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How to Overcome Common Challenges in Growing Your Black-Owned Business
Hey there! Are you struggling to elevate your black-owned business or find new opportunities in the ever-evolving market? You’re definitely not alone. Many entrepreneurs face significant hurdles on their path to success. But don't worry—I've got some insights that might just help you turn things around. Let’s dive into the problems many of us encounter and how being part of a supportive community like GBE Collective can make all the difference.
1. Lack of Visibility and Promotion
It can be tough to get your business noticed in a crowded marketplace. Whether you're launching a new product or hosting an event, standing out can be a major challenge. Without effective promotion, even the best ideas can go unnoticed.
2. Limited Networking Opportunities
Building meaningful connections can be daunting, especially when you're navigating the complexities of international markets. You might find it hard to meet potential partners, investors, or clients who understand and value your vision.
3. Difficulty Accessing New Markets
Expanding your business into new regions or countries requires a robust network and insider knowledge. Without connections, breaking into new markets can seem almost impossible, leaving many promising ventures unrealized.
4. Insufficient Support for Startups and SMEs
Starting and growing a business is no small feat, and having access to resources and support systems is crucial. Many entrepreneurs struggle with finding the right guidance and resources to overcome initial hurdles and scale effectively.
5. Challenges in Securing Strategic Partnerships
Establishing reliable and strategic partnerships can be a game-changer for business growth. However, finding the right partners and fostering those relationships often requires more than just a good pitch—it takes the right connections and support.
The Benefits of Joining GBE Collective
GBE Collective is here to bridge those gaps and transform the challenges into opportunities for you. Here’s how our community can support you:
Promote Your Business and Events: With GBE Collective, you get access to a platform designed to showcase your business and events to a global audience. Our network helps amplify your reach and connect you with people who are eager to support black-owned enterprises.
Advertise Your Products and Brands: Gain exposure for your products and services through targeted promotions within the GBE Collective network. We offer tools and opportunities to help you stand out and attract the right customers.
Explore Fresh Business Prospects: Discover new business opportunities and entrepreneurial ventures with GBE Collective. Our community is a hub for innovation and collaboration, providing you with the resources you need to explore and seize new prospects.
Connect Exporters and Importers: If you're looking to enter or expand in African and Caribbean markets, GBE Collective facilitates valuable connections between exporters and importers. This helps streamline your business dealings and foster growth in new regions.
Foster Trade and Establish Partnerships: Engage in trade and build lasting business relationships with the help of GBE Collective. Our network is designed to promote economic growth and establish enduring partnerships that drive success.
Support Startups, SMEs, and Institutions: Whether you're a startup, an SME, or an NGO, GBE Collective provides vital support and resources tailored to your needs. Our community is committed to helping you thrive and achieve your goals.
Champion Youth Education through Millionaires Academy: Enhance your skills and mindset with GBE Collective’s Millionaires Academy. Our online courses are designed to equip you with the financial knowledge and positive mindset needed for success.
By joining the GBE Collective, you’re not just becoming a member of a group—you’re stepping into a powerful network dedicated to your success. Embrace the opportunities, connect with like-minded professionals, and let’s achieve greatness together.
Ready to transform your business journey? Connect with us on our social media platforms and become part of the GBE Collective today. Together, we can bridge Africa to the Diaspora and create a thriving business community.
