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Developing a Business Plan

When launching a business, one of the most important first steps is to write a business plan. A good business plan will help you answer important questions, such as the value of your idea, potential market opportunity, and costs associated with everything from production to marketing. Securing capital, attracting team...

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YALI Voices: Once a rural villager, he now helps businesses get started [audio]

UNITED STATES DEPARTMENT OF STATE BUREAU OF INTERNATIONAL INFORMATION PROGRAMS (IIP) “YALI Voices Podcast: Alieu Jallow” MACON PHILLIPS: Welcome, young African leaders. This is the YALI Voices podcast, a place to share some of the best stories from the Young African Leaders Initiative Network. My name is Macon Phillips, and...

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Are you an entrepreneur seeking capital? Read this.

By: Andreas Zeller Over the past five years, more than $1 billion in fresh capital has been allocated to invest in Small and Growing Businesses (SGBs) in East Africa alone. More than 100 investment funds manage these resources, actively seeking businesses to support that make an impact. Unfortunately, only a...

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How Can I Secure Funding for My New Business?

By Claude Grunitzky As I spend more and more time mentoring young entrepreneurs all over Africa — and on other continents — I get asked a lot of questions. Most of the questions relate to funding. Young entrepreneurs — and also older entrepreneurs — are always wondering how they should...

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How to Pitch Your Business Idea

This post was adapted from a presentation by Rhett Power, an entrepreneur and leadership expert. To learn more about Power, visit his website at RhettPower.com. So you have a great idea and need some money to start a company? Well, so does the rest of the world! If you’re going...

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Out-of-the-Box Thinking Leads to Social Good

Nomvula Mhambi is a 2014 Mandela Washington Fellow from Zimbabwe and a U.S. African Development Foundation grant recipient. With more than five years running her own marketing and advertising business, Mhambi has learned quite a few lessons about social entrepreneurship. We sat down with her to see what advice she had...

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Ethiopian’s Invention Leads to Business Success

“I believe perseverance will lead one to triumph.” YALI Network member Biruk Girma Bedane entered the security alarm business in Addis Ababa, Ethiopia, after a disaster in his first business. In search of a solution, Bedane took the initiative to turn the situation around by creating an invention that would...

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Get Started with This Simple Business Plan

A business plan can help you manage your business and deal with change as you remain focused on short- and long-term goals. First, settle on strategy. Match your product line with your strengths and weaknesses, opportunities and threats, and what your target market wants most. Write down key points so...

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