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.

Patient's Live Saver System

Published on July 27, 2020 um 15:51

Your title/position

Project Founder & Developer

Type of Enterprise

informal program/project

Year the ngo or company was founded

2018

Explain your project in details:

Patient's Live Saver System has the main aim of saving the patients life using real-time data, and that is why I call it live, how it saves the patients life, the system of recording the patient's data (24/7)e.g.,level of oxygen, heart rate and body temperature and then send the data to the doctor's mobile application so that the doctor will check the patient's condition at any time and anywhere, where it saves a life is when the patient's condition is getting worse, the system will send an alarm to the doctor's application to notify the bad condition of the patient, so the doctor goes to see the patient. In many hospitals right now if the patient's condition gets worse at night it is not easy for the doctor to know it because the doctors are not with the patient all the time.But using this system the relation between the doctor and the patient will be very simpler because the doctor will be receiving the patient's condition all the time.Objectives of the system.(1)Checking the patient's condition all the time- this is very important because it helps to monitor the patient's health.(2)Notifying the doctor when the patient life is at risk - so not only recording the patient's condition but also the system can notify the doctor if at all the patient needs more help when his/her condition gets worse.The whole idea showing the innovation and creativity, for example, the idea of sending an alarm to the doctor, this is a creativity, because I may decide to send the patient's data to the doctor application, but still, the doctor can't check the data all the time, sometimes he/she may be sleeping,so in order to solve this challenge, I decided to introduce a notification/alarm to doctor's application when the patient's condition gets worse.

Impact of your enterprise on sustainable development

Sustainable development can be done or maintained by health people. From the system objectives, the target is to provide instant help to the patient in 24 hrs a week. So the impact of the system on sustainable development is huge because those who can develop that sustainability are healthy people, and the system improves the people's health in one way or another. This project achieved a lot, e.g., while testing the system, the system was able to notify the increase of blood pressure of one of the user/patient who tested the system, and this helped the patient to take a quick reaction and went to see the doctor. The success of this system is measured by checking the number of patients whose data recorded send a notification to the doctor's mobile phone and get instant help from the doctor.

Sustainability and future plans

Until now, I am finding myself to implement the project. After the full implementation of the project, I am expecting to sell the system to different hospitals and provide the system for free to those hospitals which are in rural areas and can't buy the system. What I planned to do is to use a quarter of the money which I shall get from the hospitals who pay for the system, and apply the money to set up the system to hospitals that can't pay to get the system especially in rural areas.

Your profile as an entrepreneur

My name's Nelson Kipengele, 26 years old. I was born and raised in Tanzania, where I studied a Bachelor's Degree in Computer Science at the Institute of Accountancy Arusha under the Information and Communication Unity. Now, I am doing online classes with Coventry University of the UK and expect to finish my studies in September 2020, but also I am working with the Right Student Accommodation Company, which is located in the UK as a Software Developer. I worked with Inspired Ideas LLC as an Intern Software Developer. I got a chance to explore a lot about computer technologies, especially Artificial Intelligence, because the company was developing a healthcare software application that was connected to Artificial Intelligence technology. From this point, I saw Software Development from a different angle, and now I am interested in developing software applications which connect to Machine Learning and Artificial Intelligence technology. Awards/Recognitions. (1)COMMONWEALTH SCHOLARSHIP. - In September 2019, I was awarded a Commonwealth Scholarship to study a Master's Degree in Computer Science in the UK by the Commonwealth Scholarship Commission of which I am in progress. (2) CERTIFICATE OF PARTICIPATION. - In January 2020, I was awarded the certificate of participating in the United Nations SDG International eTournament 2020, which was organized by the CCGame Project from Hong Kong. (3)CERTIFICATE OF MERIT. - In December 2018, I was awarded a certificate of recognition from the Institute of Accountancy Arusha for my outstanding academic performance throughout the three years of my study in the Bachelor of Computer Science program at the Institute of Accountancy Arusha, in Tanzania.

Picture upload

Picture upload

Picture upload

Vote now for: Patient's Live Saver System

Save Voting Process:
In order to vote, you must authenticate yourself by verifiying your email-address

Post a comment

Comments

August 4, 2020 17:03

After reading about the project you proposed, I would like to say that it is a wonderful and fantastic project that support human's health while health they say is wealth as it 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

August 4, 2020 03:25

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.

