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What is your startup value proposition?

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I found quite recently that about 60 percent of apps on the Play stores never get downloaded, and even when they do, they are mostly used once, uninstalled, and never installed again by the same user. What does this mean? The developer has created a solution but the question is, was there a problem with this solution he has created? Has he done it better than everyone else? Has he in any way made life easier, better, cheaper, faster, and more convenient for his target market?

Your value proposition identifies the exact problem you are solving and how. There might be a solution for every problem, but not a problem for every solution. Every product or service you see out there is a solution, but the issue is that some people are creating solutions for problems that do not yet exist or problems that people do not even know they have. What you want to do as an entrepreneur is to ensure that there is a problem you are solving.

The neo-banks or digital banks entered the banking scape in the last couple of years, and at first, it seemed like they had only come to be a digital version of the banks as we know it. But in a short while, they showed their value proposition – zero bank charges, do all your banking transactions from the comfort of your phone, never have to queue in the banking halls, better interest rates on savings, and so on. Steadily, they have been cornering some market share from what one would have described as an already-saturated banking sector. What is the reason for this? They had a solid value proposition.

Your value proposition says what you are offering to do, for whom, and why it is better than the competition. Why would a person download an app, use it once, and then discard it? The value proposition was weak or probably non-existent.

Maybe the app was solving the same problem as several other apps, and not doing anything better.

Maybe the app had so many bugs, lags, and frequent ads that affected user experience.

Maybe the app offered very little for free before asking the user to upgrade to a paid version to access more. No one wants to pay for something that has not given them considerable value.

When building your value proposition, always think of who is willing to pay for what you are offering? There are several things (products, services, and solutions) that people would love to have, but are not willing to pay for. However, there are others that people (the target audience) need desperately and are ready to pay for.

That is the difference between a nice-to-have and a need-to-have solution. Let’s look at Zido for instance. Zido Logistics is reducing and removing frictions and expensive middlemen from Africa’s logistics system. This was an already existing problem that we came into the scene to solve. Zido did not come up with a solution and then start looking for people with the problem.

Businesses already had this problem to contend with, and it was costing them money and also slowing down their processes. By bringing a value proposition that automates the processes, reduces time wastage, and increases efficiency for cargo owners and transporters, breaking into the market became inevitable.

That is what a value proposition should be. Think about your customers and how you can satisfy them.

Lafiya Telehealth AI HealthChecker Launching Next Month

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I have great news to share on healthcare advancement. Lafiya Telehealth will unveil the Lafiya AI HealthChecker next month. With our technology, if you look into Lafiya Camera for 30 seconds, you will get your critical wellness and vital signs data.

Our vision has been one thing: improve marginal cost of delivering healthcare services, and unlock leverages where one doctor can handle 1,000 patients in a day, and thereby expand access to healthcare, for all.

While we understand that our system cannot replace your doctor, our confidence interval is superb to make many calls. I want churches, mosques, villages, offices, schools, families, etc to place order. We will solve the problem of scarcity of doctors by bringing new thinking in the healthcare sector.

We’re also seeking clinics, governments and hospitals to partner because we will put fuel on the rocketship of healthcare in Africa and beyond. Lafiya Telehealth is a Tekedia Capital portfolio company, based in Texas, USA. Our Lagos and global offices are here.

Note: this data was approved for share by the person. We’re HIPAA compliant and you can count on that as I studied in the Johns Hopkins University.

We loaded this device with the following, among others:

  • 12 lead ECG, URT (Urine Routine) & GLU (Glucose).
  •  UA (Uric Acid) & Blood Lipid (TG, LDL-C, HDL-C, TCHO).
  •  Non-invasive Blood Pressure (NIBP) & Infrared Forehead TEMP.
  •  Pulse Oximeter/SPO2, Heart Rate (HR) & Pulse Rate (PR).
  •  GLU (Blood Glucose) & UA (Uric Acid).
  •  GLU Strip 50pcs/bottle & UA Strip – 50pcs/bottle.
  •  Urine Analyzer & 11 items urine test strip 100pcs/bottle.
  •  Dry Biochemical Analyzer & Blood lipid strip 15pcs/bottle & Adapter.
  •  Hemoglobin Analyzer & HB strip 50pcs/bottle.
  •  WBC Analyzer & WBC strip 100pcs/bottle for 100 persons..
  •  ETC

Lafiya Cloud Hospital – A Telehealth System At Best

The Proliferation of Yahoo Yahoo Boys and Ritual Killings in Nigeria

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Henry Ward Beecher, the renowned American clergyman was definitely not referring to some of these days Nigerian children and teenagers when he said during one of his powerful sermons that “Children are the hands with which we take over heaven”, because the proliferation of yahoo yahoo (cyber fraud) and ritual killings for quick money amongst children and teenagers in Nigeria recently, is disturbing. Kids that ought to be innocent are no longer innocent, they are mean and ruthless in their quest for urgent money so they flash on Instagram, drive cool benz and drop unsolicited motivational quotes with their bad spellings and badly constructed sentences. 

