Asia Sultan: Trailblazing the Design Thinking and Innovation Industry
We are always looking for women who are constantly changing the game and that’s why Asia Sultan’s story was so inspiring to us at SLA. Asia is a young trailblazer in the industry of Design Thinking and Innovation. She uses her experiences as a woman to apply the human approach that is needed to excel in the Design Thinking industry. During this interview, Asia chats with us about why more women should be in Design Thinking, the power of innovation, and how we can uplift each other in the career space. On starting out In Design Thinking… Curiosity into the field of innovation is what led me to explore this discipline in 2016 when the Hasso Plattner Institute of Design Thinking opened their first school in Africa. I was pursuing a Masters in Property Studies at the University of Cape Town at the time. I immediately fell in love with Design Thinking because the human-centered approach truly resonated with my personal philosophy. After spending 6 months at the institute I felt that the final piece of the puzzle had been put in place. Design thinking has allowed me to experience problem-solving in areas that I hadn’t ventured into before. I’m very grateful to be living my purpose which is to use my experiences, education, and design thinking practice to create innovative solutions that make our world a better place. [bctt tweet=”Being a woman is actually my greatest strength in the innovation industry – Asia Sultan” username=”SheLeadsAfrica”] About Switch Innovation and what they do… Switch innovation is an innovation management company that specializes in corporate innovation. We are a balance between technology and advisory as we help large companies with legacy issues to deliver disruptive products to market and build new businesses. We use design thinking and lean startup methodologies to drive innovation strategy and process for our clients who span across various industries. Challenges women in the design thinking industry face… Being a woman is actually my greatest strength in the innovation industry. Design thinking is a human-centered approach to problem-solving. It starts with the people you are designing for and ends with solutions that are tailor-made to suit their needs. It requires building deep empathy with the people you’re designing for and this comes very naturally to women. Because of this, I am able to create solutions that are not just technically powerful, but also have an emotional value proposition for end-users. In a world where consumers are spoiled for choice, an emotional value proposition is a massive competitive advantage. Women that I look up to… My late mother, Hanifa, is the best woman I’ve ever known. I’m an unapologetic feminist because of my mother. Growing up, both the girls and boys in my household participated equally in doing house chores. She instilled in me from a young age the importance of education hard work, perseverance, equality and believing in myself. Most importantly, my mother taught me to love and care for others. This has contributed to strengthening my approach to empathy, an attribute that is crucial in my work. As a designer, I spend a lot of time understanding people, putting myself in their shoes and owning their problems in order to best design solutions that are relevant to their lives. [bctt tweet=”As a designer, I spend a lot of time understanding people and owning their problems in order to best design solutions that are relevant to their lives.” username=”SheLeadsAfrica”] Professionally I look up to Oprah Winfrey, a longtime advocate of female education. I am inspired by her story, especially how she overcame hardships in order to become one of the most influential women on this earth. I admire that she uses her platform to break gender barriers on a global scale and even uses her resources to invest in education and improving the lives of women. Lastly and similarly to Oprah Winfrey, I truly admire Rebeca Gyumi, Founder of the Msichana Initiative. She pursued and won a landmark case on child marriages through the petition she filed at the High Court of Tanzania to challenge the Tanzania Marriage Act, 1971, which allowed girls as young as 14 to get married. The law was amended and raised the minimum age of marriage to 18 for both boys and girls. My advice to anyone trying to jump-start their career in the Design Thinking space… I would advise anyone starting in the design thinking and innovation space to try to learn as much as possible. Read books Subscribe to newsletters Engage with other designers through platforms like IDEO and LinkedIn. A lot of changes are happening in the world of innovation and every day there is a new technology, tool or method designed. Design thinking entails working with clients across different industries, therefore you need to understand different industry trends so you can use methods, material, and approaches that are relevant to them. Join design thinking groups on professional networks, subscribe to newsletters, attend design thinking meetups in your area, keep learning and you will be unstoppable. Why I think uplifting women is so important in the workspace… Empowerment is created when the strengths that women already bring to the company are recognized and utilized. If you build organizations of high trust, respect, transparency, engagement, open participation and empowerment your employees will respond accordingly. When people find meaning and happiness at work, wonderful things happen to the organization; culture and moral changes, staff turnover reduces, employees are more creative, innovative, confident, open-minded and generally more motivated. As a leader, isn’t that the environment to work and operate in? I champion efforts to uplift women in the workplace because women have so much to offer the world and often times they don’t get equal opportunity to be heard or showcase their gifts. The importance of empowering women in the workplace is documented in “The Business of Empowering Women”, a survey of 2,300 business executives. The survey found that the companies who focused their efforts on empowering women reported
