FEBRUARY 2021 - MADE IN AFRICA ISSUE
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<strong>FEBRUARY</strong><br />
2 0 2 1<br />
STRATEGIES ON<br />
SCAL<strong>IN</strong>G YOUR<br />
MANUFACTUR<strong>IN</strong>G<br />
BUS<strong>IN</strong>ESS <strong>IN</strong><br />
<strong>AFRICA</strong><br />
PG. 32<br />
PRACTICAL TIPS<br />
ON BRAND<strong>IN</strong>G<br />
YOUR <strong>MADE</strong> <strong>IN</strong><br />
<strong>AFRICA</strong><br />
PRODUCTS<br />
PG. 15<br />
PROMOT<strong>IN</strong>G<br />
YOUR<br />
PRODUCTS<br />
THROUGH<br />
AFFILIATE<br />
MARKET<strong>IN</strong>G<br />
PG. 6<br />
BECOM<strong>IN</strong>G A<br />
DIGITAL<br />
ENTERPRISE:<br />
THE 9 REVENUE<br />
MODEL<br />
PG. 30<br />
MEET<br />
Adebola Ataiyero-Adefila<br />
The Profitable Manufacturer<br />
A MAKEHAVEN PUBLICATION
Editor’s Note<br />
LET’S TALK ABOUT <strong>MADE</strong> <strong>IN</strong> <strong>AFRICA</strong> BRANDS<br />
I'm so excited to introduce this edition to you.<br />
What better time to celebrate Made in Africa brands than now?<br />
In this edition, we had the opportunity to hear from Adebola<br />
Ataiyero-Adefila, the Chief Operating Officer at Bantu Rolls Nigeria Limited.<br />
She shared some insights that would be useful to any Made in Africa brand.<br />
Also in this edition, we looked at some tips and strategies to help you move<br />
your African brands forward.<br />
Don't just read this edition alone, be sure to share with a friend.<br />
I hope you enjoy this edition!<br />
We would also love to hear from you and keep you updated. Connect with us<br />
on all social media channels with the handle "@sme360nigeria" or you can<br />
send us an email via contact@sme360.ng. Also, do not forget to subscribe to<br />
our magazine by visiting www.sme360.ng/subscribe.<br />
Till our next issue, remember to stay safe.<br />
Ayishat Olanrewaju<br />
MANAG<strong>IN</strong>G EDITOR<br />
SME360 Magazine<br />
Published By:<br />
Publisher<br />
Folashade Adeyemo<br />
Managing Editor<br />
Creative Director<br />
Design<br />
Writers<br />
Ayishat Olanrewaju<br />
Oladele Olanrewaju<br />
DRO Design Studio<br />
Shannon Okubor<br />
Associate Editor<br />
Torinmo Salau<br />
Digital Marketing<br />
Executive<br />
Boluwatife Okeowo<br />
Staff Writers<br />
Samuel Moore<br />
Folarin Emmanuel<br />
Rejoice Obike<br />
Alara Charis<br />
Linda Egbuna<br />
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CONTRIBUTORS<br />
DR. MAYMUNAH YUSUF KADIRI<br />
Dr. Maymunah Yusuf Kadiri, popularly referred to as “The Celebrity Shrink,” is a multiple award winning Mental Health Physician & Advocate. She is a<br />
dynamic Consultant Neuro-Psychiatrist and a Fellow of the National Post-Graduate Medical College of Nigeria (FMCPsych) with almost 20 years’<br />
experience as a practicing Physician.<br />
She is a trained and certified Rational Emotive and Cognitive Behavioural Therapist from Albert Ellis Institute, New York, USA. She is also a certified<br />
Trauma Counsellor and Neurofeedback Practitioner.<br />
She is the Medical Director and Psychiatrist-In-Chief at Pinnacle Medical Services, Nigeria’s leading and foremost Psychology and Mental health clinic<br />
prominent in the application of innovative clinical approaches in the management/treatment of a wide range of psychological, emotional, and<br />
behavioral related disorders.<br />
She is the only Nigerian with the 11Ps.....Physician, Psychiatrist, Psychologist, Psychotherapist, Practitioner (NLP, BFB, NFB), Public Speaker, Publisher,<br />
Producer (movies), Parent, People oriented and Passionate about God and life.<br />
ABIMBOLA OLIGB<strong>IN</strong>DE<br />
Abimbola Oligbinde is an Entrepreneur and Business Coach with over 12 years experience in Media/Communications and SME Development<br />
She is the Founder, Youthpreneur Business Development Network (YBDN), a Social Enterprise established to empower youth-owned businesses with<br />
skills development, mentoring and connection to funding opportunities.<br />
YBDN was borne out of her passion to empower small and medium businesses for growth. The network, through its various programmes, has<br />
empowered about 3000 businesses since it was founded in 2015.<br />
Abimbola has coached and mentored many small/medium business owners to success.<br />
LAWRETTA EGBA<br />
Lawretta Egba is a professional writer and financial analyst. She is a Chartered Accountant and has a Bsc in Accounting as well as a masters in media<br />
and communication with Pan Atlantic University, in view.<br />
She has years of experience in investment banking, private equity, and ghostwriting, and has written for myriad of platforms in Nigeria and the diaspora<br />
including Future Africa Forum, Nairametrics, The Guardian, Premium Times, and more.<br />
Through her company, Cyno Group, she has also written for organizations like Quantum Zenith, Yochaa, Lagos State Ministry of Economic Planning &<br />
Budget, FITC, etc. She is also a Toastmaster (Competent Communicator) and a blue belt Karateka.<br />
CHIMA EZEOKOYE<br />
Chima Ezeokoye is a co-founder of WeMove Technologies Ltd. - a technology company with vested interest in transportation and tourism. There he<br />
oversees Corporate, business development, and partnerships.<br />
He was formerly the Head of Corporate Communications at VConnect Global Services. He is passionate about travel, tech, and human psychology.<br />
KEMI OGUNKOYA<br />
KEMI OGUNKOYA FIMC, CMC is a renowned Leadership Development Strategist, Author and Management consultant. For close to a decade, she has<br />
conducted and facilitated high impact leadership development workshops across; Africa, North America and Asia.<br />
Kemi prides herself in the ability to help corporate organisations enjoy seamless leadership transitions and executive onboarding to eliminate<br />
deficiencies which invariably minimise their costs and let them focus on growth.<br />
For close to a decade, she has helped individuals and organisations nationally and internationally create amazing results equipping businesses with the<br />
appropriate technology driven leadership skills to effectively perform on their jobs and Businesses.<br />
SEUN ODEGBAMI<br />
Seun Odegbami is an experienced brand and marketing professional driven by passion to see businesses get actionable results using available<br />
resources, he takes pride in providing his best version as dutifully as possible. As a marketing professional some of his primary goals include helping<br />
business grow their brand and content marketing strategy having done this with several startups.<br />
Some of his contents have received recognition by one of the leading telecoms brand in Nigeria.<br />
DAVID LANRE MESSAN<br />
David Lanre Messan is a multiple award-winning entrepreneur, idea strategist and investor with key interest in entrepreneurship and technology and<br />
highly skilled in idea development, disruptive strategy, business analysis, fundraising, startup development and business management. DLM is<br />
committed to raising digital enterprise disruptors to create wealth and jobs through entrepreneurship and incubation programs. He has developed over<br />
250 thriving business ideas for clients in Nigeria and has raised over $10 million investment for small businesses.
CONTENT<br />
19<br />
SME360 <strong>IN</strong>TERVIEW<br />
Meet Adebola Adefila<br />
The Profitable Manufacturer<br />
24<br />
WHY SMALL BUS<strong>IN</strong>ESS LEADERS<br />
MUST PRIORITIZE THEIR MENTAL<br />
HEALTH<br />
26<br />
5 KEY QUESTIONS TO GUIDE YOUR<br />
MARKET RESEARCH<br />
27<br />
9 APPS THAT CAN IMPROVE<br />
YOUR BUS<strong>IN</strong>ESS OPERATIONS<br />
30<br />
BECOM<strong>IN</strong>G A DIGITAL ENTERPRISE:<br />
THE 9 REVENUE MODEL<br />
32<br />
STRATEGIES ON SCAL<strong>IN</strong>G YOUR<br />
MANUFACTUR<strong>IN</strong>G BUS<strong>IN</strong>ESS <strong>IN</strong> <strong>AFRICA</strong><br />
6<br />
PROMOT<strong>IN</strong>G YOUR PRODUCTS<br />
THROUGH AFFILIATE MARKET<strong>IN</strong>G<br />
8<br />
CREAT<strong>IN</strong>G MULTIPLE REVENUE<br />
CHANNELS FOR BUS<strong>IN</strong>ESS SURVIVAL<br />
9<br />
CHALLENGES ASSOCIATED WITH<br />
MANUFACTUR<strong>IN</strong>G <strong>IN</strong> <strong>AFRICA</strong><br />
12<br />
HOW <strong>AFRICA</strong>N MANUFACTUR<strong>IN</strong>G<br />
COMPANIES CAN <strong>IN</strong>CREASE<br />
ONL<strong>IN</strong>E SALES<br />
14<br />
MANUFACTUR<strong>IN</strong>G OUTSOURC<strong>IN</strong>G<br />
<strong>IN</strong> <strong>AFRICA</strong>:<br />
BENEFITS AND EFFECTS<br />
15<br />
PRACTICAL TIPS ON BRAND<strong>IN</strong>G<br />
YOUR <strong>MADE</strong> <strong>IN</strong> <strong>AFRICA</strong> PRODUCTS<br />
18<br />
SLEEP: A LOVE LANGUAGE<br />
TO YOURSELF<br />
21<br />
TIPS TO CREAT<strong>IN</strong>G AN ONL<strong>IN</strong>E<br />
PRESENCE FOR <strong>MADE</strong> <strong>IN</strong> <strong>AFRICA</strong><br />
PRODUCTS<br />
34<br />
MEET<br />
SUSAN GRANGER<br />
MANAG<strong>IN</strong>G DIRECTOR OF NUBIAN QUEEN ON 101
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PROMOT<strong>IN</strong>G YOUR PRODUCTS<br />
THROUGH AFFILIATE MARKET<strong>IN</strong>G<br />
SEUN ODEGBAMI<br />
here are many channels to<br />
generate sales for your business<br />
and affiliate marketing is a<br />
means or method of generating sales<br />
for your service by offering<br />
commission on sales of your products<br />
by 3rd parties such as influencers,<br />
eCommerce sites or affiliate<br />
marketing agents.<br />
If you are scared, it is not a networking<br />
pyramid scheme like MMM. It is also<br />
cost-effective, and payments are<br />
based on performance. It means you<br />
don’t have to pay if there are no<br />
results.<br />
Affiliate marketing can help your<br />
products reach a wider audience, and<br />
more recent data on google trends<br />
show a surge in the number of<br />
individuals searching for answers to<br />
affiliate programs.<br />
HOW IT WORKS:<br />
A merchant is a person who creates a<br />
service offering or a product.<br />
Sometimes it is just individuals who<br />
are selling shoes, bags, clothing, online<br />
courses and programs.<br />
Next is the Affiliate: This the person<br />
who shares your products to a larger<br />
audience. Some companies run<br />
affiliate programs; however, it is<br />
common among individuals. This<br />
industry generates thousands of<br />
Nigerian naira yearly.<br />
HOW DO THEY DO THIS:<br />
The affiliate promotes your products<br />
using their channels to convince target<br />
markets to purchase your products.<br />
They are achieved by running reviews<br />
of products; similar to @misstechy on<br />
her Instagram and her blog site.<br />
Misstechy actually runs ads using her<br />
account to convince people to<br />
download applications and use certain<br />
services and businesses she has<br />
worked with have seen results in sales.<br />
@Ogbenidipo on Twitter is also<br />
another example of an affiliate<br />
marketer, some corporate<br />
organisations also ask him to put out<br />
a review on information on their<br />
products, and his followers engage<br />
with the product.<br />
The network is also part of the affiliate<br />
marketing framework; it is an<br />
intermediary between the affiliate<br />
and the market. Some examples<br />
include the popular amazon, but over<br />
here, we have the likes of Jumia and<br />
Konga who have several affiliate<br />
programs on their eCommerce<br />
platform where you can display your<br />
products and services.<br />
The fact that you have a relationship<br />
with organisations like Jumia or<br />
Konga who take care of delivery can<br />
put more trust in your product<br />
offering. This network is also an<br />
opportunity to display your offering to<br />
a wider audience.<br />
BECOM<strong>IN</strong>G A MERCHANT:<br />
First, you must have a product you
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want to sell, if you don’t, then start<br />
looking to create products that you<br />
can sell.<br />
Next step is to have a product that<br />
people “need” and would buy because<br />
no one can sell a product that is not a<br />
need. It’s a ship which is going to<br />
capsize.<br />
Last, find affiliate programs in Nigeria;<br />
for example, Konga and Jumia has an<br />
affiliate program which you can join<br />
as merchants looking for customers.<br />
Mode of Payments:<br />
Per click: Only pay when people click<br />
your link.<br />
Per lead: Only pay when people sign<br />
up for your program of enquiring.<br />
Per sales: When a sale is made.<br />
MAK<strong>IN</strong>G IT WORK FOR YOU:<br />
1. Use coupons, discounts or<br />
promotions.<br />
As a business to generate more sales,<br />
you can consider creating deals and<br />
coupons for people who sign up or<br />
want to buy products. It makes<br />
people excited about your offering, for<br />
people in industries like beauty, travel<br />
and electronics. This would prove<br />
helpful and help you track results.<br />
2. Select the right Influencer.<br />
Not every influencer may be right for<br />
your product. For example, if you sell<br />
clothes @misstechy might not be the<br />
best to convert your products but if you<br />
sell digital products or electronic<br />
gadgets she might be the best option<br />
for you.<br />
Brands focus more on the number but<br />
what you should be cracking down is<br />
niche influencers who can effectively<br />
convince their followers to purchase<br />
your product or service. Depending on<br />
the agreement some influencers<br />
might offer to do exchanges as an<br />
agreement; like a free sample of your<br />
product, or a free ticket to a conference<br />
if you are promoting a conference or<br />
pay based on performance.<br />
3. Build your own affiliate network.<br />
By building your affiliate network, you<br />
can ascertain how much revenue you<br />
can generate. To make it easier, draw<br />
up agreements including what you<br />
would pay and how affiliates can<br />
benefit from it.<br />
You can create more affiliates by<br />
offering further commissions to<br />
current affiliates to bring in more<br />
people to the network and create<br />
more loyal followings by rewarding<br />
long term affiliates.<br />
4. Use several channels.<br />
There are several affiliate promotional<br />
programs; it only makes sense to be<br />
strategic and select the option<br />
generating more results.<br />
a. Video reviews on YouTube: Popular<br />
YouTubers can help you push sales<br />
when they promote your product on<br />
their YouTube channel.<br />
b. Product reviews using blogs: Some<br />
bloggers have high traffic on their<br />
blog sites, a review by niche bloggers<br />
can increase your sales.<br />
c. Email marketing: Some Affiliate<br />
marketers have a huge email list<br />
where they can share your product to<br />
services with their list and get people<br />
to click and view your products.
