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Experts Charge Young Entrepreneurs To Seek Knowledge On Business Development And Management

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Two consultants in business and enterprise management, Lasisi Iyanda Mutiu and Dare Adeoye have charged young entrepreneurs in Osun to seek more knowledge and invest in personal development for the growth of their businesses.

This advice was given in Osogbo on Saturday at the Osun SkillUp MeetUp programme organized by the Skills, Business and Career Hub (SBC, Hub).

The two professionals who are part of volunteer facilitators and mentors for the six-month business development programme said the business life should be approached scientifically rather than being built on assumptions.

Mr. Iyanda, while facilitating the first session on Creating and Reinventing Business Model towards Sustainable Value Capturing, emphasized paying attention to numbers or budgetary allocations from government on each sector. He reiterated the need for the young entrepreneurs to identify their business model in a bid to capture values for their business outfits.

He posited that any business that will thrive must understand both qualitative and quantitative data that would reveal the business capabilities.

He then led the participants through the process of creating and reinventing business model for their individual businesses to capture sustainable values.

In his own presentation for the second session, Mr. Dare Adeoye, who spoke on Resource Mobilization for Small and Medium Scale Enterprises in Osun, exposed the participants to how they could mobilize resources for their entrepreneurial activities.

He identified different types of resources a business person should leverage on. He laid emphasis on both human and social capital and how they could practically utilize such to better the lot of their businesses.

He charged the participants to be sensitive to policies that could make or mar their businesses. He said this would only happen if they are ready to open their minds to new and relevant knowledge.

Earlier in his opening address, the convener, Rasheed Adebiyi, charged participants to pay attention to the process through which they are taken through by the MeetUp.

He said his concern is on how the business management skills and capacities of youths in Osun could be strengthened so they could run modern Start-ups that could open them up to funding opportunities that abound all around the world.

The Osun SkillUp MeetUp is a six-month business development boot camp that intends to take the participants through the process of developing new or existing ideas into sustainable value capturing entities. The third edition comes up in March, 2020. The programme had 20 young business owners drawn from different parts of Osun in attendance.

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