4 Reasons why an effective On-boarding process will help you keep your employees
On-boarding is a process of integrating a new employee into the organization. We all mistake Induction for On-boarding, while the former ends in one day. Onboarding usually lasts for about six months till a year depending on the company. [bctt tweet=”Empowering an employee through an effective onboarding process to think and act like the CEO would go a long way in retention and business growth.” username=”SheLeadsAfrica”] Here are some things to note about onboarding: 1. A good Induction is the first step to retaining your employee. Induction shouldn’t be just a storytelling session about the company rather it should integrate the staff to the company’s vision which will enable them to run with it. You would save yourself a lot of headache in micromanaging your employees if you can ensure they are well aligned with the vision. Induction shouldn’t be one-off, there should be a frequent induction program which should cascade to each department and roles. 2. It helps employees think like a business owner Empowering an employee through an effective onboarding process to think and act like the CEO would go a long way in retention and business growth. The mindset of a CEO is much more than completing tasks or meeting up with deadlines; it’s about the growth of the business. Each employee should be able to align their functions with the growth and success of the company. 3. It protects and improves your company culture A good company culture improves employee productivity which in turns drives business growth. An underlying factor for an organization’s culture lies in its Values and purpose. I’m talking about the REAL core value that forms the basis of major decisions and strategy. A proper communication during the onboarding process will prevent future cluelessness by an employee in the future. 4. Having a documented process to drive uniformity makes it more effective. It’s not enough to assume to think that line managers are helping the employees integrate better. Documenting the process starting from the induction and ensuring line managers are held accountable for following the process makes it effective. I have realized that the competency of the person managing the process goes a long way so Training is advised. With this points of mine, I hope I’ve been able to convince you why you need to revisit your onboarding process or create one if you never one before now. This article was written by Yewande Jinadu. Interested in contributing for She Leads Africa? Click here.
5 Bookkeeping Tips for New Small Business Owners
One of the most important things a small business owner needs to learn is the basics of accounting and bookkeeping. I mean if your business is not turning over a profit, how would you know? For someone that is not good with numbers, I struggled a lot with the concept of accounting and bookkeeping. I still do until I was forced to get my acts together and learn it once and for all. I’m not exactly a pro yet but I like to think I’ve got my books handled for now until I can afford an accountant. So, here are five tips that have helped me that can help you too as a small business owner: 1. Start with Excel It’s so easy to get overwhelmed with all the tools and templates available for bookkeeping. But I’ve noticed that sometimes it’s better to start with what you’re familiar with. Most of us have a basic knowledge of Excel so you should start with that. Make sure you enter all the money that is coming in and all the money that is going out. Don’t forget you can also use it to create monthly budgets for your business. 2. Track every single expense One of the key things you need to do for your business is to track your expenses. If possible, keep all receipts and tellers. If papers are too stressful to track, download an expense tracking app. You can never go wrong with one. Tip: If you’re in Nigeria, use the Reach app to track your expenses. 3. Separate personal from the business account Whether you admit it or not, you’re not your business so you should treat it like a separate entity. Don’t be tempted to use your business account for personal expenses. Once your business starts making money, put yourself on a salary. That way, you can curb the temptation to dip into your business account. [bctt tweet=”Small Biz owners, listen! Once your business starts making money, put yourself on a salary – @Ebun_Oluwole ” username=”SheLeadsAfrica”] 4. Embrace technology As a small business owner, you should be thankful for all the apps and software that are available at your disposal. It saves you a lot of money you would otherwise have used to hire a professional. Once you get a hang of them, the accounting software is pretty easy to use. 5. Balance your books regularly Between your Excel sheet and your bank statement, there needs to be a reconciliation. Every month, try to balance your books by reconciling all your accounts with your software. It’s so easy to make mistakes manually when using Excel so it’s better to use your accounting software where you can upload your bank statements and reconcile your accounts accurately. Tip: Wave is a simple accounting software you can use. When your business begins to scale, don’t hesitate to hire the services of a small business accountant. Interested in contributing for She Leads Africa? Click here.