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CREAT<strong>IN</strong>G MULTIPLE REVENUE<br />
CHANNELS FOR BUS<strong>IN</strong>ESS SURVIVAL<br />
LAWRETTA EGBA<br />
he survival of any business<br />
revolves around a combination<br />
of events. These events may be<br />
as a result of external factors like the<br />
state of the economy or internal<br />
factors like the ability of the company<br />
to deliver on its services. Considering<br />
the way COVID-19 threatened many<br />
business lines, there is a belief that<br />
having only one revenue line is<br />
tantamount to putting all your eggs in<br />
one basket – anything can have it all<br />
crashing down.<br />
Creating multiple revenue streams is<br />
a dream for just about any business<br />
owner as it shifts the focus from just<br />
battling with recurring expenses and<br />
now gives room for building long term<br />
solutions, while also leveraging<br />
growth and revenue opportunities.<br />
Every growth-minded entrepreneur<br />
should be on the quest to discover<br />
additional revenue sources for their<br />
small businesses because every<br />
business venture not making money<br />
cannot thrive or grow. There is no<br />
point limiting oneself to only one<br />
source of income when there is an<br />
opportunity to have several channels<br />
to drive growth simultaneously.<br />
Some of the ways a business can<br />
create multiple revenue channels to<br />
ensure its survival include the<br />
following:<br />
<strong>IN</strong>CREASE THE VISIBILITY OF YOUR<br />
BUS<strong>IN</strong>ESS.<br />
Having multiple channels of income<br />
means getting paid from different<br />
angles. Sometimes, it isn’t about<br />
having multiple products but getting<br />
paid from one product from a diverse<br />
range of sources. Increasing business<br />
visibility is the best way a business can<br />
promote its growth and survival.<br />
Where a business relies on only one<br />
traditional way of connecting and<br />
interfacing with its customers, it limits<br />
its growth by failing to harness<br />
additional growth opportunities which<br />
could have been added to its<br />
conventional mechanisms. The more<br />
your clients or customers can reach<br />
you, the more money you can get.<br />
REPOSITION<strong>IN</strong>G THE BRAND FOR<br />
WIDER MARKETS<br />
Every business owner can transform<br />
their small business from being a local<br />
brand to nationally recognised or a<br />
global brand. Business models can be<br />
revamped, and brands can be<br />
repositioned to enter new markets,<br />
new collaborations and partnerships<br />
that can create outstanding<br />
opportunities for growth and success.<br />
Operating a brand at a national level<br />
will generate more revenue than<br />
selling locally, likewise selling at a<br />
global level will generate more<br />
revenue than selling nationally.<br />
Today’s technology and its possibilities<br />
create e-commerce and e-business<br />
solutions, and many local brands have<br />
experienced<br />
tremendous<br />
transformation and growth across the<br />
globe from locally known and<br />
celebrated brands to nationally<br />
accepted brands and globally<br />
competitive brands.<br />
DEVELOP TRA<strong>IN</strong><strong>IN</strong>G OFFERS<br />
An interesting source of revenue a<br />
business can explore is training others<br />
for a fee. A business that sells products<br />
and services that will require<br />
considerable time for achieving<br />
operational knowledge for the<br />
customers could create training<br />
courses for its customer base in<br />
addition to the primary products and<br />
services that they already sell. Such<br />
businesses can create two options for<br />
their customers, providing them with<br />
physical training or affordable virtual<br />
training.<br />
<strong>IN</strong>CREAS<strong>IN</strong>G CUSTOMER BASE<br />
Growth in a company’s customers’<br />
base will always positively impact the<br />
revenue of a business. In many cases,<br />
small businesses have already<br />
achieved the highest revenue limits<br />
from the existing customer base, and<br />
this is the sign that they will need<br />
more customers if they want to<br />
continue to grow and thrive. The best<br />
solution is to focus all efforts on<br />
getting new customers that will<br />
increase the current customer base.<br />
Improving the ongoing marketing<br />
efforts to reach more of the target<br />
customers for their products and<br />
services will create new revenue<br />
streams for such businesses.<br />
EMBRACE AUTOMATION<br />
The effective management of revenue<br />
streams is just as important as their<br />
creation. If systems are not in place to<br />
manage the influx of customer<br />
interaction with the business, sales<br />
and services, then the business will<br />
inevitably struggle to achieve the<br />
expected goals.<br />
Multiple sources of income are a<br />
brilliant source of income if business<br />
processes are effectively automated.<br />
Businesses can blossom by creating<br />
good connect points, setting up<br />
online marketing systems, revenue<br />
collection and automated<br />
bookkeeping, so a business can run<br />
while the owner or employees are<br />
asleep and the business doors are<br />
closed.<br />
Creating multiple streams of income<br />
is an important way for a business<br />
owner to both ensure the continued<br />
growth of their businesses. Also raise<br />
the necessary funds for their next<br />
business venture, which may demand<br />
more of their time, energy and active<br />
involvement.
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CHALLENGES ASSOCIATED WITH<br />
MANUFACTUR<strong>IN</strong>G <strong>IN</strong> <strong>AFRICA</strong><br />
ALARA CHARIS<br />
s a continent, Africa has indeed<br />
witnessed rapid growth and<br />
brought wealth to several<br />
countries as a result of its gross<br />
domestic product (GDP) increase.<br />
One would think access to so many<br />
natural resources will significantly<br />
improve the African economy, but<br />
that is not the case. Some African<br />
countries, despite this growth, have<br />
not moved past the subsistence level.<br />
The manufacturing sector is a crucial<br />
one in Africa to both emerging and<br />
already existing markets. This sector is<br />
bound to experience growth over the<br />
years and boost the African economy.<br />
However, this growth cannot occur<br />
without first addressing the<br />
underlying issues standing as a<br />
stumbling block.<br />
Manufacturing companies have<br />
battled various challenges in the past<br />
years, and there are bound to be more<br />
challenges in the future. However,<br />
recognising and tackling these<br />
challenges head-on is a great way to<br />
bring about a positive change in the<br />
manufacturing sector.<br />
Here are some of the most common<br />
challenges associated with<br />
manufacturing in Africa.<br />
<strong>IN</strong>ADEQUATE <strong>IN</strong>FRASTRUCTURE<br />
One major setback associated with<br />
manufacturing in Africa is inadequate<br />
basic infrastructure. Although Africa<br />
has a vast pool of affordable labour, the<br />
efforts will be futile without the<br />
necessary infrastructure in place. With<br />
a shortage of infrastructure, there's<br />
bound to be a rise in business costs.<br />
Manufacturing requires a massive<br />
quantity of water and power, which<br />
some African countries don't have<br />
access to as required. This inconsistent<br />
and unreliable power and water<br />
supply is a major stumbling block to<br />
manufacturing in Africa. This problem<br />
places a huge responsibility on the<br />
potential investors as they have to set<br />
up their infrastructure completely<br />
outside what is available.<br />
Apart from water and power shortage,<br />
there is also the problem of logistics<br />
and market connectivity. If a potential<br />
investor realises how expensive it is to<br />
carry out business in Africa, such an<br />
investor might be discouraged to back<br />
off. Low connectivity can affect the<br />
time taken for manufactured goods to<br />
arrive at the final destination.<br />
SHORTAGE OF SKILLED LABOR<br />
African has a large labour pool;<br />
however, it takes more than this to run<br />
a manufacturing industry. Beyond the<br />
availability of labour, manufacturing<br />
requires a fair amount of both skilled<br />
and educated labour.<br />
While this didn't matter so much in<br />
the past, technology has taken over in<br />
our present world. Manufacturing<br />
industries are now automated, and it<br />
takes skilled and educated workers to<br />
maintain and operate the machines<br />
effectively. Although specific<br />
manufacturing tasks have been<br />
automated, companies still require<br />
workers who possess relevant tech<br />
skill sets.<br />
As a result of a lack of know-how and<br />
skills, potential investors may have to<br />
employ expensive expatriates'<br />
services. In addition to the cost of<br />
paying these experts, investors might<br />
also have to build up training centres<br />
to equip their future workforce.<br />
Carrying out all of these requires a lot<br />
of time and money, which, if not<br />
provided, poses a massive problem to<br />
the manufacturing industry in Africa.<br />
POLITICAL <strong>IN</strong>STABILITY<br />
Domestic and foreign investors have<br />
pointed out political instability as a<br />
reason for calling off major<br />
investments in Africa's manufacturing
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sector. Africa has great potential<br />
where the development of its<br />
manufacturing sector is concerned.<br />
However, it is paramount for political<br />
leaders to have a clear vision for<br />
developing those sectors with<br />
competitive advantages.<br />
Potential investors will not commit<br />
themselves in the absence of a<br />
conducive environment for economic<br />
activities. It is common amongst<br />
African political leaders to carry out<br />
activities for the sole purpose of<br />
winning elections and remaining in<br />
power. This selfish attitude impedes<br />
economic development and has a<br />
direct impact on the manufacturing<br />
sector.<br />
ACCESS TO MARKET<br />
Ready access to potential markets for<br />
trading manufactured goods is<br />
essential to the survival of any<br />
manufacturing industry. While this is<br />
true, African countries are not taking<br />
enough advantage of the several<br />
trade agreements reached with other<br />
developed countries.<br />
One purpose of this trade agreement<br />
is to provide African countries with<br />
market access for their manufactured<br />
goods. This access can also help<br />
attract investors in the manufacturing<br />
industry, which can further lead to its<br />
development.<br />
Africa's regional market is quite<br />
attractive for the manufacturing of<br />
goods. However, this is hindered as<br />
intra-African trade is relatively low. The<br />
low turnout can be due to travel<br />
restrictions within countries due to<br />
visa requirements and the<br />
government's tariff imposition on<br />
goods from other countries.<br />
PROJECT MANAGEMENT<br />
Manufacturers need to get their<br />
products out there in the market. For<br />
this to happen, a tight, strict, and<br />
relatively stressful timeline must<br />
always be adhered to. The<br />
manufacturing sector thrives when the<br />
factors of time, cost, and quality are<br />
considered. When manufacturers fail<br />
to meet up with deadlines, they risk<br />
losing millions of potential revenue<br />
and profit.<br />
This time constraint doesn't leave<br />
room for manufacturing companies to<br />
be flexible and make adjustments. A<br />
lack of flexibility makes it difficult to<br />
change as new data emerges, which<br />
calls for a slight change.<br />
For a manufacturing company that is<br />
all out for quality, this poses a<br />
considerable challenge as working<br />
with fixed deadlines is restricting.<br />
Manufacturing has a long and rich<br />
standing as an integral part of Africa’s<br />
economy. For this sector to thrive well,<br />
it must first recognise these<br />
challenges. Afterwards, tackling them<br />
with the appropriate measures will<br />
strengthen Africa's economy and aid<br />
growth even through the turbulent<br />
times.