August 1, 2020 17:32

my constructive sharing and exchanging of imperative guide to my co contestant this week are below, please reflect on it meticulously

ephraim/essien
July 27 - August 1, 2020

Day 22
As a Nigerian Serial Entrepreneur and 2020 Best Idea Contestant. My sole role in this platform is to mobilize my co global youth led innovation towards exchanging and supporting their creative ideas and projects towards contributing to achieving the sustainable developing goals. While envisioning to do volunteer work and assisting upcoming start ups across borders soon.

Campus members did you know that in 7 3 Compose Your Company?

Let is start with a small, manageable example. Rafael Kugel explains Scientists at the University of Essen discovered that the process of removing the rapeseeds bitter hullmade it possible to extract pleasant tasting oil. The valuable properties of rapeseed oil, now more commonly known as canola oil, have long been known, and the German Society for Nutrition DeutscheGesellschaft für Ernährung expressly recommends its consumption because of its nutritional benefits it contains 60 percent monounsaturated fatty acids and high levels of vitamin E, as well as polyunsaturated omega 3 and omega 6 fatty acids. After the discovery of how to make the oil palatable, I thought it would be possible to help canola oil achieve a new economic life. If you packaged this oil in large containers and marketed it directly to the consumer, instead of selling it over the counter in small containers at high prices, would not that convince consumers to buy their canola oil by mail order from me? The Tea Campaign model transferred to canola oil?

Campus members please check page 77 of Brains versus Capital book and apply it in improving your idea and project.

Day 23

Campus members did you know that in this sentence We live in a time of perfect means?

My co contestants, did you know who made this statement? We live in a time of perfect means.
The answer is ALBERT EINSTEIN

Campus members please check page 79 of Brains versus Capital book and apply it in improving your idea and project.

Day 24

Campus members did you know that in this story pages 80 bis 82

An Example Making Toothbrushes Cheaper

Not far from Bonn is a factory that makes most of the toothbrushes sold in Germany. A number of well known
brands have their toothbrushes made for them there. You, too, can have your toothbrushes
manufactured there and sell them under your own name or under some other fancy name. Get together
with your friends and acquaintances and start a Toothbrush Campaign. You know that toothbrushes
should not be used too long otherwise they will damage your teeth, no matter how expensive or
scientific their design. You yourself need at least ten toothbrushes a year. So your own circle of friends
and acquaintances is sufficient for a small campaign. Why should your friends buy their toothbrushes
from you? You can already figure it out. Not because you are attractive and likeable and can talk your
friends into buying them from you, but because naturally your toothbrushes are much cheaper than the
toothbrushes they are buying for themselves, even at the discount store. Materials and production cost
almost nothing. Toothbrushes become expensive because of the advertising to develop the brand and
sales.
How should you sell your toothbrushes? Set up an online shop so that the acquaintances of your
acquaintances can buy a year is supply, or else you can distribute the toothbrushes in person when you
go for a visit. Do not be afraid that your friends will laugh at you. They will only do that at the beginning
before they understand the concept. After that, they will either be green with envy or they will immediately
start looking for a product to use for a little campaign of their own. If you brush your teeth with an
electric toothbrush and we hope you do the enterprise will pay off that much faster. You have certainly
already been irritated at how expensive those little brushes for the top of the hand piece are. Ideally you
should sell the motor right along with it. It should be rugged and have a long service life, and the device
should be designed with sensor technology that adjusts the pressure on the teeth, which is usually too
strong. In this way you will have eliminated the problem created by brand name electric toothbrush
manufacturers, which is that a different toothbrush head must be purchased for every brand of electric
toothbrush.
Now you start to think of a brand name. Take Green for example. Yes, Green. You cannot call your
electric toothbrush Braun Brown Braun is the name of a famous German company with a reputation
for high quality products. But Green maybe you could. To be safe, look for someone whose name is
Green and name your company after him. Keep looking under Green in the telephone book until
you find someone who is willing to go along with this experiment. If when you try to register the name,
they tell you that the name Green is not allowed, bring a legal action. If the brand Brown is allowed,
Green has to be permitted too. What I am really trying to say here is that you should choose a
memorable name that is as simple as possible and not let yourself be dissuaded too quickly by
statements like That would not work or There is one like that already.
The Tea Campaign never had any difficulty buying good quality tea, not even when the tea merchants
tried to use their market power against us and attempted to influence tea producers to stop selling to
us.