Remi Owadokun: Before you write a book, determine what success means to you
Remi Owadokun is a Certified Health Coach, Life Coach and Founder of the Total Makeover Program. The Total Makeover Program is a lifestyle brand dedicated to equipping individuals to live healthy, happy and better lives. She has written not just one, but four bestsellers. In this interview with SLA, she shares her experience as a best selling author. What made you decide to write a book? Well, I was indecisive. I was not sure anyone really wanted to read my story. In fact, I felt it was too ordinary and way too familiar but I had gotten a few requests from people who were interested in reading my book if I wrote it and so I started writing and stopped in chapter 3 or 4. I had never written a book and wasn’t sure what I was I doing. My mentor found out about my book and he served as an accountability partner until it was completed. I was not thinking of the bestseller status at all at the time, just writing the book and holding it in my hand was such a big deal that I did not realize that they were much bigger things to aspire to. So, once I published my hard copy, I put up a new goal. I wanted it to be a bestseller. [bctt tweet=”That your book is an Amazon bestseller does not necessarily mean that your book is a good book. It – @remiowadokun” username=”SheLeadsAfrica”] As a 4 time best selling author, how did you feel when your books achieved bestseller status? The first time was a very huge deal for me as I held best-seller status for about a week. On Amazon, bestsellers are announced on an hourly basis. The highest number of downloads made per hour determines who is a bestseller. So for me to have this for almost a week was massive. I had set a high standard for myself, I couldn’t go below my first book. If the first book became a bestseller, all my books would be so and that determined how I approached the entire process. How has this benefited your brand and business? I would say for my brand, it gives a nice ring to it when I say I have 4 best selling books. It has also helped position myself as a Thought Leader on the topics I have written about. When I get invited to speak or participate in a panel, the audience is more willing to listen, and the organizers are more open to inviting me on their platforms. Can you share some tips on how intending authors can make their books attain Bestseller status? That your book is an Amazon bestseller does not necessarily mean that your book is a good book. It just means that people bought or downloaded the book on Amazon. It doesn’t even mean that people read it. So I would implore that you invest the time to put out very good work, do your research and put your heart in whatever you are doing. Build a community of people who love your work and be consistent in giving value. If you don’t want to end up with boxes of books in storage, it is important that people are hungry for your book even before you decide to put it out. So share, share and share until they can’t wait for you to write a book they can buy and read. [bctt tweet=”Find your authentic self and be true to it – @remiowadokun” username=”SheLeadsAfrica”] What would you say are the general worries of potential authors and how can they scale these hurdles as they attempt to write their own books? Everyone is different and so everyone has different brands of fear, so it is hard to call it one thing. It might be the fear that no one will buy the book, that no one will read it, that people will question your work, that people from your past might see it, that it might be a failure, that it might be a success. It could be anything. My recommendations would be to pass the thoughts through the lenses of critical thinking. Determine why you want to write the book and what success in that area means to you. For some people, they just want to complete a writing project, not necessarily put it out. For some people, it is to get it into the hands of people without profit attached, for some they want to become famous or make money. So determine your why and let that guide your process, strategy. When it comes to writing, no one really puts their best works at first, so don’t wait for it to feel perfect, even if it feels so in a few years you will look back and wonder who wrote it. Who are your favorite authors? Paulo Coelho, he is a remarkable storyteller and I love storytelling. Chimamanda Adichie is also a great storyteller and I love her style of writing. Where do you see your work in the coming years? I see my work developing into other expressions of art like plays, films, cartoons etc. Final words for young African women in business and career Find your authentic self and be true to it. Interested in contributing for She Leads Africa? Click here.
Cashless Banking in Africa: How we’re creating payment solutions with technology and innovation
African economies are well positioned to benefit from rapidly accelerating technological change if they can harness the current open landscape for innovation. East Africa is already a global leader in mobile payments, while mobile money accounts in sub-Saharan Africa are on an upward charge. Apart from being able to leapfrog the limitations and costs of physical infrastructure, the continent stands to benefit from having the youngest, tech-savvy workforce in the world in the next decade. Africa’s working age population is expected to grow by 450 million people by 2035. According to the World Bank and the continent is projected to have the largest working population of 1.1 billion by 2034, notes the World Economic Forum on Africa. Recent GSMA data shows that mobile money accounts in sub-Saharan Africa are up 18.4% between 2016-17 to 33.8m registered accounts. [bctt tweet=”Banking in a cashless society will require African solutions for African problems – @nnamdi_oranye” username=”SheLeadsAfrica”] However, we cannot wait 12-15 years before adequate job creating initiatives and policies are unlocked. The answer lies in harnessing the power of the digital economy today to create African solutions for African problems. An important part of this will require promoting and partnering with African innovators to unlock sustainable growth. We are already witnessing the significant potential of digital innovation in the remittance and mobile wallet space. Penetration of smartphones is expected to hit at least the 50% mark in 2020 from only 2% in 2010, according to the World Economic Forum, offering the continent a clean canvas for tech-based innovation. It is an opportunity we must not miss. These are exciting times and are forcing us to think differently to come up with true Pan African innovation and development. MFS Africa is a good example of