Best Projects 2020 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Hi good day friends
Today I have come to say a big thank you to you for your contribution to the campus. It's been an amazing journey of learning that has improved us beyond our expectations and I am indeed proud of what we have achieved.
My greatest appreciation goes to the Entrepreneurship Team, Campus Administrator particularly and Professor Faltin, campus members, Co contestants 2020 and others global citizens. I am so grateful for this golden opportunity to share my concepts and components with countless brothers and sisters globally.
I also wish to appreciate young founders like Umar Imam, Blossom Odor, Julius Anayochukwu, Tamanna Dua, Shahzeb Khan, Aifuwa Shedrach, Joseph Bahenda,
Olutobi Osanaiye, Comfort Odor, Arnold Lapuz, Emmanuel Ekpeyoung, Ramzi Selah Alsha-ikh and few not yet mentioned that have done very well and grant me the opportunity to do well deeply in this platform. Thank you to All of you that supported my votes and comments to make me reached this zenith height, I really appreciate you all and with many blessings and gratefulness
Greetings from Nigeria! Today is the last days!!!
The competition is ending soon but not the dream of changing the world. Believe in your potential and Keep working on your project!
Nelson Mandela once Said, "it is in your hands, to make a better world for all who live in it". Your idea has the potential to change the world as we know it. So keep working on it, I wish you success on your project, hope you will accomplish that. Anybody can start a business Idea. The Key is to execute and sustain.
In this fight for a sustainable future, what we need is innovation; something which is not necessarily new, but which makes us look at things from a different angle.I believe this is one of the major motives of this community which we are a part of. Taking one step together hand in hand towards our goal is the only way we can achieve it. So I wish you the very best in this endeavour of yours and hope to see you together in the new tomorrow.
Today being the last day of Votes and Comments I will like to shear with you some very important tips on How To Future-Proof Your Business During A Recession.
No business is immune to the effects of recession, but you can take this steps to protect your business.
1/ INVEST IN TECHNOLOGY.
While this depends on the type of the business or product/s, incorporating technology will help you streamline will help your processes and make business more easier.
2/ CREATE A RUNNING LIST OF EXPANSION IDEAS.
The truth is you can/t predict the future, but the more ideas you have the better. Start Now! Create an list of ways your business could adjust to the needs your customers may have during a recession.
3/ CREATE AN ACTION PLAN.
Don/t wait until you notice business is slowing down before you take an action.
Create a go- to- market plan and of course, a financial plan.
I hope this will help you Scale in the long run. And I will also encourage you to read this 2 books Exponential Organisation by Salim Ismail and the Brain Virus Capital by Prof. Günter Faltin.
I wish you all the best in further implementation!
For more information please do not hesitate to contact me via my email [email protected] or Twitte me @oneyoungperson and join me on Facebook via https://www.facebook.com/commandan.auwal
Good luck with your work and wishing you all the success on your journey. Please try to keep in touch.
CEO / Founder IAFAD-NG.
CEO / Co-Founder Afrik Designers.
Its the final days of the competition, and I would like to share with you some tips that I found myself
Having a good visibility is important for business. Without it, a business can be pushed to a corner of isolation.
It is not easy to create and maintain a good level of visibility when you dont have a reasonable public relations game plan - a common challenge that many startups share.
If you are not happy with the level of visibility of your startup, here are some recommendations to address this concern:
1. Make a plan. Dont rely solely on a tactical approach but instead, develop a communications plan for a whole year with specific objectives. Your plan should include key elements including key messages you wish to communicate, a media plan and a projected timeline.
2. Review your startup positioning. It is best to conduct a review of your startup positioning to make sure it is solid and that you are able to articulate the positioning clearly. In many cases entrepreneurs struggle with positioning and cannot explain their company well in front of investors or even on their website. If you face these troubles, be aware that they can affect how you are perceived in the market which situation could ultimately jeopardize your quest for visibility . You could start improving the situation by as basic as perfecting your elevator pitch.
3. Improve website content. Spend some time to reflect on how your website has functioned as a communications platform for your business. You can leverage on analytic tools to run an audit to determine your website performances. Focus on filling up your website with content that your customers and stakeholders would appreciate. Whitepapers, a press kit, a company profile, FAQs, product info are some of the content to consider.
4. Develop a sound media relations plan. If your media publicity performance is poor, a review of the planning and execution of your media relations should be considered to address your weaknesses and leverage on strengths. To get on media relations, start with identifying media outlets that are most important to your startup based on whatever impacts you are trying to create and think of how you can start building a relationship with journalists. An email note that explains who you are and why you matter is worth sending to journalists if you dont get to meet them in-person. Be professional when connecting with the media. Consistently look for editorial opportunities throughout the year.
5. Incorporate press releases into your storytelling. If a press release was never part of your communications, try to look into it now. There are various media outlets that you may reach to tell your startup news story using a press release. A press release would make an effective way to encapsulate your message into a format that journalists are already familiar with. Consider some of your milestones that can be shared in a press release and when a press release is ready, circulate it to the media to interest them in your story.
6. Review corporate information. Review your company information so that any most recent significant changes or updates will be reflected in your company profile document. Recently hired a CTO? Make sure it gets into the company profile.
