Enhancing Opportunities For nano, Micro, Small And Medium-Sized Enterprises (nMSMEs) In Nigeria- Piloting Africa's First Public Sector Grading System For Small Businesses.
The Business Grading System is an innovative SMEDAN initiative (in collaboration with Credit Rating Analytics) in which we have created the first public sector small business grading system in emerging markets. It aims to open up both business and funding opportunities for small businesses in Nigeria.
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Standardized Assessment
Provides a reliable evaluation of nMSMEs' performance and potential.
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Showcases Your Business
Allows for a comprehensive understanding of your business
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Improved Opportunities
Facilitates better access to finance and business opportunities.
The Crown Jewel Conference Centre experienced significant growth after receiving their grading. It increased business inquiries and secured high-value contracts.
Increased Business Inquiries
The grading led to a notable rise in business inquiries, attracting more clients.
High-Value Contracts
Secured several lucrative contracts, boosting revenue and market presence.
Enhanced Credibility
The SMEDAN grading provided invaluable transparency and credibility in the market.
Success Story: Harmony Events Solutions
Harmony Events Solutions optimized their processes and increased profitability through insights gained from the grading process.
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Before Grading
Faced operational challenges and struggled with profitability.
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During Grading
Identified key areas for improvement in operations.
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After Grading
Optimized processes and significantly increased profitability.
Grand Nexus Hotel Group: Expansion Success
Grand Nexus Conferences leveraged their grading to access new financing opportunities. This enabled service expansion and market reach.
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Grading Received
Obtained favorable grading from SMEDAN.
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New Financing
Secured additional funding based on grading.
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Service Expansion
Expanded service offerings to new markets.
SMEDAN's Grading Academy
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Click Here For A Video Introduction
Access our grading academy to improve your business and boost grading scores. It offers valuable training and allows informal businesses to formalize themselves so that they can eventually be graded.
Expert Training
Learn from industry professionals to enhance your business skills.
Tailored Courses
Courses designed to address specific needs of nMSMEs and are aligned to our grading methodology.
Practical Workshops
Hands-on sessions to implement best practices in your business.
Under the astute leadership of Mr Charles Odii (CEO), The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is dedicated to nMSME growth and bringing this game changing concept to Nigeria. SMEDAN will run, and manage the grading process and in-turn unlock significant market opportunities for nMSMEs within the country.
Expertise
Provides expert knowledge for implementing the grading framework.
Infrastructure
Offers necessary infrastructure to support the grading system.
Support
Delivers comprehensive support for nMSMEs throughout the grading process.
SMEDAN's Mission
SMEDAN's mission is to promote nMSME growth and sustainability in Nigeria. This includes implementing a robust grading system.
Growth
Fostering nMSME development across Nigeria.
Support
Providing comprehensive services to businesses.
Credibility
Enhancing business credibility through grading.
Grading Methodology Overview
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SMEDANs Methodology
The grading methodology involves a thorough assessment of various business aspects. It ensures consistency and provides a thorough overview of a business and its technical capabilities.
Tailored Approach
Bespoke methodologies for start-up, nano, micro, small, and medium-sized enterprises.
Comprehensive Evaluation
Assesses industry, market, finances, operations, legal & compliance, social media and growth potential.
Standardized Scoring
Uses a consistent scoring system across all evaluated aspects. A business valuation can also be requested.
This section analyzes the business's market environment, industry trends, and growth prospects. It provides insights into market positioning. This is important as it positions your business in the current economic cycle and provides insights into its prospects.
Market Environment Analysis
Evaluates current market conditions and potential opportunities for growth.
Industry Trend Assessment
Identifies and analyzes key trends shaping the industry landscape.
Growth Prospect Evaluation
Assesses potential for business expansion and market share increase.
Financial Health Evaluation
This section evaluates the company's financial standing, profitability, liquidity, and overall financial stability. It's crucial for assessing business health.
Profitability
Assessing the business's ability to generate profits.
Liquidity
Evaluating the company's short-term financial health.
Stability
Analyzing long-term financial sustainability.
Operational Efficiency Assessment
This section assesses the business's operational processes, efficiency, and productivity. It identifies areas for improvement and optimization.
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Technical Capabilities
Evaluating current operational capabilities and previous work completed.
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Efficiency Measurement
Assessing productivity and resource utilization.
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Improvement Identification
Highlighting areas for operational enhancement.
Market Position Examination
This section examines the business's competitive position within the market. It includes analysis of brand strength and market share.
Competitive Analysis
Evaluating the business's standing against competitors.
Brand Strength
Assessing brand recognition and customer loyalty.
Market Share
Analyzing the business's portion of the total market.
Social Media Grading
This section uses social media as a forward-looking measure of business performance. It provides insights into online presence and engagement. It is particularly important for sectors such as retail, fashion and entertainment.
Engagement
Measuring audience interaction and responsiveness.
Reach
Analyzing the extent of social media visibility.
Sentiment
Evaluating public perception and brand image.
Growth Potential Analysis
This section analyzes the business's growth trajectory, expansion plans, and potential for future development. It's key for long-term success.
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Current Growth
Assessing recent growth trends and performance.
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Expansion Plans
Evaluating strategies for market expansion and diversification.
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Future Potential
Analyzing long-term growth opportunities and challenges.
Step-by-Step Grading Process
The grading process follows a structured approach. It ensures thorough evaluation and consistent results across all assessments.
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Data Collection
Gathering relevant business information and market insights.
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Initial Assessment
Conducting a preliminary evaluation based on collected data.
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Detailed Analysis
Performing comprehensive analysis of key grading sections.
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Scoring and Reporting
Assigning scores and compiling detailed grading reports.
Pilot Phase Objectives
The pilot phase aims to validate and refine the grading methodology. It ensures effectiveness and accuracy in assessing nMSMEs. Your participation in the pilot phase will help share Africa's first public sector small business grading system.
Methodology Validation
Testing the grading system's effectiveness and reliability.
Refinement
Identifying areas for improvement in the grading process.
Representative Sampling
Grading nMSMEs across various sectors for comprehensive insights.
Downloadable Grading Tools
We offer a range of downloadable resources to help businesses get better informed about the pilot grading program. You can download these below or reach out to us proactively for additional information.
We value your feedback. Please use the email address above to share thoughts, suggestions, or concerns. Your input helps us improve.
Why Your Feedback Matters
Your insights help us refine the grading system and improve our services.
How We Use Your Feedback
We carefully review all feedback to enhance our processes and support.
Confidentiality
Your feedback is treated confidentially and used solely for improvement purposes.
SMEDAN's Commitment
SMEDAN is committed to supporting nMSME growth in Nigeria. We continuously work to improve our grading system and services.
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Continuous Improvement
Regularly updating our grading system based on feedback and market changes.
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Transparency
Maintaining open communication about our processes and methodologies.
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Support
Providing ongoing assistance to businesses throughout their growth journey.
Putting Your Goods & Services On The Map!
Join The nMSME Grading Revolution
Take the first step towards enhancing your business' credibility and also refining Africa's first public sector grading system. Join the nMSME Grading System today.