@SME360nigeria<br />
12<br />
SME360 Magazine<br />
www.sme360.ng<br />
HOW <strong>AFRICA</strong>N<br />
MANUFACTUR<strong>IN</strong>G COMPANIES<br />
CAN <strong>IN</strong>CREASE ONL<strong>IN</strong>E SALES<br />
L<strong>IN</strong>DA EGBUNA<br />
he African market, despite the<br />
political upheavals on the<br />
continent, is one of the most<br />
exciting and potentially dynamic<br />
markets in the world. African<br />
manufacturing companies are<br />
increasingly capturing the attention<br />
of the world’s largest businesses, and<br />
the continent's e-commerce<br />
landscape is booming. Every day,<br />
more younger businesses enter the<br />
continent's e-commerce industry, and<br />
with all the impressive e-payment<br />
innovations in our world today, it isn't<br />
difficult to predict that the growth of<br />
online shoppers in Africa will continue<br />
for years to come.<br />
Successful African companies<br />
understand the need to increase their<br />
online sales in today's digital age.<br />
Increased online sales translate<br />
directly to increased business cash<br />
flow, and your company needs money<br />
to pay its staff, its suppliers, buy stock<br />
and re-invest for a brighter future. If<br />
you’re hoping to increase sales, you’re<br />
on the right track. Increasing sales is<br />
the key to any successful business, not<br />
just for the spike in revenue but also<br />
because loyal shoppers are worth<br />
more than five times the first time<br />
shoppers.<br />
It’s critical to learn all the little ways<br />
you can boost your company's online<br />
sales because it is only by improving<br />
your sales channel that your business<br />
can truly grow. Here are six ways you<br />
can increase your company's online<br />
sales today:<br />
1. <strong>IN</strong>CLUDE DETAILED CONTACT<br />
<strong>IN</strong>FORMATION<br />
If you’re a founder of a manufacturing<br />
company in Africa desirous of<br />
increasing your online sales,<br />
understand that the best tactic here<br />
might be a simple strategy that you<br />
would never have considered.<br />
You might not realise this, but<br />
customers find the absence of detailed<br />
contact information on the websites<br />
they shop highly frustrating. Even if<br />
they don't make use of the information<br />
provided; having the detailed contact<br />
information on your website endears<br />
your brand to your customers by<br />
making them trust you more.<br />
Have as much contact information as<br />
you’re comfortable with or at the very<br />
least, include a contact form that’s<br />
easy to access. For even more sales,<br />
consider including a phone number,<br />
full mailing address, and email<br />
address.<br />
2. <strong>IN</strong>CLUDE IMAGES WITH YOUR<br />
TESTIMONIALS<br />
More often than you realise, your<br />
customers make purchasing<br />
decisions based on what products<br />
other customers like or what is<br />
popular on your website. They want to<br />
make sure that other people love the<br />
product and give good reviews before<br />
they buy and when you think about it,<br />
this is quite natural.<br />
If you already make use of<br />
testimonials on your sales page, you<br />
are on the right track but to take this<br />
to the next level, include further<br />
verification of your social proof or<br />
testimonials. Also add pictures, social<br />
media handles or any other<br />
identifying information about the<br />
people who have endorsed your<br />
product or service. Images of these<br />
people with their endorsements<br />
captured are incredibly effective at<br />
influencing more sales because it<br />
proves that you haven’t made up the<br />
testimonials.<br />
When you provide some form of<br />
contact information, potential<br />
customers feel that they can reach<br />
out and verify if the testimonials are<br />
valid. You’re indicating that not only<br />
are your testimonials real, but you are<br />
happy to let curious visitors contact<br />
the people who’ve endorsed your<br />
product. For anyone still undecided<br />
about your work, this can be an<br />
incredibly powerful motivator to buy.
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3. OFFER A FULL REFUND<br />
GUARANTEE<br />
For new and old customers alike, it is<br />
so necessary that you continually<br />
update your refund policy to provide a<br />
way to ensure that they end their<br />
transactions on your company's sales<br />
page as satisfied as possible.<br />
One of the most effective ways to do<br />
this is to offer a full refund guarantee,<br />
promising that your company will<br />
refund the purchase price in its<br />
entirety if a set of conditions are not<br />
fulfilled. Common conditions include<br />
customer satisfaction with the<br />
product, price match, or damaged<br />
products. You don't have to make a<br />
guarantee you can't deliver here but<br />
the more firm the promise, the more<br />
it will increase your online sales.<br />
In addition to the aforementioned<br />
benefits of such refund guarantee,<br />
only a handful of your customers will<br />
take advantage of it, even if they aren’t<br />
satisfied with the product. Even<br />
though it will make your customers<br />
trust you more, most of them would<br />
not have recourse to this guarantee<br />
because it can be quite the hassle.<br />
4. USE LIVE CHAT APPS TO ENGAGE<br />
CUSTOMERS<br />
Ideally, you (or your sales<br />
representatives) should answer every<br />
customer objection as quickly as they<br />
are raised. Every customer has a<br />
different question, and it's simply not<br />
realistic to imagine that you can<br />
continually answer all of them all the<br />
time.<br />
What’s the solution? Besides listing<br />
the FQAs on your website, installing a<br />
live chat app into your sales page is a<br />
gamechanger. Most customers won’t<br />
directly ask their questions through<br />
email or other means; this is a great<br />
way to increase conversions by<br />
responding to their concerns and<br />
needs.<br />
A live chat app allows customers to<br />
quickly interact with you and get an<br />
answer to their burning questions. It is<br />
a simple way to encourage discussion<br />
without pushing a product. It will help<br />
you drive more sales because it<br />
answers any questions your customers<br />
raise as soon as they ask it.<br />
5. RETARGET YOUR ADVERTS TO GET<br />
TO MORE CUSTOMERS<br />
Retargeting is a paid advertising<br />
strategy that involves putting your ads<br />
in front of people who have visited<br />
your website after they have already<br />
left. It is advertising focused on people<br />
who are already familiar with your<br />
brand and have recently<br />
demonstrated interest. This technique<br />
is popular because a visitor's previous<br />
visit to your site often makes them<br />
more likely to convert faster than new<br />
users than someone who hasn't been<br />
to your sales page.<br />
If you want to increase your online<br />
sales, you need to retarget ads to your<br />
site visitors as often as possible. If a<br />
customer leaves your site, track them<br />
very quickly by placing a retargeted ad<br />
on the next website they visit. If they<br />
abandoned their cart, retarget them<br />
with the item that's still in there, giving<br />
them a little nudge to remind them to<br />
go back and complete their purchase.<br />
Retargeting ads keep your brand in<br />
front of visitors after they leave, giving<br />
you a second, third, or even fourth<br />
chance to bring them back after they<br />
leave. It offers better opportunities to<br />
convert website visitors, compared to<br />
traditional display advertising<br />
strategies. Hire an expert if you have<br />
to, retargeted ads are well worth the<br />
investment because they will drive a<br />
crazy amount of sales to your page.<br />
6. OFFER FREE SHIPP<strong>IN</strong>G<br />
More shoppers than you realise<br />
abandon their shopping carts if they<br />
get to checkout and realise that free<br />
shipping wasn’t included. If you’re<br />
serious about increasing your online<br />
sales, you need to figure out a way to<br />
prevent customers from leaving due<br />
to your shipping policy.<br />
There are three main ways to<br />
incorporate this into your business<br />
model. For instance, you can cover the<br />
shipping costs if the total order is over<br />
a certain amount. You can discreetly<br />
include the shipping costs in the sale<br />
price, use the revenue to cover<br />
shipping costs while the allure of free<br />
shipping drives more traffic to your<br />
sales page. If you can’t offer free<br />
shipping, you could provide a flat-rate<br />
option from time to time.<br />
Finally, if you’re working to increase<br />
online sales, you need to invest in a<br />
well-designed website while trying<br />
out some of these suggestions. You<br />
need to continually think outside the<br />
box because only then will you come<br />
up with ideas your competitors<br />
haven’t even thought. Ask your<br />
customers for feedback and be<br />
open-minded enough to try<br />
something new. If it increases your<br />
conversions, keep it! If it doesn’t, move<br />
on to another way to boost the<br />
revenue on your site.
@SME360nigeria<br />
14<br />
SME360 Magazine<br />
www.sme360.ng<br />
MANUFACTUR<strong>IN</strong>G OUTSOURC<strong>IN</strong>G<br />
<strong>IN</strong> <strong>AFRICA</strong>:<br />
BENEFITS AND EFFECTS<br />
SHANNON OKUNBOR<br />
an manufacturing outsourcing<br />
have positive effects on<br />
business and development in<br />
Africa? The Globalization of the world<br />
today is as a result of alliances being<br />
formed between countries.<br />
Developed nations have sought to<br />
expand by spreading their tentacles<br />
towards developing nations like<br />
Africa,<br />
Outsourcing manufacturing as an<br />
African manufacturer can help reduce<br />
cost while allowing you to compete<br />
with larger companies. Outsourcing<br />
manufacturing also enables you to<br />
free up resources and capital and<br />
allows you to focus on core marketing<br />
and business development areas of<br />
your business.<br />
Countries like China and India are<br />
major outsourcing partners for<br />
businesses in Africa. China believes<br />
that its partnership with African firms<br />
will increase the continent’s<br />
self-sufficiency, ultimately alleviating<br />
poverty. As an African manufacturer,<br />
these are the processes you would<br />
need to undertake when outsourcing<br />
manufacturing. Let’s explore<br />
1. It is important to set out objectives<br />
for your outsourcing. If perhaps your<br />
manufacturing process in the food<br />
industry is labour-intensive, you<br />
should choose an outsourcing partner<br />
with low labour costs. If your objective<br />
involves increasing your product<br />
quality, you should choose an<br />
outsourcing partner with a brilliant<br />
reputation for quality.<br />
2. Choose a region that falls in line<br />
with your objective. African countries<br />
are now rising as an alternative to<br />
traditional outsourcing partners like<br />
China and India. Access the economic<br />
conditions of these countries.<br />
3. Look out for companies that have a<br />
reputation for quality and reliability.<br />
Seek advice from local commerce<br />
representatives and seek<br />
recommendations for suitable<br />
partners. You can also work with an<br />
outsourcing procurement specialist to<br />
get a shortlist of suitable partners you<br />
can work with.<br />
4. Scrutinise potential partners, check<br />
for quality control processes and<br />
details of their manufacturing<br />
facilities. Look out for suppliers that<br />
have an internationally recognised<br />
standard such as International<br />
organisation for standardisation (ISO)<br />
5. Outsourcing helps reduce cost, but it<br />
is important to look out for the<br />
working conditions of potential<br />
partners. Working with companies<br />
that provide poor working conditions<br />
can entirely ruin the reputation of your<br />
business. Make sure to ask the<br />
outsourcing company for details of its<br />
sourcing practices for raw materials or<br />
other components.<br />
6. You should then discuss what your<br />
manufacturing requires to potential<br />
partners. Share details of your delivery<br />
requirements with your supplier.<br />
7. Negotiate contract terms with your<br />
chosen supplier, consider short term<br />
contracts if market conditions or<br />
product conditions are likely to<br />
change. Make sure the contract covers<br />
manufacturing, logistics and quality.<br />
8. Finally, you would need to appoint a<br />
manager to supervise your<br />
outsourcing partner, reviewing<br />
progress and checking for standards in<br />
the factory.<br />
Outsourcing your manufacturing can<br />
save your business costs as high as 15%.<br />
The savings from outsourcing your<br />
manufacturing can be invested in<br />
different areas of your business, like<br />
marketing or research. However, some<br />
factors affect the outsourcing of<br />
manufacturing. Some of which are<br />
economic or political instabilities in<br />
different regions. Keeping an eye on<br />
the processes helps to maintain high<br />
quality standards!<br />
In conclusion, outsourcing your<br />
manufacturing is one of the best<br />
decisions you could make as it helps<br />
you cut costs, focus on core areas of<br />
your business and increase business<br />
longevity!