These days production is no longer the problem. So what is the problem? Packaging and shipping? This
is handled by professional packagers and shippers. The Projektwerkstatt offers this service we already
ship more than 100,000 parcels each year. We have the entire infrastructure. Your few dozen or several
hundred packages would not make any difference. As far as the costs are concerned, you will be getting
involved with an enterprise that is already operating with extreme efficiency. Even the postage will be
cheaper for you. While you will quickly shell out six Euros for a single package mailed parcel post at the
post office, the same package will cost only half as much with us and you will save yourself the trip to the
post office and the time waiting in line. Obviously the cost of packaging material is also lower because
we buy in quantity. It is a real win win situation. You will save a lot of money, and we will utilize our existing
capacity more efficiently, and later, when you are sending a thousand packages, our costs will be even
lower because now we will have larger volume and better purchase discounts because of you. But check
around to see whether you can find another service provider who might be even cheaper than we are,
or who is in a better position to meet your specific needs.
What is left is operating and administering the online shop. Here the solution is even simpler. Set up
your own online shop by using software that releases you from all the administrative duties. At the end
of the month you will get a report on how much you have sold and earned. If you are curious and want to
check on your business every night, you can call up the latest data yourself any time you want to.
Nowadays, you will find professional service providers who offer this service.
What are you waiting for Campus members please check pages 80 bis 82 of Brains versus Capital book and apply it in improving your idea and project.

Day 25

Campus members today before you made any comment and sharing phase, and cast vote for my idea

Now before you throw this book down in disgust, I will grant you that there are exceptions. When research
and development in the hi tech area is necessary, you will need large amounts of capital. The same
holds true in pharmaceutical research. An enormous amount of capital is required from the first
research findings through clinical trials to the sale of a drug.

Campus members please check page 83 of Brains versus Capital book and apply it in improving your idea and project.

Day 26

Campus members today before you made any comment and sharing phase, and cast vote for my idea

So, now do you want a little company of your own?

Small is beautiful that may be true, you concede. Maybe you are more flexible than the big boys and
You are not saddled with a huge administrative apparatus. But does not a small company have definite
economic handicaps? Small batches, high unit costs, no money for research and development or for
marketing?
Marketing and infrastructure have changed in a way that has made the traditional perceptions of large
and small obsolete. This is because of the openness and transparency of the modern markets, as well as
the new professionalism and process reliability.
Thus, and this is the decisive factor, founders have access to the same market and on practically the
same terms as the big companies.

Campus members please check pages 86 bis 87 of Brains versus Capital book and apply it in improving your idea and project.

Day 27

Campus members today before you made any comment and sharing phase, and cast vote for my idea please read this

You are probably thinking it is cheaper to do things yourself rather than using third party professional
service providers. In practice, however, experience has often shown that if you take all of your own
costs into account, you can buy such services more cheaply than what it would cost you to perform
them yourself.
In summary, as unlikely as it may seem to you at the moment, you can play with the big boys. But you
should be prudent and limit yourself to supplying a single product or a single service. Marketing experts
will try to talk you into diversification so that you can spread your risk. But be careful you will be paying
for this with mushrooming complexity and higher unit costs. It was not without reason that Andrew
Carnegie said, Concentrate your energies, your thoughts and your capital. The wise man puts all his
eggs in one basket and watches the basket. The opportunity for you to become an expert in a single
subject, keep track of your business and be superior to existing conventions in this one thing outweighs
the risk of non diversification.
Later, when you have gathered more experience and your concept has been successful in practice, you can
expand, diversify or even bring the outsourced functions back into your company. At that point your
risks will be manageable and calculable
Campus members please check page 89 of Brains versus Capital book and apply it in improving your idea and project.

My Co contestants CEC 2020, I blissfully want you to support your idea and project through sharing your innate experiences, and exchanging of best practice and well conceived idea at the entrepreneurial laboratory down to one to many so as to motivates you in learning and improving your own idea and project. So please heartily vote and comment for my own idea now. Please kindly cast your vote to my idea link here https www entrepreneurship campus org ideas 23 17721

August 1, 2020 17:32

my constructive sharing and exchanging of imperative guide to my co contestant this week are below, please reflect on it meticulously

ephraim/essien
July 27 - August 1, 2020

Day 22
As a Nigerian Serial Entrepreneur and 2020 Best Idea Contestant. My sole role in this platform is to mobilize my co global youth led innovation towards exchanging and supporting their creative ideas and projects towards contributing to achieving the sustainable developing goals. While envisioning to do volunteer work and assisting upcoming start ups across borders soon.

Campus members did you know that in 7 3 Compose Your Company?

Let is start with a small, manageable example. Rafael Kugel explains Scientists at the University of Essen discovered that the process of removing the rapeseeds bitter hullmade it possible to extract pleasant tasting oil. The valuable properties of rapeseed oil, now more commonly known as canola oil, have long been known, and the German Society for Nutrition DeutscheGesellschaft für Ernährung expressly recommends its consumption because of its nutritional benefits it contains 60 percent monounsaturated fatty acids and high levels of vitamin E, as well as polyunsaturated omega 3 and omega 6 fatty acids. After the discovery of how to make the oil palatable, I thought it would be possible to help canola oil achieve a new economic life. If you packaged this oil in large containers and marketed it directly to the consumer, instead of selling it over the counter in small containers at high prices, would not that convince consumers to buy their canola oil by mail order from me? The Tea Campaign model transferred to canola oil?

Campus members please check page 77 of Brains versus Capital book and apply it in improving your idea and project.

Day 23

Campus members did you know that in this sentence We live in a time of perfect means?

My co contestants, did you know who made this statement? We live in a time of perfect means.
The answer is ALBERT EINSTEIN

Campus members please check page 79 of Brains versus Capital book and apply it in improving your idea and project.

Day 24

Campus members did you know that in this story pages 80 bis 82

An Example Making Toothbrushes Cheaper

Not far from Bonn is a factory that makes most of the toothbrushes sold in Germany. A number of well known
brands have their toothbrushes made for them there. You, too, can have your toothbrushes
manufactured there and sell them under your own name or under some other fancy name. Get together
with your friends and acquaintances and start a Toothbrush Campaign. You know that toothbrushes
should not be used too long otherwise they will damage your teeth, no matter how expensive or
scientific their design. You yourself need at least ten toothbrushes a year. So your own circle of friends
and acquaintances is sufficient for a small campaign. Why should your friends buy their toothbrushes
from you? You can already figure it out. Not because you are attractive and likeable and can talk your
friends into buying them from you, but because naturally your toothbrushes are much cheaper than the
toothbrushes they are buying for themselves, even at the discount store. Materials and production cost
almost nothing. Toothbrushes become expensive because of the advertising to develop the brand and
sales.
How should you sell your toothbrushes? Set up an online shop so that the acquaintances of your
acquaintances can buy a year is supply, or else you can distribute the toothbrushes in person when you
go for a visit. Do not be afraid that your friends will laugh at you. They will only do that at the beginning
before they understand the concept. After that, they will either be green with envy or they will immediately
start looking for a product to use for a little campaign of their own. If you brush your teeth with an
electric toothbrush and we hope you do the enterprise will pay off that much faster. You have certainly
already been irritated at how expensive those little brushes for the top of the hand piece are. Ideally you
should sell the motor right along with it. It should be rugged and have a long service life, and the device
should be designed with sensor technology that adjusts the pressure on the teeth, which is usually too
strong. In this way you will have eliminated the problem created by brand name electric toothbrush
manufacturers, which is that a different toothbrush head must be purchased for every brand of electric
toothbrush.
Now you start to think of a brand name. Take Green for example. Yes, Green. You cannot call your
electric toothbrush Braun Brown Braun is the name of a famous German company with a reputation
for high quality products. But Green maybe you could. To be safe, look for someone whose name is
Green and name your company after him. Keep looking under Green in the telephone book until
you find someone who is willing to go along with this experiment. If when you try to register the name,
they tell you that the name Green is not allowed, bring a legal action. If the brand Brown is allowed,
Green has to be permitted too. What I am really trying to say here is that you should choose a
memorable name that is as simple as possible and not let yourself be dissuaded too quickly by
statements like That would not work or There is one like that already.
The Tea Campaign never had any difficulty buying good quality tea, not even when the tea merchants
tried to use their market power against us and attempted to influence tea producers to stop selling to
us.

