Nyamuka Zambia 2016 Application Advice Clinic
Application Advice Clinic Timetable TIME & DURATION ACTIVITY 08.30 09.00 (30 mins) Registration 09:00 09:10 (10 mins.) Welcome & Introductions of participants 09:10 09:55 (45 mins.) About the NZBPC, the Application process, Eligibility Criteria, Key Dates 09.55 10:00 (5 mins.) Q & A 10:00 10.50 (50 mins.) Filling the Application & Business Concept Forms & Disqualification Criteria 10.50 10.55 (5 mins) Short Break 10.55 11.40 (45 mins) The Four Pillars to business success & Reviewing Application Guidance 11.40 11.45 (5 mins) Q & A 11.45-12.00 (15 mins) Nyamuka Zambia Misconceptions, Key Facts & Next Steps 12:00 13:00 (60 mins) One-to-One Sessions (pre-booked) - 12 applicants max.
Welcome and Introduction Self introductions (Names only) Facilitators introduce themselves and their role Ensure all Participants have completed Registration Forms House rules (for participants at clinics & workshops) - mobile phones on silent and no calls out during sessions - late comers cannot ask questions on what they missed - Keep questions & contributions brief and to the point - One-to-One sessions on first come basis - max 12 - respect each other and others viewpoints
Workshop Objectives By the end of the workshop participants should have: Learnt about the Nyamuka Zambia programme Understood its application process & critical timelines Understood its basic Terms & Conditions, eligibility and other key competition criteria (in application form) Learnt the rudiments of business planning 4 Pillars Started thinking critically about their business idea and their ability to implement the idea and it make it happen Received one-to-one support (pre-booked) to further explore your idea in confidence with Facilitator
What is Nyamuka Zambia? A business plan competition where people apply to submit their business ideas & concepts and the best ones can win a substantial cash prize to help set up or scale up their business 20 Winners and 20 Cash Prizes Top prize K250,000 lowest K75,000 A programme that encourages talented entrepreneurs to come forward and take their business to the next level Increasing economic diversity by encouraging ideas and people from all sectors to apply
What is Nyamuka Zambia? Encouraging WOMEN to apply as they make great entrepreneurs! Women only clinics & workshops Lots of free support and advice to all applicants to ensure quality and feasibility of ideas. Everyone is a winner! Nyamuka Zambia is an initiative under Private Enterprise Programme Zambia funded by UKAid
Aims of Nyamuka Zambia To find people with great business ideas and help them turn those ideas into reality with solid support and cash prizes To kick-start a solid pipeline of talented local entrepreneurs To change attitudes towards entrepreneurship to make it a positive first career choice To reward and champion excellence and innovation so only the best win Cassandra Mtine (4 th ) Towani Clarke (3 rd ) Judy Siyambango (1 st ) online groceries fashion mango processing 3 of the top 5 winners of Nyamuka Zambia 2015 were women
How does the competition work? Phase I - Submitting the idea - Applications Short, structured 2 page business concept form submitted Free advice clinics and business essentials workshops to help prepare Phase II - Developing the business plan Semi Finalists Independent judging select 60 Semi Finalists from Phase I One-to-one support from advisers to develop full business plan Phase III Refining & Pitching your Business Plan - Finalists Independent judging to select top 20 finalists from Phase II Further one-to-one support to finalise business plan and prepare for pitching it to a top panel of judges in The Game Plan TV show Phase IV Implementation & Awards Disbursement - Investment planning to set up your business & further business support
How does the Nyamuka Zambia business plan competition work? MARCH - MAY 2016 JUN AUG 2016 AUG OCT 2016 Submitting the idea Developing the business plan Finalising business plans and allocating awards 600 Applicants 60 Semi-Finalists 20 Winners Launch of Nyamuka 10 th March 2016 Marketing/PR Campaign in Lusaka & Copperbelt 600 entries expected 75 Free Business Clinics & workshops to support applicants 60 semi-finalists selected One-to-one business planning support National Business Conference with Panel & Expert sessions Networking Expert support & mentors for winners Game Plan Television Show to select top five winners Prestigious awards ceremony-grand Finale Further business set up support
