I have no challenge with the Business summary template but the explanation and breakdown has broaden my horizon more about what it takes to put down a business plan together. Thank you TEF Team❤️🙏
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He did very well but he was not able to relate target audience to financial value. The number of customers you can reach (target audience) multiplied by the cost of your product/services. If u sell your product at $5 and your target audience are up to 200. The financial value of your audience should be 200 x $5 = $1,000. I hope this helps
Thanks for your very valuable input. But in the context of this class, there was no need to calculate financial value of a business. Remember this was a live class, and we used a template that had questions that the primary audience needed to be guided on how to respond to. There was no need to take them to the long journey.
Please,can you go back to the financial calculations for a target audience/customers both in dollars and local currencies and also sheds light on profitability. Thanks.
He did well but he was not able to relate target audience to financial value. you can reach (target audience) multiplied by the cost of your product/services
He did very well but he was not able to relate target audience to financial value. The number of customers you can reach (target audience) multiplied by the cost of your product/services. If u sell your product at $5 and your target audience are up to 200. The financial value of your audience should be 200 x $5 = $1,000. I hope this helps
Thanks for this information. I have been doing my business for 7years but am group under start up. If am to write, will i write as if am just going to start the business afresh or i will write to let them know how i have been doing the business
You have report as an existing business. But TEF funds only businesses that are less than 3 years old. So you may want to consider that when writing. Instead indicate you started operations less than 3 years ago.
Please I have a worry My business is a fitness and nutrition center Where clients pay 8550 CFA for gym sessions per month. We assumed that we will train 120 customers per year To calculate total sales do I have to multiple 8559 by 120 Or I should multiple 8550 by 12 (we assume that customers will utilize our services for a year) Before multiplying by 120 ?
Well, your most secure sales are the first sales. As much as you will put in efforts to get them to continue to renew their subscription, not many will do. So you should first put down the 120 estimated first subscribers, by multiplying your monthly subscription fees by your estimated yearly customer; 120. (ie 120X8550 =VALUE A). Then assume that a small percentage of your customers will renew their subscriptions every other month throughout the year. So if you say 10%, that means 12 clients/customers. Multiply your monthly subscription by 12 (estimated number of 1-year subscribers) and then by 12 (months in a year). (ie 12X12X8550=VALUE B). Your estimated total sales for the year would now be VALUE A + VALUE B. I hope this was helpful...
Yes it is. Your business summary is a summary of your business plan. This is perculia to the TEF. Normally, you are expected to have written a business plan, and then use the summary template sent by the TEF to summarize your business plan.
Yes, TEF only funds BUSINESSES that are 3 years old or younger. If yours is older than three years, you need not mention it in the business summary template or on any documents/you submit to TEF henceforth. If your business is registered for more than 3 years now, don't use the document. Try and register a new business... You can get back to me if you need help with business registration...
Yes, TEF only funds BUSINESSES that are 3 years old or younger. If yours is older than three years, you need not mention it in the business summary template or on any documents/you submit to TEF henceforth. If your business is registered for more than 3 years now, don't use the document. Try and register a new business... You can get back to me if you need help with business registration...
Grâce à cette formation organisée par tef j'ai appris beaucoup de choses. Merci pour cette Bell opportunité
Sorry, I don't read french. thanks for the comment nonetheless
I have no challenge with the Business summary template but the explanation and breakdown has broaden my horizon more about what it takes to put down a business plan together.
Thank you TEF Team❤️🙏
I am very great fully for participating in this session. Jalingo participants are greeting from Taraba State, Nigeria.
Lazarus Sabo can we connect?
I'm from Taraba and based in Jalingo too
Am following
Thank you very much
You are welcome!
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Wao! This is is so awesome, very detailed, and instructive. Thanks, man.
Glad you enjoyed it!
Thank you for the wonderful presentation. It helps a lot.
Helpful. Thanks a lot.
I am glad you found this video helpful.
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Good 👍
Thanks for the visit
Am with you all the way. Start at threats
He did very well but he was not able to relate target audience to financial value.
The number of customers you can reach (target audience) multiplied by the cost of your product/services.
If u sell your product at $5 and your target audience are up to 200. The financial value of your audience should be 200 x $5 = $1,000.
