IPBDEN Frequently Asked Questions

You can always reach IPBDEN through these links:

HEAD OFFICE ADDRESS:

• 1st Floor, 8. Enugu/Onitsha Road
• Onitsha,
• Anambra State,
• Nigeria
• Tel: +234 702 666 1376,

• Website: www.ipbden.org
• Email: info@ipbden.org
• LinkedIn: https://linkedin.com/company/ipbdenorg
• Twitter: https://twitter.com/Ipbdenorg
• Facebook: https://facebook.com/ipbden

To become a member,
• fill up the membership application interest form of the appropriate membership category HERE
• Make the appropriate subscription fee designated for that membership category
• Then await confirmation from the institute and other directives.
• Please note you can also get the offline form from any IPBDEN office nationwide. Visit the contact page for details or call: +234 702 666 1376

Business is the activity of making one’s living or making money by producing or buying and selling
products (such as goods and services).

In the simplest terms, business development can be summarized as the ideas, initiatives, and activities aimed towards making a business better. This includes increasing revenues, growth in terms of business expansion, and increasing profitability by building strategic partnerships and making strategic business
decisions. Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, a partnership, or has any such formal organization, but it can range from a street peddler to General Motors.”
Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce, and organizational theory.
Business development is the creation of long-term value for an organization from customers, markets, and relationships.

Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with
the view of making the profit. The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur. Some more narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often initially a small business, or as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.

Beyond the potential profits that may come from investing in a portfolio of businesses, investors can
enjoy a few additional benefits of buying into businesses they believe in. And, it is the opportunity to support your friends and family on their exciting new business endeavor.
First, it’s a chance to be a part of the next big thing – to be like the dragons on Dragon’s Den and pick exciting businesses, follow their progress as they grow and get credit and recognition for having been one of the first people to spot them.
Second, you get to contribute to the culture of innovation by supporting entrepreneurs when they need it most and giving them a chance to get great new businesses off the ground.
Third, it’s a way to get involved with innovation in an area you’re interested in or are passionate about and share in the success of the business. And, it is the opportunity to support your friends and family on their exciting new business endeavor.

Entrepreneurship is important as it can improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.

Anyone with:

• Communication & Interpersonal Skills
• Collaboration Skills
• Negotiation & Persuasion skills
• Project Management Skills
• Research & Strategy
• Computer Skills
• Business Intelligence

Yes, anyone can be an entrepreneur, but not everybody is going to have the same level of success. Entrepreneurship takes a lot of experience, determination, and sometimes education. There are no prerequisites to becoming an entrepreneur, though, and there are successful entrepreneurs from every demographic.

Someone (usually active in the fields of either politics or business) who found a new political project, group, or political party or who participates actively in politics as a political leader

A political entrepreneur refers to a political player who seeks to gain certain political and social benefits in return for providing the common goods that can be shared by an unorganized general public. These common goods that political entrepreneurs attempt to provide to the populace generally include foreign- and domestic-related public policy, while the benefits they hope to gain involve voter support, public recognition, and personal popularity.

An entrepreneur is a change agent. Goal-oriented Activity: The entrepreneur who creates and operates enterprises seeks to earn profits through the satisfaction of the needs of consumers; hence, entrepreneurship is a goal-oriented activity.

Nature of business – You must have sufficient strength in each of the marketing and sales support and customer service areas of your company to attract, acquire, and retain customers.

Investment is the act of putting money to work to start or expand a business or project or the purchase of an asset, to earn income or capital appreciation. Investment is oriented toward future returns, and thus entails some degree of risk.

A politician is a person active in party politics, or a person holding or seeking an office in government. Politicians propose, support, and create laws or policies that govern the land and, by extension, its people. Broadly speaking, a “politician” can be anyone who seeks to achieve political power in any bureaucratic institution.

Rewards: Not everyone defines reward the same way. For some, it might be seeing a new venture grow and succeed. For others, it may be conquering the unknown and striking out on their own. However, you define reward, starting a new business might hold that promise for you.
Being your boss: When you start a business and are self-employed, you are your boss and ultimately control your destiny.
Income: Whether you view starting a business as an economic necessity or a way to make some additional income, you might find it generates a new source of income.
Flexible hours: Owning your own business is hard work and often requires long odd
hours. In some cases, having your own business may allow you to have more flexible hours. Many stay-at-home parents, for example, choose to become entrepreneurs.
Purchasing an existing business: While it may not be viewed as “starting” a business, purchasing an existing business has proven beneficial for many business owners—but it undoubtedly
requires both financial and time investments. For businesses that are already profitable, these new business owners jump the true startup phase into running a mature business.

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or a government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources.

Business administration is the process of organizing the business’s personnel and resources to meet
business goals and objectives. These processes include human resources, as well as operations management, financial management, and marketing management.

A business administration can help you develop these skills. Not only do you learn the fundamentals of business including finance, operations, human resources, marketing, and management, but you learn how to lead and motivate people, communicate effectively, and think critically.

Marketing is the study and management of exchange relationships. It is the business process of identifying, anticipating, and satisfying customers’ needs and wants. Because marketing is used to attract customers, it is one of the primary components of business management and commerce.

A marketer is an individual who is responsible for creating an involvement chain between the customer and the product or service offered by the company.

Agricultural Entrepreneurship can be defined as being primarily related to the marketing and production of various agricultural products. Agricultural Entrepreneurship is also related to agricultural inputs. Examples of areas where agricultural entrepreneurs associate themselves include dairy, forestry, and horticulture. Production and marketing of agricultural inputs and outputs (Dairy, horticulture, forestry)

Political Entrepreneurship is about founding new parties, a way to transform political systems from within.

