STARTING AND MANAGING YOUR BUSINESS AFTER RETIREMENT

As an employee, you either resign, retire or you are disengaged. Whatever it is, you will leave paid employment eventually. And at that time, a lot of people are still young and active to start or grow the businesses they have been dreaming of or doing by the side. This programme is designed to prepare those in employment for the world of business. Participants will be introduced to the engaging world of business and the opportunities it present. They will learn the
basic requirements to start and run a profitable and sustainable business.

DURATION – 3-4 DAYS

WHO SHOULD ATTEND

  • Forward looking individuals planning to disengage from paid employment
  • Retirees and those disengaged from paid employment
  • Employees who are already running a small business by the side

OBJECTIVES

  • To help participants develop framework for entrepreneurial mentality and develop action plans to make it happen
  • To prepare participants for disengagement from paid employment and prepare for life in establishing a business
  • To equip participants with skills set to start and manage a business.

CONTENT

  1. The world of business
    a. Understanding the establishment and running a business – the mindset of an
    entrepreneur. Is running a business good for me?
    b. Business opportunities and environment in Nigeria
    c. Forms of business formation and business registration
    d. Legal consideration for small businesses in Nigeria.
  2. Business concept development and planning
    a. Generating business ideas
    b. Formulating ingredients for business plan
  3. Finance for entrepreneurs
    a. Objectives of the firm
    b. Concepts of liquidity and profitability
    c. Financial records and accounting principles
    d. Cashflow management
    e. Sources of business finance
    f. Banking relationship and management.
  4. Sales, Marketing and Brands
    a. Effective negotiation
    b. Selling skills development
    c. Proposal writing and effective presentation
    d. Basic brand management.
  5. Technology and innovation for business
  6. Basic human resource management
  7. Business ethics and etiquette
  8. Managing self