Five Steps to Becoming an Entrepreneur

Five Steps to Becoming an Entrepreneur

Evaluate Your Skills

Take your time to be real honest with yourself. Asking questions that aim to expose your strength and areas of improvement can be a great start. Knowing this is a crucial step to your success as an entrepreneur: it helps you identify which areas need more focus than the others; and if necessary where you need help. For instance, you might discover that you are not good at marketing, and so you will need a person experienced in that field to help you.

Research

Now that you have your business idea, it’s time to identify who you will be competing against. Learn about their market size, their customers, their marketing strategies and if necessary their weakness. This is necessary because it helps you determine the market for your business.

Make a business plan

A business plan acts like a roadmap to every business. If you already know every plan of your business, that’s very great. But even if you don’t know at the moment, that’s okay, Entrepreneurship is a process. If you are confident with designing a business plan, 30 minutes will be enough. Most of the business plans are changed as the business grows. Make it as flexible as you can for any future adjustments.

Find a mentor

“Find a great mentor, someone who has already been through the challenges of being an entrepreneur” Jodi. Align yourself with a person who is going to give you advice and support. Look for someone whose business you admire, ask them valuable questions and take the advice they give you seriously. As lucky as you are, most of them are happy to help.

Get into the Entrepreneurial Mindset

All the above steps can end in vain once you fail to develop a mindset as that of Entrepreneurs. As an entrepreneur, be ready to win or lose. But once you fail, just know that most entrepreneurs have been through this. Fail first and learn your lesson. Above all, move on and remember that you are only accountable to yourself. You might need to learn more about the Entrepreneurial mindset by reading books and visiting top entrepreneurial websites. Make sure to apply what you learn!!

Tackling learners’ Challenges as Schools re-open: JA Uganda CEO, Geoffrey Wakhakuyu Speaks to NTV

Tackling learners’ Challenges as Schools re-open: JA Uganda CEO, Geoffrey Wakhakuyu Speaks to NTV

How do we get learners back to school?

The Ministry of Education has released details relating to how learners can return to class following the imposed restrictions caused by Covid-19.

In the interim there have been calls to ensure learners are appropriately skilled in the process. To help us appreciate this, NTV had Geoffrey Wakhakunyu, Executive Director Junior Achievement Uganda.

Watch the interview below.

 

About JA Uganda:

Junior Achievement (JA) is one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success.

Through the delivery of cutting-edge, experiential learning in financial literacy, work readiness, and entrepreneurship, we effectively broaden the canvas of possibility for young people and enrich their ability to both engage in their own economic development and contribute to the strength of their families, communities, and economies.

Junior Achievement Uganda (JA) is a non-profit organization established in 2008 in Uganda as a member nation of JA Worldwide operating mainly in schools & for the last 3 years, involving out of school youth impacting over 130000 learners with the JA flagship program—the JA Company Program to date.

JA Africa and Prudence Foundation Establish 3-Year Partnership to Expand Cha-Ching Program in Africa

JA Africa and Prudence Foundation Establish 3-Year Partnership to Expand Cha-Ching Program in Africa

Accra, Ghana – November 25, 2020

JA Africa and Prudence Foundation, the community investment arm of Prudential in Asia and Africa, announce a new three-year partnership to educate and inspire Africa’s youth on financial literacy through the Cha-Ching program. The Cha-Ching program primarily targets grade 4 and grade 5 students (ages 9-11years), teaching them lessons that focus on four key financial concepts; Earn, Save, Spend and Donate, and provide tools for them to become financially savvy adults.

Since 2016, JA has delivered Cha-Ching in Africa starting in Ghana, then expanding into Zambia, Uganda, Kenya and Nigeria, thanks to grant funding through Prudential plc’s Chairman’s Challenge program. Through this renewed partnership, JA Africa will expand the reach of the Cha-Ching program from five to six African countries, with the addition of Côte d’Ivoire.

Following the successful implementation of the teacher-driven program in Zambia, JA Africa will transition from a volunteer-driven approach, to engaging teachers as the primary delivery mechanism. Across the six countries and over the three-year period, JA will reach a total of 57,750 students in 680 schools, through training 1,360 teachers. JA’s country offices will work with the local Education Services and Ministries to identify both public and private schools to deliver the Cha-Ching Curriculum. JA aims to deliver the program primarily in public schools as students in these schools are less likely to have opportunities to access programs like Cha-Ching.

