">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Sunday, January 17, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

The Best Affirmations for Entrepreneurs going through a rough time

James Musoba by James Musoba
3 years ago
in Startups
8 min read
0
Entrepreneurs working at a co-working space

Entrepreneurship in Africa especially the Sub Saharan has been a topic that has drawn a lot of attention from a good number of people. It looks like one of the viral trends of the 21st century since the rise of”self branded” entrepreneurs has been rampant. Well, the rise of startups across the continent is of course a positive indication that we are heading the right way considering the fact that the levels of unemployment are discouraging.

However, there have been countless cases where startups have failed to survive within their initial stages of development due to so many factors which can be avoided at zero cost. Entrepreneurs should be in a position to maneuver these pitfalls if they need to stay afloat in business.

Defining the Unique Value Proposition

Figuring out clearly what makes your business unique among its competitors is “more than” important for a startup. There is no doubt that a unique idea works because of its uniqueness. Startups may not necessarily have to create a whole brand new idea to disrupt the world but adding value to an already existing idea is one of the ways a business can stand out.

The specific approach a business has in place for solving a particular identified problem is basically what startups should be thinking of. It is crazy that some entrepreneurs have already developed their own social media platforms just like Snapchat or Instagram because the idea made a fortune but it is unfortunate that these ideas have failed to leave a mark failing terribly.

Knowing your targets and goals

I have been able to interact with some of my friends who have started their own businesses and some of the surprising responses I get when I ask them about their goals set for their businesses. Some of them tell me that their goal is to be one of the recognized brands in eCommerce and some in Marketing which is definitely a good achievement but how exactly can a startup measure that? Goals should always the attribute of being measurable. Startups should therefore at some point come to reflect what they have been doing for a period of time, only measurable goals can give out a clear picture of where a business is heading.

READ  VConnect revamps its marketplace for improved business discovery & engagement

Related posts

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0

Cellulant Group CEO Ken Njoroge to step down in June

January 14, 2021
0
work from home kenya

OZÉ Raises $700k To Digitize African MSMEs & Offer Them Affordable Capital

January 14, 2021
0

A realistic and reasonable goal can be something like setting up a target of reaching ten thousand email subscribers for an eCommerce startup. At least it is possible to see what you have been able to achieve.

The Real Task

Before taking a step forward creating that business website or printing out a bunch of flashy business cards, it is important to sit down and have a complete plan on how you will generate your own revenue. It is crystal clear that businesses run and sustain themselves through the revenue. Start by asking yourself, How can I make money today and the whole of the week? It is painful coming to realize that you cannot go on with your business after putting all the resources and sacrifice because your startup does not have a clear revenue generation model.

The best thing entrepreneurs can do is run a presell and see if people are willing to pay for the product or a subscription package when a service is being offered. If you are able to make sales with a good return through revenues, congratulations you have a business but if it is otherwise it is the best time to adjust the plans in place.

READ  Brighter World Energy raises $610,000 to light up Africa

Establishing a Plan to Improve the business

After a business is now able to make money progressively throughout the week, it is certainly the time to focus on the goals that have been set. It may be building the product or service offered to higher standards, marketing or recruiting human resource. These simple plans are crucial in insuring that the business grows and they actually give you the confidence that you are on the right track.

It is at this juncture that entrepreneurs are able to distinguish themselves from the”self branded” wantrepreneurs who normally have no focus on solving the real problems. Africa faces a lot of challenges as a young and growing continent, it is through these challenges we should discover opportunities

Readers 3,638

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: STARTUP
James Musoba

James Musoba

Studying Africa's startup and technology scene. I always look forward to discovering new exciting inventions and vibrant entrepreneurs. Ping me at [email protected]

Related Posts

Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0
Startups

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0
Business

Cellulant Group CEO Ken Njoroge to step down in June

January 14, 2021
0
work from home kenya
Startups

OZÉ Raises $700k To Digitize African MSMEs & Offer Them Affordable Capital

January 14, 2021
0
Startups

France’s OTT platform Molotov expands into 7 African countries

January 14, 2021
0
Startups

Gro Intelligence Raises $85 Million in Series B Funding

January 13, 2021
0
alternative energy building clouds energy
Startups

West Africa’s Daystar Power raises $38 million to accelerate its regional expansion

January 13, 2021
0
Startups

UK & Egypt’s Docspert Health Raises Six-Figure Seed to expand its Telemedicine Platform

January 13, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi

How To Measure How Much You Walk On Your iPhone

January 17, 2021

How To Scan and Sign Documents Directly From Your iPhone

January 17, 2021

realme to release more phones in 2021 to grow its smartphone market share

January 16, 2021

What You Need To Know To Manage Your Network Effectively

January 16, 2021

Baidu establishes an Intelligent electric vehicle arm to bring autonomous cars on a road near you

January 15, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: