stepping out to win 23 2-2013
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This presentation is about understanding and making informedTRANSCRIPT
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Stepping Out
to
WIN
Stepping Out
to
WINMBA, ACA, MSM
www.bidemionajobi.com
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“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
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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*
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…at crossroad of life…at crossroad of life
Emplo
ye
eSelf-Employed
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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
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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
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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
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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.
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BusinessBusinessC
ateg
ori
esE
ntr
y
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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
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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
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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
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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
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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
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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
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Closing ThoughtClosing Thought
“The grass is greener….where it is watered ” – Femi Akin-Alamu
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Thank YouThank YouThank YouThank YouThank YouThank You
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