There is so much buzz about Lion Heart – the first Netflix original film produced in Nigeria, and directed by Nollywood actress, Genevieve Nnaji. While the movie was such a breadth of fresh air, we decided to pick business lessons from it (just like we did with Game of Thrones). Here are some lessons we learned from Lion Heart: Collaboration! it is better to own a bit of something then all of nothing Learn to harness the power of negotiation Don’t run your business in isolation, institute a corporate governance structure for your business. Have a succession plan, train your staff! […]
Access to finance is one problem that limits Entrepreneurs across Africa. However, sometimes it’s not about the availability of funding but about being Investor ready (which we discussed in one of our previous episodes). In this episode, we pick the brains of an exceptional investor, Luni Libes, Founder & Managing Director of fledge.co. Fledge is a global network of conscious company accelerators and seed funds, helping entrepreneurs create impactful companies and co-ops at scale through intense, short programs filled with education, guidance, and a massive amount of mentorship. Luni details in this episode what Investors look out for while accessing entrepreneurs, one of […]
Happy New Year Afropreneurs!!!! Welcome to 2019!!! We are super excited about this new year and we hope you are too. What is so exciting you might ask? GOALS! Our Goals are making us excited. The beautiful thing about goals is, they give you something to look forward to. This year, we broke down our goals into financial, social, personal and business goals. We didn’t stop there, we summarized them in S.M.A.R.T ways into 7-point Agendas. We went on to create plans and get an accountability partner. Why does this concern you? Because sometimes you need to hit the ground […]
At a meetup recently, we discussed with a few entrepreneurs and we discovered that a lot of them struggled with knowing which to put first – Quality or Quantity. They struggled with knowing which mattered more and we realized this problem was not unique to them. With our high population and sometimes high addressable markets, we often feel the need to fulfil the promise of quantity because it yields a higher return when more people buy your products. There is also the concern that quality often costs too much and your target market may not be willing to pay for the […]
In our last episode, we featured Onyeka Akumah, CEO of Farmcrowdy, Nigeria’s first Digital Agriculture Platform, where he spoke about Being Investor Ready. This week we are analyzing two amazing concepts and pitching them against each other – being efficient vs. being thorough. When we googled the meaning of thorough these were what we saw: complete with regard to every detail. taking pains to do something carefully and completely. And when we googled the meaning of efficient, these were the results: achieving maximum productivity with minimum wasted effort or expense. working in a well-organized and competent way. We discovered that there […]
In our last episode we featured Onyeka Akumah, CEO of Farmcrowdy, Nigeria’s first Digital Agriculture Platform. Onyeka gives us tips on how to and make your startup attract that investment you need. What do investors look out for? Team – the people and history Team – competence Team – chemistry/blend The idea – real, rich & impactful ideas with depth. Market – where? How many people? Where are you today? What have you done? Listen to Onyeka explain all the points above Do you have experiences in relation to this topic to share, please send us an email or share in […]
Co-Creation Hub, Popularly known as CcHUB recently announced the launch of the Stanbic IBTC Innovation Challenge (#sicc2018), which aims to leverage digital technology, innovation, and expertise outside the traditional financial service providers, to improve efficiencies and capture new opportunities that add value to Stanbic IBTC customers. The challenge is centered around solving specific problems across various business units within the Stanbic IBTC organization. Submitted solutions should address the specific problem areas which are: efficiency in data collection & analysis, cost-efficiency around card deliveries, and a simplified trading platform. More information can be found on the challenge website here. Prizes The winning solution will receive […]
As Entrepreneurs you will need funding for your startup at one time or the other, many get confused about the best source of funding per time. What are the types of funding that exist? Personal savings Friends, Family & Fools (FFF) Grants Angel investors Venture Capitalists Bank Loans The entrepreneur we feature in this episode – Onyeka Akumah, CEO of Farmcrowdy, Nigeria’s first Digital Agriculture Platform. Farmcrowdy recently secured a $1m investment from a group of VCs. In this episode he speaks on how to prepare yourself for investments and make your startup attract that investment you need. Do you […]
Many startups founders and entrepreneurs are caught between building their personal brands or focusing on the brands of their startups or businesses. While there really isn’t a clear cut position on which brand (personal or company) you should focus on at the different stages of your startup, it is still important to build a personal brand. What is a personal brand?Your personal brand is how people perceive you. It is a combination of your career, professional experience, network and online presence which eventually defines your reputation online and offline. Creating a good personal brand requires that you deliberately build people’s […]
The World Cup has come and gone, with all the fanfare and drama! France was the standout team for one reason – Teamwork! As a startup founder / entrepreneur we often struggle with recruiting people into our team for various reasons, however good teamwork is essential in all organisations. It signifies that: People are working towards a shared purpose and common goals and They are sharing their varied skills in complementary roles and in cooperation with each other But why is a Team so important? Without the ability to effectively build and work in a team environment, you could delay […]
