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Ye! Community

https://youtu.be/u2g95FDOLWA

Join this Ye! entrepreneur's campaign to bring healthy food to youth in need!
The Hungry 100

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  1. Juan Carlos

    Juan Carlos

    cool!

  2. Claire Sterngold

    Claire Sterngold

    Ye! Community Coordinator

    lean more about the campaign at https://freshbox.co.za/hungry-100

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Claire Sterngold

Ye! Community Coordinator

https://youtu.be/SB81h2iW7Aw
Ye! video

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Ye! Community

Good morning Entrepreneurs!
Check out these awesome articles on how to raise your networking game!
https://yecommunity.com/en/blog/best-of-the-web-12

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Ye! Community

How's it going entrepreneurs?
Quick Question -
What is the main issue investors state when explaining why they don't want to invest in youth entrepreneur?

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  1. Ye! Community

    Ye! Community

    Ye! Community

    Follow up - How do you think this can best be addressed?

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Ye! Community

This week's hot topic - Leadership: Lessons for young business leaders!
https://yecommunity.com/en/blog/best-of-the-web-11
Check it out now on the Ye! Blog

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Profile picture of Claire Sterngold

Claire Sterngold

Ye! Community Coordinator

Thank you so much Abhishek for volunteering your time to answer all the questions from the Ye! Community. Some really good questions and excellent answers were posted! Thanks to everyone who joined in. Make sure to look out for more coaches participating in Ask A Coach Hour in 2018!

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  1. Abhishek Kothari

    Abhishek Kothari

    Coach

    Citi Employee

    Thank you Claire. It was an immensely fruitful experience. My best wishes to all entrepreneurs. As the Whole Earth Catalog said and Steve Jobs repeated: "Stay Hungry, Stay Foolish" and don't drown out your enthusiasm and zest for life against all odds. The people who change the world are the ones who think they can. Be unreasonable and persist.

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Claire Sterngold

Ye! Community Coordinator

Another entrepreneur asked anonymously: Could you give tips on how to be efficient in terms of tracking revenue and expenses records? Do you have a template we can use for that?

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  1. Abhishek Kothari

    Abhishek Kothari

    Coach

    Citi Employee

    Two great books i read on the topic are "The Cash Flow Quadrant" and Rich Dad, Poor Dad" by Robert Kiyosaki. Having said that, a number of templates are available online to help you start thinking about categorizing your revenue and expenses (e.g. https://templates.office.com/en-us/Budgets). The first tip is discipline. track your revenue and expenses almost everyday if you are a really small business. Second, use off the shelf and free accounting software so you dont have to reinvent the wheel (zip books, quick books are two i know). Third, think of business budget as your own personal budget. I would also recommend taking online classes from lets say Khan academy on accounting 101 if you have time.

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Profile picture of Claire Sterngold

Claire Sterngold

Ye! Community Coordinator

Another entrepreneur anonymously asked: How do you build a network as a startup or small business owner? How do you gain the trust of the client? People often feel young entrepreneurs don't have enough experience to be trusted. How can we as young entrepreneurs work against this idea?

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  1. Abhishek Kothari

    Abhishek Kothari

    Coach

    Citi Employee

    Sometimes, you start a grassroots movement by working at the grass root. You need to test your product / service with friends and friends of friends who will spread your word around. Action speaks louder than words. Once you have demonstrated value with immediate friends and family, they will be your ambassadors and spread the word around. After that, listening to every single client and making sure you consistently exceed their expectations will build trust. Remember reputation takes years to build and one mistake to break.

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Claire Sterngold

Ye! Community Coordinator

Hi Abhishek,

Thank you for taking the time to join the community and volunteer your time.

One entrepreneur asks anonymously: How can Agribusiness entrepreneurs in developing countries (Africa) build a sustainable enterprise since it is difficult for them to have collateral which is essential for BANKS and other financial providers? what alternatives are available to them to access finance?

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  1. Abhishek Kothari

    Abhishek Kothari

    Coach

    Citi Employee

    Hi Claire, Thank you for your question. Almost every entrepreneur who started small had to raise funds from friends and family. That is the most oft cited source of funds. Second, co-operative banks, community credit unions, affinity groups and microfinance and non banking finance corporations typically serve clients not served by big banks. Thirdly, the entrepreneur can start generating revenue from a few clients and demonstrate "proof of concept" which can be a great way to crowdsource in case the location in Africa has crowd sourcing. Lastly, angel investors and wealthy individuals who identify with your mission are also another option.

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Ye! Community

What does the future look like? According to Ye! entrepreneur Irving Amukasa it involved tech and health working seamlessly together! Check it out https://yecommunity.com/en/blog/chronicles-of-a-bot-startup

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Agroecology & Entrepreneurship
Our favorite article of the week!
https://yecommunity.com/en/blog/best-of-the-web-6
Now live on the Blog!

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Ye! Community

https://youtu.be/7jcYXkpe-ao
What Is Seed Funding?

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Ye! Community

Ye! Community

Hi everyone! A quick poll question:
Why did you decide to become an entrepreneur?

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Show earlier comments
  1. Vivianne Woo

    Vivianne Woo

    I wanted to be my own boss :)

  2. Suzy Malebogo

    Suzy Malebogo

    I was inspired by my mother, who is also an entrepreneur.

  3. Sarah Lee

    Sarah Lee

    I became an entrepreneur because I wanted the freedom explore my creative abilities and manage myself.

  4. Jos Vlaar

    Jos Vlaar

    Freelance online marketeer

    Normal jobs value me as being a part-time student while as entrepreneur I'm valued for the work that I do and the results I can create!

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