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Insane amounts of money recently circulated in the startup market. From France giving a whopping $116m to Nigerian Startups this week, to African Startups raising $156.2m in funding. And just last month, Norrenberger also committed a N500m fund to Nigerian Startups. This is a huge opportunity for Startups in Africa and we love to see it!
Also, there’s a sensitive topic most Founders barely talk about and today, we’re shaking the tables…
What’s in it for You?
- A Silent Struggle We Need to Address
- Your Collaborative Journey
- Be inspired by Alex’s Story
- Discover the Future of Business at the Ibadan Startup Fest’23
A Silent Struggle We Need to Address
Whenever you skim the news, there's a ton of information on improving your employees' mental health, but who remembers yours as a founder?
Nobody expected to wake up on the 29th of September 2022 to find Olalolu Martins, the founder of Bukka Hut gone because he couldn't cope with a loss.
And surprisingly, 81% of founders admitted they quietly struggle mentally but find it difficult to open up.
The founder of Marta, Jeff Parker, passed away similarly.
"For Jeff, there were absolutely no signs," Harlow Parker, his wife of 31 years said.
CareerBuddy understands that as a CEO you may occasionally deal with mental stress in your career, which is usually swept under the rug.
Being a founder can be challenging but it doesn't have to completely burn you out. And if no one has told you, your mental health determines your company's success.
Whether it's the weight of constant decision-making, the pressure of maintaining growth, or the feeling of being isolated at the top, we have practical tips and advice from fellow founders to help you manage your career challenges.
How should you go about this?
- 76% of founders recommend reaching out to your spouse or family. They can provide a safe space for you to vent, express your frustrations, or simply share your triumphs.
- Seeking guidance and support from experienced mentors or a peer network provides you with a safe space to discuss your challenges. Interacting with individuals who have faced similar situations can also help alleviate emotional stress.
- Industry Leaders suggest you slow down or even take time out to recharge; they also advise you to schedule more so you can achieve a healthy work-life balance
- According to a study, coaching has a 221% ROI both financially and emotionally. These professionals can work one-on-one with you to address specific sources of stress, improve coping mechanisms, and provide personalized strategies for managing stress and emotional well-being.
Always remember, it's perfectly okay to prioritize yourself and your well-being.
Corporate Team and Culture
Your Collaborative Journey
You had the option to vote on the poll in the last email, and if you did, chances are you saw the results. Interestingly, 30% of companies revealed they had a 'no whole company mindset,' while 29% identified the issue as lacking a growth team.
The similarity between these responses resonates with Mark Zuckerberg's perspective, underlining the idea that success in your business dwells on creating a collaborative, growth-oriented environment where everyone contributes to the overall progress.
Imagine working with employees who are genuinely excited about what they could achieve together, with no bad blood. Just open connections and open minds, fostering a sense of togetherness no matter where they were.
Now that's the 'all-hands-on-deck' growth team!
Most successful brand teams have this and the best part? they shared how they went about this so you can start yours today.
The Y Combinator Continuity team also has powerful solutions for achieving growth at your company.
Now it’s your chance to transform your team, go make it happen!
Learn from the Best
“I wish more founders realized that they do not have to go through it alone. A range of experts and coaches are much more accessible than founders realize. Working with the right coach can be a game changer to a founder's personal well-being, productivity, creativity and communication.”
- Sherry Walling, PhD Founder of ZenFounder
“As entrepreneurs age, they are better able to put things into perspective and see the bigger picture. To cultivate this ability, founders can practice different mindfulness tricks, my favourite being “and then what”, mapping out the various worst-case scenarios and seeing they are not such a big deal, instead of dwelling on their current stress.”
- Liat Aaronson Chairperson Zell Entrepreneurship Program
Community Spotlight
Alex Udeze is the co-founder of Distress Property Market Ltd, a standout company in real estate. However, his path was a rough one. Especially as a novice in real estate with no formal education or track record.
AI Tools For You
- Don't waste your time skimming, asking with Humata AI is a faster way to get answers.
- Unlike other tools, AI Scrum Master provides instant meeting summaries, highlights your key decisions, actions and much more!
- Spective is an AI-powered business coach that helps you analyze your business ideas, assess potential risks, and create pitch outlines.
Upcoming Events
When it comes to skyrocketing your business, an Epic gathering of the Top Innovators, Startups, Founders, and Tech Disruptors might just be your grand chance. Don't miss out on the IBadan Startup Fest'23, from 9th to 11th November!
As Seen on Twitter X
Speaking about the latest funds African Startups received, we completely agree with Neto on this
Founders, are you hiring without a clear brand strategy?
What Other Businesses are Consuming:
- 18 Harvard Business School founders want you to know these tips
- Remember the $116m France gave Nigerian Startups? There’s a debate on its use
- So here's the scoop from a fresh study: Honest CEOs affect Profits
- The founder and CEO of Bumble is planning to step down early next year, and guess who's going to take over?
- Aliko Dangote's massive $687 million return? That's a bold statement of his loyalty to Nigeria.
- CEOs who expressed their opinions on the Israel-Gaza conflict face criticism from all directions.
Now, It’s Your Turn!
Have a story or some great tips to share? We'd love to feature you in our next newsletter. Get in touch with us!
Until Next Thursday. Stay Inspired and Keep Scaling!
ABOUT CAREERBUDDY
Hire Smarter, Not Harder
At CareerBuddy, we make hiring seamless for fast-growing companies, we pride ourselves on knowing the best people that will excel in a Startup. With a candidate retention rate of 90.3%, it is safe to say “We are the best in the game for Startup hiring in Africa”.
We have worked with our partners to hire both for Technical and Non-Technical roles, we have also helped them with expansion in Africa. Some of our clients include Bamboo Invest, Helium Health, Cassbana, Cadana, Fincra, CrowdForce, Casava, TeamApt (now Moniepoint), Sabi, etc.
Are you hiring at the moment? Contact us
Written by Onekpe Regina, Oluwaseye Adesina
Edited by Oluwaseye Adesina
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