Course Description

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.

Learning Outcomes

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
• Invest wisely 
• If desired, start and run own business and become successful entrepreneurs
• Where needed, get new satisfying employment.

Course Outline  

1: Retirement Planning and Investment Strategies

1. Economic Outlook, Retirement Adjustment and Post-Retirement Opportunities
2. Investment Options in Nigeria and Guidelines for Investment Decisions
3. Financial Planning, Business Capital and Investment Risk Management
4. Health, Wellness and Work-Life Balance in Retirement

2: Entrepreneurship and Business Development

1. Identifying Suitable Business Opportunities and Entrepreneurial Ventures
2. Business Planning, Feasibility Studies and Business Plan Development
3. Business Development Processes and Legal Requirements for Business Establishment
4. Business Ownership, Entrepreneurial Mindset and Success Disciplines

3: Business Strategy, Marketing and Financial Management

1. Business Strategy, Market Positioning and Growth Planning
2. Marketing, Sales Planning, Customer Acquisition and Business Promotion
3. Product and Service Pricing Strategies for Profitability
4. Financial Management: Cash Flow Projections, Profit and Loss Accounts, and Capital Management

4: Business Operations, Sustainability and Growth

1. Business Structure, Location Selection and Legal Compliance
2. Recruitment, Staff Productivity, Quality Assurance and Workplace Safety
3. Business Administration, Time Management, Decision-Making and Delegation
4. Business Performance Monitoring, Trend Analysis and Sustainable Growth

Course Methodology

1. Facilitator-Led Presentations: Expert-led sessions on retirement planning, investment strategies, financial management, entrepreneurship, and post-retirement lifestyle adjustment.

2. Interactive Discussions and Experience Sharing: Engaging discussions that encourage participants to share experiences, explore retirement opportunities, and develop practical approaches to achieving financial independence.

3. Case Studies and Practical Exercises: Hands-on exercises involving business idea development, business plan preparation, investment evaluation, cash flow projections, and profit and loss analysis.

4. Group Activities and Action Planning: Collaborative sessions on marketing, business development, risk management, and personal retirement planning to help participants develop actionable strategies for a successful transition into retirement.