how carefully harnessed and supported technological innovation can have ripple effects through the continent. It now operates the largest digital payments network in Africa and connects over 170m mobile wallets through 100+ partners, including Airtel, Ecobank, MTN, Orange and Vodafone across 55 markets. It has about 15% of the African population connected to a platform. M-Pesa, launched in Kenya in 2007, is an often-touted example of African technology making waves even outside its own borders. After capturing the local market for cash transfers it has spread to three continents and 10 countries. MicroEnsure, meanwhile continues on the path of developing pioneering insurance solutions for low-income people like micro-health, crop, and mobile insurance. These are solutions directly aimed at emerging customers and it is little surprise the company continues new customers by cleverly partnering with telcos. Access.mobile is another major success story, testing and growing its health innovation offerings for seven years in East Africa. The company works with health systems to hone their communications with patients in lower-income but also in growing areas and it hopped the pond in the opposite direction from most smaller startups and landed one of its first American clients. [bctt tweet=”Standard Bank, as Africa’s largest bank by assets, hopes to support even more start-up and tech initiatives across the continent” username=”SheLeadsAfrica”] Adventist Health White Memorial Hospital, a Los Angeles facility that works largely with lower-income Hispanics, was looking for ways to use health data to achieve better outcomes within its population. These are examples of the role models that will inspire our next generation of innovators. We need more and tech-savvy banks to need to continue supporting them as they grasp future opportunities. Just consider that Findex data shows that sub-Saharan Africa is home to all eight economies where 20 percent or more of adults use only a mobile money account: Burkina Faso, Côte d’Ivoire, Gabon, Kenya, Senegal, Tanzania, Uganda, and Zimbabwe. Opportunities, therefore, abound to increase account ownership up to 95 million unbanked adults in the region receive cash payments for agricultural products, and roughly 65 million save using semiformal methods. Standard Bank, as Africa’s largest bank by assets, hopes to support even more start-up and tech initiatives across the continent to ensure these opportunities are not lost. [bctt tweet=”We are setting a new standard in digital payments with the launch of Africa’s first prepaid virtual cards ecosystem, among many other digital innovations – @nnamdi_oranye” username=”SheLeadsAfrica”] We are therefore innovating ourselves at a rapid pace to harness the benefits of the digital age to drive financial services inclusion. Mobile payment solutions like Snapscan is now available at over 25,000 merchants and a vast user network across South Africa. We are setting a new standard in digital payments with the launch of Africa’s first prepaid virtual cards ecosystem, among many other digital innovations. The future will be about solving genuine customer problems rather than putting a band aid on them. One area in urgent need of change, for instance, is remittances, where Africa is still one of the costliest places in the world to remit payments – fees as high as 10% to 20% are still endured. We need to harness technology to genuinely solve this problem. Sometimes when we talk about banking in cashless society we look too far out – but we don’t have the luxury of time. Knowing your customer (KYC) is about understanding what they need today based on their culture and context and then unlocking the already available data to provide the solution. Technology, for instance, can solve the unbanked problem on the continent. However, this does not mean you can “plug and play” by taking something that works in one country and expecting it to work in another. Success will increasingly be centered on having a Pan African view of the problem, but local implementation. The future is certainly bright for Africa as exponential innovation continues to drive change across the continent we call home, disrupts industries and replace legacy technology. It is now time to grasp this opportunity with both hands before the innovation wave passes us by. Article By Nnamdi Oranye, Fintech Author and International Remittances Lead at Standard Bank Group. October 2018 Sponsored Post.
Eva Warigia: Be mindful of your network, it is the base of your success
Eva Warigia is a jack of many trades with a passion for Africans and their economic advancement. As one half of the executive directing team of the East Africa Venture Capitalists Association, representing over sixty firms, she uses her knowledge of finance and strategy to position East Africa as a thriving investment hub. In this interview, she talks about her leadership position, and how she’s working with stakeholders to promote investment in East Africa. At what point in your life did you first learn about your field of work and what drew you to it? I probably came across private equity in 2011. At the time I worked for a technology and corporate advisory firm as a strategy analyst focusing on helping businesses fundraise. It was there that I got to interact with the different structures of funding. [bctt tweet=”My docket as one half of the leadership of EAVCA is in leading the advocacy and intelligence – @eva_hawa” username=”SheLeadsAfrica”] You are one of the two executive directors of the East African Venture Capitalists Association (EAVCA) what exactly do you do? EAVCA is a member association for private equity and venture capital firms who are interested in deploying capital in East Africa. As a trade organization, we represent the interests of member firms deploying private capital in the region, which constitutes Ethiopia, Uganda, Rwanda, Kenya, and Tanzania. We are the interface between the region’s stakeholders, the general public and the investors. Our activities largely involve advocacy for the private capital sector, research, and intelligence for investors considering the region for investment. Being the foremost networking platform for East Africa to advance thought leadership in the PE and VC space, and finally, conducting training for the sector. We also nurture the local professionals, as well as building awareness with the sector stakeholders. My docket as one half of the leadership of EAVCA is in leading the advocacy and intelligence. This entails working with the sector stakeholders to create partnerships that promote investment inflows in East Africa.Internationally, less than 10% of venture capital funds go to female entrepreneurs. Is