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The $500K Mindset: What Founders Should Actually Do Right After Closing a Pre-Seed Round

More Than a Cheque Raising your pre-seed is thrilling. You’ve convinced investors to bet on your vision. You’ve secured $500K — or thereabouts — to fuel your journey. But here’s the hard truth: the first check isn’t runway. It’s a countdown. It marks the transition from dreaming to doing. Every decision, hire, product iteration, and…

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Can employee attrition be a problem for African startups?

Building and retaining a motivated, skilled workforce can mean the difference between failure and success in the resource-constrained world of startups. While established organizations may have the resilience to weather employee turnover, startups—often operating on tight budgets and limited personnel—can find high attrition rates devastating. Employee attrition is not just a human resources challenge; for…

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Operating Budget

What is an Ideal Operating Budget for an African Startup?

A resource-constrained African business landscape. This article explores the importance of an operating budget for African startups, the key components involved in creating an ideal budget, and how businesses can optimize their budgets for growth. It will also provide practical strategies for developing a robust operating budget and real-world examples of African startups that have…

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What is a performance appraisal? The ultimate guide for African startups

In the competitive world of startups, maintaining and scaling a high-performing team is key to driving growth. One of the most effective ways to ensure that employees remain motivated, develop their skills, and contribute to business objectives is through a well-structured performance appraisal system. But what exactly is a performance appraisal, and how does it…

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