Progress records
4
Stage of your startup
Paying users
When did you start
August 2015
City
Accra, Greater Accra Region, Ghana
Definition in 1 sentence
An online school designed to assist candidates.
Elevator pitch
Our program cut across assisting clients both in formal and informal school system to attain success in their academic pursuit.it equally motivate the participant through rewards for excellent performance. This enables us to attract more participants to enroll into our programs
Are you incorporated?
Yes
Category
Enterprise, Software
Sector
Education
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
Product Demo Video Adress
Video Password
Startup Presentation
Other Documents
Image gallery
Why do you want to attend this program?
To Meet with investors. Who can help improve the quality of education in Africa
Create Date
Wednesday, August 26, 2020 04:10 (Obed Kofi Asiedu)

Business model

Describe the problem you are solving
Publicity and how they can use the system. African students are new to the computer age. So they face a lot of challenges when using smartphones and computers to access our platform
How are your customers solving that problem today?
Routine training of new students, makes it easier for them to access the system.
Target custormers - Define customers, who are they
Students and Businessmen
How do you plan to acquire customers?
School to School Campaign, Radio and Television, social media campaign
What is your revenue model or expected revenue model?
Subscription to our weekly Learning programs. one time Enrollment into our specialty courses and others.

Market info

What is your target market?
500,000 students at the end of the year
What is your total available market size
$ 1,600,000,000
What steps have you taken to validate the market?
Proper orientation and school to school campaign.
Do you have competitors? Please write down the names
Competitor name
Competitor website
Competition: write down competitors and explain
So far we have not seen any competitor yet
Who are your competitors and how are you different?
Traction / KPIs
What progress have you made in the last six months?
We have moved from 2 customers to 122 and still rising
How many customers/users do you currently have?
120
What is your monthly growth rate?
%15
Describe traction
our weekly voucher sales has increased by 20% in the last 3 months while our specialty course enrollment is up by 40%. Positive reviews and testimonials has also increased by 30% over the past three months
We have more than 1000 installation of our recent app on play store with 80% active users

Finance

How much runway do you have left(Month)?
My startup is profitable
How is equity divided?
Equity type
Name surname
Email
Equity
Founder
Obed Asiedu
% 70
Angel Investor
Sampson Abbey
% 15
Co-Founder
Shadrack Koranteng
% 15
How much money raised since start?
$ 6,000
Revenue lifetime
$ 4,000
Last months revenue
$ 750
Investment round
Angel round
Target fund to raise
$ 150,000
Equity on offer
% 40
Number of employees
15
Other info Write bullet points (Grants, prizes, acceleration)
Add more comments
Our App upgrade is set to be completed by September 25th. we are adding new features like result checker, school forums and fund raising features

Team

Owner member
Yes
Member role
Founder
Name surname
Obed Kofi Asiedu
Title
BS Academy
Education
Bachelor Degree
School name
KNUST
Birthdate
14 September 1990
City
Accra, Greater Accra Region, Ghana
Short Bio
I Am very good at Human Resoirce Management, web developing and Marketing
Owner member
No
Member role
Co-founder
Name surname
Obed Kofi Asiedu
Title
Bs Academy
Education
Bachelor Degree
School name
KNUST
Birthdate
14 September 1990
City
Accra, Greater Accra Region, Ghana
Short Bio
I Am very good at Human Resoirce Management, web developing and Marketing
Meeting story with Cofounders
We are Brothers
Working together time
23 years
Owner member
No
Member role
Co-founder
Name surname
Sampson Abbey
Title
Bs Academy
Education
Bachelor Degree
School name
ACCRA INSTITUE OF TECHNOLOGY
Birthdate
11 July 1985
City
Accra, Greater Accra Region, Ghana
Short Bio
Am very skillful and passionate about what I do
Meeting story with Cofounders
Is a brother since childhood
Working together time
Fifteen years
Owner member
No
Member role
Co-founder
Name surname
Shadrack Koranteng
Title
Head Marketing Manager
Education
Bachelor Degree
School name
KNUST
Birthdate
12 July 1997
City
Accra, Greater Accra Region, Ghana
Short Bio
I AM GOOD AT MARKETING AND HUMAN RESOURCE MANAGEMENT
Meeting story with Cofounders
We are brothers
Working together time
Since childhood almost 15 years