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Best Business Schools For Aspiring Entrepreneurs

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When you acquire useful business administration/management knowledge and add this to your skills, you are unequivocally bound for the top of the game in your chosen business line. This is the more reasons it is advisable to go to one of the business schools that teach the basic business administration/management skills before or after acquiring the basic skills of a business. You can never be wrong to go to a business school.

I have noticed that a larger percentage of entrepreneurs with a form of formal education are always different from and perform comparatively better than those without any form of formal education. Therefore, to boost your game in entrepreneurship and up your ante as an entrepreneur, it is advisable for you an aspiring entrepreneur to get a formal education to upgrade your skills.

If you don’t know why you should go to Business School as an aspiring entrepreneur, then I advise that you should get that settled first before proceeding to the rest of the article. Why would you want to learn about available Business Schools in Nigeria when you don’t even know why you want to attend one in the first place! Well, I guess you know why already. But if you don’t, I have compiled a full guide that lists and explains 10 key reasons why you should go to Business School as an aspiring entrepreneur. You can get the full guide here.

In this article, I share the best business schools in Nigeria for aspiring entrepreneurs.

A business school is tertiary institution that offers a university degree equivalent certification upon competition of a training in a business-related courses.  The courses you can offer at a business school include Business Administration, Business Management, Business Strategy, Finance, Management Related Courses and Customer Relations related courses. The length/duration of the courses varies with the courses offered although they all share the in-depth knowledge in business. This is the more reason why you should enroll in one of these courses today.

best Business Schools in Nigeria to attend

Best Business Schools For Aspiring Entrepreneurs

There are various business schools in Nigeria and I will be sharing the best of them with you in this article. The sprout and growth of the various business schools in the country currently is largely supported by the large population of Nigeria. Being the most populous country in Africa, Nigeria offers so many great opportunities for business making the establishment of business schools a beautiful idea to investors. Doubtless, these business schools have aided the growth of businesses in Nigeria.

Below is a list of best business schools in Nigeria, their offer packages and locations:

(1) Lagos Business School

Lagos business school was established by the renowned economist, Pat Utomi. It is a graduate business school of pan-Atlantic university officially owned by Pan Atlantic University Foundation. Over the years, Lagos business has been rated the best business school in Nigeria. The school offers different categories of courses for aspiring entrepreneurs which ranges from executive courses to basic business courses like Business Decision, Business Administration, Finance, Accounting and so on.

Lagos business school is really a good and reputable business school that suits all business styles. Due to the increasing trend in the digital world, they have introduced online courses for people/businesses which cannot be on ground physically for studies. This implies one can get a business degree online from the school from the comfort of his/her home.

(2) Business School Netherlands, Nigeria

Business school Netherlands, Nigeria was established in the year 2003 in Ikeja, Lagos State Nigeria. It is different from other business school because it is managed by foreigners. Its uniqueness is due to the fact that the school offers its students the opportunity to study at a lower rate especially if you are a Nigerian. Besides, the school teaches both the theoretical aspect of business and the practicality of business theory. Since their establishment in August 2003, they have made great effort in improving the business world in Nigeria.

(3) Executive Business School

Executive business school is one of the top business schools located in Nigeria. It was founded in 2007. This business school is unique because it is internationally affiliated to some schools oversees for example in Europe and the United Kingdom. Executive business school offers courses at both the undergraduate and postgraduate levels e.g. Masters and doctorate degrees. They offer various courses in different spheres of business world e.g. Finance Accounting, Business, Information Management, Business Law and so on.

(4) African Business School

There is hope for aspiring entrepreneurs who want to gain knowledge and improve their skillset in Nigeria. African business school is a good choice business school located in Gwaripa Estate in the Federal Capital Territory (FCT), Abuja. The school was established in the year 2000 and is not only affiliated with international institutions but national institutions also. They offer great courses in Business, Management, Finance, Accounting, Banking Studies, and Public Administration. The school is also known as Centre for Management Development. The courses offered in the school help to shed more light not only on business but also in the cooperate world.

(5) The Delta School Of Business And Technology

The Delta School of Business and Technology is located in Warri in Delta State, Nigeria. The school offers various courses ranging from Business Management to Business Technology. Besides, they offer skills acquisition training for undergraduate and unemployed graduates respectively. It is unique school to study because they offer both business knowledge and practicable skills at the same time.

(6) GPE Business School

GPE Business School is a known business school located in the south-eastern part of the country. The school which was founded in 2007 is located in Enugu State, Nigeria. They are unique because they offer free training for their best candidates that shows dedication to their work. They offer intense practical and research of/in business. The school teaches business education that helps to prepare aspiring entrepreneur for the business and cooperate world. They offer not only Undergraduate studies but also Postgraduate studies in various business courses.

