Idea factory

2021-10-29 13:19:34 #ElevatorPitch #WeeklyContest #PitchYourIdea

InduCertAll by @IBJ_Tegee Tegene Garedew

Idea:
All in one Industrial Professional training and certification center

Problems:
Industrial certifications such as PMP, CCNA, CAPM etc. became major requirements for employers the reason for this is formal education is assumed to be more theoretical.
But most of the certifying companies don't have enough training, testing and certification centers in Africa,notably in Ethiopia. Even though some exist, they give the raining service only.
- The payment for the exam is in dollars this is also very expensive for local people
- The payment out of the country is very restrictive in Ethiopia

Potential:
There are 58 universities and 677 programs in Ethiopia, we can partner with all of this universities, and each university graduates at least 1000 students each year,and if there are at least 100 certification programs. a minimum of more than 6 million certifications each year. Open / Comment

2021-10-29 12:11:54 ​#BusinessEducation
Elon Musk’s principles of success

Recently Elon Musk has become the richest person on Earth. The stock price of his company Tesla soared a week ago. This resulted in his fortune growth, which has exceeded $185 billion. So, Jeff Bezos had to yield to the space genius, and no wonder why. Elon Musk possesses comprehensive experience and ambitions. These are the business principles he follows.

Money is not the case
This is a key thing about how Musk views business. During one of his interviews Elon admitted that he wasn’t aware of how big his fortune was. The billionaire doesn’t mind the aspiration to wealth, though he is driven by something different.

Musk is not intended to die rich. He is going to spend most of his money on something extraordinary like a base on Mars.

Follow what you like
That very base on Mars explains what exactly Musk considers the key to success. For example, Elon created SpaceX because he was dissatisfied with the insufficient scale of the American space program.

When Musk was trying to develop the company, he was obsessed not with an idea to earn money but to send a person to space. The major motivation of the billionaire is his passion to solve technical tasks.

Don’t fear to set big aims
One of Musk’s companies peculiarities is extremely bold tasks they solve. He is willing to make a revolution in the automobile industry, colonize Mars, build superhighway trains, and it’s not the complete list. Elon is sure the majority of startups are incapable to accomplish large-scale tasks.

Many businessmen prefer to move by small steps. That’s why most companies change their products very slowly and don’t dare to think about something innovative. Though, that’s the key to success — think big.

Don’t be afraid to risk
In order to reach success, you have to be ready for risks. Musk knows it like nobody else. He went through a financial crisis. Elon was in two minds: to keep the money or invest them. He preferred to risk — Musk chose the second option — and it paid off.

Screw criticism
Many people enjoyed Elon’s fails and gloat over them, which used to make him upset. Competitors didn’t take his ambitions seriously, but considered them mere arrogance.

However, Musk kept going and was eager to achieve his goals even more. When SpaceX was being created, no one believed in its success. It happened, though.

Enjoy
Musk is a true workaholic: he works for 120 hours a week on Tesla Model 3. Nevertheless, now he seeks to rest more. Frequently he was right in the center of scandals due to his ambiguous tweets. Elon did a bunch of absurd things: called the pandemic a foolishness, promised to get rid of all his property, and named his son X AE A-12.

However, all this hype didn’t prevent him from becoming the richest person. Anyways, we can’t but admit his geniality whatever hype Musk is going to do next.

Which Musk’s advice do you find the most useful? Text in the comments Open / Comment

2021-10-28 17:42:18 ​#StartupNews
TradingView: how to create a social network for traders worth $3 billion

Country: Russia
Business model: social media
Valuation: $3 billion

Over the last year the number of users has increased by 240%. Now TradingView is monthly visited by 30 million users, which makes it the most popular website for traders in the world. Major entrepreneurs like Sam Yagan have invested in the company. Let’s work out why they succeeded.

Concept
TradingView provides an interactive trading platform. Users can make posts, comment on each other, like and subscribe to interesting authors. This way users can put charts with the freshest stock data: both traditional and cryptocurrency. According to Pierce Crosby, TradingView CEO, the users may not only trade but also analyze market information, discuss it, and share ideas.

The startup has also a particular monetization model. Advertising brokers, stocks or bonds would be an obvious choice. TradingView decided to sell a subscription, though. There is one free subscription and 3 types of paid ones with additional functions.

Advantages
Paid tariffs show expanded analytics: new types of diagrams, combining tools on the same chart, etc. System is very powerful, indeed, overpacking Google and Yahoo Finances. The recommended tariff costs $30, though the traders are supposed to earn $10,000+ on it.