Who Can Apply? Eligibility Criteria Anyone over 18 years of age on 29 th April 2016 A Zambian Citizen or Resident The proposed business or idea should be based in Zambia Propose a new business idea or an added value expansion of an existing business. If existing business it should have less than 50 employees Applications can be submitted by either an individual or a group. All group members must meet all eligibility criteria Only one person from a group participates in all competition events and processes from start to finish
Nyamuka Zambia 2016 Key Dates PHASE I 10 th MARCH TO 6 th JUNE 2016 10 th Mar - Programme launch 10 th Mar - Application period opens 21 st Mar to 20 th April - Advice Clinics 29 th Mar to 26 th Apr - Business Essentials Workshops 29 th Apr 17:00 Hrs. Application period closes 2 nd to 31 st May Independent Judging of applications 6 th Jun - Announcement of Semi-finalists
Nyamuka Zambia 2016 Key Dates PHASE II 9 TH TO 17 TH AUGUST 2016 9 th Jun - Graduation ceremony for 60 Semi-finalists 10 th Jun to 8 th Jul One-to-One Business support begins 12 th Jul deadline for submission of Phase II Business Plans 18 th Jul to 12 th Aug Independent judging of Business Plans 20 th Jul Nyamuka National Business Conference 17 th Aug Announcements of 20 Finalists
Nyamuka Zambia 2016 Key Dates PHASE III 19 th AUG TO 7 th OCT 2016 19 th Aug Graduation ceremony for the 20 Finalists 22 nd Aug to 5 th Sep Finalising the Business Plan 7 th Sep Deadline for submission of final Business Plans 21 st Sep Pitches by the finalists to the top panel of Judges (the Bench) in the Game Plan TV Show to select top five 7 th Oct Announcement of Winners & Grand Finale Awards Ceremony
Nyamuka Zambia 2016 Key Dates PHASE IV OCTOBER TO DECEMBER 2016 24 th Oct 2016 31 st Mar 2017 - Awards disbursement process begins Monitoring & Evaluation Quarterly for 12 months to Nov 2017) Business Support & Mentorship Vouchers Scheme in place to support implementation & set up Creating links with other PEPZ components and networks Communicate success stories and marketing
ANY QUESTIONS?
Applying to Nyamuka Zambia All applications must be physically submitted at an official Nyamuka Zambia application processing centre in Lusaka, Kitwe and Ndola Each application must be accompanied by an entry fee of K150 and receipt will be issued Each application must be signed in front of an application advisor by 17:00 on 29 th April 2016 Each applicant will have a unique ID number
Nyamuka 2016 Application Advice Centres Private Enterprise Programme Nyamuka Headquarters No. 5 Katemo Road Rhodes Park, Lusaka Zambia Chamber of Commerce & Industry A10 Financial Lane Showgrounds Lusaka Note ZACCI is only for workshops WECREATE Zambia Nyerere Community Hall Kuku, Chawama Constituency Chawama, Lusaka Kitwe Chamber of Commerce Kantanta Street, next to Mukuba Pensions House House #8 Kitwe, Zambia. Zambia Development Agency (ZDA) - Information Resource Center Annex Building opposite Lottie House Cairo Road, Lusaka, Zambia Ndola Chamber of Commerce and Industry Industrial Area (Opposite Coates Brothers- In the Unity Foods Premises) Plot 3292 Ulengo Road Ndola, Zambia
How to fill in the Application Form? Keep to 2 sides of A4 in the Business Concept form Keep within the prescribed format of the business concept form and NO personal information in it Use minimum font size of Arial 10 for electronic entries Keep within boxes DO NOT OVER WRITE The Business Concept form will be the only thing that will be used for judging
How to fill in the Application Form? A Good Business Concept Form will. - Refer to the Application Guidance Notes (download from website) - Answer each question fully - Explain in simple terms the key aspects of the business (we cannot read your mind) - Keep it simple, short and sweet less is more!
Examples of Business Ideas My business idea is Farming My idea is to set up a courier delivery service for the central district of Lusaka that will use people on motorbikes to guarantee same day delivery for a fixed price by distance and quantity with a money back guarantee if don t deliver WHICH ONE??