(7) Integrated Business School

Situated in the northern part of the country, Integrated Business School was founded in the year 2000. It is one of the best business schools for aspiring entrepreneur who live in the northern part of the country. Specifically, the school is located in Kaduna state and has been officially accredited by the National Universities Commission (NUC).

(8) Kaduna Business School

Kaduna Business School is a known Nigeria business school situated in Kaduna State, Nigeria. The school encourages innovative thinking among aspiring entrepreneur. They offer Business and Management Courses respectively and also train aspiring entrepreneurs for managerial roles. They teach professionalism and leadership in the business and cooperate world.

(9) West African Business School

The West African Business School operates in Nigeria and Ghana. It is located in Ikeja, Lagos State, Nigeria. This school was founded in 2002 to provide the best knowledge for Business Managers and Public Administrators. Also, this school helps to train business men and women in skills training and development as well as business education. Besides, The West African Business School offers world class Undergraduate and Graduate courses in Business Administration and Management. It is one of the best business schools in Nigeria as evidenced in their laudable past records and the world class training offered in the institution.

(10) Bowell Business School

Bowell Business School is one of the best of business schools in Nigeria. Like The West African Business School, this school is also situated in Lagos State with another branch in Akure, Ondo state. The school delivers the best entrepreneurial and General Management education which helps to develop both Business and Management skills. They also deliver online training programs.

Conclusion

Attending a business school (in Nigeria) as an aspiring entrepreneur is one of the best things that you can do for yourself today. The knowledge and skills that you gain from the training that you undergo in any of these schools can help you to top your game and increases your chance of success in the entrepreneurship world. Make your thorough research on the different business schools I mentioned here today and pick the one of your choice. Best still, visit any of their physical offices for enquiries. No knowledge acquired is a waste.

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Ekemini Ekpo is a professional writer, blogger, and internet marketer. He is passionate about engineering, business, investment, entrepreneurship, finance, and personal development. When he is not managing web projects, he handles academic research writing and data analysis for individuals and organizations.

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A Brief Analysis Of The Nigerian Paint Industry

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For decades, Paint manufacturing companies have long been in operation in Nigeria, mostly as subsidiaries of foreign paint companies. As time passed, however, indigenous paint industries sprung up and completely bought over the shares of these foreign firms and continued to expand with every passing year. Several technological advancements have been witnessed since then, with the Nigerian paints industry contributing a significant quota to Nigeria’s economy and employment scheme.

The existence of paint manufacturing companies in Nigeria dates back to as early as the nineteen sixties. Recently, there has been a high demand for paint due to the increase in construction of buildings for private and commercial purposes. This factors thus makes the paint industry a profitable one to invest in.

An Analysis of the Nigerian paints industry

A Brief Analysis Of The Nigerian Paint Industry

A Brief Analysis Of The Nigerian Paint Industry

It has been estimated that the about 128 million litres of paints are consumed in Nigeria within a year. In the year 2012 alone, the Nigerian paints and coatings industry was estimated to be worth about $200m. this grew to about $218m by 2013, signifying an estimated 9.01% growth rate.

There are two major components of the Nigerian paints market. Lack of sufficient access to funds and technical imbalances needed for the production and management of industrial coatings constitutes a major yardstick for distinguishing between the industry players. The first sector is the organized sector which comprises of companies possessing sufficient capital and efficient distribution system.

The second sector is the decorative paint sector, which houses both the organized and unorganized players. This component does not need advanced technological inputs. With a good governmental backing, it is quite easy for new entrants into the Nigerian paint market to thrive in the system.

This sector is dominated by about 5 key companies, each of which’s annual revenue is estimated to exceed $7m, with several other small and medium-scale companies scattered across the country.

So, as it stands, the decorative sector of the Nigerian paints industry accounts for about 60% of the total sales volume and/or value. The industrial coatings segment of the market, on the other hand, is said to constitute about 40% of the total sales volume and 29% of total production volume.

As Frost & Sullivan report, in 2012, the decorative paints & coatings sector of the Nigerian paints industry was said to possess a significant synergy with the real estate industry and estimated at 71% of the overall volume of coatings and pains in the country.

Nigerian paint industry Regulatory Bodies and Associations

The regulatory body for the paint industry in Nigeria is the standard organization of Nigeria (SON).

They are entrusted with the responsibility of ensuring that all manufacturing industries in Nigeria are duly certified, their products are safe and guarantee maximum consumer satisfaction through compliance with government policies.

