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Nairaland Forum / Nairaland / General / Business / Youwin Business Competition 2013 (396440 Views)
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Re: Youwin Business Competition 2013 by samuelkingz(m): 9:25am On Oct 08, 2014 |
good morning house..i hav been highly inspired by all ur creative ideas...and congrats to u all hu made it..pls i wld like to know if an idea like recycling of waste products into reusable products can make it through youwin...recycling (products such as paper,plastic,metals etc)pls ur suggeations wld be valuable.tanks |
Re: Youwin Business Competition 2013 by Denn(m): 10:20am On Oct 08, 2014 |
Donxavier: i have responded. Which fund is that? do you know the specific name? financing and grants are not the same...i prefer a grant/dash to a loan...however, a loan is better than nothing. 1 Like |
Re: Youwin Business Competition 2013 by Denn(m): 10:27am On Oct 08, 2014 |
samuelkingz: value creation is key. there should be someone somewhere who is ready to pay for your product or service...and you should be reachable to that person. The points to identify are: What do you want to recycle? what do you want to get as an output? who are the ready consumers of the output? what is the process cost (or conversion cost from waste to wealth)? conduct a cost versus benefit analysis of the whole process how much can you sell the outcome to make a profit? will the consumer be willing to pay the cost-plus margin price willingly? risk analysis...market, industry, regulatory, foreign, etc once you provide the answers, then we can fire up. cheers and welcome. 2 Likes |
Re: Youwin Business Competition 2013 by samuelkingz(m): 10:54am On Oct 08, 2014 |
tanks a lot sir,i hav not really given a deep research into....but now i wld work on all dese factors u hav listed...more advises re highly appreciated |
Re: Youwin Business Competition 2013 by Nobody: 11:55am On Oct 08, 2014 |
Denn: Sent you the file.. Well, I guess it depends on how you view it. A loan at 7% interest rate with a loan tenor of up to 15 years and a first year moratorium with the maximum of up to N1b at your disposal is surely better than a max 10m grant. A grant/dash is only for start-up purposes, to enhance and grow a business you would need loans at single digit interest rates. Sadly, with the commercial banks going at 23%, you can see the dilemma of the average business man. These CBN programmes do help, with the MSMEDF at 9% but it can be better. 1 Like |
Re: Youwin Business Competition 2013 by Denn(m): 12:07pm On Oct 08, 2014 |
Donxavier: You are right. I won't mind lending on that condition in addition to a grant. We can't blame the banks. They lend out based on the cost of funds they receive. Diesel, salaries, returns on investment, regulatory levies, costs of operations, cash handling costs, security, atm maintenance, etc... Costs are high bro. Diesel and security alone can account for over 30% savings... And this is a conservative estimate. Banks don't run generators in Developed countries. I have responded to your mail as regards our discussion. Thanks |
Re: Youwin Business Competition 2013 by Nobody: 1:05pm On Oct 08, 2014 |
Denn: Thanks so much you've been very helpful. So the 9% MSMEDF is the best offer on cards right now in this country |
Re: Youwin Business Competition 2013 by Denn(m): 1:33pm On Oct 08, 2014 |
Donxavier: Yes. |
Re: Youwin Business Competition 2013 by Nobody: 9:11pm On Oct 08, 2014 |
The invitation is out. Check your mails. 1 Like |
Re: Youwin Business Competition 2013 by wakes: 9:39pm On Oct 08, 2014 |
Dear....... You are invited to the validation process that determines your eligibility for the YouWiN! grant award and the signing of a Legal Agreement with the Federal Ministry of Finance scheduled to take place as follows: Date: Saturday, October 25 2014 Venue: Phase 2 Auditorium, Federal Ministry of Finance, Ahmadu Bello Way, Abuja Time: 7:30am You are required to bring along with you the original and 1 photocopy of the following; 1. Your Government issued ID that confirms your identity, age and Nigerian citizenship these include one of the following; driver’s license, national ID, voter’s card, international passport, birth certificates and sworn declarations of age obtained prior to August 2014) 2. For new businesses, registration documents or proof to show that you have started the process of registration of Business Name with the Corporate Affairs Commission (CAC). For businesses in partnerships- you are required to come along with a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above. 3. For existing businesses; registration documents (including particulars of shareholders and directors where applicable or partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above), evidence of previous annual report, cash flow such as bank statements, purchase orders, customer’s receipts or other evidence of previous transactions carried out within the last 6 months only. *Please note that you must comply with instructions as described above as failure to do so will result in you not being validated. Also note that you are responsible for all travel and lodging expenses for this meeting as there will be no reimbursements. Make every effort to attend this event because the validation and legal agreement signing are mandatory criteria that makes you eligible to receive the YouWiN! funds. |
Re: Youwin Business Competition 2013 by Denn(m): 9:46pm On Oct 08, 2014 |
7.30 am is steep. Means lodging overnight in Abuja. Not every body can afford such business travels. An empowerment program should not deplete scarce personal resources. It won't cost the organizers the world if they had 6 validating zones spread across the country... Valid thinking. Wish concluding time was certain to determine flight back to lagos. |
Re: Youwin Business Competition 2013 by favoryourl(m): 10:37pm On Oct 08, 2014 |
