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Comprehensive Business Plan on Poultry Farming in Nigeria

EXECUTIVE SUMMARY

Poultry farming is one of the most famous businesses in Nigeria today. There are several reasons why this is so. Firstly, it is very easy to start up and it does not require as much capital outlay as most other businesses, except of course you are starting on a large. The business also has a very fast turnover rate, meaning the farmer can make his/her profit in quick succession as long as the farm is run efficiently.

The population of Lagos State, where we propose to site our poultry farm, is over 10 million individuals and it is growing on a daily basis. The estimate figure for the number of people that come into Lagos every day is 2000 individuals. When comparing this figure to the number of poultry farms in Lagos State you can see that the demand is way higher than the supply. Lagosians do not have all the eggs that they need, in fact, poultry farms from nearby Ogun and Oyo States have to bring in their farm produce which does not still satisfy the ever-increasing demand. There are also restaurants, hotels, eateries, food production companies, confectionary companies, etc. being established daily in Lagos. This means there is no way presently to solve the problem of egg production and distribution in Lagos except new farms are set up within the State.

We have identified the large population and ever-increasing demand as the problem. OEA Limited is poised to solve these problems by starting a poultry farm in Lagos State, very close to the Lekki-Epe Expressway. This farm will be focused on egg production and the sole aim is to meet the egg-demand of Lagosians. With 5000 birds on our farm we can conveniently supply the whole of Lekki to Epe axis of Lagos and grow to other parts of the State as the business expands. We believe that by infusing our eggs into the market at cheaper rates we can comfortably make the market dance to our tune. The business is expected to breakeven between the second and third years of operation ceteris paribus.

SECTION 2 – INTRODUCTION

Poultry farming is one of the most famous businesses in Nigeria today. There are several reasons why this is so. Firstly, it is very easy to start up and it does not require as much capital outlay as most other businesses, except of course you are starting on a large. The business also has a very fast turnover rate, meaning the farmer can make his/her profit in quick succession as long as the farm is run efficiently.

To be involved in poultry farming, one must have a passion for the business and a heart of empathy towards animals. You cannot afford to be non-challant with the birds, they are very fragile and their death could crash the business altogether. Agriculture is gradually growing to become the mainstay of the Nigerian economy and how much one invests will determine how much profit will be made.

People will always be in search of what to eat as food is one of the basic needs of man. Poultry is one way of satisfying this need so you can be sure the business will always be lucrative. There are several reasons why one should invest in poultry farming. A few will be enumerated in the next few paragraphs as this is key to understanding the poultry business.

PROFITABILITY OF THE POULTRY BUSINESS

In all sincerity, there are million and one reasons why one must invest in poultry business. It is a highly profitable business venture attracting millions of naira in revenue on a yearly basis. Out of the many reasons for investing in poultry business, we shall discuss a few below.

  1. People must eat. Man cannot survive long without food and even if one continually eats, it is imperative that balanced diet must be consumed. Even if the economy of any country is experiencing a downtime, people will always find a way to eat food. Poultry is the rearing of birds for meat or eggs, which means it is a means to meet man’s food problems.
  2. The population of the country. Nigeria has an estimated population of about 180 million which is expected to get to 250 million by the year 2050. An increase in population will result in a commensurate increase in the consumption of food, including poultry products. Take a quick survey with the aim of checking out how many eggs people consume daily or how often people take meat weekly. Try taking the same survey six months later, you should notice a considerable increase in the amount of these products that are being consumed.
  3. Poultry products serve as raw materials for other industries. Asides being juts eaten as food, products from poultries are used in other industries, here are a few examples. The eggs are used in baking cakes, bread, and several other confectionary products. From the large industries to the roadside baker, they will be in need of eggs. Another example is the use of poultry meat and eggs in restaurants and eateries all over the country. Some of these restaurants need to restock on a daily basis. Imagine you have just one of such restaurants or hotels on your list of clients. Do you know how much would be made on a daily basis?
  4. Nigerians love to party. Every weekend, in fact, almost every day of the week there is one party or the other. None of these parties can hold without the use of poultry products. You can always avail yourself the opportunity of being a supplier to the event planners organizing these parties.
  5. There is a greater demand for white meat now more than ever. People do not just eat anything they see like in the olden days. People have become more cautious and health experts have warned against the frequent consumption of red meat. This has shifted the focus of most Nigerians, especially those above 40 years, to seek white meat. One of the best and cheapest sources of white meat is poultry. This is a major factor that has caused the demand for poultry products to skyrocket.

TYPES OF POULTRY FARM

There are different kinds of poultry farms usually dependent on the kind of birds being raised and the purpose why the birds are raised. We will view both classes briefly:

  1. Type of poultry farm based on the kind of birds raised.

Regardless of the purpose of running a poultry farm, you need birds to run your farm. The kind of birds you raise will determine to a large extent the kind of poultry you run. The types include:

  1. Chicken poultry
  2. Duck poultry
  3. Geese poultry
  4. Quail poultry
  5. Turkey poultry
  6. Guinea fowl, etc.
  1. Type of poultry based on reason why the birds are raised.

This class focuses on the product that will be the main source of revenue for the poultry farm. There are two broad types and they are:

  1. Egg production. This type focuses on the production of eggs for human consumption. The birds used in this type of farm are known as layers. It usually takes a while for the birds to start laying but when they do the business blossoms into a huge profit-making system.
  2. Meat production. This type of poultry focuses on the production of meat for human production. The birds used here are known as broilers and the business if managed well has a very quick turnover rate. In chickens, it is usually between six to eight weeks.

There are a few farms that mix both together. To do this you must have substantial amount of capital and the ability to multitask. There are several other ways to be involved in the poultry business which include:

  1. Running a hatchery
  2. Feed production
  3. Processing and packaging of poultry products
  4. Manufacture and sale of poultry equipment
  5. Marketing of poultry products
  6. Consultancy services

Poultry business is very wide so it requires an entrepreneur to focus on one or two aspects and become a specialist before jumping to the others. To diversify in the poultry business you need to have a huge amount of capital. Mind you the amount of time and capital you put in will determine to a large extent how much you will gain at the end of the day.

PROBLEM STATEMENT

The population of Lagos State, where we propose to site our poultry farm, is over 10 million individuals and it is growing on a daily basis. The estimate figure for the number of people that come into Lagos every day is 2000 individuals. When comparing this figure to the number of poultry farms in Lagos State you can see that the demand is way higher than the supply. Lagosians do not have all the eggs that they need, in fact, poultry farms from nearby Ogun and Oyo States have to bring in their farm produce which does not still satisfy the ever-increasing demand. There are also restaurants, hotels, eateries, food production companies, confectionary companies, etc. being established daily in Lagos. This means there is no way presently to solve the problem of egg production and distribution in Lagos except new farms are set up within the State.

OUR PROPOSAL

We have identified the large population and ever-increasing demand as the problem. OEA Limited is poised to solve these problems by starting a poultry farm in Lagos State, very close to the Lekki-Epe Expressway. This farm will be focused on egg production and the sole aim is to meet the egg-demand of Lagosians. With 5000 birds on our farm we can conveniently supply the whole of Lekki to Epe axis of Lagos and grow to other parts of the State as the business expands. We believe that by infusing our eggs into the market at cheaper rates we can comfortably make the market dance to our tune.

The post Comprehensive Business Plan on Poultry Farming in Nigeria appeared first on Business Plan.

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How to Start an Online Store in Nigeria

The online store business is one of the fastest growing businesses in Nigeria. If you take a survey of the sites with the highest amount of traffic in Nigeria, you will notice that the e-commerce sites top the list. By e-commerce sites I mean sites where goods and services are sold, examples are Konga, Jumia, Jiji, Olx, etc. What one can deduce from this is that Nigerians are becoming more aware of the online market and their acceptance for it is growing by the day.

Now, this is my candid advice to you, if you ever think of selling a product or service to Nigerians, your first point of distribution or advertisement should be the internet. Let me share a few facts with you. Taking a review of 2018, Nigeria generated the highest traffic online the world over. Nigeria is the largest black nation by population, one which is almost clocking 200 million. It is forecasted that by 2050, Nigeria will have an estimated population of 250 million. A major fraction of this population will be made up of youth, the largest the world over.

Now let me ask you a few questions. What age group uses the internet more? How many times do you pick your phone to go online in a day? How many people are updating their status online daily? Without being beside you I can guess your answers. After this little survey, you will agree with me that the easiest and most intelligent way to sell anything to Nigerians is doing it online.

I am sure you must be wondering how your online store will compete against the big boys like Jumia and Konga. No need to worry about that. You don’t need to start a very big online store, you can simply focus on one product or a few products and grow from there. Let me make it easy on you, did you know there are so many online stores in Nigeria that are small and specialize on just one product? I am sure you probably didn’t, they seem so small that don’t even attract your attention but they are making lots of profit monthly.

Now that your fears about starting an online store have been alleviated I can guess all that is on your mind is how you can start your own online store. That is not a big deal at all, in this article we shall be discussing extensively on how you can start your own online store that will generate a huge income on a monthly basis. Join me on this interesting journey through the next few paragraphs.