this situation just as bleak in East Africa? This is also the case in East Africa. There was a time when female-led enterprises were not as visible as they are now, especially on the funding front. Emerging trends for conscious investment (particularly gender lens investing) mean that the tide is slowly turning to acknowledge that female-led enterprises are equally lucrative. Furthermore, women are more deliberate in their business planning and less likely to take investment capital for personal use. What does EAVCA do to ensure that besides women-owned businesses there is diversity in general in businesses being considered for funding? From 2018, EAVCA became more deliberate in local engagement by working with trade associations, incubators and accelerators to grow local awareness of PE and VC as alternative sources of capital. We are also ensuring we carry out industry-specific research showcasing opportunities that exist in East Africa. One such research was on the opportunities available for fin-tech investing in East Africa, which we launched in March this year. This allows investors deeper access to sectors that have probably been on their radar but whose information may be hard to come by. [bctt tweet=”I think it is important for technical entrepreneurs to find partners who will help them with the business side of their enterprise or product – @eva_hawa” username=”SheLeadsAfrica”] What are some of the mistakes you have seen female entrepreneurs make while interacting with venture capitalists, and what can they do to better pitch their businesses to investors? While I would not categorize this as a mistake, I think it is important for technical entrepreneurs to find partners who will help them with the business side of their enterprise or product. Far too many entrepreneurs are struggling to raise capital by themselves without the tools or skills to approach this. Thankfully, there are programmes and incubators that equip entrepreneurs with the skills needed to begin thinking of their vision as a commercial venture. There is quite an array of accelerators available for African entrepreneurs such as MEST Africa which is available in Ghana, Nigeria, South Africa, Kenya, and Cote d’ Ivoire or Growth Africa for East Africans. There are also institution backed programmes like the Trade and Investment Hub (the Hub) by USAID, which is available in East, West and South Africa, or the Stanford Seed Transformation Programme in Ghana and Kenya. Finally, we have philanthropy backed incubators also committing to support the initiative by Africa’s entrepreneurs such as the Tony Elumelu Foundation or Africa Netpreneur Prize by the Jack Ma Foundation. EAVCA has been led by women from its inception. Can we interpret that to mean Africa doesn’t share the same discouraging international statistics when it comes to women’s leadership in VC firms? As an association, we are privileged to have women as the champions of the industry in East Africa. For the VC and PE funds, the bulk of fund managers are still led by men although we have a growing number of women taking up that space. I believe it is important for women to support each other in male-dominated industries such as ours and share their journeys so that we can all learn from each other. How has working at EAVCA changed your perception of Africa’s potential to be an economic and innovation hub in the future? I have always been an Afro-optimist and firmly believe in Africa’s value and ability to influence the future! Working with EAVCA has furthered my confidence in our potential as a continent. I interact each day with people who are as passionate about Africa as I am and who are effecting positive change within their different spheres. I am able to see how it is all shaping out from my bird’s eye view at the Association and it just fuels me to want to do more! What is the favorite part of your job? Every day, I meet people that are clear about
Gugu Sithole-Tyali Shows Us How to Take Over the World of PR
As you know, we’re always so incredibly proud when we see amazing women who are not only succeeding in their respective careers but uplift other young women for success too! With over 10 years’ experience, Gugu Sithole-Tyali took her once small side hustle and turned it into one of the most respected PR companies in the creative industry. Sprout Creative PR is not only completely black-owned, but they also have an all-woman team, and together, they eliminate the misconceptions society has of women working together for a bigger and greater purpose. Below, Gugu shares a bit about her challenges, successes and how she is using her talents to empower other women on the come up. Tell us more about Sprout PR? We’re a budding, black-owned, creative boutique, specializing in brand communications. Our talents lie in strategic public relations, digital marketing, brand development, creative content creation, and event curation. [bctt tweet=”Turning a side hustle into a business has been interesting, to say the least – @ZuluGirl1″ username=”SheLeadsAfrica”] What do you think is the most challenging part of being in the industry? From the perspective of being a startup in the industry, the challenges are endless. I’ll stick to three that have been particularly pertinent to Sprout over the last couple of years. Carving a niche for ourselves: In the beginning, there was a temptation to do a lot of things, often more than what our business could handle. As soon as we stopped trying to be everything to everyone, and played to our strengths as a team, we were able to carve a space for ourselves. Currently, that’s working with brands in Fintech, Agritech, AI, etc. We also have a love for and wide-ranging experience in the lifestyle sector, so we’re excited to see that portfolio grow. Staying competitive: As a young and small agency, competing with the well-established agencies can be pretty tough. They’ve got long track records and name recognition going for them. We’ve found however that being small has its positives, so we’re working hard to take advantage of those. We’re adaptable, have a niche specialization, and I think we’re way more invested in our clients and their brands. We’ve also been lucky to get extensive exposure to design thinking and Lean Startup methodologies. Adopting and implementing those practices has allowed us to collaborate with clients in a way that harnesses our shared strengths, and has resulted in them viewing us as partners, rather than vendors. Assembling the right team: This one’s a biggie. Striking a balance between hiring experienced professionals and being a training ground for up-and-comers – something close to my heart – is tricky. We’re fortunate to work with clients who are passionate