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Entrepreneurship and the Middle class

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Hope and opportunity are the currency of a growing middle class and the foundation of the American Dream. Entrepreneurship can help cultivate this. And yet, as our economy and society have drifted into a greater divide between haves and have-nots, we have seen our middle class shrink. We have seen our politics become divisive as we look for easy answers and all go to our own corners and reinforce our own views.
Entrepreneurship most directly benefits the middle class by being the driving force for net new job creation in our country. There is also great civic improvement when new local small businesses are able to open, both for the entrepreneurs themselves and the surrounding community. This sense of freedom is a critical part of what makes the middle class prosper Part and parcel with the decline of the middle class, which can be traced to the last several decades, we’ve lost a lot of industry competition. We’ve lost a lot of our ability to start new businesses. And the middle class h…

TOP BUSINESS IN AFRICA THAT WILL MAKE YOU SO MUCH MONEY

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Africa is a really blessed continent where investors can get amazing return on their investment if and only if they can come up with a perfect system that will suite the needs of Africans. Africa has a population of almost close to a billion people, your market can not get bigger than this. One of the major problem that hinders people from investing in Africa is knowing the right business idea to invest in, this is more so especially to oversea investors who want to invest in the continent. You may not fully understand the African market but one things that might attract you is the huge market opportunity the black continent offers. Investodia will bring you some business ideas to invest in if you want to do business in any part of Africa. Amongst these ideas are:
1. Food Processing & Agriculture: As the world’s population increases rapidly (recently exceeding the 7 billion mark), global agricultural production must rise to feed these growing numbers. Much of that increased agricul…

AFRICA DESERVES A TAILOR-MADE ECONOMIC PRINCIPLE: HENCE AFRICAPITALISM

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Africans have long engaged in capitalist economic transactions. But the type of capitalism introduced by colonialists has not always been aligned with the needs of Africans. It remains overly informed and driven by agendas set outside the continent. These agendas primarily see Africa as a market for exploitation and are obsessed by the profits that come from such exploitation. This is reflected in some of the excesses of the multinational firms operating in Africa. In the process, they foster a measure of corporate success and performance predicated on individualism and not on collective interests. The multinationals are often more concerned about their success, and not necessarily the success of the societies in which they operate. This is typical of most Anglo-Saxon multinationals because they come from a culture that promotes individual interests over group interests. There is a potential solution. It is Africapitalism. This is an economic philosophy that embodies the private sector’s…

TOP 5 BUSINESSES TO PUT YOUR MONEY IN AFRICA

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Africa is a growing continent that has great potential and natural resources. Because there are many business opportunities in Africa, most entrepreneurs are now venturing in the continent. They take this opportunity not only to gain money but also to improve the lives of the people in that region. To be a successful entrepreneur in Africa, you have to look beyond the resources the continent offers, the Gold, Diamond, Copper, Oil, Timber and many other resources. The term “millionaire” is taking on a new meaning in Africa. It’s no longer just about the size of your bank account; any shady politician, corrupt bureaucrat, or unscrupulous businessman on the continent can easily claim to be a millionaire. But Africa’s new and emerging generation of millionaires are not just excited about money. They’re also passionate about impact; they want to create value that touches and improves people’s lives. It’s called impact entrepreneurship. It’s the new way of making money and doing good, at the sam…

AMAZING: TONY ELUMELU UNVEILS FULL LIST OF 2019 ENTREPRENEURS.

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The Tony Elumelu Foundation (TEF) has announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the fifth cycle of its $100 million TEF Entrepreneurship Programme.
The announcement was made at the Transcorp Hilton, Abuja, during the selection process by Accenture Development Partners. According to TEF, the latest figure shows about 50% increase from the over 1400 that made it in 2018. This year, over 216,000 applications were received, an increase from last year’s 151,000. Nearly 90,000 were submitted by female entrepreneurs, an increase of 45 per cent, illustrating the Foundation’s strategy to achieve greater gender balance.
The Foundation said the selected entrepreneurs will each receive non- refundable $5,000 of seed capital, access to mentors, and a 12-week business training programme, directly focused on the needs of African entrepreneurs. On July 26 – 27 2019, they will gather at the TEF Entrepreneurship Forum, the largest annual gathering of Afr…

How To Raise Capital to Fund your Business.

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Putting all your eggs in one basket is never a good business strategy. This is especially true when it comes to financing your new business. Not only will diversifying your sources of financing allow your start-up to better weather potential downturns, but it will also improve your chances of getting the appropriate financing to meet your specific needs. Keep in mind that bankers don't see themselves as your sole source of funds. And showing that you've sought or used various financing alternatives demonstrates to lenders that you're a proactive entrepreneur. Many of us are endowed with great business ideas. However, the rate of implementing those ideas is very low due to lack of capital. It is why many people die with ideas that, if they were implemented, would have transformed the world into a better place. As an entrepreneur, you need to try and push yourself to the limit to make your ideas reality. Nowadays, banks have become so conservative with their cash. There are so …

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