E20 Model: How Youth With Little Capital Can Start up A Medium Enterprise With 20 Employees (3)

In my first and second post, I introduced and discussed the application of my E20 model. I also stated how a youth lacking capital can start up a solid business which can possibly employ 20 people from the first launch. Now I will explain how this business goes, following this model. 

The fundamental principle of this model, as I established in previous posts, is team work. Teamwork is essential for the success of the business applying this model. Teamwork is defined as the "work done by several associates with each doing a part but all subordinating personal prominence to the efficiency of the whole" In the case of, say, a fashion business, the 5 million naira will be invested in renting outlet, sourcing of material, training of the members in the making of clothes and other expenses. 

Among the 20 owner-employees, one person serves as the CEO, another as the marketing manager, another as the operations manager, another as the purchasing manager etc. Those who are very good at clothe making will take up those duties. The position does not make any member more important than others, and the earnings are equal. Only certain traveling, housing or entertainment allowances will be provided for those occupying certain positions. Basically, the general pay is equal. 

There could be a special case, whereby the capital sourcing among members may not be equal. In this case, few members might bring more funds than others, then the earning ratio will reflect this. And members doing significantly more difficult works have to be specially compensated. It only needs consensus. 

Such business applying this ratio could have a timeline, say exist for ten years, until all have accumulated enough capital, exposure and confidence to strike it alone. Or it could also be a life business, as the members join hands to grow the business and diversify their business interests. It depends on their initial arrangements. 

Foundations, charities and NGOs, honestly seeking to eradicate poverty in Africa can capitalize on this model to help the youths. The assistance could be in the form of management and job training, financial audit, funding and sponsorship as well as educations.

Already, an innovative organisation known as Africa Regenerate, which is a platform for young educated Africans under the age of forty, where they seek creative and entrepreneurial solutions to the poverty issues in Africa, is already using this model. This organisation whose Facebook page is facebook.com/AfricaRegenerate, provides management training, sources for funds and provides free auditing for young African entrepreneurs through the application of the E20 model. 

The E20 model has the capacity to create massive employment and wealth in Africa within a short time frame. It is a simple but highly effective model. I sincerely hope you will employ this model and create your dream of establishing a solid business, even without capital. The E20 model can be applied in any industry and in any business of any size - small, medium and large scale. 

It is particularly effective in collectivist societies like African and Asian countries where people are can achieve their individual goals by working towards the communal goals. In these societies, group success is usually better than individual success. To see it in action, join Africa Regenerate on Facebook at facebook.com/AfricaRegenerate. 

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