Ultimate guide to get youwin awards 2015-2020 -step by step process
What is youwin? Or www.youwin.org.ng?young entrepreneurs now have startup guides that befits them getting grants to start up or expand their business
Are you thinking of the youwin application for 2015,2016,2017 or 2018 and beyond? This project is a scheme set up by the government in relation with other partners and stakeholders. The youth enterprise with innovation (youwin!)
The president of Nigeria Dr. Goodluck Ebele Jonathan has ensured that this youth with innovation enterprise scheme a.k.a youwin project comes to fruition. I have dedicated this site to ensuring that the youth business entrepreneur are motivated to successfully get the awards because I know that youwin winners are going to be on the increase. The previous youwin winners are also doing their best to ensure that everyone will not only apply but also submit their youwin application.
This blog post will show you exactly how to get the youwin N10 million grant awards organized by the federal government of Nigeria.
Who may register?
You must be between the ages of 18 – 40 years.
It means you must be a man.(joking)
you need to be able to face competition in anything you are doing.
This means that all youths who are still undergraduates and those who have completed their degree programs will qualify as long as you are within the age bracket. I believe that this youth business scheme in Nigeria will continue for 2015, 2016, 2017 2018 and up till 2020.
This is good news. During the first cycle , about 100,000 youths registered . Although it was only about 25,000 that submitted their business plan. Read my article on youwin application here.
How do you apply- what’s the application process?
There is a step by step approach for this . Firstly, its registration is free. You need not pay any amount. You can get the latest youwin news on this blog here or at their website on www.youwin.org.ng.
You will only fill the necessary details about yourself. Remember that you must have an email address. This email address will be used to send you periodic information about your submission. if you have never gotten an email, you may open a Gmail account here.
Youwin login information
Keep your login information safe. Your youwin login information are the email address you used when you applied and the password you entered. I encourage you to write them in your personal diary. This is how the login page looks like. See image of youwin login below.
The ultimate guide dissected- step by step approach
Find a profitable and scalable business
I have heard aspiring entrepreneur say they have found lucrative business idea. You should always ask. Is my business profitable?
By this, i mean; is money being made there? Look for other business owners and find out if they are really making money.
I like to look for r a business where existing owners are making millions. This will guarantee that one day, I will make that much or more.
You have so many gifts in you. Do not chicken out to choose a business where you will struggle.
You don’t want to struggle to make profit do you?
I have carefully written a piece on how you can find profitable ideas. You can check it out here.
Let the business idea sink
Let the idea sink. Let it rest for sometimes. Think it over and over again.
You don’t want to mumble words when someone asks you a question relating to the business you want to do.
Many people are only concerned about getting the money.
They want to be a youwin winner.
There is nothing wrong being a winner in this youth business scheme organized by the federal government of Nigeria.
Before this will happen, why not plan and prepare for it.
Sleep over the business idea for two weeks.
Don’t rush into conclusion. Let it enter your heart.
Be sure it is what you have settled to do.
No one should force a business on you because of money.
Find a business idea and let it sink.
If you are not satisfied, then pick another business.
Find your competitive advantage.
Your competitive advantage is what keep you in the business.
What is a competitive advantage?
It what will make me buy from you when there are other sellers selling the same product.
There is a guy that sells pepper where I live. I usually buy from him. The reason is that I love his manliness. He is simple and honest. The other sellers have more pepper than him but I still prefer his own.
I have sometimes bought from the competitor but later regretted it.
He does not know why I buy from him but..
So you competitive edge is the reason why we should do business from you.
Find it out before you open shop.
Do begin a ‘me too’ business. Be different. I talked more about it in this post.
Start small and raise the initial capital
You will love my article on how to start a small business from scratch.
Anyway for the purpose of this youth business project, look for a business you would employ more people.
You will be asked in the youwin interview. The panel of the youwin interview will ask you how many people you will employ.
So therefore, if you are going to employ people, then consider it during your research.
Otherwise begin small.
You can start a business using your home address. Right there in your house.
But I advise you to go ask for the amount of renting a shop or office.
Find out the cost.
For the youwin project, you need to rent a place or an office.
For your startup with little capital, please use your house.
A business plan is not a guarantee of business success. It’s a guide and map.
Please get a copy of the youwin business plan.
You can download it on this website here.
There are many aspect of the business plan that requires attention.
Again certain things you need to consider before the youwin application submission.
Go through the business plan taking notes
After you have downloaded the business application
Spend some time to go through it.
Avoid common youwin mistakes
You may allow someone to guide you through the planning process. This is the recommended approach.
No one should write a business plan and hand I over to you. I may be a shortcut but its will eventually lead to failure. Avoid rushing to apply. There are many years ahead. Plan pray and prepare.
Launch out for your initial research
Visit other businesses
Do not stay in a corner and say that you have carried
Research of the nature of the business you really want to go into. Adequate research usually brings out lots of hidden cost and threats. These are the things you will discover which might not have been considered.
Find a mentor- the reason why
You need a mentor. A coach. I understand that not everyone would get one but it still a necessity. What he does is to guide you through the whole process. Same with what I am doing at his site. Without a mentor, you will do the whole on your own. There were some who succeeded without a mentor. Having a mentor increases you chances of getting the youth enterprise wit innovation scheme awards.
Prepare for the interview questions
Several interview questions will be asked when you qualify for the initial selection. The purpose of these is to ensure that candidates who applied are ready to start. They want to know if you know what you are saying . people can apply for com
Be the mover
Registering a business with the corporate affairs commission in Nigeria is a fairly easy process. I have detailed this process in one of my post. Read more info about business name
Pray and prepare
Don’t even think of opening shop if you have not believed that there are forces against your idea . I have seen a lot of things happen to other entrepreneurs and they are my lessons.
Pray, fast and pray again.
Ask simple questions
Finalize the business plan
Look at the executive summary
Get your records straight
How many people will you employ in a month, six months?
A micro enterprise will employ 6-10
A small business will employ 30-60 persons
A large business will employ about 100-100,000.
Rejoice with the winners
Youwin nigeria winners know that its worth the effort. You need to dream big to be among the youwin winners.if for any reason you were never selected, then you should begin the business and plan for next cycles of 2015, 2016, 2017, 2018,2019,2020.
Now that you have all about the youwin, when do you think you may now begin your business from scratch