providing solutions to challenges of the 21st century
Adebayo Alonge emphasizes the importance of discipline in fundraising for startups, highlighting three common mistakes founders make. He advocates treating fundraising as a continuous process, leveraging warm networks for introductions, and focusing on customer revenue as the best pitch. Founders should know when to walk away from unproductive investor engagements.
In reflecting on his consulting career, Adebayo Alonge emphasizes the importance of understanding market architecture to identify opportunities, particularly in closed markets. He transitioned from consulting to entrepreneurship, founding companies that deliver essential services to underserved areas. His journey underscores the need for moral clarity in building solutions that serve the overlooked.
Cold chain failures cost the world $35 billion annually, wasting up to 50% of vaccines and contributing to significant food loss. This issue arises not from a lack of technology, but from misdirected investments favoring developed markets. Solutions include decentralized solar-powered units and integrated models serving both health and agriculture, emphasizing necessity over luxury in healthcare infrastructure.
The author challenges the notion that speed and distance are opposites, advocating for a unified approach to tackling systemic issues like counterfeit drugs, financial exclusion, and energy poverty. By sharing resources across ventures, the author demonstrates how diverse projects can coexist under a single trust architecture, leading to significant impact and financial success.
In 2016, Adebayo Alonge founded RxAll, initially developing an AI-powered spectrometer to combat counterfeit medications. Despite early struggles, a pivot during COVID-19 turned RxAll into a comprehensive pharmacy workflow platform, enhancing success and profitability. By addressing pharmacies' operational needs, adoption surged from 5% to 92%, solidifying their market presence.
I walked away from ten million dollars because the cost of staying was higher than the cost of leaving. Capital that compromises your governance is not investment. It is a hostile takeover disguised as a handshake. Not all money is good money. Some money costs far more than it pays.
As a small business owner have you ever reflected on why you respond to issues in the same way all the time? Do you know that by learning more about yourself you can create the freedom to act in new different ways? Tell me what you would do differently in testing new ways of responding … Continue reading Try New Styles of Leadership as a small business owner
Small business owners need to set out time to plan for the year. Even just 3 hours of setting goals will make a big difference. How will you set goals for your business this year? Tell me in the comments. #smallbusinessowner #smallbusiness #entrepreneurship #africa #adebayoalonge #goalsetting #fyp #harvard https://youtu.be/F8FtLgY-rqk?si=HS-nk7vX_NczBGMd Goal setting helps small business owners … Continue reading Goal Setting for Small Business Owners
Businesses should engage with politicians so as to ensure viable policy environments for their businesses to grow. As a small buisness owner how will you work with politicians to grow your business? Tell me in the comments. https://youtu.be/dguyzOLDJQc?si=N-CtEwDcwAAeG7Jy
Happy New Year! GeoPolitics will present a major risk to scale up startups in 2024. What should entrepreneurs and small businesses do to ensure their businesses thrive in this era of increased geopolitical tensions? Let me know your thoughts in the comments. #entrepreneurship #smallbusiness #africa #geopolitics #adebayoalonge https://youtu.be/IbsXGhIP9iU?si=m_esCPRlOsj4J__a Businesses will need to navigate geopolitics in … Continue reading Geopolitics is major headwind for business in 2024
