The 5x5x5 Course: Corporate-Startup Fit is officially launching in less than 4 weeks, and if you’re part of the hundreds of  innovation and impact practitioners from Switzerland to South Africa and Singapore, then we have a (several) date from the 15th of March as we start the week of the 5x5x5 course. If you’d like to be a part of this course, then keep reading.

In 2020, I pioneered what has been one of my valuable and favourite ways to engage in learning and development, and that is through the 5x5x5 Course. The model is simple, 5x5x5 stands for 5 days (duration of course), 5 resources (each day) and 5 minutes (how long it takes you consume each day of content). Over 400 students signed up!

I kickstarted this course as a means of adding value to the www.vdubese.com newsletter community beyond monthly updates on Impact Innovation, Inclusive Business Practice and African Startups. This was an opportunity to respond to the requests on teaching and consulting what the newsletter covered, productising my speaking engagements and key areas of expertise in corporate innovation and impact acceleration.

The 5x5x5 Course: Corporate-Startup Fit will unpack modelling value-based partnerships between corporates and startups with 5 resources each day to help guide your path to partnership. This course is perfect for you if:

  • ·         You are exploring corporate partnerships for your startup or SME
  • ·         You are a corporate innovator who is building relationship with the startup community
  • ·         You want to build meaningful and impactful relationships beyond vanity metrics and Memorandums of Understanding (MOUs)
  • ·         You have reached the bottleneck of your discussions with a prospective corporate partner
  • ·         You are ready to design a corporate-startup fit partnership that is centered at building a successful path to partnership

 

Sounds like something that should have your email address on it?

This course is exclusively for newsletter subscribers, and it is absolutely FREE! If you would like to sign up, all you have to do is CLICK HERE by subscribing to the monthly newsletter, and you’re in!

 

 

 

 

 

                                                                                                                     

 

Published in Inno trep tech

 I can’t believe this is happening to me! Zuri panicked as she shook her head and stared at her account balance. It was the middle of the month and she had a little over eighty thousand (Naira) left in her bank. To be fair, this would seem like a lot to some, but her expenses told a different story. This balance would barely make a dent in the bills she had piled up, and she wasn’t expecting any new funds ‘til the end of the month. Even then, she wouldn’t be able to cover the bills that has just arrived.”

In the very first chapter of The Smart Money Woman, this is how we are introduced to Zuri Goubadia, the protagonist of The Smart Money Book series, who finds herself in a position most women (African to millennial) know all too well, living from paycheck to paycheck with a middle-class lifestyle. Set in the hustle and bustle of Lagos, Nigeria, the book follows Zuri as she tackles debt, building her wealth, her career and relationships. She is joined on this journey by her friends Tami, Ladun, Adesuwa and Lara whose different circumstances and relationship with money adds to the texture of the multi-dimensional representation and complexity of the black woman (across the Diaspora and continent) in dealing with life’s many money ups and downs.

The author, Arese Ugwu is a high-powered entrepreneur in wealth management, executive producer and the voice behind The Smart Money Tribe podcast. She credits much of her success the many years in corporate Nigeria, being educated across Africa, Europe and Asia, and her own financial freedom journey.

I met Arese in 2019 at one of the events for the World Economic Forum on Africa in Cape Town, South Africa, and since then I've consumed and engaged with her products (from the books to the interviews) as she communicates financial management with a rich finesses.

Throughout the book series, Arese employs a principle of communicating financial wellness and wealth creation effortlessly through the circumstances of Zuri and her tribe, coupled with  Smart Money Lessons and exercises that are practical enough even for the non-financial reader who is flirting with the idea of investing and financial freedom.

In the first book, The Smart Money Woman, where we first meet Zuri who finds herself in an insurmountable amount of debt, we are ushered into her state of wellbeing as she navigates her fears and beliefs about money that have led her to only a few thousand Nairas. Through the lived experiences of her shared relationships, the book does justice to unloading concepts like financial abuse, intrapreneurship, emergency funds, the power of networking and understanding the roots of your money language.

The evolution of Zuri, Tami, Ladun, Adesuwa and Lara’s relationship unfolds in The Smart Money Tribe, as Arese provides the readers with the Guide to Making Bank through the main theme of the book of group economics. From setting financial boundaries with family, to the transition of a lifestyle adjustment and raising capital for your business to setting a framework for group savings and investment consortiums, the second book of the series expands the concept of what a Smart Money Woman is and how her network influences her networth.

