Key Drivers of Business Growth that you haven’t considered

”Marketing without data is like driving with your eyes closed”

. — Dan Zarrella

Are you launching a new product or business?

In a competitive environment you need apt knowledge about the concerns and preferences of customers. A market research is the surest way to gain insights that will help you increase customer satisfaction, identify the dynamics that affect your business, and improve your performance.

Here are 5 things you need to consider when conducting your market research.

1. Clarify what you need to know about your market. A focused market research is much more valuable.

2. Your next step is to prioritize the result, with the information overload out there, it pays to concentrate on information that will give you the best and fastest value for you time and money

3. Be creative, consider alternatives that can save you money and time, talk to experts and consultants

4. Ensure you have cost estimate, work within your budget

5. When choosing an expert be sure that they are able to provide results that you need, do not pay for what you don’t need.

A good market research will help you achieve the following.

1. A good market research will identify the problem areas within your business.

2. A market research helps your teams understand the needs of existing customers and why they chose your service over competitors.

3. It is key for Identifying new business opportunities and changing market trends.

4. A market research will help your team recognize new areas for expansion, and increase your customer base.

5. With a detailed research, you will discover potential customers and their needs, and it can guide you in creating valuable products and services.

6. Since you will understand the market potential, your teams will be able to set achievable targets for business growth, sales, and latest product developments.

7. Finally, a thorough market research will help you make well-informed market decisions about your services and develop effective growth strategies.

Who can help?

The Business Outliers

The Business Outliers is a business development consultancy. Our enterprise development services helps companies with high growth and high impact potential to become commercially viable. We develop growth strategies for impact focused African based ventures. Market Research and Feasibility studies is one of our Market entry services that helps you enter new markets and launch new products seamlessly.

Contact us at

The Outlier Hub

10, Bisi Ogabi Street

by Allen Avenue, Ikeja Lagos

Email- hello@thebusinessoutliers.com

Website — www.thebusinessoutliers.com

Phone Call — +23408179714138

Youth Business Academy

Youth Business Academy is an Entrepreneurial Education Program designed to help young people think outside the box and nurture unconventional talents and skills. School curriculum provides a lot of pressure on students to follow specific steps in order to be successful, but the reality of the real world is that careers do not provide a recipe for success,

Youth Business Academy provides Youths, Teens, and Pre-teens with basic business development and entrepreneurial skills needed to grow business. Through our program, the youths will learn to develop and push substantial entrepreneurial ideas and take steps to expand those ideas. We teach youth the capacity not only to start companies but also to think creatively and ambitiously. They learn to be innovative and doers, makers and cutting-edge thinkers that the world needs.

CHECK THE PROGRAM MODULE 

The Youth Business Academy is not your regular school environment; it provides participants with the liberation to think freely, be creative and explore their in-built innovative minds.

We provide business skills, creative thinking, communication skills and many more.

Check out our pictures of the maiden Edition HERE

SIGN UP NOW

For more information, please

Visit us:

10, Bisi Ogabi Street, off Allen Avenue, Ikeja

Call us:

 0803 345 3896; 0817 439 6809

Find out more on our  social media page:

Instagram and Facebook: @thebusinessoutliers

THINK FINANCE AFRICA !- LEARN CAPITAL RAISING SUCCESS SECRETS

THINK FINANCE AFRICA !- LEARN CAPITAL RAISING SUCCESS SECRETS

https://t.me/joinchat/Har11xAvbFSLiVkAtIGToA

Join ”Think Finance” on Telegram .

Step 1 Download telegram

Step 2. Join group Via link.

https://t.me/joinchat/Har11xAvbFSLiVkAtIGToA

Powered by The Business Outliers

www.thebusinessoutliers.com

Learn how to raise capital easily from

Grants,

Private Equity ,

Supplier credit ,

Banks loan etc.

Business planning and growth

 

HOW TO APPROACH AN INVESTOR

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.

FREE WOMEN TRAINING- Raising Capital

This training on how to apply for, and raise chances chances of winning $5000 TEF grants held on the 3rd of February, 2018. 

Watch the video here

How to raise your chances of wining $ 5000 TEF business grant Part 1

How to raise your chances of wining $ 5000 TEF business grant Part 2 

How to raise your chances of wining $ 5000 TEF business grant Part 3

Contact us on +234 817 971 4138 or hello@thebusinessoutliers.com  for enquiries or questions. You can also reach us if you need professional assistance to review your grants application

Raising Capital For Your Business in 2018

Want you want to raise capital for your business in 2018? Please fill this form.  
Want to get ready for investment ?, Use our FREE Investment readiness tool.

#READTHIS
Last December, at the African Entrepreneurship awards bootcamp, which took place in Morocco, I met an amazing collection of extraordinary African entrepreneurs pitching for a total prize money of $1,000,000. Many of the businesses pitched were high growth and high impact businesses with potential to scale across Africa. 

Out of the 40 entrepreneurs that made the last round of the award, 12 won price money for their businesses. The awards won include Innovation award given to Moroccan company- Atlan Space® for developing artificial intelligence in drones to monitor ships and protect marine ecosystems. Environment award given to Nigerian firm- Vicfold recyclers for Innovative process to pelletize plastic products, as well as Environment award given to Ghanaian company- Green Afro palms for efficient palm oil cultivation methods for farmers. These entrepreneurs are proof that Africa is set for transformation, the kind that comes as a result of finding solution to problems around us.

As we begin 2018, opportunities for grants and investments begin to open up for SME’s to partake. As an entrepreneur with an idea, seed or startup stage project, you must position yourself to be ready for investment.

Being investment ready is not only a mindset thing, it involves taking a thorough look at your business and weighing factors like, your model, your sources of revenue, your route to market, even review of your internal structure and corporate governance is important. It is important to wear the investor’s hat and see through the kind of lens they use.

For an entrepreneur who has little experience in fund raising, putting all these together might sound a bit overwhelming. But, with the right kind of help and advice, it becomes easier with time. This is why I have put together a FREE Investment readiness tool It is a test to help gauge your business and qualify your level of readiness for investments.

 
Also, do you want you want to raise capital for your business in 2018? Please fill this form. You will get access to a personalized step by step guide on how you can raise capital for your business.

Join Think Finance Africa on Telegram here

Visit our website for more important details.

With Love,
Lawunmi

PS: Would you love to tell us about your business and how we can help you find the right funds for your business, Kindly write to us