The Requirement
Impact Africa was a multinational project, led by the investment group Lancea Partners of London.
A major project was being put together for central Nigeria, consisting of an airline, airport, duty free terminal, a ground transport company, and various other business units, including a private helicopter service.
A rewards program was needed to cover them all.
What was delivered
Fractional Start-Up CEO
I was contracted to oversee the launch of the business unit for the coalition rewards program from the ground up, including undertaking:
- The development and design of a unique rewards program concept.
- Hiring an executive team.
- The development of a 7 year business case along with financial forecasts.
Market research was undertaken to identify as accurately as possible the potential of the program in terms of TAM, SAM and SOM, under different go to market scenarios, as well as to ascertain costs.
A very detailed, 7 year business case was delivered, built using Excel.
Cost components for the platform and program development from hosting costs based on forecast member increases YoY, personnel costs, to marketing costs, right down to the cost of renewing personnel laptops every four years, the business case covered minute detail.
I also held interviews with, and hired a CMO, CLO, CTO and COO.
The Results
The coalition rewards business unit was successfully set up, with the fractional executives working remotely as funding discussions for the greater Impact Africa project continued.
The (positive and profitable) business case delivered was reviewed and validated by an independent senior financial advisor.
Interesting Project Fact
Having worked for several months on the rewards program project it was clear it had legs as a standalone business. So I enlisted some trusted advisors and along with the CLO whom I'd brought on board, the rewards program project became my start-up.