Decide on your product

Most people will call this the first step to starting your online store in Nigeria, I say it is the second and here is why. The first step for me is the decision to start the business altogether, after all, if you didn’t think of starting the business, how can you decide what product to sell? A simple but hard truth you must grasp at this point is, you cannot just pick any product because it appeals to you. Your product must satisfy certain conditions before you can make it your primary product of sale.

The first condition to be met is that the product must command high demand. However, if your product falls into the category of new products to the market, then you must check if the product will meet a certain need that makes it almost indispensable. You should also be sure the product has no close substitute. If you are finding it difficult to figure this out here are a few questions you can answer to help you out.

  • For a product already on the market
  • Is the number of people purchasing this product high?
  • Have you seen many ads online for this product?
  • Do top online stores in the country record high number of sales for the product?
  • For a product just entering the Nigerian market
  • Does the product satisfy a significant need?
  • Are there any close substitutes?

Providing sincere answers to these questions will guide you as to whether the product will be high in demand or not.

The second factor to look out for is, people must be comfortable in purchasing such a product online. There are a couple of products that hardly sell online, a very good example is grocery. Grocery products are perishable in nature and so when people buy them it is usually for immediate consumption. Asides this, there are grocery shops on almost every street in Nigerian cities so you can be sure people will not leave those street sellers to buy grocery online.

Once you can frisk your product using these methods and it passes your test, it is safe to say you have a money maker on your hands.

Write a business plan

A lot of individuals wonder whether every business requires a business plan. If you ask me, I’d tell you YES. It is very important to develop a business plan for any business you venture into. It acts as a guide, a measure of success, and a source of capital, especially when you need it from a bank or some investor. You can either write it yourself or find a professional to do it on your behalf. Most people choose the second option because it is easier, faster, and more reliable. You can contact us to help you with your business plan for starting an online store in Nigeria at an affordable fee.

Consider the best source for your product

Figuring out what product to sell is one nut to crack, finding the best supplier for your purposes is another. When finding a supplier for your product you should consider a seller that will give you top quality for the best prices. If you buy from a seller who gives you high prices you end up reducing your profit. This is the secret, the high the margin between cost and selling price, the more profit for your online store. Depending on the kind of product you are focusing on, it might be advisable to buy within or outside the country. Phone accessories and certain clothing and wares are ridiculously cheap outside the country so you can consider getting from such sources when making an order for your business.

Making a choice of domain name and securing it

Just like having a name for your physical store, your domain name for your online store is its identity. This means you need to choose one that is easy to memorize, catchy, and unique. You should also be careful not to be too specific when choosing a name so that when you expand, you don’t hinder your progress with your own hands. An example is beautysandals.ng, if you expand into selling other wares the name becomes misleading and you need to get a new one.

If you are running a physical store, you can use the same name online as long as it is not taken by someone else. The best extension to use online is .com, it is easy to remember and very popular.

Set up your store

After figuring out the above the next step is setting up your online store. For most people they just hire the services of a seasoned web developer, it is less time-consuming and you are sure of an excellent job. If you are however good with new stuff, then you may decide to do the set up yourself. You can choose either WordPress or Shopify to do this. Regardless of whichever you choose, ensure that you add flexible payment features to make it easy for your customers to pay for products or services gotten from your website.

Affix cool images of your product online

95% of the time purchasing a product is influenced by the image that the prospective customer sees. Sometimes people are only compelled to buy a product because of the image they saw and not because they need it. This explains the power of putting up clear and attractive images for your products. My advice to you is never to try uploading a picture taken with your phone. It is advisable to get a professional photographer to take pictures of your products and properly edit them before posting them.

This is not to say that you put up beautiful products and end up selling substandard products to your clients. If you don’t have access to a photographer you may opt for getting clear pictures from the website of the product manufacturer. Whichever method you choose, just ensure that you are affixing images that will attract your customers to your products.

Writing relevant content for your products

Every website needs top quality content to rank high or even attract the right kind of traffic. This is why you cannot afford to leave your website empty with just pictures and prices. You need to generate quality content for your website to describe your products properly. There are two ways to do this. You can write yourself that is if you trust your writing abilities. If you don’t, simply employ a copywriter to do the honors. We could help you generate content for your website at a subsidized fee. Make sure you never compromise the quality of content you put on your website, content is everything.

Plan how you will deliver products

This is a key aspect of your business and it must be planned for before you even start out at all. You may decide to run deliveries yourself, but carrying out door-to-door delivery can be cumbersome and time-consuming. You can simply opt for a third-party delivery service. There are so many in Nigeria today that will help transport your products within and beyond cities at a little charge. Make sure you weigh your options very well before choosing any of the above options.

Run multiple tests on your website

If a potential customer comes to your site for the first time and there is a glitch which makes the person not get optimal service, it is almost guaranteed the person is not coming back. This is the reason why you must test and test and test again. It is very important to success of your business. Ensure every parameter and feature is properly tested before advertising the site to the general public. Now you should note that you cannot test the site alone, you need so many hands to help out. The more people the better. As you test make sure every glitch is fixed and every observation is duly noted.

Promote your site

This is a very important aspect of setting up an online store in Nigeria. Without promotion, your store will lack the traffic you need to get you substantial income. You need to work hard to ensure that the right people see your store. Make sure you figure out the specific audience for your product and target them. There are several ways to publicize your website, the most popular being the use of social media accounts. You can also put up sponsored ads for your website, this way you increase your reach and can easily target a specific set of people.

In conclusion, the online store business is a very lucrative one which does not require much stress or expertise. It also does not require huge capital to start up and in no time you could be making huge income monthly.

How to Start an Online Store in Nigeria © www.businessplan.com.ng

The post How to Start an Online Store in Nigeria appeared first on Business Plan.

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Tailoring Business Plan in Nigeria & Feasibility Study

Our Sample tailoring business plan in Nigeria and feasibility study is up to date and can be used for proposal writing, access grants and loans in Nigeria and abroad.

To get your tailoring business plan in Nigeria, pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, text your full name, email address and title ( i.e. tailoring business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Tailoring also known as fashion designing business is arguably one of the most worthwhile businesses in Nigeria. The Nigerian tailoring industry has grown to be a multi-billion dollar industry in less than a decade.

Every Savvy entrepreneur wants to invest in the tailoring business. But having the capital is not all that is required to set up a successful tailoring business. The desire for the design of clothing is important. Having the right set of skills and experience to achieve your goals is more vital. Being creative also plays a major role in the tailoring business. Creativity without the right technical skills and knowledge to transform these skills into a money-spinner could be wasteful.

The fact is that tailoring business is one of the oldest businesses known to mankind. Currently, this business is the rave of the moment. Tailoring business is known as a very profitable business especially in developing countries, Nigeria for an instant. The reason is simple, irrespective of the situation, people will always wear clothes.

There was a time that, if you are not a tailor then you cannot set up a tailoring business in Nigeria, all that is in the past.  Now even if you can’t put a thread into the eye of a needle, you can own successful tailoring business. All you need to do is be informed, which is what you doing right now. This means you are on the right path in building your own tailoring business empire.

Are you ready to be an elite fashion designer in Nigeria?  One who is ready to compete with the “big fish” in the industry to tap into the great opportunity in tailoring business in Nigeria.

Basically, there are 7 ways in which you can start up a tailoring business. Let take a look at it to step by step.

Types of tailoring business in Nigeria.

  • Tutorial and lessons on sewing:

If you are a master in the art of sewing, who really knows the in-to-in of designing a cloth line. You can add to your income by teaching others who want you learn how to sew.  You can start up a tutorial or lesson sessions on sewing. These sessions on sewing will run for a period of time. Within this period you can teach your clients all they need to know all about sewing. You can rest assured that this type of tailoring will make you a lot of money. There are a lot of people out there who are willing to pay to become a master tailor.

  • Amendment and alteration:

There is a probability that when we buy new clothes they might not fit perfectly. Thus, there is a need for adjustment to a perfect fit. The change might be huge or little, your duty is to be able to please your clients. This type of tailoring requires fewer skills and equipment. You can make lots of money from clients with amendment and alteration problems.

  • Special wears and uniforms:

This type of tailoring business requires the ability to craft apparel into diverse unique style and design. You can focus your tailoring business on mass production of uniforms and special wears. Uniforms for (students, prisoners, bankers, etc.) and special wears for pros (armies, police, pilots, etc.).

This type of tailoring business is very profitable. You will be dealing with corporate bodies and organizations. You must also have it at the back of your mind that dealing with corporate bodies requires etiquette and paperwork.

  • Apparel retail stores:

If you are the kind of person who wants to own his/her own clothing line, then this type of tailoring business is for you. Instead of sewing on demand, you can open a retail store for your cloth line.  This business requires you to be creative with your design. You must be able to think outside of the box. Your production must be in mass with different designs and put them up for the market in a store. If you have the capital you can give this type of tailoring business a try.

  • Children’s apparel:

The market for children clothing is huge globally. Every parent loves to see their children looking good, this makes them willing and happy to spend on their clothing. This type of tailoring business requires you to have a childlike mind. Having a childlike mind will help you with your design and ideas. You can make a fortune from this niche, simply because no matter the state of the economy children’s wears still make a lot of sales.

We now have an idea of the types of tailoring business in Nigeria. Join me as we move the next phase on tips on how to start a tailoring business in Nigeria.