These days production is no longer the problem. So what is the problem? Packaging and shipping? This
is handled by professional packagers and shippers. The Projektwerkstatt offers this service we already
ship more than 100,000 parcels each year. We have the entire infrastructure. Your few dozen or several
hundred packages would not make any difference. As far as the costs are concerned, you will be getting
involved with an enterprise that is already operating with extreme efficiency. Even the postage will be
cheaper for you. While you will quickly shell out six Euros for a single package mailed parcel post at the
post office, the same package will cost only half as much with us and you will save yourself the trip to the
post office and the time waiting in line. Obviously the cost of packaging material is also lower because
we buy in quantity. It is a real win win situation. You will save a lot of money, and we will utilize our existing
capacity more efficiently, and later, when you are sending a thousand packages, our costs will be even
lower because now we will have larger volume and better purchase discounts because of you. But check
around to see whether you can find another service provider who might be even cheaper than we are,
or who is in a better position to meet your specific needs.
What is left is operating and administering the online shop. Here the solution is even simpler. Set up
your own online shop by using software that releases you from all the administrative duties. At the end
of the month you will get a report on how much you have sold and earned. If you are curious and want to
check on your business every night, you can call up the latest data yourself any time you want to.
Nowadays, you will find professional service providers who offer this service.
What are you waiting for Campus members please check pages 80 bis 82 of Brains versus Capital book and apply it in improving your idea and project.

Day 25

Campus members today before you made any comment and sharing phase, and cast vote for my idea

Now before you throw this book down in disgust, I will grant you that there are exceptions. When research
and development in the hi tech area is necessary, you will need large amounts of capital. The same
holds true in pharmaceutical research. An enormous amount of capital is required from the first
research findings through clinical trials to the sale of a drug.

Campus members please check page 83 of Brains versus Capital book and apply it in improving your idea and project.

Day 26

Campus members today before you made any comment and sharing phase, and cast vote for my idea

So, now do you want a little company of your own?

Small is beautiful that may be true, you concede. Maybe you are more flexible than the big boys and
You are not saddled with a huge administrative apparatus. But does not a small company have definite
economic handicaps? Small batches, high unit costs, no money for research and development or for
marketing?
Marketing and infrastructure have changed in a way that has made the traditional perceptions of large
and small obsolete. This is because of the openness and transparency of the modern markets, as well as
the new professionalism and process reliability.
Thus, and this is the decisive factor, founders have access to the same market and on practically the
same terms as the big companies.

Campus members please check pages 86 bis 87 of Brains versus Capital book and apply it in improving your idea and project.

Day 27

Campus members today before you made any comment and sharing phase, and cast vote for my idea please read this

You are probably thinking it is cheaper to do things yourself rather than using third party professional
service providers. In practice, however, experience has often shown that if you take all of your own
costs into account, you can buy such services more cheaply than what it would cost you to perform
them yourself.
In summary, as unlikely as it may seem to you at the moment, you can play with the big boys. But you
should be prudent and limit yourself to supplying a single product or a single service. Marketing experts
will try to talk you into diversification so that you can spread your risk. But be careful you will be paying
for this with mushrooming complexity and higher unit costs. It was not without reason that Andrew
Carnegie said, Concentrate your energies, your thoughts and your capital. The wise man puts all his
eggs in one basket and watches the basket. The opportunity for you to become an expert in a single
subject, keep track of your business and be superior to existing conventions in this one thing outweighs
the risk of non diversification.
Later, when you have gathered more experience and your concept has been successful in practice, you can
expand, diversify or even bring the outsourced functions back into your company. At that point your
risks will be manageable and calculable
Campus members please check page 89 of Brains versus Capital book and apply it in improving your idea and project.

My Co contestants CEC 2020, I blissfully want you to support your idea and project through sharing your innate experiences, and exchanging of best practice and well conceived idea at the entrepreneurial laboratory down to one to many so as to motivates you in learning and improving your own idea and project. So please heartily vote and comment for my own idea now. Please kindly cast your vote to my idea link here https www entrepreneurship campus org ideas 23 17721

August 1, 2020 16:27

We really enjoyed reading about your idea! Even the fact that you took interest in a global issue and took the initiative to better the community around you is outstanding, and you should be proud.