#GBECollective#AfricanDiaspora#BlackOwnedBusiness#EmpowerEntrepreneurs#BusinessAlliances#FinancialResilience#JobCreation#EconomicGrowth#YouthEducation#MillionairesAcademy#PositiveMindset#NetworkingEvents#GlobalBusiness#BusinessPartnerships#SupportSMEs#PromoteYourBusiness#ExploreOpportunities#TradeAfrica#StartupSupport#BusinessNetworking#AfricanEntrepreneurs#CommunitySupport#EconomicDevelopment#FinancialSuccess#IntraAfricanTrade#CorporatePartnerships#IndustrialGrowth#SupportNGOs#ProfessionalNetwork#BusinessEndeavors
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Unveiling Power: 7 Surprising Facts About Africa's Wealthiest Women
Unveiling Power: 7 Surprising Facts About Africa's Wealthiest Women https://www.youtube.com/watch?v=4FSiF9b1_AM Dive into the remarkable journeys of Africa's wealthiest women with our latest video. These trailblazing figures are not only dominating industries such as oil, telecommunications, real estate, and more, but they are also reshaping the socio-economic landscape of the continent. From Folorunsho Alakija's incredible shift from fashion to oil to Isabel dos Santos’ significant contributions to improving education and healthcare, each story is a beacon of inspiration, showcasing hard work, resilience, and empowerment. Meet other phenomenal women like Hajia Bola Shagaya, Ngina Kenyatta, Wendy Appelbaum, Divine Ndhlukula, and Kate Kanyi-Tometi Fotso, who are pioneering change and setting new standards in their respective fields. Their commitment to innovation, ethical practices, and community development highlights their role as mentors and role models for aspiring entrepreneurs everywhere. Join us in celebrating their achievements and the positive impact they continue to make across Africa. Like and share this video to spread these powerful stories of success and inspiration! #empoweringwomen #africanentrepreneurs #womeninbusiness #inspirationalwomen #trailblazers via Top Viral https://www.youtube.com/channel/UClbTtzALtMT8AsToyJnTRGA June 10, 2024 at 11:00PM
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Online News - BATHU SHOES 💪🏾 👞👟🥾 #sneaker #africansneaker #southafrica #africaunite #africanentrepreneur #shoes
Unveiling the Vibrant Ghana Entertainment and Showbiz Industry From the rhythmic beats of highlife music to the captivating performances of Ghanaian movie stars, the entertainment and showbiz industry in Ghana never fails to enchant both locals and tourists alike. With an abundance of talent, creativity, and a unique cultural heritage, this West African nation has established itself as a force to…
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Audu Ogbeh - Nigeria
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We work with development agencies and corporates to develop entrepreneurs and their ecosystem by building innovation programs and platforms. . A pleasure and an honour to build Africa with partners that are invested in the entrepreneurs and the ecosystem for the long term. . @africabusinessheroes competition has announced the top 50 finalists for 2021. This year is the third year of the 10 year investment of US$100 million in grant funding, training programs, and support for the broad African entrepreneurial ecosystem. . Had the delight to help select the top 50, and take in their innovations, passions and entrepreneurial spirit. . Congratulations to you. This year’s Africa Business Heroes Top 50 Finalists! . You were chosen from 12,000+ entries and representing 16 African countries; 38% of Top 50 candidates are female entrepreneurs; 10% are Francophone. Visit the official website of ABH: bit.ly/ABH2021Top50 for more information. . SA Innovation Summit TTA - Pan-African online accelerator and virtual mentorship platform . #entrepreneurs #africa #innovation #startup #development #africanentrepreneurs #investment #africarising https://www.instagram.com/p/CRwxExBjAN9/?utm_medium=tumblr