Tips on how to start a tailoring business in Nigeria.

  • Feasibility study:

Most entrepreneurs tend to ignore this step when starting up a business. Arguably feasibility study is one of the most important steps to take when starting up any business. Starting up a tailoring business in Nigeria without carrying out a proper feasibility study reduces the chances of success of the business. What a feasibility study does is it exposes you to a lot of information about tailoring business. For an instance, the kind of services you can provide for your clients, possible challenges, business prospects, and many more.

You can get information from other entrepreneurs who have gone ahead of you. This enables you to learn from their mistakes and successes.

  • Business plan:

Writing a business plan before starting a business has proved to be as effective as the intake of oxygen for survival. A business plan serves as a guide on the procedure or decision you should make, in order to achieve your dream of becoming an elite tailoring business owner in Nigeria. In case you do not have capital on ground, a well-written, detailed business plan can aid in acquiring a loan from the bank. Also, a good business plan can help you raise capital from an investor.

  • Register your business:

Registering your tailoring business in Nigeria makes you eligible for certain privileges. It is almost impossible for a company to get a contract from government agencies and notable organization without being registered. During this process it is sensible you consult with an attorney before proceeding. An attorney should be able to advise you on steps you should take that will suit your business. You can visit the official website of the Corporate Affairs Commission to register your business in Nigeria. The attorney can help you with the relevant tailoring business registration process. Also, he/she will guide you on how to sign an agreement with prospective clients. Your tax and some other important issues that deal with the document can be handled by the attorney.

  • Location:

Your location can be a big factor that will determine the growth of your tailoring business. Getting a good location for your business should be your top priority. Large office space in a shopping mall or center is a great idea. The reason is that of the influx of a constant crowd of people, which is good for business. Places like this are usually quite expensive, alternatively, you can get a space in a busy environment.

  • Get equipment for your shop:

Once you have been able to rent a shop space in a very good location the next thing is for you to get all the necessary tailoring equipment to fill up the shop space you have secured. This equipment will help to keep the business functioning. Some of this equipment includes overlock machines, sewing machines, embroidery machines, weaving machines, needles and threads, other various sewing materials. You might not need a generator if your shop provides constant electricity.

  • Select a niche:

There are several types of tailoring business, some of which are listed above. It is advisable you select the area you want to specialize in. If you know you have the ability to specialize in more than one niche go ahead, just make sure you have a good business plan to back it up. The main key to success is for you to be dedicated to your goal.

  • Hire experienced staff:

You can rest assured that your tailoring business will grow fast if you have competent and experienced staff working for you. Once you have made a conclusion on how you want to run your business. The next phase you do is to seek for tailors who are tested and trusted in tailoring.

  • Marketing:

This final tip should be your top most priority. You should be able to put your tailoring business in public eyes.  There are various avenues in which you can market/advertise your tailoring business. Business cards, fliers, billboards, newspapers, word of mouth, etc. You can also take advantage of the social media platform. The social media market is a huge market with over a billion users. For example Instagram, Facebook, twitter, snapchat, WhatsApp etc. You can also market your business by attending tailoring workshops and conferences. This will give you the opportunity to sell yourself to a prospective client and fellow colleague.

Cost of starting a tailoring business.

The prices of the listed items below are not fixed price. The prices can be affected by inflation, the point of purchase, etc.

  • Registration of your business name – #10,000
  • Shop space – #150,000
  • Tape rule – #1,000
  • Three pairs of scissors at #1,500 each – #4,500
  • Thread – #1,000
  • Chair and table – #20,000
  • 5 sets of sewing machines at #40,000 each – #200,000
  • 2 sets of mini weaving machine at #40,000 each – #80,000
  • 2 sets of Embroidery machine at #40,000 each-#80,000
  • A set of generator – #70,000
  • Miscellaneous – #50,000

Potential total cost = #666,500

Potential profit when setting up a tailoring business in Nigeria.

You can make as much as #750,000 per month. Allow me to show you how.

If you charge #2,500 per cloth. It will take you 2-3 hours to sew one. In a day you should be able to conveniently finish sewing 3 clothes. So you alone will be making #7,500 per day. If you working Monday – Friday you will be making as much as #150,000 in a month. According to our costing, if you are working with 5 sewing machines, your monthly income would be #750,000 per monthly.

Although you would still need to pay for recurrent expenditures such as salaries, fuel for the generator, tax, miscellaneous items, etc. The good is you will still be left with a huge amount as profit.

Some tailoring business owners in Nigeria.

  • Ralph Lauren
  • Yomi Casual
  • Gorgio Armani
  • Frank Oshodi
  • Duro Oluwu.

In conclusion, what discourages clients the most is tailors not keeping up with an agreement. As you step into this business ensure you keep up with your agreement with the client. Your tomorrow should be your tomorrow, it will make you stand out among your competitors. Also, try not to misplace or mishandle your clients’ fabrics.

If you work hard and remain diligent, there is nothing that can stop you from achieving your dream as a successful tailor business owner in Nigeria. Wish you luck.

Get your sample tailoring business plan in Nigeria today. To order the business plan, pay N10, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

OR

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. tailoring business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Tailoring Business Plan in Nigeria & Feasibility Study © www.businessplan.com.ng

The post Tailoring Business Plan in Nigeria & Feasibility Study appeared first on Business Plan.

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How to Start a University in Nigeria

Universities abound in Nigeria. Government owned and private owned. Well the focus in this article is starting a university in Nigeria. Universities could be either government or private owned. There is still need to have more universities that could improve our education and give us recognition on a global scale. To be honest, the business it expensive to setup and the challenges great but once you are able to surmount these, the opportunities to become recognized abound, and you can make some money alongside.

The need for privately owned universities is known to so many people. It is not an issue if you do not know. There was a time when government owned institutions were the only ones available. We were beset with a very erratic academic calendar as strikes caused by both student unrest as well as demands by teaching and non-teaching staff forced almost all the universities in Nigeria to be on strike for very long periods at a time, in some cases. So students could be run programs for over 2 years the normal duration without even having extra years.

Also Read: Nursery and Primary School Business Plan in Nigeria

This need to have a stable academic calendar, not easily disrupted and that could be easily managed, gave the private universities an upper hand. Today, we have a healthy number of private universities in Nigeria. To set up a university, you need to be guided. This is because a lot of things come to play and even the government has guidelines for establishing a university.

The government takes this seriously. Education is paramount to every government as it plays a big role in employment, productivity, innovation and industrialization among others. For this reason, even after establishment the university will have to continue undergoing accreditation periodically. It is important to note that the standard of the school will be scrutinized at every point in time.

Let me take you through much of what you will need to start and establish a university in Nigeria.

According to the constitution of the Federal Republic of Nigeria, a university may be sponsored by the federal government, state government or local government or by a company incorporated in Nigeria or by an individual or group of individuals who are citizens of the said country, and who satisfy the criteria set out in the schedule to the Act for Establishment of Institutions. It will be impossible to start out a university if the criteria set out in this act has been fully met.

It will be important to employ the services of a lawyer or a team of lawyers to handle the back and forth that will assuredly occur during the process of establishment.

The following steps have been outlined by the National Universities Commissions for the establishment of a university.

  1. You are expected to write an application of intent. This letter of intent should be addressed to the Executive Secretary of the NUC. The letter should include the Name of the proposed university, the location, mission and vision, nature of the proposed university, it proposed area of concentration in the current Nigerian university system, among others.
  2. The commission will then invite you for an interview. The interview is to establish how serious you are.
  3. Following a review of the written application and after appropriate deliberation, you will be invited to collect a set of 10 application forms. These forms will be collected in person and a stipulated fee (of N1,000,000 subject to change) will be made to the commission. Copies of guidelines and other requirements will be issued to assist and facilitate guidance.
  4. The application forms collected are to be submitted. The forms are forwarded with a non-refundable processing fee (of N5,000,000 subject to change) addressed to NUC in Bank Draft. The following documents may be attached if prepared and ready. Upon advisement, the last two documents in the list below should not be procured unless the application has reached an advanced stage. The documents are as follows;
  5. Draft of Academic Brief
  6. Draft of University Law
  7. Draft of Masterplan
  8. Counterpart Deed of Assignment
  9. Certificate of Incorporation/Registration of Proprietors (along with Articles and Memorandum of Association)
  10. Deed of Assignment/Certificate of Occupancy
  11. Letter of Available Liquid Cash and lastly,
  12. Bank Guarantee of Funds to the tune of N200 from a bank of repute.
  13. Interactive meeting with the Standing Committee of Private Universities, SCOPU. The members of the Planning and Implementation Committee of the university you intend to establish are invited for an interactive meeting with the aforementioned committee of the NUC. The meeting is a lead up to the initial visit to the campus site of the proposed university.
  14. Completion of Submission of Relevant Documents left to be submitted.
  15. Exhaustive evaluation of documents by experts in relevant NUC departments
  16. First verification visit
  17. Revision of documents by proprietors based on report by the standing committee of private universities of the commission
  18. Final site assessment visit
  19. Security screening of proprietors and board of trustees of the proposed university
  20. Approval by the management of National University Commission
  21. Approval by the of National University Commission board
  22. Approval by the federal executive council (FEC)

Now that the procedure for you need to be sure your University has been spelt out, it is important to figure out all the important things that need to be carried out such as staffing, equipment purchase, marketing, etc. In all truth, setting up a university is a tedious venture, but the payout is much and the trouble worthwhile.