 

“Intrapreneurship is the implementation of start-up practices in large corporations to produce valued innovation. Those kinds of workers are value-driven, adopt critical thinking methodologies and use innovation to solve problems within the business.” – Smart Money Lesson, Intrapreneurship: Chapter 4, The Smart Money Tribe

 

How do all of these converge to bring you best-selling books that have impacted women across the continent to invest and build their wealth, and fall in love with these five fictional characters who have now been turned into a TV series? You’ll have to read the many chapters to find out.

Conversations about money for me have always been anxiety inducing, unless it was about spending it. As I’m going through my own Zuri (with a bit of Lara and Tami) financial journey of wealth creation through Vuyolwethu as a Service and InnovTel, all while in a wahala of a global pandemic, going into the new year with these two books that I re-read from December January to 2021 was the exact guide and affirmation that I needed.

The Smart Money Woman and The Smart Money Tribe are the books you need if you are ready to start making the necessary steps to understand the financial situation of your life, and take responsibility of the relationship that you have with money, as well the language and mindset that you carry about money into your relationships across the many facets of your life. And, with the Yoruba and pidgin spoken in the books, I’m positive that my next trip to Nigeria will be filled with more jollof and spicy rice, and a better understanding of the language

 

 

Published in Life Style

Over the past 18 months, the concept of impact and innovation has been heavily on my mind, business and personal development. From designing impact, to evaluating and unpacking it through learning and development gamification. In the journey to answer these questions (with the background in corporate innovation and impact acceleration), I established InnovTel and have been relentlessly enquiring and reiterating since the establishment of the firm, working and partnering with institutions from Europe to Africa to do so.

What has been the result?

The answer has been consistent across verticals with the practice of three core principles in impact innovation, and that is built in the wire of understanding, designing and monitoring and evaluating the impact of your business. A few of these answers are also detailed in the seven free resources (mentioned below) which you can have access when you subscribe to the www.vdubese.com monthly newsletter.

Let’s unpack these principles:

Impact is the result of what value has been created from the immediate consumption of a product.

Understand it

In late 2020, I was invited by Lufthansa Group’s Inaugural Impact Week for South Africa engaging in impact design and business innovation. Impact Week is a global design thinking challenge that promotes innovation and entrepreneurship and has been held in Nepal, Nigeria, and Colombia to mention a few.

At the heart of the keynote was designing impact, and how inclusion should inform the kind of innovation that has potential to be impactful and intelligent. I broke this down to what I  identified as the 3 I’s of how to actualise (“Inclusion Informs Intelligent, Impactful Innovation”) and model impact into the process of engineering a solution as per the design thinking challenge.

Design thinking refers to the cognitive, strategic, and practical processes by design making this composition of this definition inclusive, that makes it inclusive. Marking the foundation of design thinking in creating a solution is inclusive, how can one enhance the model with intelligence and impact to truly capacitate its potential?

Getting started with the Impact Resource Playbook is a good starting point.

Design it

Understanding what impact is and means for your business the first step, and one in the right direction to fully actualise the evolution of the company (and product) value. Once you have the data and harnessed the intelligence, a framework must exist of how this impact will be delivered – a strategy if you will, that will aid and abet the execution. Tools like the Impact Delivery Framework resource that I’ve curated come in handy, whether you have established a company or are in the early stages of your business. What does this resource achieve? It is a 3 page document with a guide of questions to help you consult how your business has been delivering its impact, how it can enhance the experience and process for stakeholders, and whether the process is an opportunity for a model upgrade.

Monitor and Evaluate it

“Investors were looking for some kind of objectivity about the question ‘What is impact?’ And the SDGs do give a roadmap. Bridges uses the SDGs to source business opportunities, and CDC is incorporating them into the development impact thesis of every new investment. The SDGs have galvanized a tremendous amount and a growing amount of private sector capital,” -  Michele Giddens, co-CEO at Bridges Fund Management, and a non-executive director on the board of CDC Group.

To echo Michele’s outline of what impact can be used for, from sourcing business opportunities to employing investment, the framework that you develop can achieve a great outcome that contribute to the firm’s triple bottom line . How you monitor, evaluate and report your impact strategy makes difference, one that can access you to funding opportunities or weaponise the board to distrust your implementation.

This e-book covers a soft introduction to M&E covering strategy, modelling, stakeholders and reporting. Get yours here!

 

Conclusion

The impact of your business far outlives the output that you produce, it’s the tree that you should have planted 20 years ago. I’m one who finds thrill in the use of alliteration, and for the sake of the topic, I’d say ‘Invest In Impact Innovation” for your business.

Is this where the impact innovation process ends?

No, it is only the beginning. Investing in this evolving process spans the risk investment framework of your business and informs its trajectory inclusive of financial returns. Innovation is a continuous process dedicated to optimization, it is about finding and leaving something better than you found it, and as the vision of the company and technology of the products becomes optimised with AI and annual upgrades, why can’t the same effort be employed to the value that your stakeholders get from consuming your product?

