RETAIL ENTREPRENEURSHIP DEVELOPMENT PROGRAM (REDP)

OVERVIEW

The retail sector is one of the fastest growing sectors of the economy. As one of the nation’s key contributors to GDP and national employment, the retail industry provides excellent business opportunities.

Retail in Nigeria is transforming and the opportunities are immense. Typically, Retail business owners 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 a program of the Retail Academy designed for individuals who are considering starting and running their own retail businesses.

REDP is also perfect for individuals who are already running a retail business but are not really achieving the goals they set out to achieve and desires a turnaround.

They typically have many questions:

  • What can I profitably sell?
  • How do I raise capital?
  • How many staff do I need and how do I get the them?
  • 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?
  • 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!

On the other hand, the situation below may be what best describe your case:

  • I don’t know what is happening to my business.
  • I am just pumping in money and there is no commensurate result.
  • My sales staff are just stealing my goods and
  • I am thinking of closing it down.
  • What can I do? What must I do?

Whichever your case is; thinking of starting your retail business or seeking a turnaround for your retail business, REDP is the perfect program for you. It will provide you with the “how to” of starting and running a retail business or achieving that turnaround you so much desire. In addition, REDP will give you a strong foundation for developing requisite knowledge, skills and attitude for a starting and running a successful retail business or achieving your desired turnaround.

Earning a certificate from the Retail Academy therefore is an investment in your future.

Our mission is to provide you with the highest quality of education, the best preparation for your retail entrepreneurship success, and the greatest opportunity for an exciting, fulfilling and rewarding retailing life.
 

 

~ Download Brochure ~ ~ Enrol Here ~


WHY YOU SHOULD ATTEND:

At the end of the program, participants will:

  • understand what retail business they intend to go into better and whether it is the right kind of retail business for them;
  • understand the current retailing terrain locally and internationally;
  • understand the rudiments of starting and managing a retail business;
  • be able to write a winning business plan;
  • know how to win and keep customers for life;
  • know how best to source product and negotiate with suppliers;
  • know how to make product selection that resonate with the customers;
  • have the opportunity to meet with some successful retail founders and CEOs;
  • have the opportunity to participate in the Retail Academy start-up award competition;
  • gain deep industry insights from participating in a group research work;
  • 1 free consulting or coaching session with Bervidson Retail Group; and
  • become proud holders of Retail Academy 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.
  • The program is also suited to individuals already running retail businesses but desires better retail knowledge and understanding for maximum success.
  • Individuals whose retail businesses are struggling and desires a turnaround will find this program very useful
  • Unemployed graduates will find this program particularly useful in helping them find direction
  • The program will also be of invaluable benefit to NYSC members, final year students and higher institution students on holidays.

 

~ Download Brochure ~ ~ Enrol Here ~


OUTLINE

  • OVERVIEW
    • 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

 

~ Download Brochure ~                                   ~ Enrol Here ~

 

AVAILABLE OPTIONS:

  • REGULAR CLASS: 2 Months (Saturdays only).
    This is design for individuals whose time permit attending the regular class for at least 3 hours every Saturdays for 2 Months.
    1. Morning Session: 9:00 am – 12:00 pm
    2. Afternoon Session: 1:00 pm – 4:00 pm
    Fee: N200,000
  • EXECUTIVE CLASS: 1 Week (Monday – Friday).
    This is targeted to individuals who have the time to undertake a short but intensive program.
    Time: 9:00 am – 4:00 pm
    Fee: N200,000


REGISTER HERE 


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.

NOTE:
Confirmation of payment and admission will be sent to you only upon receipt of cleared funds into our account.

 

~ Download Brochure ~ ~ Enrol Here ~

 

OTHER RA PROGRAMS:

 

 

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, 803 343 4776, 809 334 4776, 808 933 8444
info@retailacademy.com.nginfo@bervidson.com,
www.retailacademy.com.ng, www.bervidsonretailgroup.com

 

 

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