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Youwin Connect Business Competition 2017 - Business (1) - Nairaland

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Youwin Connect 2017/2018 Enterpreneurs Telegram Group / How To Apply For Youwin! Connect Business Programme 2017 / Youwin Connect Business Competition 2017 (1) (2) (3) (4)

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Re: Youwin Connect Business Competition 2017 by XaviDayo: 11:23am On Jul 24
I hope there is money o and I hope say na grant and not yeye loan.


Once again, thank you to Tony Elumelu. I am a 2017 awardee.

Holla

1 Like

Re: Youwin Connect Business Competition 2017 by bamasite(m): 12:07pm On Jul 24
WHAT HAPPENED TO YOUTH IGNITE?
Re: Youwin Connect Business Competition 2017 by ijames: 12:31pm On Jul 24
KnowMore:


Youwin Grant is sure.. Don't mind him.

I personal wrote for a woman who was selected during the first youwin program.. But just that she and the husband mismanaged the Millions that was given to her.. They opens a small laboratory, bought a car and the rest of the cash was swept down.

I deeply think that Yowin should focus more on monitoring the activities of successful awardees. Because the rate at which the winners spend this money on unrelated stuff is actually what is making youwin to seem as fake.

I'll need your assistance kindly mail me eiyerejames@gmail.com
Re: Youwin Connect Business Competition 2017 by Josmila(m): 12:50pm On Jul 24
KnowMore:


Youwin Grant is sure.. Don't mind him.

I personal wrote for a woman who was selected during the first youwin program.. But just that she and the husband mismanaged the Millions that was given to her.. They opens a small laboratory, bought a car and the rest of the cash was swept down.

I deeply think that Yowin should focus more on monitoring the activities of successful awardees. Because the rate at which the winners spend this money on unrelated stuff is actually what is making youwin to seem as fake.

I wish this info could be published or sent to the organizers to take note.

People just come here to spew bull$hit without an iota of knowledge about the subject matter.
Re: Youwin Connect Business Competition 2017 by mpowa(m): 12:50pm On Jul 24
edoman2016:
No grant. This one is just training only. Rubbish Youwin connect
Are you sure you can read and comprehend?
Re: Youwin Connect Business Competition 2017 by edoman2016: 12:58pm On Jul 24
mpowa:

Are you sure you can read and comprehend?
Adulphus:

There Is Funding At The End Of The Programme! 2.5billion Project
Josmila:


Did you read the post at all before jumping in with a comment?
Trust me, you guys are mistaken. The present Youwin connect under Buhari is different from Jonathan's Youwin. That's the fact. The present Youwin is just for training only. There is no single grant. I am telling you the fact. Please take your time and read their condition for participation. The 2.5 billion naira, some of you are thinking is for grant is wrong. It's for equity investment in viable business after training. Which you must pay back. BOI Yes-P is still better than Youwin connect. Though it's a loan too.
Re: Youwin Connect Business Competition 2017 by Josmila(m): 1:06pm On Jul 24
edoman2016:

Trust me, you guys are mistaken. The present Youwin connect under Buhari is different from Jonathan's Youwin. That's the fact. The present Youwin is just for training only. There is no single grant. I am telling you the fact. Please take your time and read their condition for participation. The 2.5 billion naira, some of you are thinking is for grant is wrong. It's for equity investment in viable business after training. Which you must pay back. BOI Yes-P is still better than Youwin connect. Though it's a loan too.

Youwin under the last administration was fraught with a lot of corruption, monies were just handed out to people, not entirely on merit. This is because I know very good brains that applied, went through the rigorous processes, but didn't end up being beneficiaries. What is wrong with equity investment in viable business though?? Are you aware many were handed cash that didn't end up in the businesses they collect the monies for??

1 Like

Re: Youwin Connect Business Competition 2017 by ol2012: 1:09pm On Jul 24
Adulphus:

There Is Funding At The End Of The Programme! 2.5billion Project

Of course that was stated by the minister when the initiative was launched. My worry however is that she said then that government would mobilize the fund "annually as equity investment in start-ups and early stage SMEs through qualified fund managers under a co-investment model"
Please note the key word in the quoted - co-investment model. That doesn't sound to me as a grant(I may be wrong though)

Going by the antecedents of this current Federal government, coupled with the fact that there is no concrete info on the website as to the nature of the fund. It is safe not to assume it's going to be a grant.

