While education and experience are still huge factors in the selection process, employers are increasingly considering the personality traits of candidates Learning about good professional attributes and how to include them in your daily work, it can help you stand out from other candidates.
How to turn a simple idea into a million dollar business
How to turn a simple idea into a million dollar business
RAIISING CAPITAL 2020
The $1,000,000 African Entrepreneurship Awards will open its gates to receive applications on the 1st of March, 2018. That year, applications are welcome from innovative ideas and from sport entrepreneurship, which replaces environment and education categories from last year.
What is Innovation?
The website of AEA describes Innovation as a key to solving pressing issues and creating value in Africa. It means introducing a new technology, new business model or attempting to solve a problem that’s never been solved before. The Award seeks businesses that innovate to create jobs and improve lives in Africa.
Other available funding opportunities in areas like agribusiness, fin-tech, health, manufacturing, services etc include
- Bank of industry graduate entrepreneurship fund (2billion naira)
- Mashro3 amal entrepreneurship program
- $ 5000 tony elumelu foundation entrepreneurship programme for africans 2018
- Aspire small business fund for businesses in Niger Delta
- Mest entrepreneurs in training (eits)
- Sinapis entrepreneurship training
- The Baobab Network Opportunities for African Entrepreneurs
- 2018 Africa Energy Ideas Competition
If your business idea/existing business fits into any of these two categories, now is the time to start preparing your proposal and business plan. We recommend that you join our training this month on Raising Capital will enable you become sufficiently prepared to apply and raise your chances of winning not only this grant, but other investment opportunities.
During the Raising capital training we will focus on the following
- Developing a sustainable growth and revenue model
- How to properly fill out a grant application form
- What investor really want to see in your business
- How to write a winning business plan or proposal
- How to pitch your business in a competition.
To register for raising capital training please fill this form or email firstname.lastname@example.org , send a whatsapp message to 08174396809
How do you reach out to an investor?
Assume you found a contact detail, perhaps an email address and then you decide to try what is called a cold call, but this time, via email.
What do you say in your mail?
Never forget, investors a pretty busy people who may get all sorts of unsolicited emails,
Therefore, you mail must be a good pitch, you have to make an impression in the shortest possible time or else your email will be treated as junk, or even spam.
So, you have less than 60 seconds to make a good impression, or he/she will junk or delete your email.
Typical questions entrepreneurs ask is
1). How do I reach out to potential investors?
2). What exactly do I say?
3). What is the ideal length of the email?
4). You are reading this post today because you have probably been in this situation before
And I am providing real-world answers to all the questions above
Firstly, even before you put pen to paper, well in this case before you put fingers to key board, start with a detailed research on the investor, find out which industry they invest in, do they work in your industry?
Come on, it would not make sense to ask someone who focuses solely on fin tech to put money in your Agro business, except of course your know that they may be looking to switch,- that information will still come as a result of research. Your research can be a simple internet search or speaking to a few people.
Next, you must find out how this investor works, is are they motivated by profit? research and development? social impact or policies?
Another important thing to do is to find out when the investor invests, do they run program cycles or are they investing all year round?
Here are 5 Key points to note when sending the email
1) Establish a connection by possibly mentioning something about what they do that is relevant to your business.
2) Talk about your business/idea , make sure you focus on the benefits and then the results also talk about the growth potential
3) A specific call to action would be an appropriate third note, you could ask them to check out your work and let you know what they think.
4) Follow up on your email, follow up but do not be a bother, always be courteous and professional.
5) Persistency will give you a response, it could be a ‘’yes’’, a ‘’no’’ or a ‘’maybe’’. The no may come with an explanation , and that is the feedback you are looking for!
These tips are the kind that work, raising capital is not about trial and error, but a systematic approach to achieving what you need.
In the program Think Finance, you will get information important and key principles that will help you achieve success faster.
Remember Think Finance is open now and will close very soon,
Click on the link to register.
- Learn how to prove your business and idea, prepare for the market
- Tailored business strategy sessions
- Learn to turn your idea into a profitable business
- Hands-on workshop on creating a business model that will help you gain access to financing.
- Dozens of real life examples of business models that are potentially disruptive and suited for the African market.
- Free eBook –Idea meets Market
- Free eBook on how to find the right source of capital for your business.
- Resources –Videos, books, materials.
- Membership of closed business community
Find out more
This online course is designed to provide an easy way through which entrepreneurs can create business ideas that are fit for the locale and cheaply test if these ideas are viable.
What you would learn
With the use of numerous examples, in house proprietary worksheets, and resources and publication, you will discover ways to easily achieve the following.
- Generate a business idea fit for the African market.
- Test your idea with minimal resources.
- Validate your business idea.
- How to easily and cheaply identify market risk.
This course is for you
If you have a business idea and you’re looking for a way to test if the idea will make money in Africa, without wasting resources in doing so.
If you find it hard to decide which business to start.
If you are in need of a proven way to generate business ideas or prospects.
To watch a video click on the link
To register, kindly click on the link below for course details