If you’re a local business owner, you must know from experience that starting and maintaining a business in Lebanon is no easy task. The past few months of 2020 have been a shocking testament to what your business can encounter in Lebanon’s harsh and unstable environment. Working in a pre-accelerator/ Incubator, I come across many thriving startups and business owners. The number one trait that helps them succeed as entrepreneurs, is their ability to wear many hats. You see, as a business owner, you’ll find yourself dealing with many aspects such as Sales, Marketing, Legal operations, Customer Relationship Management, Consumer Behavior, HR, among many others. Unfortunately, not all business owners have the time and capacity to pick up all these skills so quickly, And needless to say, as an SME, you don’t have the funds to hire employees to handle each of these tasks.
One thing that can serve you greatly in such a case, is guidance. Having the proper guidance can be the difference between your startup’s failure and its success. For this very reason, we decided to launch our Business Empowerment Unit, a program that focuses on helping local businesses grow and scale.
Here are 6 Ways our Business Empowerment Unit can help you grow your business:
1. Access to Funding
It’s no coincidence this is number 1 on our list. There’s no denying how important funding is for your business’ growth that’s why we’ll be helping your business with fundraising by providing you with $2,000 to $10,000 in funding and exclusive access to grant opportunities along with our network of angel investors. this will include providing you with the technical support needed such as preparing your financials, your company valuation, and term sheet as well as your investor pitch.
2. Access to Markets
To grow, you need to start thinking outside the box, the box being Lebanon in this case. Once you’re paired with your Business-Coach and you’ve set up your go-to-market strategy, our program can help you set sail across the Mediterranean sea by providing you with access to local & regional markets through our Startup Corridor (a market access service). Of-course this will include broadening your digital presence as well by providing your business with social media support and featuring you in our online videos, newsletters, and not to mention providing your business with physical and online exposure at our biggest annual event, Tripoli Startup Forum.
3. Access to HR
A Business is as strong as its team members. That’s why building the right team is always crucial for the success of your business. We will help you build a team with the right skill set by giving you the first pick of our Rainmakers Program graduates. In
addition, we can provide you with candidate referrals and job postings on our social media channels.
4. Optimizing Operations
One of the trickiest things about managing a business is creating the right system to manage your operations. Luckily you won’t have to worry about that too much because you’ll have full access to TEC’s internal dashboard, along with personal training & maintenance. This will allow you to administer relationships and operations with your suppliers, clients, team members, and track your sales and KPIs. You’ll be granted a free subscription to our in-house custom designed dashboard developed by our innovation team.
5. Legal, Accounting Services, & Government Relations
Getting paperwork processed in Lebanon or just dealing with the government for that matter is a big headache. A headache that our Legal & Accounting Clinics will handle on your behalf. They’ll be dealing with company incorporation, contracts, organizing relationships with governmental entities, as well as Tax & NSSF declaration.
6. Risk Mitigation & Resilience
What about the current crisis? As I mentioned at the beginning the current crisis has taken a toll on Businesses all around Lebanon. Therefore, our priority will be to prevent your business from experiencing any serious damage from the current crisis. The Business Empowerment Unit focuses on mitigating the risks arising from the economic crisis by building a resilient business model to help your startup/ business survive and maintain its operations.
If you’re interested in applying for our Business Empowerment Unit?