Pre-Retirement Course: Preparing to Manage a New Beginning

This is a programme on how all employees sure to approach retirement shortly or in a few years time must plan how they will confront real economic issues after their employment in the organisation. The course shows that retiring from corporate employment needs not become a calamity. 

It also introduces participants to post-retirement Entrepreneurship and they are taken through an orientation of “entrepreneurial personality” which, rather than be characterised by a propensity for risk taking, will, among other things, focus success on one thing – “opportunity focused.”  They will learn a number of entrepreneurial logics and make them to dig deep into ideas underlying a product or service they may think of producing, prepare the ideas, get started, and keep it going with commitment.

The training will also give the participants the ways to:

1. identify their talents and personal capabilities they can utilise elsewhere
2. restructure their lives
3. implement a new financial life plan
4. if desired, start and run own businesses and become successful entrepreneurs
5. invest wisely
6. where needed, get new satisfying employment.

Course Contents

DAY ONE

General Work-exit Orientation

• Dimensions of Change & New beginnings - Exploring attitudes, hopes & fears

- Exploring psychological aspects to exit

- Preparedness for life after current work

- Exploring your talents and passions

• State of the economy and prospects faced post-employment
• Defining Yourself – your retirement party
• Coping with severance from corporate employment
• How long-term employees are like Migrant Birds
• Family issues – harmony or tension
• Community involvement
• Health matters – death of body organs by installments
• Political shocks and wars

DAY TWO

Financial Net Worth To-date

• Liquid assets
• Investment assets
• Personal “assets”
• Short-term liabilities
• Long-term liabilities. 
• Choice of what to do next.

Investments Awareness

• Types of investments currently available in Nigeria
• Guidelines and advice on selecting investment types
  • Pension management - Worth by Pensions
  • Worth by Life Insurance
  • Savings and Fixed Deposits
  • Company shares build-up
  • Real estates.

DAY THREE

How You Can Run Your Own Business

• The Retiree’s Job Description as a Business Owner
• Planning a new business
• Business development process.

Entrepreneurship

• How to Choose an Entrepreneurial Endeavour to Pursue
• The courage to take the leap

• A random walk through simple businesses suitable for retirees
• The disciplines for business success
• Preparation of a business plan
• Legal requirements for business.

Nurturing a Business for Profitability

• Systems and structure for a retiree’s business
• Marketing knowledge and selling skills to propagate the business
• Attention to the financial health of the business – capital and cash flow.
• A sample Business Cash Flow Projection
• A sample Profit & Loss Account.

DAY FOUR

Health and Leisure

• Ageing gracefully
• Balancing work and health
• Making alternative arrangements for Health cover
• Health guideposts

- Post-retirement stress syndromes – physiological and emotional

- Common symptoms and signs

- Medical check-ups and treatments.

• Nutrition

- Your feeding pattern

- Nutrients the body needs

- What constitutes balanced diet in old age.

• Exercises

- Age-sensitive exercises

- Regularity of exercises.

• Recreation

- Socializing in retirement

- Significance of the family

- Community activities

- Spiritual engagements.

• Personal Habits

- Drinking

- Smoking

- Sleep pattern

- Personal hygiene.

• Managing Time in Retirement.

DAY FIVE

Assuring Family Peace

• Understanding how Wills are prepared
• Setting up a Trust.

Picking a New Career - Back in the Employment Market

• Job search skills
• Finding that job – a big or a small organisation?
• Have you the personality for the job?
• Self improvements for new career readiness
• Planning and preparing your resume
• Writing and presenting your CV
• Where they use Tests & Assessment Centre 
• What makes a good interview.