STARTING AND MANAGING YOUR BUSINESS AFTER RETIREMENT (EBM02)

Duration
  • 3 DAYS
Format
  • Online
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Overview

This is a course that is designed to train prospective retirees on how to prepare for their retirement as well long-term plans to mitigate likely economic issues that might arise upon retirement from active service.

Upon completion of this enhancement training, participants are expected to:

  • Develop a framework for entrepreneurial mentality.
  • Actualize the framework by developing action plans.
  • Effectively disengage from paid employment.
  • Prepare for life in establishing a business.
  • Enhance the skills set to start and manage a business.
  • Become equipped with basic information and skills.
  • Identify investment opportunities that have minimal risk.
  • Develop fundamental skills.
  • Self-manage their lives from economic anxiety and stress

THE WORLD OF BUSINESS

  • Understanding the establishment and running a business — the mindset of an entrepreneur
  • Is running a business good for me?
  • Business opportunities and environment in Nigeria
  • Forms of business formation and business registration
  • Legal consideration for small businesses in Nigeria.

BUSINESS CONCEPT DEVELOPMENT AND PLANNING

  • Generating business ideas
  • Formulating ingredients for business plan.

FINANCE FOR ENTREPRENEURS

  • Objectives of the firm
  • Concepts of liquidity and profitability
  • Financial records and accounting principles
  • Cashflow management
  • Sources of business finance
  • Banking relationship and management.

MODULE 4: INFERENTIAL STATISTICS

  • Hypothesis testing
  • Business problem 3 solved using correlation and covariance
  • Business problem 4 solved using paired I-tes
  • Business problem 5 solved using t-test equal/non-equal variance
  • Business problem 6 solved using ANOVA single factor
  • Business problem 7 solved using ANOVA two factor with & without replication
  • Business problem 8 solved using Z-test

SALES, MARKETING AND BRANDS

  • Effective negotiation
  • Selling skills development
  • Proposal writing and effective presentation
  • Basic brand management.

TECHNOLOGY AND INNOVATION FOR BUSINESS

  • Use of modern business equipment
  • Use of internet, apps, and gadgets.

BASIC HUMAN RESOURCE MANAGEMENT

  • Identification and selection of employees
  • Defining employee roles and duties
  • Remunerations, benefits, tax, and insurance.

BUSINESS ETHICS AND ETIQUETTE

  • Customer service
  • Product and service presentation
  • Public communication.

MANAGING SELF

  • Time management
  • Execution strategies and dealing with procrastination
  • Managing and dealing with health issues.

INVESTMENT OPTIONS AND OPPORTUNITIES FOR RETIREES

 

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