You are invited to the validation process that determines your eligibility for the YouWiN! grant award and the signing of a Legal Agreement with the Federal Ministry of Finance scheduled to take place as follows: Date: Thursday, October 23 2014 Venue: Phase 2 Auditorium, Federal Ministry of Finance, Ahmadu Bello Way, Abuja Time: 7:30am You are required to bring along with you the original and 1 photocopy of the following; 1. Your Government issued ID that confirms your identity, age and Nigerian citizenship these include one of the following; driver’s license, national ID, voter’s card, international passport, birth certificates and sworn declarations of age obtained prior to August 2014) 2. For new businesses, registration documents or proof to show that you have started the process of registration of Business Name with the Corporate Affairs Commission (CAC). For businesses in partnerships- you are required to come along with a partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above. 3. For existing businesses; registration documents (including particulars of shareholders and directors where applicable or partnership deed duly notarized by a commissioner of Oath to show ownership of majority shares by 51% and above), evidence of previous annual report, cash flow such as bank statements, purchase orders, customer’s receipts or other evidence of previous transactions carried out within the last 6 months only. *Please note that you must comply with instructions as described above as failure to do so will result in you not being validated. Also note that you are responsible for all travel and lodging expenses for this meeting as there will be no reimbursements. Make every effort to attend this event because the validation and legal agreement signing are mandatory criteria that makes you eligible to receive the YouWiN! funds. Note: Participation in YouWiN! is FREE for all components of the program, and has not authorized any individual or organization to collect payments for participation. Candidates and awardees are advised to make no payments to anybody on account of YouWiN! participation and are required to immediately contact the secretariat should anyone request payment Yours, YouWiN Programme. N.B: Please note that this email is sent without prejudice to the prerogative of the Federal Government of Nigeria to withdraw, terminate or modify the YouWiN Programme at any time without notice to you 1 Like |
Re: Youwin Business Competition 2013 by konos(f): 10:50pm On Oct 08, 2014 |
Haven't seen any mail yet. Still waiting |
Re: Youwin Business Competition 2013 by konos(f): 10:54pm On Oct 08, 2014 |
Going to bed a beg. will check tomorrow |
Re: Youwin Business Competition 2013 by Nobody: 11:07pm On Oct 08, 2014 |
Denn:don't you have family or friends there? |
Re: Youwin Business Competition 2013 by Denn(m): 11:16pm On Oct 08, 2014 |
blink182: I do... It's work in lagos. Was thinking of jumping in and out... Same day |
Re: Youwin Business Competition 2013 by Denn(m): 11:34pm On Oct 08, 2014 |
Hello Guys Please I need your help. I have designed my website... Yes I did it myself. I need inputs on its depth and quality. The site is www.sherdenfarms.com The only page not uploaded is the 'about us' and it's for a specific reason. All comments welcome pls. Thanks 1 Like |
Re: Youwin Business Competition 2013 by chukwuka12: 5:18am On Oct 09, 2014 |
@Denn we are almost there... A little more sacrifice will not kill ... Remember it is assumed that the awardees are unemployed.... Ministry of Finance is only in Abuja... Cheers |
Re: Youwin Business Competition 2013 by Denn(m): 6:05am On Oct 09, 2014 |
chukwuka12: Hehehehehe... Unemployed, under employed and not satisfied with being a permanent employee seems similar to me. You are right. |
Re: Youwin Business Competition 2013 by Nobody: 6:27am On Oct 09, 2014 |
Denn:then take the chance. The volatile stages are behind you. |
Re: Youwin Business Competition 2013 by Denn(m): 8:19am On Oct 09, 2014 |
Olsey: Recognition to the creator of this thread... May God create more success paths for you. Thanks 3 Likes |
Re: Youwin Business Competition 2013 by Nobody: 8:25am On Oct 09, 2014 |
Denn:Please can you mail me your number so we can chat on whatsapp |
Re: Youwin Business Competition 2013 by Denn(m): 8:47am On Oct 09, 2014 |
blink182: Done |
Re: Youwin Business Competition 2013 by chukwuka12: 9:05am On Oct 09, 2014 |
Denn: Nice one.... |
Re: Youwin Business Competition 2013 by hexgear(m): 9:08am On Oct 09, 2014 |
This is just one of the great initiatives by the Federal Government to promote indigenous entrepreneurship. Even if the Government can't help alleviate Job scarcity, at least they can support local Business which would in turn create more Job opportunities for Nigerians. If you've got a good Business idea then you've got nothing to loose, you should give it a shot! On the other hand, if your problem is getting your business recognized then check out http://Naibac.com they can offer you FREE Advertising on Social Media to help give your Business some exposure. Just visit http://Naibac.com and register, pick a category that best describes your profession and enter more details about your Business. You can also follow them on Twitter: http://Twitter.com/naibacloud |
Re: Youwin Business Competition 2013 by jaydee87(m): 9:13am On Oct 09, 2014 |
pls is the program on now.... |
Re: Youwin Business Competition 2013 by Nobody: 9:31am On Oct 09, 2014 |
hexgear: Do you mean YOUWIN or what exactly are you referring too? |
Re: Youwin Business Competition 2013 by Nobody: 11:02am On Oct 09, 2014 |
Denn:Thanks man |
Re: Youwin Business Competition 2013 by konos(f): 2:44pm On Oct 09, 2014 |
I have not yet seen the email from you win. How many people have seen theirs I.e. invitation for validation and sign of legal docs |
Re: Youwin Business Competition 2013 by favoryourl(m): 3:09pm On Oct 09, 2014 |
konos:check ur spam mesaages |
Re: Youwin Business Competition 2013 by Nobody: 3:12pm On Oct 09, 2014 |
favoryourl:Please mail me your phone number so we can chat on whatsapp. Thanks |
Re: Youwin Business Competition 2013 by konos(f): 4:35pm On Oct 09, 2014 |
I have seen it. Tanks : : 1 Like |
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