@SME360nigeria<br />
15<br />
SME360 Magazine<br />
www.sme360.ng<br />
PRACTICAL TIPS ON BRAND<strong>IN</strong>G<br />
YOUR <strong>MADE</strong> <strong>IN</strong> <strong>AFRICA</strong> PRODUCTS<br />
SAMUEL MOORE<br />
randing is one of the most<br />
important aspects of the<br />
manufacturing process. How<br />
else can you explain how we have<br />
come to know the top products in the<br />
world? What makes consumers<br />
anticipate products from companies<br />
like Apple, Samsung, or Nike?<br />
It isn’t just the idea of the products<br />
that make us anticipate; it is the<br />
brand image. Branding helps you<br />
introduce your product to the market.<br />
It also helps you to sell it as well. What<br />
exactly is branding? How do you<br />
brand your products? Why is branding<br />
so important?<br />
DEF<strong>IN</strong><strong>IN</strong>G BRAND<strong>IN</strong>G<br />
Branding is a practice in marketing<br />
that helps you to create a name,<br />
design, and symbol that makes you<br />
easy to identify (Smithson, 2015). It is<br />
the marketing practice that helps<br />
your business get beyond the clutter<br />
to attract the customer’s attention<br />
(deBara, 2019).<br />
The quality of your branding will<br />
determine how much of the market<br />
share you will steal. This is why the<br />
biggest companies in the world still<br />
spend so much on building their<br />
brands. It helps you to distinguish<br />
your products from those of your<br />
competitors. Here are a few practical<br />
branding tips to help you out.<br />
PRACTICAL BRAND<strong>IN</strong>G TIPS FOR<br />
<strong>MADE</strong> <strong>IN</strong> <strong>AFRICA</strong> PRODUCTS<br />
So many startups in Africa wonder<br />
why their products aren’t doing well in<br />
the market. The question here is, “how<br />
much have you invested in your<br />
branding?” Don’t forget, your product<br />
design and your branding share a<br />
robust connection (Lucidpress, 2020).<br />
When next you are working on your<br />
product design, be mindful of this.<br />
What kind of brand do you want your<br />
business to have? Check out the tips<br />
below:<br />
PREPARE YOUR STORY EARLY<br />
It is always important to prepare your<br />
brand story before you get too deep<br />
with the product design. Without your<br />
story, your business and products are<br />
faceless. So the question you should<br />
ask yourself is, what story do you want<br />
to convey with your branding?<br />
To answer this question, you need to<br />
provide answers to a few others first.<br />
They are:<br />
1. What are your business objectives?<br />
2. What is your unique selling point?<br />
3. Where do you see your brand in the<br />
next few years?<br />
4. What solutions are your products<br />
bringing to the customers?<br />
Answer these questions, and you will<br />
be almost done with your brand story.<br />
This story will inform your choices on<br />
the product and package design.<br />
CREATE A PERSONA FOR YOUR<br />
PRODUCT<br />
Here’s a secret that most<br />
manufacturers in Africa don’t know.<br />
Your branding is not just a means of<br />
delivering the product to the<br />
customers. It is a vehicle that conveys<br />
your brand identity and story as well.<br />
Because of this, you must treat it as a<br />
person.<br />
This means that you need to create a<br />
persona for your products. The<br />
question that begs an answer here is,<br />
“if that product was human, what<br />
would be its personality?” Your answer<br />
to this will define how you will design<br />
the packaging.<br />
The aim of doing this is so that when<br />
people see the product, they find it<br />
easy to relate to it. Isn’t that the whole<br />
idea behind branding in the first<br />
place? Prospects must notice the<br />
authenticity of your product’s persona<br />
so that they can gravitate towards it.<br />
This is how they know that the<br />
product was designed with them in<br />
mind.<br />
AVOID OVER-DESIGN<strong>IN</strong>G<br />
Over-designing is a huge temptation<br />
that many manufacturers succumb<br />
to. It’s an African thing to be<br />
overelaborate. We always want to<br />
outdo ourselves and the competition<br />
at the same time. Haven’t you noticed<br />
that the biggest brands in the world<br />
have the simplest brand design?<br />
Exactly, less is always more, especially<br />
in design. Instead of working with<br />
over-embellishments, stick with clear<br />
and simple concepts. The whole idea<br />
behind branding is to make it easy for
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your target audience to relate to your<br />
brand. Make your designs easy to<br />
understand and relate with.<br />
CONSISTENCY MATTERS<br />
Brand consistency is essential but<br />
ensuring that your packaging is<br />
consistent with your values is more<br />
important. Remember that you have a<br />
brand story. This means that<br />
everything you do concerning<br />
packaging must reflect that story.<br />
It is way beyond just slapping your<br />
logo and brand name on every<br />
product. You must be consistent with<br />
other elements like colour, font,<br />
quality, etc. The idea is that when<br />
anyone sees your products from a<br />
mile away, they should know the<br />
manufacturer.<br />
WHY <strong>IN</strong>VEST <strong>IN</strong> GOOD BRAND<strong>IN</strong>G?<br />
Branding makes a huge impact on the<br />
image of your company, the sales of<br />
your products, and your revenue. It<br />
alters how your target audience views<br />
and perceives your brand. Get it right,<br />
and you are on your way to stealing<br />
the market. Here are some reasons<br />
why you need to invest in good<br />
branding:<br />
Attracts recognition<br />
Why is it easy to recognise football club<br />
jerseys? Branding. Wouldn’t you want<br />
that sort of recognition for your brand?<br />
One of the most important elements of<br />
branding to invest in is your brand<br />
logo. Do you have one yet? How<br />
professional is it?<br />
Increases your business value<br />
When you have good branding in<br />
place, your business gains more value<br />
inevitably. This is because it is easier for<br />
people to invest in a known brand.<br />
Good branding ensures that your<br />
business becomes established as a<br />
force to reckon with on the market.<br />
Attracts new customers<br />
Want to attract new customers to your<br />
business? Invest in good branding. This<br />
will help you create a good impression<br />
on your target audience. Once they are<br />
familiar with your brand, it is only a<br />
matter of time before they become<br />
full-fledged customers.<br />
Creates trust<br />
This is one of the most important<br />
reasons why you must invest in<br />
branding. For prospects to invest in<br />
your brand and purchase your<br />
products, they must trust you. Good<br />
branding gives the impression that you<br />
are an authority in your niche. This<br />
makes it easier to trust you.<br />
Wrapping Up<br />
Want to steal the market with your<br />
new made in Africa products?<br />
Achieving this aim is easy once you<br />
invest in good branding. This will get<br />
you the trust and recognition that you<br />
need for your products. Use the<br />
concepts above to build a strong<br />
brand for your business.
@SME360nigeria<br />
18<br />
SME360 Magazine<br />
www.sme360.ng<br />
SLEEP: A LOVE LANGUAGE<br />
TO YOURSELF<br />
Dr Maymunah Kadiri<br />
ll work and no play makes<br />
Jack a dull boy; it is a<br />
reference to the need and<br />
importance of a work-life balance.<br />
‘Play’ in this scenario refers to any<br />
activity which allows you to wind<br />
down, take a break, relax, and one of<br />
such activities is sleep.<br />
Getting enough sleep is essential for<br />
helping a person maintain optimal<br />
health and well-being. On average,<br />
each adult should sleep for at least 7-9<br />
hours for optimal rest. The intricacies<br />
of our lives often make it difficult for<br />
us to remember to rest. For many, the<br />
burden of work obligations, family<br />
pressures, life aspirations, amongst<br />
other factors, implies that we have<br />
very little time to consider self-care,<br />
especially in the form of sleep.<br />
Nevertheless, sleep is important for<br />
the rest, repair & renewal of our<br />
bodies. The human body requires<br />
long periods of sleep to restore and<br />
rejuvenate, to grow muscle, repair<br />
tissue, and synthesise hormones.<br />
Sleep is vital for good mental health. A<br />
decent night’s rest can make a<br />
positive impact on your entire day.<br />
The benefits of sleep are immense<br />
and inexhaustible. They include<br />
improved memory, stress reduction,<br />
lowered blood pressure, keeping the<br />
heart healthy and enhanced mood.<br />
Good sleep helps improve<br />
productivity and concentration<br />
because by being well-rested, your<br />
body systems have a chance to relax<br />
and on waking, you have more energy<br />
which ultimately improves<br />
productivity. One of the vital roles of<br />
sleep is to help us solidify and<br />
consolidate memories. As we go<br />
about our day, our brains take in an<br />
enormous amount of information.<br />
Fortunately, as we sleep, bits and<br />
pieces of information are transferred<br />
from our short-term memory to<br />
stronger, long-term memory via a<br />
process called "consolidation.".<br />
There is evidence to show that after<br />
people sleep, they tend to retain<br />
information and perform better on<br />
memory tasks. Likewise, good sleep<br />
prevents the risk of heart disease and<br />
stroke.<br />
The effects of poor sleep are numerous<br />
and paint a grim picture of our general<br />
well-being and quality of life. Poor<br />
sleep affects glucose metabolism and<br />
increases the risk of diseases such as<br />
diabetes. This happens because lack of<br />
sleep changes the way the body<br />
interprets hunger signals, leaving one<br />
with cravings that can be hard to<br />
control. The evidence shows that<br />
individuals who sleep for five hours or<br />
less at night are more likely to become<br />
obese during the next decade.<br />
Beyond physical ailments, poor sleep<br />
can lead to mental health issues,<br />
including sleeping disorders and<br />
depression. Socially, poor sleep also<br />
affects our ability to interact with<br />
others as it impacts on our ability to<br />
assess verbal and environmental cues<br />
accurately. It is without saying that we<br />
must learn to make sleep a priority.<br />
You must schedule sleep like any other<br />
daily activity, so put it on your "to-do<br />
list" and cross it off every night. But<br />
don’t make it the thing you do only<br />
after everything else is done – stop<br />
doing other things, so you get the<br />
sleep you need.<br />
There is a time for many words, and<br />
there is also a time for sleep. Early to<br />
bed and early to rise makes a man<br />
healthy, wealthy, and wise.<br />
Here are several tips on how to ensure<br />
you have a good night’s rest:<br />
In addition to the tips above, we<br />
recommend relaxation techniques<br />
such as breathing and meditation<br />
exercises. If you find that you are<br />
unable to shed the worries of the day,<br />
you can journal and take stock of<br />
what happened as a form of release.<br />
Adequate sleep is not only based on<br />
how long you sleep but how well. The<br />
quality of your sleep matters and the<br />
tips above help to improve the quality<br />
greatly.<br />
Nevertheless, the best sleep habits are<br />
consistent, healthy routines that allow<br />
all of us, regardless of our age, to meet<br />
our sleep needs every night, and keep<br />
on top of life's challenges every day.<br />
Are you struggling to sleep or you are<br />
dealing with any sleep-related issues?<br />
You could consult a Therapist or a<br />
Counselor, as this would help you find<br />
out the reasons behind it and<br />
together, you can file out a solution<br />
that would facilitate the resuscitation<br />
of a reliable sleeping routine.
Meet The Profitable<br />
Manufacturer<br />
This edition is all about Made in Africa brands and we had the<br />
opportunity to speak with Adebola Ataiyero-Adefila, the Chief<br />
Operating Officer at Bantu Rolls Nigeria Limited. Bantu Rolls Nigeria<br />
Limited manufactures high-quality tissues and toilet rolls. Sit back<br />
and enjoy this interview with her<br />
1. PLEASE <strong>IN</strong>TRODUCE YOURSELF TO US -<br />
My name is ADEBOLA ATAIYERO-ADEFILA,<br />
I am the COO (Chief Operating Officer) of<br />
Banrut Rolls Nigeria where we manufacture<br />
tissue papers.<br />
2. YOU HAVE BEEN A MANUFACTURER FOR<br />
13 YEARS, HOW HAS THE EXPERIENCE<br />
BEEN LIKE? It’s been a mixed bag of<br />
rewards, risk and challenges but wouldn’t<br />
have wanted it any other way. I came into<br />
the manufacturing industry knowing next to<br />
nothing, but over the years I've come to<br />
master the intricacies of the industry<br />
whereby I'm able to guide new entrants. Not<br />
withstanding I keep learning everyday,<br />
learning is inevitable in this sector.
