This workshop training is tailored towards
all employees approaching retirement shortly, or in a few years’ time;
they will confront real economic issues after their years of employment
in their respective organizations. The course shows that retiring from
corporate employment needs not become a calamity. It also introduces
participants to post-retirement Entrepreneurship, as they are taken
through an orientation of “entrepreneurial personality” which, rather
than being characterized by a propensity for risk taking, will among
other things focus on one thing – “opportunities maximization.”
Delegates will learn a number of
entrepreneurial logics and be made to dig deep into ideas - underlying a
product or service they could think of venturing into, prepare such
ideas, getting started, and keeping it going with commitment.
The workshop will also give the participants ways to:
Identify their talents and personal capabilities that they can utilize elsewhere
Restructure their lives
Implement a successful financial life plan
If desired, start and run own business and become successful entrepreneurs
Where needed, get new satisfying employment.
General Retirement Orientation
State of the economy and prospects faced in retirement
Coping with severance from corporate employment
Choice of what to do next.
Types of investments currently available in Nigeria
Guidelines and advice on selecting investment types.
Can You Run Your Own Business?
Planning a new business
Business development process.
A random walk through simple businesses suitable for retirees
The disciplines for business success
Preparation of a business plan
Legal requirements for business.
Nurturing a Business for Profitability
Structure for a retiree’s business
Marketing knowledge and selling skills to propagate the business
Attention to the financial health of the business – capital and cash flow.
How to Choose an Entrepreneurial Endeavour to Pursue
The courage to take the leap.
Capital for the business - the seed money to get started
A sample Business Cash Flow Projection
A sample Profit & Loss Account.
The art of positioning the business
How to monitor trends to shape the business to success
A sample business model
How to grow the business – making the business prosper.
Selling and Marketing
A sample sales plan
How to reach the potential customers
Promoting the business – publicity, website advertisements, mobile advertisements, other media.
The Product/Service Pricing Principles
Pricing a highly differentiated product/service
Pricing an undifferentiated product/service
Pricing a “Must Have” product/service
Pricing a “Substitutable” product/service.
The Retiree’s Job Description as a Business Owner
Managing time as a business owner
Finding the Right People
The art of recruiting
Quality and safety culture.
Keeping the Company Legal
How to go about a Partnership business, if one is being considered
How to become a Merchant, if trading is being considered
How to start a Production business, if manufacturing is being considered
How to start a Service business, if service is being considered.
Locating the Business - the considerations.
Investment specialists will be brought in to give investment orientation, current opportunities and guides to the participants.
Health and Leisure
Balancing work and health.
Who Should Attend
We recommend that employees attend this
workshop programme at least three years prior to retirement. By so
doing, they are afforded the luxury of time to do everything necessary
in good time.
It’s essential that female employees or
the partners of male employees attend before their pension age even if
they intend to work past this age.
If they don’t, they risk losing lots of money to pension by failing to have paid sufficient national insurance contributions.
We do urge employers to allow partners,
other family members or a friend to accompany the retiree. This is
because retirement will affect all those they interact with. Whether
family or friends, our pre-retirement workshop course has various topics
that will interest everyone.
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