       

 

       

Published in Inno trep tech

 

As I’m writing this, I’ve a bottle of Prosecco Doc Luxury opened and multitasking as a writer and an impassioned drinker of Italian sparkling wine with my flute champagne glass. And due to COVID-19 (well, to some extent), I’m at home in my bed going through how I’ve documented 2020 across my social media platforms and my somewhat illegible printed journal. It’s been a year that has qualified in many books as forgettable and unforgettable, and in its wholesome character has been one that has summoned courage and resilience.

This year started with the embrace of calling me out of familiar environments, and into new territories that knew my capabilities and added capacity along the way. When I left the firm that I was with in late February, I was sure of a few things which included a moderator engagement in Kigali, Rwanda as well as a deserved vacation to a few emirates in the United Arab of Emirates – the trajectory of my career and life was from this point onwards was what I could not have mapped out happening in a space of a few months.

After taking about three months to wallow in the reality that showcased itself through the violence of a pandemic, these months were filled with the relentless job applications acceptances and rejections (that returned with over or under qualified response, or non-culture fit), refining the messaging and positioning of my personal brand, upskilling and consulting businesses and startups in business innovation and strategy. Garnering the momentum in these months, through the work of consulting and continuous effort in Vuyolwethu As A Service was an opportunity to work in the wait, as well as prepare for what the months of stupendous grace that August and the months that followed would present.

It’s often joked about that in 2020, you should at least come out with one skill and I suppose I took that joke a little too seriously. I’ve always been one to outsource the work of skills that I don’t have, which includes the building of this particular website, but through Innovtel, I had a bit too much time on my hands and tons of insomnia to challenge myself to build a website. Through this engagement came an opportunity to work with Lufthansa by being a keynote speaker at their inaugural Impact Week for South Africa and produce a guide of the talk available exclusively to my newsletter community; and a few weeks later, InnovTel (Pty) Ltd was born. Innovtel is an impact design studio that facilitates impact innovation and shared value through Marketing and MIL (monitoring, impact and learning and development). To date, we’ve worked with companies like the University of Cape Town and the Mastercard Foundation, and ShEquity and Bright Insights Global to mention a few, spanning our work across three continents and operating as a five figure business. I stubbornly had to let go of the idea of becoming an entrepreneur by 30, and honour the space in which I was and am being placed in at present.

The experience of shedding through loss of family and friendships, habitual lifestyles and an old self, commanded the fierce submission of the a new way of doing and being. Personally, one of the ways in which I did was through sitting and being at home instead of on a plane and sleeping in a newly made white sheet-fitted hotel room. It felt as if I had lost a sense of mobility and the perceived value that I had attached to it. At home, I had to buy a desk and set aside a space to operate as if I was in a hotel suite or an office, and it’s become a continued way of operating in awareness.

Words and paragraphs are not enough to encapsulate the year of the pivot that was, and the learnings and losses that it carried with it to benefit or throw us completely off. What new ways of being and doing have you had to adopt and adapt to?

 

       

                                                                        

Published in Inno trep tech

 

I had a brief chat with Viresh Harduth who is the Vice President of Small Business, Sage Africa & Middle East about the vision and mission for Sage for small businesses across the region, and how your business can ready itself for the digital transformation and risk beyond COVID-19

 

1. Viresh, as Vice President of Small Business, Sage Africa & Middle East, what exactly does your role entail and how does it, and Sage support small businesses?

My job is to lead sales and renewals, channel development and customer engagement for our start-up and small business solutions portfolio. In practical terms, that means building awareness of our solutions in the marketplace, working with our business partners to help customers meet their business goals, and providing education and information to the market.

Sage’s vision in small business is to help our customers thrive by automating accounting and compliance and by coaching them to success. The way we do this is by reducing administration for our customers, helping customers to comply with tax regulations, and enabling businesses and their accountants to collaborate better.

2. In the established distinction of an SME and a Start-up, do Sage products apply to both? And at what stage should a business consider bringing in the skillset of accountancy and financing in their business, digitized or human capital?

Our goal at Sage is to build relationships with customers for life, so our Sage Business Cloud encompasses offerings for small businesses and start-ups through to sizeable medium businesses. Our solutions, designed for smaller businesses, are tailored to their specific needs, so they can subscribe and get up-and-running at an affordable cost.

Clients can start with a simple solution that makes it easy to invoice customers and track expenses, then move up the ladder to online and accounting solutions with richer functionality for budgeting, forecasting, multi-currency management, inventory tracking, employee self-service, debtors management and more.