With the pandemic hindering in-person collaboration, we wanted to share some resources that personally helped our team in working together remotely. ProfiConf grants you access to HD video conferences in a browser, while platforms like Campfire and TeamViewer allows for efficient online collaboration. Hopefully, this helps!

If you have time, we would really appreciate it if you could take a look at our idea and vote for it/comment on it: https://www.entrepreneurship-campus.org/ideas/28/18345/

Keep up the great work!
Sarah, Miru, and Angela

August 1, 2020 15:37

Day 22
As a budding 2020 Citizen Entrepreneurship Contestant from Nigeria South South Nigeria Region I love my idea and project Electricity for Everyone because I seek out to ask many questions than answers, I am 100 percent focus and self discipline, critical thinker, networker, innovator while my major duty now is to help young people across mother Earth to start developing their inherent entrepreneurial skills and talents towards realizing our 17 sustainable development goals and join me now to ask many questions across our 2020 platform
Holger Johnson is just such a multi founder. In addition to Ebuero AG, he has established, co founded or functioned as a business angel actively engaged in the development of about 20 other companies. How does he do it? He concentrates on the entrepreneurial design, from which he formulates objectives and tasks and then supervises their execution. In this way he uses his head and his time in the area in which he excels. He knows full well that he must not permit too much complexity in his entrepreneurial design work. A high degree of complexity would increase susceptibility to error and require more decision making on his part; it would sap more of his energy and divert his attention from the areas where his best talents lie and from what he most enjoys. Campus members use this in your idea or project
I want all to reflect on it
Day 23
Successful companies originate in the mind. The better an entrepreneurial concept is and the more it is
analyzed and fine tuned, the more it will resemble a finished work of art and the more likely it is to be
successful.
I want all to reflect on it
Day 24
Dorothee is the daughter of a colleague of mine. She was an English major but did not want to become a
teacher. In her free time she creates vases, large ceramic pieces. She asked me whether she could not
make a little business out of this. I asked her a whole series of questions. Did she really enjoy doing it?
Did she enjoy it so much that she could imagine doing it over the long term? Are people willing to buy
these vases with their own money? And much more. Dorothee explained that she really did enjoy
working on her ceramics. That there are people who are buying her vases already and that she is earning
money with them, even when she calculates all her expenses and her own work time. And that if she
wanted to, she could ask for more money.
This did not sound bad. In fact, it sounded very convincing. Dorothee would probably be happier with her
vases than she would be working as a teacher in a job she disliked. My advice do it. Do not let yourself
be dissuaded bet on your artistic talent.
I ran into her again a few months later. Curious, I ask her about her business. I am not suited to be a
business person, she tells me. How so? I ask, amazed. Dorothee explains that she took a course in
starting a business, but I failed the balance sheet analysis.
Balance sheet analysis is something valuable. Nobody who wants to understand the financial situation of
a major company like Siemens can skip the balance sheet analysis. But what Dorothee needed is not a
balance sheet analysis. What she needs to know is whether her work is generating enough income.
Every street kid in Manila, every woman in Bangladesh who gets a microcredit from the Grameen Bank,
has the business smarts for this, without formal business administration concepts and techniques. A
formal requirement just frightens people off, especially creative, artistically inclined people. The start-up
consultant would have given better advice if he had simple told Dorothee to collect the receipts for her
expenses and her income and take them to a bookkeeper, or to pay a student to do her income tax
return. With Dorothee, a promising business founder was derailed because of an incompetent startup
consultant.
I want all to reflect on it
Day 25
Getting rid of the fanciful ideas
And where was the campfire? Much too dangerous. The artistic performances? Could you do a somersault in your confirmation suit? Any fanciful ideas had been taken away from the children before they were even aware of it. The concept of the adventure restaurant was dead on arrival.
I want all to reflect on it
Day 26
An Example Making Toothbrushes Cheaper
Not far from Bonn is a factory that makes most of the toothbrushes sold in Germany. A number of well known brands have their toothbrushes made for them there. You, too, can have your toothbrushes manufactured there and sell them under your own name or under some other fancy name. Get together with your friends and acquaintances and start a Toothbrush Campaign. You know that toothbrushes should not be used too long otherwise they will damage your teeth, no matter how expensive or scientific their design. You yourself need at least ten toothbrushes a year. So your own circle of friends and acquaintances is sufficient for a small campaign. Why should your friends buy their toothbrushes from you? You can already figure it out. Not because you are attractive and likeable and can talk your friends into buying them from you, but because naturally your toothbrushes are much cheaper than the toothbrushes they are buying for themselves, even at the discount store. Materials and production cost almost nothing. Toothbrushes become expensive because of the advertising to develop the brand and sales.
I want all to reflect on it
Day 27
Once you have the concept, you go on to researching and identifying appropriate components. This, too, does not have to become a full time job. Do not be satisfied with the first supplier to come along, just because you are happy to have found a component. Inquire, research, investigate, compare. Finally, you are ready to coordinate the components. This, too, is a manageable task where concepts are simple and straightforward.
Under these conditions illustrated in the examples described above founding a company can actually be a kind of part-time job. Launching a company with a safety net, so to speak. Do not give up your day job, your old occupation, until your own idea concept proves to be sound and sustainable. Wait for your concept to prove itself. Do not put all your money on one card, but establish your business on a carefully considered and securely solid basis. It is not true that the fast devour the slow in every situation, but those who are well prepared and work with professional partners will succeed over those who are excitable, overworked and try to organize everything in house.
I want all to reflect on it
Today, I motivate you to make use of my comment and also share with others in the platform so as to learn and improve your idea and project for successful startups and SDGs realization. I share it freely with others ideas and projects so as to join all in achieving our 2020 target in our entrepreneur campus.
I urge everyone today to freely and blissfully cast their votes and comments to my idea and project Electricity for Everyone and this is a link to my idea thanks a lot
https www entrepreneurship campus org ideas 28 17040 in Adult Project
https www entrepreneurship campus org ideas 26 16940 in Adult Idea

