The Entrepreneur’s Source (TES)

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The Entrepreneur’s Source (TES)

Sousse, TunisiaSousse, Tunisia
Organization type: 
for profit
Project Stage:
Idea
Budget: 
$1,000 - $10,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

90% of start ups fail! It's a discouraging number for a young and ambitious entrepreneur.This fact is essentially due to the lack of skills of the founder of the start up.TES, is a consulting bureau for young entrepreneurs that will help them make their start ups join the other 10% .

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

What if anyone who has an idea of a start up could make it into a reality?
About Project

Problem: What problem is this project trying to address?

After the revolution of Jasmine,Tunisia is facing many difficulties especially in the economic sector. It has to adress major problems such as unemployment.There are 200,000 unemployed graduates today and a supply of 80,000 new graduates every year who need employment.As one of the solutions, the country is trying to encourage entrepreneurs to create their own business but 9 out of 10 startups fail due to the lack of experience and mentoring.

Solution: What is the proposed solution? Please be specific!

A consulting bureau: TES targets young entrepreneurs(recently graduated from college),so conventions with Tunisian universities will be done.TES will mentor them through their journey to found a successful business and that by providing them with workshops and trainings on basic and essential knowledge on fields related to their projects such as accountancy, management, leadership...and help them create a network of experts and other entrepreneurs who know the struggles facing them through meet ups and create a website to keep the contact between the young entrepreneurs and the experts.TES will support the entrepreneur strongly in the early stages of business launch and won’t neglect later support to overcome critical phases.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

I am going to start on a small level as a club in my university (Institut of high commercial studies) then extend to cover more universities, more cities and become a real consulting bureau. In fact, TES is group of professionals in the field of entrepreneurship who try to help young entrepreneurs to establish their startups through mentoring and encouragement and help them creating a large network through our website.During open days in the uiversity TES will try to enrole in the club a number of selected students who have business ideas and feel lost on how to establish it.During the year they will work on their products or services to make it suitable for the market also work on themselves and skills as leaders and decision-makers.

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

Future impact: TES helps young entrepreneurs who have recently graduated from high school which means that they are searching for work but since the unemployment rate is increasing they will try to find other alternatives to be active in their society and that is through creating their own business. As a result TES will help them establish a successful business which will lead to the decrease of unemployment rate and finally will lead to economic growth of the country.

Spread Strategies: Moving forward, what are the main strategies for scaling impact?

Tunisian entrepreneurs aren’t short of talent but they need to get better at turning their creativity into successful products and services and to be more innovative we need to encourage an entrepreneurial mindset at every level of education that's why universities should be at the core of building a culture of entrepreneurship. We invest in the young generations so they can have the needed skills to start a successful business which will contribute in the economic growth of the country.
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

There are different financial sources, we find my personal contribution, the income from enrolement fees and also some financial help from oraganisations that work on the same issue of mentoring young entrepreneurs. The gouvernment also helps the launch of social projects such as the TES project by minimizing the taxes.Tthe project will have a system that will allows me to see advanced bookings so we know where the project is.

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

There are few consulting bureaus on the market however it's a service that is highly requested and demanded.Almost 400 studies, training and consulting firms in different fields are today in operation in Tunisia but few of them is specialized in entrepreneurship. TES will support the entrepreneur strongly in the early stages of business launch which is a common thing comparing to other coaching bureaus but TES won’t neglect later support to help the young entrepreneur overcome critical phases towards growth and success.
Team

Founding Story

In the summer of 2015 I was chosen to participate in a summer school program in the US called the SUSI on social entrepreneurship. But before that you have to pass an interview in the U.S embassy to get accepted. So during the interniew they asked me about what I want to do in the future as a profession so I told them I want to become a professor at university, but one of the interviewers told me " and what if you fail to achieve this what do you plan to do?" so that's when I though for two minutes and said that I want to do something close to teaching which I figured would be mentoring people through a consulting bureau since it's something that I love doing and that's how I got this idea.

Team

I'm still trying to convince people about the importance and impact of my idea and show that despite my young age I can be a good leader for a trustworthy team.Since it's a consulting bureau I have to have more skills and knowledge to become a good mentor that's why I'm focusing now on developping my personnal skills by participating in trainings, workshops...(In fact, I'm currently pursuing my 3rd year of college in France as part of an exchange program).Also I am collecting contacts of entrepreneurs and experts that can support my idea.Then I'm going to search for assisting coaches. Because it's still a small business with minimum assets, I'm thinking of getting the help of some of my friends who are experts in the fields of accountancy, management, marketing... so they can become coaches in return of a modest salary.
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Comments

Mentor Dida's picture

I love the idea my friend, this has a wonderful opportunity for sustainable development and prosperity in Tunisia and region. I urge you to look more into the impact that entrepreneurship has in a society. Check out the work of Michael Porter. Keep up the good work!

Here is my feedback, might sounds harsh but it is for good.

Pitch:
Think of if you work on a 20 story building and you are with you an investor in that elevator, how would you pitch your idea? Talk more about the problem! Why is it important for people to venture into startups? Sell the problem then sell the solution. Show statistics to show how serious the problem is. Think of trying to convince investors, you need to make them believe that why you are doing what you are doing is important.
What if:
Good!
Problem:
Yes Startups fail but why is that a problem? Why does this problem happen? Why do they fail? How is the entrepreneurship world in Tunisia? How can you help there? Much more work needs to be done here.
Solution:
Sounds good but how will you find people to join your workshops? How many young people are working on startups in Tunisia? Why is your advising so valuable? What will they gain?
Example:
Ok, it makes sense. How are they going to join your club, and why should they? And once it happens, what will they gain?
Impact:
The impact should not be measured by how many you help with your program, but how many success stories come out of your workshop. Think of how are you going to define success? How does success look like to you? How are you going to know you reached success? How are you going to measure progress? Set some milestones and goals.
Full impact:
Look for a repeatable and scalable model that is simple and powerful. Once that model is developed the full impact could be reached. This is a very strategic part. Think of creating a repeatable and scalable model that is simple to replicate and there is a source of revenue to keep it sustainable. Think of a vision statement, what would it look like 10 years from now if everything goes to plan? What will the impact be? What would you impact be? Set a vision that you want to accomplish and then everything that you do should be to reach that point. A cool vision statement that I like is from Oxfam: A just world without poverty. Think of something simple but also that makes you strive to achieve.

Sustainability:
You have to introduce more revenue streams. Think of getting % of successful startups or something creative like that.
Marketplace:
Analyze what others are doing and do it better. This is very important because it will help you not make the same mistakes again.
Founding Story:
Cool story! However, it would be more impactful to think in terms of why is this important. You should do this because you like it and because it creates meaning.
Team:
This is your weakest point. The team is the most important part of a startup. Find a team that believes in your vision and also think of starting an advisory board.