A university is sort of a very large business with tendrils in many directions, each of which needs to be properly managed to achieve best results. Once you have decided to start out and after the registration and approval by the FEC, you need to begin to follow the plan laid out in letter of intent. The vision and mission of the university must always be considered during decision making.

Let us take a look at other things that need to be done outside the NUC, even though they will culminate in the approval of the Federal Executive Council.

Source for Funds

Funding is a great aspect of running an education enterprise the statue of a university. You need to have an ample supply of funds for registration, infrastructure, equipment and facilities, library, research, employment and administration. You may work well within a budget but you may well exceed that budget if you want to build a university of repute, or if you are not careful enough to follow your plans to the letter. You will always find things that remain unresolved or underachieved at any point in time during the planning and running of your university.

It is important to have a timeline for achieving your goals. For instance, you may not be able to purchase of the equipment at the same time, sometimes, some departments may need to share some equipment sometimes. Funding can be by sole proprietorship or partnership. As stated earlier, at least 200 million naira will be needed for this venture. This is excluding money for land and registration purposes.

Land Acquisition

The minimum requirement for land for a university campus is 100 hectares. This land will have to be easily accessible. The campus should also have a water source and electricity source. This land is going to carry infrastructure such as hostel accommodation, classroom and lecture halls, hostel, hospital, security and administrative offices among others. The land should be purchased in the state the university is going to operate from.

Branding your University

It is important that you decide the name of your university early enough. By the time you are submitting the letter of intent, the name of the university should have been decided and should reflect. This is what your university will be known by. Also decide on the logo that will be easy to read from afar and people will easily identify with.

You need to build a website. The website should be fully functional and secure as a lot of personal information and sensitive information will be on it. It should be equipped with a portal for students and staff. It should also have feature for an e-commerce site where payment such as fees and dues could be made.

It should also feature an e-library so that students’ and other researchers could correspond with other libraries around the world.

Build Infrastructure

Infrastructure such as classroom, laboratories, roads, bridges where applicable, hostel, staff quarters, security posts and outposts, lecture theatres and classrooms, hospital, car park, administrative building, sport facilities, etc., need to be built according to the plan submitted to the NUC. Follow standard building guidelines for to ensure that quality work is carried out. It is important to build standard infrastructure because this is a long-term investment.

Employment, Academic Planning and Related Activities

Employment is a very critical aspect of the university setup. You need to employ both teaching and non-teaching staff who will carry out the day to day running activities of the university. Before employment is carried out, you need to have determined how many faculties, departments and programs that will be created and offered yearly.

The management staff which include the board of trustees, principal officers including the pro-chancellor, vice-chancellor, deputy vice-chancellors and registrar etc., need to be appointed and their function spelt out in detail in the university constitution. Functions of the bursar, chief librarian, deans of faculties, Heads of Departments, need to also be spelt out. Committees, like the senate, disciplinary, finance and general purpose committee should also have clearly spelt out functions.

Everyone in the university at any point in time, needs to know what duties are assigned to them for smooth running. Much information on the function the university is expected to achieve can be found in the University of Nigeria Act.

You will need to employ such staff like lecturers, support staff, IT personnel, cleaners, security, doctors and nurses, facility managers etc. Employ the best.

Lastly, an academic calendar needs to be drawn up. This calendar will define the schedule as a timeline of activities to be carried out annually. It will must have a beginning and an end of academic session. The academic session should define the time for resumption, matriculation, duration of semester, examination, convocation and times of meeting of the senate of the university among others.

Equipping the University

Employers and infrastructure will be incomplete without equipment and facilities needed to improve productivity and make work easier. You need to purchase laboratory equipment, furniture for office and lecture, some of which may be permanent fitted. Sport facilities, vehicles for conveyance, medical equipment and facilities, fire extinguishers, security gear, classroom boards and such things that are necessary.

Computers, printers, photocopiers, telephone and fax machines and internet facilities need to be installed for ease of work. Air conditioners and fans should be installed for comfort as learn should be carried out in a conducive environment.

A source of power should be decided upon. It is possible to generate power internally or to use the electricity distribution company in your area. If later will be used, owing to the erratic supply or power it is expedient to also acquire a generator capable of powering the school at any point in time.

Office stationery such as files, paper, letterhead, stapler, paper clips, and filing cabinets need to be purchased.

More than one of these items listed above will be acquired so it is advisable to purchase in bulk. There is no harm in contracting someone to handle procurement while you supervise inventory of supplies.

Lastly, a university must have a library. Books and research materials need to be purchased. They will be mounted on shelves previously installed alongside other furniture for the library.

Market Your University

There is no end to this. You need to do rigorous marketing through media and news print. It is important to start early, at least two years before the commencement of academic activities. Indicate the courses available in every advertisement made. Marketing is something that will continue for as long as the university continues to exist. For this reason, the reputation of the school must be kept intact. Students will tell their friends how good the school is. In fact, they are your biggest advertisers. Secondly, once they are done, they will be employed in the marketplace by companies and NGOs etc. They will appraise the quality of every student from your university. In fact the NUC regularly accredits universities and as such you have a duty to maintain your standard and even improve it as the years go by.

Ensure you carry out studies and make relevant deductions from your studies. With this I believe you can start a university of your choice.

We can write your University business plan for you. To take advantage of our service, pay N50,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. university business plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 72 hours.

How to Start a University in Nigeria © www.businessplan.com.ng

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How to start a Ferry Business in Nigeria

Nigeria is a country with many people around waterways. In such areas, it is impossible to get away from that area to another without the use of a vessel. Some other areas use waterways because it would take lesser time to cross the water than to use the road transportation. Imagine a 5-15 minutes trip taking upwards of between 1-3 hours. It is only economical in time and money to just go across on water.

At certain times the issue of overstretched infrastructure on the road that causes gridlocks and long queues in big cities like Lagos, make use of the ferry logical. They reduce stress that could arise from being in traffic for a long time.

If you do not know what a ferry is, it is a boat used to transport passengers, vehicles or goods across water, particularly one servicing narrow channels or across a river on regular basis. If you desire to move people or their produce across the water, you could invest in the ferry business.

The most established ferry service in Nigeria is in Lagos state. Other states that enjoy ferrying services to a high degree are Niger, Benue, Rivers, Bayelsa and other states in the south-south region of the country.

Types of ferries

There are many types of ferries among which are the double-ended ferries, car boat ferries, channel ferries, cruise-ferry etc. The type of ferry you decide to use is dependent on the kind of service you choose to render.

Tips to Establishing a Ferry Business in Nigeria

It is important to remember that as it is with most businesses, there are challenges you will face that are peculiar to your business. The following tips, though not exhaustive will guide you in establishing yourself in the ferry business.

  • Carry out Feasibility Studies

Feasibility studies is important to improve your chances of success in business. You should have a clear picture of how you want the business to run. Furthermore, you should have clear objectives, targets and a plan on how you are going to achieve them. You should also have clear answers to the following questions by the time the study is completed;

What will be the name of your business?

Are you starting out alone or in partnership with individuals, companies or public-private partnership?

How is your business going to be funded?

Are you buying a franchise or are you starting from the scratch?

Are you building or buying the ferry or ferries?

What type and how many ferries do you intend to begin with?

Which routes have the greatest need for ferrying services?

The kind of service you want to render. Is it just vehicles, goods, people or all of the above?

What other infrastructure is necessary?

How many employees are you recruiting?

What duty are employees expected to carry out?

How much would you pay them as salary?

What is the customer acceptability in the area?

What critical factors are vital to your business?

How are you going to manage those factors?

What ticketing and billing policy are you employing?

How much are you going to spend on recurring expenditure?

Identify your competition and work out a strategy to be competitive.

What is your expected cash flow and how long till the investment breaks even?

What is your expansion or future plan?

How realistic and sustainable are your projections?

At the end of the study you should prepare a business plan.

  • Raise Funds

The ferry business is capital intensive. You need to include everything you need in your budget. You could find out much of what you need from associations and others in the business. It is important to not approach your competitors like you are one of their rivals. They will be unwilling to disclose information that could potentially give you the upper hand. But they are relatively free in with interacting with those who are not perceived threat.

You should also determine if you are going to be a solely funded company or in partnership with other entities.

  • Obtain Relevant Registration and Licenses

It is important to do register your business with the CAC as well as state licensing offices. Obtain licenses for operation on their water courses. You need to register every ferry with the appropriate authorities.  Also, other validation for fire safety, passenger safety, insurance, sea worthiness and other permits that will allow for easy operations. Maritme agencies and ministries of inland waterways as the case may be will have licenses that you will have to obtain.

  • Purchase Ferries

How many ferries do you need? Are you going to buy out a franchise or start with newly built or purchased ferries? The amount of funds will determine the type of ferry you will be able to purchase. If you are short of funds, you could resort to refurbishing to turn it into a hybrid vessel. This hybrid ferry may be a little faster and fuel efficient. When buying a ferry, you must know the capacity (passenger and luggage/ vehicle) and speed. The number of people you can accommodate per trip as well as the speed of the vessel will benefit you in computing cash flow and making predictions.

