May 20, 2019 – Treasured Entrepreneurs Association (TEA)

Entrepreneurship skills acquisitions is the key to unlocking poverty and creating wealth…..*RECAP OF THE SEMINAR ON THE “TREASURED ENTREPRENEURS ASSOCIATION” TEA HALL OF WEALTH GENERAL ACTIVE GROUP PAGE 1 & 2 WHICH WAS HELD ON THE 26TH DAY DECEMBER 2016*

🎤SPEAKER/FACILITATOR/DISCUSSANT

🗣MR SHOLAJA BABATUNDE

👉🏼THEME:

❤ *FISH FARMING BUSINESS IN NIGERIA*

💚 *HOW TO MAKE/EARN MONEY THROUGH FISH FARMING*

Good Evening Ladies and Gentlemen

Fish Business is a very lucrative business especially now that our government is turning to Agro business…

Fish Farming have 2 major subdivision

It could either be operated separately or as an integrated process…

The two subdivisions are Nursery and Grow out pond operation..

The Nursery Operation stand as the basics for the grow out operation..

The Nursery involve the inducement of the female fish to lay eggs which are later fertilize and hatched into fishes which are known as fries….

These are then nurtured for 3 to 4 weeks into fingerlings..

These sizes are suitable for use in the grow out operation.

Nurturing of these fingerlings to 3-4 weeks could grow into post fingerlings and juvenile…

For the purpose of this seminar we shall only discuss about the grow out stage…

The grow out stage popularly known as table size fish are suitable for sales and consumption….

The fingerlings and juvenile when matured for 4 or 5 months grow into table size or grow out stage…

Types of pond that can be use for grow out are:

Recirculatory system,concrete/plastic/wooden pond and earthen pond…

Materials needed are:

Land with good drainage system,water supply,which must be borehole, tank for water reserve,standby generator and record book….

The most common cat fish found in Nigeria are Clarias,gariepinus, and heterobranches…

FEED?

The most important factor for fish farming is the operating cost (feed)…

The types of feed been use at any particular time is the function of size of the fish been fed…

What you feed is what you get when it comes to feeding…

Another thing to be considered is the size and type of pond used..

Cultivating tanks are however limited in sizes and fixed..thus limiting the cat fish farmer to stocking tanks with a restricted number of fishes for best result..

African catfish usually takes an average of 5months to reach table size…

At this stage they usually have attained an average weight of 1kg..the weight attained by catfish after 5months however varies depending on a number of factors that may include…

Quality of fingerlings used,quality of feeds,water management, quality of and absence of disease,stocking of density among others…

It is not uncommon to have fish weight up to 1.5kg after 5 month…

Aim of every fish farmer is to breed fish to 1kg body weight more in the shortest possible time,usually between 4 to 5 months if properly done…

Unit prices for table size fishes are between #650 and #700 per kg at the farm gate…

One gets more profit if one operates a market outlet to cut off shylock middlemen..

The cost unit price for table size are btwn #380 to #400..

Feeding catfish:

While you are in a hurry to start reaping the profit from catfish cultivation,be prepared beforehand for the challenge of feeding the fishes…

Catfish can be fed once or twice in a day.
Excessive feeding of fingerlings increases the cost of rearing catfish and thus results in wastage as this may only result in marginal growth increase…

Feeds are also a primary source of pond water pollution and excessive feeding could constitute water management challenge..

Thus the catfish farmer needs to strike a balance between feeding and water management..

There are several subjective formular used to determine an appropriate feeding programme for fish..

One is to provide as much feeds that fishes can finish in 5-10 minutes.This can then be used as the quantity of Feed needed for “Satiation”

Using this formula, catfish can be fed for just once in a day…

A challenge however would be to access sources of such local feeds as most parts of Nigeria are filled with the expensive imported feeds…

I believe that with all these explanations made so far a business oriented personal would have gained useful lessons from this seminar…

In a nutshell I would advice my fellow brothers and sisters should embark on this fantastic money making venture for the betterment of our country……

Thanks for your indulgence….

👏🏻👏🏻👏🏻👏🏻👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼

👉🏾Admin observation :

I am particularly inspired by this fantastic facilitator and speaker as he is a school proprietor but he had to diversify his business acumen to create and generate wealth to enrich himself….

