CIBN harps on entrepreneurship

The Lagos branch of the Chartered Institute of Bankers of Nigeria has called on its members to boost their earning capabilities by adopting other entrepreneurial skills.

Specifically, a speaker during the branch’s meeting urged members to diversify their source of income by embracing other money spinning skills.

Chairman of the branch, Mrs Ige Taiwo, said the theme for the meeting, ‘Project Finance’ was to encourage workers in banking sector to be skillful and build capacity through enrolment in various training schemes.

Bankers should not only rely on their salaries alone but should also have other ways of putting foods on their tables outside banking jobs and should have the mind of being an employee of labour to the society.’’

Also speaking the guest speaker, Head, Product Dev. Managed SME Fidelity bank Plc Osaigbovo Omoregbe urged bankers to also have the mind of business rather than investing all their lifetime in banking alone.

He added that, having a business mind should also include risk taking due to the many challenges involved in doing business ‘’but what will keep one moving is outstanding of the quality one is known for among others quantity in the market’’.

He identified different skills that must be possessed by good business owner to include proper management, book keeping, identify your market, hire right, managerial skills, and finance.

Omoregbe said proper management is what business owners use in order to be able to identify what the products lack and must be ready to make it available in order to keep customer interest.

According to him, most businesses lack book-keeping, which has made many businesses shutdown untimely.He added that identifying what the market needs at the right time and making such needs available to the customers, at the needed time will help to build more confidence of seriousness about the owner of the business for continuity and will enhance more productivity.

He said hiring rights minds, who are well trained before getting the job will help in moving the business forward, rather than the untrained ones.

Omeregbe explained further that managerial skills are to be put in place in running the business, so as to accomplish its goals.
He then said one need to be financial buoyant in other to help grow the business.