NIGERIA’S TECH STARTUP ECOSYSTEM AND ITS PERTINENT CHALLENGES
Nigeria joined the tech startup scene relatively late, unquestionably behind the likes of South Africa, Kenya, and Egypt. What Nigeria might have lost in coming late, it has gained in the pace with which the local startup ecosystem has grown over the last decade. In the year 2018, significant funding rounds of Andela (USD $40M), […]
Read MoreChoosing a business model for your startup
Startups are primarily born out of big, contemporary, bright ideas. However, even the most bright idea will quickly neutralize and die out, if executed inappropriately. It is for this reason that at the core of every successful startup, there needs to be a sound, profitable business model. The idea itself is just the first step […]
Read More6 Ways Innoson Vehicle Manufacturing Can Break into the Nigerian Market
Innoson vehicle manufacturing has been a trending topic for the past few weeks. Big Brother Naija winner was gifted with a brand new Innoson G80 SUV to acknowledging a design of IVM logo created by Farouq Osuolale, an undergraduate of the University of Ibadan, to the recent procurement of 100 vehicles by Enugu state government. […]
Read MoreKEY POINTS TO INCLUDE WHEN PREPARING AN INVESTOR PITCH DECK
A pitch deck is an important tool you need if you plan to talk to investors. This is why you need to make sure your deck tells the story of your startup and all you plan to achieve. Here are some key points that you will need to include in your pitch deck irrespective of […]
Read MoreHOW TO SUCCESSFULLY PITCH YOUR BUSINESS IDEA TO AN INVESTOR
There is so much work that goes into the process of securing funding from an investor. This involves writing a business plan and pitch deck that is convincing enough to communicate every important part of your business either as a startup trying to get into the game or an established business owner planning on expanding […]
Read MoreFUNDING OPTIONS FOR STARTUPS AND SMES
Venture capital This is a type of funding whereby investors provide a considerable amount of money to businesses that are believed to have a long-term growth potential in exchange for equity in the company. The percentage of ownership to the fund provided by the VC firm can be negotiated, but this is usually […]
Read MoreWHAT TO CONSIDER BEFORE STARTING A SIDE BUSINESS WHILE STILL EMPLOYED
It is true that there are a growing number of people interested in owning a business and there are many factors to be considered to do this; Factors that will be discussed as a separate post. The focus of this post are the people with a steady job that are consider owning a side business. […]
Read MoreFACTORS THAT HINDER YOU FROM GETTING A BUSINESS LOAN
It is very common for business owners to consider taking a loan either as a startup trying to launch or even as an existing business trying to scale up by launching a new product, buy new equipment, rent a bigger space or hire more staff, just to name a few; as a business owner you […]
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INCREASED VAT: Innovation or a desperate move?
The federal government of Nigeria is keen on making more money even as the country appears to need more revenue streams. Due to sustained shortfalls in revenue and an increase in government spending there is a need to find ‘innovative’ ways to scale up revenue. The country’s finance minister introduced the strategic revenue growth initiative […]
Read MoreI’m a Private business, why should I care who wins the upcoming elections?
Startups all over the world are typically known to have a rebellious attitude towards politics and government. The confidence to be rebellious comes from the fact that a successful company can thrive even better without some of the bottlenecks the system creates. The government believes the systems will check excesses and create a fair playing […]
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