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3. WHAT WOULD YOU CONSIDER AS<br />
SOME OF THE CHALLENGES OF<br />
MANUFACTUR<strong>IN</strong>G <strong>IN</strong> <strong>AFRICA</strong> AND<br />
HOW HAVE YOU BEEN ABLE TO<br />
OVERCOME THEM? First off,<br />
infrastructure is a major challenge<br />
coupled with unfavourable regulatory<br />
policies. To overcome this, we’ve had<br />
to become a government unto<br />
ourselves particularly in the area of<br />
infrastructure. Policy wise,<br />
sometimes, we’ve had to bite the<br />
bullets and other times, we’ve been<br />
able to influence changes through a<br />
class action approach in our<br />
manufacturing associations.<br />
4. WHAT WOULD YOU CONSIDER AS<br />
THE IMPORTANT LEADERSHIP<br />
SKILLS BUS<strong>IN</strong>ESS OWNERS NEED TO<br />
HAVE TO RUN SUCCESSFUL<br />
BUS<strong>IN</strong>ESSES? Leadership is dynamic,<br />
you need to evolve as you journey. It’s<br />
pertinent to note that leadership is<br />
mainly about managing people. The<br />
skill that has majorly helped me has<br />
been “developing people through<br />
work” where there’s room for learning,<br />
mistakes and growth. You know the<br />
saying “people don’t leave bad<br />
organisation, they leave bad leaders”<br />
being a visionary and strategic leader<br />
is just not enough, your people must<br />
be willing to follow you and do the<br />
needful even in your absence so having<br />
the skill that influence followership is<br />
key.<br />
5. WHAT ADVICE WOULD YOU GIVE<br />
TO SOMEONE START<strong>IN</strong>G A<br />
MANUFACTUR<strong>IN</strong>G BUS<strong>IN</strong>ESS? Start<br />
small, do an extensive research on the<br />
industry you’re venturing into. Be<br />
conservative regarding your finances<br />
and structure.<br />
a) it's important to pay attention to<br />
your supply chain, develop your<br />
structure to be able to deal with<br />
emergencies when the need arises.<br />
b) Inventory management is critical: it<br />
cost you money to have inventory<br />
sitting in your warehouse for too long.<br />
Know how to measure your re-order<br />
points<br />
c) invest in training your production<br />
staff, the life of your machinery is<br />
highly dependent on this.<br />
d) Your product is not a product until it<br />
is sold. Get adequate knowledge<br />
regarding distribution for your goods<br />
and keep a good relationship with your<br />
value chain. You only get to smile to<br />
the bank when you have succeeded in<br />
sales.<br />
6. WHAT MAKES YOUR COMPANY<br />
STAND OUT FROM SIMILAR<br />
COMPANIES <strong>IN</strong> NIGERIA? The quality<br />
of our products and our service<br />
delivery.<br />
7. Can you tell us about your<br />
signature program “The Profitable<br />
Manufacturer”? TPM is my own way<br />
of giving back to help start ups and<br />
existing businesses to make sense of<br />
their business in Nigeria and Africa as<br />
a whole<br />
8. WHAT IS YOUR FAVORITE<br />
BUS<strong>IN</strong>ESS PR<strong>IN</strong>CIPLE? Diligence: I’m<br />
a big believer of consistently being in<br />
“the doing” of your business, that way<br />
you give attention to the process of<br />
what you are birthing.<br />
9. MENTION SOMEONE YOU ADMIRE<br />
<strong>IN</strong> YOUR <strong>IN</strong>DUSTRY AND WHY? Mr.<br />
Nari Gwalani, Chairman Poly Product,<br />
he thought me the tenets of seeing<br />
business as worship.<br />
10. WHAT ARE SOME OF THE<br />
LESSONS YOU HAVE LEARNT OVER<br />
THE YEARS AS A MANUFACTURER?<br />
I’ve learnt to be resilient giving the<br />
magnitude of challenges we face<br />
daily. I’ve also learnt to see the good in<br />
the bads.
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TIPS TO CREAT<strong>IN</strong>G AN<br />
ONL<strong>IN</strong>E PRESENCE FOR<br />
<strong>MADE</strong> <strong>IN</strong> <strong>AFRICA</strong> PRODUCTS<br />
REJOICE OBIKE<br />
he African continent has about<br />
54 countries; this makes finding<br />
new customers a<br />
time-consuming process. But with<br />
technology, you can market to an<br />
array of buyer personas around the<br />
world. Digital consumers spend an<br />
average of just over 2 hours every day<br />
on social media, and according to<br />
statistics conducted by GWI Social,<br />
over 94% use social media daily.<br />
As a brand, your online presence is<br />
basically what your potential and<br />
existing clients see when you are not<br />
there. Also, it is vital to have an online<br />
presence because in a digital era,<br />
almost everyone is tech-savvy, and<br />
your brand is more likely to survive in<br />
a competitive market when you have<br />
an online presence.<br />
However, above all, having an online<br />
presence is a great way to leverage<br />
made in Africa products globally,<br />
increase credibility and attract<br />
returning customers over Africa and<br />
the world in general. Therefore, social<br />
media is one of the best ways to<br />
connect with people who already love<br />
your brand. It’s also important for<br />
reaching those who haven’t heard of<br />
your business yet.<br />
WHAT IS AN ONL<strong>IN</strong>E PRESENCE?<br />
An online presence can be defined by<br />
how easy it is to find your brand or<br />
business online. Online presence also<br />
means anywhere online your business<br />
can be searched for and found, so you<br />
can build your brand reputation,<br />
increase brand awareness and<br />
visibility.<br />
Elements of an Online Presence -<br />
• Social media profile<br />
• Professional directory listings<br />
• Profile on a network like Linkedin<br />
• Company website (static pages)<br />
• Company blog (a regularly updated<br />
page)<br />
• Guest post on someone else’s blog<br />
• Domain name<br />
• A branded email address<br />
• A landing page or sales page<br />
• An online shop<br />
Here are tips for creating an online<br />
presence for your business:<br />
CREATE RICH AND COMPELL<strong>IN</strong>G<br />
CONTENT:<br />
The power of compelling content has<br />
been underestimated many times. But<br />
the more content you produce, the<br />
more opportunities you have to show<br />
up online either on search engines,<br />
Youtube or social media. Before you<br />
start producing content, have a<br />
strategy and map out content that’s<br />
generally specific to your target<br />
audience. Also, strategise on the places<br />
you want your brand or business to<br />
show up online. Do you want to be on<br />
Facebook, Instagram, YouTube,<br />
Twitter, Pinterest, Etsy, Poshmark,<br />
Goodreads, or Amazon? Next is to<br />
prioritise the sites your customers are<br />
more active, which should be based<br />
on customer research.<br />
DIVE <strong>IN</strong>TO EMAIL MARKET<strong>IN</strong>G:<br />
Email is one of the most effective<br />
channels for acquiring new customers<br />
and building new customers. An<br />
email list lets you connect with your<br />
customers, whether new or existing,<br />
on a daily, weekly or monthly basis. To<br />
grow your email list, you can create<br />
gated content that users have to<br />
sign-up to receive. Additionally, you<br />
can use a call-to-action (CTA) on your<br />
website and social media pages to<br />
promote your email newsletter. With<br />
a newsletter, you're able to collect<br />
leads' emails -- additionally, it shows<br />
your leads and customers are<br />
interested in your content.<br />
LEVERAGE ON SEO:<br />
SEO also known as search engine<br />
optimisation, the art of ranking higher<br />
on search engines with a specific<br />
keyword. It’s also a way of increasing<br />
the quality of traffic for your website.<br />
An effective SEO strategy involves<br />
some steps, from forming a keyword<br />
strategy to conducting more granular<br />
keyword research to optimising your
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site architecture and performance<br />
(e.g. category pages) to building links<br />
back to your website.<br />
BE ON SOCIAL MEDIA:<br />
This is the use of social media<br />
platforms to promote and sell your<br />
products and services. Some of these<br />
social media channels include<br />
Facebook, Twitter, Instagram,<br />
Snapchat e.t.c. Beyond helping<br />
businesses boost sales online, it is one<br />
of the ways you have one on one<br />
interaction with your target<br />
customers. Having a presence on<br />
social media can help you build trust<br />
with your current customers and<br />
prospects. A company that doesn't<br />
have a presence on social media is<br />
more likely to attract customers you<br />
don’t trust and feel unsure if your<br />
business even exists.<br />
With social media, you can build your<br />
credibility and reputation and<br />
showcase your brand. Moreover, when<br />
potential customers are researching<br />
for your brand, the first place they'll<br />
look is on social media to see what<br />
you're putting out there and what<br />
people are saying about you.<br />
HAVE A WEBSITE:<br />
Besides being on social media, having<br />
a website is one of the ways your<br />
business or brand can gain<br />
momentum online. A professional<br />
website can help take your business to<br />
the next level. When people are trying<br />
to find your business, the first thing<br />
that comes to their mind is to search<br />
for your website, without one, your<br />
business might miss out potential<br />
customers. With a website, you can<br />
show off your brand through colours,<br />
fonts, text, video, and images. You'll<br />
appeal to your buyer persona's pain<br />
points and present a solution to their<br />
problem. There are many reasons why<br />
your business needs a website: to<br />
inform potential customers about<br />
products and services, to represent the<br />
company, to enable contact with<br />
different departments, or to distribute<br />
goods online. To build a website, there<br />
are many hosting platforms you can<br />
leverage on like WordPress, Wix,<br />
Blogger, Hubspot, e.t.c. With a website,<br />
you will be able to share your brand<br />
story and purpose in a way that’s<br />
relevant to your customers and provide<br />
value beyond your products and<br />
services. For example, you could blog<br />
about the issues pertinent to your<br />
different audiences or provide support<br />
with video tutorials and online toolkits.<br />
Conclusion:<br />
When it comes to taking your business<br />
online or increasing your online<br />
presence, it’s important to focus more<br />
on creativity than money. And, putting<br />
the customer first is the best form of<br />
marketing of all.
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WHY SMALL BUS<strong>IN</strong>ESS<br />
LEADERS MUST PRIORITIZE<br />
THEIR MENTAL HEALTH<br />
KEMI OGUNKOYA<br />
hy is there so much buzz<br />
about dealing with anxiety,<br />
stress, depression, and other<br />
mental-related issues? For a country<br />
like Nigeria, where citizens pride so<br />
much on their ‘spirituality’, discussing<br />
mental wellness triggers, not a few<br />
alarms. But the question we should<br />
seek to answer is, why not? Why not<br />
mental health?<br />
Suppose a child wakes up with a<br />
burning fever, or suppose he throws<br />
up repeatedly, they are immediately<br />
taken to a hospital for treatment. No<br />
one queries the family’s concern<br />
about the child’s wellness or suggests<br />
that the child endure, shake it off. We<br />
are big on physical health and<br />
wellness, with a pool of resources and<br />
information to ascertain our fears or<br />
suppress our panics. Why then do we<br />
hesitate from extending mental<br />
health the same courtesy?<br />
The World Health Organization<br />
describes mental health as “a state of<br />
well-being in which an individual<br />
realises his or her abilities, can cope<br />
with the normal stresses of life, can<br />
work productively and can make a<br />
contribution to his or her community.”<br />
Mental health is the sum-total<br />
wellness of an individual over a given<br />
period.<br />
Mental health is fundamental to our<br />
attitudes, behaviours, and<br />
performances at work and in life. It<br />
affects how we process information,<br />
how we react to given situations, how<br />
we coordinate and organise our<br />
emotions, our focus levels per time,<br />
and a lot more. In the wakes of crises<br />
and emergencies, the physical<br />
well-being of an individual may<br />
quickly rebound as it receives intense<br />
care and attention. Still, mental<br />
well-being has been shown to lag in<br />
recovery.<br />
In the weeks after COVID-19, a<br />
significant number of people<br />
expressed concerns about<br />
experiencing stress and anxiety.<br />
Companies were suddenly required to<br />
adopt virtual systems of operations,<br />
imposing worry and panic into the<br />
hearts of team leads. Daily, situations<br />
at the workplace create spaces for<br />
feelings of incompetence, doubt, and<br />
worry.<br />
For small business leaders, this<br />
presents a whole new challenge.<br />
Leaders are trained to encourage<br />
growth within the organisation,<br />
motivating individuals towards<br />
success milestones. To this end, they<br />
are required to prepare environments<br />
that facilitate all-round development<br />
within the employee without<br />
sabotaging their wellness and ease.<br />
Likewise, leaders must begin to pay<br />
attention to the mental health of their<br />
employees. The effects of an<br />
individual’s poor mental health could<br />
result in disconnections at work,<br />
communication mishaps, a sense of<br />
distrust of oneself and colleagues, and<br />
a reduction in psychological<br />
engagement, a critical ingredient of<br />
high-flying teams and individuals.<br />
We need business leaders who<br />
recognise the role of mental health in<br />
personal and organisational<br />
achievements. Fortunately, the basic<br />
steps towards mental health and<br />
wellness do not require strict<br />
professional monitoring. That is, if<br />
you’re human, then you can care for<br />
your employee’s mental health.<br />
Here are a few simple things to do to<br />
nurture the mental needs of your<br />
people:<br />
1. SHOW EMPATHY: Connections are<br />
formed when genuine empathy is<br />
present. Empathy is a vital skill for<br />
leaders and CEOs. We react to crises<br />
and difficult situations in different<br />
ways, thus leading with empathy is<br />
critical for all situations. Be sensitive<br />
to the shifting moods of your<br />
employees. How often do you move<br />
from being formal to asking “How are<br />
you?” Empathy helps you recognise<br />
and process the emotions of your<br />
employees, affording them the time<br />
to work through their feelings. In<br />
meetings, listen for underlying<br />
messages in their words, study the<br />
pitches of their voices, the tense or<br />
distracted glances. Sometimes, you
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may have to “put yourself in the same<br />
shoes” to understand how a situation<br />
affects them. That, after all, is<br />
empathy – understanding and<br />
entering into another’s feelings.<br />
2. CREATE SAFE WORKPLACE<br />
ENVIRONMENTS: The average<br />
Nigerian dreads Monday morning.<br />
The thoughts of returning to th e<br />
same workplace, working through a<br />
week that bears so much<br />
resemblance with the previous week’s<br />
fills employees with panic and<br />
uncertainty.<br />
Inconsiderate<br />
deliverables often bring this on, rigid<br />
communication means between<br />
employees and employers, and<br />
sometimes partial or total disregard<br />
for employee’s emotions. Leaders<br />
must look to foster connections<br />
between employees and initiate<br />
conversations that tend towards the<br />
psychological and mental safety of<br />
individuals. For instance, rather than<br />
open each meeting with a review of<br />
unachieved tasks from the previous<br />
week, set aside half an hour to talk<br />
about everything else aside from<br />
work. Employees should know that<br />
they can share ideas and give opinions<br />
without having to worry about<br />
potential backlashes.<br />
3. ENCOURAGE SHAR<strong>IN</strong>G OF<br />
STRUGGLES: Everyone has struggles.<br />
From a door that won’t lock to a<br />
flooded apartment, anyone who<br />
shows up at work shows up with<br />
personal challenges. When a member<br />
of your organisation has a sibling<br />
scheduled for an operation, it is<br />
expected that they are distracted at<br />
work, that they miss out on cogent<br />
information. Sharing of struggles does<br />
not contribute to a negative<br />
environment, as some leaders fear.<br />
Instead, it humanises challenges. Have<br />
you always wondered why celebrities<br />
get flooded with “me too” comments<br />
whenever they talk about the troubles<br />
they had? It is because when we see a<br />
model figure or a respected share their<br />
vulnerabilities, it downplays the<br />
stigma of such. You may not have to<br />
formulate a vulnerability. What counts<br />
is that your employees find solace in<br />
trusting you with their weakest<br />
moments.<br />
4. RECOGNIZE WARN<strong>IN</strong>G SIGNS:<br />
Recognize early warning signs in<br />
yourself and your employees. Know<br />
when the laughter is real, and when it<br />
is forcefully induced. Nigerians are<br />
called the happiest people on earth,<br />
but at least half the time the happiness<br />
stems from resigning to fate.<br />
Happiness, excitement, and other<br />
positive emotions should be an<br />
outflow of positive thoughts and<br />
feelings. Pay attention to the<br />
underlying tones of your employees’<br />
expressions, rather than taking them<br />
at face value.<br />
5. ALLOW FOR SELFCARE:<br />
Understand what works for your<br />
employees. Different individuals have<br />
different self-care regimens.<br />
Meditation comes with a high<br />
recommendation, as it helps to regain<br />
calmness and concentration, with<br />
reflections and observations included<br />
in the package. Some workers would<br />
rather be plugged into music all day<br />
than spend a minute doing yoga.<br />
Make stress-relieving programs and<br />
activities a part of the organisational<br />
culture, and be persuasive in your<br />
messages about health care. Work is<br />
about responsibilities and<br />
deliverables, but sometimes the mind<br />
craves a break. It is your duty as the<br />
leader to make that happen.<br />
All our lives, we’ve treated our body<br />
with the utmost care, paying<br />
attention to every significant (and<br />
insignificant) change. We must begin<br />
to regard our minds with the same<br />
care.
