Startups face these 3 major challenges while trying to build sustainable and scalable businesses.
Every business needs to be alert to new opportunities. Companies must continuously strive to identify new growth opportunities such as; investment opportunities, grants and new ways to identify new markets in order to achieve long-term business success.
Every new business idea or existing businesses, whether it's for products or services, require one vital thing: Money. Entrepreneurs need capital to pay for the cost of production, hiring staff, renting premises, buying or leasing equipment, marketing, etc..
The abilities that can help you launch a business are not the same as those you need to help it grow. Entrepreneurs are the driving force behind creating and growing new businesses. All too often, they are also the people holding them back by lack of relevant knowledge.
Nailab works with different organisations from Government, development aid, foundations and corporates that are youth centric to design programs aimed at catalyzing innovations, entrepreneurship and job creation.