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FREE DOWNLOAD: E-book to Write the 2018 Tony Elumelu Foundation $5000 Grant is Here

2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

  • Dayo Adetiloye Business Hub

Read my letter to you!

If you need to review your TEF 2024 application or you need a professional write-up call or WhatsApp 08060779290

 

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.

Watch the Video Below

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 1st 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

 

2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)
2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

Personal Information

Supply your information as accurate as you can!

2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

 

          Personal Information

Top of Form

Title

Bottom of Form

Surname *

First Name *  

Middle Name 

Date of Birth *     Nationality *

Which of these languages are you most fluent? *

Gender *

How did you hear about the Tony Elumelu Foundation Entrepreneurship Programme? *

Read also: Free-download-e-book-write-2018-tony-elumelu-foundation-5000-grant

Contact Details

Top of Form

Street Address * 

Contact Country *

Bottom of Form

Contact State/Province/Region *

In what area of your state/region do you reside *

City/Town *   

Postal Code

Mobile Number *

Email *

Add additional emails with button

Skype ID

 

Education Details

Top of Form

Highest Level of Education *

Select your highest achieved level of education

Bottom of Form

Major/Primary Area of Study *

 

Add up to three(3) are

 

Social Media

Social Media Accounts

Select your active Social Media Accounts

Profile ID

Fill in your ID to the selected Social Media Account e.g. TonyElumeluFDN

 

 

Bottom of Form

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

 

Ensure you save as you fill each section

Business Profile – Part 1

Business/Company Name *

Street Address

Business Country *

Business State/Province/Region *

In what area of your state/region is your business located? *

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
    • You want a better life for your family
    • 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 an employee, a leader and business manager

 

Personal Achievement *

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

  • Your business achievement
  • Your achievement in your previous workplace
  • Your secondary school and higher institution achievements, etc.
  • Form an impressive story

 

Business Profile – Part 2

Top of Form

Elevator Pitch *

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

 

  • This is a bit technical and need to follow this procedure

They need the 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.

 

The following must be summarised into your 50 words for the Elevation pitch. You then expand it to answer the 200 words below.

 

Once you fail in your presentation here, your application might not make the cut.

  1. The problem
  2. The solution

 

  1. Market size
  2. Business model
  3. Proprietary Technology
  4. Competition
  5. Marketing Plan
  6. Team
  7. Money

 

Detailed Description *

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

 

Discuss your product and service in details as explained above.

 

Wow Us *

 

 

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

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

 

 

2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)
2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

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.

 

FREE DOWNLOAD: E-book to Write the 2018 Tony Elumelu Foundation $5000 Grant is Here

Development Stage *

Which most accurately describes your product or service development stage? * Idea, testing, Infancy

Bottom of Form

Industry 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

 

Select your company’s primary industry sector

Industry Sub-Sector

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?

Section 7

Company Structure

  • We advised that you register your company with Corporate Affairs commission.
  • Note: We can do that for you and your get it in two (2-3) weeks for N30,000 . Excluding delivery.
  • You will always need this CAC registration. Just do it once and for all.

 

Company Registration *

Is your company registered?

Yes No

Business Start Year *

In what year did your business start running?

  • 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

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 3 to 10 staff is ok depending on your business.
  • If yours is new idea, just project how many staff you will need as you start the business

 

Contractual

 

Part Time

 

Full Time

 

Company Structure

Company Registration *

 

Is your company registered?

Yes No

Business Start Year *

In what year did your business start running?

Type of Business Entity

What type of entity is your business?

        Select one Sole Proprietor Ltd

Business Partners *
Do you have any business partners?

Yes No

Primary Role *

What is your primary role in the business?

Employees *

How many contractual, part-time, and

 

Market Potential

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 do you intend to generate revenue? *

What are the sources of revenue for your business? What are your value offerings? What is the price of these value offerings? And who will be paying for the value? (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 must 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.

 Read also: Free-download-e-book-write-2018-tony-elumelu-foundation-5000-grant

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

If you need to review your TEF 2024 application or you need a professional write-up call or WhatsApp 08060779290

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.
2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)
2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

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.

 

 

 

 

 

Financials

Invested Cash *

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

  • 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 local currency)?

Lifetime revenue *

How much revenue has your startup generated since inception (in local currency)?

Break-Even Volume*

What number of units (products) will you have to produce and then sell to generate enough money to cover for all fixed costs to the business? (Business expenses that are constant irrespective of business activities)

0 word(s) (25 max)

Break-Even Revenue *

What amount (in local currency) must your business generate to cover all its fixed and operational costs?

-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

Business 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

 

 

 

 

 

Impact of Programme *

How do you intend to leverage the benefits of the Programme to improve your business? (200 words)

 

Explain the 7 pillars of Tony Elumelu Foundation and how it will impact 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)

 

I 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?

  • Pick as it applies you.
  • Finance, Business Development, Marketing, Sales, Human Resources, Software Development, General Management, etc.

 

Read also: Free-download-e-book-write-2018-tony-elumelu-foundation-5000-grant

Attestation

Time Availability *

If accepted into the programme, will you work full time on this business/idea?

Yes No                                     

 

 

Reason *

If you cannot commit to working fulltime on this startup if accepted, please explain why? (50 words)

0 word(s) (50 max)

Previous Accelerator *

Have you taken part in any entrepreneurship programme/ accelerator programme or received any angel investment/grant in the past year?

Yes No

Referees *                         

  • Supply a mentor and provide the persons details here

 

Please provide details of two character and/or professional referees.

Referee 1

Mobile Number

 

Referee 2

Mobile Number

             

 Save 

If you need to review your TEF 2024 application or you need a professional write-up call or WhatsApp 08060779290

Confirm Submission

Click here to apply

2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)

 

 

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

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