How to Answer YouWiN 4 Question on “YouWiN Award”

This is about the future of the business when you have received the entire amount you are asking from YouWiN.

The questions are:

  • How much money (Naira) do you want from YouWiN? (₦10m maximum)

Break this figure down into relevant categories. Note: a maximum 40% of the total award is usually allotted to Capital equipment, as the remainder of the award must be sufficient to fund operational expenses of a growing business.

  • Capital equipment (e.g. machinery, land, building)
  • Operating expenses (e.g. wages, raw materials, stock)
  • Other (e.g. pre-start. set-up costs, accreditation)

The three costs centers should add up to form the amount you are asking from YouWiN.

To correctly answer this question, you will need to estimate the following:

  • Where do you expect your business to be when you have these funds?
  • How many staff will you have?
  • What will be your capital cost?
  • What will be your expenses cost?
  • What will be your start-up cost?

Here’s a video that explains more explicitly:

Next step – Get Our Complete YouWiN Training Video + YouWiN Application Toolkit … Everything is FREE for you

This YouWiN training video answers all the YouWiN questions from ‘description’ to ‘additional information’. It also offers additional tips for writing a winning YouWiN Application. The training was facilitated by Mr. Omotunde Adeyemi who is a business consultant, entrepreneur and YouWiN awardee.

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How to Answer YouWiN 4 Question on “YouWiN Award”

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