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    If you can't answer these questions

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    Paschal James

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    If you can't answer these questions

    Uploaded by

    Paschal James
    4 views8 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views8 pages

    If you can't answer these questions

    Uploaded by

    Paschal James

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    innovateafricafund

    If You Can’t Answer These


    Questions… You Probably Don’t
    Have a Startup Yet
    innovateafricafund

    1 What problem does your


    startup solve?
    Clarity on the core problem you're solving is
    the foundation of your startup. Without it,
    you're just another idea— not a solution.
    innovateafricafund

    2 Who are your customers?


    Identifying your target customers is essential.
    Who is your product or service solving for?
    Who are you creating value for? Your audience
    is the backbone of your product or service.
    innovateafricafund

    3 How will you make money?


    You need a clear revenue model. Will you
    monetize through subscriptions, one-time
    sales, or something else? Know your path
    to profit.
    innovateafricafund

    4 What’s your unique value


    proposition (UVP)?
    What makes your offering stand out in the
    market? A compelling UVP differentiates
    your business and attracts both customers
    and investors.
    innovateafricafund

    5 Do you have product-


    market fit (PMF)?
    Without PMF, your startup won't scale.
    Are your customers loving your product
    and willing to pay for it? If not, you have
    work to do.
    innovateafricafund

    6 How will you scale?


    Scaling isn’t just about increasing
    production; it’s about a strategy for
    growth. What resources, systems, and
    plans do you have in place to expand?
    innovateafricafund

    Ready to take your startup


    to the next level?

    If you’ve got answers to these questions,


    you’re on track. If not, it's time to refine
    your approach and build for growth.

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