Capital Square: An Entrepreneurs Community – Modupe Macaulay

Capital Square is a co-working space that is like a shared office for startup entrepreneurs and tech beginners that can’t afford a work space. It is a project by a female entrepreneur Modupe Macaulay. She is the founder/Chief Executive Officer of Capital Square. Modupe is a computer scientist by profession; she quit her job with a multinational company to start Capital Square.

Modupe Macaulay of Capital Square

In a recent chat with Jonah Nwokpoku, the Capital Square CEO spoke about the operations and visions of Capital Square. She said the platform is targeted at creating clusters of business communities that would not only share ideas but collaborate to promote economic development in Nigeria; through the ripple effects that their businesses would have on the economy.

What Capital Square offers

Capital Square is a co-working space, it’s a shared office. It’s a bit casual. It’s a place where entrepreneurs just starting out in business or people who have probably started their business and needs a place to work; a place that isn’t expensive and gives them all the facilities they need and still gives them the opportunities to network with other people starting or doing businesses. At Capital Square we provide the facilities and the space and all we are trying to do is to make it easier for entrepreneurs to do business.

Target market

When i was starting Capital Square, I had in mind younger people who are like me, who have made or plan to make a business for themselves. I had in mind people who wanted to do business but didn’t have the money or the facilities or any of those things you need as a serious business. So I wanted to create a place that people like me would come to and get all those things without paying an arm and a leg for it. And I also wanted to create opportunities for such people to come together and meet people like themselves and build a network that would help their businesses.

For instance, I am starting a business and in the room I am sitting, there is a lawyer working beside me and also a Graphic designer working right beside me. This would help them to be able to get the necessary help they need from others. So, it was basically to be able to build a community of people who are trying to make a difference in whatever they are doing.

Response so far

The response has been impressive because we have even observed a trend where people we didn’t even expect are embracing the idea. They consist of people doing interesting and serious things. We have some who work here that run Non Government Organisations, NGOs. We have others that are involved in marketing, and most of them are good at what they do.

You know I had younger people in mind and I was thinking mainly techies and stuff like that but demand for our services expanded beyond that. I was thinking that techies and designers would constitute the bulk of our patronage but even people involved in real estate are coming here and they find our services very useful. We have also observed that the idea has also appealed to others that are not just startups, but regular business people.

Challenges

The major challenges were when setting up. Getting the right people to put up the place and make the facility what we want it to be, proved difficult. After then the key challenge has been power. It is where our major cost goes. Right now, apart from public power source, we have a dedicated transformer from PHCN, we also have two generators, and we also have an inverter. We have just got another smaller inverter and a UPS specifically for the internet. So basically we have at least four alternative power sources because the public power cannot be relied upon.

To advance the vision for creating a business community, Modupe introduced a kind of exhibition day for entrepreneurs. Called Demo Day, and introduced in March this year, she said the event is meant to provide opportunities for entrepreneurs to showcase not only products but ideas. Such entrepreneurs would get a chance to explain their ideas and/or product offering and get the feedback that would enable him/her improve and possibly attract investors, as investors are also invited to be part of the programme.

We The Total Entrepreneurs love her vision and pray her goal is attained to the fullest. Entrepreneurs staying in her location should make use of this opportunity Capital Square is providing . Quit waiting for that government work or job from a multinational organization, start your own today with minimal risk.

Francis Nwokike said

“Unemployment is good, it helps man to be a creative thinker and innovator”

“When you are unemployed, you are forced to think. When you think, ideas flow. When you act, you employ the unemployed that refuse to think”.

This post originally appeared on VanguardNgr

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Francis Nwokike

Francis is a Passionate Social Entrepreneur. Love discussing new trends in Business and Marketing. A Startup consultant. A good listener. Love to help that your business grow.

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