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CompStrat Small Business School

The smarter way to coach, learn, or build business.

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

Date of last change: 14.02.2022
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Idea

A business skills learning solution that brings clarity, coherence, and structure to coaching, learning, or building business closing existing skill gaps resulting to high rate of failure of Startups.

Current Status

The product is at prototype / product stage and getting a lot of traction with sign-on by B2B and B2G corporate clients sponsoring skills training for thousands of unemployed graduates. Currently, we have two Nigerian federal and state government corporate client sign on. The solution content is presently being written into a textbook with plans to build a Learning Application in the 3rd quarter of 2022 upon successful fund raising round. The virtual learning platform will take-off between end of February to 1st week of March, 2022.

Market

My customers/clients are the students in colleges and institutions of higher learning in Africa and all over the world. They are mostly the youth defined broadly within the age range 16 - 35 years, socially mobile with digital information and communication skills with access to computer or mobile phone and internet subscription. They are found in all regions and communities of Africa and across the world.

The global e-Learning market is worth over $250.8 Billion in 2020 amidst the COVID-19 Pandemia which resulted to a significant shift to 25% in e-learning by individuals, educational institutions, and businesses in Africa. The market is projected to grow at a CAGR of 10.3 % in size to $457.8 Billion between 2022 - 2026. With a global population of college students at 220 million, and 19.6 million college students in Africa, the global e-business learning sub-sector is estimated at 50% market share ($228.9 Billion) of the global e-learning estimate of $457.8 Billion while the e-tech sub-sector is estimated at 30% ($137.34 Billion).
After a thorough analysis of the business implications of the COVID-19 Pandemic, the Academic (Colleges) segment is projected to record 10.2% CAGR and reach $314.oo Billion by the end of 2026/7. Growth in the Corporate segment is estimated at 10.6% CAGR or $48.537 Billion for the next 7-year period.

Driven on the increasing penetration of mobile communication infrastructure and digital mobile internet data in urban and suburban communities in Africa, there is a growing demand for practical business and technology skills by the youth to build small businesses and create wealth.

My customers/clients are segmented into Retail/Individual clients and Wholesale/Corporate clients.



Problem or Opportunity

My Startup is solving the knowledge and skill gaps in Africa's College entrepreneurship business skills learning curriculum which drives recurring high rate of failure of Startups (90% +) as a result of poor design of customer innovatiive solutions, poor value proposition, poor business model and poor business growth strategies. This problem further creates high rates of youth unemployment(33.6%) and poverty(55%). The existing learning solutions has failed to solve the primary problem and resultant consequences. The target clients are willing to pay for effective solutions.

Solution (product or service)

S.O.L.V.E.is all about coaching business skills on the processes of building a Startup to growth/expansion detailing relevant tasks required to deliver on each process.
2. The process of building Startup from idea validation to growth provides a cohrrent structure for presenting business learning while the tasks required at each process constitute the skills learning modules.
3. Presentston on founder"s leadership tasks, vision, values, and strategies to drive the processes completes it.
S.O.L.V.E. makes coaching or learning business simpler, easier, and smarter.

Competitors

The competitive landscape of the Africa e-learning market has been studied in the report with the detailed profiles of the key players operating in the market.

Sudden outbreak of the COVID-19 pandemic has augmented the adoption of E-learning platforms and online classes due to the temporary closure of brick-and-mortar education facilities across the region.

Some of these key players include:

Via Afrika

Obami -

Dapt.io – Multiplayer action mobile game available on web browser, android, iOS. Players control tanks and earn points by destroying shapes and killing other players in a 2D arena.

Eneza Education – Ed-tech company providing curriculum aligned revision material in all subjects for primary and secondary school level.

Tutor.ng (Reference: imarcgroup)

eLearnAfrica (World University News)

U-Lesson –

Tekedia -

Other global e-learning competitors are:

Kognity -

Udemy -

Coursera -

E-business Learning Market Segment:

eLearnAfrica announced a partnership with the Association of African Universities that would expand online learning opportunities for students enrolled in its 380 member institutions, potentially making educational opportunities available to 10 million African students.
The e-learning arm of the Pan African University was officially launched in December 2019, allowing millions of Africans to enroll in online courses and programs.
Other global e- business learning competitors are:

Kognity -

Udemy -

Coursera -

Tony Elumelu Foundation – Provides entrepreneurship business skills learning and mobile mentoring/networking platform.

Enterprise Development Center (Pan African University) -

The following are the top 10 best business schools in Africa.

Gordon Institute of Business Science – South Africa
The Gordon Institute of Business Science (GIBS) is an affiliate of the University of Pretoria. It is the best business school in Africa according to the Financial Times- the UK’s leading financial publication. The 2020 rankings placed the Gordon Institute of Business Science within the top 50 business schools in the world, making it not only the best in South Africa but on the whole Africa continent.
The school was established in 2000 and offers internationally accredited MBA programs, Post-graduate Diploma in Business Administration, Doctorate in Business Administration, and a wide range of academic and executive courses.