Formal businesses – that is, limited companies – will need an accountant to prepare their annual financial statements. They will usually start by outsourcing to an accounting practice. Generally, it is only when the business grows into a larger and more complex operation that they will consider a permanent accountant. We are seeing accountants in practice become real advisors to small business clients, helping them with strategic advice around optimising costs and finding growth opportunities.

3. Before your current role, you were the Director of Optimisation and Operations at Sage International and I’d like to think that you, more than anyone else recognises the importance of embedding business optimization tools to contribute to your business’ success. How does and can Sage do this for small to medium businesses?

Our business solutions help our clients to optimise their business in two ways. Firstly, we streamline and automate many tasks for them, from financial recordkeeping, invoicing to filing tax submissions, saving them hours of human time each month. That time can then be directed to sales, strategy, billable work or other activities that add value. Automating red-tape and paperwork is a significant cost-saver.

Secondly, we understand that making the most of business opportunities must be balanced with managing cash flow and keeping costs under control. Companies need a clear, real-time view of how the business is performing to achieve that goal. Our solutions empower them with the business performance information they need to make good financial choices that translate into higher revenues and profits.

Making an investment in your business’ digital transformation is an investment that takes more than one purchase and optimising one process, it is an evolving strategy that takes time, skills and the right technology.

4. As small businesses are moving from being digitally resistant to the aspirational observers and challengers, and ultimately digital natives, what would be your advice to founders of things to consider as they map out their digital strategy?

Digital technology doesn’t need to be as complex as some small businesses outside the tech industry might imagine. A good place to start is by identifying areas where manual processes are slowing you down, costing you money, restricting your flexibility or hampering your customer experience. From there, you can look for cloud-based solutions that address your pain points through automation. Many of these tools can be trialed for a month or two for free.

To sum up: digital technology is at its most powerful when you’re starting with the goal of solving a business problem. As a small business owner, you might have limited budget and time to rapidly incorporate new technologies and skills into your business, so look for the quick wins. And remember that the cloud can adapt as your business changes and grows, remaining a valuable business tool that evolves with you.

5. Your message to founders as they are coming out of Global Entrepreneurship Month, and into a 2021 that will definitely still require us to do business differently?.

At Sage, we know the pandemic has compounded the effects of the recession,  and that many small businesses are struggling just to pay the rent and keep the lights on. Their grit and resilience are inspiring, as is the role they are playing in maintaining jobs and economic activity throughout this time.  But if you are running a small business, you’ll know that platitudes are not going to be enough.

There are no quick fixes for the damage that the pandemic may have dealt to your cash reserves and your cash flow. Nonetheless, there are also opportunities to get closer to your customers and find new purpose in a crisis. Stay focused on your vision, watch your cashflow, and look out for how customer behaviour is changing. Aiming for small wins makes you flexible, adaptable, and able to make faster decisions.

 

                                                                      

Published in Inno trep tech

A Sage Partnership

Thursday, 29 October 2020

 It’s the year that no futurist or economist could have predicted, one inhabited by a virus that would (and still) impact livelihoods, businesses, economies and our way of living. The negative socio-economic rippling effect of COVID-19 has been felt across all vectors, and in a similar light, has inspired entrepreneurial and innovative activity that’s yielded products and partnerships that have impacted and pivoted the world as we know it. On the 14th of October, I announced such a partnership, a SAGE Partnership to benefit small businesses across South Africa.

In the midst of the pandemic, and after weeks of anxiously contemplating whether to take the plunge and spending a week of building a facilitated learning platform, I launched www.innovtel.org which houses courses, e-books and InnovTel and Teach webinars on impact innovation. Birthed through our first partnership with a global leading aviation company in providing advisory and mentorship on impact innovation, InnovTel (Pty) Ltd  (an impact design studio that facilitates impact innovation and shared value through design, advisory and project management) was registered a company was born.

You’re probably thinking, what a crazy time to launch! Me too, at first. I also thought, what a relevant time to engage on impact and tools that can innovatively impact the way in which we practice and understand impact. A necessary opportunity to map out what impact means for your business, and what tools to use when listening to the potential impact and growth that can be achieved.

Recently, through InnovTel and Teach, which is one of the products of www.innovtel.org , we engaged with an entrepreneur on how she is building her multi-million venture, and one of the core principles of this impact was finances. She simply said to build your business as though you are building a legacy baby and it was her accountant who gave her this sage advice.

Being a small business owner, I knew that I could waste no time in tracking the finances of my business, and in my relationship with data and intelligence, Excel was my chosen tool of choice for my business, coupled with my relationship with my banker in understanding the trajectory that I wanted to take my business in. However, I knew I needed more to optimise my operations, and my partnership with SAGE could not have been more timeous, especially since I didn’t have an accountant on my business speed dial.

