YouWIN4 First Round Questions

Below are YouWIN4 first round questions.

YouWIN Business Application

 Click here to access my YouWIN4 Success Guide to help you answer all them questions and sample questions

Description

1) Describe your business (20 Words)

2) Select your industry-sector

Marketing

3) What benefits of the product or service enables your business to stand out from your competitors? (50 words)

4) Does this meet a particular need or demand (your competitive advantages, if any)? (50 Words)

5) Name five of your existing or expected top customers, How will you attract these customers to your point of sale? (50 Words)

Management

6) How many new, full-time (or equivalent) staff will be employed in the business 12 months from receiving the first stage award?

7) Describe the benefit you and your proposed staff will bring to the business, including: expertise, track record in the Industry and management experience (50 Words)

 

Product

8) Name your three largest existing/expected competitors. Which, if any, have a localised presence or distributor network? (50 Words)

9) Describe the materials you will need to create your product or service. Are these materials readily available, at the right price and quantity, in your locality? If yes, please describe any relevant information (50 Words)

10) Is there an existing or expected lead time for manufacture, set-up, harvest or breeding? If yes, give estimated lead times for each product? (50 words)

11) What risks or challenges might affect the success of your business, including: licences and accreditations (what can stop you from making this business a success)? How will you reduce or mitigate these risks? (50 words)

 

Profitability

12) What are your current and expected sales within the next 12 months (units and income) ? If there is any seasonality, please explain. (50 Words)

13) What amount of sales, in Naira per month, must you achieve to reach profitability? Amount in Naira, enter numbers only; if none, enter: 0

14) When do you expect to achieve this (how many months after receiving your first grant award)?

YouWiN Award

15) How much money (Naira) do you want from YouWiN? (₦10m maximum)

Amount in Naira, enter numbers only; if none, enter: 0

16) Break this figure down into relevant categories. Note: a maximum 40% of the total award is usually allotted to Capital equipment, as the remainder of the award must be sufficient to fund operational expenses of a growing business.

16a) Capital equipment (e.g. machinery, land, building) Amount in Naira, enter numbers only; if none, enter: 0

16b) Operating expenses (e.g. wages, raw materials, stock) Amount in Naira, enter numbers only; if none, enter: 0

16c)Other (e.g. pre-start. set-up costs, accreditation) Amount in Naira, enter numbers only; if none, enter: 0

 

Financial

17) What is the minimum equipment cost that is necessary to commence trading or expand your business. Amount in Naira, enter numbers only; if none, enter: 0

18) Describe this equipment (30 Words)

19) How much money have you already spent on Capital equipment?

Amount in Naira, enter numbers only; if none, enter: 0

 

20) How much money do you require or expect to need from other sources (i.e.: investors, bank loans, etc)  Amount in Naira, enter numbers only; if none, enter: 0

21) State the progress of any loan application (20 Words)

22) Describe any existing finance loans related to the business (20 Words)

23) How much money will you or your family and friends contribute to the business in the next 12 months.  Amount in Naira, enter numbers only; if none, enter: 0

24) How much money do you plan to take out of the business personally (average amount per month)?  Amount in Naira, enter numbers only; if none, enter: 0

 

Additional Information

25) Please add any additional information / comments that you feel maybe relevant and useful with this application ( 50 Words)Bottom of Form

 Click here to access my YouWIN4 Success Guide to help you answer all them questions and sample questions

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