TEACHING MY CHILD GOOD FINANCIAL HABITS

Teaching children and teenagers about money could help them establish an active sense of good financial habits for the future. Letting your children develop good financial habits, helps them face and be ready for the financial affairs of the future and to know the role and advantages of budgeting, savings and investment.
Given how essential financial capabilities are to navigating life, it’s alarming that the school system doesn’t teach children about money.
As a parent, you should teach your child important financial skills.
Beth Kobliner says children as young as three years old can grasp financial concepts like saving and spending. And a report by researchers at the University of Cambridge commissioned by the United Kingdom’s Money Advice Service revealed that kids’ money habits are formed by age 7.
“The sooner parents start taking advantage of everyday teachable money moments (for example, give a six-year-old $2 and let her choose which fruit to buy), the better off our kids will be. Parents are the number one influence on their children’s financial behaviors, so it’s up to us to raise a generation of mindful consumers, investors, savers, and givers,” she says.

Budgeting
Budgeting means creating a plan to spend money. The spending plan is called a budget. Creating this spending plan allows you to ascertain beforehand whether you will have enough money to do the things you need to do or would like to do (to settle bills, or buy some things). Budgeting simply means balancing your expenses with your income.

Savings
Savings means money you set aside for future use rather than spending immediately. Along with the benefits of saving up for future use , delaying an impulse purchase also helps you decide whether it is something you really need, or something you will regret shortly after buying.

Investment
Investment is the act of putting out money in order to gain a profit. Investments are things we put our money to help it grow.

How to teach your child Saving, budgeting and Investment
Create three jars for your child – each labeled “Saving,” “Spending” and “Sharing” respectively. Every time your child receives money, whether for doing chores or from a birthday or as a gift, tell the child to divide the money equally among the jars. Have him or her use the spending jar for small purchases, like candy or something inexpensive that she wants. Money in the sharing jar can go to someone your child knows who needs it or be used to donate to a friend’s cause. The saving jar should be for more expensive items and for a long period of time.

Give your child some money, like N2000, in a supermarket and have her make choices about what cereal to buy, within the specifications of what you need, to give them the exposure to making choices with money.

Have your child set a longer-term goal for something costlier than the toys she may have been saving for. “Those sorts of exchanges, called opportunity costs — what are the things you have to forgo to save money — is a very important thing to talk about. These days, children are reluctant about saving because they want to buy stuff, but thinking of what long-term goals are and what they’re having to give up shows that it’s a good decision,” says Kobliner. For example, she says, if your child has a habit of buying a snack after school every day, she may decide she’d rather put that money toward an iPod.

ONLINE BUSINESS SCHOOL 2020 FOR YOUTH ( 7-18 YEARS OLD)

"The best way to predict your future is to create it."  Abraham Lincoln

Our youth business school is an business Education Program designed to help young people think outside the box and nurture unconventional talents and skills.

REGISTRATION : Click this Link to register

School curriculum provides a lot of pressure on students to follow specific steps in order to be successful, but the reality of the real world is that careers do not provide a recipe for success.

Youth Business school provides youths, Teens, and Pre-teens with basic business development and entrepreneurial skills needed to grow a business.

Through our program, the young people will learn to develop and push substantial entrepreneurial ideas and take steps to expand those ideas.

We teach them capacity not only to start companies but also to think creatively and ambitiously. They learn to be innovative and doers, makers and cutting-edge thinkers that the world needs.

By joining this program your are preparing your child for the future, helping them create a future that they deserve.

The Business School for Kids is in the 3rd year and we are going Virtual in the Online Mini MBA program

Our MBA represents Millennium Business Appreciation Program

FEE: N 3,500 ,  $10

PAYMENTS

NIGERIAN PAYMENTS
(1)
Name: The Business Outliers
Bank: Guaranty Trust Bank Plc
Account No: 0244623161

INTERNATIONAL PAYMENTS
(2)
Name: The Business Outliers
Platform: Paystack
Link: https://paystack.com/buy/online-mini-mba
(3)
Name: The Business Outliers
Platform: Paypal
Link: paypal.me/thebusinessoutliers

THEMES: (Innovation, Ideation, Budgeting, Entrepreneurship & Financial Literacy)

AGE:  7-18 YEARS - Participants are paired into age appropriate groups
Date: June 25th - 27th, 2020.
Venue: Google Classroom and Zoom
Contact us at +2348174396809, 08150538215, 08033453896 or hello@thebusinessoutliers.com

Visit : http://thebusinessoutliers.com/youth-business-academy/ to learn more

WHAT THE PARTICIPANTS WILL NEED
1) Good internet
2) laptops/smart phone
3) Note pads
4) Pens

REGISTRATION 

Click this Link to register

Contact details

hello@thebusinessoutliers.com

+234 8150538215 or  +234 8179714138

 

How to turn a simple idea into a million dollar business

How to turn a simple idea into a million dollar business

How to turn a simple idea into a million dollar business

RAIISING CAPITAL 2020

The $1,000,000 African Entrepreneurship Awards will open its gates to receive applications on the 1st of March, 2018. That year, applications are welcome from innovative ideas and from sport entrepreneurship, which replaces environment and education categories from last year.

