BOI Youth Entrepreneurship Support Programme

All Glory be to God.
The young CEO being certified in Capacity Building and Human Development during the cohort-2 of Bank of Industry Youth Entrepreneurship Support Programme.
Its been fun and taxing from the two months online training by African Management Initiative to the one week on-hands training by LEAP Africa.

Bank of Industry Youth Entrepreneurship Support

If  you are undergoing the current YES-program, take note of the latest news.

Dear participants,

Well done so far on your training.

We have already gone past the half-line for the training - 13 courses already, we have five more courses to go. We want to encourage you to keeping going until we reach the ultimate goal.

We wish to inform you that the timetable for the online training has been revised in order to accommodate changes made to the programme and make time for the in-class session.  Don't panic if you have not completed ALL of the closed courses, we'll re-open them towards the end of the programme.

The updated programme close-out is November 9th, 2016 

Kindly forward all queries on the programme to yes-p@pau.edu.ng

Thank you.

 I got this mail today.

The Importance of Strategic Business Planning

Some people call me and say Dominion; I need a business plan next tomorrow. See! Writing a business plan is no doubt a hard task. But it’s very essential, and it comes with lots of long-term benefits.

 The planning process forces you to understand more clearly what you want to achieve as well as how and when to take each step towards achieving it. I can't write a business plan without your contribution, anybody that promise to write a business plan for you without your major contribution is a BIG joker! 

Even if you don’t need financial support from third-parties, a business plan can play a vital role on helping you avoid mistakes or recognize hidden opportunities and challenges. Of course, it is much easier to fold a sheet of paper than it is to fold a business.

Why You Need a Business Plan

Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don't know about. So, just for a change, let's take a look at the less obvious reasons first and finish with the ones you probably already know about.

15. Set specific objectives for managers. Good management requires setting specific objectives and then tracking and following up. I'm surprised how many existing businesses manage without a plan. How do they establish what's supposed to happen? In truth, you're really just taking a short cut and planning in your head--and good for you if you can do it--but as your business grows you want to organize and plan better, and communicate the priorities better. Be strategic. Develop a plan; don't just wing it.

14. Share your strategy, priorities and specify action points with your spouse, partner or significant other. Your business life goes by so quickly: a rush of answering phone calls, putting out fliers, etc. Don't the other people in your business life need to know what's supposed to be happening? Don't you want them to know?

13. Deal with displacement. Displacement is probably by far the most important practical business concept you've never heard of. It goes like this: "Whatever you do is something else you don't do." Displacement lives at the heart of all small-business strategy. At least most people have never heard of it.