We need to break the Jinx!
MSME AFRICA
Africa's leading news and resources platform for Micro,Small and Medium Enterprises
Is life really that hard???
Hello everyone,
Happy Weekend! I'm excited to talk to you again today, and I have a short story for you.
Toyin stared at her reflection, frustration etched on her face. Another failed business venture. Another shattered dream. She wondered: was she cursed? For years, Toyin had struggled to scale her business, despite her passion and hard work. Self-doubt and fear had taken hold of her. Particularly because it seemed like success was beyond her reach.
Why can't I succeed?" Toyin asked her reflection, tears welling up. "What's wrong with me?"
“I have tried several times to export my products to Ghana and other neighboring countries for over a decade and it has never been successful”
Her friends and family had begun to doubt her abilities. “Maybe, you're not destined to do this!” One of them said Toyin realized that she'd internalized those words. She'd convinced herself that she was jinxed, destined to fail.
Desperate for change, Toyin sought her mentor, Mr. Rotimi. Over coffee, she shared her struggles and fears. Mr. Rotimi listened attentively and nodded. "Toyin, you're not jinxed. You're just stuck. You need to change your mindset." Toyin left the meeting with renewed hope. She started small, setting achievable goals and celebrating each success. This is the story of many of us.
I've discovered that as entrepreneurs, we've all faced moments of self-doubt, fear, and uncertainty. Sometimes it feels like we're stuck in a rut, especially when we repeat the same mistakes.
But what if you could break that jinx? It's time to shatter those mental barriers! No more limiting beliefs or negative self-talk. You have the power to change your narrative.
Enough is Enough! No one is doing you! My Naija folks will understand this! ????. Surround yourself with people who believe in you, expel bad vibes and energy, and focus on your strengths.
Here’s what I have for you today:
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Opportunity Galore
Call For Applications: WIMBIZ Business Pitch Competition 2024
Are you a female entrepreneur in any sector? This is your chance to showcase your business and stand a chance to win cash grants to take your business to the next level! APPLY TODAY?
Call For Applications: BAYI Foundation Sponsorship Opportunity to Attend SVPG Product Masterclass.
BAYI Foundation will be sponsoring two participants to attend the Silicon Valley Product Group (SVPG) Product Masterclass at the Inspire Africa Conference. This sponsorship is open to individuals from diverse backgrounds, including those with experience in product management and development, as well as those looking to transition into product development. APPLY NOW?
Call For Applications: Jim Leech Mastercard Foundation Fellowship on Entrepreneurship 2025 For Africans
Unlock Your Entrepreneurial Potential!
The Jim Leech Mastercard Foundation Fellowship on Entrepreneurship 2025 is now accepting applications from talented African entrepreneurs. This prestigious fellowship offers a unique opportunity to develop your business skills, connect with a global network of innovators, and drive transformative change in your community.
APPLY NOW and join a cohort of visionary leaders shaping Africa's entrepreneurial future!
Call For Applications: Anzisha Prize Venture Building Fellowship 2025 for young African Entrepreneurs? ($140,000 Prize to grow your Business)
The Anzisha Prize Fellowship is now accepting applications from ambitious young African entrepreneurs. This prestigious program offers a comprehensive venture-building experience, culminating in a $140,000 prize to accelerate business growth. Eligible candidates will demonstrate innovative solutions, entrepreneurial spirit, and potential for socio-economic impact. APPLY NOW?
Call For Applications: FG Youth Empowerment through Clean Energy (Distribution Of 2,000 CNG-Powered Tricycles)
The Federal Government invites applications from Nigerian youths for the distribution of 2,000 CNG-powered tricycles. This empowerment program aims to:
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Promote clean energy and environmental sustainability
Foster entrepreneurship and job creation
Enhance youth economic participation
Eligible applicants will receive training, support, and ownership of CNG-powered tricycles. APPLY TODAY?
Call For Applications: 15Wins Venture Funding Program (Up to 50 Million Naira in Funding)
Are you a startup ready to take your business to the next level? Do you have an innovative solution with the potential to disrupt the market? 15Wins Ventures is excited to announce the launch of our 5 billion Naira Venture Fund, dedicated to fueling the growth of Nigeria’s most promising startups. APPLY NOW?
Call For Applications: Green Innovation Challenge (Up to $1 Billion funding for Startups, MSMEs, and SMEs)
This groundbreaking initiative offers up to ?1 billion in funding to startups, MSMEs, and SMEs pioneering eco-friendly solutions. Join the movement towards a sustainable tomorrow! Don't miss this chance to revolutionize Nigeria's green economy! APPLY NOW?
The Entrepreneur’s Quiz
Last Week's Question
What is the term for the process of creating a detailed plan outlining your business's goals, strategies, and financial projections?
A. Business Plan
B. Marketing Strategy
C. Financial Analysis
D. SWOT Analysis
Answer: A) Business Plan
Today's Question?
What is the term for a legal document that outlines the terms and conditions of a business partnership?
A. Partnership Agreement
B. Memorandum of Association
C. Articles of Incorporation
D. Operating Agreement
What is the answer?
Fun Facts about Entrepreneurship
Did You Know?
75% of Entrepreneurs Fund Their Startups with Personal Savings
Most entrepreneurs rely on their financial resources to launch and grow their businesses.?
Breakdown of Startup Funding Sources
1. Personal Savings (75%)
2. Friends and Family (15%)
3. Crowdfunding (5%)
4. Venture Capital (3%)
5. Angel Investors (2%)
6. Small Business Loans (1%)
7. Incubators and Accelerators (1%)
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Till next time
Ododoola, MSME Africa?