Basic Entrepreneurship Development Course
The lack of jobs and survival instincts of most Nigerians has made starting up businesses the rave of the moment. Also, Nigeria’s over dependency on crude oil and the aftermath of decreasing oil prices in past years has given Nigerians an insight of what looms if small businesses are not prioritized.
Business starters with ideas, also known as entrepreneurs, go through various processes of developing, organizing and managing a business venture along with any of its risks in order to make a profit. These entrepreneurs which have a lot of things in common are categorically known as Small and Medium scale Enterprises (SMEs)
In Nigeria, a new national MSMEs survey conducted by the Small and Medium Enterprises Development Agency (SMEDAN) in conjunction with the National Bureau of Statistics (NBS) has revealed an increase in the number of SMEs by over 100 percent to a current number of 37 million. The sad news is that mortality amongst SMEs is three out of every five within the first year of birth. One major challenge – amongst many others like finance is lack of adequate knowledge about the business/idea.
Innovation Growth Hub in Partnership with Capacity Development International is at the forefront of providing business start-ups with requisite knowledge needed to turn their brilliant ideas into a successful and profitable business via “Basic Entrepreneurship Development Program”. And the intention of this Project is to Identify passionate and teachable youth and women ages 18-35 and Prepare them to start their businesses. Starting from Identifying business ideas and Validating the business ideas using our trusted tools. Then Train participant on steps of starting out a business and all the Participants will write a Business plan, Business Model and Financial Plan for the idea selected, these are KPIs for the Participants. We will also expose them on access funds opportunities, with the interest to position them to Startup their businesses immediately, we will support Participants in Registering their businesses with Corporate affairs commission, Register with FIRS for Tax Identification number and open an account. We will Partner with SAGE to Give participants free SAGE Accounting Solution For SMEs. We will also introduce Tech Business opportunities and work with Google to Provide a Digital Skill Training free for Participants to understand Technological tools for business growths and opportunities the can leverage to start and grow Digital Business.