What is Innovation?

The website of AEA describes Innovation as a key to solving pressing issues and creating value in Africa. It means introducing a new technology, new business model or attempting to solve a problem that’s never been solved before. The Award seeks businesses that innovate to create jobs and improve lives in Africa.

Other available funding opportunities in areas like agribusiness, fin-tech, health, manufacturing, services etc include

RAISING CAPITAL SECRETS ONLINE COURSE

  1. Bank of industry graduate entrepreneurship fund (2billion naira)
  2. Mashro3 amal entrepreneurship program
  3. $ 5000 tony elumelu foundation entrepreneurship programme for africans 2018
  4. Aspire small business fund for businesses in Niger Delta
  5. Mest entrepreneurs in training (eits)
  6. Sinapis entrepreneurship training
  7. The Baobab Network Opportunities for African Entrepreneurs
  8. 2018 Africa Energy Ideas Competition

If your business idea/existing business fits into any of these two categories, now is the time to start preparing your proposal and business plan. We recommend that you join our training this month on Raising Capital will enable you become sufficiently prepared to apply and raise your chances of winning not only this grant, but other investment opportunities.

During the Raising capital training we will focus on the following

  1. Developing a sustainable growth and revenue model
  2. How to properly fill out a grant application form
  3. What investor really want to see in your business
  4. How to write a winning business plan or proposal
  5. How to pitch your business in a competition.

To register for raising capital training please fill this form or email hello@thebusinessoutliers.com ,  send a whatsapp message to 08174396809

2020 ONLINE MINI MBA FOR YOUNG PEOPLE – 7- 18 years old.

ONLINE MINI MBA FOR YOUNG PEOPLE 7-17 YEARS

 

Outlier Kids Business School is in the 3rd year and we are going Virtual for the Millennium Business Appreciation (MBA) program for young people aged 7- 18 years old.
.
We have age appropriate groups for all our participants
.
Price: N 3,500 , $10 USD

Register: https://linktr.ee/thebusinessoutliers

Themes: (Innovation, Ideation, Budgeting Entrepreneurship & Financial Literacy)
for Kids and Teens
Date: June 25th - 27th, 2020.
Venue: Google Classroom and Zoom
Contact us at +2348174396809 or hello@thebusinessoutliers.com

 

 

 

The Business School for Kids is in the 3rd year and we are going Virtual

Price: N 3,500 , $10

NIGERIAN PAYMENTS
(1)
Name: The Business Outliers
Bank: Guaranty Trust Bank Plc
Account No: 0244623161

INTERNATIONAL PAYMENTS
(2)
Name: The Business Outliers
Platform: Paystack
Link: https://paystack.com/buy/online-mini-mba
(3)
Name: The Business Outliers
Platform: Paypal
Link: paypal.me/thebusinessoutliers

THEMES: (Innovation, Ideation, Budgeting Entrepreneurship & Financial Literacy)
for Kids and Teens
Date: June 25th - 27th, 2020.
Venue: Google Classroom and Zoom
Contact us at +2348174396809, 08150538215, 08033453896 or hello@thebusinessoutliers.com
visit : http://thebusinessoutliers.com/youth-business-academy/ to learn more

Key Drivers of Business Growth that you haven’t considered

”Marketing without data is like driving with your eyes closed”

. — Dan Zarrella

Are you launching a new product or business?

In a competitive environment you need apt knowledge about the concerns and preferences of customers. A market research is the surest way to gain insights that will help you increase customer satisfaction, identify the dynamics that affect your business, and improve your performance.

Here are 5 things you need to consider when conducting your market research.

1. Clarify what you need to know about your market. A focused market research is much more valuable.

2. Your next step is to prioritize the result, with the information overload out there, it pays to concentrate on information that will give you the best and fastest value for you time and money

3. Be creative, consider alternatives that can save you money and time, talk to experts and consultants

4. Ensure you have cost estimate, work within your budget

5. When choosing an expert be sure that they are able to provide results that you need, do not pay for what you don’t need.

A good market research will help you achieve the following.

1. A good market research will identify the problem areas within your business.

2. A market research helps your teams understand the needs of existing customers and why they chose your service over competitors.

3. It is key for Identifying new business opportunities and changing market trends.

4. A market research will help your team recognize new areas for expansion, and increase your customer base.

5. With a detailed research, you will discover potential customers and their needs, and it can guide you in creating valuable products and services.

6. Since you will understand the market potential, your teams will be able to set achievable targets for business growth, sales, and latest product developments.

7. Finally, a thorough market research will help you make well-informed market decisions about your services and develop effective growth strategies.

Who can help?