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If you are interested in securing funds for your Cow/Livestock Farming and Fattening business, we have got a standard livestock farming business plan with a 3-year financial analysis. You can access the ready-made livestock business plan right now with all the financial projections and you can easily modify it to suit your needs. The business plan is in ms word and the financial in excel. Or you can go for a custom-made plan specifically developed tailored to suit your business needs. The ready-made livestock business plan is N10,000 while the custom-made starts from N50,000. Get it today and get a discount. DM or call/text/WhatsApp 07031542324 or email [email protected]. This is not an empty template that you will need to fill, it is a complete already developed livestock business plan for you. It helps you to save time and money. Visit https://utibeetim.com/list-business-plans-available/ Table of Contents i. Overview 1.0 Executive Summary 1.1 Benefits 1.2 Objectives 1.3 Mission 1.4 Keys to Success 2.0 Company Summary 2.1 Company Ownership 2.3 Location and facilities 2.4 Start-Up Summary 2.4.1 Required Funds 3.0 Product Description 4.0 Market Analysis 4.0.1 Market Summary 4.0.2 Market Trend 4.0.3 Marketing Plan 4.1 Market Segmentation 4.2 Target Market Segment Analysis 4.3 Industry Analysis 4.4 Demand 4.5 Challenges Facing the industry 4.6 SWOT Analysis 4.6.1 Strengths 4.6.2 Weakness 4.6.3 Opportunities 4.6.4 Threats 4.7 External Environmental Analysis 4.8 Competition and Buying Patterns 4.9 Market Strategy 4.10 Sales Strategy 4.10.1 Sales Forecast 5.0 Operation plan 5.1 Production plan 5.2 Production costs 5.3 Production process 5.4 Production systems 6.0 Strategy and Implementation Summary 6.1 Competitive Edge 7.0 Management Summary 7.1 Organizational Structure 7.2 Management Team 7.3 Personnel Plan Table: Salaries and Wages 8.0 Financial Plan 8.1 Important Assumptions 8.2 Break-even Analysis 8.3 Projected Profit and Loss 1-3 years 8.4 Projected Cash Flow year 1-3Years 8.5 Projected Balance Sheet 1-3Years Table: Fixed Operating Expenses #utibebiz #businessplan #cow #livestock #fund #loan #nigeria #AfricanEntrepreneurs #naijaentrepreneur #trader #tef https://www.instagram.com/p/CQYQaxHJQMg/?utm_medium=tumblr
#utibebiz#businessplan#cow#livestock#fund#loan#nigeria#africanentrepreneurs#naijaentrepreneur#trader#tef
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#TEF2021 #africanentrepreneurs @tonyelumelufoundation I am Engineer Ahmad Musa and I own an automotive industry in Kano State. (at Engineer Ahmad Musa Kano) https://www.instagram.com/p/CNNFAD2nMlm/?igshid=sfzo6q0gw55o
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Application deadline for the Tony Elumelu Foundation Entrepreneurship Programme is March 31
New Post has been published on https://newscheckz.com/application-deadline-for-the-tony-elumelu-foundation-entrepreneurship-programme-is-march-31/
Application deadline for the Tony Elumelu Foundation Entrepreneurship Programme is March 31
The Tony Elumelu Foundation (TEF) , Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Programme on its TEFConnect digital platform on March 31.
This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities.
To address the unique challenges arising from the pandemic, lift millions out of poverty and create sustainable employment across the continent, the Foundation’s Entrepreneurship Programme will empower over 3,500 young African entrepreneurs in collaboration with global partners.
The Tony Elumelu Foundation, which celebrated ten years of impact in 2020, is empowering a new generation of African entrepreneurs, through the TEF Entrepreneurship Programme.
Successful applicants receive a world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities.
The Programme is open to entrepreneurs across Africa, both new start-ups and existing young businesses, operating in any sector.
According to the Director of Partnerships & Communications at the Tony Elumelu Foundation, Somachi Chris-Asoluka, “Africa’s growing, and active youth population must take advantage of this opportunity and apply for the programme before the 31st of March, as their full participation will create a pathway to economic prosperity.
This year, we have the capacity to empower more African entrepreneurs than ever, further ensuring that they have adequate training, funding and mentorship to boost their performance.
It is time for young African entrepreneurs to embrace this much-needed support system to enable thriving and sustainable economic activity. We believe we will continue to see exponential change in sectors across the continent”.
The Tony Elumelu Foundation’s $100million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered to date, over 9,000 young African entrepreneurs from 54 African countries.
Prospective applicants should apply on the digital networking hub for African entrepreneurs, www.TEFConnect.com.
