INTRODUCTION TO BASIC ENTREPRENEURSHIP

PROGRAM

Course Content

We propose a four module course focusing on the following areas:

• Starting a new Business
• Financing the new Business
• Managing the new Business
• Making the ultimate decision

Starting a new Business

• The Business idea and Business Opportunity Seeking
• Personal Entrepreneurial Competences
• The Business Plan
• Forming a new Company
• New Product Development

Financing the New Business

• Sources of Finance
• Factors influencing choice of sources of Finance
• Start-up costs

Managing the New Business

• Managing Early Operations
• Record Keeping and Financial Controls
• Managing People
• Promoting the new Business

Applying  the Entrepreneurship Model

Entrepreneurship may indeed not be for everyone as people have different motivations and considerations of achievement and success. Besides, there are identifiable competencies and behaviours associated with entrepreneurship which are universal. The PEDP seeks to prepare officers and men to acquire the needed entrepreneurial skills and competencies to enable them develop businesses of their own in order to make a smooth transition into self employment.

This program will introduce participants to basic entrepreneurship skills acquisition and test of entrepreneurial motivation among participants. Essentially, officers  due for discharge shall go through a two-day intensive entrepreneurial training and orientation in order to unearth their individual competencies/skills and appetite and aptitude to engage in self employment. This programme shall be held at locations of the Retirees.

You Will Learn How To

• Apply core management skills, tools and techniques to deliver results
• Convert Business ideas into profitable Businesses
• Identify the key steps in forming a new Company
• Develop Skills in starting new Businesses/Ventures
• Identify some key Competences critical for success in Start -Ups
• Identify Sources of Finance for establishing new businesses
• Develop Skills needed to manage Businesses at the early stage
• The benefits of self employment to enable them decide whether to go into self employment.

Expected Benefits to Retirees

• Purpose-driven social re-entry that tunes-up life with enthusiasm and brings meaning to life
• A life of aspiration and positive impact in advancing humanity
• Motivated creativity and enables one to make the most of life
• Improved performance in their new careers
• Acquisition of new attitudes and behaviour that will be reinforced and applied in elderly years – irrespective of training
• Understanding of the issues attached to adaptability
• Becoming an emotional alchemist and a catalyst for change
• Recognition of entrepreneurial competencies and their link to success in the new social setting

It sharpens the entrepreneurial competencies of the participants and builds the skills necessary to identify and implement business ideas for the benefit of their businesses