THE GROWTH CHALLENGE LAUNCH
MAHLATSE TOLAMO | NOVEMBER 11, 2019
The Gen Africa Growth Challenge will be launched on the 14th November 2019 at 22 On Sloane. This Growth Challenge aims to cultivate; resiliency, a thoughtful long-term approach; mirror market challenges; lastly to acknowledge and celebrate positive performance.
For a startup to succeed, various functions such as product development, pricing, technology, operations, customer service, marketing, finance and HR management must be cohesively performed. Execution of each of these elements has a direct impact on their performance and growth.
Our approach is to focus on the longevity of a startup together with building its capability to grow quickly. It’s no secret that growth matters for any company regardless of size or business stage. Because growth predicts long-term success, our Incubation and Acceleration programmes are tailored to be critical enablers of growth. We understand that in order to create a successful company, our startups must master the ability to transition from one growth stage to the next.
Every month programme participants are given a Financial, Operational, and or Marketing goal which is aligned to their Growth Map. The goal must be accompanied by a strategy and an action plan. Business performance is measured at the beginning as well as at the end of the month/quarter to assess whether the Startups as met the target. In order to win the challenge, the participants must either meet or exceed their goal, as well as outperform (percentage) other participating Startups.
In my early school years, I studied Latin and I bagged a credit on my last diploma exam.
It is with great regret that we have decided to postpone our monthly events during March and April (Startup Huddle, Master classes and 22 On Sloane’s intra networking session). After much consideration, we felt that protecting our community is a priority and it is important that we apply universal and aggressive public measures to slow the spread of COVD19. For our pitching sessions, you have an option of doing it virtually and communications will be made.
The spread of the coronavirus is having a significant, and possibly devastating, impact on the global economy. It’s disrupting nearly every avenue of business, big or small, and sending many stock prices plummeting