Read my letter to you!
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.
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
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.
- The problem
- The solution
- Market size
- Business model
- Proprietary Technology
- Competition
- Marketing Plan
- Team
- 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)
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
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)
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
Confirm Submission
2018 Tony Elumelu Foundation $5000 Grant Application Questions, Explanations and Answers (TEF4)
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