The Bedaya Centre for Entrepreneurship and Career Development (Bedaya Centre), a joint initiative by Qatar Development Bank and Silatech, recently conducted a workshop on financial statement for startups.
The event, held every second Sunday of the month, was aimed at helping entrepreneurs understand basic finance to support their business. The monthly workshops organised by Bedaya Centre focus on supporting young Qataris and providing them with guidance, training, support, and offer them the needed proficiency and practical experiences. 
The workshop helped entrepreneurs understand and prepare a profit and loss statement for their projects. This was done by using templates that helped forecast sales figures and manage monthly and annual “profit and loss” expectations.
Bedaya Centre general manager Reem al-Suwaidi said: “The event highlights the important methods and approaches that promote SME growth in Qatar. These workshops have become very popular among entrepreneurs interested in starting a business or enhance their existing businesses.
 “On a monthly basis, we tackle new topics that enhance and develop the skills of our attendees by bringing together experts and pioneers from diverse fields and industries. This helps entrepreneurs kickstart or expand their businesses.”
Bedaya Centre entrepreneurship adviser Mahmood al-Mahmood said: “Most entrepreneurs face difficulties in calculating their sales figures and profit and loss statements both on a monthly or annual basis. 
“Through this monthly meeting, Bedaya sheds light on the challenges faced by entrepreneurs. We also provide a better understanding on the basics of how to calculate the profit and loss for a business through models and templates and guided them on how to prepare budgets for the continuity of their businesses.”