AfricAspire

IMPACT


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Project Impact

The success of this initiative will be measured by:

  • The number of businesses launched or improved
  • The financial growth of participating businesses
  • Increased employment opportunities within communities
  • The number of businesses securing further financial investment

We aim to generate lasting economic benefits for entrepreneurs, their families, and their communities.
By focusing on long-term sustainability, we ensure that these businesses grow beyond just meeting their founders’ immediate needs, creating jobs and contributing to local economies.

 

Feasibility Assessment

Our feasibility study outlines our essential understanding of the project's potential success, identifying any challenges that may arise. Below are the key aspects included in our assessment:

Market Analysis: This involves an evaluation of the current economic environment in targeted African regions, identifying gaps and opportunities for small businesses.

Financial Viability: This includes estimating the cost of providing services (e.g., website development, coaching, branding) and identifying potential funding sources from UK grants, charitable trusts, and foundations. It also involves projecting potential income for entrepreneurs after receiving training and support.

Operational Capacity: A review of the logistical and staffing requirements necessary to deliver the project effectively, including digital platforms and local partnerships in Africa for on-the-ground support.

Risk Analysis: Identification of potential risks, such as internet connectivity challenges for remote coaching or economic downturns affecting entrepreneurs' markets, along with mitigation strategies.

 

 

 

 

 

 

 

 

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