Over the weekend, three kids who were barely over the age of nine were recorded and they were narrating how they traveled from Warri to Benin in search of greener pastures; which is joining the Benin based yahoo yahoo apprenticeship school and learning yahoo yahoo. After watching the video over and over again, at first I thought it was orchestrated and staged by the recorders because what the hell, those kids ought to be in nursery school, at most primary school reciting 2*1 is 2 or singing “we are the leaders of tomorrow” nursery rhyme songs but here they are talking about yahoo yahoo; talking about it as if defrauding people is taking golden morn in the morning. 

What can a child of that age do with yahoo yahoo. They are even too young to be able to understand that there’s something called yahoo yahoo which you can make quick money from by stealing and defrauding unsuspecting foreigners. The parents, the guardians and elder siblings of those kids should bury their faces in shame; they have failed those kids. 

Some netizens were even “loling” to the video and some of us are wondering how that video of three kids who just stopped feeding from their mothers’ breast milk traveling from Warri to Benin to learn the trade of fraud is funny. Society should also be ashamed. The society that gives teenagers and youth high class treatment even when their source of income is questionable.

Over the weekend too, about four teenagers were also arrested for having killed a girl who was a girlfriend of one of them, chopped off her head and burnt it for money rituals. These are teenagers that should be in secondary school, learning pronunciations and spellings, learning that the earth is spherical in shape like an egg from their geography classes, but no, they have heard from the social media that school is scam and the quick way to money making is ritual killings.

Nobody is safe, both parents and children are not safe. The high and mighty in society are not also safe. The recent killings for rituals, the eating of human poops for quick money is so disturbing and getting out of hand.

How can you even believe that when you eat human poop or kill somebody you will have quick money. What is the metaphysics behind that, where has it been scientifically proven that poops and human blood brings quick money. What’s the link and nexus behind it?

Parents should do more at parenting. Parenting is an active and full time job. It doesn’t stop at depositing sperm in the ovaries of the woman for the men nor does it stop at pushing out the baby for the female. It’s a lifetime job for both the man and the woman. A parent whose kids ought to be in school is going about looking for who to teach them fraud has failed the kids and the society and should be ashamed.

Society should also start treating teenagers and youths whose sources of income are questionable as criminals, treat them like outcasts. so that the younger generation will know that fraud has no place in the society and it’s totally unacceptable. A youth of 20 years driving a car worth millions with no known source of income should be arrested and questioned instead of being celebrated.

How Firms Can Make A Difference To Global Problems

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If we observe closely, we will notice the presence of global problems around the world, waiting to be solved. Global problems such as climate change, healthcare, human rights, food security, etc. Any business/ company that wants to thrive in today’s world has to be deliberate in creating meaningful and value-added products and solutions that will solve a problem. Once they succeed in solving a problem, that way they will not only make profit but also make a positive impact on the world.

Building an agile organization that is positioned for long-term success, should ensure that there would be partnerships and collaborative efforts to bring innovative products and services to the market. Leading multinational businesses/corporations have understood that by finding solutions to the world’s greatest problems, they can reduce costs, dominate the market, mitigate risks and increase profits.

In solving world problems such as eradicating poverty, solving the issue of climate change, human rights abuse, etc. The national government does not have the full ability and resources to address global problems. Such issues are only addressed by multinational businesses/ corporations, because they have the profit motivation, worldwide influence, and might to tackle and accomplish these purposes.

Lately, businesses that are leading the way ahead of others, are those that are innovating solutions to social, economic, and environmental problems, which has accrued large profits for them. For example, Visa and Paypal have indeed solved a worldwide problem, where they have made it easy to pay for good services, also making it easy to move and receive funds between people. It has been reported that social, economic, and environmental challenges threatening the world today are likely to increase exponentially in the coming decade.

Global problem-solvers are noticed to be doing three things well. Companies/businesses that profit by finding solutions to global problems do three things well:

  1. Include sustainability on the governance agenda: The board of directors has the legal and fiduciary responsibility to ensure the company’s prosperity. The risks and opportunities described here are boardroom issues. Sustainability is a governance matter.
  2. Collaborate with other companies/NGOs: Thoughtfully and purposefully identify and collaborate with NGO/nonprofit partners who bring expertise as well as credibility, relationships, and access to communities where the company seeks to engage.
  3. Engage with stakeholders: They build trust with consumers, employees, investors, and communities where the company/business has a presence.

