Crowdsourcing Business Development, Staffing & Funding Towards Creating businesses that are profitable and can scale through franchising and/ or venture capital intervention.



This is a continuation from an earlier thread i begun mid of this year where we were looking into the pros and cons of crowdfunding. Over the past few months i have partnered with people from Nairaland and we have formed a company and have continued to work on developing the company and its web application as we are scheduled to launch on the first quarter of 2014.

I would like to talk on the above topic, and through my discussion i hope to find people of like like minds that would like to be part of the creation, launch and sustenance of such a platform.

We would be talking on everything from the legal, the benefits, the problems that can arise, structure and the overall implication for Nigeria.
This is not a new concept, but in Nigeria it is and we plan to be pioneers here.

Lets begin.

Ok up with Bro..looks interesting to me

Hmmmmmmmm......

Thank you.

I would be continuing this discussion later today or tomorrow.

Cheers!

Firstly i was interested in crowd funding, the idea that a couple of strangers can decide to collectively fund a business. The apolitical and non-bureaucratic nature of such a funding system means the merit of an idea/business would be the only thing that would count. Something i found very interesting.

But in my research i found out something, funding a business can never be enough, more has to be put in place for success, and the successes of the businesses such a platform helps facilitate funds is the success of the platform.

It cannot be enough for such a platform to generate revenue through charging a fee or earning a percentage of monies raised. Such a platform, especially in Nigeria may have to aim higher as one of its major goals in the short term should be government participation.

The problem with the idea is the merit of the idea, it forces the people to become independent, and most likely successfully so. This is not always a good thing. I would not go into details yet of why a government partnership is key.

So, a generic crowd funding company is not what is best suited for our terrain not just because we are a paranoid people with an extensive history and present of scammers/scamming hence people would not be inclined to be part of a business simply because of its nice presentation online (www.kickstarter.com), but because the best way to cross the bridge between those that HAVE and those that CAN would be to engage neutral parties in the development and staffing, not just online, but physically.

Happy New Year!

We would continue this discussion soonest.

charcoalblaq: Happy New Year!

We would continue this discussion soonest.

wishing you thesame

charcoalblaq: Crowdsourcing Business Development, Staffing & Funding Towards Creating businesses that are profitable and can scale through franchising and/ or venture capital intervention.
This is a continuation from an earlier thread i begun mid of this year where we were looking into the pros and cons of crowdfunding. Over the past few months i have partnered with people from Nairaland and we have formed a company and have continued to work on developing the company and its web application as we are scheduled to launch on the first quarter of 2014.
I would like to talk on the above topic, and through my discussion i hope to find people of like like minds that would like to be part of the creation, launch and sustenance of such a platform.
We would be talking on everything from the legal, the benefits, the problems that can arise, structure and the overall implication for Nigeria.
This is not a new concept, but in Nigeria it is and we plan to be pioneers here.
Lets begin.

Hello charcoalblaq, nice thread here. Running something similar in the UK and looking at getting into the Nigerian market. Would be nice to talk. Kindly email me so we can take things up from there: paschal@elaunchr.com.