7. Be smarter with social media. Online engagements are important in most of todays business environment. Just having a Facebook page wont do much if it lacks content or interactions. So improving your social media engagements can help increase your visibility among the community. Active participation in relevant online forums may also be useful.
8. Start blogging. If not enough time is your reason for not blogging, find a motivation to change that. Start with a plan. A company blog is an effective dynamic platform where you can share your startup events, updates, and to share information as part of your content marketing efforts.
9. Become a better communicator. You might want to consider asking someone you trust to evaluate your communications skills and then work on any shortcomings identified. You can also do a quick check on how well you have performed in press interviews, business networking sessions, or events like live pitching to investors. Find out your areas of weakness and look for improvements. When you communicate well, your stakeholders will become interested to listen to you and this brings you a step closer to establishing a good relationship with them for a long term.
All the best!
Happiness is not something that is achieved, it is a skill that is developed and practiced daily. Mastery comes from serving others, because during our darkest moments we must focus on seeing the light.
Your idea is very smart and practical.
Fellow campus member, I have gone through your finely composed write-up (idea/project). It is really unconventional and motivational, keep up the good work. Best of luck in this journey and in your implementation. Stay positive in the competition. You can also support my project (Tonray).
Greetings from Nigeria,
The competition is ending but not the dream of changing the world. Believe in your potential and Keep working on your project!
Nelson Mandela once Said, "it is in your hands, to make a better world for all who live in it".
Your idea has the potential to change the world as we know it. keep working on it I wish you success on your project, hope you will accomplish that.
Anybody can start a business Idea. The Key is to execute and sustain.
So I would recommend that you read the BLOGs and do the online trainings if you have not, just in case the information there could help you refine your idea before the last minute.
I wish you all the best in further implementation.
CEO / Founder IAFAD-NG
CEO / Co-Founder Afrik Designers brand.
Greetings from Kazakhstan! Your project is extremely innovative, but I would like to offer you some specific tips.
1. Reduce the product vision to one sentence
Where to start a startup? Understand what exactly you are doing. If your startup's vision doesn't fit into one sentence, then it will be very difficult for you to convince users that you are doing something really worthwhile. In addition, without a well-defined vision, you are deprived of a reference point that helps you make the right strategic and tactical decisions. Examples of startups with a clear vision:
Airbnb: Creating an open world where everyone can feel at home, wherever they are.
Basecamp: Communication is the foundation of project management.
Lyft (an Uber-like startup): to provide people with pleasant and affordable rides.
Airbnb is a startup with a clear vision
What's the difference between mission, vision and purpose? We covered this issue in an article on the Happy Startup Canvas model used by IT startups.
2. Take a Lean Startup
How to organize a startup that will use resources at a minimum? A lean approach will help here. Lean startup means that you need to attract as few people as possible (the first version of the product could well be created by a team of three people, or you can outsource the creation of MVP) and use cheaper solutions or open source.
3. Set deadlines and an accurate budget for the project
Starting a business from scratch involves determining the scope of work, time and budget. How to balance between them? It is worth starting a startup with an MVP, including only critical functions, the number of which may change during the development stage, and set fixed deadlines and budget. Such restrictions will serve as an incentive for your team and motivate them to seek out-of-the-box solutions.
4. Start creating your product from its centerpiece
Basecamp calls this approach Epicenter Design: you start to design the most important part. For example, if you need to create a startup like Medium, then the main element will be the online publishing tool and the article itself. And the design of everything else (profiles, menus, search filters, etc.) is developed only later. With this approach, from the very first day of work on a project, you focus on the most important. For web applications, the process looks like this:
Preparing paper sketches. It's much faster and cheaper than creating layouts right away and allows you to quickly make changes or redraw something.
5. Offer fewer features
You're solving a problem, right? Then give up the beauties that have nothing to do with your decision! Modern users are more likely to choose products with limited functionality (Snapchat), and services like Facebook are considered boring.
Get in the habit of rejecting any new feature proposal. The same goes for feature requests that users submit: consider adding only after it becomes clear that more and more people are asking for the feature. For example, Twitter only started using link previews in 2015, nine years after launch.
The main danger here lies in the fact that in order to create features, some functional improvements (that is, other features) are often needed, which quickly turn the product into something complex and incomprehensible.
6. Remove unnecessary settings
You don't want users to be stuck for half an hour at the settings screen and then just close your app or startup site, do you? Then help them with a choice. After all, it is not so important whether 5 or 7 posts are displayed on the main page. If any nuance is important to users, they will tell you about it, and you can change such minor details.
7. Give your product a personality
Guided by the vision and knowledge of your audience, create a product that has character and principles of its own. Someone may not like them, but those you are targeting will simply be delighted - what you need for a startup!
For example, the corporate messenger Slack has won the hearts of many developers, but there are plenty of opponents to use it. And MailChimp is hard to imagine without a helper monkey:
Mailchimp is a startup with personality
8. Build an intuitive product
Users only look at the instructions and FAQ when something stops working. Make their lives easier: A brief onboarding should be enough to explain how everything works. By the way, check out our article on simple and straightforward interfaces for the web.
