Pre-Retirement Course: Managing A New Beginning

Key Coverage Areas

DAY ONE

Life After Paid Employment – General Retirement Orientation

• State of the economy and prospects faced in retirement
• Coping with severance from corporate employment
• Choice of what to do next.

Investments

• Types of investments currently available in Nigeria
• Guidelines and advise on selecting investment types.

Can You Run Your Own Business?

• Planning a new business
• Business development process.

Entrepreneurship

• A random walk through simple businesses suitable for retirees
• The disciplines for business success
• Preparation of a business plan
• Legal requirements for business.

Nurturing a Business for Profitability

• Structure for a retiree’s business
• Marketing knowledge and selling skills to propagate the business
• Attention to the financial health of the business – capital and cash flow.

DAY TWO

How to Choose an Entrepreneurial Endeavour to Pursue

• The courage to take the leap.

Financial Information

• Capital for the business – the seed money to get started
• A sample Business Cash Flow Projection
• A  sample Profit & Loss Account.

Business Strategy 

• The art of positioning the business
• How to monitor trends to shape the business to success
• A sample business model
• How to grow the business – making the business prosper.

Selling and Marketing

• A sample sales plan
• How to reach the potential customers
• Promoting the business – publicity, website advertisements, mobile advertisements, other media.

The Product/Service Pricing Principles 

• Pricing a highly differentiated product/service
• Pricing an undifferentiated product/service
• Pricing a “Must Have” product/service
• Pricing a “Substitutable” product/service.

DAY THREE

The Retiree’s Job Description as a Business Owner 

• Managing your time as a business owner
• Decision making
• Decision implementation
• Delegation
• Managing meetings
• Paperwork.

Finding the Right People

• The art of recruiting
• Productivity culture
• Quality and safety culture.

Keeping your Company Legal

• How to go about a Partnership business, if one is being considered
• How to become a Merchant, if trading is being considered
• How to start a Production business, if manufacturing is being considered
• How to start a Service business, if service is being considered.

Locating the Business – the considerations.

DAY FOUR

Investment Guides & Strategies

• Investment specialists will be brought in to give investment orientation, current opportunities and guides to the participants.

Life in Retirement: Health and Leisure

• Ageing gracefully.
• Balancing work and health.
• Health guideposts.

Assuring Family Peace

• Preparing a will
• Setting up a Trust.