SEMINARS/ WORKSHOPS

Retail Entrepreneurship Development Program – REDP

Overview

Retailing is one of the fastest growing segment of the economy. As one of the nation’s contributor to GDP and national employment, the retail industry provides excellent business opportunities. Retailing is big business. The owners typically are people who love retail, the hard work and details that come with it. They love what they do. They love what they sell, make a good living and enjoy their living. Maybe it is a lifestyle for you.

Retail Entrepreneurship Development Program – REDP is designed for individuals who are considering starting and running their own retail businesses. They typically have many questions: What can I profitably sell? What are the start-up costs like? How much will the store make? How can I serve the different types of customers? How can I ever compete with already established retailers? How do I set my prices? What are the possible problems that I may encounter and how can I overcome them? How do I raise enough capital to run my retail operation? Where will I source my products? Where will I source equipment and which equipment are the best for my type of retail business? Should I sell online? Questions, questions, questions!


What Will You Gain

At the end of the program, participants will:

  • Understand what business they intend to go into and whether it is the right kind of retail business for them
  • Understand the current retailing terrain locally and internationally
  • Understand the rudiment of starting and managing a retail business
  • Write a business plan that win
  • How to win and keep customer for life
  • How to make product selection that resonate with the customers
  • How to source product and negotiate with suppliers
  • Have the opportunity to meet with some successful retail founders
  • Have the opportunity to gain handholding support of a mentor for 6 months
  • Opportunity to participate in the Retail Academy start-up award competition
  • Become a proud holder of RA certification.


Who Should Attend

The Program is open to the public.  Anyone interested and intending to start and run a retail business with the goal of maximum success as well as those whose retail businesses are struggling and desires a turnaroud in their retail business operation.


Outline

Welcome to Your Retail Business Journey

  • Is retailing right for you?

Overview of Retail and Retailing

  • Current trends in Global Retailing
  • Retail Transformation in Nigeria – Past, Present & Future

Basic Kinds of Retail Businesses

  • Deciding the Best Kind of Retail Business for You

Simple Steps for Starting Your Retail Business

Making the Plan

  • Planning for Success
  • Writing the Business Plan

Location

  • Selecting the Most Suitable & Profitable Location

Financing Your Retail Business

  • Possible Sources of Financing for Your Retail Business
  • Accessing the Funds

Setting Up Your Retail Business

  • Logistic of Retail Business Start-Up
  • Business Structures
  • Legal Requirement
  • Basic Law & Business
  • Basic Tax Management
  • Basic Accounting & Financial Management
  • Different Types of Organogram
  • Policies & Procedures
  • Developing Your Retail Business Website

Store Design, Space Planning & Fixtures

  • Planning Your Retail Store Layout
  • Furnishing Your Retail Store
  • Display & Visual Merchandising

Inventory, Supply Chain & Logistic

  • Merchandise sourcing and Buying
  • Merchandise & Assortment planning
  • Merchandise Replenishment
  • Supplier Management
  • Logistic Management
  • Warehouse Management

Human Resources

  • Hiring valuable and profitable Employee
  • Training Employee

Equipment

  • Sourcing & negotiation

Retail Technology

  • Selecting the Right Retail Software for Your Retail Business (POS and others)

Pricing

  • Retail Pricing Strategies

Marketing

  • Promoting Your Retail Business
  • Retail Marketing Mix

Selling in Retail

Customer Service in Retail

Retail Customer Experience Management

Smart Store Management

  • Setting Goals, KPIs and Metrics
  • Keeping Good Records
  • Shop floor Management
  • Till Management
  • Inventory Tracking & Management
  • Customer Tracking & Management

Risk Management

  • Managing the different Types of Risk
  • Loss Prevention
  • Security & Safety

Selling Merchandise Online

  • Online Retail Opportunities
  • How Online Stores Operate
  • Building Your Online Store
  • How to Profitably Compete

Planning for the Future

  • Expansion
    • 2nd Store
    • Additional Product Lines

Retail Founders Day

  • Top Retail Founders Visit & Experience Sharing
  • Group Business Plan Presentation
  • Retail Business Start-up Competition

 

Investment Fee: N100,000 (Fee covers lunch, lecture materials, excursion and internship).


Time:
9am – 4 pm


Duration
: 1 Month (1 day per week)


Venue:
Bervidson Training Centre  (3B Hakeem Dickson Road, Lekki Phase 1, Lagos)

 

Method of Enrolment: Open Enrolment Here


Payment Details

  • Acct. Name: Bervidson Consulting Ltd
  • Bank: FCMB
  • Account No: 3432812015

pay online: www.retailacademy.com.ng/registration.php

 

For More Information, Please Visit: Retail Academy

 

About Retail Academy (RA)

RA is dedicated to preparing and inspiring discerning individuals for successful careers in retail and is a member of Bervidson Retail Group.

 

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