5 Steps to Raising Business Capital for StartUps & SMEs

25 Aug
"...Derick is a good cook for a guy! Like he is a chef, trained one with many food exhibitions and successful projects to his credit. I met Derick as a guest at a musical tour event by a popular artist in the south of Nigeria. We connected, shared ideas and chatted about the growing rate of entrepreneurial spirit in the continent of Africa, Nigeria particularly. As for business goals, Derick wants to open a food and confessionary restaurant, so he took the usual road; spoke to family members, spoke to friends using the successes of all his previous projects and exhibition as traction, didn’t even ask for free money but went the hard road of asking for loans and investment funds from these guys but met lots of brick walls. Get this right, he didn’t meet brick walls because these guys didn’t have the money, they are friends, and family members he knew well they could afford what he was asking for. They have hung out severally to have drinks with running over and above the amounts, he asked from each fellow. Guess what he didn’t get the funding support. For whatever reason or reasons, they were less concerned about his business growth and more concerned about having drinks and partying when they can. Was Derrick able achieve his business goal? We would that find out later...." The above is a portion of the introduction to this new ebook - SEED FUNDING SECRETS. This kind of scenario is what an average startup or SME entrepreneur face daily in the African space. Continue reading

3 Business Rainy Days and How to Prepare for Them.

16 Jun
rainy day It's rainy season in Nigeria right now and most parts of West Africa but that's not the problem. The southern part of Nigeria has more rain than other parts of the country resulting in heavy flooding but that's still not the problem. Some people end up losing their business, property, and so on.... Guess what? That isn't even a problem here... What's the problem you might ask? If those points made above are to the problem them what else could be a problem in this cause? Isn't that what you're wondering about? Rainy season is arguably one of the most difficult seasons in the life of an average African (at least where I come from - Nigeria). We've heard time and time again - prepare or save for the 'rainy day'. As cliché as that sounds, it has lots of wisdom in it other literarily and otherwise. The problem is we are mostly now prepared so the rain comes, destroys and the flood (a by-product of the heavy downpour) take some things with it as a souvenir for you 'ill-preparation'. Let's zero in on business which is my main concern here. In business, there are 'rainy days'. They would come trust me! It's as certain as the rainy season coming every year in Africa. Are you prepared? Continue reading