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Building a Business w/Girls Startup Global Business Entrepreneurship Accelerator

Writer's picture: Seeds ScholarsSeeds Scholars

Updated: 7 hours ago


Apply to the Girls Start Up Global Entrepreneurship Accelerator Competition

At Seeds of Fortune Inc. we consider you the next generation of leaders. The Girls Start Up Global Entrepreneurship Accelerator Competition will assist you in setting up and growing your business that will impact the community in which you live and the world around you.


Businesses are created to meet a need in the world, usually these needs come from problems that everyday people want/need solutions to make their lives more productive.


Join our 3-week online accelerator in April designed for young women ages 16-22 from Ghana, Nigeria, Kenya, UK, Canada, & Caribbean. Take the leap toward becoming a global change-maker & submit your business. Develop entrepreneurial skills, refine your business ideas, and pitch your venture for a chance to win $1,000.


Directions:

Please review every section of the article at the end submit your responses via our apply link to enter the competition to be considered for $1000 USD.


 


Step I: Starting Your Business Idea


Adenike Ogunlesi is the Founder and Chief Responsibility Officer of Ruff 'n' Tumble, a leading designer and retailer of children's clothing based in Lagos, Nigeria. Established in 1996, Ruff 'n' Tumble today has stores across Nigeria and is known as an indigenous premium brand with designs inspired by African print fabrics.


Starting Your Business

1b. Name 3 problems you would like to solve in the world, community, or neighborhood.


Learn about Wawa Gatheru Journey to start Black Girl Environmentalist

1c. Narrow the 3 problems you listed above to ONE problem you would like to solve.


 
Step II: Building a Solution


When solving a problem you have to decide if your solution will come in the form of a product or service. 


Product: A good, idea, method, information, object or service created to serve a need or satisfies a want. It has a combination of tangible and intangible attributes (benefits, features, functions, uses) that a seller offers a buyer for purchase. For example a seller of a toothbrush not only offers the physical product but also the idea that the consumer will be improving the health of their teeth.


Service: A product overall is an object or substance that is up to sale where as a service is more of system supplying a public need such as communications or transport.


2a. Select if your business is a Product or Service


 
Step III: Statement of Purpose

Nigerian American Founder, Olamida Olowe Topicals
  1. Please include the below:

    1. The aims and objectives of your business

    2. The services you provide or product.

    3. The needs your service meets.

    4. Your contact details.

    5. The places where services are provided.


 
Step VI: Competition


  1. Who are your competitors?

a. Please list at least 3 competitors: Direct, Indirect, and Replacement


 
Step V: Resources
In Nairobi, Kenya, Jihan Abass has staked everything on her new business. Already the CEO and founder of a tech platform enterprise, she is now branching out into digital insurance products. In Jihan’s Venture, filmmaker Seydou Mukali plunges us into Jihan’s world of revenues and risk, supply chains and sales, growth and ambition, to see what it takes to make a business succeed. Seydou Mukali is a writer and director based in Nairobi, Kenya, with more than a decade of production experience. His directorial debut, Veve, was licenced to Netflix and MNet and his documentaries have been screened worldwide.
When developing your business you need to know how and where to manufacturer your products and services.

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Entrepreneurs Highlights
Founded on November 26, 2022, Brielle Cosmetics in Accra, Ghana, redefines luxury beauty with its cruelty-free, vegan products. Combining elegance with sustainability, the brand quickly gained recognition, including features in British Vogue in March, April, and May 2023, just months after its launch. Brielle Cosmetics offers a range of hydrating lip glosses, lip care products, exquisite lashes, and pigmented lip liners. Each product enhances natural beauty while promoting ethical and sustainable practices. Gabriella Nokoe, known as Gabrielle, drew inspiration from her parents' dedication to academia and innovation. Her journey spans modeling, law, and entrepreneurship. Starting her modeling career at 11, Gabrielle later moved to Kenya for an LLB degree, founded Brielle Model Management in Ghana, and won MISS CUEA 2016/17. In 2017, she launched Brielle Cosmetics, transforming her pageantry-inspired creations into a leading brand. Gabrielle also became the first Ghanaian influencer for PrettyLittleThing and collaborated with top brands like Dove and MTN. A Tony Elumelu Entrepreneurship Awards recipient, she co-founded Zuree Dolls and completed Cornell’s Women Entrepreneurship Program in 2024. Through initiatives like For Her Ghana, Gabrielle empowers women and inspires others to embrace beauty with purpose.

Refined Currency is a global community and content platform founded by London based blogger Bola Sol. It focuses on educating women about feminism and personal finance so they have the information they need to build fulfilling lives in a competitive world.

 
Step VI: Financials



How much will it cost you to make your particular product or conduct your service as well as the amount of profit you will make from your business?

(All businesses have fees and cost associated with them - so conduct research from similar businesses).

Terms to know

  • Expense: The cost required for something; the money spent on something.

  • Item: The materials needed to make your product or service occur 

  • Quantity: How much of that item you will need

  • Costs: The price of each item  quantity 

  • Total cost: The sum of all cost required to create your product or service



Financial Example: Body Butter Creation

Financial Example

Example:

Rene sells body butter, in order to make body butter she must buy: 

  • 2 Shea Butter Stick - $5.00

  • 1 Vanilla Oil - $5.00

  • 1 Lavender Oil - $2.00

Total Cost Equation:

  • ​2 Shea Butter Sticks X $5.00 = $10.00

  • 1 Vanilla Oil = $5.00

  • 1 Lavender Oil = $2.00

​ Total Cost = $17.00

(Continue d)

Pricing:

Total Cost ($17.00) *1.25 = $21.25

Therefore, Rene should price her body butter at $21.25​

Profit:

$21.25 - $17.00 (Total Cost) = $4.25

Rene makes $4.25 off of each body butter

Think about the Price and Profit of your Product or Service

 
Step VII: Marketing is all about the 5 W's


​​Who...needs your product or service?

Ex: women, girls, men, boys, teenagers, moms, or babies

What...do you have to explain to people what your product or service accomplishes for them?


When... is the time and place your business is open as well as launch date*?

Where...is the focus(es) of your product or service location-wise?

Why...was your business established? 

How...will customers find your product or service?


 Adesola Adetoun Ogunsakin, Canadian Nigerian, Entrepreneur medical doctor, became a successful fashion entrepreneur?


 
Step VIII: Build Your Website

If you don't have a website, build Your Website: https://www.wix.com/ What your website must have: 

  • Home Page

  • About Section

  • Product/Service Description Section

  • Pricing Section

  • Contact/Location Section



Submit Responses Below for the Chance at up to $1000.00







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