2017 Tony Elumelu Entrepreneurship Programme (TEEP) Questions and Answers

Read My letter to you!

3 Days To Close TEF $5000 Grant Application! 2 Major Ways We Can Still Work Together!!

Hello Friend,

My Dear Millionaire Friend,

I believe you have submitted your Tony Elumelu Foundation $5000 Grant application.

We have just 3days to the deadline of the application.

So far, the Foundation has received 125,721 applications from across Africa.

The application portal closes at 12am, WAT on the 1st, March, 2018.

2 Major Ways to Work with You Before the Deadline

Expert Review: If you write it yourself and you want us to review it for you before submission. You Get your Review Back Within 7hrs. Just copy and paste the questions and your answers to Microsoft Word and send it to my email dayoadetiloye@gmail.com
Professional Write Up: We can help you write it. You get it back within 24hrs

If you have interest, call or WhastApp me on +2348060779290

What Chance do you Have if you Submitted Late?

According to a video I watched on YouTube where How they mark it was unveiled to the Founder, himself, Tony Elumelu

This is the Procedure:

All applications will be marked after screening of people who submitted more than one application or people who have won before.

They pick a cut off mark and select 1^st 1500 for the second level of screening.

If you write it well and you submitted on the last day and you scored more than the cut off, you will be selected.

If you want to write it yourself and you don’t have money for the 2 options above, we have you covered.

Click the link below to download our Free E-Book where we have Explained Each Questions and Samples of How to Answer the questions.

https://dayoadetiloye.com/free-download-e-book-write-2018-tony-elumelu-foundation-5000-grant/

NB: We will make adjustment on this E-book and sell it in the next edition because it’s like most people did not use it or appreciate it.

Friend, If you want to watch the video I watched on how they mark this TEF applications,

Click the link below to judge yourself if you will make it to the top 1000 in Africa or not.

https://www.youtube.com/watch?v=US5yJvMZtGk

PS: Friend, Remember that The Foundation has special slots for North East and Niger Delta geopolitical zone in Nigeria. I you are in that region, I will advise that you don’t do it alone. Do for your family too. You can write it and put their name on it especially females.

If you think you can pay for our services of Expert Review or Professional Write up, call me or WhatsApp me on +2348060779290. We have the workforce that can make this happen for you.

For other African countries: Each country has slots. So, please apply Now before the deadline!

In 2018,

“Work hard like everything depends on you,

Pray hard like everything depends on God.’’

Friend, I will like to hear from you!

Till I hear from you Friend.

Keep succeeding!

For: Dayo Adetiloye Business Hub

Dayo Adetiloye (B.Agric, MBA)-

AUTHOR – CONSULTANT – SPEAKER – ENTREPRENEUR – BUSINESS ANGEL

Helping men to discover, develop and fulfil their business potential.
…Raising 100 Young Millionaire Entrepreneurs in Five Years… since July 2012

08105636015, 08076359735

www.dayoadetiloye.com

2017 Tony Elumelu Entrepreneurship Programme (TEEP) Questions and Answers

As for this section, it talks more about your business plan. You have to apply business plan principles, procedures and terminologies.

Contact me on whatsApp or call for review of your work or Professional write up 08060779290

Download PDF of this Free explanation on How to apply here Free E-book Click Here

Business Profile

Business/Company Name *

Street Address

Country *

State/Province/Region *

City/Town

Postal Code

Website

About Me *

Tell us about yourself, personal bio and what led you to become an entrepreneur (200 words)

Talk about your age, family background, current achievement and how it has been of help in your entrepreneurial journey.
Tell a passionate story about your entrepreneurial Journey. You can build stories around
- No job
- Do not have more than enough
- You like to create something new
- You want to be rich
- You want to be your own boss
- You have more skill for entrepreneurship than getting a job
- When you see the rich, you are motivated

Leadership Skills & Experience *

Describe your leadership skills and experience for running the business (100 words)

Say something about your past experiences as a leader and business manager

Personal Achievement *

Tell us something impressive you have personally built or achieved (100 words)

Your business achievement
You achievement in your previous workplace

Your school days achievements, etc.

Elevator Pitch *

In 50 words or less, describe your current business or idea

This is a bit technical and need to follow this procedure

Summary of your business plan in 50 words

Describe the idea; short and precise.

It can be goods or services.

The idea must be feasible,

One that will generate cash flow,

It must be scalable and explosive.

Detailed Description *

In more detail, describe your product or service (200 words)

Discuss your product and service in details

Wow Us *

What is new, interesting or different about your product or service? (list 3 things)

Talk about the innovation in your idea/business
Plus your competitive advantages.

Problem Solved *

What problem does your product or service solve? (50 words)

What needs do you meet e.g. economic needs, social needs, reduction in cost, convenience, security, etc.

Tony Elumelu Entrepreneurship Programme (TEEP) Questions and Answers

Development Stage * Idea, testing, Infancy

Which most accurately describes your product or service development stage?

Industry Sector *

Select your company’s primary industry sector

Industry Sub-Sector

Industry Represented in TEEP

Agriculture
Aviation
Commercial/ Retail
Construction
Education and Training
Energy and Power Generation
FMCG
Fashion
Financial Services
Haulage/Logistics

Healthcare
ICT
Manufacturing
Media & Entertainment
Oil &Gas
Professional Services
Telecommunication
Tourism/Hospitality
Transportation
Waste Management

Tony Elumelu Entrepreneurship Programme (TEEP) Questions and Answers

Please select an industry sub-sector that is closest

Sustainable Development Goals *

Of the following Sustainable Development Goals (SDGs), which one does your business idea/product/service most closely represent?