about entrepreneurship/startups, and so as long we’re working our butts off, staying accountable, and are passionate about their brands, they’re giving us the room to figure this part out. We’re working hard at it though. [bctt tweet=”As soon as we stopped trying to be everything to everyone, and played to our strengths as a team, we were able to carve a space for ourselves – @ZuluGirl1″ username=”SheLeadsAfrica”] We have heard about your difficult journey, tell us a little more? Turning a side hustle into a business has been interesting, to say the least. Nothing could have prepared me for the hardships of this journey. But, it’s also been an incredibly fulfilling, and the best part is that it’s helped me find my tribe – smart, creative, hardworking, tenacious women (and men), who are overcoming similar challenges every day. They’ve helped me find the good in these hardships. I’m most grateful for them. We are so inspired by your All Woman staff, how has the dynamic been, and have you had any criticism? I’m proud of the fact that with each day we’re dispelling this myth around women not being able to work together. We live by one, simple rule: Collaboration over competition. It’s formed the foundation for how we deliver for clients, deal with conflict, and show support to not only the members of our own team but women in our broader network. It’s also a value that’s been extremely helpful in the hiring process. Have you had any challenges in the industry as a black-owned company? I think a lack of belief in our value is probably one of the biggest challenges faced by black-owned businesses in general, it’s not industry-specific. As a black business owner, I think I’ve often let this self-doubt negatively influence my decision-making. I’ve charged less for services, bent over backward for clients who didn’t necessarily deserve it, etc. I realize though that this made me part of the problem because it does us a disservice by diminishing our worth. I feel like I’m currently in a season of truly backing not only myself but my team and our ability to deliver. How is the future looking for Sprout PR? If the caliber of the brands in our portfolio (the likes of Standard Bank, DHL Supply Chain Africa, Switch Innovation, and the African Fintech Unconference) is anything to go by, the future is looking bright. We have a long way to go and lots of learning to do, but we’re up to the challenge. What advice do you have for anyone trying to break into the industry? I have a few pointers… Work on those writing skills, they’re key to your arsenal. Stay at it. Persistence is essential to getting over the rejection of your ideas and stories. Learn to network. You never know when a contact will help you land a dream job or client. Take good care of your online reputation. How else is a brand going to trust you to take care of theirs? Break into the industry with an agency that’s breaking into the market. Startups are a great training ground. Interested in contributing for She Leads Africa? Click here.
Eyitemi Popo: How I turned my media brand into a lifestyle brand
[bctt tweet=”If you’re an entrepreneur who feels stuck with your business, I hope you find this article at the perfect time and it encourages you to keep pushing.” username=”SheLeadsAfrica”] After five years of building my online magazine, painstakingly growing a social media following, and nurturing relationships with global brands, I had found a comfortable niche in the media landscape. The night after my magazine’s 5th-anniversary party, I quietly reflected on the journey. I read the congratulatory messages I had received, some reminding me that many online sites and magazines that started with – or even after – Ayiba no longer existed. But was survival enough of an achievement? Making my dream my reality was significant. Building a team to drive that vision forward had significance. I mean, I had gone from shooting the first cover of Ayiba Magazine on my college campus to having celebrity photographers shoot the cover with Hollywood actresses. The growth was undeniable, that had to count for something. And perhaps it did. However, my side hustle was still a side hustle bringing in side hustle revenue. Was that the best I could do? And more importantly, what was next? Almost a year to the date of my quiet contemplation, I have built Girls Trip Tours, a social venture that is a direct manifestation of my magazine’s mission. It leverages Ayiba’s readership, brand equity, and professional network to design unique travel experiences across Africa with a focus on female empowerment. Our trips have the goal of empowering future female leaders through mentorship, while taking in the sites and dining around town in the company of high profile business women and local industry leaders. I like to think of it as ‘Sisterhood of the Traveling Pants’ with less soul-searching and more self-actualization. Where once you could read about Lagos’ nightlife, Nairobi’s startup ecosystem, or Rwandese artisans in the pages of Ayiba, now we can arrange for you to experience these things first-hand through group or solo travel with Girls Trip Tours. The idea came from the opportunity I observed for digital brands to bring online experiences offline and create deeper more meaningful connections with their virtual communities in real life. The concept of Girls Trip Tours emerged from a perceived customer need. Ayiba readers were emailing to ask for travel advice. Our articles had inspired our readers in the diaspora to want to visit the continent and they were looking to us as an expert resource. My mission with Ayiba is to connect Africans in the diaspora with those on the continent through storytelling. I have consistently done this through online and print mediums, but now I have the opportunity to create those connections in real life. [bctt tweet=”Lifestyle brands thrive when they figure out what their customers end goal and design their brand around the experiences that their customers desire – @AyibaMagazine ” username=”SheLeadsAfrica”] Figure out your customers desire, along with the people, places, things, and ideas that inspire them to action. After surveying 100 plus women in Ayiba’s online community, I decided to organize trips to Kenya and Nigeria in 2019. As per their feedback, there are a mix of experiences to satisfy those seeking ancestral travel experiences to West Africa, wildlife and adventure in National Parks, as well as urban exploration in Africa’s most vibrant cities. In addition to satisfying a customer need, by expanding my media brand to include travel experiences, I now have a new avenue for creating content. On each trip, there are multiple opportunities to connect with new talents to feature