9. Don't try to solve problems that don't exist yet.
One such challenge is scaling. Startups worry that they will not be able to quickly scale the service if the MVP is quickly successful. But getting ready for this is 100% impossible. It is much more important to quickly make changes to the product and identify the startup business model that will work for you. And, of course, please your users.
10. Generate Interest Before Launching Your Startup
Here's how to promote a startup in the best Hollywood tradition:
A couple of months before the launch, launch a "teaser": start blogging, show your logo, give hints about what you are working on and start gaining subscribers and first followers on social networks.
Two weeks before launching a startup, switch to preview mode: start talking about features, show a couple of screenshots or videos, tell about use cases. Give out a dozen invites to stir up interest in your startup.
We hope these tips will help you move from idea to startup faster.
I voted and commented on your idea or project; so please, if you are going online soon, consider supporting my idea of BioFSM with your votes and comments https://www.entrepreneurship-campus.org/ideas/28/19080/
Thank you for supporting my idea with your votes and comments
A business degree isn't what you need to start that business or idea.
If I had gone to business school, I never would have started the company
Would really appreciate your vote.
In a moment of decision, the best thing you can do is the right thing to do, the next best thing is the wrong thing, and the worst thing you can do is nothing. Be miserable. Or motivate yourself. Whatever has to be done, it's always your choice.
>> https://www.entrepreneurship-campus.org/ideas/28/18293/ <<
Good day friend
We have to make high demands on entrepreneurial design because it must provide solutions to a whole range of problems faced by startups.
Would really appreciate your vote
The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.
Your idea is great and very practical.
My dear Campus [email protected], I am very much grateful for your immense support while we are together in this campus. I appreciate your votes and comments on my idea and will never take this for granted. More so, while we have few days to vote, comment on our ideas in preparation for implementation phase of our ideas, I am sharing with you as indicated in one of the articles on this campus, some of the things that can likely put an end to our startups. The essence is for us to guide against them as possible as we can if we want to change the world through our businesses.
Often times we only consider the factors that lead to the success of a startup; however, these are the common factors that we may often overlook that lead to the failure of startups:
. Being inflexible and not actively seeking or using customer feedback
Ignoring your users is a tried and true way to fail. This was the number one reason given for failure amongst 32 startup failure post-mortems being analyzed. Tunnel vision and not gathering user feedback are fatal flaws for most startups. For instance, ecrowds, a web content management system company, said that: We spent way too much time building it for ourselves and not getting feedback from prospects.
2. Building a solution looking for a problem.
Choosing to tackle problems that are interesting to solve rather than those that serve a market need has often been cited as a reason for failure.
3. Not the right team
A diverse team with different skill sets has also been cited as being critical to the success of a startup company. Team deficiencies have been given as a reason for startup failure almost one quarter of the time.
4. Poor Marketing
Knowing your target audience and knowing how to get their attention and convert them to leads and ultimately customers is one of the most important skills of a successful business. Yet, in almost 30 percent of failures, ineffective marketing was a primary cause of failure. Oftentimes, the inability to market was a function of founders who liked to code or build product but who did not relish the idea of promoting the product. The folks at Devver highlighted the need to find someone who enjoys creating and finding distribution channels and developing business relationship for the company as a key need that startups should ensure they fill.
5. Ran out of cash
Money and time are finite and need to be allocated judiciously. The question of how should you spend your money was a frequent conundrum and reason for failure cited by failed startups. The decision on whether to spend significantly upfront to get the product off the group or develop gradually over time is a tough act to balance. The team at YouCastr cited money problems as the reason for failure but went on to highlight other reasons for shutting down versus trying to raise more money writing:
The single biggest reason we are closing down (a common one) is running out of cash. Despite putting the company in an EXTREMELY lean position, generating revenue, and holding out as long as we could, we did not have the cash to keep going. The next few reasons shed more light as to why we chose to shut down
I hope you will derive some benefits from this.
Finally, I have voted and commented on your idea; please consider supporting my idea with your votes and comments @https://www.entrepreneurship-campus.org/ideas/26/17094/
Best of luck in your implementation.
My dear friend @Kimunya, I honestly thank you for the support received from you on this campus. Your votes and comments on my idea and that of other campus members I suppose, have gone a long way helping to review and make our ideas solid and ready for the implementation phase. However, with these few days left for us in this campus to encourage one another on this entrepreneurship journey and with the understanding that many of us will likely launch our ideas at the end of our time in this campus; of course being what is expected of us as an outcome of the time spent on this campus, I am sharing with you yet another interesting post from one of the campus articles on What to Do Next When We are Hustling and It Still Has Not Happened for Us
First, it is natural to think that everything we plan to do with our companies and businesses will go exactly as planned. Unfortunately, most often it is the opposite. So, please understand that there is the problem with the hype about hustle. People have this mistaken belief that with enough hustle, grit, grind, tired Instagram platitude, we can achieve any outcome. But that is false. It is a nice fairytale. But it is false.
Sometimes things are not ready to happen yet because there are literally millions of other factors at play in the world that we cannot see. We cannot produce a miracle no matter how hard we hustle. So, the best is to stop trying to force things, when we find ourselves in this bridge my friends.