SON encourages healthy competition amongst manufacturers and also give room for continuous improvement on quality of manufactured products.

Paint Industry Manufacturers Association of Nigeria (PMA)

Asides SON, another regulatory body in the paint industry is the PMA. PMA caters to the welfare of the Nigerian paint industry. It is headed by a chairman and serves as a voice as well as a monitoring body for paint manufacturers in Nigeria.

PMA caters generally for issues bothering on productivity and development of the industry. In 2016, an exhibition was commenced which now holds yearly.

The exhibition which is centered on annual raw materials, equipment and painting show held on the 23rd of October and was tagged “PMA Nigeria Coating Show”.

The event had exhibitors from the United Kingdom, Germany, Greece, Turkey, South Africa and India in attendance. The major aim of the exhibition is to develop strategies on how to handle the issue of high cost and scarcity of raw materials for local production which is a major challenge faced in the industry and to promote paint Technology by sourcing for local contents.

PMA (Paints manufacturers association of Nigeria) functions collectively with SON (standard Organization of Nigeria) to guarantee an acceptable global quality standard for manufactured products.

Challenges and Prospects of the Nigerian Paint Industry

These include:

1)     NEGLECT BY THE GOVERNMENT

The paint industry is one of the most neglected in Nigeria. There are no incentives provided and routine checks are not always carried out. This, in turn, puts a restriction on the percentage of the paint industry’s contribution to the gross domestic product of the country.

Also, the lack of an efficient regulatory system increases the emergence of new industries which lead to a decline in the standard of products manufactured.

2)     ACCESS TO FACILITIES

This can be said to be a major limitation for investors in the industry. These facilities include: constant power supply, access to funding, unavailability of raw materials, lack of proper facilities for certification and test purposes.

Prospects of the Nigerian Paint industry.

These include:

1)     QUALITY CONTROL

Due to the effort of the Paint Manufacturers Association of Nigeria and the standard organization of Nigeria, the quality of paint produced has improved tremendously.

2)     HIGH DEMAND

The increase in demand for paints is as a result of the increase in building construction in the country which has also helped the sustenance of the industry.

LIST OF PAINT INDUSTRIES IN NIGERIA

Paint industries in Nigeria include:

  1. Premium paints,
  2. Dulux Paints,
  3. Meyer paints, Berger paints,
  4. IPWA,
  5. Nigerian German Chemicals,
  6. African Paints
  7. CAP Plc.

I hope we have made your search complete.

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How to Pitch Your Idea to Investors in Nigeria

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Are you an entrepreneur in Nigeria with a business idea that you want to pitch to investors? But you don’t have the finance to invest in the business and the only option left is to look for investors in Nigeria who would love to invest? Read this simplified guide to learn how to pitch your idea to investors in Nigeria in a professional way.

You see, Nigeria is a country with many people with money that don’t know what to do with it. A large chunk of these people will be very happy to invest their money in places that will bring them maximum profits or a good return on their investment. Having the opportunity to meet this class of people (i.e., angel investors) to share your business idea with is one problem.

Here’s what you should know…

You see, it is one thing to have a good business idea, but a completely different thing to know how to pitch it to potential investors. You need the skills of how to convince potential investors within minutes to invest in you, because if you don’t know how to do it professionally, investors won’t be able to understand what you’re trying to relate with them or how best to help you.

The importance of rehearsing your pitch is one thing I can’t stress enough in pitching potential investors in Nigeria. As an entrepreneur, you might think that you know your business in and out, and that when it comes to pitching it to investors, it will be easy just like singing the National anthem (is that even easy?). Well, this is not always the case most times. Cases abound where entrepreneurs freeze in front of investors while pitching, and ramble on and on. Many entrepreneurs don’t put the same effort they used in preparing their business plan to pitching their plan to investors. As such, you should take the time to acquire the needed skills of business idea pitching to pitch your business idea to investors in Nigeria with ease.

How to Pitch Your Idea to Investors in Nigeria

How to Pitch Your Idea to Investors in Nigeria

How to Pitch your Idea to Investors in Nigeria.

1. Start with a story, end with your solution

If you can relate your story to the problem you are solving in the market place, then do it. Nothing engages people better than a good captivating story. Start your pitch with a story that will catch your audience or investor’s attention, the complaint and address it to how your business idea will be the solution to the problem in your story.

So, don’t just keep talking about the problems all day, pitch your idea by showing potential investors how your product or service will solve the hungry market’s problem. Make it easy for the investor to understand how you plan to execute the solution with your idea.

2. Niche down to the exact market you are targeting.

Every product, service or business idea has a specific market it is made for. Don’t lie to investors saying that your product or services is for everybody on earth. It is too broad. Everybody is no market. Tell your investors the market needs your idea is meeting.