The cost of the ferry is the most expensive part of starting a ferrying business. If you are purchasing a second-hand ferry, ensure it has good history. Be sure to purchase optimally functioning ferries with healthy lifespans.

  • Choose a Location

The location you pick to run your ferry business is going to determine the kind of service you will render most of the time. You could choose a local or urban area. Urban areas are popular for moving people quickly to city centres. In Lagos, you can set up shop in any of the following locations; Ikorodu, CMS, Lekki, Falomo, Ijegun, Ebute Ero, Apapa, Victoria Island, Majidun, Epe etc. in Niger State, Patigi and in Rivers, Bonny Island. There are so many other areas across the country where the ferry business is highly profitable. During your survey, you should determine which area is has the best potential at the moment and in the future.

When you have decided all these, rent an office space and set it up. You need a place to run your business from.

  • Determine your Service Preference

The kind of service you want to deliver will determine the type and number of staff, routes, pricing, etc. You could lease your ferry for individual or companies for a time in which case, workforce would be greatly reduced. If you want to run it yourself, then you should determine if you want to ferry just people or with goods and vehicles.

  • Purchase Equipment

Equipment such as ticket counter machines, ticket vending machines or dispensers could be purchased. They reduce the number of salespersons and helps in record keeping for easier accounting. You could also purchase POS machines to simplify handling of cash.

Computers and printers may also be purchased depending on the level of sophistication you want. Office stationery like letterheads, pen and files, cello tape, stapler and paper clips etc. are necessary for smooth running of the office. It will also maximize staff productivity. Get life jackets, first aid kits and fire extinguishers on each of your vessels.

  • Employ Staff

Your staff are critical factors in the smooth running of your business. You need experienced hands in certain operation areas. You would need to employ a licensed sailor, a deckhand and a cabin crew. At least one of your crew should be able to administer first aid in cases of emergency. The crew will include those to verify tickets before boarding, arrange and handle luggage, and clean the cabin and deck from time to time. You also need some technical staff to handle issues that may arise in transit or at the pier. Every staff should be handed a well-defined work schedule.

  • Determine Routes

There are routes that could be exploited with respect to the location. This will help you also plan through knowledge of time it would take to get from point A to B along the routes. Schedule flexibility, problems that may arise on the various routes and fares. If possible, get alternative routes that you could use for each voyage. This will prove helpful if there is a problem with the preferred route.

You could also organize tours and pleasure trip for tourists especially during holidays and weekends.

  • Determine Fares and Payment Method

Fares should be in line with the association guidelines and should follow standard billing policies in the region. Fares are not constant but subject to change with respect to changes in overhead cost. Luggage should also be taken into consideration. Since fares are the only way income is generated, fares have to be reasonable with distance travelled.

Once fares have been determined, tickets should be issued to customers before boarding. You ordinarily should graduate tickets as one-way tickets for adults and youth. Children under 5 should attract no extra charges when accompanied. You should include a disclaimer for the limit of children a ticket could accommodate for free per trip.  Confirmation of tickets are usually before the trip.

There are times when school groups may want to experience a ferry ride. Be sure to issue discounted trips for such people. Understand that a ferry makes many scheduled trips per day.

To be a top player in the ferry business, payment options should be as flexible as possible. Payment could be through cash, POS, cash transfers, credit/debit cards and online payment.

  • Market Your Ferry Business

Vigorous marketing should be carried out especially if you are new in the area. If you have the capital to purchase already established ferry franchise, your advertising will be greatly reduced. Here, you are assured of a seamless operation from the first day you assume ownership. Imagine that you have infrastructure, customer base, network distribution and supply chain, seasoned employees and cash flow from the first day of operation. Because of this you are afforded easier access funding from lenders and investors.

Starting the ferry business from scratch should not be entirely seen as a disadvantage. The advantage of building a business tailored to your specification, and the flexibility to build at your own pace could be very rewarding.

Marketing could be by media, posters and flyers distributed around places with high demographic for market opportunities.

If you have a website, it will be an added advantage.

  • Map out a Maintenance Schedule

The ferries you will be using will require regular and scheduled maintenance. This will allow for seamless operations. There are daily maintenance requirements, routine and periodical maintenance schedules that must be executed as at when due. As said earlier, you will need a crew member that can carry out light maintenance of the vessels.

Routine and periodic maintenance could be carried out by engineers that frequent piers. Only allow trustworthy hands to operate on your vessels. Be sure to follow your maintenance schedule judiciously.

Make sure the efficiency of your operation is as seamless as humanly possible.

Challenges you may face in the Ferry Business in Nigeria

There is no business without challenges. The hallmark of a good businessman is in how well he is able to surmount those challenges.

  1. The cost of starting a ferry business is high
  2. Poor facilities at most terminals in the country
  3. There is overlapping responsibilities of government agencies
  4. Technology is lacking
  5. Poor safety, security and poor response time in case of emergencies
  6. Low capacity for manpower development
  7. Maritime laws are not adequate to benefit investors
  8. Poor research and development capacity

Despite all these challenges, the ferry business is still a viable business venture. Most of these issues are not peculiar to the ferry business. So, if you think you can weather the challenges, this is an ideal investment opportunity. This is especially true since there is room for improvement in the industry.

We can write your ferry business plan for you. To take advantage of our service, pay N50,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. ferry business plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 72 hours.

How to start a Ferry Business in Nigeria © www.businessplan.com.ng

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Vocational Training Centre Proposal in Nigeria

Find below is a sample vocational training centre proposal in Nigeria. You can use this proposal for grants, loans and bringing in investors.

To get your sample vocational training business plan in Nigeria pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. vocational training business plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

BUSINESS PROPOSAL FOR ESTABLISHMENT OF MOGBO FASHION DESIGN, FURNITURE AND UPHOLSTERY MAKING VENTURE (JACKSON VENTURE) IN MOGBO COMMERCIAL LAYOUT ABUJA NIGERIA

 PROJECT CLASSIFICATION

MOGBO FASHION DESIGN, FURNITURE AND UPHOLSTERY MAKING VENTURE

 SUBMITTED TO

 ———————————————————————————————————

 

SUBMITTED BY

 

Mafam Services

10 Aguyi Ironsi Street, Abuja, Nigeria

CONTACT NUMBER: 080123456789  

 

 CONCEPT SUMMARY

JACKSON is a proposed fashion design, furniture and upholstery making venture, that will be sited in about 18,000Sqm land with certificate of occupancy (CofO), located at MOGBO commercial layout, in the Abuja municipal area council, FCT.

The setting up of this venture is a response to the need for youth economic empowerment and creating enabling environment and skills for job creation and employability.  Mafam Services have acquired the above mentioned property to service as an Enterprise Development and Incubation Centre.

It shall operate as a fashion design, furniture and upholstery production house, that shall train and nurture local talents through exploring the fashion, furniture and upholstery value chain and create events to promote fashion, furniture and upholstery and fundraiser for fashion, furniture and upholstery enterprise development in Nigeria

 The JACKSON venture execution plan is designed to serve as a public private partnership venture between Mafam Services, government and development partners working for youth economic empowerment and job creation in Nigeria.

 GOAL

Produce ingeniously empowered and competent hands with good knowledge and practical skills for a successful career in fashion design, furniture and upholstery making as a strategy for youth economic empowerment and job creation in Nigeria through public financing.

MISSION

  • To train, create and produce “indigenous fashion apparels and furniture wares” and related activities locally and internationally to promote culture, tourism and exchange.
  • To promote indigenous fashion and furniture concepts locally and internationally through various events, exhibitions, runways, expert forums, conferences, workshops and social media.
  • To explore innovation and foster creativity amongst aspiring and young fashion and furniture entrepreneurs through indigenous fashion and furniture entrepreneurs incubation program
  • To partner and linkup with various existing fashion and furniture related companies, government agencies and promote continuous capacity advancement on indigenous fashion and furniture enterprise concepts through the facilitating a centre for indigenous fashion and furniture excellence.

 OBJECTIVES

That a product of JACKSON venture in fashion, furniture making and upholstery should be able to:

a) Understand the general and specific techniques in Fashion design, Furniture making and Upholstery

b) Construct and erect different types of furniture, upholstery, clothing, shoes and accessories

c) Draw and interpret constructional drawings relative to Furniture making, Fashion design and upholstery

d) Apply portable hand and machine tools to process wood, wood products, clothing’s and metal in furniture making

e) Work as a skilled furniture or upholstery maker or fashion designer either in Self-employment or in paid employment venture.

