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Showing posts from 2016

Accessing The Expanded Money Bag for African SMEs, Scaling Business Through Ecosystems

Wilmot Allen who is the director of East Africa at CrossBoundary was speaking during the first Entrepreneurs Forum session this year at the iHub. This is from a series of sessions on entrepreneurship facilitated by Prof Ndemo that came about as a result of one of his weekly articles in the Daily Nation. The topic this time was about accessing the expanded moneybag for African SMEs and scaling businesses through ecosystems.
He started by shedding some light on how investors view entrepreneurs as they develop their businesses. He explained that there are three profiles of entrepreneurs that have been successful in growing businesses all the way to accessing finances and scaling. These profiles are highlighted in this discourse.
The notably successful model for many is the approach where the entrepreneur will work for an organization for sometime before venturing out to create their own. It has benefits in that when one is working for either big or small enterprises, one is able to deve…