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Denloye, Rustagi Spilled All to Startups at CFA’s Startups Hangout
The much talked about June edition of the CFA’S Startups Hangout came up on Friday, June 23, 2017 and it lived up to it’s billing.
The attendee Startups really had their times worth at the event from insights given by the two distinguished and successful Entrepreneurs that spoke at the occasion, Deepankar Rustagi, Co-Founder, VConnect and Nadu Denloye, PhD, Co-Founder, Telnet and Director, CDNet Ltd/Gte.
First to speak was Deepankar Rustagi, Co-Founder, VConnect, who stated that many people talk about the challenges of SME’s, but very few people do anything about it. He said that this was one of the reasons that VConnect was started in order to be of assistance to SME’s. Deepankar went on the state that the Social Media has various channels and businesses should always know which of the channels works best to promote their business.
He reiterated that technology should be used to simplify things, reach out to ones target customers/audiences. So they can patronize.
“Technology is not difficult to implement. You don’t have to be techy to operate your Facebook or WhatsApp. We are not scared of what to do, we are only scared of what will happen”, he stated.
Deepanker gave the attendee Startups, 8 things to imbibe when building a digital strategy and these are: a) Visibility; b) Accessibility; c) Highlight your differentiation; d) Be focused; e) Understand your target market and not the entire population. (Reach out to the right people); f) Choose what channel of social media to promote and sell your products; g) Create a good and impactful Customer Service; h) Measure your results.
In closing, Deepankar offered all the attendee Startups that attended the June 2017 edition of the CFA’s Startups Hangout, free registration for listing on VConnect.
The second Speaker, Nadu Denloye, PhD, Co-Founder, Telnet and Director, CDNet Ltd/Gte, stated that, over time, the world has changed, but then, it has not really changed. ” The “What” and the “Why” of business has not changed over the years, but the “How’s” have changed”, she explained.
Dr. Denloye gave the elements of growing a business as: a) Turning an idea into a product or service; b) Turning your employees into your disciples by training and treating them well; c) Transforming a customer to a partner; d) Aligning your long-term objectives with those of your investors; e) Scaling your business upwards.
Dr. Denloye went on to state some things her team at Telnet did right as follows: a) Started small and growing the business gradually; b) Each team member knew his/her strengths and weaknesses and stuck to concentrating on his/her strength; c) Staff were developed and trained; d) The company walked its talk by saying what they can do and doing what they said; e) The company was constantly re-working itself through innovation of its products and services and forming effective partnerships; f) Breaking into other businesses with new brand names and with financial backing; g) Building transparency and culture of professionalism with customers.
One mistake she said she and her team made but, had to quickly correct at Telnet was that they kept putting in money without looking at the bottom line.
Some other strategies that Dr. Denloye advised the Startups to imbibe include: a) The fact that your personality reflects your business, hence, you are the change you want to see in your business; b) You have to seek knowledge and seek it early; c) The challenges of business are ever present, so, you have to keep on solving challenges, no matter the size or level of your business d) Build your business for succession by training a successor to effectively take over from you.
“Your mindset, the attitude you put into your business, is what makes your business what it is and not where you graduated from”, she concluded.
The June 2017 edition was sponsored by VConnect.com, DC Hub and TAMS.
TAMS also made a presentation on the services it renders in the field of Human Resources from recruitment to retirement, etc., which the Startups can patronize in running the HR department.
Kudos also to the Media Partners of the CFA’s Startups Hangout, Nigerian CommunicationsWeek, Guardian Tech and CFAtech.ng for spreading the awareness of this unique opportunity for Startups to learn and grow.
Watch out on https://startups.cfatech.ng/ for details of the July 2017 edition of the CFA’s Startups Hangout which also promises to be excited and educative to our growing Startups.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Participants at the event
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.
Jim Ovia
Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.
The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.
Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”
Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria
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