 STRATEGIC SERVICE FOCUS AREAS

  • Innovation, creative design and branding
  • Production and capacity development
  • Marketing, promotion, sales and distribution

EXPECTED OUTCOMES

  • Annually graduate hundreds of young entrepreneurs in fashion design, furniture making and upholstery and provide startup support and linkages for setting up a related business enterprise for economic empowerment and job creation purposes
  • Serves as an alternative for young boys and girls who could not further their education due to financial and other constraints
  • Serve as a youth economic empowerment and self reliance centre
  • Serve as a centre for commercial production, sales and exhibition of related goods and services
  • Serve as an incubation centre for graduates

JACKSON VENTURE COURSES OUTLINE

 FIRST SEMESTER GENERAL COMPULSORY COURSES (TWO MONTH)

  1. Entrepreneurship and business financing
  2. Computer Studies course
  • Internet and merchandising

SECOND SEMESTER COURSE OUTLINES ON FURNITURE AND UPHOLSTERY MAKING (FOUR MONTHS)

  • General Woodwork
  • General Metal Work
  • Introduction to Furniture and Upholstery Making
  • Machine Woodworking

 THIRD SEMESTER COURSE OUTLINES ON FURNITURE AND UPHOLSTERY MAKING (FOUR MONTHS)

  •  Furniture Making and Construction
  • Upholstery Design and Construction
  • Advanced Furniture Making and Construction
  • Internship, Furniture and Upholstery Show

SECOND SEMESTER COURSE OUTLINE FOR FASHION DESIGN AND PRODUCTION (THREE MONTHS)

  • Pattern Drafting course:
  • Fashion Sketching course:
  • Equipments course:
  • Textiles course:

THIRD SEMESTER COURSE OUTLINE FOR FASHION DESIGN AND PRODUCTION (FIVE MONTHS)

  • Cloth and Shoe Construction course:
  • Internship and Fashion show:

STRATEGIC IMPLEMENTATION PLAN

ACTIVITY: Mafam Services are desirous of sourcing for partners and investors towards the establishment of the JACKSON venture.

ASSET: Certificate of occupancy for the 18,000 sqm secured as a collateral for the project

 REQUIREMENT:

  • Funding for purchase of fashion design, furniture and upholstery making equipment
  • Technical and human resource support for the establishment and running of the centre
  • Funding for the construction of the JACKSON venture
  • One year running cost for the centre
  • Accreditation and affiliation of venture to an recognized institute

To get your sample vocational training business plan in Nigeria pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. vocational training business plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Vocational Training Centre Proposal in Nigeria © www.businessplan.com.ng

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Computer Training Center Feasibility Study in Nigeria

It is almost impossible for one to do without a computer these days. The computer has evolved from being just a business tool to becoming a part of everyday life.

The basic necessities of life are food, clothing and shelter but allow me to add computers to the list. Computers are definitely the future of mankind. Computers have become so important to man that we practically need them in our daily routine. Computers are needed for the improvement of our lives in different sectors such as schools, hospitals, government organization, banking, media, fashion and many more.

The total population of Nigeria is over 190 million. Statistics also show that over 70% of this population are computer illiterate. These stats simply show that there are millions of Nigerians out there who need to be trained in a computer training school.

All though there are several computer training schools in Nigeria where people get their training from, but most of these computer training schools are inadequate in operation. In fact they are too few compared to the number of people that need to be computer literate. Since there is a high demand for computer operators in Nigeria, therefore investing in a computer training school in Nigeria is a very good and lucrative business idea. In this article we will take a look step by step on how to start a computer training school in Nigeria.

What is a computer training school?

Simply put, a computer training school is a body or an organization that teaches their client (s) on how to maximize the use of computers. On a daily basis there is a constant evolution of existing technology and development of new ones. Majority of staff working in different companies may not have sufficient skills to fully maximize the computer based tools in their fields of expertise. The need for one to continue to develop on their computer skills has created a new opportunity for a computer savvy entrepreneur. This individual has the right amount of computer skills and the ability to impart the knowledge effectively in order to deliver top quality services for his or her clients.

 Basically there are four different ways one can run a computer training school.

  • Computer training in the home

This form of training involves visiting your client in their various homes to teach them how to operate computers as well as general application of the system to daily life. This type of computer training requires less capital and does not require any office space.

  • Corporate computer training

This kind of training requires you to work for corporate bodies. It entails providing training for company staff on particular software, applications, programs, etc. An example of this is an educational institution that hires a computer trainer to tutor their staff on how to use a particular software.

  • Regular computer training school

This form of training is the most common way of providing computer training services. It requires the entrepreneur to build or rent a space where the client can receive lectures on the use of computers. The training could be basic or advanced in nature depending on what best suits the client’s needs. This is also the most profitable among all the forms of computer training businesses and also the most capital intensive.

  • Internet based computer training

This type of training is really not popular in Nigeria. This kind of training is mainly carried out online. This form of training is very flexible as students can be tutored over the internet anywhere in the world. Also you can sell computer training material such as eBooks, videos, audios and more.

Who can invest in a computer training school?

In order to start a computer training school just like every other business, it is expected that one should possess some certain skills. The individual should also have some bit of experience in training or tutoring individuals. Finally the individual must have raised some amount of money as capital. The next section of this article will expose us to more detailed information regarding what is needed to start this business.

Tips on how to start a computer training school

  1. Feasibility study. It is important to run a feasibility study regardless of the kind of business you want to start. The computer training school is not one you should start without a feasibility study. You need to make several findings before starting up your computer training business. For example you should find out what your prospective clients need. You should also make contact with entrepreneurs that have gone ahead in the business. Learn from them their successes and failures. This knowledge will help you tailor your services to suit the needs of your customers and rise fast in the business.
  2. Write a business plan. From your feasibility study you will have information on what you need to write in your business plan. A business plan is necessary in order to start any business as it serves as a guide for your business. Business plan will also help in raising capital from investors or getting a loan from the bank. Finally the business plan helps you run your business when you are not available and it gives you a projection of what the future holds with respect to your business.
  3. Choose the type of computer training you want to start. It is important for you to know your area of specialization when starting up a computer training school. You can choose any of the types listed above. If you are capable of running all at once, just ensure you have a solid business plan for it.
  4. Enroll for the relevant trainings. For an individual to run or own a computer training school anywhere in the world there are several courses such an individual must undergo. Through your feasibility you should have an idea about the different certificates you should acquire. These trainings are important as you must be certified to avoid unnecessary embarrassment in the future.
  5. Register your company. This is one of the most important steps to take in starting a computer training school in Nigeria. This gives your company an edge and also gives you the opportunity to compete with other training school. You should visit the website of the Corporate Affairs Commission to begin your registration. You could also hire the services of a lawyer to help with the process. Asides registering with the CAC you must get other relevant registrations done as well. This is the only way your services can be deemed credible.
  6. Hire and train your staff. This is one of the most important aspect of setting up a computer training school a computer training school. If you have the wrong staff it is very likely you lose a lot of your customers. If you do not have any form of skills or knowledge on computer training it is advisable you hire someone who is qualified to assist you in running your computer training school.
  7. Marketing. It is important that after you have done all that is said and done you must put your business in the public eye. You will need to seek for clients and carry out proper marketing. There are several ways you can market your computer training school, you can make use of handbills, social media, television, radio, billboards, etc.

How much do you need to start a computer training school?

These prices are not fixed. They can be high or lower depending on some external factors, such as location, inflation, point of purchase, etc.

  • Registration for your business name – #10,000
  • Office space – #200,000
  • 15 desktop/laptop at #30,000 each – #450,000 or less
  • 2 printers at #30,000 each – #60,000 or less
  • Generating set –#150,000 or less
  • Computer desk for 15 student -#75,000
  • At least 2 air conditioning units at #60,000 each – #120,000
  • 3 tutors salary at #20,000 each –#60,000
  • Lightning and electricals – #20,000
  • Miscellaneous – #50,000

Potential total cost = N1, 195,000 

Potential profit when setting up a computer training school

The computer training school business is very lucrative. Do you know that you can make as much as #1.3 million in 6 months with just 45 students? Let me show you how.

If you are running 3 sessions daily with 15 students in each sessions for example,

MORNING SESSIONS [8.00am -12.00pm]

AFTERNOON SESSIONS [12.00pm – 4pm]

EVENING SESSION [4.00PM – 8.00PM]

Now if for each session you have 15 students who pay at least #5,000 each in a month for a course of 6 month training. Your potential income in a month would be #225, 000. In 6 months your income would be as much as N1, 350,000.

Things you have to consider before starting up a computer training school

There are so many computer programs out there. You need to be welled skilled and learned in as many computer programs as possible. Some of these programs include, word processing, data base and spread sheet programs, presentation. These programs are being use in almost all standard industries and companies all over the world.

Equipping yourself with knowledge on these computer programs will be profitable for you and give you better chances of growing your business. Although most of these programs are very common, but still most people do not know to make use of them or fully understand there uses.

Your computer training school can provide training on their more advance features. Your computer training school’s ability to provide special advanced features can make you stand out among your other competitors who provide the common programs only. Some of this special advanced program include, Animation programs, publishing platforms and multimedia programs, just to name a few. Providing these services make you standout and also increase your patronage in comparison to your competition.

Ensure you develop a well-defined syllabus. You can do this by checking from other established training schools. The syllabus is needed to help you manage each course efficiently since each course is broken down into modules. Students and instructors need this so each class has specific lessons to be learnt or taught. This way you can be sure that your students enjoy and understand every lesson they are being taught.

Note: You can rent an office space close to a university or any tertiary institution, or any popular business area where there is a lot of human traffic. This will helps your business grow faster.

In conclusion if you are a computer savvy entrepreneur, computer training school is one of the best and very lucrative businesses you can invest in. Asides making profit you will also be investing in peoples’ lives which is the greatest investment of all.

