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.

The Business of Creativity

Published on September 24, 2020 um 14:30

Your title/position

Creative Director

Type of Enterprise

other

Year the ngo or company was founded

2019

Explain your project in details:

This project is purely educational for owners, stakeholders and enthusiasts of creative businesses. The aim is equipping 40 creative startups with basic and hands-on knowledge of startups management and the best implementation strategies applicable. Rather than the usual conference talk, we would critically study the models of our targets, pinpoint loopholes and follow them up for the first 7 months of re-incubation after which we must have established a potentially sustainable business or enterprise.

Impact of your enterprise on sustainable development

Creative businesses in Africa, especially Nigeria, have a great deal of challenges facing them on the quest to grow their brands due to a number of factors among which POOR ENLIGHTENMENT is enlisted. We believe that our project will help 40 creative entrepreneurs reprioritize and get the basics of creative entrepreneurship so as to forget encourage innovation and industry by reducing unemployment in our own little way.

Sustainability and future plans

KINA School of Arts is an educational and Resources outfit. This project is our way of contributing to sustainable development in our environment. Partnership will be sealed with the successful brands via venture capitalism and stake holding as the base of a symbiotic relationship between us and our targets.

Your profile as an entrepreneur

In my 20+ years of existence, I have explored business development and management, creative arts and social entrepreneurship. My major push came after applying for the HULT PRIZE and my team got as far as the international regional level on the ladder where we participated in the challenge of creating 10,000 jobs in 10 years through bioenergy. The major lesson I've learnt is that human needs and problems are never ending and the best way to impact the world even after death is providing solutions in my own way to these problems. I was born, bred and still breeding in Nigeria where opportunities for impact are limitless. The hunger the make impact can't but thrive in such as environment as this I am in

First creative arts fest

Gathering of creatives in our community

Vote now for: The Business of Creativity

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Comments

October 19, 2020 16:21

Hi!

I think this is an excellent idea. In spite of having great ideas, many entrepreneurs do not have the necessary resources required for their start-up to be successful. Therefore, it is great that you are focusing on educating the entrepreneurs. This is a great idea! You have my vote and I wish you the very best for the implementation of this project.

Do check out my idea for an environmentally friendly dustbin Green Bin and give your valuable feedback. Your comment and vote will be greatly appreciated.
https://www.entrepreneurship-campus.org/ideas/26/18177/

Best wishes,
Isha

October 18, 2020 23:55

My dear friend @Adeneye, Having come a long way in this campus together and eventually gradually getting to the end of the voting and commenting phase of this competition, I strongly believe that having taking the campus online training, read through the articles and taking into consideration inputs from fellow campus members as well as equipping ourselves with the necessary skills and knowledge from this campus, we are ready and perhaps most of us are already pitching our businesses and I think that it will be worthwhile sharing with you this article on how to pitch our businesses for possible investment.
It is much easier to talk to an investor if they understand what your company does. As a founder you will have to pitch your startup countless times. To be effective, your pitch has to be clear and concise.

In this post gotten from one of the articles in the campus, the pitch creation process has been condensed to answering seven questions. If you can answer all seven questions succinctly, you will be well ahead of the curve.

The Seven Questions

1. What do you do
Start with the name of your company and what it does. For example, Social cam is a mobile app that makes it easy to take videos and share them with friends and family. There is no need to set up the problem, you can just get to the point.
Too many people spend too much energy trying to make their idea sound impressive. It is ok to keep it simple. Actually, it is preferable. You want to explain what you do in the simplest language possible. This needs to be predigested. Your elevator pitch should be like baby food.

Your goal when answering this question should not be to have potential investors understand your whole business but rather make them interested enough to ask follow up questions.

2. How big is the market
There are two ways to get market size. If you are entering a pre existing space, like small business banking, you can research it. If you are creating a new product or space you can estimate the number of customers that would want your product and approximate how much you could charge them.

3. What is your progress
What investors will be trying to understand here is how fast you produce work. What is the ratio between what you have done and how long you have been working on it
They want to feel impressed with how much you have done in the period of time you have had to do it. This can apply to a company that is one week old or ten years old.

4. What is your unique insight
This is similar to What problem are you solving, but the bar is higher. What investors really want to understand is what you know about the problem that everyone else does not. This is usually derived from multiple conversations with customers, deep analysis of current products in the space, and often personal experience.

