Lagos, July 6, 2016 /Knowledge Exchange Centre/--It is expected with the current economic situation that many startup businesses will spring up as a result of the high rate of unemployment and massive job losses across the country. The failure rate for startups in the first 5 years are alarmingly high, so if you are thinking of starting a business during the recession or you currently own one, you should be adequately armed with practical tips on how to survive the times.
“Entrepreneurs need practical skills to build strong businesses especially in this recession,” explained the Executive Secretary of the Knowledge Exchange Centre. “During normal economic conditions, the rate of failure for startup businesses is as high as 70% in their first year of business. One should except that this rate should even be higher now in this current economic situation. So business-owners and entrepreneurs in general must arm themselves with the right knowledge and skills to survive these times.”
The KEC Entrepreneurship Workshop is a platform where entrepreneurs and SMEs can come to get practical tips to startup and sustain their businesses beyond the recession. The event which comes up on the 12th of July, 2016 will feature Guest Speakers from Sterling Bank Plc, along with young and dynamic entrepreneurs such as John-Paul Iwuoha, founder SmallStarter.com, Olaniyi Ogunmola, founder, miBazaar.com.ng/Netroy Tech. Services Limted and Imuetinyan Igho-Osagie, Principal Consultant, iKnowAfrica Ventures Limited/ Compass World SRL.
The workshop will hold at KEC Resource Centre, No.3 Fatai Kaffo Street, Trinity Court, Behind Domino Pizza, Lekki-Epe Expressway, Lagos, from 9.30am – 1pm.
“The event which is a special feature of the KEC Entrepreneurship Training Programme will challenge Nigerian entrepreneurs to build long-lasting businesses not only to save the Nigerian economy for the now but for generations yet unborn, ” Ms. Glover went on to say.
The workshop will address issues that bother entrepreneurs and startups such as, access to finance, how to start a business with little or no money, how to avoid common business mistakes, low cost digital marketing strategies and how to overcome tough business challenges. The event will also provide a network platform to help small business-owners connect with people and institutions who are able to provide them with valuable resources to grow their businesses.
Members of the public are welcome to register for the event by sending their details to firstname.lastname@example.org. For more information, visit the organisation’s website at www.knowledgeexchangecentre.org.