May 18, 2015, Charlotte, NC USA
Today, The Afribiz Foundation releases a roadmap for venture development to help African entrepreneurs identify where they are in the process, as well as assist them in navigating the journey. The roadmap is used as the process framework for Afribiz’s Venture Cultivation methodology focused on sustainable ventures.
It is said that entrepreneurship is a full contact sport – a tension between opportunism and discipline. An entrepreneur becomes disciplined at the entrepreneurial process to transform an idea into a successful venture. This is what sets an entrepreneur who fell into an opportunity into a serial entrepreneur, one who can repeat the success of developing one successful venture after another.
Lauri Elliott, Executive Director of The Afribiz Foundation, says “Entrepreneurs get stuck in a cycle of past experiences often because they do not have a roadmap that illustrates the path they can follow to develop ventures. As a part of the Venture Cultivation methodology, we have prepared a roadmap to help entrepreneurs understand what they should be working on step-by-step (but not necessarily in a precise order) to go from an idea to start-up venture. It’s straightforward and can be adapted based on the scale and scope of the venture.”
The roadmap is free to the public. TAF also provides a free webinar series, Ramping Up to Venturing, covering the first seven steps of the roadmap. These tools are simple, but powerful for nascent, or emerging, entrepreneurs as the begin their journey. They help other entrepreneurs determine where they are in the process and what they might have missed, so they can develop a plan of action.
These tools are part of the venture development program that The Afribiz Foundation has established this year. The first cohort has finished the first phase and will be entering the next phase in a few months. The first cohort in South Africa has been selected and will begin in August 2015. The application and onboarding process for cohorts that begin in Ghana, Nigeria, Kenya, Cameroon, DR Congo, Congo Brazzaville, and South Africa begins in June 2015. In the meantime, entrepreneurs can take advantage of the Ramping Up to Venturing webinar series to get a jumpstart.
For further information on Venture Cultivation, click here.
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About The Afribiz Foundation
The Afribiz Foundation (TAF) serves as a lead catalyst of people-centric economic ecosystems. It is a member of the Afribiz family of entities, which represent an ecosystem economy, including Afribiz Group, Afribiz Ventures, Afribiz Trust, Afribiz Accelerators, Afribiz Trading, and Afribiz Intellimedia.