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5 KEY QUESTIONS<br />
TO GUIDE YOUR<br />
MARKET RESEARCH<br />
EZEOKOYE CHIMA<br />
he importance of research is not<br />
a new idea. If you are looking to<br />
start a business, you probably<br />
already understand the importance of<br />
market research and its critical role in<br />
business development. A lot of studies<br />
show a high rate of business failures<br />
for new ventures under five years, and<br />
even more under ten. In some cases,<br />
this happens despite access to<br />
funding, or a competitor’s success in<br />
the same market. This often leads to a<br />
significant loss of essential resources<br />
that could have been leveraged for<br />
more productive uses.<br />
While market research is an ongoing<br />
process throughout every businesses’<br />
life cycle to keep abreast of important<br />
market trends, our discussion is<br />
focused on conducting market<br />
research before establishing your<br />
business. Let’s call it the rhetorical<br />
expression of “testing the depth of the<br />
waters with one leg”. These ten key<br />
questions to guide your market<br />
research highlight things to keep in<br />
mind while deciding if the business is<br />
worth spending your resources on at<br />
all.<br />
Based on the 2019 Forbes article,<br />
these are the key areas of focus when<br />
conducting this research for your<br />
small business: Your team, market,<br />
revenue, product, and competition.<br />
According to another 2019 article by<br />
Brandwatch, this research can be<br />
carried out through some<br />
methodologies, including surveys,<br />
focus groups, interviews, field trial,<br />
observation, and competitive analysis.<br />
But they are split into two main<br />
categories:<br />
a. The primary research (Also known<br />
as field research).<br />
b. The secondary research (May be<br />
referred to as the desk research)<br />
So now that you know how to go<br />
about conducting your research,<br />
below are the ten key questions to<br />
guide your market research in no<br />
order of preference:<br />
1. WHAT KEY SECTIONS NEED TO BE<br />
<strong>IN</strong>CLUDED <strong>IN</strong> MY RESEARCH<br />
DOCUMENT TO CAPTURE THE FULL<br />
SCOPE?<br />
A good research document should<br />
clearly indicate the sources of its data<br />
for reference. This also helps to show<br />
the contexts and backgrounds of the<br />
market. It’s development, social and<br />
cultural changes and how they have<br />
affected the market over time. Your<br />
document should also show market<br />
data as detailed as possible. Then<br />
compare available information from<br />
your competitors—finally, an analysis of<br />
past and present market trends to help<br />
predict future occurrence and<br />
potential opportunities.<br />
2. WHAT IS THE SIZE OF THE<br />
MARKET?<br />
The size of the market and its growth<br />
potential determines its viability.<br />
Answering this question helps you<br />
realise how many customers you can<br />
hope to get. It also gives insight to your<br />
potential revenue, pricing structure,<br />
cost and volume of sales required to<br />
make profit. This is easily where your<br />
Lean Canvas model fits in.<br />
3. WHO ARE YOUR COMPETITORS?<br />
It is often said that very few ideas are<br />
truly novel in any market. If you are<br />
solving a pressing need, there is a very<br />
high chance that someone else is also<br />
addressing that need. Even if there<br />
aren’t competitions when you start, be<br />
rest assured that they would soon<br />
emerge.<br />
This question helps you to observe or<br />
anticipate your direct and indirect<br />
competitors, what they are offering<br />
and how it compares to yours. Identify<br />
who the dominant players in the<br />
market are and what their strengths<br />
and weaknesses are. It also helps to<br />
know their scope of operations in order<br />
to discover less competitive niche<br />
areas that might allow easy entry with<br />
a modified unique selling point (USP).<br />
It pays to understand your<br />
competitors’ cash flow model. Pay<br />
attention to their revenue streams<br />
and profit margins. In this section,<br />
your SWOT analysis comes in handy.<br />
4. WHAT ARE THE POTENTIAL<br />
RISKS?<br />
The first thing to understand is that<br />
there are always risks. Your role in the<br />
course of navigating your business<br />
landscape will be to explore new ways<br />
to mitigate these risks. It is important<br />
to note that risks are better prevented<br />
than managed. Therefore your goal; at<br />
this stage will be to anticipate<br />
potential threats and the cost of<br />
potential solutions or mitigation<br />
factors. Business.com lists market risk,<br />
competitive risk, capital risk,<br />
employee risk, and security risk as the<br />
major types of risks to be wary of.<br />
5. HOW WILL MARKET FACTORS<br />
AFFECT YOUR BUS<strong>IN</strong>ESS?<br />
You are not working in isolation.<br />
Therefore there are many market<br />
factors which will have both negative<br />
and positive impacts on your<br />
business. Some will have direct<br />
effects, while others may have indirect<br />
effects on your business operations.<br />
Some of these market factors include:<br />
- Regional factors, e.g. culture, politics<br />
- Seasonal trends<br />
- Fashionability and customer’s<br />
preferences<br />
- Customer needs<br />
- Competing markets<br />
- Technological advancements<br />
- Educational Opportunities<br />
- Employment<br />
- Regulatory requirements<br />
- Financial incentives available e.eg<br />
grants.<br />
- Your company schemes and<br />
productivity<br />
While these are not all you need to<br />
ask, these are some of the key<br />
questions which will guide you<br />
through a properly executed market<br />
research. Let me know your thoughts<br />
in the comment section and I’ll be<br />
happy to see what you are able to<br />
accomplish with this. If your business<br />
venture has moved past the stage of<br />
market research and is looking to set<br />
up your team, here are some common<br />
to avoid. I also shared, in an earlier<br />
article, some strategies you can adopt<br />
to recruit a high-performance team.
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9 APPS THAT CAN IMPROVE<br />
YOUR BUS<strong>IN</strong>ESS OPERATIONS<br />
ABIMBOLA OLIGB<strong>IN</strong>DE<br />
very small business should<br />
always seek ways to improve<br />
their day-to-day operational<br />
processes for maximum optimisation,<br />
to improve productivity and<br />
favourably compete in the industry<br />
they operate. The limited resources<br />
available to SMEs should not be an<br />
excuse for poor business performance<br />
in this digital age with ample tech<br />
solutions available to ensure smooth<br />
running of businesses. Having a few<br />
employees is also not an excuse for<br />
not delivering excellent service. Every<br />
customer desires quality products<br />
and service regardless of the size of<br />
the business they are patronising.<br />
They expect you to deliver on your<br />
promise and offer them value for<br />
money. Thus, for you to meet your<br />
customers’ expectations with meagre<br />
resources, you need to start using<br />
small business apps. They make the<br />
work easier, faster and efficient.<br />
Many digital tools can help business<br />
owners streamline their daily business<br />
processes for efficiency. The tools, by<br />
automating your business processes,<br />
also help reduce the stress of one<br />
person doing so much work and<br />
feeling overwhelmed, especially in<br />
startup businesses where there are<br />
very few employees. They also reduce<br />
or completely knock-off the expenses<br />
that could be incurred on hiring<br />
consultants and outsourcing.<br />
There is hardly any business process<br />
without tech solutions available to<br />
make it easier, faster and better.<br />
Whatever aspect of your business you<br />
need to improve, there is either a<br />
desktop-based software or a mobile<br />
app available at your disposal. From<br />
accounting software to invoicing<br />
apps, to HR solutions and of course,<br />
small business management apps,<br />
there is always something to meet<br />
your business needs. The good part is,<br />
many of these apps are flexible to use<br />
on the go. Irrespective of the time and<br />
location, you can manage your<br />
business tasks at your convenience. All<br />
you need is your device: either a<br />
desktop computer or mobile phone.<br />
Below is a compilation of 9 apps I<br />
recommend to help improve your<br />
business performance and make your<br />
work easier, based on user experience.<br />
Some of them are free, while some are<br />
subscription-based. You also need to<br />
find out if the apps are available for use<br />
in your country before subscribing.<br />
The following apps were selected for<br />
their functions, in line with major<br />
business needs and certain aspects of<br />
every business’ daily operational<br />
processes. I have categorised those<br />
aspects as follows:<br />
1. ACCOUNT<strong>IN</strong>G<br />
Wave is a fantastic online accounting<br />
platform for startup businesses.<br />
Founders of Wave say they are<br />
exclusively designed for small business<br />
owners, freelancers, and consultants to<br />
help them streamline their<br />
bookkeeping processes. The software<br />
allows you to do so much in one place<br />
for free. Without paying any<br />
subscription, you can use their<br />
online-based platform, their mobile<br />
invoicing app, and mobile receipts<br />
app.<br />
The platform has many features<br />
including accounting, invoicing,<br />
billing, payment tracking, payroll<br />
management, finance management,<br />
credit card processing, and receipt<br />
scanning.<br />
It also has bank reconciliation tools,<br />
with which businesses can manage all<br />
bank account and debit/credit card<br />
information in order to improve the<br />
accuracy of their financial records. The<br />
best feature of Wave is perhaps its<br />
ability to generate reports on balance<br />
sheets, cash flow, profit/loss, etc.<br />
2. HUMAN RESOURCES<br />
SMEs have to meet several HR needs<br />
ranging from onboarding, workforce<br />
performance management, to payroll<br />
and training/annual leave scheduling.<br />
BambooHR is the go-to HR system for<br />
small businesses. It is a cloud-based<br />
system that offers integrated payroll,<br />
applicant tracking (ATS), onboarding<br />
tools, e-signatures, time-off tracking,<br />
and performance management. It<br />
also makes reporting between team<br />
leads and subordinates easy and<br />
convenient. A cool feature of the<br />
BambooHR is the TRAXPayroll which<br />
makes running payroll fast, timely and<br />
easy. It also helps with tax deductions<br />
and filings.<br />
3. <strong>IN</strong>VENTORY MANAGEMENT<br />
For product-based businesses, it is<br />
important to keep a record of stock<br />
and purchase orders in order to<br />
ensure smooth running of sales and<br />
also to monitor profits or deficits.<br />
SOS Inventory is designed to make<br />
inventory tracking, order<br />
management, and manufacturing<br />
easier. The app makes the<br />
management of inventory easier. You<br />
can even track your items according<br />
to a number of different attributes<br />
(like serial number and cost history)<br />
on the app. You can create tickets and<br />
packing slips as well.<br />
4. SALES & MARKET<strong>IN</strong>G<br />
Looking for an affordable eCommerce<br />
platform that allows you to create<br />
your personal brand e-shop with a<br />
beautiful template without spending<br />
so much money on building an<br />
e-commerce site for your business?<br />
Try Shopify. Shopify makes online<br />
sales easier for SMEs by providing
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e-store templates, payment<br />
processors, personal brand blog,<br />
email marketing tools etc. Shopify<br />
helps you create a landing page<br />
where you can direct customers to,<br />
outside social media. This enables you<br />
to create a personal sales interaction<br />
with your customers within your own<br />
space. On Shopify, you can use your<br />
store to sell goods or manage<br />
inventory in a physical location.<br />
On Shopify, you can use Boost Sales<br />
App, which allows you to increase<br />
sales conversions. It displays a popup<br />
when an item is viewed or added to<br />
the cart that can complement or be<br />
an alternative to the items selected by<br />
