T A B L E O F C O N T E N T S
EXECUTIVE SUMMARY The Highlight Reel : A quick snapshot of insights from investors, ESOs and entrepreneurs Survey
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PROJECT PURPOSE AND SCOPE OF WORK • Our methodology, surveys and focus group interviews breakdowns • Focus on key themes
THEME 1. ESOs and entrepreneurs need training in various business areas • Entrepreneurs seek training, with a focus on practical business management skills • ESOs need training on setting up funding programs for entrepreneurs • Entrepreneurs are familiar with different modes of training delivery • The disconnect between investors, ESOs and entrepreneurs is non-negligible. What role can ESOs play? • ESOs need to improve on making businesses more attractive to investors • Preparing startups to be investment-ready matters the most
The analysts in connection with this report are:
STEVE TCHOUMBA ESOs Manager, ActivSpaces tchoumba_steve@activspaces.com
THEME 2. The right coaching and mentorship adds value to business survival and growth prospects • Entrepreneurs want individually tailored coaching and mentoring that can address their different needs as well as the specific challenges faced • For ESOs, building a pool of appropriate coaches and mentors who understand the challenges faced by entrepreneurs is key • Investors, entrepreneurs and ESOs needs to build a better and stronger relationship THEME 3. Sustainability challenges threaten ESOs and entrepreneurs long-term survival • ESOs are not generating enough money to support their activities • Product development is critical to entrepreneur’s sustainability • Entrepreneurs face poor growth rate • Entrepreneurs need access to capital to support their development
FADILAH TCHOUMBA Managing partner, Amzill Fadilah.t@amzill.com FRANCIS OMOROJIE Co-Founder, Ennovate Hub francis@ennovatehub.com
OTHER CONTRIBUTORS INCLUDE: Temitope Isedowo Nanko Madu Kenechukwu Osakwe
Patrick Ashu Mike Ducker Anna Ekeledo Nekesa Were Osasenaga Enogieru Berry Numbi
CONCLUSION RECOMMENDATIONS KEY EVALUATION INDICATORS
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