However, this does not mean that we should aim low, or that we should not set goals and work towards them. The problem is not with goal setting or ambition. The problem is what to do with our emotions during the in between phases, when our reality does not match our grand vision for life or for our companies and businesses.
Secondly, we must learn to become more comfortable in a state of waiting. Not hoping without planning. Not ambivalence towards the results. But simply putting in the work, then waiting for the results to come in whenever time they are ready to come.
Sometimes life just takes a while to develop, and no matter how hard we push, it is just not the right time for things to pop off for us. Force does not work as a long-term strategy for progress. Since we cannot force anything to happen, the only thing we can do is adjust our perspective. We have to change the way we think about waiting. We need to learn to shift from the mindset that associates waiting with pain and discomfort, to looking at the future with optimism and without obsessing about what we are lacking in the present.
Now what is the advice:
When our hustling does not seem to meet with our vision for our businesses and companies, we need to continue to work hard getting things done. Yes, hustle more. That is obvious. But do not obsess over timetables for when things must happen. If we do that, trust me, we will be disappointed almost every time. Friends we just need to put in the work and let life unfold.
Remember to always give the universe space to do what it can do while we do ours, let there be no high blood pressures, depression and getting worked up. And when the thing we want finally does happen for us, let it be a happy, albeit not entirely unexpected surprise. In other words, chill, and share this with a friend who needs to chill.
Dear friend, I hope this helps you in your implementation phase
Best wishes in this journey and in your implementation. Stay positive on the competition. It teaches us a lot of things to keep us sailing to the beach.
I have voted and made a comment on your idea or project; so please should you come online soon, do consider supporting my idea Eduheal with your votes and comments @ https://www.entrepreneurship-campus.org/ideas/26/17805/
Thank you for supporting my idea with your votes and comments
I have seen your project and I like it. What a magnificent and meritorious project conceptualized by you and your organization. All I have to say to you is these quotes I have used to support you.
Failure is simply the opportunity to begin again, this time more intelligently. A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large.
Henry Ford, founder Ford Motor Company
I have learned that mistakes can often be as good a teacher as success.
Jack Welch, chairman and CEO General Electric
Show me a person who never made a mistake, and I will show you a person who never did anything.
William Rosenberg, founder
Hey ,Thanks for your feedback Miss kimunya!how are you today? it is great to have you on the team representing our beloved country, i am going through your idea project too..it is a fantastic learning tool/program/ to improve communication and how to immediately recognize someone in a crisis. From this your project,crisis intervention training will give us the ability to safely de escalate the situations where we are called to intervene by family members or neighbors to the person in crisis.
l visualize your purposes which aims to: reduce the intensity of an individuals emotional, mental, physical and behavioral reactions to a crisis and help individuals return to their level of functioning before the crisis,ie during pre-post and past crisis,I fully support this with your primary goals to the awareness of crisis which are identified, assessed, and intervened to return the individual to his/her prior level of functioning as quickly as possible and to lessen any negative impact on future mental health with the basic techniques of crisis intervention which aligns with your valued characters and background from your profile,including istening , observing, understanding and responding with empathy, genuineness, respect, acceptance,non judgment and sensitivity! This combined with specific strategies you have at your idea project can be used to promote effective listening during crisis intervention.
Today I campaigns for this with 5votes from my team!!
BEST WISHES FROM
Good day, I hope all is good with you
One can approach the development of an idea totally purposefully and systematically.
Greetings from Kazakhstan! I have found some interesting materials, and I would like to share them with you
1) Undoubtedly, funds will be needed for you (as you already said) to complete this wonderful idea on a full scale. I would like to advise international funds such as The Common Fund for Commodities (CFC), Call for Proposals: Actions to Boost the Development of Finance Markets for Social Enterprises GroFin: Small and Growing Business Fund. You can also take part in contests such as School Enterprise Challenge: Join the movement to build Business Skills!
2) I would recommend you to read a number of books that will contribute significantly to your knowledge about business. They are "The 7 Habits of Highly Effective People: Restoring the Character Ethic" by Stephen R. Covey, "How to Make Big Money in Your Own Small Business: Unexpected Rules Every Small Business Owner Needs to Know" by Jeffrey J. Fox, and "Think and Grow Rich" by Napoleon Hill
I have voted and made a comment on your idea or project; so please should you come online soon, do consider supporting my idea BioFSM with your votes and comments https://www.entrepreneurship-campus.org/ideas/28/19080/
Thank you for supporting my idea with your votes and comments
Hello! Your project is extremely innovative, but I would like to suggest some specific advice. Some of them require making choices. And often this choice is really baffling.
1. MVP versus Ideal Product
1.1. "When you launch a project, you can never tell in advance how the market will react to it. Your vision for your product is a hallucination. No need for fantasies. Start with MVP (Minimum Viable Product) and then use Lean Startup (a set of short iterations). This is the only way to create all successful companies. As a result, you yourself will be surprised to see the business you have created. "
1.2. "People don't know what they really need. A poll from the late 17th century showed that passengers desire faster horses. Only Ford, the genius of foresight, gave the world a puffing iron monster called a car."