How it began
The company was established in 2015. The founders are Ivan Konstantinov and Denis Globa. Their idea was to help people learn about markets by means of discussions. The first office was in a Russian port city — Rostov-on-Don. The startup qualified for TechStars and signed contracts with Microsoft and CME. In 2017, TtadingViews was recognized as the best analytical platform.

Investments
In 2018, the company raised $37 million from such funds as Insight Venture Partners, DRW Venture Capital и Jump Capital. Over the latest investment round, TradingView managed to attract $300 million. The major investor is Tiger Global Management.

Thanks to new investments, the startup plans to develop the brand all over the world and also integrate with the largest broker firms.

Why do you think TradingView became the coolest platform for traders? Share in chat Open / Comment

2021-10-28 15:02:23 #MonthlyPitch #PitchYourIdea

Dear community,

Every month we arrange Monthly Pitch — a contest among weekly winners for the best business idea. The monthly winner receives $1,500.

We already have 4 Monthly Pitch winners! @Naolio1 @shevashadow @MahovMah @izaa_a_k

Besides the cash reward, we also give each of them certificates about the victory.

Sounds cool? Submit your idea to us to give it a try Open / Comment

2021-10-28 14:18:57 #ElevatorPitch #PitchYourIdea #WeeklyContest

@SsalongoJWK Joseph Kasedde

Twin-fi
Idea:
COVID-19 pandemic got me thinking. Governments across the world rooted for Home Schooling through eLearning platforms but many of them are data intensive and many students especially in some African countries, Uganda in my case were left out. The government was looking at use of radios for this exercise but it was a terrible failure. This got me thinking why not come up with a community based wireless internet solution where students and work from home benefit most. The average cost of internet in Uganda is insane: for $1 one gets 500MB which is a total loss.

Problems:
Twin-fi is a community based internet connection program to run in Kampal.Given the high costs of internet connectivity, Twin-fi focuses on bringing fast cheaper internet to key focus groups main Work from home and Students

Potential:
The possibility of this idea are endless especially considering the service will be setup near university areas. Open / Comment

2021-10-28 13:32:27 #WeeklyContest #PitchYourIdea #ElevatorPitch

General body fitness by @Nandi042 James Ochieng

Idea:
Am planning on giving free advice and encourage the general audience that there is always life after a fight
Depression, Stress, Obesity, keeping fit. I will also be offering guidance and counselling to the youths and motivating them on life issues

Problems solving:
Currently my country is experiencing alot of suicide and killings and mostly its the youths. To help the people solve problems without a fight

Potential : Reaching out to all audience and enable them help each other. Because we rise by lifting others Open / Comment

2021-10-28 12:20:06 ​#BusinessEducation
Stripe: easy rules to become a platform №1!

Stripe is an American technology company that develops solutions for receiving and processing electronic payments. It was created back in 2009 by two brothers from Ireland, John and Patrick Collinson, who are billionaires now. There’s no doubt their payment system is on a wave of success. In the last round of funding for online payment service Stripe, it raised $600 million, with an estimate of $95 billion.

But how did they achieve such a magical result “from zero to hero”?

There’re the 5 rules which were applied at the very start of the project:

1. Simplify
Look for ways to get rid of intermediaries. The shorter the path from you to your target
audience. Before Stripe appeared, vendors had to go through convoluted systems and lengthy procedures. This is what inspired the Collins to start a business!

2. Make friends
Stripe can be easily connected to almost any online platform - and it makes life a lot easier for users too. You should definitely take from it and look for partners so that you can cooperate on favorable terms.

3. Please you customers
Unlike PayPal with its complex payment system, Stripe brings a minimum of discomfort to its users - it «works from the shadows». It allows you to involve not only experienced clients, but also those who know nothing about bank transfers. As a result everyone’s satisfied!

4. Hire the best
And here we are talking not only about cool competent specialists. Find the employees with the best human qualities too — this is how you can create an atmosphere in which you want to work and which attracts talented people.

5. Be the default setting
Perhaps the best idea for your future startup is to become the №1 option for your clients. Stripe has become such in the field of accepting online payments - and it is difficult to overestimate - hundreds of thousands of transactions are carried out through the service by default!

Which advice do you consider the most helpful? Share in the comments Open / Comment

2021-10-28 10:52:27 #ExpertTips

Paul Lupi is our regular mentor. He possesses a wide business expertise and valuable knowledge about startups.

Today Paul shares his own experience in entrepreneurship. He tells you about what kind of entrepreneur mindset you should have and why it’s important. Paul also speaks about the mistakes entrepreneurs are likely to make.

Check it out! Open / Comment

2021-10-27 22:16:33 IDEA FACTORY official pinned a video Open / Comment