00:00:36 How Julio's entrepreneurial journey started?00:06:29 How do opportunities for entrepreneurs in Africa stack up currently?00:13:45 How knowledge based and digital content businesses are faring in coastal African countries. How staggered access to digital innovations delays opportunities outside of the US.00:20:48 How to find early adopters for your startup? Can you find them in a 'non early adopter market'?00:24:35 What is the 'correct idea' of a risk-taking entrepreneur?00:29:01 How will we get to nine billion brains and innovating entrepreneurs in the future?00:36:34 How will we deal with the enormous amount of 'cultural download'? How difficult is it to identify opportunities?00:40:14 How do we identify and allocate future revenue streams (that look more like TV/film royalties)? How do we stabilize resource allocation for micro entrepreneurship?00:45:01 Why the 'platform economy' is a short term 'trap' for most entrepreneurs. But is it a good intermediate stage?00:54:01 How do we set the right framework and incentive to encourage and foster entrepreneurship (as an example in Mozambique).01:01:01 Is valuation the only USP of an investor? Are secondary variables more important?01:04:01 Is negative or positive motivation the 'better motivation' for creating the desire to 'improve the world'?01:09:10 What are the best countries to invest in in Africa? Do the 'nation states' even matter much?01:16:15 Is Crowdfunding a solution to the funding problem of African startups? You may watch this episode on Youtube - Julio Maria Muhorro (Tales of Entrepreneurship in Africa). Julio Maria Muhorro is an entrepreneur and business coach based in Mozambique and South Africa. Big Thanks to our Sponsors! ExpressVPN – Claim back your Internet privacy for less than $10 a month! Mighty Travels Premium – incredible airfare and hotel deals – so everyone can afford to fly Business Class and book 5 Star Hotels! Sign up for free! Divvy – get business credit without a personal guarantee and 21st century spend management plus earn 7x rewards on restaurants & more. Get started for free! Brex – get a business account, a credit card, spend management & convertible rewards for every dollar you spend. Plus now earn $250 just for signing up (Terms & Conditions apply). Julio, thanks for coming to the Judgment Call podcast. We really appreciate that. Thank you so much for having me. I'm so excited to have this conversation with you, man. Hi, same here, same here. We spoke a couple of months ago, and we were just chatting about that. There were a couple of things we really wanted to talk about, and you are a very successful entrepreneur. You're quite young. You do all this for Mozambique, and now you're in South Africa. Maybe you tell us a little bit about yourself, and what really motivated you to become an entrepreneur so early in your life? Sure. It all started for me when I was just about to graduate for university, and I realized I didn't have a job afterwards, like many people. One of my friends, he was already an entrepreneur doing some transportation business, and he wanted to go into developing short term courses. He had all the entrepreneurial experience, but he knew nothing about academia, per se, or knowledge based businesses, but there was my jam. I was a lecturer at a university to help pay for my scholarship and my fees, and the university I was studying in, and my parents were teachers. Education and knowledge based stuff was really my jam. We joined forces and we started this company out of scratch, two young people, and I remember we really went over what we thought it was right, because I had no experience developing courses. My experience at the time was just delivering courses. I remember I had to Google how to build a session plan for a workshop and stuff like that, but then in three months, we trained almost 600 people in total. For you to think this is like a startup that no one heard of, and the key of our success early in the stage is that we were quite doing a lot of interactions with the market. We did all the research piece, we asked students what they wanted to learn, we kept their contact details, so when we launched the courses, we sent them SMS and all that stuff, and the energy was just cool and vibe. I mean, I was giving teachings and classes like eight hours a day, and I didn't want them to be boring, so I really made sure that it was interactive and fun, and people really appreciated. From that place, back in the days in Mozambique, business mentors, advisors, there was not even words we were used to it. It was at a time in the business where I felt I was making good decisions, but I wasn't making great decisions, and I just didn't know how I could make that leap. It made sense to me to get a job while my co founder was still running the business, and that's what I did. I joined them as a mechanical company called Idea Lab. They are major in supporting entrepreneurs ...