"No user in the world saw an iPhone until the genius of Steve Jobs completely, from start to finish, formed and brought to the market the perfect product. A few months before the iPhone was released, Jobs ordered a complete overhaul of the product. He did this only because the smartphone that was almost gone into production did not suit the only user - Steve. Smartphones existed before the iPhone, and they all failed. The reason for the failures is simple - the electronics weren't good enough. Do you know what these were the firms and models? It is true that no one remembers these names. "
"Clients simply are not able to desire something completely new - they only know the familiar things."
"For a fund like Sequoia Capital to invest in you, you must have a Strong Vision. Your idea should be bold, strong, initially worked out, breaking the established stereotypes. Therefore, initially she will be hostile and resisted. Forget about any user, even a Stanford professor, giving you product advice. People will call your service gibberish. This is normal for a disruptive startup. The new scares people. But you mustn't give up. "
In general, don't listen to customers. Believe in yourself. You must know what to do.
Such is the advice from respected investors, backed up by facts. Very reasonable. Old Steve can't be wrong.
3. Singles versus team
3.1. Alone, you are doomed. The Y combinator (Harvard among accelerators) simply does not accept startups with fewer than two team members. And for good reason. First, if you are alone in a team, then you cannot convince even your friend to believe in your product. Needless to say about the whole market. Second, the to-do list for a successful launch is too long for one person. There will be neither time nor competence. You will have to program, draw designs and sketches, prepare pitches, presentations, engage in networking, accounting, open a company, and understand contracts. Isn't the list too long even for Alexander the Great?
Plus, Bill Gates had Paul Allen. Larry Page has Sergey Brin. Jobs has Wozniak. That says it all. Need more arguments? But:
3.2. Nginx is a complex piece of software written by one person. Dropbox, whose capitalization exceeded 10 billion, Drew Houston launched alone, and then frantically searched for a co-founder. And finally, Nikola Tesla - this name alone says a lot.
You should feel that you can turn the world around even alone. Otherwise, you won't succeed with the whole team.
4. To take or not to take money from investors?
4.1. You will be committing a crime against your project and against your team if you do not take the investors' money at the moment they are offered to you. Paul Graham. Startup guru. Master Yoda Y-combinator.
"Markets move in a sinusoidal manner. From time to time they are in a fever with the financial crisis. Force majeure happens. These are tough times. Even if you are doing well financially now, take the money. Then they will press you, but nobody will give you money. The project may show negative dynamics in the future. A financial cushion made of banknotes will help you survive difficult times and overcome the "Valley of Death". Otherwise, a crisis will break out, and you will die with your 100% of the company. "
As he looks into the water. Valuable advice. We must follow. But:
4.2. "Don't take investors' money. Fight for the project to the last ruble without surrendering to greedy financial tycoons. Develop on your own as long as a crumb of bread remains in the house. The percentage of your company that needs to be given back in return for investment is too valuable. Today you will give 35% for a million dollars, and tomorrow you will be begged to take 100 million dollars for 3.5%.
"You have to be an idiot to mindlessly throw away a share in a project for some candy wrappers that will still go down the drain."
And remember: "The temptation to give up will be especially strong shortly before victory." Indeed, even Buddha could not have put it better.
5. At what age to start?
5.1. "A million dollar business on the network can only be built by a person who does not yet know that this is an unattainable goal." A successful startup is always a step beyond the existing one, it is building a new world. Only young people have a fresh perspective on things. Only young people see problems that people over 25 simply do not have. Can you think of SnapChat at 40? Names like Zuckerberg, Page and Brin, Kalkanis are clearly signaling the market to invest in the young.
5.2. "An old horse will not spoil the furrow." Young people learn from their mistakes for a long time, and this process is costly for the company. Building a successful business requires wisdom that comes only with experience. Examples of Jack Walsh, Larry Ellison, who built a business at only 35, show the benefits of experienced people. Statistics show that people over 40 are 80% more successful than young people.
"When we invest in young people, our money goes to their education. The team fails, the business will collapse. Then they start a new company, using the experience gained. After several similar iterations, the older founders finally have a successful business. The wise investor will only invest at this moment. "
6. Do only what you know well. Versus. Discover the unknown: treasures are waiting for the horizon
6.1. "Launching a startup is like jumping off a cliff and trying to build an airplane in flight." Reid Hoffman (LinkedIn Creator, Billionaire, Investor). Throw yourself into battle, do the incomprehensible. In the modern world, competition is so intense that all known problems have already been resolved. If thousands of people know about the problem, then you do not have the advantage of a pioneer. The largest companies pay millions of analysts to report known issues. After that, the giants cast thousands of their employees to solve these problems. Everyone wants to make money. You cannot compete with Google. Therefore, tackle only those problems that analysts will never know about. How to do it? Only by engaging in a completely new direction in which no one has experience, including you. You will be the first to gain experience in the process.
6.2. Do only what you know well. Successful start-ups are obtained solely on the inside, on a deep knowledge of the industry. Long-term work in some areas gives a person an understanding of problems that others simply do not see. You need to quickly overcome the "Valley of Death" and make a profit. It is an unaffordable luxury to waste resources on experimentation. For every Columbus, there are thousands of seafarers still feeding fish at the bottom of coral reefs.
