Tag: startup


01
Mar 2017
Our breakdown of Startup Grind Lagos' February Meetup with Nimi Akinkugbe and Muyiwa Oludayo

Startup grind has managed to break a norm that is often associated with most entrepreneurship events held in Nigeria. The event kicked-off on time and more impressive, guests and our guest speakers arrived on time which I suppose is fitting considering that our featured talk was on Time Management. In typical Startup Grind fashion we started with our Ice Breaker question to help ease the guest into the event. Discussing the difference between Businessmen and Entrepreneurs we had the following opinions: Entrepreneurs are passion driven while businessmen are more profit oriented –......

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17
Feb 2017
4 Bad Habits Blocking Your Great Idea From Becoming a Successful Business

You can’t build a successful business without a great idea, and if you’re a passionate entrepreneur you’ve got a dozen ideas that you talk about all the time. Your enthusiasm is infectious. Your friends and family offer endless words of encouragement, and the constant praise makes you feel happy, fulfilled and optimistic. Surely this latest idea will skyrocket you into the stratosphere of success – right? Here’s the harsh truth. Your idea will probably never see the light of day, and if you’re honest – you’re not surprised. After all, it’s easier......

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08
Feb 2017
3 Steps To Launching A Successful Business

The most common mistake entrepreneurs make when launching something new is trying to do too much at once. I call it the hammer-and-nail syndrome. Let’s say I give you one hammer and one nail. Your job is to hold the hammer in one hand and the nail in the other. All you have to do is drive that nail into a piece of wood. That’s it; just nail that one product or service. You may miss the first time or even the second, but eventually you’ll nail it. But what if I......

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15
Nov 2016
That important legal agreement to safeguard African Founders, co-Founders, and Start-ups

From over 5 years of practice, I have noticed one extremely important legal agreement that most start-ups in Africa are either unaware of or haven’t fully taken advantage of. This agreement is referred to as “the Vesting Agreement”. Quickly, before we go into the nitty-gritty of a vesting agreement, I will like to explain what a “vesting” is and what are “vesting agreements or clauses”, strictly in the context of its functionality to an African start-up. Vesting is a process by which benefits, privilege, authority, rights, or interest in an asset or......

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17
Oct 2016
Started a Start-Up? These Tips Can Keep Users Visiting

Last month, I wrote an article on “The Afroprenuer” titled “Attracting and retaining your first users as a virtual start-up”. Now, this month, I’ll be writing on important tips that can literally move your business from hundreds to thousands or millions of customers (or users for technology start-ups). As a recap, in the previous article, which was centered on research carried out on five successful start-ups: Konga, Jumia, Uber, Airbnb, and Jobberman, we explored three main points for attracting and retaining first customers, which are: Think like your customer and market, create......

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27
Sep 2016
Attracting and retaining your first users as a virtual start-up

I have had startups across Nigeria, Kenya, and Ghana, and clients who consult with SME Growth Hub, especially technology startups, ask the same ageless question; “how do we get our first line of users for our platform?” This had me gathering some research, which I’ll freely share with you. I am writing to help startups across Africa, and anywhere else, with developing the frame of mind and strategic thinking for finding the first users and consolidating on them. This write-up is centred around five successful startups — Konga, Jumia, Uber, Airbnb, and......

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12
Sep 2016
Yusufa Sey, democratizing access to genetic information

Yusufa Sey is a Gambian entrepreneur now living in Denmark. He is a serial idea generator and business developer. His never say die attitude has made him delve into businesses ranging from starting an Agro-Forestry export company in West Africa, to facilitating deals on behalf of of Chinese investors in West Africa. His belief in a future where people have access to understanding their genetic predispositions towards things like sports injuries, their muscle recovery time, their unique stamina profiles led him to start a company called AthGene. The startup uses DNA technology......

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28
Jul 2016
18 Steps On How To Become An SME Consultant In Africa

How do you grow your small business consulting practice? What skills do you need? I’ve been a small business consultant a long time, and these are the essentials that have worked for me. I think they’ll work for you, too. Here are 18 steps to becoming a small business consultant. Whether you call yourself a consultant, coach, advisor or mentor, these steps will help you develop skill sets as well as grow your business.   The Coach-Consultant Concept A small business consultant works with clients on strategy, planning and problem solving, and......

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