3. Analyze Your competitors

A quick analyses of your potential competitors is very important as every business has a competitor even if the competitor is located far away in another continent. Tell the investors how different your business model or approach to solving the problem is from that of your competitors and how much market share you are likely to take if your idea comes to the limelight through their support.

4. State the exact amount you need

Don’t beat around the bush about the exact amount of money you need to fund this idea. Tell investors the exact amount of money that will be required to fund the business idea to success, as well as how much have been invested (if any). Also, give a detailed breakdown of why you need the exact amount you have stated and the intended outcome of the money too. You can do this using slides, charts, tables, diagrams, etc.

These are few tips to know on how you can pitch a business idea to investors in Nigeria. I hope with this  information, you have gained clarity on how you can pitch your idea to investors in Nigeria. Go ahead and put it into practice.

If you have any questions on this topic or a related on, let me know in the comments box below.

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5 Ways to Spot Exceptional Employees in Nigeria

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The Nigerian labor market is very flexible with a skilled, low labor cost, highly motivated, and productive workforce. High level of education and efficiency are common factors for spotting exceptional employees. Besides, exceptional employees are easily self-motivated and self-managed.

Another important factor used for distinguishing an exceptional employee is the personality of the employee. This informs why some people are more successful at work than others? Travis Bradberry of Forbes magazine stated that following a research done around 2016, it was concluded that the key to exceptional performance is in the personality of the employee. Bradbery (2016) stated that the results indicate that “78% of leaders consider that personality distinguishes great employees, much more than cultural adjustment with 53% and even the skills of an employee (39%)”.

However, the qualities that the leaders pointed out as part of the personality are those of emotional intelligence. Unlike personality (which never changes), emotional intelligence can be transformed and improved. So executives don’t need to look for employees who have these skills. His duty, and also that of the company, is to help the entire team to enhance their emotional intelligence to become exceptional.

In essence, a typical team does all of its planning to achieve goals, with minimal intervention from management. Exceptional employees are also known to be healthily self-critical, with a willingness to learn and a commitment to making improvements both in production and performance.

It is clear, therefore, that the key indicators of exceptional employee are high level of education, efficiency at work, self-motivation, self-management, great personality, and emotional intelligence.

However, how can we see these playing out to determine how exceptional an employee? How does one spot the level of education, efficiency at work, self-motivation, self-management, great personality, or emotional intelligence of an employee? It is by observing if the employee has the following characteristics before and after employment.

Exceptional Employees in Nigeria

Spotting Exceptional Employees in Nigeria

5 Ways To Spot An Exceptional Employee.

 Exceptional employees may be spotted using the 5 indicators below:

(1) The Employee Is Willing To Delay Gratification.

Exceptional employees work outside the range of job descriptions. Rather than expect recognition or compensation to come first, they move forward in their work, confident that they will be rewarded later, but they don’t worry if they aren’t.

(2) Exceptional Employees Tolerate Conflict.

While exceptional employees don’t seek conflict, they don’t run from it either. They can maintain their composure while presenting their positions calmly and logically.

(3) Exceptional Employees Are Focused.

Exceptional employees are not distracted by grumpy customers or disputes in the office. Rather, they know how to detect the important issues and that is why they stay focused on what matters.

(4) An Exceptional Employee Is Judiciously Brave but Courteous

An exceptional employee is willing to speak up, ask a difficult embarrassing question, or challenge an executive decision. Besides, an exceptional employee chooses the best time to do act and thinks before speaking.

(5) Exceptional Employees Control Their Ego

While the ego is part of an exceptional employee’s drive to constantly improve, they never overdo it. An exceptional employee admits when he/she is wrong and agrees to do things differently with or without correction.

Becoming an exceptional employee is a skill, an art that can be learned and practiced to efficiency. One of the ways to become an exceptional employee is to establishing open and trustworthy lines of communication with the management and co-workers.

Besides, the Human Resources (HR) department has a role to play in the building of an average employee into an exceptional employee. Rather than dismiss below average or average employees, the Human Resources (HR) team can deploy technology to improve their integration with the entity’s values. In this sense, e-learning, for example, can have great value in developing courses that convey to that person what it means to work in that company and what it contributes to society.

Another mechanism that may be used to is improve an employee’s performance is proper mentoring, that is, involving some of the people with the best reputation and knowledge within the organization to protect and accompany the toxic worker, giving them advice and offering advice whenever they need it. In this way, individual attitudes can change, although care should be taken so that it does not in any way cloud the relationship between the company and the staff.

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