the customer. It also recommends<br />
products to customers.<br />
5. PAYMENTS<br />
With the increasing rate of online<br />
shopping, customers need a reliable<br />
and convenient payment system that<br />
will guarantee the safety of the<br />
debit/credit card details and protect<br />
them from possible cyber fraud. As a<br />
small business owner, you also need a<br />
reliable means of receiving payments<br />
without delay and excess charges. I<br />
recommend Paystack for every form<br />
of payments: whether for products,<br />
services or even events. You can create<br />
a payment link for as many products<br />
as possible; all you need is a valid<br />
business bank account. Charges are<br />
affordable; you can either bear the<br />
cost of charges incurred in every<br />
transaction or pass it to the customer.<br />
Payments are usually settled within<br />
24 hours and you can get a<br />
spreadsheet of all your transactions in<br />
excel documents for accounting<br />
purposes.<br />
6. SURVEYS<br />
The best way to know what a<br />
customer wants is by asking them<br />
directly. There are many online survey<br />
apps that help you achieve this in a<br />
cheap and efficient way if you don’t<br />
have a business website where such<br />
survey links can be created (although,<br />
it is strongly advised for you to have<br />
one). Survey Monkey is one app that I<br />
have found useful over the years for<br />
market survey, customer opinion<br />
sampling, product review etc. Its<br />
features make data collection and<br />
analysis simple.<br />
These features, however, depend on<br />
your chosen pricing plan out of the<br />
four available. The basic plan is<br />
sufficient for small businesses as it<br />
allows ten questions per survey with a<br />
maximum of 100 responses per survey.<br />
It also has about 31 popping templates<br />
one can choose from.<br />
7. EXTERNAL COMMUNICATIONS<br />
Mailchimp is the app that integrates<br />
E-Commerce Integration, Marketing<br />
Automation, and Social Media<br />
Advertising Features in one place. The<br />
most important feature for me,<br />
however, is its mailing list which allows<br />
you to send up to 12,000 emails to up<br />
to 2,000 customers/subscribers per<br />
month for FREE. The app is<br />
permanently free; the only time you<br />
will need to upgrade to a paid plan is<br />
when you exceed the limits. On<br />
Mailchimp, you can create as many<br />
email lists as possible to enable you to<br />
send appropriate emails: from leads<br />
(prospects that you want to market<br />
your products to) to existing<br />
customers, company board, media,<br />
etc. Mailchimp comes with cool<br />
templates and it allows you to<br />
personalize bulk emails by using<br />
personal names of the customer in<br />
your salutation eg ‘Dear Kwesi’, or ‘Dear<br />
Rose’ instead of the general ‘Dear<br />
Customer.’ It also helps you analyse the<br />
performance of your sent emails so you<br />
can know the level of engagement.<br />
8. SOCIAL MEDIA MANAGEMENT<br />
One major headache about selling on<br />
Social Media is the constant posting of<br />
content to keep the followers engaged<br />
and glued to the brand page. It takes a<br />
lot of work managing the daily<br />
operations of the business, at the<br />
same time, being on social media. For<br />
this reason, many large enterprises<br />
recruit manpower to manage social<br />
media activities for them. However,<br />
for most SMEs, having a Social Media<br />
Manager on their payroll is<br />
unaffordable. Thus, the need for a<br />
social media scheduling app.<br />
Hootsuite app is an all-in-one<br />
platform that allows you to curate and<br />
schedule content, measure your<br />
social ROI, run social media ads etc.<br />
On Hootsuite, you can monitor<br />
multiple accounts and keywords,<br />
connect with as much as 20 social<br />
networks, and create bulk scheduling<br />
of social media posts.<br />
9. BRAND<strong>IN</strong>G<br />
Branding can be very expensive for<br />
small businesses working on a<br />
budget. Daily graphic designs for<br />
social media posts, flyers,<br />
infographics, product ads, brand<br />
announcements, events etc has been<br />
made easy with CANVA. Canva has an<br />
unlimited free account with tons of<br />
templates, free stock photos (you<br />
don’t have to bother about copyright<br />
issues), icons, and other elements that<br />
make your design beautiful and<br />
appealing.<br />
You don’t need a design experience to<br />
use Canva; it is user friendly. It has<br />
editable templates for every design.<br />
All you need to do is, search for a<br />
template of your choice and edit to<br />
your preference. You can change<br />
colours, text fonts and background.<br />
You can upload your images and<br />
logos on the designs as well. You can<br />
be rest assured that all your designs<br />
are safe because Canva stores your<br />
designs; you can start a design and<br />
finish later, you meet it how you left it.
MECHANICAL AND ELECTRICAL<br />
EQUIPMENT SERVICES<br />
Floor degreasing<br />
<br />
Enhanced cable management<br />
Electrical power and distribution<br />
Steam cleaning of engine radiators<br />
<br />
Mechanical cleaning of diesel / generator<br />
tank and dislodging<br />
SUPPLY OF ELECTRICAL<br />
AND MECHANICAL EQUIPMENT<br />
PROJECT MANAGEMENT<br />
FACILITY MANAGEMENT SERVICES<br />
PROCUREMENT, <strong>IN</strong>STALLATION, OPERATION<br />
AND MA<strong>IN</strong>TENANCE SERVICES<br />
Gas engines<br />
Diesel engines<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
off Oniru Market, Lekki, Lagos, Nigeria.<br />
<br />
80, Bayeiku Road, Opp. Tipper Garage,<br />
Oga Oloye, Igbogbo, Ikorodu, Lagos Nigeria.<br />
<br />
<br />
<br />
info@gtsprofessionals.com.ng<br />
gtsprofessionals@gmail.com<br />
www.gtsprofessionals.com.ng<br />
@gtsprofessionals
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BECOM<strong>IN</strong>G A DIGITAL ENTERPRISE:<br />
THE 9 REVENUE MODEL<br />
LANRE MESSAN<br />
here are myriads of strategies<br />
that work within the digital<br />
ecosystem because of its<br />
constantly evolving nature. However,<br />
we cannot rule out the fundamentals<br />
of understanding set up and structure<br />
when it comes to keeping the entire<br />
value stack alive.<br />
In this article, I talk about the three<br />
elements that a CEO should keep a<br />
tab on and also the nine revenue<br />
models you need to understand to<br />
birth your digital enterprise.<br />
A digital enterprise stands for more<br />
than just using new technologies for<br />
the sake of it. Rather, what truly<br />
distinguishes and gives a digital<br />
enterprise its competitive advantage<br />
is its culture, strategy and way of<br />
operating. Digital enterprises strive<br />
continuously to enable new and<br />
leaner operating models<br />
underpinned by agile business<br />
processes, connected platforms,<br />
analytics and collaboration<br />
capabilities that enhance the<br />
productivity of the firm. A digital<br />
enterprise relentlessly searches out,<br />
identifies and develops new digital<br />
business models, always ensuring that<br />
customers and employees are at the<br />
centre of whatever it does. There are<br />
some areas that many companies will<br />
need to reassess and reform if they are<br />
to become digital enterprises. Three<br />
key areas have been identified digital<br />
business models (what companies<br />
need to do); digital operating models<br />
(how they can do it); and digital talent<br />
and skills (who they need to work with<br />
to succeed).<br />
In the scheme of digital<br />
transformation or enterprise<br />
digitization, many businesses are<br />
moving beyond viewing technology<br />
merely as a cost and seeing it as an<br />
important enabler of revenue<br />
generation. A recent survey found that<br />
45% of IT executives see growing<br />
revenue by improving digital<br />
capabilities as a top priority. In Africa,<br />
the rate at which IT executives<br />
integrate technology business process<br />
is low, and this is largely because the<br />
CEOs are yet to exist within that frame<br />
of mind. Most CEOs believe that their<br />
companies can implement a<br />
successful digital transformation<br />
simply by launching a digital business<br />
unit and hiring a Chief Digital Officer.<br />
The reality is successful digital<br />
transformation demands a culture<br />
sponsored by the leadership that<br />
promotes innovation, encourages<br />
risk-taking and empowers employees<br />
at all levels of the economy.<br />
Becoming a digital enterprise<br />
requires at first level that you decipher<br />
the problem gap otherwise known as<br />
the job-to-be-done according to my<br />
favourite Harvard Business School<br />
Professor, Clay Christensen, vis-a-vis<br />
the customer segment you want to<br />
focus on as that will pave the way for<br />
designing the framework of<br />
operations. The truth is digital<br />
technologies have enabled the<br />
emergence of the following business<br />
models: peer-to-peer networks,<br />
freemiums, delivering outcomes<br />
(mainly driven by the Internet of<br />
Things),<br />
and<br />
crowd-funding/crowdsourcing as a<br />
service, eCommerce/marketplace and<br />
personalisation, among others.
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Many Nigerian startups ultimately run<br />
completely on digitization to<br />
generating their revenues; an<br />
example is PayLater, a financial<br />
technology platform that started by<br />
borrowing customer money without<br />
collateral within seconds, now they<br />
are creating more services within the<br />
value stack. PayLater runs on a<br />
revenue model where commissions<br />
are made in the form of interest on<br />
loans received from the platform.<br />
Since my focus for this article is on<br />
revenue models for running a<br />
successful digital enterprise, I will<br />
share the nine models and a bit of<br />
explanation for each. A careful study<br />
of each model will open up the<br />
possibility of what will work for your<br />
digital enterprise ideas and could<br />
guide your eventual strategy<br />
development as a startup.<br />
Based on this, I will share sneak-peek<br />
explanations on the nine revenue<br />
models:<br />
1. TRANSACTION: Traditionally<br />
manufactured products are packaged<br />
and resold from one to many users;<br />
ownership is transferred from seller to<br />
buyer through distribution channels.<br />
2. CAPACITY LEAS<strong>IN</strong>G: Capacity is<br />
monetised in the form of human time,<br />
machine or asset availability;<br />
companies manage the supply of<br />
capacity through demand forecasting,<br />
customer orders and sales.<br />
3. LICENS<strong>IN</strong>G: Technology, brand or<br />
intangible assets are licensed for<br />
periods to reflect the value of the<br />
original invention but without the<br />
inventors needing to market or sell the<br />
product/service themselves.<br />
4. SUBSCRIPTION: Products/services<br />
are subscribed to, usually for a time,<br />
which can be as short as a day but<br />
often for longer, locking customers in<br />
with a reduced upfront cost.<br />
5. COMMISSION: Agents collect<br />
commissions (or a margin) for<br />
matching buyers to sellers for a given<br />
product/service; agents can be people<br />
or, more recently, scalable digital<br />
platforms.<br />
6. ADVERTIS<strong>IN</strong>G: Often used in media<br />
and entertainment as a way to<br />
distribute and share ideas, with<br />
associated<br />
products/services<br />
marketed through the medium.<br />
7. TRAD<strong>IN</strong>G: Buy low, sell high, if<br />
successful; traders monetise<br />
mispriced goods and services due to<br />
fluctuations in demand and supply<br />
using market knowledge.<br />
8. Donations: Often found to be<br />
transactional or subscription-based<br />
for individuals to participate either on<br />
a one-off or regular basis;<br />
philanthropic donations can often<br />
provide intangible benefits to the<br />
donor.<br />
9. SUBSIDIES: Often found in public<br />
service organisations whereby<br />
traditional revenue models only make<br />
up part of the cost to provide the<br />
service; subsidies typically incentivise<br />
improvements in quality of service.<br />
My advice to anyone looking towards<br />
starting or transitioning into a digital<br />
enterprise is to understand that, the<br />
consideration is not of later but now<br />
because by the time it is obvious, it is<br />
too late. What that means is, now is<br />
the time to act.