Political entrepreneurship is an outgrowth of the theory of the market entrepreneur and derives from extending entrepreneurial theory from the market into the political sphere of action.

The business entrepreneur after the establishment of business and entrepreneurship investment, the business owner engage in service of administrators, marketers, advertisers, and distributors to enable the business or products or services to reach the targeted marketers for buyers to buy it at their doorstep which will maximize profits for the manufacturer or organization to regain their production cost or service charge for further business and entrepreneur development.

A real estate business is a business entity that deals with the buying, selling, management, or investment of real estate properties.

There are four types of real estate
Residential real estate includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quad lexes, high-value homes, multi-generational, and vacation homes.
Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels, and offices. Apartment buildings are often considered commercial, even though they are used for residences. That’s because they are owned to produce income.
Industrial real estate includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage, and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction, and sales are handled differently.
Land includes vacant land, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision, and site assembly. Here’s more at Land Broker Transactions.

A real estate entrepreneur is defined as an ambitious, risk-tolerant, and self-motivated individual who possesses the ability to create something out of nothing, and not only recognize opportunities but rather seize them.

General Market Risk
Asset-Level Risk
Idiosyncratic Risk
Liquidity Risk
Credit Risk
Replacement cost risk
Structural Risk
Leverage Risk

1. Plan Everything. Like all other businesses, real estate business also is a vast field
with numerous aspects
2. Do Extensive Market Research
3. Work On Brand Building
4. Get Finance
5. Set Up Your Shop
6. Maintain A Good Online Presence

Real Estate investment is a long-term investment wherein you purchase real estate with the intent of keeping properties to rent out.

Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property.

Real Estate Management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention.

The reasons for investing in real estate business are seen in its benefits which are:
Cash Flow
Cash flow is the net income from a real estate investment after mortgage payments and operating expenses have been made. A key benefit of real estate investing is in its ability to generate cash flow.
Tax Breaks and Deductions
Real estate investors can take advantage of numerous tax breaks and deductions that can save money at tax time. In general, you can deduct the reasonable costs of owning, operating, and managing a property.
Appreciation
Real estate investors make money through rental income, any profits generated by property-dependent business activity, and appreciation. Real estate values tend to increase over time, and with a good investment, you can turn a profit when it’s time to sell. Rents also tend to rise over time, which can lead to higher cash flow.
Build Equity and Wealth
As you pay down a property mortgage, you build equity—an asset that’s part of your net worth. And as you build equity, you have the leverage to buy more properties and increase cash flow and wealth even more.
Portfolio Diversification
Another benefit of investing in real estate is its diversification potential. Real estate has a low—and in some cases negative—correlation with other major asset classes. This means the addition of real estate to a portfolio of diversified assets can lower portfolio volatility and provide a higher return per unit of risk.
Real Estate Leverage
Leverage is the use of various financial instruments or borrowed capital (e.g., debt) to increase an investment’s potential return. A 20% down payment on a mortgage, for example, gets you 100% of the house you want to buy—that’s leverage. Because real estate is a tangible asset and one that can serve as collateral, financing is readily available.
Competitive Risk-Adjusted Returns
Real estate returns vary, depending on factors such as location, asset class, and management. Still, a number that many investors aim for is to beat the average returns of the S&P 500—what many people refer to when they say, “the market.” The average annual return over the past 50 years is about 11%. [5]
Inflation Hedge
The inflation hedging capability of real estate stems from the positive relationship between GDP growth and the demand for real estate. As economies expand, the demand for real estate drives rents higher. This, in turn, translates into higher capital values. Therefore, real estate tends to maintain the buying power of capital bypassing some of the inflationary pressure on tenants, and by incorporating some of the inflationary pressure in the form of capital appreciation.

An educated person can be a real estate manager. While a high- school diploma can be enough for some people to hire you, more and more companies want their property managers to have a bachelor’s degree in business administration, real estate, accounting, public administration, or finance.

A real estate agent is a licensed professional who represents buyers or sellers in the real estate business. To be eligible to become a licensed real estate salesperson or agent, you must be at least 18 or 19 years old (depends on the state) and have legal citizen residency.

Film business is the creation of ideas focusing on crafting moving images and turning it into a market-ready product.

Film Production is when the film project is in the development stage. It is the creation, writing, organizing and planning stage of a film project. In development, a preliminary budget is made, the key cast is attached, key creatives are chosen, main locations scouted and multiple script drafts may be written.

To make a film is a collective effort. Entrepreneurship occurs in networks. Ideas need to be translated. Surely, a film project needs its entrepreneurs, fiery spirits, to drive the risky production process through. In film production, we can find several people, directors, producers, photographers, etc., who are passionately devoted to the creation of the aesthetic product.

It is the process of making a film, generally in the sense of films intended for extensive theatrical exhibition. Filmmaking involves a number of discrete stages including an initial story, idea, or commission, through screenwriting, casting, shooting, sound recording and pre-production, editing, and screening the finished product before an audience that may result in a film release and exhibition.

Music is a form of art that uses sound organized in time. Music is also a form of entertainment that puts sounds together in a way that people like, find interesting or dance to.

An entertainer is a person whose job or goal is to perform for the amusement of others.

The definition of an entrepreneur is someone who starts and runs their own film business or someone who invests in their own film business.