7. Know your monetization or just attract users
7.1. Before starting the project, decide on how the service will make money. Do you have a ton of users, cool retention (return) and insane growth that Facebook never dreamed of? Wait to rejoice, history remembers a ton of these failed companies. As a rule, they sell a ruble for 10 kopecks. For example, free services for uploading pictures and inserting to forums, services for free uploading files - such projects are rapidly gaining popularity, but, like two-hundred-kilogram boars, they constantly consume the capacity of server disks and the bandwidth of your communication channels. Soon, losses start to amount to hundreds of thousands of dollars. And so it will be until you run out of money. After all, closing such a traffic project for a startup is worse than stepping on your throat.
More examples - YouTube's appetite was reaching a million dollars a day before it started bringing in the first cent. It's good that it was acquired by Google, which had that kind of money. A lot of YouTube's competitors just went broke. Or recall Groupon, which sold other people's services at half price - soon restaurants, whose revenue fell sharply, refused to serve customers at half price.
7.2. The main commandment of Silicon Valley investors is that a project should focus on only one thing at a time. Growth or monetization. The combination is equal to death. Making a profit from a project that has no users is problematic. So forget about monetization and only think about user growth and retention. We will give you the money. Look who has taken over the Internet now - giants like Pinterest, which has reached billions in capitalizations without even thinking about making money. You know, when you're big, they just buy you for that. As was the case with the hopelessly unprofitable Tumbrl (Yahoo bought it for a billion). In our world, it is important to be a big hippo. Nothing else matters. Instagram, SnapChat, WatsApp, Viber and others like them. There is a tendency that is criminal to ignore. The rest of the world just doesn't understand anything about the internet. Just create a project that users will love, and the money will come to you.
8. Is a technical director needed right from the start?
8.1. From the very first day you found a startup, you need a good CTO. Better if it is a genius with Asperger's syndrome. A quiet type, avoiding people and spending the whole day at the computer simply because he has nothing else to do. Such a person can hack the Pentagon network in three days, asking for only two burgers and a two-liter bottle of Coca-Cola.
If you start without those. director, then your project will fail. You just waste a lot of time, initial motivation (fuse is very important), but you can never do cool tech stuff, and your service will go down at the first load. You will have to rewrite all the code, and this is at the moment when the money has already run out, and competitors saw your takeoff and copied your service in two and a half days.
Freelancers will begin to blackmail you, realizing how much you need a new function, and will take the project hostage. One crafty freelancer can suck a hapless startup's wallet dry. As a result, the latter will go around the world with a cart, taken away from the nearest supermarket.
Quality paid development is a utopia. For example, Indians (inexpensive literate freelancers) confuse a footer with a header. Think for yourself, your English is a foreign language and theirs too. Broken phone in a square. Belarusian developers will take money and disappear, realizing the opacity of legal boundaries.
After all, there are many more gifted technical directors than there are good entrepreneurs with ideas. I will tell you exactly. Just look at GitHub - how many talents there are who mold beautiful dummies, and do not find use for their technical genius. They need an entrepreneur with an idea, they themselves are looking for such.
8.2. Why do you need a CTO? You can always hire a freelance student or start a WordPress startup like Groupon did. Jumla to help you. Are you not talking seriously? Are you a serious entrepreneur yourself? Most of the hypotheses are tested with DruPal.
Pinterest was made by non-tech guys. Yes, they changed several development teams, but they knew what they were doing and in the end they won. As the project grows, those. You will need a director, but first you need to do more realistic things. You can't find a good programmer during the day with fire. Skilled guys work for large companies. Headhunters from IT giants are setting up surveillance and round-the-clock surveillance of the homes of specialist coders. As soon as programmers step outside their home, they are immediately seduced by multi-million dollar contracts. Recruiters shake puffy checkbooks in front of them and even show them pictures of yachts that will become the property of programmers after just three years at Google. So don't even dream. Look, the Silicon Valley forums are filled with sobs from founders who can't code. It gets to the point where founders with a design or economics background start learning Ruby or Python themselves. There is nothing to do. The best way out is the friendly guys from India. Take it inexpensively.
Such is the advice. Sounds reasonable. Looks logical, especially if you remember 8.1.
9. Work with or without rest
9.1. Work hard around the clock, otherwise you will achieve a result called "nothing." Bloomberg, who became a billionaire and mayor of New York, early in his career at a brokerage firm worked even during lunchtime, when everyone else went out to eat hot dogs and drink coffee. How many of his colleagues do you think became millionaires? That's right, only he is alone.
In the Y-combinator, it is recommended to close at home and not go outside in the first couple of months of work on the project. Don't go out at all. Order food at home and invite housekeepers. Of course, do it over the Internet.
Do you have a family or a girlfriend? The startup is prohibited from knowing these terms.
9.2. Strike a balance. Mandatory time for rest, family and friends is necessary - this will allow you to collect your thoughts and simply increase your work efficiency.
Do you know the story about the driven horse? Or about sharpening an ax. Two foresters argued who would cut down 10 larches faster. One rolled up his sleeves, and only the chips flew. And the second will chop, chop, and then sharpen the ax. So the second one won. It says a lot.