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STRATEGIES ON SCAL<strong>IN</strong>G YOUR<br />
MANUFACTUR<strong>IN</strong>G BUS<strong>IN</strong>ESS <strong>IN</strong> <strong>AFRICA</strong><br />
Samuel Moore<br />
very entrepreneur wishes for<br />
rapid growth. Great news, your<br />
wishes about your business are<br />
being granted. You have the growth<br />
that you so much desired, but now<br />
you are faced with a new challenge.<br />
It is time to scale your business so<br />
that you can advance. This requires a<br />
lot of strategies because, if you don’t<br />
get it right, you could fall to your<br />
competition (Deane, 2019). It is even<br />
more dangerous when you are in the<br />
manufacturing industry.<br />
Because of how risky scalability is<br />
important to businesses, we have put<br />
together a few points to help you.<br />
BE AWARE OF YOUR F<strong>IN</strong>ANCIAL<br />
CONDITION<br />
Most businesses in Africa, especially<br />
those at the startup stage, have a<br />
common problem. Access to steady<br />
cash flow. As such, you must go<br />
through a series of deliberations<br />
before attempting to scale up.<br />
It is imperative to note that scaling<br />
means that you will hire more staff<br />
and purchase more equipment. All of<br />
this requires more money. This is why<br />
you must be aware of your financial<br />
condition at the moment to avoid<br />
diving headlong into a loss.<br />
One way to do this is to create an<br />
efficient financial records system.<br />
Continually monitor your cash flow<br />
for a specified period and check what<br />
happens if you have a slowdown of<br />
cash flow. All of this will tell you how<br />
much you need to finance your new<br />
project and how your business will<br />
survive.<br />
<strong>IN</strong>VEST MORE <strong>IN</strong> PRODUCTION<br />
It is only common sense that<br />
businesses in the manufacturing<br />
sector invest more in production. As<br />
you try to scale up, there is a possibility<br />
of glitches in your production process.<br />
While this may be good news since it<br />
means that your product is popular, it<br />
is also an additional headache.<br />
Customers don’t find it funny when<br />
they need your product, and you<br />
cannot meet up with their demand.<br />
Such a situation can be quite<br />
detrimental to small businesses that<br />
have already gained some level of<br />
brand recognition. The easiest way to<br />
avoid such glitches is to increase your<br />
investment in the production process.<br />
Here are some tips to help you<br />
achieve this easily:<br />
a. Identify the bottlenecks in your<br />
production process.<br />
b. Purchase advanced equipment to<br />
meet up with customer demand.<br />
c. Invest in technology-based<br />
equipment to alleviate any<br />
inefficiencies in your production line.<br />
d. Fortify your production environment<br />
to ensure that it is safe from burglars<br />
and other vices.<br />
The better your production process is,<br />
the easier it is for your business to<br />
scale up. Once you invest reasonably<br />
here, all other aspects tend to fall in<br />
place a lot easier.<br />
MAKE REALISTIC SALES<br />
FORECASTS<br />
Congratulations, you are ready to<br />
increase the capacity of your business.<br />
However, you shouldn’t do this to the<br />
detriment of your profit. The aim of<br />
running a business is to make profit so<br />
whatever you do, it must be towards<br />
achieving this aim.<br />
The question here is this, “when you<br />
scale up your manufacturing business,<br />
how do you hope to attain a return on<br />
investment?” Don’t forget that you will<br />
be spending a whole lot on expansion,<br />
buying new equipment, hiring new<br />
staff, etc. This will weigh heavily on<br />
your current cash flow.<br />
You cannot afford to make unrealistic<br />
sales forecasts if you are going to get<br />
returns on your investment. You must<br />
look into possible changes in your<br />
industry and government reforms and<br />
policies. Consider anything that could<br />
affect your cash flow and be as<br />
realistic as possible.<br />
It is great to dream big, but building<br />
castles in the air in your sales forecasts<br />
is setting up for failure. After taking all
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the expansion costs and possible<br />
influences on the sector into<br />
consideration, conduct a breakeven<br />
analysis. This will give you a heads up<br />
if you need to adjust the prices of your<br />
products or not.<br />
GET YOUR RECRUITMENT RIGHT<br />
One of the biggest nemeses of small<br />
businesses is the shortage of qualified<br />
staff (Shemkus, 2015). This is why<br />
many of them suffer growth and<br />
expansion problems. It is not just<br />
important to get your recruitment<br />
right; you must learn to keep your best<br />
hands too.<br />
Contrary to popular opinion, scaling<br />
your manufacturing business doesn’t<br />
always lead you down the path of<br />
recruitment. Before recruiting, you<br />
must check your company’s<br />
objectives and expansion budget.<br />
Sometimes, all you need is to create a<br />
roster for your existing team. We have<br />
seen it in several companies where<br />
certain staff take up multiple roles.<br />
Once you have such staff on your<br />
hands, it is best to invest in their skills<br />
and increase their remuneration. It is<br />
far better than getting new staff that<br />
you have to school on the basics of<br />
your production process afresh.<br />
Retaining employees helps to<br />
increase your productivity and also<br />
improve the scalability process.<br />
However, if you have to recruit, then<br />
you must get it right. It is not just<br />
about the skills; it is also about people<br />
that align with your company’s<br />
objectives. Clearly define the roles that<br />
need filling as well as the required<br />
personality profiles. Then you can have<br />
a human resource firm or your human<br />
resource department handle the<br />
recruitment process.<br />
MA<strong>IN</strong>TA<strong>IN</strong> YOUR CURRENT<br />
SUPPLIERS AND CLIENTS<br />
The fact that you are scaling your<br />
business doesn’t mean that you will do<br />
away with your existing suppliers and<br />
clients. Growing your business takes<br />
some time, and this transition period<br />
can be quite challenging. As you try to<br />
gather new prospects and increase<br />
your network of suppliers, there’s the<br />
temptation to neglect existing ones.<br />
Guard against this by fostering good<br />
relationships. One of the advantages of<br />
this is that it helps you to save money<br />
on certain material expenses (Deane,<br />
2019). This is very integral to scaling<br />
your production process.<br />
The way you treat your existing<br />
customers will determine how stable<br />
your balance sheet will be. This way, as<br />
you work on gathering new clients,<br />
your existing clients will be your<br />
mainstay. Don’t underestimate their<br />
influence on your business. It could be<br />
your game-changer.<br />
CONCLUSION<br />
As you plan to scale your<br />
manufacturing business, take every tip<br />
we have provided in this article<br />
seriously. The process is quite<br />
complicated, and you may need some<br />
expert advice. Don’t hesitate to reach<br />
out to industry experts when you<br />
need to. Most of all, identify the<br />
strengths and weaknesses of your<br />
business to get the best results.
@SME360nigeria<br />
34<br />
SME360 Magazine<br />
www.sme360.ng<br />
MEET<br />
SUSAN GRANGER<br />
MANAG<strong>IN</strong>G DIRECTOR OF NUBIAN QUEEN ON 101<br />
CAN YOU TELL US ABOUT THE<br />
NUBIAN QUEEN BRAND? WHAT DO<br />
YOU DO AND WHERE ARE YOU<br />
BASED?<br />
Nubian Queen on 101 is a niche,<br />
quality, and exclusive online Boutique<br />
store, specializing in exquisite<br />
Genuine Leather Handbags and<br />
accessories, All made from the heart<br />
of Johannesburg, Gauteng in South<br />
Africa. Nubian Queen brings you an<br />
Exclusive Contemporary Luxury<br />
Genuine Leather Bag Brand that<br />
bridges the gap between High Street<br />
and Luxury Brands. Our brand designs<br />
are Stylish, Affordable, and Timeless<br />
therefore are not dictated by trends<br />
but yet impactful and very easy to<br />
wear as an accessory hence we have<br />
declared our bags “Investment Bags”.<br />
At Nubian Queen On 101 we “DO NOT”<br />
follow trends, WE make them. If you<br />
are looking to invest in a Bag that is<br />
Impactful as it is Versatile, then<br />
Nubian Queen On 101 is your plug. This<br />
selection of carefully crafted products<br />
are designed and created by founder<br />
and Managing Director of Nubian<br />
Queen on 101, Susan Granger. All our<br />
bags are made 100% Local and by this<br />
I mean that all our materials and<br />
workmanship is done right here in<br />
Johannesburg, we have also shown<br />
our bags Internationally in Paris as<br />
well as New York which is a milestone<br />
we don’t take lightly.<br />
Our slogan for Nubian Queen on 101 is<br />
“Luxury Made In Africa” the reason I<br />
made this our slogan is because even<br />
though its 2020 Most Africans still<br />
believe that everything from overseas<br />
is better than our own and most<br />
people actually say it with pride but,<br />
I’m here saying Africa is like a Melting<br />
Pot of Talent and still that being said as<br />
Africans we still doubt our Worth,<br />
some people might not agree with this<br />
but, I run this business and the<br />
conversations I have, tells me that we<br />
have a long way to go to claim our<br />
worth as Africa.<br />
So the values of Nubian Queen on 101<br />
are alike, subscribing to Quality |<br />
Excellence | Customer-centric | Value |<br />
Innovative | Creative | Our People first |<br />
Integrity<br />
WHAT IS THE <strong>IN</strong>SPIRATION BEH<strong>IN</strong>D<br />
NUBIAN QUEEN ON 101?<br />
Nubian Queen on 101 was formed to<br />
bridge the gap between High Street<br />
and Luxury brands but, with a flair of<br />
satisfying the customer that wanted to<br />
wear an accessory that is well made,<br />
fairly priced as well as quality that can<br />
last for years to come.<br />
After looking around for a good and<br />
well-made bag that was also fairly<br />
priced without luck, propelled me to<br />
search for resources locally to start my<br />
own proudly African Brand.<br />
HOW DO YOU GET YOUR DESIGNS?<br />
We design and create them.<br />
WHAT <strong>IN</strong>SPIRES YOU?<br />
Teaching. I am an intense creative and<br />
Africa is my passion. The blood that<br />
runs through my veins is that of an<br />
<strong>IN</strong>TENSE TRAVELLER & <strong>IN</strong>TENSE<br />
CREATIVE, I studied Public relations in<br />
College and I think this enabled my<br />
mind to see pies in the sky, I see<br />
opportunities everywhere I turn, I am A<br />
Designer and an Agriprenuer, two<br />
industries that are not even related<br />
but, I Founded them. I also describe<br />
myself as an ABSTRACT PA<strong>IN</strong>T<strong>IN</strong>G, I<br />
am that beautiful mess, only if you are<br />
willing to find that beauty.<br />
Showing my bags and African talent<br />
in Paris 2018 & then New York twice in<br />
2019 was the proudest achievement<br />
for me this just proved to me that<br />
Africa is Worthy + winning the<br />
Start-up Women Entrepreneur of the<br />
Year 2018 confirmed that I was doing<br />
what was necessary for my Africa and<br />
I should keep on going. Generally<br />
watching things grow pumps my<br />
blood some type of way that can’t be<br />
explained, you have to experience it,<br />
to understand . I love food and I love<br />
cooking it.<br />
WHAT ARE THE CHALLENGES YOU<br />
FACE <strong>IN</strong> THE <strong>IN</strong>DUSTRY AND HOW<br />
DO YOU DEAL WITH THEM?<br />
I tell everyone that I’m truly blessed, I<br />
struggled to start my brand in South<br />
Africa but, I was so adamant that I<br />
would not do it any other way , so my<br />
FAITH carried me and I conquered all<br />
my fears and doubts about African<br />
Brands being perceived as inferior to<br />
international Brands. So I went on and<br />
created a World Class brand that has a<br />
very decent customer base both here,<br />
other Africas, and abroad.<br />
Now I teach/educate my customers to<br />
be, the importance of Supporting<br />
Local, as well as African, made and the<br />
response is overwhelmingly positive.<br />
WHAT IS YOUR ADVICE FOR YOUNG<br />
ENTREPRENEURS <strong>IN</strong> YOUR<br />
<strong>IN</strong>DUSTRY?<br />
We make life so impossible most<br />
times and for me “If you wake up every<br />
morning and put GRATITUDE, FAITH &<br />
HOPE in your pocket you can conquer<br />
mountains you never dreamt<br />
possible” You assured to be ok, so stop<br />
talking about it and ACT, Action<br />
creates Magic.
COM<strong>IN</strong>G SOON<br />
ISSN 2384-5430<br />
9 772384 543008