Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
ERADICATING POVERTY AND UNEMPLOYMENT IN NIGERIA VIA FASHION-PRENEURSHIP.
Explain your idea in details:
"Fashion is very important. It is life-enhancing and like everything that gives pleasure; it is worth doing well". It is for this reason that I have seek to capture the beauty that is all around us and make this world beautiful through fashion and designed works. And to establish a vocational institution where sound entrepreneurial knowledge blends with moral and leadership excellence. This idea was born out of the need to improve on the conventional (local) methods of teaching fashion. The major activities involve in this idea are to provide quality vocational training and entrepreneurship education in fashion which I called FASHION-PRENEURSHIP to unemployed and underemployed, particularly graduates and students. These include teaching of tailoring (how to recreate an already created designs) and fashion designing (how to produce an entirely new designs or innovating on the existing designs to make it more fashionable). The innovative approaches are the use of modern fashion technologies like Computer sewing machines, Automated Cutting Machine, automatic ironing and folding machine, presser for fixing pressed button and other buttons, automatic embroidery design machine and industrial sewing machines for the training and a formal method of teaching fashion (a class room setting that involve both theory and practicals), teaching of entrepreneurship as it relates to fashion businesses (fashion-preneurship) and reduction in the entire duration of the training.
Expected impact of your idea on sustainable development
My idea, when in operation, will personally create at least 6 jobs and would have created 50 jobs after one year which would also create at least another 50 jobs (if each graduated fashion students employ at least one person). Hence, this idea will be creating at least 200 jobs every year, all thing being equal. As a profitable idea, it will improve revenue generation and hence, improved social development and standard of living. I hope to measure my success by looking at how much is going in and out of the business when launched by the use of financial statements such as income statements, balance sheet and cash flow statements. Another method that may be used to evaluate success is by measuring my customers satisfaction by use of survey, reviews or even asking "Did you find everything you were looking for?" Other ones may include conducting performance review, staying current on the market, accessing my own expectation and measuring average number of new customers I get. I will measure the social impact success of my idea by preparing a hypothesis for impact that my business idea will have and ask myself "how will I know if I have achieved this impact?". I will then be clear on my assumptions and use both the base line and control data by measuring what changes so far and also try to win both hearts and mind.
Plans for implementation and sustainability
Since the idea is targeted at individual who are unemployed and underemployed that feel the need to acquire vocational education and training, the business model is structured on direct payment for services rendered (in the form of training) to the target customers. The idea is therefore place on that revenue streams. Looking at the viability and feasibility of this idea, I hope to attract grants and investments as financing sources, however, I can kick-start with my personal savings. My major collaborators are my friends that are CEOs of tailoring and fashion designing centers, sewing machine merchants, conventional higher institutions and National Youth Service Corp.
I am currently employed as a departmental secretary in a tertiary institution in Nigeria. I am also a student of computer science in the same institution. Other things I am doing currently include running of an evening tutorial class for students that are preparing for entrance examination into higher institutions. I am a graduate of Human Physiology from University of Ilorin, Nigeria. My initial ambition was to become a medical doctor and specifically a neurosurgeon. However, the dream was dashed as a result of my inability to obtain the cutoff mark for the course and I was offered to study Human Physiology as a course in the university of which I gladly oblige with the hope of crossing over to medicine line as time goes on. But I graduated with Third Class grade from the university which seems to have killed the dreams of becoming a neurosurgeon. My decision to go the entrepreneurial way stem out of the orientation received at the National Youth Service Corp (NYSC) (a one year mandatory youth service for all graduates in Nigeria) orientation camp which stress the need to build a business rather than looking to work for somebody else. Since then, I started my entrepreneurial journey by going for various entrepreneurship training and mentor-ships. I obtained certificate in entrepreneurship specialization from University of Maryland, College Park and also obtain an online certificate in entrepreneurship and business management from Millionaire Academy. So far so good, it is well. My experience in the tailoring and fashion designing industry has been drawn from my involvement and passion for fashion designing in the past, starting from when I started learning from Afosco Fashion Designer. There, I learnt the ropes of the business including pattern making and sewing. I am 29 years old.