Not only will you be left without money in case of failure, you will also lose all your friends and family. Think about it. The moral support provided by the family cannot be overemphasized.
Success doesn't just find you. You have to go out and get it.
Don't stop when you are tired. Stop when you're done.
This is interesting I took a Psychological First Aid course online this sounds a lot like it. Consider collaborating with online course providers for people in the corporate world, business world too.
Wow, such a fantastic idea! Wishing your team much success. I look forward to seeing the development of this project. Keep up the great work!
an unconventional yet cost-saving process you are then able to offer your product considerably cheaper than the market rate. Why, then, should you be stuck with your product? The requirement here is that you continue to think your project through until you find a better, possibly much better solution than what is already on the market.
Would really appreciate your vote and I am hoping your idea makes it too. All the best
It was indeed a long Competition but the journey we have ahead of us is more exciting. Sustainable development should always be our first priority. Let/s all come together, unite and make the world a better place for us and future generations. Your idea / project is just awesome. Being a social entrepreneur requires a lot of sacrifices and your passion and drive will make your business to succeed.
I am inviting you to support me with comments and to also support other entries to get your bar moving before we reach the finish line. Read the Campus BLOG for more details! You can support my idea Building The Infrastructure For African Culture. at:
Wishing you all success in your entrepreneurial endeavours.
May your new business flourish, may you reap your rewards and may you reach your dreams.
Good luck with your new business!
CEO / Co-Founder
Afrik Designers brand.
Greetings from Nigeria once again.
I hope you are doing great?
Dear fellow campus member,
I find your project highly innovative and needed in such a time as this, and I thought to stop by and check on your progress thus far and must say congratulations for your efforts so far.
We all need to put in more efforts to achieve our dreams. So I just wanted to say that you keep up and be encouraged to do more.
Entrepreneurs make good use of opportunities to create new businesses and turn them into gains.
So they offer new and slightly different things. Such entrepreneurial spirit strongly contributes to the modernization of our economy.
Every year we see new products and technology.
All these products and technology aim to satisfy human needs in a suitable and beautiful way. Your idea is great. It takes just one idea/project to transform the world. As you keep working hard towards your dreams and to add your quota in the improvement of the world, I wish you the very best. Thank you very much for implementing this wonderful idea.
And let\s I forgot, I wanna use this medium to appreciate your immense contribution to the campus and to my idea in particular, I request your continuous support.
So finally before I go I would like to ask you.
How Do You Manage Risk
And Uncertainty In Business?
Suppose you about to launch a new product into the market and your initial survey indicated a 70 percent probability of achieving your desired market share. You conducted another survey and the results indicated only a 55 percent probability. Will you proceed with your initial market entry strategy? Call off the launch? Or Conduct the third survey?
I\m Inviting you to Contact me, on my page to learn strategies for managing risk and uncertainty in today/s business world. Will be expecting to hear from you soon.
With kind regards,
Greetings from Nigeria,
I'm very happy to be with you in this competition and I will say to you congratulations and welcome to the campus I wish you all success in this College.
In this fight for a sustainable future, what we need is innovation; something which is not necessarily new, but which makes us look at things from a different angle.
I believe this is one of the major motives of this community which we are a part of. Taking one step together hand in hand towards our goal is the only way we can achieve it. So I wish you the very best in this endeavour of yours and hope to see you together in the new tomorrow.
Today I wanna shear with you some tips on How To Future-Proof Your Business During A Recession.
For more information please do not hesitate to contact me via my email [email protected] and follow me on Twitter @oneyoungperson / Good luck with your work and wishing you all the success on your journey. Please try to keep in touch
CEO / Founder
Building a thriving community
Hey hi Faith! Today we engaged a campaign on underage drinking 'tap a beer from your tablet' it reached more than 40 likes and about 15 bar tenders and 5 retail shops were reached with UN global SDGs awareness of responsible drinking to sustainable development at my local area.
These initiative was aimed to reach my local community with information about sustainable mobile tap bartending cart and create awareness of SDGs that will enable them to become responsible drinking ambassadors!
We mobile tap bartending cart are committed to ensuring the responsible enjoyment of alcohol,like many others, we know this product can be misused hence our strategic initiatives to promote responsible drinking in our community at local slums as this will allow us to gain important insights and to positively impact more people with our idea project and campaigns on responsible use of alcohol.
By the way we wish to ask for your support and take this initiative to the next level and build thriving communities!
You can vote and comment
My Fellow 2020 Citizen Entrepreneurship Competition Contest, did you know that Entrepreneurial business favors the open mind. It favors people whose optimism drives them to prepare for many possible futures, pretty much purely for the joy of doing so?
And did you All know that Richard Branson said this?
Today i learnt a lot from your idea project,here is my vote and support! keep up the good work and ALL-THE-BEST!
I had to go through ,learn,study from your idea project the skills of a successful entrepreneur,to add skills and be successful in my entrepreneur dreams!
You can [email protected]https://www.entrepreneurship-campus.org/ideas/26/18538
Learn from it too!
Your idea is great!
See things through till the end. Understand that there will be errors along the way, but if something doesn't work, try to figure out why and how before scrapping it.