The Business Outliers

The Business Outliers is a business development consultancy. Our enterprise development services helps companies with high growth and high impact potential to become commercially viable. We develop growth strategies for impact focused African based ventures. Market Research and Feasibility studies is one of our Market entry services that helps you enter new markets and launch new products seamlessly.

Contact us at

The Outlier Hub

10, Bisi Ogabi Street

by Allen Avenue, Ikeja Lagos

Email- hello@thebusinessoutliers.com

Website — www.thebusinessoutliers.com

Phone Call — +23408179714138

Youth Business Academy

Youth Business Academy is an Entrepreneurial Education Program designed to help young people think outside the box and nurture unconventional talents and skills. School curriculum provides a lot of pressure on students to follow specific steps in order to be successful, but the reality of the real world is that careers do not provide a recipe for success,

Youth Business Academy provides Youths, Teens, and Pre-teens with basic business development and entrepreneurial skills needed to grow business. Through our program, the youths will learn to develop and push substantial entrepreneurial ideas and take steps to expand those ideas. We teach youth the capacity not only to start companies but also to think creatively and ambitiously. They learn to be innovative and doers, makers and cutting-edge thinkers that the world needs.

CHECK THE PROGRAM MODULE 

The Youth Business Academy is not your regular school environment; it provides participants with the liberation to think freely, be creative and explore their in-built innovative minds.

We provide business skills, creative thinking, communication skills and many more.

Check out our pictures of the maiden Edition HERE

SIGN UP NOW

For more information, please

Visit us:

10, Bisi Ogabi Street, off Allen Avenue, Ikeja

Call us:

 0803 345 3896; 0817 439 6809

Find out more on our  social media page:

Instagram and Facebook: @thebusinessoutliers

THINK FINANCE AFRICA !- LEARN CAPITAL RAISING SUCCESS SECRETS

THINK FINANCE AFRICA !- LEARN CAPITAL RAISING SUCCESS SECRETS

https://t.me/joinchat/Har11xAvbFSLiVkAtIGToA

Join ”Think Finance” on Telegram .

Step 1 Download telegram

Step 2. Join group Via link.

https://t.me/joinchat/Har11xAvbFSLiVkAtIGToA

Powered by The Business Outliers

www.thebusinessoutliers.com

Learn how to raise capital easily from

Grants,

Private Equity ,

Supplier credit ,

Banks loan etc.

Business planning and growth

 

HOW TO APPROACH AN INVESTOR

How do you reach out to an investor?

Assume you found a contact detail, perhaps an email address and then you decide to try what is called a cold call, but this time, via email.

What do you say in your mail?

Never forget, investors a pretty busy people who may get all sorts of unsolicited emails,

Therefore, you mail must be a good pitch, you have to make an impression in the shortest possible time or else your email will be treated as junk, or even spam.

So, you have less than 60 seconds to make a good impression, or he/she will junk or delete your email.

Typical questions entrepreneurs ask is
1). How do I reach out to potential investors?
2). What exactly do I say?
3). What is the ideal length of the email?
4). You are reading this post today because you have probably been in this situation before

And I am providing real-world answers to all the questions above

Firstly, even before you put pen to paper, well in this case before you put fingers to key board, start with a detailed research on the investor, find out which industry they invest in, do they work in your industry?

Come on, it would not make sense to ask someone who focuses solely on fin tech to put money in your Agro business, except of course your know that they may be looking to switch,- that information will still come as a result of research. Your research can be a simple internet search or speaking to a few people.

Next, you must find out how this investor works, is are they motivated by profit? research and development? social impact or policies?

Another important thing to do is to find out when the investor invests, do they run program cycles or are they investing all year round?

Here are 5 Key points to note when sending the email

1) Establish a connection by possibly mentioning something about what they do that is relevant to your business.
2) Talk about your business/idea , make sure you focus on the benefits and then the results also talk about the growth potential
3) A specific call to action would be an appropriate third note, you could ask them to check out your work and let you know what they think.
4) Follow up on your email, follow up but do not be a bother, always be courteous and professional.
5) Persistency will give you a response, it could be a ‘’yes’’, a ‘’no’’ or a ‘’maybe’’. The no may come with an explanation , and that is the feedback you are looking for!

These tips are the kind that work, raising capital is not about trial and error, but a systematic approach to achieving what you need.

In the program Think Finance, you will get information important and key principles that will help you achieve success faster.

Remember Think Finance is open now and will close very soon,
Click on the link to register.

FREE WOMEN TRAINING- Raising Capital

This training on how to apply for, and raise chances chances of winning $5000 TEF grants held on the 3rd of February, 2018. 

Watch the video here

How to raise your chances of wining $ 5000 TEF business grant Part 1

How to raise your chances of wining $ 5000 TEF business grant Part 2 

How to raise your chances of wining $ 5000 TEF business grant Part 3

Contact us on +234 817 971 4138 or hello@thebusinessoutliers.com  for enquiries or questions. You can also reach us if you need professional assistance to review your grants application