or more contributors to write. I also will be creatively inspired by my surroundings to shoot video series, photography campaigns, and write OP-EDS on social issues I am confronted with. In the long run, I believe it makes sense for Ayiba to become a lifestyle brand. I am creating a customer journey that can start with exploring content online, which may lead to booking a travel experience or vice versa. The magazine and the trips will feed into one another. In this next phase of my entrepreneurial journey, I look forward to listening to my customers, as well as looking to broader industry trends for my continued evolution. For any entrepreneur that may feel stuck with their businesses, I hope you find this article at the perfect time and it encourages you to keep pushing. If your growth has become stagnant and you are looking for a new direction to go in, observe customer behavior, look to the industry for inspiration, and most importantly, ask your audience what they want/need, then test it out. I did a soft-launch with a Girls Trip to Ghana in July. It was that small group trip, the women I met, and the girls I mentored that gave me the confidence to do more.My advice Consider what other verticals may be profitable before you give up on a business you have put time, money, sweat, and tears into. As tough as it may be, if you have a good foundation: reputable brand and loyal audience, there are many ways you can consider monetizing and scaling up. Interested in contributing for She Leads Africa? Click here.
How to Hire an Attorney for Your Business
For the past few years, we’ve seen an increase in the number of female entrepreneurs in Africa. In the 2017 MasterCard Index of Women Entrepreneurs (MIWE) report, Uganda – as one of the only two low-income economies to be included in the report – had the greatest number of female-run businesses in the world, which corresponds to 34.8%. The country even superseded high-income countries like New Zealand (33.3%), Australia (32.4%), and Russia (32.6%). 2017 has been an amazing year for many African women who chose to take the entrepreneurial path, so as in 2018. If you’re thinking of launching your own business, now is the time to do so. There are many kinds of business that require very small capital, some you can even start from home. Sometimes, a loan can help you get started if your savings are not enough. Why Should You Hire an Attorney? You’ve got a great business plan. A great product. A great concept. But how do you transform all your ideas into a tangible, operational business that is headed for success? Of course, you need help from the professionals. You probably have thought about hiring an accountant already. The reasons are pretty obvious. You need someone to help you with your books, make sure you’ve got the numbers right, and manage all your business taxes. But how about an attorney? You probably haven’t thought about it yet. Or maybe, you think that it’s too soon to get one. But the truth is that you will most likely need a good business attorney at every aspect of your business, from ensuring that you meet all the requirements set by the Companies and Intellectual Property Commission (CIPC) to organize your business (what type of business is most suitable for you as well as your tax structure), getting copyright and trademark advice, and many more. And as your business grows, a good attorney can help you carry out your expansion plans, understand the tax consequences of any changes with your business structure, prepare and execute contracts with your customers, suppliers and business partners, and file or deal with a lawsuit. [bctt tweet=”Do you have an attorney for your business? Read this article for steps on how to hire one” username=”SheLeadsAfrica”] Hiring an attorney is essential to achieving your business goals. Check out the following tips and suggestions in order to find the best lawyer to help you: 1. Look for an attorney who specializes in business law Like doctors, attorneys are becoming increasingly specialized these days. Some specialize in family law, others in criminal law or real estate law. Basically, you want to hire the attorney who has the experience and skills with corporate and mercantile laws. He or she should be skilled with making contracts, familiar with various business structures, understand real estate (you might have leasing issues for your commercial space), experienced with tax and licensing matters, etc. Depending on the nature of your business, you will also need other legal services. For instance, if you’re into media, design or any other creative type of business, you will need a lawyer who will help you get copyright protection for your work. 2. Look for an attorney who is familiar with your industry He or she may not know every aspect of the industry you’re in, but the right lawyer should be at least familiar with it. Don’t forget to check the track record of the lawyers you are considering. He or she should have a pretty good understanding of the industry’s ins and outs. Also, make sure that the lawyer does not represent any of your competitors. The last thing you want to happen is to have your confidential business info leaked to your competitors. 3. Find someone who educates A good attorney does not just give you the results you want. He or she also keeps you well-informed about the legal concerns your business is facing. The attorney should be willing to educate you and your staff about your current legal needs and situations, how it affects your business, and how similar problems can be prevented in the future. Your lawyer should also be proactive about updating you with recent policies or changes in existing policies that affect your business. 4. Get a good attorney who charges a reasonable fee Most lawyers charge an hourly rate, but some do a fixed rate. Good lawyers are willing to negotiate with their fees without compromising the quality of their services. Choose an attorney who is flexible with his billing. It is not all the time that you will need his or her services so paying monthly or hiring a company lawyer may not be a strategic idea yet, especially if you are just starting your business. Hiring an attorney for your business should not be that complicated as long as you keep all these suggestions in mind. Once you found the right one, keeping a good relationship with your attorney is the key to ensuring that he or she will be there when you need help. This article was written by Lidia Staron Lidia Staron is a part of Content and Marketing team at OpenCashAdvance.com. She contributes articles about the role of finance in the strategic planning and decision-making process. You can find really professional insights in her writings.