5. What is your business model
There are two types of startups, those that know how they will make money and those that have not figured it out yet. By and large, if you are in the second category you are going to either make money by growing big and turning on advertising or you are going to copy the predominant business model in your space. A small subset of companies in the second category will propose a new business model that makes sense given how your product changes the market.

6. Who is on your team
Potential investors are only interested in a few things, How many founders, Is there a technical cofounder, How long have they known each other, Is everyone working full time, What is the equity split among the founders, hopefully equal or close to equal

7. What do you want
There is no need to dance around the ask. If you want people to invest, ask. If you have a question, ask.
Make it easy for investors to help you. They really want to help you.
Once you have answers to each of the seven questions your challenge is to make the answers as clear as possible.

Conclusion
Investors are much more interested in progress than genius ideas. Most good ideas do not look like good ideas the first time you see them so your ability to show progress in your work and intellect in how you answer these questions are two very positive signals.

Dear, I hope this helps in you to peach your business as much as possible and get the necessary funding for your project.
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/

October 18, 2020 14:13

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
Best regards
Dilnaza

October 18, 2020 14:07

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.

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
Best regards
Dilnaza

October 17, 2020 20:15

It is an amazing idea you have.
Excerpt from Brain vs capital
You are perhaps wondering why homely business models like Gottlieb Duttweilers Swiss grocery chain Migros, our own Tea Campaign, or Holger Johnsons Ebuero have enjoyed such resounding success? Ultimately they are all typical of simple but well thought out concepts.

Would really appreciate your vote. Thanks

October 15, 2020 21:47

What role does the concept play in founding a company? Neither the research on entrepreneurship nor the practical advice given to startup entrepreneurs places much weight on the underlying idea. Ideas are a dime a dozen. What could an idea be worth anyway?

Would really appreciate your vote. Thanks

October 13, 2020 07:25

Every great dream begins with a dreamer. Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world.

Your idea is great and very practical.

>> https://www.entrepreneurship-campus.org/ideas/28/18293/ <<

October 12, 2020 11:31

Dear fellow entrepreneur,

As we are entering the last month of this competition, I want to share with you several things that I learned throughout this whole journey.

I figured out that PURPOSE is the only thing that drives a business. When the purpose is gone, that's when growth stops. So I want to encourage all of us to go back to the basics. Ask ourselves, what drives us to start this innovation? What is our deepest desire? And why we want to do it? I hope that this piece of advice can help you as well in your journey, and wishing the best of luck for you

PS: We are still looking for some comment and feedback for our project. Perhaps, you could drop by and share your thoughts? As we only have limited voting time a day, We'll make sure we vote one more time for your project if you drop a comment :)

Here is the link to our project
https://www.entrepreneurship-campus.org/ideas/26/17993/

Best regards,
New Revolution

October 10, 2020 13:36

Dear friend,
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:
https://www.entrepreneurship-campus.org/ideas/26/18576

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!

Kind regards.

Umar Imam
CEO / Co-Founder
Afrik Designers brand.

October 6, 2020 17:44

We recently found some useful tools for market research, and we wanted to share them with you! Jim Vileta Business Research Launchpad is a repository of resources organized by industry (e.g. healthcare, finance, etc): https://www.d.umn.edu/~jvileta/entrepreneurship.html
We found this helpful in strengthening our questionnaire and survey construction, and it helped us develop a stronger framework overall for our business plans. Sites like archive.org also have millions of free resources and datasets open to the public.

If you have time, we would really appreciate it if you could comment on our project entry at entrepreneurship-campus.org/ideas/28/18345/

Have a nice day, and keep it up!
Miru, Angela, and Sarah

October 5, 2020 18:37

Faced with the growing mountain of books on entrepreneurship, why should you read this one? The answer is simple: because it is so different. So plausible. So helpful. It makes you want to reach for the stars, not for the aspirin.

Brain versus capital
Günter Faltin

October 5, 2020 09:51

I hope you are doing well. I just want to tell you that every great dream begins with a dreamer. Always remember, you have within you the strength, the patience, and the passion to reach for the stars to change the world. Your idea is great and very practical. And I suggest to focus more on ability to turn your project which helps people to a funding business, as the fund amount of money will help you in helping more people and scale your business. Kindly can you see our idea and if you like it, you can vote and add your feedback, as that will help us on developing it, too.

https://www.entrepreneurship-campus.org/ideas/26/18976/?