Hello!!! I want to tell you that it is a great project, very original and of vital importance because mental health today is not a very approached topic, that is, it is not seen as something important. Taking into account the numbers of suicides, and of people who do not know how to deal with depression, your project can be done not only in your country, but throughout the world. Mental health does matter and it is good that there are people like you who want to put together a support team. Regards.
It is important to have a clear sense of mission. Think about who will it benefit, what difference will it make, and how are you going to go about it? It helps to determine the level of social impact in the short and long term and how it will be measured and evaluated. This will also help in reaching the right audience and identifying your marketing and networking strategies.
Many social entrepreneurs build cognitive dissonance into their business models. Their beneficiaries (usually low-income families) have little in common with their customers (usually high income). My advice to you is to develop a business model in which the customer is as close to the beneficiary as possible
Mental health crisis is very serious issue considering the low level of awareness it gives to the brain and without good mental health the decision making proces of individuals can always be faulted
Hello! I'm enjoying my time reading your project here. It is indeed very interesting and insightful. Personally, I consider mental health is a very important issue that we need to address seriously, and I really like your approach in solving this problem.
I believe that through your project, more people will be educated in helping themselves mentally, and I hope to see the world to be a better place. You really get my support and votes!
By the way, I'm looking for some comment and feedback for my project. Perhaps, you could drop by and share your thoughts? :)
Here is the link to my project
Your unique selling proposition (USP) is unlikely to be purely your social mission. You need to find a way to capture how your social mission is related to the quality of your product, which is not always easy or straightforward, and good luck with your idea.
Most social entrepreneurs think big, and that\'s a good thing. You\'re someone who wants to impact the world in the most meaningful way possible.
Thank you all for your insightful comments. They have given me things to think about and avenues to consider. Thank you for taking your time to read through my project as well.
After reading about the project you proposed, I would like to say that it is a wonderful and fantastic project that support mental health which is a priority for a healthy living and it also goes in line with the goals of the United Nation.
The Sdg's are a collection of 17 global goals designed to be a blueprint to achieve a better and more sustainable future for all. Please try to enrol for the Brain Versus Capital Course and also the Sustainable Entrepreneurship Course in the campus so as to make your project environmentally, socially and economically sustainable.
Please vote and comment for my idea too in the campus community "Promoting a healthy lifestyle" (https://www.entrepreneurship-campus.org/ideas/26/18364) as it aims to achieve SDG 1, 2, 3 and 8
While embarking on a quest to change the world may feel lonely, it is important to remember that social entrepreneurship is a team sport, and other people are willing to help. Social entrepreneurs need to stay open and attentive to potential partnership and collaboration opportunities. In many cases, collaborative initiatives and joint-ventures can achieve social/business goals much more effectively than solo endeavors.
@First: Intervening in a mental health crisis, your project assisting in sensitizing people about mental health issues is wonderful. Your idea is wonderful. To add to my earlier comment on your project, I am sharing with you questions from one of our trainings that can help in refining our ideas and projects
What business model will I follow to implement this idea?
What methodology or strategy will I use during different processes of implementing this idea?
Which are the processes I have to go through until the finalization of the idea?
What means or tools do I need to implement my idea?
Which are my potential collaborators, investors?
I honestly suggest that before you submit your idea or project, please and ask yourself these questions and even if you have submitted their project, do remember that we still have opportunity to refine our ideas and resubmit. I hope that you find this useful.
Also, please create time and take the campus online trainings as the trainings are there to help campus members understand what it is to be an entrepreneur.
Please consider supporting my idea with your votes and [email protected] https://www.entrepreneurship-campus.org/ideas/26/17094/
My advice Start small and build momentum, Being a social entrepreneur can be very difficult, you are constantly in a field dominated by changing dynamics, you will often face business challenges, and you have to start small and build your enterprise from the ground up. You must be resilient, realistic, and passionate about your goals and the impact you are trying to achieve.
Great [email protected] Mental health challenges are alarming and several factors are contribute to the hike in cases. Most prominent is peer pressure among young once following their developmental stages. in view of this, I suggest you include in your solution programmes that help young persons take inform decisions about whatever they want to da as well as avoiding risky behaviours. You may make more impacts if you collaborate and partner with the ministry of social welfare in your implementation. Weldone and best wishes on your implementation
Fantastic [email protected] First Mental Health. Issues of mental health are a great challenge in contemporary society. Mental issues cuts across geographical regions and boundaries your idea to help people learn how to take care of the mental victims is laudable. To help uou open up your idea I suggest the following:
1. Many young persons or adults engage in several risky behaviours that eventually lead to mental health issues without knowing, So I suggest you include in your solution, emphasize on prevention. By doing this you will take up lessons on preventing mental health issues as well as media sensitizations on behaviours likely to cause adults and the young ones mental health problems. I suppose that if people are awre of something, many of them will likely take measures not to have such problems.
Secondly, the online trainings are to help us understand how to go about our ideas and projects as campus memebrs so i suggest you create time to study and apply to your work. Weldone and best of luck in your implementation phase.
The idea is very innovative and meaningful. I am sure it will have a profound impact on our society and holistic living. Many congratulations for the same.
Founder and CEO