No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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Tony Elumelu the Entrepreneurial Messiah takes entrepreneurship campaign around Africa
Elumelu was born in Jos, Plateau State, Nigeria, in 1963. He hails from Onicha-Ukwu in Aniocha North Local
Government Area of Delta State. He
has two degrees in economics from Nigerian universities, a bachelor's
degree from Ambrose Alli University and
a master of science degree from the University of Lagos. He is an alumnus of Harvard Business
School's Advanced Management Programme. Tony
Elumelu married Awele Vivien Elumelu, a medical doctor, in 1993, and they have
seven children together. He has four siblings, one of whom is Ndudi Elumelu, a
former member of the Nigerian Federal House of Representatives
early career, Elumelu acquired and turned Standard Trust Bank into a top-five
player in Nigeria. In 2005 he led the acquisition of United Bank for
Africa (UBA), later transforming it from a single-country bank to a pan-African
institution with more than seven million customers in 19 African countries.
his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which invests
in the financial services, energy, real estate and hospitality, agribusiness,
and healthcare sectors. In the same year, he established the Tony Elumelu
Foundation, an Africa-based and African-funded philanthropic organisation.
Heirs Holdings acquired a controlling interest in the Transnational Corporation
of Nigeria Plc (Transcorp), a publicly quoted conglomerate that has business
interests in the agribusiness, energy, and hospitality sectors. Elumelu was
subsequently appointed chairman of the corporation.
one of the co-chairs of the 26th World Economic Forum on Africa
in Kigali, Rwanda, from 11 to 13 May 2016.
holds the Nigerian national honours, the Commander of the Order of the
Niger (CON) and Member of the Order of the Federal
Republic (MFR). He was recognised as one of "Africa's 20 Most
Powerful People in 2012" by Forbes magazine.
The Tony Elumelu Foundation
his retirement from United Bank for Africa in July 2010, Elumelu
founded The Tony Elumelu Foundation. His stated objective was to
"prove that the African private sector can itself be the primary generator
of economic development." The Foundation is charged with the mission
of "driving Africa's economic development by enhancing the competitiveness
of the African private sector"
The Chairman of United Bank for
Africa, Mr. Tony Elumelu, has taken the entrepreneurship and infrastructure
growth campaign to East Africa.
According to a statement,
Elumelu is on a five-day working visit to East Africa, where he will meet with
national leaders of Kenya and Uganda.
The statement noted that the
UBA chairman would travel to Uganda and Kenya to meet with the Presidents of
both nations, Uhuru Kenyatta and Yoweri Museveni, to discuss issues around the
growth and development of the their economies.
He would discuss how to enable
entrepreneurship, infrastructure financing, regional economic growth, and how
the private sector in Africa could work in shared purpose alongside African
governments to create prosperity for all Africans.
“On the sidelines of the
engagements, the Tony Elumelu Foundation will gather members of the full local
ecosystem — from investors to academia to established and emerging
entrepreneurs alike — for an entrepreneurship ecosystem event,” the statement
“During the event, TEF alumni
and members of the Kenyan and Ugandan entrepreneurship communities will receive
insights from guest speakers who will provide practicable information to help
the audience develop their businesses and their business management skills,” it
Guest speakers included leaders
from TEF partner, Microsoft, and other ecosystem players, including Google.
The statement further said,
“During the visit, Elumelu will also meet with key stakeholders and
policymakers in the countries to discuss infrastructural funding opportunities,
as well as interact with leading private and public sector players. He will
host a Founder’s Forum with students of Makerere University, Kampala, and
University of Nairobi — two leading African institutions. At this forum he will
give young Africans insight into his own life, share tips and values for
success while encouraging entrepreneurship and development.”
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Being a young entrepreneur is difficult, no matter where
you are from. But in Africa, the challenges are often far more emphasised.
Resources, financing, mentorship and supporting services are even scarcer. Yet
despite this, the continent’s youth unemployment is higher than elsewhere,
and for many young Africans, entrepreneurship is less of a choice, and more of
a requisite for survival.
year the Anzisha Prize, Africa’s premier award for entrepreneurs between the
ages of 15-22, identified a handful of young entrepreneurs who are
making it in Africa. Here are some of their tips for success. 1. The most important step is the first one
Nteff Alain is the winner of the 2014 Anzisha Prize and is the entrepreneur
behind GiftedMom, an e-content platform for pregnant women.
says having an idea is easy, but turning it into reality is a whole different
story. The wall of challenges an entrepreneur faces can quickly de-motivate
someone from following through on their vision. …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…