Tony Elumelu Entrepreneurship Programme (TEEP) Questions and Answers

Download PDF of this Free explanation on How to apply here Free E-book Click Here

Company Structure

Company Registration *

We advised that you register your company with Corporate Affairs commission.
Note: we can do that for you and your get it in two (2) weeks for N30,000 . Excluding delivery.
You will always need this CAC registration. Just do it once and for all.

Is your company registered?

Yes No

Company Documents *

Please upload the following documents:

Official Registration Certificate *

File must not exceed 100KB. Accepted file formats are DOC, DOCX, PDF, PNG, JPG & JPEG
View File

Official Evidence of Ownership *

File must not exceed 150KB. Accepted file formats are DOC, DOCX, PDF, PNG, JPG & JPEG
View File

Official Evidence of Directors *

Your CAC certificates will come with these documents

File must not exceed 150KB. Accepted file formats are DOC, DOCX, PDF, PNG, JPG & JPEG
View File

Business Start Year *

What year did you begin business operations?

Must not be more than 3 years

Type of Business Entity

What type of entity is your business?

Sole proprietorship or limited liability company

Business Partners *
Do you have any business partners?

Yes No

Partners Consent *

-If you have a partner, come up with a letter of consent

Please upload official consent by partners or board of directors’ resolution authorising you to apply and to represent the business in this programme. File must not exceed 150KB and the accepted file formats are DOC, DOCX, PDF, PNG, JPG & JPEG

View File

Primary Role *

What is your primary role in the business?

You can be the CEO, MD, GMD etc

Employees *

How many contractual, part-time, and full-time employees do you have?

Between 2 to 3 staff is ok.
If your is new idea, just project how many staff you will need as you start the business

Contractual

Part Time

Full Time

Market Potential

Tony Elumelu Entrepreneurship Programme (TEEP) Questions and Answers

Addressable Market *

How big is the addressable market for your product or service? (50 words)

Market potential for any business is key. It is from the market we can get our product sold. The addressable market the size or number of people who are willing and are capable to pay and buy your products and services.
You must be able to convince us that people will patronise this business
Tell us a brief about your customer.

Revenue Model *

How will you get revenue in your business?(50 words)

–This aspect talks about the cost structure.

– Tell us exactly what you are selling and how much you are selling it and how will you get this money into your pocket or bank account e.g for poultry. Sales of eggs, chicken and manure.

Marketing Strategy *

Explain how you intend to (or already do) market your products or services to your target market (50 words)?

Marketing is creating awareness that generate sales. Your marketing most generate sales to be effective.
You can use any of this depending on your type of business.
Word of mouth from satisfied customer
Agreement with bakery and confectionary companies.
Signing agreement with organization and International companies

Online marketing though company website with a blog, social media marketing like Facebook page and ads, Google ads.
Magazine publications
Souvenir like hand band, face cap, shirt, biro, etc.

Download this Free explanation here in this Free E-book Click Here

Contact me on WhatsApp or call for review of your work or Professional write up 08060779290

Competitors *

Who are your competitors/benchmark organisations? List your top 3.

List the competitors. You must know them. There is nothing like you don’t have competitors

Differentiating Factors *

What differentiates you from other existing businesses in your field? (50 words)

This differentiation strategy will distinguish your brand.
This is your uniqueness
It could also be your competitive advantage. E.g. Cassava processing
Our Uniqueness of packaging
Our Prompt delivery service as people can order their bulk purchase of cassava flour on line.
Our Customer Care services
We always subsidize the price of our product

Current Milestone *

What is your current milestone for business? (50 words)

Your milestone is your set targets you want to achieve e.g. CAC registration, acquisition of land, employment of staff, sales of

N200,000, Accreditation with NAFDAC in the first quarter of the year.

Tell us your immediate target e.g. developing capacity, what is the present aim/goal of the business. Basically short term.

Next Milestone *

What is your next milestone for this business and how long will it take you to reach it? (50 words)

The next milestone could for instance be related to operational, revenue or management, etc. Generally, long term.

Contact me on WhatsApp or call for review of your work or Professional write up 08060779290

Download PDF of this Free explanation on How to apply here Free E-book Click Here

Financials

Invested Cash *

What is the total amount of cash invested to date in this startup (in USD)?

You must have incurred a cost even if yours is a new idea. E.g. a training you went for to learn about the business is a cost.

Monthly Expenses *

What are your current monthly cash expenses (in USD)?

Lifetime revenue *

How much revenue has your start-up generated since inception (in USD)?

Break-Even Volume* e.g. when i have 50 customers monthly

What is the projected break-even volume (quantity) for the business? (25 words)

Break-Even Revenue *

What is the projected break-even revenue for the business (in USD)?

–For new ideas, you project into the future

-For exiting ideas, you tell us what you have experienced over time in running your business.

Note: We will help you work on this aspect when you sent your work for review.

Business Impact

Top of Form

Impact *

Describe what impact your business will have within your community, country for job creation, revenue generation or social development? (200 words)

Explain this as it applies to your business

Challenges *

What are the top 3 challenges you face in operating or launching your business? (50 words)

Challenges can be

Financial challenges, operational challenges, regulatory challenges e.g. accreditation, registration, licencing, etc.

Aims & Objectives *

Explain briefly what you hope to achieve from participating in the Tony Elumelu Entrepreneurship Programme? (200 words)

want to gain Knowledge, training, capacity building, special skills, industry specific knowledge e.g. strategic management, leadership, financial and control management.

Business Skills *

What business skills do you most need to learn about?