I hope this article has been helpful to you on how to start your computer training school business. Wishing you success.

Hurry now and get your Computer Training Center feasibility study in Nigeria. To place order, pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. computer training center pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Computer Training Center Feasibility Study in Nigeria © www.businessplan.com.ng

The post Computer Training Center Feasibility Study in Nigeria appeared first on Business Plan.

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Setting Up Call Center Business in Nigeria + SAMPLE BUSINESS PLAN

The call center business in Nigeria became popularized with the coming of the telecom industry. The need to report issues, verify services/products or make purchase products by customers, became greater. Other sectors such as the banking sector, hospitality and other multinationals benefitted from the call center business.

Even with this, Nigeria has not been able to maximize her potential on a global scale. Global brands continue to outsource a number of operations to reduce their workload, while allowing them focus more on core areas. It has been known to save cost and increase efficiency among others.

The human resource population in the country is great. In fact Nigeria is the 7th most populated and the second fastest growing country in the world which gives us prominence. There seems to be a skill gap as well as challenges that continue to affect businesses according to some indices. The plus Nigeria has is that the bulk of the population is English speaking. It is possible to take advantage of the call center global market, exchanging service for forex.

Everything about the call center business centers on customer service. The most sought call center solutions in Nigeria are:

  1. Help desk
  2. Technical Troubleshooting
  3. Inbound sales
  4. Hotlines
  5. Market research and surveys
  6. Telesales

It is always important to remember that you are in the service business. The implication of this is that profiting and survivability depends on the efficiency of your service delivery. The quality of service hinges directly on customer satisfaction.

It is important to carry out a feasibility study and relevant researches and surveys to assist in analyzing processes, operations as well as challenges that will be faced in the running of the call center. The feasibility study should also be in line with the type of solution the center will be rendering. This study and analysis will assist in having clearer goals that fall within your budget. There is also an advantage of understudying existing service centers that have been in the business for a while. This will make you better appraise choices available to you with regard to service solutions, challenges and management practices.

The next thing to do is register your business. Registering businesses in Nigeria is carried out with the Corporate Affairs Commission, CAC. There is a branch in every state capital in the federation, including federal capital territory. It has also become much easier to register businesses on their website.

Operating licenses that allow you to operate within states should also be acquired. This will prevent you from having issues with tax agencies and related associations.

There are equipment, furniture and other supplies that are necessary for smooth operations. Among them are generator set, desktops, internet service, servers and routers, backup for power and server,  phones, headsets, stationery for administrative purposes as well as relevant call center software that will assist in managing calls and keeping track of data and inbound and outbound call logs.

The location of the business is usually not an issue, but it must be able to accommodate staff and equipment. Also it must be accessible to staff and technicians that will frequent the site. The size of your office is dependent on the scale of the business you intend operating.

If you are looking at running the center for large companies, you will need a large area to carter for workspace of your staff.  It is not like the space they need per person is large but it is good for staff to have a comfortable workstation as they could be in one position for long hours.

Getting things right from the start is very critical in this business. To get this done, you need the right personnel on the job. Training staff is also essential.

The two categories of staff needed for the call center are the agents, who attend to customers directly and the support staff. The support staff will include the management and technical staff. The agents would normally have supervisors. The requirement for each of these categories is dependent on the services you are rendering, and the clients’ requirement.

Human resource management is critical in the call center business. This is because you continue to manage the agents who are expected to be working at close to 100% so long as they are on duty. Finance management is also a vital aspect. In reality, one should be able to break even within two and half to three years of operation. This will not be possible if shrewdness is not employed.

Technical staff and agents will normally run in shifts. Shifts should not last for more than 8 hours. Management would normally dictate those terms. Since the business is an outsourced outfit, most decisions are made to suit the parent company. A call center would normally run 24/7. No customer would want to hear that you are closed. In fact the best call center outfits do not keep clients waiting for long before they are transferred to an agent.

Training could and should continue on the job in most cases to reflect changes in operations. It is important that agents are polite and fluent in the language in which they communicate. They also need to be able to maintain healthy temperament as some customers could be overtly verbal and abusive. Whichever way, there must be clear guidelines on how a call is to be handled.

Nigeria is a multi-lingual nation, but most citizens speak either of the three major languages apart from the lingua franca. These languages are Igbo, Hausa and Yoruba. A vast population of Nigerians speak pidgin quite fluently, even the educated ones. You may find yourself needing to employ call agents that are multi-lingual to carter for the diverse languages.

Your employee choice is largely dependent on the frequency of you communicating with your direct clientele. If you are outsourced to handle the needs of only fluent English speakers, then, the logical choice will be to employ fluent English speaking call agents.

Due to the high unemployment rate in the country, it is easy to recruit graduates of higher institution as staff, who would have either an HND or 1st Degree in their respective fields. It is important to also employ staff that have experience in call center procedures and policies as supervisors. Supervisors also must be approachable but firm in handling those under them.

Setting up the Call Centre

It is expected that funds needed for starting and running of the call center would have been sourced. Funds could be from personal savings, partnership or loans that would be paid back. The funds should fall within the budget for capital recurrent and expenditure.

There are four types of call centers, each with its own distinctive characteristic and complexity. They include;

  1. In House Call Center: This is a call center that delivers customer service to only one company.
  2. Inbound Call Center: This is a center that is operated for the purpose of attending to calls from customers from more than one business.
  3. Outbound Call Center: This is a center that is operated for the purpose of corresponding with clients through the telephone.
  4. Outsource Call Center: This is a center that is operated for the purpose offering services for clients of other companies.

You need to determine how your business will be set up. This may be a simple or complex set up. This will depend on the number staff you will be employing and the kind of PABX or VOIP solutions that will suit the setup structure. Another factor to consider is the volume of traffic to and from the center. Equip your center with the best communication devices that will allow for best interaction with your clients. Soundproof areas should be made where the agent’s workspace would be setup. You would not want to have a rowdy workplace.

Technical assets such as a voice witch/EPABX, multiplexers necessary for data and voice transport, routers and RISC/ CISC servers, modems, headsets, desktops, E1/T1 circuits for connectivity, IVR, CTI and Automatic Call Distributors ACDs should be purchased. These equipment will be installed by a VOIP consultant. You should get a consultant recommended from existing call centres or other trusted sources.

Call Routing

Call routing or ACD, an acronym for automatic call distribution, is a management procedure that allows for a call to be sent to a specific queue within the system. The system may be simple or complex depending on your setup. The Skills-based routing and the round robin routing are very well utilized in the call center industry.

The skill-based routing allows for important calls to be sent to a specialist in that particular product. The Round robin addresses issues that occur when calls are not evenly distributed among agents. For this to be successfully employed, the teams have to be cross-trained on policies, procedures and scripting for all available products or services where necessary.

The hold system attempts to hold calls for the agents where necessary while the system checks for available agents. During this hold period, music, product adverts and available promotional messages may be played between hold messages.

Get Clients

Getting clients is the most important part of any business venture. If there are no clients, your business will shut down even before takeoff. So, who are your clients? Do you need to pitch to one or more multinationals, government outfits, or are you building to manage your own business? If you are pitching, then it is good to go with a seasoned team that know the in and out of the BPO business.

Whatever you do, the objective of the call center must be achieved. Some clients would give contracts for between 2-5 years, which is usually renewable. If you happen to get a contract, then you must realize that you are an offshoot of the contracting company. This means your real clients are their clients. The performance of the call center is only going to be measured on the efficiency of positive feedback of the clients.

Evaluating your Call Center

Call-flow data is critical to the efficiency of operations in a call center. There are a number of call-flow software available. This software makes it easier for management to understand call pattern. This will assist in knowing why some calls are being abandoned, and the average speed of answering calls. This information will help to effectively distribute call agents to manage workload and maximize customer experience.

The overall performance of your call center should be measured using data captured from average speed of answer and abandonment rate which is then extrapolated to determine service level statistics. Maximum answer time should not be above 20 seconds, maximum abandonment rate, 5% and service level, 80%. 80% service level implies that 80% of calls were answered in under 20 seconds.

The average handle time of calls plays a major determinant in call flow data. Call handle time captures not only the talk time but also the wrap time. The wrap time is the time needed for the completion of other calls before the advisor is available to pick a new call.

To ensure that you appraise your call center from time to time, it is important to have monitoring system for recording calls and video feeds where necessary. Key performance indicators should be used as metric to measure efficiency of the call center. This data is also critical in assessing business potential, for maximizing investment and client experiences.

Plan for the Future

The future of your call center is dependent on the growth of your client base. You must have a projected plan in place for expansion when the need arises. Changes in market would help you scale your business to the degree of change. For instance, you may need to increase your call center agents. Sometimes, whole new teams may be employed to handle new outfits beyond the scope of the existing setup. You may also need to update software and hardware from time to time.

If properly managed, you should be able to recoup investment within 2  – 3 years. The call center business is a very lucrative business and if you follow what has been penned down, you would be able to start a call center business of your own.

