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My full assessment

Set up and Planning

  • Assessed the value of the market
  • Interviewed potential customers
  • Created a prototype
  • Tried to sell to customers
  • Neutral
  • Confident

Market Research

  • Confident
  • Confident
  • Confident
  • Neutral
  • Not confident

Finances

  • Neutral
  • Neutral
  • Confident
  • Neutral

Sales

  • Confident
  • Neutral
  • Neutral

Operations

  • Neutral
  • Neutral
  • Confident
  • Neutral
  • Neutral
  • Neutral
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IE

Idongesit Emenyi Entrepreneur

Location AMAC, ABUJA, Nigeria
Venture Industry Financial/Insurance Services
Languages spoken
  • English
Recent Activity

What I need help with

My background as an entrepreneur

My current challenges

HOW TO REACH OUT TO ENOUGH CLIENTS. IT IS CURRENTLY TIME CONSUMING AND COSTLY BECAUSE OF NEED TO FIND THE PERSON TO DISCUSS THE PROPOSAL

Actions I’ve taken so far

I HAVE TRIED TO RECRUIT FRIENDS TO GIVE ME THEIR CONTACTS AND I HAVE PERSONALLY MARKETED SOME CAR OWNERS. BUT THE RESPONSE HAS NOT BEEN ENCOURAGING. POTENTIAL CLIENTS ARE SKEPTICAL

My future goals

TO GAIN ENOUGH CUSTOMERS THAT ON A DAILY, WEEKLY AND MONTHLY BASIS, I WILL HAVE BUSINESS IN THE OFFICE TO PROCESS

My motivations to work with a mentor

I BELIEVE MY MENTOR'S IDEAS, EXPERIENCE AND GOODWILL SHOULD GIVE ME A BOOST


About my venture

RENSHALL CONSULTING

AS AN INSURANCE AGENT, I KNOW VEHICLE OWNERS ARE REQUIRED TO RENEW THEIR PAPERS ANNUALLY. I THOUGHT ABOUT ADDING CONVENIENCE TO THIS TASK BY BEING ABLE TO PROVIDE BRIDGING FINANCE FOR CUSTOMERS OR HELPING THEM TO RENEW ON DUE DATE. THUS, I WILL NEED TO SOLICIT AND OBTAIN A POOL OF CAR OWNERS AND WAIT TILL RENEWAL TIME. SINCE I KNOW THE FIXED COST OF RENEWALS, I HAVE TO CHARGE ABOV E THAT TO EARN A PROFIT. BUT HOW MUCH ABOVE AND WHAT MARGIN SHOULD M Y PROFIT BE?

Countries of operation: Nigeria