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*All I Had was AN IDEA!!!* --- Aladesuru Adewale Walter, 2015! DO YOU HAVE A *BUSINESS IDEA* you want to *bring to LIFE....???* Every year, the *TONY ELUMELU FOUNDATION* empowers *Young African Entrepreneurs* across the continent with *a seed capital of $5000, Business Development Training, Mentoring and Access to Networking Opportunities.* Are you ready to join *THE NEXT GENERATION* of *#Africanentrepreneurs* ....? The *APPLICATION PORTAL* opens by January 1st, 2021 on https://www.tefconnect.com #thinkbigwithwalter #TEF2021 https://www.instagram.com/p/CJPOWr1JFn-/?igshid=c3jad2z9sexy
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Cute is when your personality shines through your looks, therefore acceccorize with these STUDDED EARRINGS handbeaded by @busiem_creations #FireBrightBeautifulResults #modernizedearrings #fashionableearrings #seedbeadedaccessories #handmadejewellery #africanentrepreneurs #africanwomendoingit #womenbeaders #womenwithtalents (at Mabopane, Gauteng, South Africa) https://www.instagram.com/p/CACfsY6B0dT/?igshid=1m6hqhy7wt8js
#firebrightbeautifulresults#modernizedearrings#fashionableearrings#seedbeadedaccessories#handmadejewellery#africanentrepreneurs#africanwomendoingit#womenbeaders#womenwithtalents
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I'm inviting you to join CloutBux, a site that lets you earn money with social media. I just earned $100.00 and you can too! Sign up today for a $100 bonus! ref.cloutbux.com/Bit2musictoken #onlinejob #earnmoney #makemoneyonline #onlinemoney #cloutbux #LoveIsland #africanentrepreneurs #africa #dubai🇦🇪 #india #japan #jamaica🇯🇲 #canada🇨🇦 #europe (at Dubai, United Arab Emirates) https://www.instagram.com/p/B9QHuFxHMtn/?igshid=rulsylgf0n7u
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"Next to music and art is teaching and enlightening young minds, it sets my soul ablaze" an interview with Sfiao Dlamini Yehana for Mumbo Afrika.
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Morning❤ I want you to believe in this so we all can spend the day like i do ✔😊 How do i spend? Read the post and you'll know✅ Just Be Kind and Be grateful 💚 . . . . Tag a Friend who needs this 💥 Follow And stay updated with all the new posts 🔥💚💥 . [email protected] --------------- [email protected] --------------- [email protected] --------------- . . #entrepreneurmotivation #entrepreneurialmotivation #entrepreneursmotivation #entrepreneurshipmotivation #motivationalentrepreneur #femalentrepreneur #africanentrepreneurs #aspiringentrepreneur #abujaentrepreneurs #atlantaentrepreneur #aidijumaentrepreneur #entrepreneurskills #femaleentrepreneurassociation #africanentrepreneur #entrepreneurofinstagram #entrepreneurships #entrepreneurlyfestyle #entrepreneursrock #entrepreneurshiplifestyle #entrepreneurbooks #entrepreneurism #entrepreneurmindsets #entrepreneurmuda (at Entrepreneur) https://www.instagram.com/p/B5tpVayggSU/?igshid=576mu7j6jc8v
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Experience what it feels like to be an entrepreneur in the soil of Africa. The initiative is powered by NixxHash Communications
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Secure funds for your business with our professionally developed maize milling Business Plan with 3 years financial projections? We have developed a ready-made maize milling business plan with all the financial projections. You can easily modify it to suit your needs and also use it to source funds for your business. The business plan is in ms word and the financial in excel. Or you can go for a custom-made plan specifically developed tailored to suit your business needs. The ready-made maize milling business plan is N10,000 while the custom-made starts from N50,000. Get it today and get a discount. DM or call/text/WhatsApp 07031542324 or email [email protected]. This is not an empty template that you will need to fill, it is a complete already developed maize milling business plan. It helps you to save time and money. Visit https://utibeetim.com/list-business-plans-available/ Table of Contents i. Overview 1.0 Executive Summary 1.1 Benefits 1.2 Objectives 1.3 Mission 1.4 Keys to Success 2.0 Company Summary 2.1 Company Ownership 2.3 Location and facilities 2.4 Start-Up Summary 2.4.1 Required Funds 3.0 Product Description 4.0 Market Analysis 4.0.1 Market Summary 4.0.2 Market Trend 4.0.3 Marketing Plan 4.1 Market Segmentation 4.2 Target Market Segment Analysis 4.3 Industry Analysis 4.4 Demand 4.5 Challenges Facing the industry 4.6 SWOT Analysis 4.6.1 Strengths 4.6.2 Weakness 4.6.3 Opportunities 4.6.4 Threats 4.7 External Environmental Analysis 4.8 Competition and Buying Patterns 4.9 Market Strategy 4.10 Sales Strategy 4.10.1 Sales Forecast 5.0 Operation plan 5.1 Production plan 5.2 Production costs 5.3 Production process 5.4 Production systems 6.0 Strategy and Implementation Summary 6.1 Competitive Edge 7.0 Management Summary 7.1 Organizational Structure 7.2 Management Team 7.3 Personnel Plan Table: Salaries and Wages 8.0 Financial Plan 8.1 Important Assumptions 8.2 Break-even Analysis 8.3 Projected Profit and Loss 1-3 years 8.4 Projected Cash Flow year 1-3 Years 8.5 Projected Balance Sheet 1-3 Years Operating Expenses #businessplan #maize #utibebiz #loan #grant #fund #swotanalysis #naijabrandchick #nigeriabusiness #lagos #AfricanEntrepreneurs #africa https://www.instagram.com/p/CQVwQpLJw4q/?utm_medium=tumblr