SAGE, a multinational enterprise software company, and I, will be engaging in #SAGEAdvice harnessing insights and expertise, and sharing how #SageForSmallBiz tools and capabilities for SMEs can optimize business operations through digitization. Over the next few months, we’ll be unpacking what this exactly means, and how things like automated processes, getting the right tools for your business finances, choosing the right business program partners, what impact is and how getting these process right and much more can contribute to the growth and success of your business.

For now, here’s a little gift from SAGE, an e-book guide with 10 tips to transform your productivity and how changing something as simple and important as your accounting admin can have a huge impact on your business.

 

                                                                      

Published in Inno trep tech

In February, I had honoured the invitation of moderating the Investor Forum at the annual Timeless Women’s Conference in Kigali, Rwanda which is one of the leading women empowerment conferences in Africa, and truly a Pan-African experience. Garnished with high-level speakers such as former First Ladies, Members of Parliament, Executives and Impact -driven Entrepreneurs, it was a convening that invited an opportunity to measure and see how Africans and those in the diaspora can do so in engaging discussions, and through that, create shared value.

Traveling to Rwanda for the first time, it certainly lived up to the expectation of it being one of the technology capitals of Africa. The moment I landed at Kigali International Airport, I was met with the warmest of service at the counters and my visa processed on arrival without any hassles. Before I knew it, it was time to get on stage at the two-day event, and moderate the investor forum which highlighted about Investing in Africa through themes including and not limited to Policy and Regulation, FDI and DFI, SMMEs, Digitization and Inclusive Capital Deployment. If anything to come out of the session, it’s that capital and innovation can’t solely be reliant on the private sector, government has to not only be visible in and during elections, but throughout the year, and so its work.

“Intra-Africa trade has been historically low. Intra-African exports were 16.6%

of total exports in 2017, compared with 68% in Europe and 59% in Asia,

pointing to untapped potential.” – World Economic Forum

 

“According to the UN Economic Commission for Africa (ECA), under the African

Continental Free Trade Agreement (AfCFTA), intra-African trade is likely to

increase by 52.3% by 2020.”– United Nations 

Taking the above statistics into considerations, the engaged conference and traveling to one of Africa’s Foreign Direct Investment (FDI) Hotspots and one of the five fastest-growing economies on the continent, inspired me to analyse and share the concept of CSV through the diaspore lens, and through the channel of lessons learnt through my few days in Rwanda.

An academic concept coined by Harvard Business School Professors Michael Porter and Mark R. Kramer and was introduced in 2011 in the Harvard Business Review article ‘Creating Shared Value.’, this concepts looks at the core of wealth creation through shared value. CSV asks the question of how do you capitalise the very capitalism to trade, scale and share in profits and social impact by not trading off the one for the other?

CSV has been proposed to be achieved in THREE ways, and that is by Reconceiving products and markets, Redefining productivity in the value chain and Enabling local cluster development. Let’s take a look at how we can enable. Nurture and catalyse the principle of CSV and dive into examples and proposals of such an effort:

  • Reconceiving Products and Markets

The first of the three keys of CSV in unlocked in creating new products and services or markets that will serve the socio-economic needs identified. This is the opportunity for intrapreneurs and entrepreneurs to activate value through the channel of new product innovation, and/or integrate them in products and markets that already exist.

Market-creating innovation (innovation that doesn’t rely on post infrastructure society and the financial markets it’ll create) that will help close the infrastructure financing gap in the range of US$68-US$108 billion. We need to propel further access into education for this opportunity and retain young people as per Whitney Houston (I believe the children are our future) – we need to let them lead the way. We need to center the youth in these dialogues, we encourage that.

Examples of such innovations are crowdfunding platforms as open innovation tools for co-creation, startups changing the course of African innovation and a COVID-19 investor matchup tool for startups (piloting). These examples continue to call upon the power of collaboration, creating new products (new or incremental) and a desire for a new market.

  • Redefining Productivity in the Value Chain

Creating new products is great, but how do we ensure that efficiency is created, monitored and evaluated on par with the excellence that the product is created with? The value chain in Africa disrupted by one of few mechanisms, that of which includes the role of government in actualising the full potential of its nations. Looking at channels to access, use and manage resources, energy, suppliers, logistics innovatively and to full potential, and more productively is a unique opportunity as it is a challenge. African leadership is more than unfortunately regarded for the moral decay in leadership. Africa needs to become deliberate about the type of leadership that the continent requires to continue to open the runway for investment. Transformational leaders who are thinking generationally.