Wits Business School – South Africa
Wits Business School has featured in many international rankings consecutively as one of the 100 best business schools in the world. The school was first established in 1968 and is based in Africa’s economic hub Johannesburg. The school offers a wide collection of executive and business courses including a Senior Executive Program run in affiliation with Harvard Business School. It also run MBA and other Master’s business degree courses.

The University of Dar es Salaam Business School – Tanzania
This is one of Africa’s top-rated business schools. It is located on the main campus of The University of Dar es Salaam- the oldest public university in Tanzania. The University was established in 1961 as an affiliate of the University of London.
The institute runs four departments General Management, Marketing, Finance and Accounting.

Lagos Business School – Nigeria
The Lagos Business School was first established in 1991. It started out as a small institution in Lagos Nigeria as the Centre for Professional Communications, but has grown to provide academic programs and executive business management programs relevant not only to Nigeria or Africa but to the World at large. Since 2007 till date the Lagos Business School has gained global recognition as one of the leading business schools in West Africa.

American University in Cairo School of Business – Egypt
First known as the School of Business Economics and Communications, the American University in Cairo School of Business got its new name in 2009 with the aim to create an academic Centre that nurtures future innovative business leaders and entrepreneurs. The institute has gained global recognition and attracts business leaders across the globe.
The American University in Cairo School of Business is one of the leading Egyptian institutions that managed to make significant progress. The school offers amazing courses to both induvial and cooperate organizations.

Makerere University Business School – Uganda - established in 1960 as the Nakawa College of Business Studies, offering business and management programs. However, in 1997, the college merged with the Makerere University’s Faculty of Commerce to what is known today as the Makerere University Business School.
The school is rrecognized as the benchmark and icon institution for Business and Management education in East Africa.

Strathmore Business School, Kenya - is one of the best business schools in Africa. Launched in 2005, the school offers MBA and postgraduate business degree courses as well as executive education degrees.
The institution is one of the most highly sought-after business schools on the continent. The school contributes immensely to the development of small and medium-scale enterprises in Kenya. It features a wide range of business management and leadership programs.

University of Ghana Business School – Ghana - one of the highly-ranked business schools in the West African region. It was first established as the Department of Commerce at the Kumasi College of Technology (now Kwame Nkrumah University of Science and Technology). The school offers a wide range of undergraduate, master’s, postgraduate and PhD programs under various academic departments in business courses
The school collaborates with other top business schools in Africa, Asia, North America, Europe and Africa in areas of research development, academic program, case studies and faculty exchanges.

HEM Business School – Morocco - founded in 1988 and is the largest private-owned business school in the Africa continent. It attracts students from all African countries.
The school offers various MBA, postgraduate and master’s degree programs with a specialty in Business courses and has attracted a host of investors from across the world. Its biggest investors include the International Finance Corporation and the World Bank affiliate.

The United States International University-Africa Business School – Kenya
The United States International University-Africa Business School – Kenya is one of the best business schools in Africa. It attracts students from all countries across the continent. The school is the oldest owned private university in Kenya. It offers MBA and various master’s level degrees at Master in Business Administration and Executive Master of Business Administration.

Other globally competitive top rate business schools offering world class entrepreneurship skills learning offline and online since COVID-19 Pandemia programs are:

Harvard Business School, USA
Stanford Graduate School of Business, USA
Columbia Business School, USA
Massachusets Institute of Technology, USA
Chicago University Business School, USA
Cambridge University School of Business, UK
And other top rate European business schools.


In the coming years, the industry competition will be defined on clarity and coherence in skills training, structure and smartness of delivery, and innovation in user experience, not on learning system or model.

CompStrat Small Business School has taken a comprehensive review of the existing coaching models which are basically driven on traditional business course teaching programs that lacks structure, system, and coherence to design a game-changing innovation in business learning solution S.O.L.V.E.
CompStrat SBS will compete successfully on its innovative, game-changing solution S.O.L.V.E.
CompStrat S.O.L.V.E. makes learning and building business easier, simpler, clearer, and fun. Just as BODMAS or PEMDAS simplify and clarify complex Algebraic equation in high school Mathematics in structured and methodical formulae, S.O.L.V.E. provides clarity, coherence, structure, and method to business learning presentations and skills challenges in building a business.

