Recently, yes: more than a year yesterday, I embarked on developing management skillset. I mostly trained online but I got formal when I needed to present certification at work. Interestingly though, many foreign authors have made their notes available- immerse thanks to them.
The first of this management training begins with this FIRST COURSE:
STARTING A BUSINESS
This coursework is segmented into 6 simple but valuable lessons outlined here beneath:
Lesson 1 Market Research & Survey
Market Research is a critical risk factor that projects the commercial potential of a new business startup before production takes place or even initiating the development phase. This is where you map out who your customers are, what optimum services they be scouting the market for, how to meet demand plus supply and exceed client expectations.
Lesson 2 Business Plan & Proposal Development
For most, if not all new startup businesses need financing and only a formal document validates any request to access funds from any financial house, bank or organization. Even established and already running businesses, with funding from a bank or investors, also need updated business plans. How do you strategically get one that archives your mission, vision and goal(s)?
Lesson 3 Organography Of Company Structure
The company’s personal liability, the ability to raise and direct stringent cash flow, the liability for tax and all documents and prerequisites including paperwork required has to be structured and is greatly influenced by it. Directors at the foremost top and with the most influential mandate bears the largest risk and responsibility.
Lesson 4 Board Of Directors Jurisdiction
Who is what, where and why? Directors are solely liable for any actions, inactions or omissions in projects and entire company financial records; hence they too can be disqualified from acting office if anything goes haywire and company start running huge loses or incur high debts with potential for shutdown.
Lesson 5 Fundraising for your Business
Funding types: Traditional funding, Angel Investors and Crowd Funding shall be carefully reviewed over options. Prospective investors always reachout for research to analyze and establish all potential risks and returns before commitment.
Lesson 6 Strategic Cash Flow Handling
The most common risk indicator characterizing a failed business is inaccessibility to funds. Gaining steady earnings and ability for business to sustain itself; aside cost and salaries is a desired long-term achievement; however, in the short run, cash flow management has to be carefully designed.
Next article, we’ll jump right into it. However, if there’s something you think might “beef up” our lesson plan, kindly drop off a comment. I’ll be reading you.
Also, for a free certificate of participation, send a formal request of purpose to [email protected]. Quickly note that only qualified Nigerian candidates will be enlisted as recipients for this international certification.