July 31, 2020 15:20

Once again this is a fantastic project @Patients Live saver system. In addition, to my previous comment on your project, I am sharing with you what can help you refine your idea for success.

What does Angel Investors want
Angel investors are an increasingly important source of funding for startups and early stage businesses. Angel investors are experienced entrepreneurs who usually have developed and sold their businesses and want to help startups to develop like they did.

So what do they look for and how can you fit their criteria for investing. Here is what you need to have when pitching to angel investors
1. Sound business plan: There is no getting away from this and a solid business plan and business model will attract angel investors. Having achieved some sales will be a great help and ensure you have regular and transparent accounts.
2. Financial returns: like any investor they will want returns and only invest if they think that your business model will achieve those returns for them.
3. Experienced management team: similar to venture capital firms, angels would like to see an experienced management team. However, given their own experience of starting a business they will understand that sometimes it takes time to build a good team and they will help in funding such people. They will also have a great network that can be used to help the business.
4. Industry sector and special interest: most angel investors will want to put something back into the community and will have developed special interests or stick to industry sectors they know.
5. Passion: like all investors they will want see that the founder has a passion for what they want to achieve and this will be foremost in their minds when they first listen to your pitch.
6. Opportunity to be involved: one of the main reasons angels invest is to recreate the fun they had in developing their own business and they will want to be more involved in advising and guiding businesses they invest into. If the matchup is right, take every opportunity to grab their time and contacts to help with your business, after all they have been through it before.
7. Share of the busines: they will negotiate a share of your business and want a formal shareholders agreement. You may give up part of your equity but have a powerful ally when it comes to looking for funding at the next growth stage of your business.
8. Exit strategy: angels will want to see a clear exit strategy for your business so that they can achieve the returns in the long run. Ensure that this is clear and align your interests with their own.
Angels usually invest smaller sums and this can range from thousands to a few hundred thousand. They can also club together to raise more funds and there are many Angel investor clubs with an online presence.
Most importantly, ensure that you can get on with the angel since you will be working closely together to achieve business success.

In essence, I will like you to understand that what angel investors wants is not very different from the youth citizen entrepreneurship competition application requirement. Please I suggest that you take a careful thought on application of the above points; as the points will assist in ensuring that our ideas and project stand out for possible investment from potential investors.

Also remember to take the campus online training if you have not already done so; as these trainings are to help campus members navigate through the entrepreneurship journey.

Note: Should you find this comment useful and may want to further refine your idea, understand that there is still a window to do that in the competition. You just need to open your page, click on improve, refine your idea as needed, safe, unpublished and republish again.

