By peter oluka
The last edition of CFA’s Startups Hangout for 2017, was held on Friday, November 24, 2017 at Adna Hotel, GRA, Ikeja. The edition featured a Pitch session two Startups pitching.
Before the Pitch session, however, the invited speakers at the event, John Obaro, MD, SystemSpecs, (Remita) and Jane Egerton-Idehen, Country Manager, Avanti Satellite Communications , gave the attendee Startups some nuggets on what and what not to do, if they want to successfully run their Startup businesses.
First to speak was John Obaro, MD, SystemSpecs, (Remita). John was full of praises for the CFA team for organising the Start-ups Hangout.
He gave a vivid illustration of the power of technology, when he revealed that he had to resort to the use of the Google Map to guide him through the heavy traffic to arrive at the venue of the Hangout event, way ahead of some members of his staff that left the office earlier than he did, but we’re still stuck in traffic.
John, then, gave the Startups 19 nuggets that can assist them to run a successful business and also, to scale.
Some of these nuggets, as analysed here, include the fact that the Start-ups should be ethical in their approach to doing business and also have integrity. He admonished the Startups not to cut corners if they want to play for the long haul.
John also emphasised the need for the Startups to respect their employees, even though, they pay their salaries, as they cannot do the job alone.
He also stressed the need for the Startups to learn to work hard, stating that, being an entrepreneur calls for giving 24 hours attention to the business and they should not see it as an 8:00am to 5:00pm job schedule, if they want to succeed in it.
Another critical nugget that John passed on, is the fact that the Start-ups should get legal advise, all the way through the journey of their business, so as not to run into problems along the way. He also advised the Startups to learn to walk away from business deals that, in the end will make them lose focus of their objectives and goals and then, bring problems to the business, sooner or later.
“Not all jobs are for you, although, they may look attractive”, he stressed. He, however, agreed that this could be a tough call for a budding Startup, who needs to keep body and soul together as well as keep his business afloat, but he advised that they should be smart in choosing.
Startups should pioneer their own solutions, according to John. “It’s nice to copy, but it is better to be a pioneer. Pioneer your own solutions. Learn to carve out something distinct”, he encouraged the Startups.
Jane then, took the stage. She gave a different perspective to the whole scenario, when she stated that she was going to talk about her failure story, so that the Startups could learn what not to do. “Many successful entrepreneurs, always talk about their success stories and say nothing about the business they tried out, but failed in”, she stressed. “I am going to talk about a business I tried my hands on and failed in, so that you can learn what not to-do from it”, she explained.
Jane said that she started a business with some of her friends some years ago, called Moma, a fashionware outfit that pregnant women can patronise to get fitting wears for themselves during pregnancy. The first blunder that she and her partners made, was that none of them knew about fashion design processes.
She stated that, not until she started negotiating with factories in China and in India and she started to hear some fashion designing terms that were strange to her, that she now had to attend a Fashion Design school to keep herself up to date. According to Jane, the first lesson to learn, therefore, is to know the business you want to go into, in and out.
Jane also stated that, when the business was failing and there came a time to make a choice as to whether to source for more funding or wind down the business, she realised that her friends who were her partners were not interested in acting on any of the options and she stated that she just had to walk away from the business, preferring to lose all her investments instead of destroying friendship.
The lessons to learn here, she stated include the fact that, no matter who you are going into business with, whether they be your friends or whoever, always have a Memorandum of understanding drawn before you commence the business. Do not overlook the legal aspects of your business as this could be crucial in defining a lot of things in future.
Jane ended by saying that, as an entrepreneur, Startups should carve out time for their business and not just leave it solely for their Managers to run.
Out of the three Startups that were shortlisted and invited to participate in the pitch session, only two showed up. The two were Touchabl.com and wokkaholic.com.
Touchabl, according to Gabriel Eze, the Founder/UX Designer, is a platform, where you can instantly search for anything in a picture by touching it. He explained the attributes, traction, income and profit potentials, etc., of the business as well as what the business will be needing to move on to the next level.
Likewise, Victor Tams, Founder/CEO of Wokkaholic.com, explained that the platform is one, where professional skill-based services, such as graphic artists, etc., can be sourced. He also explained the modus operandi of the business, attributes, traction, income and profit potentials, etc.
At the end of the day, it was decided that the two Startups, who incidentally both came all the way from Port Harcourt, be given the opportunity of featuring in an interview with me on Tech Trends on Channels Television.
Ehi Braimah, the chairman of Neo Media & Marketing Limited, graced the November 2017 edition of the CFA’s Startups Hangout with his attendance.
The November 2017 edition of CFA’s Startups Hangout was sponsored by TAMS and Remita.