October 5, 2020 04:51

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 'QUEST'ionary 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.

Thank you!

With kind regards,

Umar Imam
CEO / Co-Founder
Afrik Designers brand.

October 5, 2020 04:50

Dear friend,
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.

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.

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.

Thanks!

With kind regards,

Umar Imam

CEO / Founder
Afrik Designers brand

October 3, 2020 17:51

My fellow contestant CEC 2020
Have you done your online training and Sec Course?
If Yes
What inspires you, I want you to share to other entries
If No
What are you waiting for?

For today, I am here to educate you on the following 88 days to 95 days of our votes and interactive phase, so after you reflect on all, share to other entries as well, thanks

Day 88 to 95
Day 88
All the components mentioned here are offered by professional by professional operations or by professional service providers. In a model like the founders job involves
1. Conceiving a concept that can be put together from component
2. Finding partners who offer these components at a professional level
3. Coordinating and controlling the interplay of these components. You can see immediately what tremendous advantages the component model offers.
Day 89
Creating a company with components
1. Almost no investment of your own required
2. Almost no fixed costs
3. Variable costs accrue only actual sales
4. Large savings as compared with establish competitors
5. Professional, highly efficient, virtual and global from the very start.
6. Campus members, read this in Brains versus Capital

Day 90

What should you radically say farewell to campus members?

Campus members do you know the answer is your habitual ideas.

Day 91

Campus members do you know what the advantages of establishing a business using components are?

Did you all know that the answer is minimal fixed costs?

Day 92

On what should be the founder as the lead entrepreneur focus?

Campus members do you know the answer is the concept of this idea

Day 93

Campus members do you know How to be a sustainable entrepreneur part 1, is the ninth assignment and already part of brains versus capital course helps in aspiring us to gain the vital talents and build our mindsets to recognize and develop our ideas and projects?

Day 94

Today sustainability is viewed as the triple bottom line model. The concept asks you see beyond the traditional line of business of the profits that your business makes socially, environmentally, and economically. The circles are all the same size which indicates none of the three fields is more important than the other. The overlapping area emphasizes the reciprocal convention and depending of the three sustainability field.

Day 95

Campus members do you know if you read How to be a sustainable entrepreneur part 1, you will learn more?

October 3, 2020 16:10

Campus members did you all know that this serial entrepreneur says, in my experience, poor people are the world's greatest entrepreneurs. Every day, they must innovate in order to survive. They remain poor because they do not have the opportunities to turn their creativity into sustainable income?

Did you know his name is Muhammad Yunus?

October 1, 2020 19:55

Online trainings and courses here at entrepreneurship campus platform, have expanded my thoughts and powered me to restructure my mission too. it is a free mentorship that tells us everything we need to become sustainable entrepreneurs, from building our idea model with a visual map, turning idea into a project based on sustainable development, it is a privilege being here at entrepreneurship campus, interacting with the globe, expanding my problem solving skills. lets resonate together with this
how did you know that you had the right idea?
What are your lessons?
Even, today blog also says this, as of today, these categories along with the Entrepreneurship Online Training will take the spotlight. You can continue to promote your idea or project if it is published and share suggestions and recommendations with other users to help them improve their entries. If you have not submitted an entry, you can check other entries and vote for your favorites. You can also take free online courses.
I am here to ask you questions, questions, questions, and questions rather than seeking answer, so follow this day 88 - 94

Day 88
All the components mentioned here are offered by professional by professional operations or by professional service providers. In a model like the founders job involves
1. Conceiving a concept that can be put together from component
2. Finding partners who offer these components at a professional level
3. Coordinating and controlling the interplay of these components. You can see immediately what tremendous advantages the component model offers.
Day 89
Creating a company with components
1. Almost no investment of your own required
2. Almost no fixed costs
3. Variable costs accrue only an actual sales
4. Large savings as compared with establish competitors
5. Professional, highly efficient, virtual and global from the very start.
6. Campus members, read this in Brains versus Capital

Day 90

What should you radically say farewell to campus members?

Campus members do you know the answer is your habitual ideas.