Any company seeking to make a difference to global problems should look at these areas and more to bring about possible solutions. Companies that discover solutions to global threats have so much to gain. The greatest opportunities for businesses to profit are in emerging markets, especially in Africa. In Africa alone, consumer-facing industries will grow by $400. A 2015 Nielsen study found that brands with a demonstrated commitment to problem-solving and sustainability, grew 4 percent over the year, compared to less than 1 percent growth of their competitors. This reflects consumers’ increased desire to buy from brands that have a positive impact on society.

Where Can We Find The Imo Aircraft?

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In 2017 under the reign of Chief Rochas Okorocha, the people of Imo State were informed by the Government of its intention to purchase an aircraft for the State.

The said aircraft tagged “Imo Air’ was launched by the State’s government precisely on Tuesday, 24th January 2017, after it successfully landed at the Sam Mbakwe Airport Owerri with passengers from Lagos State, at about 12:20pm (WAT). It’s noteworthy that the aircraft had a capacity of one hundred and forty (140) passengers.

Prior to its successful landing at the aforementioned airport, several Imolites and onlookers were of the notion that the awaited feat was likely to be a mirage. At last, their skepticism – which was natural and normal though – was proven wrong by the then Governor who was accompanied to the airport by various top government functionaries.

It suffices to say that the above mentioned date ushered in a moment of ecstasy mixed with astonishment. The mixed feelings were obviously witnessed by anyone who could see through his or her eyes.

Therein, the governor made it known that the number of airlines the State had planned to kick-off with, regarding its interest in aviation business, was five. According to him, four additional aircrafts were on the way, and would soon be equally launched by the ‘Rescue Mission’ administration.

The then number one citizen went further to disclose that the airline business would temporarily be managed on behalf of the State by Dana Airline pending when the state would receive full license to run the business.

It would also interest you to note that the governor reiterated his administration’s readiness towards ensuring that the Imo airport was fully transformed to an International Cargo Airport in no distant time.

He said the April 17, 2017, being the date the State was targeting toward meeting the lofty demand, would never be shortchanged or compromised. Based on his speech, the initiative which was supposedly a Federal Government (FG) project was at the time duly funded by the Imo State government.

The then governor apparently proved to the general public, particularly those who understood what it takes to run a venture in the Aviation sector, that the business the FG had been afraid of going into could easily be initiated as well as managed by a state government.

Actualization of such a feat made Imo to be reckoned the first state across the federation to invest in aviation, especially at a period when every facet of the country was seemingly suffering from economic comatose.

This very accomplishment was strongly propelling my person to believe that one of the expensive statements made by the then Imo governor during the launch of the ‘Imo Air’ was something to behold.

Speaking at the event, Chief  Okorocha wholly told the members of the press, and of course the entire public, that Imo – the Eastern Heartland – wasn’t affected by the ongoing recession, though that was seemingly an overstatement.

Funnily enough, this claim and supposed achievement came when the teeming workers in Imo State were being paid seventy per cent (70%) of their salaries, and there was a sixty per cent (60%) cut from the arrears of pension accruable to the state’s pensioners. In fact, as at then, the retirees were owed several years of pensions by the Government; the story hasn’t changed till date.

We must be mindful of how we speak in any public domain, so that we won’t end up in a crisis when the people are expected to rejoice. I must say unequivocally that such an utterance didn’t augur well for any civil servant or pensioner who was present at that epochal ceremony.

Lest I digress, as at then, I made the Imo State government realize that the aviation business was often characterized by several challenges and intrigues. Yes, a feat was recorded, but it’s imperative to acknowledge that sustaining it ought to be of paramount importance, both to the investor and the beneficiaries at large.

It’s not anymore news that lack of maintenance culture remains one of the major factors bedeviling contemporary Nigerian society, and Imo was no doubt exceptional.

To this end, I therefore advised the government in question to take the day-to-day management of the venture very seriously with a view to ensuring that the basic motive of establishing it was duly actualized.

Diversification was the only way out, and having thought it wise to include the aviation industry in the scheme of things, was arguably a laudable step. But it was pertinent to comprehend that if the government failed to do the needful in the long run, the lofty dream would definitely yield further crises rather than addressing the existing quagmire.

It’s appalling that as I write, no one could presently hear of anything pertaining to ‘Imo Air’ as an aircraft belonging to Imo State. Could it be that it flew away or vanished into thin air after the expiration of Okorocha’s tenure?