The organizers thanked the Media partners, Guardian Tech, NigeriaCommunications Week, Connectnigeria, ITPulse, Cyber Africa and Technext.ng for their continued support in publicising the event for the benefit of the numerous Startups.
Watch out for the next edition of CFA’s Startups Hangout @ http://startups.cfatech.ng
Shell to Sack 9,000 over Oil Output Drops
Shell said on Wednesday that volumes of both Liquefied Natural Gas and crude production were down in the third quarter.
The oil major disclosed this in an update to the market, which also detailed plans to cut up to 9,000 jobs by the end of 2022 as it adjusts to the COVID-19 price collapse, according to S&P Global Platts.
Upstream production of oil and associated streams was significantly down in the quarter, in a range of 2.2 million to 2.3 million barrels of oil equivalent per day, from 2.6 million boe/d in Q3 2019.
LNG output was down in a range of 7.9 million to 8.3 million metric tonnes for the quarter, compared with nine million mt a year earlier.
In the update ahead of a full results statement on Oct. 29, Shell said its oil sales in July and August had reflected a 15-20 per cent discount to Brent pricing, similar to the second quarter, and its LNG business in the quarter had suffered a ‘significant impact’ from a lag effect in the oil-linked pricing of LNG.
It also highlighted refining weakness, with a utilisation level of just 64-68 per cent and margins “significantly lower” than in the second quarter 2020, and said it intended to reduce its refining footprint globally to less than 10 sites.
On its restructuring plans, Shell said, “Reduced organisational complexity, along with other measures, are expected to deliver sustainable annual cost savings of between $2.0bn to $2.5bn by 2022.
“This will partially contribute to the announced underlying operating cost reduction of $3bn to $4bn by the first quarter 2021.”
Worldwide job reductions of 7,000 to 9,000 are expected by the end of 2022, including 1,500 people who have agreed to take voluntary redundancy this year, Shell said.
It also said production levels in both the upstream business and the LNG business had been lower than in the second quarter, partly reflecting seasonal maintenance, but also the impact of hurricanes in the US Gulf of Mexico.
Western Digital Unveils Speed, Portable SanDisk SSDs
Western Digital Corp. yesterday released two new SanDisk® portable SSDs that offer nearly 2x the speed over previous generations. The SanDisk Extreme® and SanDisk Extreme PRO® portable SSDs are purpose-built to keep up with today’s high-quality content demands.
Professional photographers, videographers and enthusiasts capture and keep life’s best moments every day and they need reliable solutions that perform on the move at astonishing speeds.
With capacities up to 2TB*, the new NVMe™ drives are perfect for creating amazing content or capturing and moving incredible 4K and 8K footage with ease.
The flagship SanDisk Extreme PRO portable SSD features a forged aluminum chassis made to stay cool under the pressure of a heavy workload and a durable silicone design to withstand the rigors of production. The drives also help keep content safe with password protection and an upgrade to 256-bit AES hardware encryption1.
“When every second counts, I need fast and powerful solutions that work as quickly as I do. I rely on SanDisk SSDs to keep up with my creativity,” said Tyler Stableford, SanDisk Extreme Team member.
“As an artist, speed is one of my greatest strengths, and I know with the SanDisk Extreme line of SSDs, I can get the job done with greater efficiency and capacity, and I never have to worry about running out of memory wherever the job takes me.”
Rugged and Powerful SSD Performance
Designed with professionals in mind, the new SanDisk portable SSDs were built to reliably handle the most challenging assignments – whether at home, in the office or out on location.
The SanDisk Extreme portable SSD is a great go-to drive for those who need more memory and a durable and fast drive, while the SanDisk Extreme PRO was built for an avid pro who needs even, sustained performance and a drive that can go anywhere.
“For our customers, life is an adventure and they rely on us to raise the bar across our portfolio when it comes to delivering powerful solutions to consumers and professionals alike,” said Brian Pridgeon, director of marketing, Consumer Solutions, Western Digital.
“The SanDisk brand is trusted by professional photographers worldwide, which is why we built our Extreme family of drives to perform at the highest level. We amped up the speeds with the latest NVMe technology and used robust materials in our designs to handle the best shots and the most demanding jobs.”
- SanDisk Extreme PRO Portable SSD
– Save time storing and transferring data with powerful NVMe solid state performance featuring up to 2000MB/s** read and up to 2000MB/s** write speeds.
– A forged aluminum chassis acts as a heatsink to deliver higher sustained speeds in a portable form factor.
– Up to two-meter drop protection and an IP55 rating2 make the drive tough enough to take on any adventure. The drive’s forged aluminum chassis and silicone shell design offer a premium feel and added protection.
– Helps keep private content private with password protection and an upgrade to 256-bit AES hardware encryption1.
