Page 92 - UPthEM_Program_Final_December 2020

UPthEM – Upskilling Pathways for Employability
№ 2019-1-BG01-KA204-062299

Activity FIVE: Managing Those Precious Resources

The primary resources of any craftsperson, service deliverer or potential businessman are:

• The location where they operate
• Their tools and equipment
• The time they can dedicate to their craft/service
• Employees, clients, and other associated people
• The materials and resources needed to produce their products or services
• Their financial assets such as loans, cash flow, access to credit
These resources need to be properly managed to ensure efficiency and effectiveness.

Reflection
• Are you dedicating enough time and space to think creatively?
• Do you use your resources to their full potential? Is there a period in which your
resources are not used? If that is the case, you have what is called surplus value and your
business can actively benefit from this. How can you utilise this surplus value and turn
it into revenue? For example you have a kiln that you fire once every two weeks, could
you negotiate with others who need a kiln to pay you for firing their work when you are
not using it.
• Is there another person or business with whom you can co-operate and share your
resources?

Write your thoughts it in your notebook or on a piece of paper.

In your notebook write down as many ideas as you can for the following:
You have acquired a large warehouse that is too large for your current needs, but you plan to
use it in the future. How will you utilise it for your present needs in a way that is sustainable in
the short term?

Source: https://pixabay.com

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