Perhaps financial analysts and economists in the house can assist educate us on what a co-investment funding model means
Re: Youwin Connect Business Competition 2017 by edoman2016: 1:18pm On Jul 24
Josmila:


Youwin under the last administration was fraught with a lot of corruption, monies were just handed out to people, not entirely on merit. This is because I know very good brains that applied, went through the rigorous processes, but didn't end up being beneficiaries. What is wrong with equity investment in viable business though?? Are you aware many were handed cash that didn't end up in the businesses they collect the monies for??
I have no problem with equity investment Seriously. But the problem is equity investment is mostly for existing business, not start up. That's why you will notice Youwin connect is unpopular among Nigerian youth unlike Jonathan's Youwin. Jonathan's Youwin give grant to start up. There are many graduates that have business ideas and training but still can not start their business because they have no start up capital. And banks give loans only to existing business and not start up. Which is the mistake the same you win connect is making.
Re: Youwin Connect Business Competition 2017 by ol2012: 1:21pm On Jul 24
edoman2016:

I have no problem with equity investment Seriously. But the problem is equity investment is mostly for existing business, not start up. That's why you will notice Youwin connect is unpopular among Nigerian youth unlike Jonathan's Youwin. Jonathan's Youwin give grant to start up. There are many graduates that have business ideas and training but still can not start their business because they have no start up capital. And banks give loans only to existing business and not start up. Which is the mistake the same you win connect is making.

A quick one please bro,

When paying back equity investment, do you pay same amount or with interest?

Thank you
Re: Youwin Connect Business Competition 2017 by neksummi(m): 1:42pm On Jul 24
Good to have YouWin back.
Re: Youwin Connect Business Competition 2017 by Jadmchris(m): 1:44pm On Jul 24
I see
Re: Youwin Connect Business Competition 2017 by edoman2016: 1:50pm On Jul 24
ol2012:


A quick one please bro,

When paying back equity investment, do you pay same amount or with interest?

Thank you
Equity investment means you will sell equity stake in your business to an investor. So you will use the money they pay you to expand and grow the business. The consequence is that the business is not yours 100℅ anymore. Incase of mismanagement, the business can be acquired from you by the investor.

Now this is where Youwin connect are very smart. They are not going to pay you any money. Rather they will link successful beneficiary after the training to private equity investor. Who will evaluate your business and know its worth and viability before investing in it. So its not automatic to applicants. Rather it's favour existing business owner more than start up. Cause they will have records and transactions to back up their business.
Re: Youwin Connect Business Competition 2017 by Haddock(m): 2:40pm On Jul 24
Myself2:


Guy wake up from your deep dream
That was during the era of the truthful and fair-minded President GEJ who brought much progress to Nigeria and Nigerian entrepreneurs.

Times have changed,we're now in the era of the fraudulent certificate-less nomadic terrorist dullard Buhari.Who has brought untold hardship to millions of Nigerians and has succeeded in killing so many businesses and rendering so many jobless.
Dark hearted serpent called Buhari.
I spit on Buhari

Hehehe...
You're reminiscing of the era of
Mr. Cool and the Gang, right?
I don't envy you...

Re: Youwin Connect Business Competition 2017 by dyydxx: 4:18pm On Jul 24
edoman2016:

Equity investment means you will sell equity stake in your business to an investor. So you will use the money they pay you to expand and grow the business. The consequence is that the business is not yours 100℅ anymore. Incase of mismanagement, the business can be acquired from you by the investor.

Now this is where Youwin connect are very smart. They are not going to pay you any money. Rather they will link successful beneficiary after the training to private equity investor. Who will evaluate your business and know its worth and viability before investing in it. So its not automatic to applicants. Rather it's favour existing business owner more than start up. Cause they will have records and transactions to back up their business.

what exactly is the 2.5 billion for then if they will link you up with a private equity investor? Will the FG give the investor the money or what? won't the private investor cough out his own money or is the whole 2.5 billion for trainings? Please if you know shed some light
Re: Youwin Connect Business Competition 2017 by ol2012: 4:40pm On Jul 24
edoman2016:

Equity investment means you will sell equity stake in your business to an investor. So you will use the money they pay you to expand and grow the business. The consequence is that the business is not yours 100℅ anymore. Incase of mismanagement, the business can be acquired from you by the investor.

Now this is where Youwin connect are very smart. They are not going to pay you any money. Rather they will link successful beneficiary after the training to private equity investor. Who will evaluate your business and know its worth and viability before investing in it. So its not automatic to applicants. Rather it's favour existing business owner more than start up. Cause they will have records and transactions to back up their business.