👉🏾Admin Quote:

Entrepreneurship skills acquisitions is the key to unlocking poverty and creating wealth…..

http://*Seminar Recap On The Treasured Entrepreneurs Association TEA Hall Of Wealth General Active Group Page 1 & 2 Held On Wednesday 20th Of February 2019*

👉🏼Theme:

❤ *Technology And Entrepreneurship*

💚 *How To Incorporate And Use Technology In Driving Small And Medium Scale Business*

🎤 Speaker/Facilitator/Discussant

🗣Mr Kadiri Gboyega….

Good evening colleagues and forward thinking members of TEA foundation
It is indeed my pleasure and honour to be going through this seminar with you.

As earlier announced, we shall summarily be looking at how to incorporate and use technology to drive our SMEs.
We shall make this as interactive as possible.

When we hear the word, Technology, what comes to mind??????
One big electronic gadget that uses electricity or battery ba?

Well, technology actually refers to methods, systems and devices which are result of scientific knowledge being used for practical purposes.

Any method or system that makes your work easier and can be scientific in nature is technology.

So, our aim is to make our SMEs easier and more profitable
Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand.
It is evident that the impact of technology on our day to day lives and our businesses has grown exponentially over time

So, why should entrepreneurs incorporate technology in their business?

1. *COMMUNICATION*

Good communication is necessary to allow efficient flow of information in a business
Technology provides multiple channels for businesses to communicate both internally and externally

Does anyone agree that customers have moves on to modern gadgets???
Let me recoin the question, where do we get more customers today?
Street?
Online?
Neighbors?
Are we still awake?

Good, I think the survey result is obvious.
The customers are moving toward technology, so should a good entrepreneur

2. *Cost Reduction*

Initially, it always looks as if technological innovations are expensive, but in the long run, they are very effective and cost reducing
One of the major components of SME expenditure is labour cost.
This includes staffing for core and support staff.

For small businesses, the ability to outsource support functions remains key

Functions such as secretarial, accounting, data entry can be outsourced to a virtual assistant
I hope we're still following?

Bigger businesses are into the use of robotics in delivering outsourced services.
There is no need for too many staff not doing anything
Our SMEs can't run like federal ministries

The use of technology also reduces communication and material costs
At this point, let's just look at some of the ways technology can be used to drive our SMEs
Technology can help small business owners leverage limited capital in smarter, more effective ways. In some cases, using technology provides greater efficiency and versatility, making it a natural progression for processes you may already have in place in your business. In others, you may need to make some adjustments to reap the benefits of tech-friendly alternatives.

*Productivity*
1. Time tracking software is an excellent tool for mapping out where time is spent, by whom. Such analysis when properly utilized is great for accountability, process improvement, and productivity.

2. Streamline your work processes with digital dictation.

3. Use project management and task management tools to stay on top of your daily business responsibilities.

4. Create a digital filing system to make it easier to sort, save, share and find documents.

5. Develop an efficient email management process that makes it easier to stay on top of the flow of messages

*Financials*
1. Use of an online invoicing service to reduce the costs of collecting payment from customers.

2. Use online budget tracking to keep on top of—and reduce—your expenses.

3. Create a new income stream by selling your products online.

4. Use a comprehensive accounting software to streamline your business finances

*Marketing*
1. Use software to create a marketing plan that you can edit, update and share with your team.

2. Use social media sites like Facebook, Twitter, Google+, Pinterest, YouTube, etc. to promote your business, products, and services.

3. Start a blog related to your business and target audience.

4. Collect email addresses through an opt-in form and start utilizing the power of email marketing.

5. Use video marketing.

6. Promote your business with a website and/or online advertising.

*Customer Service*

1. Use social media to conduct customer service.

2. Set up an online help desk or ticket system to handle customer issues.

3. Allow clients to schedule appointments online at their convenience.

4. Use online surveys and questionnaires to get customer feedback.

All the above stated might look a bit complex for some but frankly, it only takes determination, conviction and the know how.
The breakthrough will surprise you

Even if we think our businesses haven't gone this sophisticated, we can at least use our chatting time to always talk about our businesses on all social media network
Your customer is on someone's timeline
Do more research on your hustle using the internet.
Have personal records that you're keeping to appraise your business.
But let it be automated

Researches have shown that businesses that leverage on technology has a better productivity.

