Startup

Gamji Action Plan

Is there ever a bad time to start a business?

This all depends. Don’t look for guarantees. Don’t expect an easy ride.

In many ways, it’s not insincere to suggest there’s never been a better time to start a business.

If you have a business idea, plan, or way of making money and do it well, work your socks off, and don’t get distracted or downcast by things you can’t control, now is as good a time as any to start out on your own.

At Startup Gamji, we want to help you become part of the Nigeria’s thriving business community which is why, we are creating this Gamji Action Plan section to help guide you on your way.

So what are you waiting for?

How to Start

1. Business plans

Writing a business plan is a crucial step in starting your own business. We aim to give tips and advice on start-up business plans, from how to write a business plan to presenting your plan to investors.

2. Choosing a business name

When researching business name ideas, start-ups need to think carefully for both legal and marketing purposes. An effective business name could prove to be your most powerful branding tool and naming your business requires a lot of consideration.

3. Setting up a company

If you’re ready to search for your business name and find out if your company name’s available, check out the link A and Link B

You need to set up your company. Here is a little guide to take you through. click here

 

4. Choosing suppliers

Sourcing suppliers and negotiating deals and contracts for products will be a large aspect of setting up a new business. We aim to advice on how, find out how to locate a wholesaler, source overseas product suppliers, deal with late payments and set up favourable credit agreements.

5. Logo design (Company Branding)

Designing a logo for your small business can be a minefield, especially when you’ve never done it before. Questions like: ‘Where do I start?’, ‘What should I pay?’, and ‘Where can I find a decent logo designer?’ are all too common. We have a recommended Company that handles this, They are supporting partners that specialises in Branding service. Click here

6. Building a website

Setting up a website is a key step in starting a new business and in today’s world, an effective web presence is a vital marketing tool. Here we cover everything from what type of website you need to building a website, ecommerce websites and analysing web performance. Click here

7. Raising finance

Raising funding for your small business is one of the first hurdles that a new entrepreneur may face. Take a look at all the small business financing options and advice in this section, from grants and loans to outside investment, to help you decide the best way to raise finance and fund your small business. Click here

8. Small business grants

Small business start-up grants are not easy to come by, however there is funding available to those in the know. Use our top tips to help you locate business grants, navigate the application process and find out more.

Important information you don’t want to miss

1. Seed capital

Seed funding or seed capital, is a form of securities offering in which an investor invests capital in exchange for an equity stake in the company. The term seed suggests that this is a very early investment, meant to support the business until it can generate cash of its own, or until it is ready for further investments.

Seed capital is essential to getting your budding tech start-up off the ground…. from more traditional angel funds to increasingly popular alternatives such as incubators, crowdfunding and the Seed Enterprise Investment Scheme.

2. Venture funding

These are investment funds that manage the money of investors who seek private equity stakes in startup and small- to medium-sized enterprises with strong growth potential.

To propel your tech start-up into the next stage of growth, venture funding is vital.

3. Networking & support

Having a strong network of contacts to offer support and opportunities is frequently the difference between success and failure for tech start-ups.

Get advice and guidance from experienced business mentors and an opportunity to network with venture capitalists and angel investors.

4. Building your team

Having a staff friendly workplace and a good team is essential for a business’ success. Find out how to improve staff retention, ensure you have productive employees and understand employee disciplinary procedures.

5. Launching a tech start-up

The tech sector is one of the fastest-growing and most exciting industries in the Nigeria, with a huge array of unexplored markets and almost unlimited potential.

In this section, Gamji Action Plan outlines the steps you need to take to turn a groundbreaking idea into a fast-growing tech business, including guides to launch marketing, networking and product development.

6. Intellectual property

If you have a revolutionary idea for a piece of tech or business concept that is sure to turn the market on its head, you need to make sure it’s protected from competitors.

…You can explore ways of securing your all-important intellectual property, including filing patents, registering designs and protecting your trademarks from infringement.

7. How they started

There is no better way to learn how to grow a successful tech business than to learn from those that have done it before.

With Gamji Action Plan, you will find profiles of some of the popular names of the Entrepreneur market, showing how they grew their businesses from a mere idea into international success stories.

8. Tech start-ups

Our tech start-ups section is for entrepreneurs with serious ambition, providing business advice, news and inspiration on how to start a business as a tech start-up.