The document discusses sustainability after school and the importance of entrepreneurship and professionalism. It defines sustainability as reserving resources for future generations without harming the environment. Professionalism involves characteristics like appearance, reliability, competence, and accountability. Developing multiple streams of passive income is important for financial security. Passive income sources require little effort but continue generating income, like renting property or investing. Both advantages and challenges exist with multiple income streams. Business ideas can come from customer needs, interests, travel, research, and developing new perspectives. Overall sustainability involves meeting current needs without compromising future generations' ability to meet their own needs.

1. SUSTAINABILITY AFTER SCHOOL: IMPERATIVE OF
ENTREPRENEURSHIP & PROFESSIONALISM
Being a paper delivered at the Re-union programme of HND Accountancy set
2004 of the Osun State College of Technology, Esa-Oke, Nigeria
On December 23, 2017
Chief (Dr.) Godwin Emmanuel, Oyedokun
HND (Acct.), BSc. (Acct. Ed), MBA (Acct. & Fin.), MSc. (Acct.), MSc. (Bus & Econs.), MSc. (FACI),
MTP (SA), Ph.D (B&F), ACA, FCTI, ACIB, MNIM, CNA, FCFIP, FCE, FERP, CICA, CFA, CFE,
CIPFA, CPFA, ABR, IPA, IFA CertIFR
godwinoye@yahoo.com
+2348033737184, +2348055863944 & +2348095419026
President, ACFE Lagos Chapter
Chief Technical Consultant/CEO
OGE Professional Services Ltd

2. WORD ON MARBLE
 “Don't let the opinions of the average man sway you.
Dream, and he thinks you're crazy. Succeed, and he
thinks you're lucky. Acquire wealth, and he thinks
you're greedy. Pay no attention. He simply doesn't
understand."
-- Robert G. Allen

3. FIRST THING FIRST
 Take a sheet of paper
 What of your PEN?
 Ok take it too
 Now,
 write out at least 10 of your business ideas in order of
interest/priority

4. 4

5. 5

6. Friday, December 29, 2017 6
 Reasoning skills- Let do it together in
class
Skills

7. Friday, December 29, 2017 7
 Reasoning skills- Let do it together in
class
Skills

8. Friday, December 29, 2017 8
 Take Home- 151, 131, 51
Skills Forensic Accounting

9. INTRODUCTION
 For anyone who values financial security and
ultimately desires financial freedom, creating at least
one additional stream of income is no longer a luxury.
It has become a necessity.
 Diversifying your income stream is crucial to protect
yourself and your family against the unavoidable ups
and downs of economic and industry cycles.
 Because of the financial risks that come from relying
on one source of income, such as a job or a business,
consider creating at least one or more additional
streams to generate cash flow.

10. WORD ON MARBLE
 “The easiest thing in the world is to come up with the
excuse not to do something. I found out that the most
important thing in life is to stop saying, I wish and to
start saying, I will….."
-- David Copperfield

11. 1
SUSTAINABLE DEVELOPMENT
 Sustainability is said to be the practice of reserving
resources for future generation without any harm to
the nature and other components of it. Sustainable
development ties together concern for the carrying
capacity of natural systems with the social, political,
and economic challenges faced by humanity.
 Sustainability science is the study of the concepts of
sustainable development and environmental science.
 There is an additional focus on the present generations'
responsibility to regenerate, maintain and improve
planetary resources for use by future generations.

12. 1
SUSTAINABLE DEVELOPMENT
 Sustainability is said to be the practice of reserving
resources for future generation without any harm to
the nature and other components of it.
 Sustainable development ties together concern for
the carrying capacity of natural systems with the social,
political, and economic challenges faced by humanity.
 Sustainability science is the study of the concepts of
sustainable development and environmental science.
 There is an additional focus on the present generations'
responsibility to regenerate, maintain and improve
planetary resources for use by future generations.

13. PROFESSIONAL
 A professional is a person formally certified by
a professional body.
 One need to belong to a specific profession by the
virtue of having completed a required course
of studies and/or practice.
 A professional is a person whose competence can
usually be measured against an established set of
standards.
 He/she is a person who has achieved an acclaimed
level of proficiency in a calling or trade.

