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Showing posts from December, 2019

10 BEST WAYS TO RAISE CAPITAL FOR YOUR STARTUP

Do you want to know the best ways to raise capital for your new company or startup? The statistics of Startup "success" are scary, so it is no wonder that investors are cautious when an entrepreneur approaches them with the next revolutionary business idea. Inc. Magazine reports that 25 percent of all startups will not make it past the first year. Fifty percent die within the first five years and only 10 percent of them make it to their sixth year. Another six percent are gone before the 10th year. How can you avoid being another startup failure? It is all about raising smart startup investments. Use these 10 ways to raise money for startup businesses. 1.       Understand Your Options In sourcing for funds for your business, you must learn the basic investment terminology before approaching potential investors. ·          Private Equity Firms: Private Equity firms manage investment money for private individual or privately-owned businesses. Private equity and VC

Tony Elumelu Foundation to Open Applications for the 2020 TEF Entrepreneurship Programme on January 1, 2020

The Tony Elumelu Foundation (TEF) is an African private-sector-led philanthropy dedicated to empowering African entrepreneurs — will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020. Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation. The TEF Entrepreneurship Programme is open to entrepreneurs from across Africa, either with new startup ideas or existing businesses of less than 3 years existence, operating in any sector. Successful applicants will join the over 9,000 current beneficiaries, from 54 African countries, and receive business training, mentoring, a non-refundable $5,000 of seed capital and global networking opportunities. Last year, the Foundation received about 216,000 applications, with 42% coming from women entrepreneurs, from every country on the continent. The Programme is a 10-year, $100 millio