VENTURES AFRICA – Perhaps, investing in stocks and bonds will never be obsolete, as with the right strategy, substantial increment awaits all that invest in the stock market. However, if you have never hit it big in the stock market and you have money to spare, why not take a good look at investing in startups.
Although there is no foolproof – the danger of losing money is ever present, a firm grasp of industry dynamics and the right investment, may guarantee a Google value for your investment.
As 2012 wraps up, with 2013 on the horizon, more innovative technology startups are emerging with hope to solve one problem or the other, and in the process make millions in profits. Thus, If you are going to invest in startups, it should be on middle or long term basis as most startups are not going to start making money until couple of years’ sweat and piecing the right team.
Below are some positives for tech startups in the coming years;
– The Increasing Internet Access: As more people get online in Nigeria, more opportunities open up to serve various needs online. More underground broadband internet cables are being laid than ever and should guarantee cheaper and quicker internet access in the coming years.
– Relative Low Barrier to Entry: Traditional brick and mortar businesses are more difficult to get into but starting a tech business most times will, apart from the startup capital, require only domain, hosting account, little office space and one or two good developers/programmers.
– Relatively Low Employees Needed: I was involved with a startup that had only two full time staff and that consisted of the founders. Many startups get off fine with very few employees and still turn out profitable.
Techmeetups launches the Guru Program to help Startups & early stage companies with mentoring on all aspects of your Business.
Limited spaces are available – book your place on the Guru Program now to attend in London or remotely from anywhere in the world.
