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Building and Sustaining a Successful Enterprise

Building and Sustaining a Successful Enterprise

First Run Dates

17 Jul -

21 July 2023
Second Run Dates

11 Sep -

15 September 2023
Third Run Dates

16 Oct -

20 October 2023
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Why you should attend

Governments around the world are using entrepreneurship training to build and improve capacities of their people to engage in productive ventures. It is increasingly becoming a tool in the creation of micro and small enterprises. The notion of engendering greater entrepreneurial activity has become a prominent goal of many national governments. Enterprise development therefore is fast becoming a medium through which self-employments are created in many countries. Globally Micro, Small and Medium Enterprises (MSMEs) contribute between 40-55% of GDP and 50-80% of employment. The World Bank states clearly that the labour intensity is 4 to 10 times higher for small enterprises thus this is where jobs are created. In Nigeria, Micro Small and Medium Enterprises (MSMEs) contribute 75% of total employment in the country, which is higher than the global average of 50% (National Enterprise Development Program (NEDEP). This consequently shows the significance this sector has on job creation and therefore the need to build and sustain micro, small and medium enterprises accordingly. This recent upsurge of interest in enterprise development has led to a host of supportive policy interventions aimed at promoting micro and small enterprises development in Nigeria. These interventions range from credit facilities, grants, development programmes and strategies, establishment of training institutes and many others. Through enterprise development, people can earn a living and rise out of poverty. Studies have shown that small enterprises have potential for enhancing job creation through establishment of industries and initiation of commercial enterprises. In turn over time they create jobs as well as empower other individuals and the communities in which they live. Another argument in favour of supporting the small and micro enterprises development is that it may serve as an entrepreneurial ‘seed bed’, with entrepreneurs graduating to run the larger industries. Such a seed bed might be particularly important given the role of entrepreneurship in economic development. The need to increase the supply of entrepreneurs or adding to the stock of existing micro, small, and medium enterprises available to a country by creating and promoting innovative enterprises, nurture them to growth and sustain them as observed, requires development of capacities of its people. This is with a view to achieving broad socio-economic development goals. Also, failure rate of micro and small enterprises resulting to early closure of businesses is alarming and raises concern for both policy makers and the general public. Thus, this training will offer participants the opportunity to brainstorm on strategies for building and sustaining Micro, Small and Medium Enterprises (MSMEs), identified value proposition and tailored value chain and getting funding for growth initiatives.

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