Stepping Out

to

WIN

Stepping Out

to

WINMBA, ACA, MSM

www.bidemionajobi.com

“The secret of success in life, is for a man to be

ready for his time when it comes”

– Benjamin Disraeli

“The best way to predict the future is to create it”

– Anonymous

Opening ThoughtOpening Thought

The facts!The facts!

CountryUnemployment

rate (%)Literacy

(%)Zimbabwe 95 90.7Macedonia 31.4 97.3Nigeria 21 61.3Egypt 12.2 72Ghana 11 67.3India 9.8 61Central African Republic 8 56

• Only about 20 million (out of 170 million) Nigerians have sustainable and regular jobs

• 13,000 people applied for 100 executive drivers openings i.e. 1,300 application per slot.

• The fact that you went to school is not a aguarantee of employment

Youth Unemployment 3X General Unemployment*

…at crossroad of life…at crossroad of life

Emplo

ye

eSelf-Employed

Assess yourselfAssess yourself

You must understand your current position to make meaningful decision on way forward

You must understand your current position to make meaningful decision on way forward

Vision Rebirth

Herd Mentality

Self Preparation

Market Appreciation

Leadership Position

Birth

Death

Recognizable AdvancementState of

Readiness

Self Discovery

The Employee OptionThe Employee Option

• Perform specific duties which are packaged into a job

• Income assurance

• Expected opportunity for career advancement

• Opportunity for learning

• Perform specific duties which are packaged into a job

• Income assurance

• Expected opportunity for career advancement

• Opportunity for learning

Be mindful of KASHBe mindful of KASH

KKKNOWLEDGE

AATTITUDE

SSKILLS

HHABITS

Most people spend Most people spend time and moneytime and money

developing the left developing the left half of the KASHboxhalf of the KASHbox

Most Most termination & termination & business business failures are failures are due to due to weakness in weakness in the right half the right half of the of the KASHboxKASHbox

The Business OptionThe Business Option

• The state of being busy either as an individual or society The state of being busy either as an individual or society as a whole, doing commercially viable and profitable workas a whole, doing commercially viable and profitable work

• A business (also known as enterprise or firm) is an A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or organization engaged in the trade of goods, services, or both to consumersboth to consumers.

BusinessBusinessC

ateg

ori

esE

ntr

y

Others e.g. Landlord, PHCN, etc

Customers

Creditors e.g. Bank

Other Investors

The Business

Biz Owner(s)

Business Worth & FinancingBusiness Worth & Financing

The Balance Sheet (Statement of Financial Position

Fixed Liabilities Fixed assets

Capital and reserves Intangible Assets 164

Called-up share capital 271 Tangible Assets 9,487

Share premium 788 Investments 524

Retained Profit and loss 729

Minority interests 216 Current assets

Long term Loans & advances 6,553 Stock 87

Debtors 986

Current Liabilities Short-term investments 1,430

Trade Creditors 2,904 Cash 222

Accrued Expenses 1,439

12,900 12,900

Liabilities Assets

Starting with “NO” MoneyStarting with “NO” Money

Identifying area on “NO” or Low cash Identifying area on “NO” or Low cash requirementsrequirements

• Value chainValue chain

• Your Capacity (and Network)Your Capacity (and Network)

• Industry Industry

• AgencyAgency

• Service businessService business

• PartnershipPartnership

Starting with “NO” MoneyStarting with “NO” Money

• Value chain – Real EstateValue chain – Real Estate

Agents/BrokersAgents/Brokers

Agents/Brokers

Land Merchants Developers Builders Estate

ManagersBuyers/Tenants

Starting with “NO” MoneyStarting with “NO” Money

• Do YOU have required Capacity (and Do YOU have required Capacity (and Network)?Network)?

Keeping Keeping recordsrecordsKeeping Keeping recordsrecords

Dealing with Dealing with GovernmentGovernmentDealing with Dealing with GovernmentGovernment

Dealing Dealing with Publicwith Public

Dealing Dealing with Publicwith Public

Direct sellingDirect sellingDirect sellingDirect selling Dealing with Dealing with EmployeesEmployees

Dealing with Dealing with EmployeesEmployeesProductionProductionProductionProduction

MaintenanceMaintenanceMaintenanceMaintenance

Planning Planning growth and growth and

changechange

Planning Planning growth and growth and

changechange Arranging Arranging financial financial mattersmatters

Arranging Arranging financial financial mattersmatters

Dealing Dealing with with

supplierssuppliers

Dealing Dealing with with

supplierssuppliers

Dealing Dealing with with

CreditorsCreditors

Dealing Dealing with with

CreditorsCreditors

Dealing with Dealing with DebtorsDebtors

Dealing with Dealing with DebtorsDebtors

MarketingMarketingMarketingMarketing

DistributionDistributionDistributionDistribution

Starting with “NO” MoneyStarting with “NO” Money

• Industry - PrintingIndustry - Printing

Also Trade (Retail): Computer Village model

Customer Printing Marketing

Pre-Press Consultants Press Post Press

Services

Starting with “NO” MoneyStarting with “NO” Money

• AgencyAgency• Insurance (Leadway Insurance)Insurance (Leadway Insurance)

• Network Marketing (IFA, a2w, etc)Network Marketing (IFA, a2w, etc)

• Branch/Outlet Management ServiceBranch/Outlet Management Service

• Service BusinessService Business• ConsultancyConsultancy

• Marketing Services (e.g. Dry Cleaning Biz)Marketing Services (e.g. Dry Cleaning Biz)

• PartnershipPartnership

Closing ThoughtClosing Thought

“The grass is greener….where it is watered ” – Femi Akin-Alamu

Thank YouThank YouThank YouThank YouThank YouThank You

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