Chancellor of Miva Open University, Abuja, Sim Shagaya, has hosted a transformative masterclass session for students, potential and existing entrepreneurs where he exposed them to innovative ways of owning and operating business enterprises in a critical environment.
At the event held at the Abuja Campus of the university, Shagaya, who is also the founder and group chief executive officer (GCEO) of the uLesson Group, charged the participants to cultivate a “portfolio of ideas” and test them to identify potentially successful endeavours.
He stressed the importance of carefully evaluating and matching the ideas with the entrepreneur’s skills and the capabilities of their team.
In a statement made available to newsmen in Abuja by the university management, the institution said the masterclass, which was attended by both MIVA students and members of the public, provided valuable insights and practical advice on entrepreneurship, innovation and navigating the business landscape.
Shagaya said MIVA Masterclasses offer students the opportunity to learn from industry leaders who share their real-world expertise, directly applicable to their academic pursuits.
“The most successful idea generally will lie in the field or realm of the entrepreneur’s specialisation,” he said.
He also stressed the crucial role of timing and emotional attachment in driving the execution of these ideas.
Shagaya guided aspiring entrepreneurs, emphasising the importance of adhering to regulations, such as registering their businesses and fulfilling tax obligations.
He explored various approaches to securing funding, promoting products, and fostering partnerships.
He also shared insights on mistakes he encountered during his entrepreneurial journey, emphasising valuable lessons learned.
The session also delved into his ambitious plans to transform the K–12 education system through his efforts at uLesson and Miva Open University.
He also spoke on how the groundbreaking uLesson class board would help in reaching this objective.
The masterclass created a dynamic atmosphere, where MIVA students, staff members and guests participated in the question and answer session and gained understanding of the topics discussed.
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