Seminar Overview: In this comprehensive seminar, participants will gain valuable insights into the critical aspects of business development, growth, and leveraging resources effectively. We'll explore strategies, best practices, and real-world examples to help you succeed in today's competitive business landscape.
2. EMERGING CAPITAL BUSINESS SEMINAR
EMERGING CAPITAL BUSINESS SCHOOL WELCOMES
YOU TO OUR BUSINESS CONFERENCE
JOIN THE NETWORK AND SUCCEED
HELP OTHERS TO SUCCEED
BE PROACTIVE
WORK SMART
CREATE THE FUTURE
3. CONTENT
HOW TO IDENTIFY A PROFITABLE BUSINESS IDEA
HOW TO CRAFT A BUSINESS PLAN
HOW TO CHOOSE THE RIGHT LEGAL STRUCTURE
SCALING YOUR BUSINESS
DIVERSIFYING YOUR BUSINESS
INTEGRATING TECHNOLOGY IN YOUR BUSINESS
LEVERAGING YOUR BUSINESS
FUTURE TRENDS AND PRACTICES
4. INTRODUCTION
A BUSINESS IS AN ORGANIZATION THAT AIMS TO MAKE A PROFIT BY
PROVIDING GOODS AND SERVICES TO CUSTOMERS. IT CAN TAKE
VARIOUS FORMS, HAS OWNERS, SERVES A SPECIFIC MARKET, OPERATES
WITHIN LEGAL REGULATIONS, AND PLAYS A VITAL ROLE IN THE
ECONOMY.
THE BUSINESS ENVIRONMENT IN NIGERIA IS GETTING TOUGHER BY THE
DAY, AND THE CHANCES OF BUSINESS OWNERS KEEPING THEIR
BUSINESSES RUNNING ARE GETTING SLIMMER.
AS THE COST OF PETROL AND DIESEL CONTINUE TO CLIMB, THE COST
OF PRODUCTION AND EXPENSES CONTINUE TO SURGE.
ACCESS TO ELECTRICITY IN THE COUNTRY IS THE LOWEST GLOBALLY
WITH ABOUT 92 MILLION NIGERIANS LACKING ACCESS TO POWER… AS A
RESULT MANY SME’S IN NIGERIA ARE ALREADY SHORTING DOWN.
5. HOW TO IDENTIFY A PROFITABLE
BUSINESS
A great business idea is an innovative and unique
concept that is tailored to solve a problem or
meet a specific need in an industry or market.
Factors that determine whether an idea is great
or not entail scalability, investor-friendliness,
ability to solve a problem, replicability and
sustainable profitability.
7. HOW TO CHOOSE THE RIGHT LEGAL
STRUCTURE
SOLE PROPRIETORSHIP
PARTNERSHIP
LIMITED LIABILITY COMPANY
CORPORATION
INCORPORATED TRUSTEES
NON PROFIT ORGANIZATION
COOPERATIVE
8. FUNDS
GOVERNMENT ENTERPRISE AND EMPOWERMENT PROGRAMME (GEEP)
YOUTH FOCUSED FUNDS
ARTISANAL MINERS INTERVENTION FUND
ARTISANAL AND SMALL SCALE MINERS (ASM) FINANCING SUPPORT FUND
BOI/ALIKO DANGOTE FOUNDATION FUND
BOI/DELTA HEALTHCARE FUND
BOI ENGINEERING AND TECHNOLOGY FUNDS
BOI FASHION FUND
BOTTOM OF THE PYRAMID SCHEME (ON LENDING) BOP
BRAVE WOMEN PROJECT
CBN BACKWARD INTEGRATION FUND
CBN INDUSTRIAL FUNDS
CBN TEXTILE INTERVENTION FUND
CBN TEXTILE REVIVAL IMPLEMENTATION FUND
9. SCALING YOUR BUSINESS
Scaling is when an organization identifies ways to grow
more efficiently, resulting in revenue growth at a
substantially greater rate than increases in resources
and expenses.
Scaling a business means building a clear strategy that
outlines key milestones one, five, and 10 years down
the line—and beyond. It also means aligning your short-
term goals with your long-term goals so you scale at a
manageable pace. By keeping the big picture and your
company vision in focus and building the right team,
your business will be in a strong position to successfully
scale.
10. DIVERSIFYING YOUR BUSINESS
IN BUSINESS DIVERSIFICATION CAN REFER TO
EXPANDING A COMPANY’S PRODUCT OR SERVICE
OFFERINGS INTO NEW MARKETS OR INDUSTRIES. FOR
INSTANCE, A TECH COMPANY THAT DIVERSIFIES ITS
PRODCUT LINE BY ENTERING THE HEALTHCARE
SECTOR IS SAID TO BE DIVERSIFYING. DIVERSIFICATION
CAN HELP COMPANIES MITIGATE RISKS ASSOCIATED
WITH OVERRELIANCE ON A SINGLE MARKET OR
PRODUCT.
11. INTEGRATING TECHNOLOGY IN YOUR
BUSINESS
Business tech integration is the process of introducing a
wide range of new and innovative technology into various
aspects of your business operations. This can encompass
anything from automating processes to integrating data
between systems, as well as modernizing product design
or increasing customer service capabilities.
We stand on the brink of a technological revolution that
will fundamentally alter the way we live, work and relate
to one another. The fourth industrial revolution is
expected to come with velocity, scope and systems impact
and breakthroughs such as artificial intelligence, robotics,
the internet of things, autonomous vehicles, 3-D printing,
nanotechnology, biotechnology, materials science, energy
storage and quantum computing.
12. LEVERAGE
Leverage is generally understood to be the effect
of using debt to make an investment, which in
turn is intended to increase income or return.
Thus, leverage can boost a company because it
can make investments for which it does not have
enough equity, but it can also bankrupt it. Before
borrowing, therefore, a thorough analysis must be
made of whether an investment will be
profitable.
13. FUTURE TRENDS AND PRACTICES
A business trend is a patten of change in the
business world. For example, the increasing use
of e-commerce and online shopping is a business
trend, as is the growth interest in sustainable and
eco-friendly products. These trends can impact
how companies do business and make money.
14. THANK YOU FOR LISTENING
Unlock your path to success with London Heights College of
Technology and Business (LHC). We're thrilled to offer a 100%
scholarship for bankers and finance professionals pursuing
our Executive MBA degree. Thanks to LHC's grant funding,
we're making this opportunity available to you. Act swiftly,
as only the first 250 applicants will be accepted. Secure your
future and excel in your career journey with London Heights
College. Apply today at lhc-edu.uk/application