"Many small firms lack the finance and marketing skills needed for firm growth. The standard approach in many business support programs is to attempt to train the entrepreneur to develop these skills, through classroom-based training or personalized consulting. However, rather than requiring the entrepreneur to be a jack-of-all-trades, an alternative is to move beyond the boundary of the entrepreneur and link firms to these skills in a marketplace through insourcing workers with functional expertise or outsourcing tasks to professional specialists. A randomized experiment in Nigeria tests the relative effectiveness of these four different approaches to improving business practices. Insourcing and outsourcing both dominate business training; and do at least as well as business consulting at one-half of the cost. Moving beyond the entrepreneurial boundary enables firms to use higher quality digital marketing practices, innovate more, and achieve greater sales and profits growth over a two-year horizon."
"This guide is intended for entrepreneurs and investors new to the process of negotiating term sheets, one of the first steps to close successful transactions. It is not intended to provide legal advice; instead it is meant to show examples of some common provisions that are not always easy to understand."
"Our ANDE South Africa Impact Management Knowledge Brief provides a summary and resources from the 'Impact Management for the South African social and creative enterprises sectors' project, in partnership with Social Value UK and supported by the British Council's DICE Fund. The project aimed to further understand the Impact Measurement and Management (IMM) landscape in South Africa, with a focus on social and creative enterprises. In the efforts to drive inclusivity and development, the project supported entrepreneurial support organisations that wanted to learn how to better measure and manage their impact and, in turn, support their entrepreneurs when using data to improve their decisions and performance, regardless of their level of exposure to IMM practices."
"Peer networks are seen as important for stimulating innovation and entrepreneurship, but little is known about how the structure and composition of networks affect innovation performance. Researchers compared the effects of face-to-face and virtual peer interaction on the submission and quality of business proposals by individuals from 49 African countries enrolled in an online entrepreneurship course. They found that face-to-face networks and the virtual interaction of groups of entrepreneurs of the same nationality increased the submission of business proposals to a funding competition, but that virtual interaction had no effect when groups were formed with entrepreneurs of different nationalities. Virtual interaction among entrepreneurs of the same nationality was also found to increase the quality of submitted business proposals."
"Producer organizations (POs) provide benefits to smallholders by alleviating market access challenges. However, whether all farmers benefit from a PO is still a question. Limited evidence is available on whether POs are inclusive of poor farmers. Even if the poor join, do they participate in decision‐making? We conducted interviews with 595 smallholder dairy farmers in Kenya. We distinguish three groups; members of a bargaining PO, members of a processing PO and non‐members. We show that membership is related to the structural characteristics of the organization: processing POs favor membership of farmers that are wealthier, more educated and more innovative. As to participation in the decision‐making process: older, male and specialized farmers have a higher chance of being involved than poor farmers. Factors distinguishing farmer participation in decision‐making between bargaining and processing POs are highlighted. We find that a bargaining PO is more inclusive of all groups of farmers, while women and poor farmers are excluded from decision‐making in a processing PO. Our findings contribute to policymaking on inclusive development."
"Opportunity-driven entrepreneurs generate much of Africa's employment, income and hope for a better future. But how are these companies progressing over time? This question is answered in the VC4Africa 2015 Venture Finance in Africa report.
This report captures the performance of ventures listed on the Venture Capital 4 Africa online platform and highlights the activity of investors' part of the network. As the community continues to grow, it is expected this yearly report will lend insights into what is happening across the larger startup space. The report breaks down insights across 5 indicators: employment, performance, investments, investors and ecosystem."
"This report by the Tony Elumelu Foundation focuses on the challenges and opportunities facing young agricultural entrepreneurs. It contains a comprehensive analysis of Africa's entrepreneurial ecosystem and discusses challenges and opportunities that African start-ups face along the agricultural value chain."
"Over the course of twelve months in 2018, we worked on the ground with 15 entrepreneur support organizations (ESOs), interviewed more than 80 ESOs, and engaged more than 1,000 stakeholders, from entrepreneurs to investors to government leaders. We learned that the entrepreneur support sector in Africa has an opportunity for better communication and collaboration. ESOs are growing businesses - much like the startups they serve. We need to focus on resourcing and strengthening existing hubs, rather than creating new ones."
"The study was set in rural markets in Kenya with the objective of testing how the GET Ahead programme affects the profitability, growth and survival of female-owned businesses, and to evaluate whether any gains in profitability come at the expense of other business owners. A year-and-a-half after the training had taken place, a mentoring intervention was randomly assigned among trained women to test whether additional group-based and in-person support strengthens the impacts of training on intended outcomes."
"Timbali Technology Incubator in the Mpumalanga region of South Africa seeks to help rural farmers whose livelihood has been undercut by high-volume large farms. Supported by government financing and fee-based services, Timbali is largely based on a franchise model. Its clients supply cut flowers to Amablom,Timbali’s commercial arm. Individual clients can begin generating revenue almost immediately. Timbali helps clients both onsite and off, training them in business methods and helping them find loans to get started. It is helping clients expand intoother product lines and value-added food processing, and plans to export its model into other parts of South Africa."