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Business Development Seminar @ Gospel Light Redemption Church Karu, Abuja Basic Requirements for Building an Enterprise On Saturday 27 th September, 2008. Onyemalu Chinenye, ACA Chief Executive Officer [CEO] African Entrepreneurial Development Initiatives [AEDI]. Discussion Outline.
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Business Development Seminar@Gospel Light Redemption Church Karu, AbujaBasic Requirements for Building an EnterpriseOn Saturday 27th September, 2008.Onyemalu Chinenye, ACAChief Executive Officer [CEO] African Entrepreneurial Development Initiatives [AEDI]
Discussion Outline • Definition of Terms • Requirement Listing and discussion • Conclusion • Questions and Answers
Definition of Terms • Requirement : Something that you need or must have in order to do something. • Building: To make something by putting parts together. • Enterprise: A business organisation that makes money by producing or selling goods or services
Basic Requirements for Building an Enterprise • Leadership Skill • Financial Knowledge • Management Knowledge • Marketing Knowledge • Understanding of the Law
Leadership Skill Who is a Leader? Is a creator A catalyst What is Leadership? Ability to create a compelling vision, translate it into action and sustain it
Leadership Skill … • Leaders are strategy drivers of companies. They identify • The Enterprise’s Vision • The Business Strategies • The Consciousness of the Enterprise eg compensation to staff • The end game i.e. the expected result
Financial Knowledge • Understanding of the Cashflow system • Savings • Expenditure Control • Investment • Entity Concept • Profit and Loss • Balance Sheet • Financing • Debt Financing • Equity Financing • Partnership etc
Marketing Knowledge … • Market analysis • Target Clients/customers • Changes in the market • Identify your customers needs • Competitive analysis • Identify your key competitor • Analyses your Enterprise SWOT
Management Knowledge … • Business strategy and the implementation procedures • Product development and packaging • Promotion, Pubicity • Operations • Key personnel • Organizational structure • Customer service support
Understanding of the Law • Protection from law suit • Tax savings
Conclusion • For every promise, there is a process. For an Enterprise to succeed there is a process to follow. Are you ready?
Thank you for ListeningOnyemalu Chinenye ACAChief Executive Officer [CEO] African Entrepreneurial Development Initiatives [AEDI]0805 543 6097, 0806 926 1950www.aediworld.orgaediafrica@yahoo.comoby_ije@yahoo.com