In this series of articles, we have examined the various challenges that you will encounter as a start-up founder. In this final part, we provide a summary of the main points made. Enjoy!
Is there a market for your plan?
Your business needs to do more than merely provide a product or service that is nice to have. Do your utmost to make your offering a must have. You can achieve this by focusing your solutions on our core and innate human needs such as health, wealth and love. These markets are both huge and evergreen.
Johannesburg, located in the wealthy province of Gauteng, is the largest city in South Africa. As of 2015, Johannesburg is ranked as one of the 50 largest urban agglomerations in the world, while also being the largest city in the world not situated near a coast, river, or lake.
Mumbai, also known as the Hollywood of India, is one of the most diverse cities in the country because of its large economic market. It is the most populous city in India and ninth in the world with a population of nearly 18.5million. Along with New York, London, and Tokyo, Mumbai is regarded as a Global City because of its global economic system.
Lagos is the largest city in Nigeria and one of the powerhouses in the global economic set-up. As the second-fastest growing city in Africa (after Nigeria’s capital Abuja), the coastal city boasts the highest GDP as well as the busiest and largest port in the continent. As a mega metropolis, Lagos is also the most populous city in Nigeria and Africa, part of which has to do with the expansion activity that has been driving urbanisation in the region since 1991.
Hong Kong is an amazing place for start-up investors and entrepreneurs. The city is located on the southern coast of China, ruled under a one-country, two-systems policy, with ts own distinct political and economic system. There are often comparisons made between Hong Kong and places like Tokyo and SIngapore. There has been an influx of foreign investment in the city due to lax governmental policies for start-ups. The city is an ideal place to do business in Asia, with great growth prospects and a chance to enter into the mainland China market. Business-friendly, stable, and cosmopolitan, Hong Kong opens a world of opportunities for start-ups to earn above average return on investments.