- SanDisk Extreme Portable SSD
– Get NVMe solid state performance featuring up to 1050MB/s** read and up to 1000MB/s** write speeds in a portable, high-capacity drive that’s perfect for creating amazing content or capturing incredible footage.
– For added durability, the drive features up to two-meter drop protection and IP55 water and dust resistance2.
– Durable silicone shell that offers a premium feel and added protection to the drive’s exterior.
Ready to move, consumers can use the handy carabiner loop to secure the drives to a belt loop or backpack for extra peace of mind. The new drives are compatible with PC and Mac computers.
In addition to moving content to a PC or laptop, the new products also now allow users to back up mobile content quickly and easily thanks to compatibility with a range of USB Type-C™ smartphones.
The SanDisk Extreme and SanDisk Extreme PRO portable SSDs are backed by a five-year limited warranty3 and are now available at the Western Digital Store, and at select e-tailers and retailers worldwide.
The SanDisk Extreme portable SSD is available now in 500GB* and 1TB*, and is expected to ship in 2TB* later this holiday season. The SanDisk Extreme PRO portable SSD is available now in 2TB*, and is expected to ship in 1TB* later this holiday season.
ID Africa Announces ‘Neusroom Untold’ In Celebration Of People, Places And Events That Have Shaped Nigeria’s History
In celebration of Nigeria’s 60th Independence anniversary, ID Africa, Marketing, Media and Technology company and media platform, Neusroom have announced the Untold project, a collection of 78 stories about important people, places and events that have shaped Nigeria’s history and some little known facts that are yet to penetrate mainstream consciousness, especially amongst young citizens.
Nigeria was under colonial rule from 1900 to 1960. Sixty years after independence, the country has survived a civil war, endured eight military coups and rule, and grown to become one of the most populous black nations on earth. With a GDP of $376.3bn, and $1.2 trillion PPP, Nigeria is ranked by the IMF as the largest economy in Africa. But many of the stories, ideas, and events that can unite, motivate, and inspire the mostly youth population appear to have been forgotten.
The Untold project is in line with the Neusroom’s long-term mission to research, document and publish important stories about Nigeria and its people.
The collection includes the work of six Neusroom and Netng writers published over the past two years, and are being presented to the world in honour of the country’s 60th year of breaking free from colonial rule.
At a critical time when access to historical facts and verifiable information on some of Nigeria’s most important people, places and events has become a challenge for the younger generation, Neusroom is taking a position as a reliable information outlet by providing the public with credible, verifiable, and objective information about Nigeria and other African nations.
The Untold project includes profiles of some of Nigeria’s most revered and celebrated personalities such as potter Ladi Kwali, and Alimotu Pelewura, a fish seller who led Lagos market women’s protest against colonial masters. It also includes the detailed account of how Kudirat Abiola fought valiantly to ensure her husband’s mandate as elected President was returned to him, and how Samuel Okwaraji slumped and died on the football field while representing Nigeria.
Events and places such as the Nigerian Civil War, the Oyo town where every household has a set of twins, and the Kiriji war which is popular as the world’s longest ethnic war that pitched powerful Yoruba towns against Ibadan, also make up a part of the collection.
The collection which will be updated quarterly, is aimed at serving as a source of entertainment, knowledge and insight, in easily digestible formats, for today’s youth and future generation of Nigerians.
Speaking on the idea behind the project, ID Africa CEO, Femi Falodun says, “We are using Nigeria’s 60th Independence celebration as an opportunity to share some of the most remarkable stories we’ve curated over the past few years with a wider audience of young Nigerians who may not have previously known about these people, places and events.
Our ultimate goal for the Neusroom Untold Project is to document obscure parts of Nigeria’s past and recent history in short multimedia formats that are interesting, easy to read and readily accessible to anyone on the internet. And as history is constantly being made, we believe that this project will always be work-in-progress.”
Ayeni Adekunle, founder and publisher of Neusroom and Netng, said, “With The Neusroom Untold Project, we are celebrating Nigeria’s journey as a progressive nation with a spotlight on all of its important contributors whose stories may have been lost in the archives or not being told at all.
“We have and will continue to put together, through a thorough editorial process, this project which reflects the country’s rich history, achievers and events that particularly young Nigerians will find interesting and useful.”
Since it was founded in 2015, Neusroom has been a trailblazer in telling the most relevant and impactful Nigerian stories. In June 2020, the ID Africa-owned platform unveiled The Neusroom 100 Project, in recognition of 100 people, organizations, countries, and things helping the world fight the pandemic and flatten the COVID-19 curve.
Shell to Sack 9,000 over Oil Output Drops
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Western Digital Unveils Speed, Portable SanDisk SSDs
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