Learn how to trade and get paid with FXGEOMETRY’s bootcamp for women
The term ‘trading’ has been linked with men since the days of testosterone-filled trading floors. To this day, when online trading is accessible to anyone with an internet connection, the word remains synonymous with the male gender. Today’s preconception of women who choose to trade – and we must clarify they are women because the word traders alone can be perceived as a reference to men – may have to do with the vision brokers set and the audience they’ve chosen to advertise to. Trade smarter with Boost Embolex Pro’s automated strategies boostembolexpro.org More often than not, mass opinions are affected by the media and its reference to a group of people, in this case, the people of the financial industry. Could the general correlation between trading and gender be diluted? [bctt tweet=”The number of women interested in trading has been noticeably increasing – @kenny_simon78″ username=”SheLeadsAfrica”] Trading education hub FXGEOMETRY is looking at things from a different angle; it just announced the launch of a boot camp directed specifically at women, despite the fact that the company reaches a broad audience predominated by men. According to founder Kenny Simon, the number of women interested in trading has been noticeably increasing. The birth of this boot camp derived from the observation that more female traders have been showing interest in educational packages and trading mentorships, in addition, Kenny has seen an increase of female followers through social channels. Among approximately 10,000 followers worldwide the percentage of women among the followers has risen from 10% to 37% in the past 3 years. While the number of women who have signed up to personal one-on-one courses has moved up to 45%. Beyond FXGEOMETRY it seems like the entire financial world is moving away from its relic thoughts and gender-based judgment. In 2017, 23-year old Lauren Simmons became the youngest and only full-time female employee to hold the position of equity trader in the New York Stock Exchange (NYSE). In June of 2018, Stacey Cunningham became the first female president of the NYSE. Some may view this as proof that women are still not fully welcome in the financial industry or it can be seen as the first steps of progression. Considering Kenny’s background lies within peak performance coaching in trading, it comes as no surprise that part of his mission to expand the Geometric Patterns community includes a focus on the overlooked members of the trading world and whether they can be an equal match to men in the industry. Kenny, however, is not the first to give attention to this issue; many have previously gone out of their way to find out how women could make better traders. In Terrence Odean and Brad Barber’s 2001 study “Boys will be boys: Gender, Overconfidence and Common Stock Investments”, they went on to prove that men’s natural overconfidence tends to work against them. They analyzed account data for more than 35,000 households at a large discount brokerage between February 1991 and January 1997. They discovered that on average, men traded 45pc more frequently than women and that this incentive trading reduced their net returns by 2.65pc a year, compared to 1.72pc for women. [bctt tweet=”FXGEOMETRY’s @kenny_simon78 is conducting an exclusive 3 days FX trading boot camp for women in Nigeria this September. Read more..” username=”SheLeadsAfrica”] For those interested to attend whether just for the FREE preview or the 3 days Workshop, simply register here : In simple terms, the study showed that men trade more than women due to overconfidence and that tends to reduce their overall returns. Another interesting story in the history of women in the financial industry is the case of Bloomfield Hills investment club ran by Thomas O’Hara. The male-driven firm had been posting annual losses after 20 years of existence. In 1982 the men let their wives join the group and act as co-decision makers, within four years the club’s stake tripled, jumping from $180,000 to $500,000. Kenny’s latest event has prompted a lot of interest from women in the industry. A large number of women volunteered to join within the first few minutes following the announcement of the boot camp, accepting the challenge to learn a new trading method. The boot camp itself will choose 25 women through personality tests designed by Kenny – based on his big 5 personality traits that make up a good trader. The women will undergo a free 3-day boot camp with Kenny himself where they will learn the rules of trading with Geometric Patterns. The boot camp will be followed up by a trading competition in which all women will participate and compete for one of three prizes – $3,000, $2,000 and $1,000 consequently. If you’re interested, send an email to kenny@fxgeoemtry.com FXGEOMETRY’S boot camp is another effort to shed a bright light on female traders and what they can achieve in the financial world, putting preconceptions aside and shedding general judgment. The era of female traders may have not yet begun but a glimpse of light might be making its way in at the end of the tunnel. This article was written by Deema Osman. Deema is a content writer at 120advertising.com Sponsored Post.