If you are applying for YouWIN this year, you are probably waiting for the official opening of the competition before writing out your business concept. I stumbled into the application page a couple of days ago; and I have listed out the questions in a blog post. You can help yourself by copying out these questions and answering on a sheet of paper of MS Word on your computer to save yourself the stress of the b=hurry when the competition finally opens.

The article address is:http://woculus.com/everything-need-know-youwin-part-2/

Some of the questions are:

1. What is Your Business About?
First, you asked to describe your business in a maximum of 20 words and then select the industry-sector your business belongs to.

In the second module, you are asked to select your industry sector from the drop down menu. Carefully check each of the sectors to find where your business belongs. If your business sector is not listed, you could write your sector under “Other sector”.

2. What is Your Marketing Plan?
Under “Marketing”, there are 3 questions; and each of them is allowed a maximum of 50 words:
a. What benefits of the product or service enables your business to stand out from your competitors?
b. Does this meet a particular need or demand (your competitive advantages, if any)?
c. Name five of your existing or expected top customers. How will you attract these customers to your point of sale?

3. How Do You Intend to Manage Your Business?
This is a section you should pay adequate attention to. The main aim of this competition is to create jobs in Nigeria. So, your business must be capable of providing jobs sustainably in order to win this competition. Most of the current awardees of YouWIN own businesses that are employing close to 10 new employees on the average. You should factor this into your overall business plan.
The questions in this module are:
a. How many new, full-time (or equivalent) staff will be employed in the business 12 months from receiving the first stage award?
b. Describe the benefit you and your proposed staff will bring to the business, including: expertise, track record in the industry and management experience. [maximum of 50 words expected]

You will find more questions and pictures in the blog post - http://woculus.com/everything-need-know-youwin-part-2/.

All the best in the competition.

If you live in Ibadan or you can get to Ibadan easily, you might be interested in an exclusive training for the 2015 YouWIN edition. The training is being facilitated by a YouWIN awardee and business consultant. Find more info here - http://woculus.com/do-you-want-more-help-in-applying-for-youwin-grant/