Although the program assumes in-class delivery by teachers, JA Africa recognizes the impact of COVID-19 on global education and the shift to digital learning; hence JA Africa will also aim to provide support to schools to deliver the Cha-Ching program online where feasible.

“Over the last few years, governments across the continent have recognized the growing and critical need to improve access to information and activities that support improved financial literacy among African youth. The Cha-Ching program is squarely in line with national objectives of the six countries to empower their citizens with knowledge, understanding, skills, motivation and confidence to secure positive financial outcomes for themselves and their families.”

We are excited to partner with Prudence Foundation to continue delivering this impactful program, especially in response to COVID-19 which has created a surge in the number of financially vulnerable people. There is a greater urgency to develop sound financial literacy and habits among African youth for their long-term financial resilience,” said Sena Goka, Director of Grants and Programs at JA Africa.

Marc Fancy, Executive Director of the Prudence Foundation expressed his excitement at the new partnership adding that, ”Financial education and understanding is a key life skill, and we strongly believe that providing children with the appropriate foundations and basic understanding around good money values and behaviour will help them navigate a sound financial future. We are therefore delighted to expand our partnership with Junior Achievement into Africa and bring financial literacy to thousands of children across the continent through our globally recognized Cha-Ching program.

Through JA Africa’s four-year long partnership with Prudential in Africa in the delivery of the Cha-Ching program, over 5,000 students have benefitted from the program and now have the knowledge and skills to make good decisions regarding their finances. Providing financial education to Africa’s youth creates a path to financial inclusion and encourages greater economic participation in Africa.

Ade Ayeyemi, Ecobank Group CEO, Joins JA Africa Board

Ade Ayeyemi, Ecobank Group CEO, Joins JA Africa Board

An astute and experienced banking and financial expert, Ayeyemi will be joining 16 accomplished professionals on the JA Africa Board. Fifteen of JA Africa Board members are independent directors who have elected to serve pro bono. Their leadership, governance and oversight functions advances JA’s mission of shaping the future of work for Africa’s youth.

“I am delighted to welcome Ade Ayeyemi to our esteemed board,” said JA Africa Board Chair, Charles Olumuyiwa Moyela. “Ayeyemi is a world-class professional and an accomplished business leader. He brings invaluable expertise and solid knowledge of Africa’s economic development issues to the JA Africa board.”

 

“At a time like this, his experience, leadership and counsel will help shape JA’s strategic partnerships across sub-Sahara Africa as the organization hones the productive potential of Africa’s youth,” Moyela further remarked.

As the world grapples with the social and economic aftermath of the coronavirus pandemic, Africa’s youth are the worst hit due to the widespread closure of schools, rising unemployment and inequality, and poor health infrastructure. A recent report by the International Labour Organization, “Youth and Covid-19: impacts on jobs, education, rights and mental well-being,” has said the Covid-19 crisis is having a devastating impact on the education and training of young people.

According to the report, 70% of young persons who study or combine study with work have been adversely affected by the 2020 global health crisis. It highlights large ‘digital divides’ between regions, with youth living in lower-income countries, who have less access to the internet, a lack of equipment and often a lack of space at home.

JA Africa’s approach to mitigating these challenges is a hybrid formula of combining in-person and virtual program execution models; JA country teams in 14 African countries have also successfully pivoted some of their programs onto digital platforms, including its signature Company of the Year program.

“We are extremely fortunate to have Mr. Ayeyemi join the JA Africa board at this time because the Ecobank Group’s network across 33 African countries as well as Mr. Ayeyemi’s heartfelt desire to contribute to the growth and well-being of Africa’s youth will be significant drivers towards achieving our goal of rapid expansion across the continent to prepare millions of young Africans for future success,” said Simi Nwogugu, CEO of JA Africa. “I am also grateful for the opportunity to be personally mentored by one of Africa’s most experienced business leaders who has lived and worked in several countries across the continent.”

Commenting on his appointment, Mr. Ayeyemi said: “60% of the population in Africa consists of young people aged below 25, which calls for all decision makers to join hands and focus on creating an enabling environment for them to thrive. I am therefore honoured to serve on the board of JA Africa where I will be able to further contribute towards building a better Africa for them to succeed.”

About JA Africa

About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)

Ecobank Transnational Incorporated (‘ETI’) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 14,800 people and serves about 24 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. For further information please visit www.ecobank.com