The SME Factory (SMEF) – this is an enterprise development center for providing knowledge, education and training to existing and prospective Entrepreneurs, Start-ups, Young & Women Entrepreneurs as well as the work force of various enterprises for the development of better business activity and sustainable growth.
We are here to help you take-off, grow and sustain your business.
What stage of the business growth cycle are you at?
- The Modular Start-up
The Modular Startup looks at helping identify and establish a minimum take-off requirement, the increase in capacity and size of a business in response to the dynamics of the business environment and market demand for any business idea you have.
It will help you break down your large idea into smaller components and model each component as a stand-alone and self-sustaining opportunity, focusing on specific elements of the organization process and business model in order to optimize efficiency and maintain sustainability.
The modular startup process helps to achieve lower market entry cost and gives room and opportunities for recalibration, innovation and upscale. The cost of setting up a business adopting a modular strategy helps identify avoidable costs and wastes early while achieving a better bankable business idea.
- SME success toolkit
Are you thinking of launching your business idea? What a minute, have you considered all the basic check-boxes. Our SME toolkit class will help you identify and learn the key tools and tips required, whether you are just deciding on your business model or want to expand and grow existing business(es).
This course will focus on:
- Strategy for starting a business
- Writing a business plan
- The character of a successful entrepreneur.
- Financial planning
- Operations management
- Project management
- Getting finance
- Cash management
- Managing people
- Enveloping a winning strategy
It is inspiring to win at anything worthwhile, to do however, you need a game plan. A winning team know this, and this idea applies to your business idea, organization, your department, your team – and even to yourself as an individual.
What makes you a success is knowing how to use your talent and resources to best advantage, and it’s very difficult to “win” if you don’t have this game plan in place.
Profit focused organisations today, for which competition and profitability are important, your goal and approach to reaching them will defer based on the business environment and robustness of your strategy.
This course is designed to help you identify the winning strategy for business development and growth.
- Business ethics and corporate governance
A firm’s success is directly influenced by the ethical behaviour of its employees and the controls established by management in dealing with the company. Abiding by good business ethics and corporate governance is the foundation for earning and keeping the trust and loyalty of customers. Nothing is more important to a firm’s future than customer trust. Once it is lost, trust is very difficult to win back.
Promoting a high level of business ethics within your company is good business.
Our Business Ethics and corporate governance training course covers the importance of ‘doing the right thing’ and behaving ethically in a business context.
- Digital business
In today’s business environment, digital business strategy is no longer an optional issue for traditional companies that are battling tough competition in a fast-changing corporate environment. Having a digital business strategy is essential for organizations to flourish in an age when digital technologies have transformed the marketplace and given rise to new business models.
Our digital business course will expose you to the current trend and future state of digital evolution. Some important topics will include; robotics, artificial intelligence (AI), blockchain technology etc.
- Business management essentials
SMEs across every industry are facing complex organizational challenges that require the rapid upscale in business knowledge and agile leadership. Emerging leaders must quickly learn and deploy core management skills, develop a broad strategic perspective, take their leadership skills to the next level, and expand their professional and personal networks.
Our course will help you to develop a firm understanding of the core business areas every manager should know. Some of the topics may include, but are not limited to:
• Build organizational and team management skills
• Power of collaboration and presentation skills
- De-risking the “high risk” in SME business.
It is no gain saying that many SMEs pursue several major, “great-hope” ideas or projects without proper evaluation of the critical success factors. The unfortunate reality is that many of these businesses, ideas or projects could either be killed much earlier or rescued through early intervention.
This course will take you through the processes of evaluating your business and associated risks and designing applicable mitigation solution.
- Mobilizing funding for your business
Statistics show that over $30billion in funding gap exists in the Nigeria SME sector and available intervention funds are no where close to closing the gaps.
This situation leaves a business owner with the option of making his business, idea, or project bankable to attract/qualify for the scare funds.
This course will take you through the rudiments of business finance and particular attention to the some theories of financing that has evolved over the years, including the popular “pecking theory”.
Some of the key highlights will include:
- Resource Mobilization for Startups
- Types of Resource Mobilization for Startups
- Funding structure/strategy
- Preliminary Contracts with the Vendors, Suppliers, Bank¬ers, Principal Customers
- Contract Management
- Fund management.