Bootstrapping a disruptive tech company

Presentation at eNigeria 2018

Transcript

1. Bootstrapping a disruptive Tech company in/from NIGERIA by Abdulhakim Haliru - A Masterclass Session - eNigeria Conference on November 6th, 2018
2. Intro ➔ Who is the Speaker ? ➔ Who is this for?
3. Meet Abdulhakim Haliru Software Craftsman Tech Evangelist Chief Technology Officer Le Proghrammeen Solutions Global Sentinel Ltd Mobiqube Ltd Co - Convener WECODE.NG @hakeemhal
5. A FAILURE A DREAMER A DIE-HARD BOOTSTRAPPER
6. What do you get ? Bootstrapping from a Nigerian perspective How Not to run a business Start or Pivot your business
7. Definitions ➔ Bootstrapping in business ➔ Disruptive business
8. Bootstrapping in business Bootstrapping your startup means growing your business without outside funding. It is a series of steps taken to minimize external debt or funding required from banks or investors. It is to rely on your own savings and revenue to operate and expand.
9. Bootstrapping in business Bootstrapping is funding with customer revenues.
10. Being disruptive in business Being disruptive in business implies the innovation or invention of a product or service that changes how a particular sector has typically operated.
11. Disruptive in business
12. Disruptive in technology Disruptive in technology would imply that you have something different from the traditional tech companies.
13. Roadmap to bootstrapping a disruptive business. ➔ Idea ➔ Business Plan/Model ➔ Funding ➔ Collaboration ➔ Execution ➔ Performance Evaluation
15. “Life is too short to build something nobody wants”
16. How did I find out ?
17. SUBSCASTER A cloud based reminder application for freelancers and businesses to MANAGE SUBSCRIPTIONS
20. BUSINESS SECTORS NFL $9.58 Billion Music $15 Billion Fashion $10 Billion Movie $88 Billion FCMG $90 Billion
21. Business Plan
25. How did I find out ?
27. SALES PLAN
28. EXPENSE PLAN
29. INCOME PLAN
30. Funding
31. Collaboration
32. Execution
33. Performance Evaluation
34. Examples ➔ www.therubiqube.com ➔ www.gigalayer.com
35. Therubiqube.com “Africa's premier video Advertising network”
36. Source: therubiqube.com
37. They disrupted online video advertising, by introducing a performance based Advertising system as opposed to the impression based Ads metrics.
38. gigalayer.com
39. Source: gigalayer.com
40. disrupted by building the culture of hosting with Nigerian companies and heavily changed the culture of paying for service online with cards in nigeria
41. Its biggest disruption lies in bridging the gap for business to register their domain names across african continent and extension. They have brought over 12 african domains unlike any provider in that niche.
42. Lessons from Bootstrappers ➔ Ahmad Mukoshy ➔ Mukhtar Oyewo ➔ Abdulhakim Haliru
43. therubiqube.com First lesson, it is hard, very hard but you get to move at your own pace Mukhtar Oyewo, CEO
44. gigalayer.com It is not so hard like most people think or believe. In the early days I thought it is near impossible to build a company without funding, but then so did our forefathers and ventures pre-internet era. Even in this modern day, there are companies making millions of dollars that are bootstrapped. I could mention a few; Mailchimp, GitHub & Basecamp Ahmad Mukoshy, CEO
45. leproghrammeen.com The biggest currency you have to survive on is to continuously learn, stay humble and focus on ensuring you deliver quality and timely services Abdulhakim Haliru, CEO
46. Recession & Survival as a bootstrapper ➔ Consultancy ➔ Smart Trips ➔ Invest in side projects ➔ Network ➔ Volunteer
47. References ➔ Running Lean by Ash Maurya ➔ Building a story brand by Donald Miller ➔ Rework by David H Heinsson ➔ Lean Startup by Eric Ries ➔ Zero to One by Peter Thiel
48. Questions
49. Good luck! To download this presentation .speakerdeck.com/hakeemhal abdulhakim@leproghrammeen.com 080 328 981 22