I hope this helps in refining your idea for a successful implementation

Best wishes in your implementation

Please 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

July 30, 2020 17:07

@Patient's live saver system. Your project is impressive. To add to my earlier comment on your idea, I am sharing with you how to create a winning business model.

What Is a Business Model, Really

Everyone agrees that executives must know how business models work if their organizations are to thrive, yet there continues to be little agreement on an operating definition. Management writer Joan Magretta defined a business model as the story that explains how an enterprise works, harking back to Peter Drucker, who described it as the answer to the questions: Who is your customer, what does the customer value, and how do you deliver value at an appropriate cost.

Other experts define a business model by specifying the main characteristics of a good one. For example, Harvard Business School Clay Christensen suggests that a business model should consist of four elements: a customer value proposition, a profit formula, key resources, and key processes. Such descriptions undoubtedly help executives evaluate business models, but they impose preconceptions about what they should look like and may constrain the development of radically different ones.

Studies suggest that one component of a business model must be the choices that executives make about how the organization should operate-choices such as compensation practices, procurement contracts, location of facilities, extent of vertical integration, sales and marketing initiatives, and so on. Managerial choices, of course, have consequences. For instance, pricing affects sales volume, which, in turn, shapes the company scale economies and bargaining power both consequences. These consequences influence the company logic of value creation and value capture, so they too must have a place in the definition. In its simplest conceptualization, therefore, a business model consists of a set of managerial choices and the consequences of those choices.

Companies make three types of choices when creating business models. Policy choices determine the actions an organization takes across all its operations such as using nonunion workers, locating plants in rural areas, or encouraging employees to fly coach class. Asset choices pertain to the tangible resources a company deploys -manufacturing facilities or satellite communication systems, for instance. And governance choices refer to how a company arranges decision-making rights over the other two should we own or lease machinery. Seemingly innocuous differences in the governance of policies and assets influence their effectiveness a great deal.

Three Characteristics of a Good Business Model

How can one tell if a business model will be effective. A good one will meet three criteria.

1. Is it aligned with company goals
The choices made while designing a business model should deliver consequences that enable an organization to achieve its goals.

2. Is it self-reinforcing
The choices that executives make while creating a business model should complement one another; there must be internal consistency.

3. Is it robust
A good business model should be able to sustain its effectiveness over time by fending off four threats, identified by Pankaj Ghemawat. They are imitation such as can competitors replicate your business model; holdup -can customers, suppliers, or other players capture the value you create by flexing their bargaining power; slack -organizational complacency; and substitution- can new products decrease the value customers perceive in your products or services. Although the period of effectiveness may be shorter nowadays than it once was, robustness is still a critical parameter for effective business model.

Dear campus members, describing our business models is one of the requirements in the Youth Citizen Entrepreneurship competition; Therefore, I honestly suggest that before you submit your idea or project, create time to read this article. If you have already submitted your idea or project, do remember that we still have opportunity to refine our ideas and resubmit.

I hope that you find this useful.

Also, please do 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.
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/

July 28, 2020 15:18

innovative [email protected] live saver system. To add to your solution, I suggest you consider the follwing questions to help and refine your idea for successful implementation:

What will you do different from what others in the same business are doing
How will you get your target customers to learn about your business
How do you intend to make money from your business
How will you sustain your business
What means or tools do you need to implement my idea?
Which are your potential collaborators, investors?

I honestly suggest that before you submit your idea or project, please ask yourself these questions and even if you have submitted your idea, do remember that we still have opportunity to refine our ideas and resubmit. I hope this is beneficial to you.

Also, please do 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.

Finally, I have commented on your idea; please consider supporting my idea with your votes and comments
@https://www.entrepreneurship-campus.org/ideas/26/17094/

July 27, 2020 17:24

[email protected] live saver system. Your idea helping doctors to monitor patients health status is innovative. To refine your idea further, I suggest you consider the following
:
1. Consider implementatin a market survey to understand if there is really a problem for this idea to solve
2. Collaborate with Tanzani's Ministry of health and hospitals in implementing this idea.

I hope that you find this useful.

Also, please do 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.

Finally, I have commented on your idea; please consider supporting my idea with your votes and [email protected]https://www.entrepreneurship-campus.org/ideas/26/17094/