Thanks for the explanation brother,
I became scared when their fb handler(s) kept dodging the question when I pushed it to them via their fb page. They kept referring me to the website when infact there is no detailed info about the fund structure on the website.

Meanwhile, were you able to eventually access YESP fund?

Thanks once again for the explanation
Great guy!
Re: Youwin Connect Business Competition 2017 by Nobody: 4:52pm On Jul 24
Ok

1 Like

Re: Youwin Connect Business Competition 2017 by bfbellexce: 7:39pm On Jul 24
dats nice
Re: Youwin Connect Business Competition 2017 by Josmila(m): 9:09pm On Jul 24
mikeoh:

Don't say what u know nothing about... I was among the first awardee 2011, I didnt contact anyone and the funny part was that I have not been to Abuja my entire life until when I was selected.
The program was 90% based on merit.
The problem we had then was that some collected the money bought land then zoom to abroad like a guy I heard of.
This current Youwin connect am not clear about their point because youwin was plain about the grant which was between 1 to 10m

Ok it's fine bro. Let's see how this pans out. I think it's rather too early to be all negative about it. I hope you still doing well too
Re: Youwin Connect Business Competition 2017 by IwantToKnow: 12:19am On Jul 25
for those whose businesses have not been registered or those who are yet to start, how can they fill the online form, cos the form requested a registered business, how can one continue with the registration?
Re: Youwin Connect Business Competition 2017 by Adulphus(m): 3:06am On Jul 25
IwantToKnow:
for those whose businesses have not been registered or those who are yet to start, how can they fill the online form, cos the form requested a registered business, how can one continue with the registration?

The certificate of business registration is not compulsory
Re: Youwin Connect Business Competition 2017 by ijames: 11:53am On Jul 26
On the personal information section while registering on the youwin connect platform, there's a section for identification number,
Please guys what should I input there??
Re: Youwin Connect Business Competition 2017 by Adulphus(m): 12:39pm On Jul 26
ijames:
On the personal information section while registering on the youwin connect platform, there's a section for identification number,
Please guys what should I input there??
Select ID Type And Put The Number In Card. For Int'l Passport The Number Start With "A"
Re: Youwin Connect Business Competition 2017 by ijames: 7:55am On Jul 27
Adulphus:

Select ID Type And Put The Number In Card. For Int'l Passport The Number Start With "A"

Thanks
Re: Youwin Connect Business Competition 2017 by aibaybay: 2:36am On Jul 28
Hi everyone,

Please I have tried changing my password on the website but its even showing me someone else's name and telling me to still change my password.
Did anyone encounter the same problems? Please what can I do? I will appreciate any help or solution. thank you
Re: Youwin Connect Business Competition 2017 by Adulphus(m): 9:33am On Jul 28
aibaybay:
Hi everyone,

Please I have tried changing my password on the website but its even showing me someone else's name and telling me to still change my password.
Did anyone encounter the same problems? Please what can I do? I will appreciate any help or solution. thank you
If The Auto Access Key Was Sent To Your Mail And When You Used It To Change It Pw And It Show Another Persons Name, Change The Pw And Modify Your Info In Entry Page Then Save. Logout & Login Again To See If It Will Display The Right Intel!
Re: Youwin Connect Business Competition 2017 by covex: 7:17pm On Jul 28
For someone with just a business idea, do i have to write anything on sales forecast and financial projection? I am confused.
Re: Youwin Connect Business Competition 2017 by Blessedgurl(f): 9:19pm On Jul 29
covex:
For someone with just a business idea, do i have to write anything on sales forecast and financial projection? I am confused.


Click "No" when asked if you have a business. Save and continue to the next page. You will then be able to apply well.
Re: Youwin Connect Business Competition 2017 by Prudento: 6:46pm On Jul 31
After filling the "Business needs" section and trying to "Save and continue" the attached is what I see. Please who has experienced same?

Re: Youwin Connect Business Competition 2017 by aibaybay: 1:55pm On Aug 02
Thanks for your help. Let's keep our fingers crossed for the best outcome.
Adulphus:

If The Auto Access Key Was Sent To Your Mail And When You Used It To Change It Pw And It Show Another Persons Name, Change The Pw And Modify Your Info In Entry Page Then Save. Logout & Login Again To See If It Will Display The Right Intel!

1 Like

Re: Youwin Connect Business Competition 2017 by cefezyA: 8:21pm On Aug 02
Okay is there any benefit or advantage of one having already registered business

1 Like

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