HELPING YOU THROUGH YOUR YouWiN APPLICATION PROCESS
GO
THROUGH THIS CAREFULLY AND APPLY IT DILIGENTLY.
Business
Concept Questions
•
How much sales do you make
per month at present, if any
•
How much sales do you
expect to make in 12 months after receiving the award?
•
How much do you expect to
spend in running your business in 12 months after receiving the award?
•
What is your business?
(Please briefly describe your business in 10 words or less, for example,
"Poultry farming"; "Information Technology consultancy
services")
•
Is this a new business
concept/idea or an existing business? (Please note that to be an existing
business, you must be able to show verifiable evidence of revenues or business
expenses for a minimum of six (6) months prior to submitting this application)
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•
Why are you in this
business or want to get into this business?
•
Please describe your
business in detail, including a description of your services or products.
•
What is unique or
innovative about your business? What is new or different about your products or
services?
•
Describe your market--who
will you be selling your products or services to? (including size of the
market, major segments/types of customers, factors affecting the market)
•
Who are your customers, and
how will you reach them?
•
Who are your main
competitors (are there other businesses selling the same products or services)?
•
What makes your products or
services better than your competitors (your competitive advantages, if any)?
•
What type of inputs do you
require for your business?
•
How and where will you get
the inputs for your business (source, price, technology, etc)
•
What skills and / or
experiences do you have to enable you successfully manage the business?
•
Who else will work with you
to manage your business--partners, co-owners (if any)? What skills and
experiences do these people have?
•
What risks or challenges do
you anticipate that may affect the success of your business (What can stop you
from making this business a success)?
How will you reduce or mitigate these risks
•
How much have you invested
in your business, if any?
•
How much will you contribute
to the business in the next 12 months, if any?
•
How much will family and
friends contribute to the business in the next 12 months, if any?
•
How much do you expect from
other sources (investors, bank loans, etc) if any?
•
Beyond the above financial
sources, how much more (Naira) will you required to make this business a
success?
•
How much money (Naira) do
you want from YouWiN ?
•
What will you use the money
for?
•
How much sales do you make
per month at present, if any
•
How much sales do you
expect to make in 12 months after receiving the award?
•
How much do you expect to
spend in running your business in 12 months after receiving the award?
- 6000 Applicants that are successful from this stage will be invited and trained on how to write a business plan and manage business
- These 6000 Applicants will submit a comprehensive business plan and be evaluated
- 1200 applicants will win a grant of between 1 and 10 million Naira depending on their business needs
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