This document provides information on wealth creation and developing viable business ideas in Nigeria. It discusses principles of money, turning ideas into wealth by assessing opportunities and developing business plans. Key points include: 1. Money serves purposes like meeting basic needs and others' needs, and demonstrates God's power. Principles for money include God as the source and givers getting more. 2. Not all ideas are good, and ideas need market fit and customer problems to solve. Business plans should include elements like mission, market strategies and financial projections. 3. Top business sectors in Nigeria include technology, agriculture, finance and healthcare. Developing a business requires assessing opportunities within problems, and having courage and perseverance to execute ideas

1. A trip to Wealth
Creation

2. MY Assignment
Principles and
Purpose of Money
Principles for turning
ideas into wealth
Viable business
ideas in Nigeria

3. Luke 16:1-8
Principles and Purpose of Money

4. Purpose and Principles of Money
1 Provides for the basic needs
2 Confirms direction
3 Meets the needs of others
4
Financial provision demonstrates
God’s power
1 God is the source
2 Givers Get
3 If you don’t make it work, it walks!
4 Money Flows
Purpose Principles

5. Luke 16:10-11
One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also
dishonest in much. If then you have not been faithful in the unrighteous wealth, who will entrust you
the true riches?
Personal Finance Management

6. Goals and Decision Making
“For which of you, intending to build a tower, does not first sit down and count the cost, whether he
has enough to finish it. Lest, after he has laid the foundation, and is not able to finish, all who see it
begin to mock him” – LUKE 14: 28-29

7. Savings and Budgeting
“Go to the ant, you sluggard! Consider her ways and be wise, Which, having no captain, Overseer
or ruler, provides her supplies in the summer, and gathers her food in the harvest” – PROVERBS 6:6-8
Budgeting
A budget is the
foundation of any
financial plan. Regardless
of what you make, you
need to know where your
money is going in order to
have a handle on your
finances.
What is the key to
successful budgeting?
ATTITUDE
Savings
To save successfully,
you need to?
10/50/20/20 Rule
PRIORITIES!!!
GIVE!!!
FOCUS!!!

8. Sample Personal Budget
January February March April May June July August September October November December
Revenue
Income 0.00 0.00 0.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00
Other Income
Total 0.00 0.00 0.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00
Exchange rate 0.00 0.00 0.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00 150.00
Local Total 0.00 0.00 0.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00 2000000.00
Expenses
Car 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Rent 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Driver 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cook 0.00 0.00 0.00 0.00 0.00 30000.00 30000.00 30000.00 30000.00 30000.00 30000.00 30000.00
Food/Groceries 0.00 0.00 0.00 72000.00 50000.00 50000.00 50000.00 50000.00 50000.00 50000.00 50000.00 50000.00
Entertainment 0.00 0.00 0.00 50000.00 50000.00 160000.00 160000.00 160000.00 160000.00 160000.00 160000.00 160000.00
Tithe 0.00 0.00 0.00 200000.00 200000.00 200000.00 200000.00 200000.00 200000.00 200000.00 200000.00 200000.00
Offering 0.00 0.00 0.00 50000.00 40000.00 50000.00 50000.00 50000.00 50000.00 50000.00 50000.00 50000.00
Gas 0.00 0.00 0.00 20000.00 20000.00 20000.00 20000.00 20000.00 20000.00 20000.00 20000.00 20000.00
Electricity
Standing Order 0.00 0.00 0.00 0.00 80000.00 80000.00 80000.00 80000.00 80000.00 80000.00 80000.00 80000.00
Toks 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fumi
Mummy 150000.00 75000.00
Misc 0.00 0.00 0.00 60000.00 80000.00 60000.00 60000.00 60000.00 60000.00 60000.00 60000.00 60000.00
Savings 0.00 0.00 0.00 1398000.00 1480000.00 1350000.00 1350000.00 1350000.00 1275000.00 1350000.00 1350000.00 1350000.00
Total Expense 0.00 0.00 0.00 602000.00 520000.00 650000.00 650000.00 650000.00 725000.00 650000.00 650000.00 650000.00
FCF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Bank 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
“But if anyone does not provide for his own, and especially for those of his household, he has denied
the faith and is worse than an unbeliever” – 1Timothy 5:8

9. Luke 16:1-8
Principles for turning ideas into
Wealth

10. Not all ideas are
BRIGHT IDEAS
For some ideas,
NO ONE cares or
is INTERESTED
Run your own
RACE
Quit
Procrastinating

11. STARTING WITH THE PROBLEM
• Who is my customer?
• What are their needs/wants?
• What problem are they facing?
• Does my idea meet their need?
• Who are my
competitors/substitutes?
• Is my idea better than what
currently exists?

12. "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The
greatest success stories were created by people who recognized a problem a turned it into an
opportunity." Joseph Sugarman
Assessing the Opportunity

13. Assessing an Opportunity

14. Business Plan
Key Components
There are 8 critical
components of a
business plan:
1. Executive Summary
2. Mission & Vision
3. Business Model
4. Revenue Model
5. Market Strategies
6. Development Plan
7. Competitive Analysis
8. Financial Component

15. Luke 16:1-8
Viable business ideas in Nigeria

16. Top 5 Business Sectors??
1 Technology - Food e-commerce,Gamification, Agri-tech, Education
2 Agriculture- Production, Processing, Packaging
3 Financial Services – Credit Services
4 Healthcare Services – Home Healthcare
5 Mobile Apps Development
6 Consumer Goods

17. Philippians 4:13
“I can do ALL things through Christ who strengthens me”
Final thoughts & Conclusion

18. Final Thoughts
"Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which
is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out
your own inner voice. And most important, have the courage to follow your heart and intuition. They
somehow already know what you truly want to become. Everything else is secondary.“- Steve Jobs
It is a journey No Comparison
required
Ideas are cheap,
execution is
everything
Pray! Pray!! Pray!!!

19. THANK YOU
For sitting through this presentation.
Thank
You