Retail Entrepreneurship Development Program (REDP) – Overview & Outline

 

FROM THE PRESIDENT


Dear interested participants,

It is my great pleasure to present the 3rd edition of the Retail Entrepreneurship Development Program (REDP) designed to provide participants with a step by step guide to starting and running a successful retail business. REDP is a program of Retail Academy, Nigeria’s premier retail business development and management training academy. Since the academy’s establishment and commencement of programs in 2017, we have graduated two sets (REDP 1 & REDP 2) from the academy with great success. As we begin registrations for the 3rd set of partcipants – REDP 3), the program promises to be bigger and better. Feel free to visit the academy website for a review of past programs. It will be our honour to receive you at the academy. Welcome.


Joseph Ebata
President, Bervidson Retail Group
Promoters of Retail Academy

PROGRAM OVERVIEW
Your dream of starting a retail business can easily become a reality. It may take a lot of initial work as you start your own business, but with the right foundation, planning and support systems, anyone can achieve their goals. The Retail Entrepreneurship Development Program (REDP) is designed to provides participants with a step by step guide on how to start and run a successful retail business and/or turn around an ailing retail business. In addition, and as part of the program all participant shall receive a total of 4 hours free consulting sessions (1 hour each from the faculty members of the Academy) post program.

 

 

OUTLINE

  • INTRODUCTION
    • Welcome to Your Retail Business Journey
      • Is retailing right for you?
    • Exploring the Retail Landscape
      • Current trends in Global Retailing
      • Retail Transformation in Nigeria – Past, Present & Future
    • Types of Retail Businesses
      • Deciding the Best Kind of Retail Business for You

 

  • DEVELOPMENT OF CONCEPT
    • Business strategy (Go-to market strategy)
    • Project cost estimation & budget
    • Sourcing finance
    • Location – strategies & choices
    • Introduction to Business Plan

 

  • SET-UP & OPERATIONS
    • Legal Requirements
      • Deciding the business name
      • Business registration procedures
      • Type of business registration
      • Corporate responsibilities to stakeholders – Staff, shareholders, suppliers, host community & government
    • Real Estate
      • Sourcing a suitable property to purchase or lease
      • Purchase or lease agreement
    • Merchandising
      • Assortment planning
      • Supplier/Merchandise sourcing
      • Supplier negotiation and contracts
      • Inventory management
      • Logistics management
      • Warehouse management
    • Store Design, Layout, Fixtures & Visual Merchandising
      • Planning Your Retail Store Layout
      • Furnishing Your Retail Store
      • Display & Visual Merchandising
    • Pricing
      • Retail Pricing Strategies
    • Retail software/hardware
      • POS, inventory management systems etc.
    • Equipment Requirement
    • Human Resources
      • Company structure
      • Types of Organogram
      • Setting Company Policies
      • SOPs
      • Hiring
      • Training
      • Talent management, pipeline development & Succession Planning
  • Marketing Your Retail Business
    • Retail Marketing Mix
    • Promoting Your Retail Business
    • Social Media Marketing
    • Why You Need a Website
    • Developing Your Business/Marketing Plan

 

GROUP ASSIGNMENT

INDIVIDUAL ASSIGNMENT – WRITING A RETAIL BUSINESS PLAN

 

  • POST STORE OPENING
    • Selling in Retail
    • Customer Service & Experience Management in Retail
    • Smart Store Management
      • Setting Goals, KPIs and Metrics
      • Keeping Good Records
      • Shop floor Management
      • Till Management
      • Customer Data Management
    • Planning for the Future Expansion
      • 2nd Store
      • Additional Product Lines
    • Risk Management
      • Managing the different Types of Risk
      • Loss Prevention
      • Security & Safety

RETAIL FOUNDERS DAY
Retail Founder Visit & Experience Sharing

GROUP ASSIGNMENT PRESENTATION

INDIVIDUAL ASSIGNMENT PRESENTATION
Your Chosen Retail Business Plan

GRADUATION
Valedictory Lecture: The Winning Mind-sets of a Retail Entrepreneur

PRESENTATION OF CERTIFICATES

                                                    

                                                    

 

The Retail Entrepreneurship Development Program (REDP) Classes:

1. REGULAR CLASS (Morning OR Afternoon)

2. EXECUTIVE CLASS



 

 

PAYMENT DETAILS

Payment can be made either;

  • Online by clicking  HERE

Or

Directly pay into our bank account below:

  • Bank: FCMB
  • Account Name: Retail Academy Nigeria Limited
  • Account Number: 4779072016


Seamless Participation: 

For your seamless participation in the program, we expect all payment to be confirmed on or before resumption of classes.

 

For more information, please call, email or visit us.

For more information, call or email us, or visit our website today.

3B Hakeem Dickson Road, Lekki Phase 1, Lagos Nigeria
+234 1 291 7328, +234 803 343 4776, +234 809 334 4776, +234 808 933 8444
info@retailacademy.com.ngwww.retailacademy.com.ng
If you have no more interest in receiving this, please Unsubscribe

 

NB

Click here for your RETAIL MANAGEMENT SUCCESS WORKSHOPS

 

Leave a Reply

Your email address will not be published. Required fields are marked *