From Having Healthy Food Options to Starting Siba’s Table. (The Sibahle Mtongana’s Case Study)
As is the case of most entrepreneurs, they start their businesses based on a consistent part of their childhood, it could be a problem they always wanted a solution for; a lifestyle they grew up to enjoy, or a system they always wanted to be in existence. It could even be one or more of […]
Read MoreWhy Does A Startup Need A Business Consulting Firm?
The mentality that we run with, is what makes us neglect manuals, as we attempt to figure it out ourselves. How many times have you considered reading the operation manual of a device? I bet you simply learn on the job but it doesn’t seem to work well every time, right? Right! That’s the reason […]
Read MoreProduct-Market Fit; the soul of every startup
Startups usually have a notoriously small budget, which means that trying to sell your products to everyone will likely result in disaster. As startup owners, you need to keep a narrow focus on your target market, and most importantly, develop a product-market fit. A Startup should prioritize product-market fit above all other goals because finding […]
Read More2020 Q2 GDP DATA POINTS TOWARDS AN ECONOMIC RECESSION; HOW CAN STARTUPS NAVIGATE THROUGH THIS TRYING TIMES
Nigeria’s National Bureau of Statistics recently released 2020 Q2 GDP data. This data showed a contraction of 6.1% when compared with last year’s real GDP. This contraction is the steepest seen since 2004 and an end to three years of feeble but steady growth post the 2017 recession. The decline is mostly attributable to a […]
Read MoreTHE RISING PUBLIC DEBT LEVEL IS KILLING SMEs IN NIGERIA
I’m no policy expert, but the African government has a default setting to result in Irresponsible public borrowing. This phenomenon has caused debt in many African countries to reach a crisis level. Between 2010 till date, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of […]
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 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 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 MoreIdeas are overrated, Work isn’t
Startup Series: Ideas are overrated, Work isn’t How many times have you gotten a mind-blowing idea about how to solve a societal problem or how to develop a revenue generating business? For a lot of us, we come in contact with challenges every day, from seemingly mundane issues like how to get to […]
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