#businessplan#maize#utibebiz#loan#grant#fund#swotanalysis#naijabrandchick#nigeriabusiness#lagos#africanentrepreneurs#africa
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Meet 4 Inspiring African Entrepreneurs in the Recycling Business
Waste management is a major problem in Africa and several other continents around the world. There are not a lot of systems available to effectively and properly manage waste in Africa. According to a World Bank Urban Development Series report, Africa currently produces just about 70 million tons of waste every year. A lot of this waste goes to litter the streets and causes pollution. Pollution is harmful to the environment and is also harmful to the health of the local populace. Seeing the lack of efficient waste management, some African entrepreneurs have seen an opportunity and turned it into profitable businesses. These entrepreneurs have developed systems and solutions to effectively manage waste. They have been able to reduce pollution, making the environment and the health of the local populace better. On this post, we would be meeting 4 African entrepreneurs in the recycling business. These entrepreneurs are inspiring and are dedicated to making Africa a cleaner place.
African Entrepreneurs in the Recycling Business: Bilikiss Adebiyi Abiola, Wecyclers, Nigeria
Bilikiss Adebiyi Abiola is the CEO and co-founder of Wecyclers in Lagos, Nigeria. Wecyclers is a for-profit social enterprise that helps local communities recycle unmanaged waste. The enterprise was founded in 2012 and she developed the idea as an MBA student in the USA. She saw the huge potential of the recycling sector in Lagos, Nigeria. Seeing as Lagos is the most populous city in Nigeria with over 16 million people. The city produces up to 10,000 metric tons of waste every day. A lot of that waste is not collected or properly managed and goes on to clog the drainage systems in the city and also litters the city. She decided to change that, she uses low-cost cargo bicycles called “wecycles” to provide convenient recycling services to households in Lagos by using an SMS-based incentives system. Her business is very successful and has gathered local and international support.
African Entrepreneurs in the Recycling Business: Andrew Mupuya, Yeli, Uganda
Around 2007, the Ugandan government placed a ban on plastic bags because of excessive environmental pollution. This led to Andrew Mupuya who was 16 at the time to get inspired to manufacture paper bags. He founded Yeli which is Uganda’s first paper bag company, in 2008. He was still in school at the time but raised the money to start the business ($14) by selling 70 kilograms of plastic wastes, and borrowed another $3 from his teacher. Mupuya then did research by visiting kiosks and small businesses to know if they had any need for paper bags. Once he saw that there was a market for it, he started manufacturing paper and now his business has grown exponentially. His business has been recognised by various international platforms like Forbes, CNN and he also won the $30,000 Anzisha Prize.
African Entrepreneurs in the Recycling Business: Lorna Rutto, EcoPost, Kenya
Lorna Rutto started EcoPost after she left her banking job in 2009. EcoPost is a recycling business that recycles plastic waste and uses them to manufacture fencing posts. The post made are used to fence houses and forest reserves. Her posts have become the preferred alternative to timber, she has been able to save 250 acres of forests which would have been destroyed to produce wood for building and construction needs in Kenya.
African Entrepreneurs in the Recycling Business: Bethlehem Tilahun Alemu, soleRebels, Ethiopia
Bethlehem started the soleRebels, a footwear brand in 2004. Her footwear brand is very unique because it is 100 per cent made by hand using locally-sourced and recycled materials like old car tyres, discarded clothes and hand-loomed organic fabrics. Bethlehem uses experienced and highly-skilled local craftsmen to transform these recycled products into beautiful and world-class footwear. Her footwear brand is doing really well, she has received numerous local and international recognition. Her brand sells in more than 50 countries around the world. Read the full article
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