14. CHARACTERISTICS OF A
PROFESSIONAL
 Professionalism also has to do with how you conduct yourself
during your business affairs.
 True professionals possess a number of important
characteristics that can apply to virtually any type of
business viz:
 Appearance;
 Demeanor;
 Reliability;
 Competence;
 Maintaining Your Poise;
 Phone Etiquette:
 Organizational Skills; and
 Accountability.


15. CHARACTERISTICS OF A
PROFESSIONAL
 The future belongs to the competent. We need to be
multifaceted in our competence and become charismatic
communicators with technical competence and excellent
people skills, especially in negotiating.
 This means developing the habit of learning everywhere,
every day.
 You inspire others, both personally and professionally,
through your actions and the environment you create.
 When you are professionally accountable, people watch what
you are doing as well as listening to what you’re saying.
 My dear colleagues, you will agree with me that working
with professionals is a pleasure, and I have been fortunate to
work with some truly exemplary ones.
 There have been a few who liked to be treated as
professionals without having to work and act like one.

16. 1
6
ENTREPRENEURSHIP
MULTIPLE AND PASSIVE
STREAMS OF INCOME

17. 1
7
MULTIPLE AND PASSIVE
STREAMS OF INCOME

18. 1
8
MULTIPLE AND PASSIVE
STREAMS OF INCOME
 Generate income from more than one sources.
 Must be legal, otherwise, it would be termed
corruption.
 A passive income stream:
 Earns income for the owner without needing much more
additional effort.
 Help to supplement your income because they are
inexpensive to create, low risk, easy to duplicate and any
time of day.
 Could be earned on money you invest or property you rent
out, but many people earn it over the Internet.

19. 19

20. 20

21. 21

22. 2
2
MULTIPLE AND PASSIVE
STREAMS OF INCOME
 Motivating factors:
 Flexible
 Scalable
 Sustainable
 Enjoyable
 Inexpensive

23. 2
3
DEVELOPING AND MANAGING MULTIPLE/PASSIVE
STREAMS OF INCOME
 Consider the following points on developing and managing
multiple streams of income:
 Don't quit your full time job, if you currently have one
 Take advantage of your passions, hobbies or unique skills
 Start a blog or a newsletter
 Write a book, an e-book or just a booklet
 Create a product
 Earn rental income
 Invest in a business as a silent partner
 Purchase the rights to royalties
 Invest in dividend securities

24. WORD ON MARBLE
 “It is not what you do once in a while, it is what you
do day in and day out that makes the difference….."
-- Jenny Craig

25. 2
5
DEVELOPING AND MANAGING MULTIPLE/PASSIVE
STREAMS OF INCOME
 Create a website or blog
 Become an affiliate marketer
 Sell information in the form of e-books
 Offer advertising space
 Refer visitors to businesses you trust
 Focus on your primary passive income
stream first
 Reinvest your passive income

26. 26

27. 2
7
DEVELOPING AND MANAGING MULTIPLE/PASSIVE
STREAMS OF INCOME
 Repackage your products
 Hire someone else to manage existing
income streams
 Affiliate marketing
 Start a freelance business
 Network marketing
 Real estate
 Royalties
 Participate in surveys and paid focus groups

28. 2
8
DEVELOPING AND MANAGING MULTIPLE/PASSIVE
STREAMS OF INCOME

29. 2
9
DEVELOPING AND MANAGING MULTIPLE/PASSIVE
STREAMS OF INCOME
 Focus first on passive income streams that you
create once but they continue to generate income
 Next, focus on income streams that can expand
your business
 Choose and set-up one income stream at a time
 Wait until one income stream is up and running
before starting the next
 Drop an income stream if it isn’t working

30. 3
0
DEVELOPING AND MANAGING MULTIPLE/PASSIVE
STREAMS OF INCOME
 Establish financial security
 Clarify your unique value
 Identify your market
 Build a community
 Ask your community about their desires
 Create a solution
 Plan the launch
 Find a mentor