Advantages or differentiators

S.O.L.V.E. smart business skills modules are a result of disruptive thinking and secured on intellectual property rights patent. S.O.L.V.E. is derived from its revers acronym E.V.L.O.S.
The differentiators and the unique advantages are the design of the learning modules that is systemic, structured, and coherent presentation. The skills learning modules was developed on the process of building a Startup from the idea to growth/scale as follows:
1. Enovation or Problem-Solving skill set. 2. Value design skill set. 3. Leadership or Founders skills set. 4. Operation skill set. 5. Strategy or Growth skills set. Business strategy covers strategic subject areas like operation, financing, marketing, sales, branding, and relationship building skills.
1.ENOVATION or Problem-solving skill sets is the technical skill required for solving a consumer challenge or pain point. This skill set covers consumer/customer research skill, market or competition research skill, consumer demographic and psychographic analysis, and solution innovation design skills.
2. VALUE design skill sets covers of consumer/customer values analysis, customer value promise or unique selling proposition, and business or profit model design skills.
3.LEADERSHIP or Founder skills set covers the business vision, mission, core values, ethics, culture, and strategy design skills including relationship/partnership building skills.
4. OPERATION skills set covers basically resource planning, organizing, and management, These staff, managerial, intellectual asset, material, financial, and cultural resources. Operation is the production room of the enterprise and entrepreneurship. These skills set requires strategic mindset especially in recruiting and onboarding talents for driving enterprise growth.
5. STRATEGY is the critical core skills set that determines entrepreneurship success. Strategy is the innovation driver that ensures that the entrepreneur's innovative customer solution is ultimately translated to business success and legacy profile.
When an entrepreneur gets his design acts well in innovative customer solution, value proposition, and business model, he is assumed to have a viable product BUT not a company or business. What builds a company or business profile is the STRATEGY or growth skills.
Business growth is driven on decisions and choices between competing alternatives. So, Strategy skills grows a business sustainably and these skills drive the go to market, financing, marketing, sales, relationship, and branding plans.
Strategy skills consists of strategy planning, formulation, analysis, and execution. These skills are driven on Decisions preceded by analysis.
These core skills set which draws strongly on critical thinking are proposed as the new smart business learning modules developed as S.O.L.V.E. learning solution.
if properly taught or coached, in a structured, smart, and systemic presentations that help entrepreneurs visualize, analyze, and strategize opportunities and challenges as presented in S.O.L.V. E., the startups would be started on strong trajectory for Unicorn funding and scaling opportunities towards sustainable wealth creation.
In summary, S.O.L.V.E. is designed to resolve the knowledge and skills challenge that has limited the capacity of brilliant, and highly creative and talented young folks across the world from venturing into entrepreneurship and creating endless wealth from the quantum opportunities that abound on this earth.
S.O.L.V.E. breaks down the mystery, confusing, and often incoherent presentation in business coaching into simple, easy, clear, and concise presentation on how to build a sustainable business.

Finance

CompStrat SBS is a virtual e-business coaching/learning company delivering its learning through zoom meeting application and Youtube video recordings streaming through company website and social media platforms. The cost of producing the learning modules and delivery through the mobile applications are quite minimal.

CompStrat pricing strategy is value based on its utility, and competitive on low pricing to achieve market penetration and competitive advantage differentiated on individual/retail and corporate/wholesale segmentation.

A. Retail Subscription Fee (Students & Unemployed Graduates) - $20.oo

B. Wholesale Subscription (Corporate business & MDA’s) - $50.oo
Duration of Learning. - 8 Week

We have business subscription with Flutterwave fintech payment platform to receive on our behalf the client subscription.

With the launch of the virtual Online learning from Q1 in 2022, and delivering five learning cycles in a year, our revenue projectio9jn is to achieve 20% market share of the projected $1.606 Billion Africa e-business learning market segment in 5 years and 0.5% of the $228.9 Billion global e-business learning market segment.

Business model

CompStrat SBS business make money through: (1). Individual and corporate client sales subscription/payment for our live online coaching, Youtube recorded video coaching, and offline workshop coaching. (2). We also develop Entrepreneurship business learning curriculum and modules for Nigeria federal and state government colleges. A Fintech payment company processes our client subscription payments.

Money will be spent on

Building or renting Office space, recruitment and salary for the best team of 20 graduate Analysts for 1 year, acquiring office furniture, work equipment and tools, building solution mobile app, marketing expenses etc.

Offer for investor

10% Equity for pre-seed funding round.
10% Equity for seed funding round.

* Rates are Negotiable.

Team or Management

Risks

The potential risks to my business are as follows:
1. Superior learning solution from competitors which may be aided by technology innovation.
2. Unauthorized copy or adoption of my solution by competitors which I am unaware of.
3. Technology failure due to disruption in internet and mobile communication as a result of natural disaster.
4. Disruptive new solution built on Artificial Intelligence.
5. Unfavorable and unstable policy environment,

These risks are continually studied and evaluated with scenario modelling technique.

Incubation/Acceleration programs accomplishment

I have not participated in either Incubation or Acceleration programs but I look forward to that opportunity.

Won the competition and other awards

I was one of the successful candidates in a national entrepreneurship innovative business plan competition (YouWIN) organized in 2011 by the World Bank in collaboration with Nigerian government with my consulting business plan entry. I won financial grant of over $8,000 at the going exchange rate then.

Invention/Patent

Yet to Apply. Waiting for the building of the mobile application in due time.
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Idea
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