Small Business Camp Road Show

EMPOWERING NIGERIANS THROUGH ENTREPRENEURIAL TRAINING

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U.S Dept. of commerce's representative, Dr. Shaikh making his Presentation

The first phase of the Secrets to 'Business Success' seminar has come and gone but the impact of its success still hovers around the states visited.

The tour which took a contingent from the Bank of Industry management and staff led by the Managing Director, Ms. Evelyn Oputu, Rimsom Associates, the facilitators of the seminar, the Small Business Camp of New York, the trainers and a representative from the US Department of Commerce, round four state capitals in Nigeria really touched the lives of local entrepreneurs of these states. The leader of each group of entrepreneurs that was formed at each state still maintains correspondence with the trainer on their various group projects.

Andrew Morrison, the President of Small Business Camp, New York, together with his business coach, Ramon Williamson taught the participants some basic entrepreneurial development skills they require to build a successful business.

Some of the core topics discussed at the seminar includes the simple steps to achieve business success. They are as follows; taking inventory, listening for opportunity, developing a business model, building a team and creating wealth in 90 days.

Mr. Morrison showing the participants methods to sell their Products

Taking inventory involves taking cognizance of visible and invisible. Physical capital and assets represents the visible inventory while the intellectual wisdom and ability to think out something meaningful, forms the invisible inventory. The trainer went on to say that a good entrepreneur should always listen for opportunities. Entrepreneurs according to him should always crave for opportunities that can be capitalized to develop ideas that will build businesses. He went further to explain more on developing a business model. This according to him can be achieved through a careful examination of the revenue and cost drivers derived from various business models after an opportunity has been discovered.

Building a team involves engaging in high performance workplace. Learning on how to employ and maintain the right team members.

Creating wealth in 90 days is the high point of what the seminar was all about. According to Morrison, "Business concepts become practical by planning to reach a major milestone in 90 days". He further went to say that "launching a website, writing a book, finding a joint-venture partner or securing a major contract are all examples of projects that can be completed in 90 days." [ READ MORE ]