31. 3
1
ADVANTAGES AND DISADVANTAGES OF MULTIPLE
INCOME STREAMS

32. 3
2
ADVANTAGES AND DISADVANTAGES OF MULTIPLE
INCOME STREAMS
 Benefits of Multiple Income Streams
 It’s easier to create several small income producing streams over
one large one. For example, it’s easier to create three streams that
earnN100,000 than one stream that earns N1000,000.
 It reduces the risk of being left without any income. If you are laid
off or one source of income drops, you have other sources to help
you get by. Especially in home business, which has an ebb and
flow, you can offset the dry spells by having another source of
income.
 It helps you avoid boredom in work by having different things to do
every day.
 You can create income streams based on your interests, talents,
and passions.

33. WORD ON MARBLE
 “Remember the feeling you get from a good run is far
better than the feeling you get from sitting around
wishing you were running…."
-- Sarah Condor

34. 3
4
ADVANTAGES AND DISADVANTAGES OF MULTIPLE
INCOME STREAMS
 Disadvantage of Multiple Income Streams
 It’s difficult to keep on top of all tasks that need to be done for every
income stream.
 It’s a balancing act to give enough attention to each income stream
to keep them growing and profitable. Barbara Winter likens it to
plate spinning.
 The start-up time for each income stream is time and energy
consuming.
 It should be noted that even with the challenges, the benefits
outweigh the potential problems; especially if you build additional
income related your existing home business

35. 3
5
GENERATING BUSINESS IDEAS

36. 3
6
GENERATING BUSINESS IDEAS
 Meet new people
 Keep a “pain point” journal
 Tap into your interests
 Explore new ways of thinking
 Travel
 Go online
 Do your market research

37. 3
7
SUMMARY AND CONCLUSION
 Multiple or passive Streams of Income means one
generate income from more than one sources.
 In this time of recession, professionals of your
caliber can not do but think as if there is no
“BOX” in order to general addition or better put,
multiple streams of income.

38. 3
8
SUMMARY AND CONCLUSION
 A lot of people have interest in setting up a
business.
 Most of these individuals have money but they do
not know what to invest in or what business to
start.
 Now to the average mind, there seem to be
scarcity of ideas but in this presentation, it was
revealed that there exit abundant opportunities.
 All you need to do is to work on your perception
and develop the ability to see these opportunities.

39. 3
9
SUMMARY AND CONCLUSION
 Business ideas are all within you and within your
environment.
 Some of these business ideas emanate from
analysis of market and consumer needs, while
others emanate from a long research process.
 But the truth still remains that business
opportunities abound.
 So if you are interested in starting a business, but
you do not know what product or service to sell,
then refer to this presentation for sources of small
business ideas and opportunities.

40. 4
SUMMARY AND CONCLUSION
 The development that meets the needs of the present
without compromising the ability of future generations
to meet their own needs is concluded to mean
“Sustainable development” and it implies economic
growth together with the protection of environmental
quality, each reinforcing the other.
 The essence of this form of development is a stable
relationship between human activities and the natural
world, which does not diminish the prospects for
future generations to enjoy a quality of life at least as
good as our own and he interest of our school (Osun
State College of Technology Esa-Oke).

41. 4
RECOMMENDATIONS
 Whichever is the case, we had done our part as
students of this school at a time past and we are
set and resolved to continue to serve the school for
its developmental progress in committee of school
in Osun state and in Nigeria in general.
 We then need to lead, represent and hold
ourselves in unity to enable a sustainable
development that our children unborn would be
able to inherit our good legacy.
 This is Quranic and Biblical in Nature.

42. WORD ON MARBLE
 “So why not get on the run today and achieve that
dream? That goal? That desire? Dream it, believe it,
pursue it and achieve it. "
-- CITN newsletter committee

43. 4
APPRECIATION
 I thank you all for your rapt attention since.
Thank you for listening!!!
 I would be available for any clarifications with
respect to this lecture and on any other issue that
would help us individual and collectively.

44. QUESTIONS AND ANSWERS
Thank you