The difference in policy and regulations is that sometimes the policy frameworks doesn’t gel as well as with the outcome of the policy. We need to ensure that the AfCFTA and its compliance will bear the fruit that the projections of impact are highlighting. Government must lead prioritize in creating an enabling environment where better policies and regulations can be established for not only the multinationals but the SMMEs – creating Startup Acts and executing AfCFTA (now delayed due to COVID-19).

  • Enabling Local Network and Development

Over the course of the years, we’ve witnessed and some participated in the FDI and particularly the investment in education, youth and technology as we’ve seen with Andela, Africa Netpreneur Prize (with Alibaba and Jack Ma), the expansion of Facebook Developer Circles across African cities and Mark Zuckerburg’s visit to Nigeria – this trend is one of clear opportunity that has potential to alleviate many social ills of our society. Improving the local operating environment through skills development and development training will invite coding academies like GirlCode, startup competitions like Seedstars World, incubating organisations like Foundervine and government-led innovations like Kigali Innovation City and its collaborators to pave the way. This is nothing new for Africa, and the through the interconnectedness and shared passion across the diaspora, CSV can be leveraged for its economic benefits to serve.

 

Ready to Create and Impact Value?

When we refer to the industrial revolutions and mention the empires that changed the course of history, that of the African Renaissance is often eclipsed. In his book Tech Adjacent, Mushambi Mutuma engages on the pioneering continent that Africa was and still is when it comes to technology, research and development and innovation. This leads us to the statistics provided earlier on the African Continental Free Trade Agreement, and the need to develop mechanisms that something like 4IR can bring to radicalize economic value and growth.

So what will it take to tap into this value and create it? The secret sauce is Africa is in the continent’s true diversity, resources, youth, (cross sector) collaboration, intra-African trade, community and innovation.

Investing in Africa and the diaspora is a paradigmatic moment for the continent and is inviting various stakeholders including DFIs and independent investors from across the globe. AFCTA is the heart of investment confidence at present in interstate trade and development talks. Partnerships and collaboration are prime in executing the policy frameworks and projects, and conferences like these hotbeds for creating such opportunities.

Although the science of CSV is that it pays for itself and is Daviding the Goliath of capitalism, capital resource allocation is the root of why the scales are not balanced, and how Corporate Social Responsibility (CSR) has come to pass. Also, in areas and communities where capital and its resources are needed for economic activity, a priority needs to place beyond championing the gift of food parcels. Africa and the diaspora can, are and will maximise the profit of nations and their organisations and continue to connect the thread and networks to inclusively innovate and develop for economic and development purposes.

 

 

Published in Inno trep tech

 I was having one of my Sunday bookstore dates one beautiful, sunny Cape Town afternoon and like a bear with honey coated paws, I gravitated my sticky fingers towards the business and personal development sections of the store. At the time, I was with global intelligence and media company, Thomson Reuters, who put a great deal and emphasis on career and personal development, and I wanted so much to bulk study and learn. In its very bold pink letters, I saw a cover with the letters “Nice Girls Don’t Get the Corner Office”, and my wallet and I fell for the bait.

Upon further reading and cooping myself up in Exclusive Books’, I realised that I was reading a revised and updated version of the book. “Nice Girls Still Don’t Get the Corner Office: Unconscious Mistakes Women Make that Sabotage their Careers” was the full name of the book, a mouthful, I know, but Dr Lois Frankel who authored the book does a great job in unceremoniously unpacking these mistakes.

Have you ever found yourself apologizing before you talk or ask a question? Immediately disqualifying your credentials for a job or board opportunity? Invalidate your article before it gets published, and thus never letting it see the light of day? How about always sitting at the back of meetings or using non-words, what Frankel describes as “credibility busters” to communicate? I’ll raise both my hands with you because I’ve been guilty of these behaviours, or what the author calls Nice Girl Behaviour, what she deems necessary but not sustainable for success.

In the book, Frankel confronts over 130 mistakes that women (and I’d like to add early entrants into the workplace and/or industry) make that set them up for corner office sabotage success; with the corner office a metaphor for transactional spaces (mental and physical) where we’ve placed boundaries that limit our potential to actualise our excellence and badassness. The book pairs coaching tips to action after every mistake as well as plentiful resources provided by Frankel and a few appearances from her industry peers. Delivered with the sharpness of freshly squeezed lemon juice, the author doesn’t shy away from recognising patriarchy’s psychological contribution and economic returns, as well as women’s conscious roles in sabotaging their own careers.