Ingredients of good Business Ideas Good business ideas will be Innovative Show potential for sustainable growth Are Feasible and Executable Owned by the Entrepreneur (not written by a business adviser) Are focussed and targeted Meet a real demand in the market or create a new demand (e.g. Apple Iphone)
Disqualification Criteria Criteria for disqualification Applicant does not meet basic eligibility criteria Applicant refuses to comply with the Terms & Conditions of the Competition Business Concept form is in font size less than Arial 10 in typed or electronic copy Application form submitted is more than two pages long and not in the prescribed format within boxes Illegible application -in case of a handwritten form Applicant directly related to Competition Promoter creating an unfair advantage
Criteria for disqualification Disqualification Criteria More than one business idea submitted The idea just does not make logical sense/no focus A question on the business concept form is left blank and unanswered or one line answers. Writing outside the prescribed boxes in the business concept form Personal information put into the Business Concept form that could identify them or their business to a judge.
BREAK 11:00 See you very soon
Four Pillars of good Business Planning Strategic Planning the big picture & the entrepreneur within Marketing your business and reaching customers Operational Planning and Resource & Risk management Financial Planning & management
Reviewing The Business Concept Form 1. What is your business Idea? 2. Why do you think your idea will win the competition? Why do you think you can make your idea succeed? 3. What experience and skills do you, or anyone involved have, to help you develop this ideas into a successful business? 4. Is there any one else already providing the service or product? How will you compete with them? 5. How do you intend to put this idea in practice? How much time will you need? 6. Do you think there are any risks involved in developing this idea? How will you find a way of avoiding or overcoming these risks? 7. How much will it cost to put the idea into practice? Where do you propose to get the capital to start your business? 8. How much money do you think you will make from this idea?
Guidelines on Filling the Concept Form Refer to the guidance notes on how to complete the business concept form Go through each question in the Business Concept form and the guidance notes for it Refer to the Terms & Condition as noted in the application form Refer to Nyamuka Zambia website for more info www.nyamukazambia.com Call Hotline 5066 to register & apply
Misconceptions, Key Facts & Next Steps
Nyamuka Zambia - Misconceptions Nyamuka Zambia is making easy money from applicants by charging an entry fee? Running a competition of this nature costs millions of Kwachas the entry fee is only a drop in the ocean. Real reason is to discourage people seeing Nyamuka as a lottery so they can put anything down on the application form and hope to win. This clogs up our system and costs us even more money as we have to administer each application. Fee encourages more quality applicants. Our free clinics & workshops alone would cost participants at least K300 if they had to pay for them.
Nyamuka Zambia - Misconceptions Nyamuka Zambia will sell our ideas and make money out of them? Nyamuka Zambia has robust due diligence procedures and we make all our business advisers & judges sign Non Disclosure Agreements that prevent them from talking about or sharing applicant ideas. Remember its not just the idea that counts - more important is your ability to execute the idea and run the business an idea is only the start of a long journey! If you really want to win you have to make that idea a reality and you cannot do this with it under your pillow
Nyamuka Zambia - Misconceptions The Judges will only chose people they know and as usual its going to be an inside job? Nyamuka Zambia is very fair and transparent competition and the success of the last round proves that ordinary people from all over Zambia can win. We have very strong due diligence procedures and checks to catch people out if they cheat. All Business Advisers & Judges sign a Conflict of Interest agreement that bars them if they know an applicant. We separate Personal Info from Business Concept Form so judges do not know who the person is ID no. only.
Nyamuka Zambia 2016 - Key Facts A Competition - not a Lottery Hard Work Pays Six Months from start to finish Dedication 20 Winners! Top Prize K250,000 and 19 other Cash Prizes - Lowest Prize K 75,000 Free One-to-One mentoring & support throughout Free business support clinics & workshops for all Independent Judging & strong due diligence Application Centres in Lusaka, Ndola & Kitwe
Next Steps Complete the workshop evaluation forms Potential applicants book to attend the Business Essentials Workshops Continue fine tuning your business idea Stay focused & motivated remember Everyone is a Winner Submit your applications by 17.00 hours 29 th of April, 2016
Nyamuka Zambia 2015 Winners
Thank you Supported by Part of info@nyamukazambia.com www.nyamukazambia.com