I hope this helps
Thanks for your very valuable input. But in the context of this class, there was no need to calculate financial value of a business. Remember this was a live class, and we used a template that had questions that the primary audience needed to be guided on how to respond to. There was no need to take them to the long journey.
Ride on!
thanks
You are ok. Continue
Great presentation
I'm glad you find it useful
Thank you Sir, this is very helpful
I'm glad you find it helpful. please share with your network of entrepreneurs and aspiring entrepreneurs
Yes we are ok
We are with you
We hear you
Jusqu'au bout de cette aventure j'irai...
Am grateful sir God bless you
We hear you loud and clear
Yes l am hearing you.
Carry on sir
Ok we are good
Yes we see
Bonjour à toute l'equipe TEF
We can hear very well.
Thank you Sir
So nice of you
Continue
VERY HELPFUL..pls can u share a filled template
You should face the window side. The light is coming from your back
Yes
can i delete the subheadings under each questions.e.g where they wrote required for pitching
Are we required to submit due diligence with our business summary and pitching video too
Please wait for specific instructions from the TEF.
God help us to successed in our struggling to the achievement.
Bonjour
Please,can you go back to the financial calculations for a target audience/customers both in dollars and local currencies and also sheds light on profitability. Thanks.
You can go back to the point you don't understand and watch it again, as many times as possible.
Pls I need little explanation about building a team, thank.
He did well but he was not able to relate target audience to financial value.
you can reach (target audience) multiplied by the cost of your product/services
He did very well but he was not able to relate target audience to financial value.
The number of customers you can reach (target audience) multiplied by the cost of your product/services.
If u sell your product at $5 and your target audience are up to 200. The financial value of your audience should be 200 x $5 = $1,000.
I hope this helps
What is the date for submitting the pitch
mambo vipi.. umemaliza bp?
Thanks for this information. I have been doing my business for 7years but am group under start up. If am to write, will i write as if am just going to start the business afresh or i will write to let them know how i have been doing the business
You have report as an existing business. But TEF funds only businesses that are less than
3 years old. So you may want to consider that when writing. Instead indicate you started operations less than 3 years ago.
@@OnuohaGabriel great. thanks
to get my profit margin, should it be in percentage?
YES, IT SHOULD BE
The communication is not working
Please I have a worry
My business is a fitness and nutrition center
Where clients pay 8550 CFA for gym sessions per month.
We assumed that we will train 120 customers per year
To calculate total sales do I have to multiple 8559 by 120
Or I should multiple 8550 by 12 (we assume that customers will utilize our services for a year)
Before multiplying by 120 ?
Well, your most secure sales are the first sales. As much as you will put in efforts to get them to continue to renew their subscription, not many will do. So you should first put down the 120 estimated first subscribers, by multiplying your monthly subscription fees by your estimated yearly customer; 120. (ie 120X8550 =VALUE A). Then assume that a small percentage of your customers will renew their subscriptions every other month throughout the year. So if you say 10%, that means 12 clients/customers. Multiply your monthly subscription by 12 (estimated number of 1-year subscribers) and then by 12 (months in a year). (ie 12X12X8550=VALUE B).
Your estimated total sales for the year would now be VALUE A + VALUE B.
I hope this was helpful...
We need it in French also.
I'll work on that. It's in English for now
Please is a business summary different from a business plan???
Yes it is. Your business summary is a summary of your business plan. This is perculia to the TEF. Normally, you are expected to have written a business plan, and then use the summary template sent by the TEF to summarize your business plan.
@@OnuohaGabriel okk
Please do you say Tef only fund business that's less than 3years?
So if it's 3years and above, someone won't get fund?
Please answer 🙏
yes
Yes, TEF only funds BUSINESSES that are 3 years old or younger.
If yours is older than three years, you need not mention it in the business summary template or on any documents/you submit to TEF henceforth.
If your business is registered for more than 3 years now, don't use the document. Try and register a new business... You can get back to me if you need help with business registration...
Yes, TEF only funds BUSINESSES that are 3 years old or younger.
If yours is older than three years, you need not mention it in the business summary template or on any documents/you submit to TEF henceforth.
If your business is registered for more than 3 years now, don't use the document. Try and register a new business... You can get back to me if you need help with business registration...
@@OnuohaGabriel alright
Thank you
Thank you Sir
Always welcome. please subscribe and share with your network.
Continue
Yes
Yes
Yes
Yes
Yes