Day 91

Campus members do you know what the advantages of establishing a business using components are?

Did you all know that the answer is minimal fixed costs?

Day 92

On what should be the founder as the lead entrepreneur focus?

Campus members do you know the answer is the concept of this idea

Day 93

Campus members do you know How to be a sustainable entrepreneur part 1, is the ninth assignment and already part of brains versus capital course helps in aspiring us to gain the vital talents and build our mindsets to recognize and develop our ideas and projects?

Day 94

Today sustainability is viewed as the triple bottom line model. The concept asks you see beyond the traditional line of business of the profits that your business makes socially, environmentally, and economically. The circles are all the same size which indicates none of the three fields is more important than the other. The overlapping area emphasizes the reciprocal convention and depending of the three sustainability field

October 1, 2020 17:33

Did you know that this outstanding serial entrepreneur says that
The challenge I set before anyone who condemns private sector business is this, If you are a socially conscious person, why do not you run your business in a way that will help achieve social objectives?

You Business Will I

Muhammad Yunus

September 29, 2020 16:24

I welcome you all to the 82 day to 87 Day of our voting and commenting phase

As a budding entrepreneur, I think envision myself asking you much questions than scoring your creative idea via project which I have read and examine and fine it recommendable.

Day 82

By the end of the day, Tom has convinced his friends that it is exciting to paint a fence. But even better, they pay him for allowing them to do the work. Turning work into fun.

CAMPUS MEMBERS DO YOU KNOW you can read brains versus capital for the above quote?

Day 83

Can this little tale be transferred to an entrepreneurial design?

I think so; Tom managed to organize the job of painting a fence in a very special way. With a little imagination and talent for organization. Tom understands that you turn even a punishment into a party.

Day 84

How does Tom Sawyer get his friends to paint the fence?

CAMPUS MEMBERS DO YOU KNOW, by using the motto, Turn work into Fun, which is the answer.

Day 85

CAMPUS MEMBERS DO YOU KNOW According to the text in Brains versus Capital, what should you do to freshen up an old established business model?

Day 86

What can you concretely do to make work fun?

The answer is Develop a systematic process. Read brains versus capital?

Day 87

CAMPUS MEMBERS DO YOU KNOW, start ups with wings is the eight assignment and already part of brains versus capital course and which can help in aspiring us to gain the vital talents and build our mindsets to recognize and develop our ideas and projects collectively in this platform.

September 27, 2020 19:26

Your idea is great !

The key to success is to focus on goals, not obstacles.

I am very happy to be with you in this competition.
https://www.entrepreneurship-campus.org/ideas/28/18293/

September 27, 2020 19:26

Your idea is great !

The key to success is to focus on goals, not obstacles.

I am very happy to be with you in this competition.
https://www.entrepreneurship-campus.org/ideas/28/18293/

September 27, 2020 16:59

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 The Business of Creativity 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.

Thank you!

With kind regards,

Umar Imam
CEO / Founder
Afrik Designers brand.

September 27, 2020 16:58

Dear friend,
Greetings from Nigeria,
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.

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.

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
Thanks!

With kind regards,

Umar Imam
CEO / Founder
Afrik Designers brand

September 27, 2020 13:26

Today i learnt a lot from your idea project,you have the personality and your characters are appropriate for the struggles of being an entrepreneur,social entrepreneur being a person who pursues novel applications that have the potential to solve community based problems,I noted you have self confidence and you are a passionate individual who is willing to take on the risk and effort to create positive changes in our societies through your initiative. how you create value from emotions to vision and mission!  here is my vote and motivation! keep up the good work and ALL-THE-BEST!
I had to go through it,learn,study from your idea project the skills of a successful entrepreneur,to add skills and be successful in my entrepreneur dreams!
[email protected]https://www.entrepreneurship-campus.org/ideas/26/18538
Learn from it too!

September 25, 2020 21:52

Dear Campus [email protected], your idea helping start ups with creativity and management ideas is impressive. To add to your solution, 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/

September 24, 2020 16:26

Dear [email protected], your idea of creativity is impressive. Congratulation on this idea. To add to your solution, I am sharing with you questions from one of our trainings that can help in refining your idea.

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 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 that you find this beneficial to your idea.

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 [email protected]https://www.entrepreneurship-campus.org/ideas/26/17805/