S2 Episode 1: How the BAYI Hub Program is Scaling Up African and American SMEs
Temidayo Adebayo is the Founder and Managing Partner of BAYI Capital with experience in identifying and nurturing high-impact investment opportunities in small-to-medium enterprises (SME). The Bayi Foundation arm of the business focuses on developing and supporting the small business community with the right support to breakeven and found their group with limited dilution. Key interview highlights: Where is the “Made in Africa Product”? How many black-owned and managed companies are earning at a minimum $100 M in revenues? For African entrepreneurs, it is important to focus on creating “Made in Africa’ products. There are too few products in the global market that are made in Africa. Black entrepreneurs (no matter where they are located) should focus on building businesses that can become “blue-chip'' companies that sustain and thrive well beyond their founders' lifespan. The Bayi Foundation supports entrepreneurs in the US and Africa in product development and business services. The first person who buys into your product or business idea is YOU! Small business entrepreneurs MUST invest in themselves and their businesses as the first investor if they are serious about growing their business and attracting external investors. Many African entrepreneurs have an inability or unwillingness to pay for business development services that they need to grow their business, which is a major barrier to business development on the continent. Entrepreneurship is another name for a leader, leadership and entrepreneurship are intertwined. Follow the BAYI Foundation on Facebook and Instagram. Thanks for joining us for another episode of the WTF (Africa Edition) podcast. We would love to hear your feedback on the show and how we could improve so please complete this short survey. If you would like to be a guest or sponsor the podcast, please contact us at whereisthefunding@gmail.com. Where to find us: Anchor, Apple Podcasts, Google Play, Spotify, or wherever you get your podcasts. Help us grow: Please subscribe, stream or download, leave a rating or review and share your favorite episodes with family, friends, and colleagues. Follow the WTF podcast on Instagram and like or follow the WTF Africa Edition podcast on Facebook. Follow hosts on LinkedIn: Michelle J. McKenzie and Lydia Nylander Join us for the next episode!