Conclusively….
Small businesses rely on technology to help them operate on a daily basis.
From laptop computers with internet capabilities to printers, online file storage and web-based applications, technological advances impact small and medium scale businesses across various industries.
Technology has the potential to affect and drive small businesses in positive ways, depending on the goals a business has in place, the products they chose to use, and how well entrepreneurs and their employees adapt to new systems.
Let us embrace technology for a healthy growth in our businesses.
I shall be stopping here for tonight.
Thanks so much to having me.*Seminar Recap On The Treasured Entrepreneurs Association TEA Hall Of Wealth General Active Group Page 1 & 2 Held On Wednesday 20th Of February 2019*

👉🏼Theme:

❤ *Technology And Entrepreneurship*

💚 *How To Incorporate And Use Technology In Driving Small And Medium Scale Business*

🎤 Speaker/Facilitator/Discussant

🗣Mr Kadiri Gboyega….

Good evening colleagues and forward thinking members of TEA foundation
It is indeed my pleasure and honour to be going through this seminar with you.

As earlier announced, we shall summarily be looking at how to incorporate and use technology to drive our SMEs.
We shall make this as interactive as possible.

When we hear the word, Technology, what comes to mind??????
One big electronic gadget that uses electricity or battery ba?

Well, technology actually refers to methods, systems and devices which are result of scientific knowledge being used for practical purposes.

Any method or system that makes your work easier and can be scientific in nature is technology.

So, why should entrepreneurs incorporate technology in their business?

1. *COMMUNICATION*

Good communication is necessary to allow efficient flow of information in a business
Technology provides multiple channels for businesses to communicate both internally and externally

Does anyone agree that customers have moves on to modern gadgets???
Let me recoin the question, where do we get more customers today?
Street?
Online?
Neighbors?
Are we still awake?

Good, I think the survey result is obvious.
The customers are moving toward technology, so should a good entrepreneur

2. *Cost Reduction*

For small businesses, the ability to outsource support functions remains key

Functions such as secretarial, accounting, data entry can be outsourced to a virtual assistant
I hope we’re still following?

Bigger businesses are into the use of robotics in delivering outsourced services.
There is no need for too many staff not doing anything
Our SMEs can’t run like federal ministries

The use of technology also reduces communication and material costs
At this point, let’s just look at some of the ways technology can be used to drive our SMEs
Technology can help small business owners leverage limited capital in smarter, more effective ways. In some cases, using technology provides greater efficiency and versatility, making it a natural progression for processes you may already have in place in your business. In others, you may need to make some adjustments to reap the benefits of tech-friendly alternatives.

2. Streamline your work processes with digital dictation.

3. Use project management and task management tools to stay on top of your daily business responsibilities.

4. Create a digital filing system to make it easier to sort, save, share and find documents.

5. Develop an efficient email management process that makes it easier to stay on top of the flow of messages

*Financials*
1. Use of an online invoicing service to reduce the costs of collecting payment from customers.

2. Use online budget tracking to keep on top of—and reduce—your expenses.

3. Create a new income stream by selling your products online.

4. Use a comprehensive accounting software to streamline your business finances

*Marketing*
1. Use software to create a marketing plan that you can edit, update and share with your team.

2. Use social media sites like Facebook, Twitter, Google+, Pinterest, YouTube, etc. to promote your business, products, and services.

3. Start a blog related to your business and target audience.

4. Collect email addresses through an opt-in form and start utilizing the power of email marketing.

5. Use video marketing.

6. Promote your business with a website and/or online advertising.

*Customer Service*

1. Use social media to conduct customer service.

2. Set up an online help desk or ticket system to handle customer issues.

3. Allow clients to schedule appointments online at their convenience.

4. Use online surveys and questionnaires to get customer feedback.

All the above stated might look a bit complex for some but frankly, it only takes determination, conviction and the know how.
The breakthrough will surprise you

Even if we think our businesses haven’t gone this sophisticated, we can at least use our chatting time to always talk about our businesses on all social media network
Your customer is on someone’s timeline
Do more research on your hustle using the internet.
Have personal records that you’re keeping to appraise your business.
But let it be automated

Researches have shown that businesses that leverage on technology has a better productivity.