Photo - COMPSTRAT SMALL BUSINESS SCHOOL, ABUJA - NIGERIA
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COMPSTRAT SMALL BUSINESS SCHOOL, ABUJA - NIGERIA

Helping Startups Thrive To Create Jobs

Nigeria
Market: Education, training
Stage of the project: Prototype or product is ready

Date of last change: 30.09.2020
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Idea

A small business school driving 100,000 startup success creating 1,000,000 jobs annually.

Current Status

Product has been validated by sales to a Nigerian MDA as well as social media sales to startups.

Market

The youth segment between age 18 to 35 years of about 350 Million population.

Problem or Opportunity

About 90% out of 10 Million African startups are failing and unable to create jobs. This situation is increasing the poverty and crime levels among African youth. The failure of African startups is a result of poor value proposition and business model. The teaching/coaching presentation of the entrepreneurship skills has not been smart, coherent, and easily understood by the startups to design their winning value proposition and business models.

Solution (product or service)

CompStrat Small Business School is set up to solve the high rate of African startup failure and drive 100,000 startup success creating 1,000,000 jobs every year.

Competitors

Competitor 1 Competitor 2 Competitor 3
Online Companies Private Learning Institutes Public Universities

These businesses offer the existing traditional models which Startups do not clearly understand to design the right business models that generate sales.

Advantages or differentiators

1. Market fit Customer Solution
2. Intelligent Value Proposition
3. Intelligent Business Model
4. Coherent and clarified presentation
5. Apps driven Value Proposition and Business Modelling

Finance

Our Revenue stream includes: 1., Online membership payment subscription for startup @ $10.oo / member 2., Corporate youth skills training sales@ $50.oo / person 3., ebook download @ $5.oo. Our production cost for training material = @ $2.50

Business model

Customer Segment : Youth 18 – 35 years, students, unemployed graduates and Startup. Active on social media mobile. They have smart phones and actively seeking to learn skills to startup. Customer Relationship : Customized training content & Mentoring. Channels : Website, email, ebook, Business App. Online payment, Phone. Revenue Streams : Training, Publishing, Membership registration, Value Proposition :
Simple, smart, coherent, and structured teaching/coaching presentation on business modelling and customer value proposition. Key Activities : Training, Coaching, Mentoring, Publishing, Key Resources : Customer insight, Market intelligence, Innovation, Financial, Partnership. Key Partners :
EdTech App builders, Digital payment providers, Entrepreneurs, Entrepreneur Media, Corporate coys, MDGs. Cost Structure : Production cost = $2.50. Marketing cost = $.7. Sales cost = $.20






Money will be spent on

1. Hiring 10 Analysts and Salaries
2. Renting an Office or Building a small Office
3. Buying Laptops, Mobile Phones
4. Internet Data Subscription
5. Marketing Car
6. Apps / Technology Research and Development

Offer for investor

40%

Team or Management

Risks

1. New knowledge Theoretical Model
2. New and Improved Business Model
3.

Incubation/Acceleration programs accomplishment

Selected for 2020 TONY ELUMELU FOUNDATION Entrepreneurship Training and Grant Award postponed till 2021 due to COVID-19

Won the competition and other awards

Selected for 2020 TEF Entrepreneurship Training and Grant Award for $5000
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video