With that said, I strongly believe that some of Frankel’s strong biases would fall through the cracks in some chapters and mistakes ,and  in particular to the seventh chapter dealing with “How You Look”. As with any self-development resource, you have to take it with a pinch of articulation and understand that it’s as generic as the sand granules unless its tailored to a career development plan for you. There are definitely some coaching tips that I found incredibly helpful and have been using over the past few weeks, and others which the internal consultant in me honoured not for me.

Every few moments that I had to share snippets of the book on my social media platforms, the feedback would be from women who had already read it and provided great feedback and others who hadn’t, but wanted to ardently get their hands on it. I too, continue to greatly endorse this book from international best seller, Dr Lois Frankel, for all genders for self-development as well as conscious empowerment of women in the workplace and in industry.

 

 

Published in Life Style

 

Entrepreneurship, it’s far beyond meetings at coffee shops, sleek silver grey PCs and colourful socks, it’s a design that’s a function of human-centred solutions and banking on the market in the gap. And, in most emerging markets like Africa and Asia, small and medium businesses contribute a large portion to not only a country’s Gross Domestic Product (GDP) but also in alleviating social ills like unemployment and limited access to affordable healthcare. And no business can operate as an island; access to markets, capital investment and capabilities are just some of the tools needed to operate and scale a business, something that the Entrepreneur of the Year® (EOY) Awards offers and enables.

What is Entrepreneur of Year Awards?

Proudly sponsored by Sanlam and BUSINESS/PARTNERS, the Entrepreneur of the Year® Awards is an annual competition that recognises and honours small and medium enterprises in South Africa who are innovative in their businesses, and create not only profitable businesses, but enterprises of social and economic impact. The competition invites esteemed entrepreneurs, investors and veterans in business like Matsi Modise and David Morobe to judge this notable competition, and uses various filtering processes to mitigate bias and error.

So, what’s in it for Sanlam and BUSINESS/PARTNERS in investing in such a platform? “We’ve been in business for over 38 years and understand that entrepreneurship can be a lonely journey. As such, we created the competition as a platform to acknowledge the efforts made by business owners to assure them that they are on the right track and to link them with other entrepreneurs for networking and business opportunities,” says Gugu Mjadu, Spokesperson for the Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS.

Gugu adds that the awards were also introduced with the aim to contribute towards stimulating entrepreneurial activity in the country. “We want aspiring entrepreneurs to look at the EOY award winners and believe that it is possible to achieve success and wealth via entrepreneurship,” she adds.

What Access to Market?

With so many competitions, events and awards in the entrepreneurial ecosystem, it can be difficult to track the impact and progress of the capital that the entrepreneurs receive from these organisations. According to the SME Landscape Report An Assessment of South Africa’s SME Landscape: Challenges, Opportunities, Risks & Next Steps’ 2018/2019, it was revealed that almost 52% of entrepreneurs care and prioritize about access to market than anything else for their businesses and also need assistance in access, especially small and medium business, using this is a springboard to enabling their companies to scale.

But what is Access to Market? And how does it enable small and medium businesses to thrive? Market access is the conditions and measures set by countries to enable or to restrict transactions and trade of their products. These conditions for small and medium enterprises are also upheld by the bureaucracy that exists in both public and private sectors, at times making it difficult for the smaller players to get a piece of the market share. This is why, more than ever, it’s important for big players like Sanlam and BUSINESS/PARTNERS to enable market access, through either their own market or with the financial capital that is up for grabs in this year’s awards.

EOY's Strategy for Entrepreneurship Access in South Africa

Take 2017 Innovator of the Year® winner and owner of Pimp my Book, Mpodumo Doubada – he says the direct spin-off from the EOY awards was a far more positive reception from various universities and corporates – who had heard about their company through the media and became a little more open to trying their innovative approach. Post winning, he also opened a new store in Pretoria, signed on more than 1000 new bursary students to their bursary division. The best part is that their revenue has grown by 40% since winning the award. ”  says Gugu.

Through the awards and its objective to get the entrepreneurs to build and grow a successful business, the entrepreneurs get an opportunity to leverage social networking and capital, this, with fellow entrepreneurs and credible business experts who carry insights in industries of interest. Winners also have the added advantage of receiving formal mentorship or technical assistance as one of their prizes which they can use to develop tactics for accessing markets.

Adoption Strategy for your Business

So, whether it’s the prizes to the total value of R2 million which include cash prizes of R500 000, expanding networks, receiving media and mentorship exposure, it’s important that not only you just enter the EOY Awards, but to also enter it with clarity of why and how it can benefit the scaling of the development of your business.

 Entries close on 31st of May, so don’t forget to submit your applications by visiting www.eoy.co.za !

 

              

             

              

       

 

 

 

Published in Inno trep tech

BCOMing Educated

Tuesday, 29 May 2018

 

It was after a much needed catch up with my mentor, over some lunch where education was the theme of the few hours we spent building the trust of the relationship and updating each other on what was new and how we could continue building each other and our ecosystems. It was intimidating to sit down with an accomplished, educated and intelligent woman, but I’m glad the tough conversation was had. It was one of the keys that led me to making a decision that was about opening up to being more, experiencing more and living more – getting out of my own way.

I was going to go back to school to obtain my under graduate degree, 6 years post matriculating from high school. Besides the reasons mentioned above, the two other motivations was the value that I know education has the potential to add to my professional and personal life, and this was also a promise that I had made to my father before he passed away.

So why did I wait 6 years to pursue my under graduate qualification? I’ve got very good reasons and excuses which were very good delay tactics, please see below:

Reasons:

·        Pending …

Excuses:

  • ·        My application was unsuccessful in two universities through past
  • ·        I was just really lazy and afraid to start all over again
  • ·        I didn’t think I still had it in me, curriculums and times change – insecurity’s timing is perfect. It’s a good thing that it was no measure for faith!
  • ·        I didn’t want to save for the course because I enjoyed being careless with my money, and I didn’t know that my company had a study assistance policy

·        You get my drift …

After many dress rehearsals with myself and my mother, close friends, mentors and sponsors, I decided to get over myself and begin the journey, I enrolled.

  1. 1.      Picking the Qualification

After I finally had plucked up the courage to sit on the University of South Africa (UNISA) website, I went through the qualifications that appeared not only intimidating, but relevant for the future of corporate innovation, startups and strategic partnerships through data and modelling in preparing or the current and future economic and industrial revolutions. The data led me to BCOM Business Informatics qualification. The modules looked relevant to the objective of my desire to go back to school. I applied and got accepted. I was extremely nervous and happy at the opportunity to become a better employee and a corporate innovation practitioner.

  1. 2.      Preparing for the Qualification

I was accepted, so what was next?

 

I had been accepted and found out about my company policy, but because of the university administration and a strike that happened, I was late to apply which meant that the money had to come out of my own pocket. Because I had been intentional about going back to school, I had saved up a couple of thousands of rands, and my mother was also a gem and made an investment in my first semester, that helped. The cost of studying is high, if I were to advise someone on going back who has no financial aid, it would be to starting saving yesterday, a little does go a long way.

 

I also had to be transparent and disclose the decision to my manager, this so that should time come needed for studying and exam time (quite a few UNISA tutorials are on Saturdays), it would be no issue.

 

  1. 3.      Doing the Course

You’re going to war, so strategize!

·        Prepare a Timetable - To be honest, what’s really helped is having this timetable saved as my phone screensaver and putting in alarms on my phones. Be nice to yourself and schedule in a night off during the week.

·        A Strong Ecosystem - Get yourself some considerate and supportive friends who will understand when you cannot go out (time and money) because of the current investment you’re making. In the long run, this will also

·        Work Smarter – If you get an assignment that aligned to the theme that you’re already doing at work, or as a side hustle, complement the two and kills as many birds as you can with the assignment stone.

·        Be Kind to Yourself – By this I not only mean spa days and popping  a bottle of champagne when you’ve aced that exam, but eating better and taking that digital detox  when necessary because the stress can manifest in pimples and headaches.

 

It’s been a tough few months, I won’t lie. To be honest, there was a period where I’d given myself one week off studying because I was just lazy to, even with the grace of my alarms attempt at reminding me only to be snoozed until it stopped. The truth is that you know you and your behaviour better than any tips that I could give you, and the reason of you going back to school fulltime or part time should be motivation enough.

Congratulations to us on taking the step to go back to being educated and seeing its value in our lives, and may continue to pursue by preparing and being ready to participate in our destinies.

 

 

 

 

 

 

Published in Life Style

Vuyolwethu Dubese is a multiple award-nominated professional in impact and inclusive development, and innovation strategy. Over the past five years, she's served as a Startup Partnerships Lead for Africa for global intelligence firm, Thomson Reuters and as an Impact Acceleration Associate at investment and advisory firm, Impact Amplifier and served on boards. During this period, she has also worked with organisations like Foundervine, World Bank Group, Standard Bank, UCT Graduate School of Business, UNDP Africa and Accenture, Seedstars World, Redbull and Global Startup Awards to mention a few through her expertise. As a moderator, she's graced the stage at multiple high-level engagements in and outside of South Africa including the USAID Global Entrepreneurship Week, and the Timeless Women's Conference and Gala Dinner in Rwanda to mention a few.

CONNECT WITH ME

Stay connected with me via my social platforms