Get your sample call center business plan in Nigeria today. To order the business plan, pay N30, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

OR

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. call center business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Setting Up Call Center Business in Nigeria + SAMPLE BUSINESS PLAN © www.businessplan.com.ng

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Wedding Planning Business Plan in Nigeria

Our Sample wedding planning business plan in Nigeria and feasibility study is up to date and can be used for proposal writing, access grants and loans in Nigeria and abroad.

To get your sample wedding planning business plan in Nigeria, pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, text your full name, email address and title ( i.e. wedding planning business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Recommenced: How to Start an Event Planning Business in Nigeria Also Recommended: How to Start an Event Decorating Business in Nigeria

Read On!

Wedding planning is regarded as one of the most exciting and celebrated occupations in the world. If you are thinking of venturing into wedding planning business, then you must be ready for the romance and beauty that are associated with weddings.

To be successful in this business you have to be a creative person. One who pays every attention especially to little details. Your mission is to make the couples’ D-day a dream come true. If you can accomplish this, then you might have what it takes to be a wedding planner.

Wedding planning business is a very lucrative business especially in Nigeria. In Lagos alone statistics show that at least over a thousand couples wed every weekend. Wedding planning business is a good opportunity for you if have been thinking of starting a business of your own.

Asides being a profitable business, wedding planning business also gives you the opportunity to express yourself through your creativity. Wedding planning business also helps you to connect with people from all works of life.

Who is a wedding planner?

According to Wikipedia: “A wedding planner is a professional who assists with the design, planning and management of a client’s wedding”.

Are you a person who as the ability to work within a budget, organize supplies and provide services, a good listener, and also has a knack for turning others vision to reality? If yes, then you could consider a career in the wedding planning business.

You will also need to be a problem solver who can work under intense pressure. A wedding planner is also required to be able to handle all the emotionally charged requests on a wedding day.

Who can invest in wedding planning business in Nigeria?

In order to start up a wedding planning business in Nigeria, your drive for the weddings must be absolute. There are so many things that go into planning weddings. Things that happen behind the scene project the mind of the planner and the intending couple. Some couples are able to give the planner free reins in decision making. All they want is a perfect wedding. How do you orchestrate a perfect wedding?

If truly you are ready to become an elite wedding planner in Nigeria, one who is ready to tap into the great opportunity in the wedding planning business in Nigeria, you have to always orchestrate “perfect weddings”. This article was written with you in mind. You being “whoever wants to make perfect wedding experiences.”

Tips on how to become a wedding planner in Nigeria

  1. Feasibility study: The first thing to do when starting up any business is feasibility study. Regardless of the kind of business you planning to go into, carrying out a feasibility reduces the chances of failure of the venture. Feasibly study helps you gather information and also optimize opportunities involved in wedding planning.

There are lots of things you must learn about weddings. For example, you could read wedding books and magazines, attend weddings, get information online, etc. You could also avail yourself a professional training in wedding planning.

  1. Know every detail about wedding planning: The wedding day is a day countless people relate to as the happiest day of their lives. Your job as a wedding planner is to make it so. This is a lot of responsibility resting on your shoulders. You cannot afford to ruin your client’s wedding day by delivering poor services on their D-day.

As a wedding planner you have to enjoy what you are doing and you will find out how rewarding and fulfilling wedding planning could be. Like I said earlier you need strong organization skills, ability to pay attention to every little detail and a lot of patience to handle the stress that comes with the wedding.

They are eventualities above human control that could occur. An example is that day it might rain cats and dogs or kids might trip on the wedding cake. It is your duty to foresee all possible eventualities that could disrupt the wedding. It is an asset to be able to keep pressure low as you fix everything to seem right even when they are not.

To be abreast in wedding planning business you should accumulate loads of information and experiences on wedding and related events. Attending as many weddings as possible could expose you to vital lessons and pave way for you to relate with people who could be your potential clients. In addition, you get the chance to meet people you could work with when you start your own wedding planning business such as photographers, florist, caterers, vendors, just to name a few.

If you know a wedding planner personally, it is advisable you work with them on some occasions and pay attention to everything he/she does in other to gain a first-hand working experience. Better still you can do a voluntary job for an already established wedding planning company. Doing this will expose you to some courses of action that go on behind the scene.

  1. Enroll for a relevant wedding planning program: There are a number of institutions/institutes in Nigeria that offer relevant program for wedding and event planning. There is also an advantage of possessing materials that help you understand more about the business of wedding planning. You could attend professional training programs to obtain certificate that improve your standing. Doing this will make you to stand out among your colleagues and competitors.

Although getting certified as a wedding planner is not a major requirement to start a wedding planning business, it gives you an edge and makes you more prominent.

  1. Write a business plan: Writing a business plan before you start your business helps you to prepare for your business perfectly. From your feasibility study you would have been able to decide on what you want to specialize on as a wedding planner.

A good business plan can help you raise capital from investors or access a loan from the bank. There is also an advantage of being able to project future potentials of the business.

You will need to get a business name for your company, a good wedding planning name would be great, one which is easy to remember. You can check online for help. You need a business logo, and other things that are important in projecting your image such as brochures etc. Before starting out, it is important to make up your mind on whether to be a full-time wedding planner or run the business on a part-time basis. Whatever your choice is you must understand the fact that it might take time before your business can grow to be a household name.

  1. Get license for your business: Before starting a wedding planning business it is a smart idea to consult with an attorney to know about all the possible advantages of different business structures.

The attorney will also be able to advice you on the kind of business structure you should work with, Sole proprietorship, corporation or Limited Liability Company. It is the duty of the attorney to also create or review all the documents you plan to use for your business. The attorney will also be able to register your wedding planning business name. The role of the attorney is essential because you will have to sign contract agreements with your clients.

  1. Success is based on building relationships: As a wedding planner you have to invest your time, energy and money into building relationships with your clients, support staff (e.g., photographers and co.) and other wedding planners. By doing this you will be able to create opportunities for new businesses. Also you will be able to know which vendors are reputable and reliable that you might work with along the line.

You should also consider joining some wedding or event planning organizations such as “Association of Professional Party Planner and Event Planner of Nigeria” (APPOEN). Being a member of this organization could link you to direct contacts, potential clients, venues, photographers, videographer, florists, caterers, MCs, DJs, artists and comedians. The list is endless.

With luck, your siblings, friends, relatives or close circle associates may allow you to plan their weddings. This is the easiest way for you to market your skills and branch out to bigger opportunities.

  1. Develop your art and fashion skills: Wedding planning, fashion, make-up, beauty care and event planning are interwoven.

For your wedding planning business to be a house hold name, it is essential as a wedding planner to be well informed about fashion. You must also get your feet wet with good education in fashion and art related options. There are several professional bodies that offer programs on wedding and event planning, and associated skills that you could get trained from.

  1. Let your works carry your signature: Wedding planning is all about beauty and art. You have to be unique in everything you put to work. Let the way you design be different from your competitors. If you pour a bottle of coke into a cup, while being blindfolded, and I am asked to drink it and name what I just drank, I will not have to think twice before giving the name. The reason is simple, the taste itself screamed out its name.

Make your work to scream your name. The way you design, the kind of caterers you work with, the security agency you choose and so on. Let all these things carry your signature. Let your name be associated with perfection.

  1. Create a marketing strategy: It is practically impossible for a business to thrive without having a proper business marketing strategy. Every shrewd wedding planner knows that to get clients these days is easier using online media. It will be a waste of time, money and energy if you going to start your business without doing a proper marketing. You can utilize various social media platforms as a means of selling your business to the world. Social media channels such as Facebook, Instagram, Twitter, Snapchat, Whatsapp, Pinterest, etc.

Ensure you take proper steps in marketing your wedding planning business. You could employ the use of print, social media and news media. You can also consider getting a website for your wedding planning business now that most of your potential clients could be online. Redirect them to your page from your social media handles. Stories about experiences in pictures and videos will boost your image so learn to use them. Make provision for these in your budget. You do not need to be expensive, just ensure it is well organized.

You can also market your business by rendering non-profitable services once in a while to clients especially when growing as a new startup.

Things you will need to start a wedding planning business in Nigeria.

There are several equipment that you will need to get in place for your wedding planning business in order to be top notch. Some of them include:

  • Computer and printer
  • Business cards
  • Digital camera
  • Social media accounts
  • Letterhead
  • Files and bookcases
  • Wedding related blog and professional websites
  • Office space
  • Insurance
  • And other miscellaneous supplies

Note: You can kick start your business without some of these items listed above.

In conclusion, this wedding planning business is a great one with awesome opportunities for building a profitable empire. It is important to remember that your success is solely dependent on the kind of relationships you build and how you manage your business. If you always make clients have memorable experiences you will keep getting referrals and the sky will be your starting point. Have fun while you build your money empire.

Get your sample wedding planning  business plan in Nigeria today. To order the business plan, pay N10, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

OR

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. wedding planning business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Wedding Planning Business Plan in Nigeria © www.businessplan.com.ng

The post Wedding Planning Business Plan in Nigeria appeared first on Business Plan.

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How to Start a Fabric Business in Nigeria + SAMPLE BUSINESS PLAN

Clothing is one of the three major needs of man. We can hardly survive without clothing especially in certain climes. Nigeria is without doubt the most populous black nation in the world. The country has an estimated 198 million people and her population is expected to rise to 250 million by 2050. This simply means there will continually be a need for clothing in Nigeria.

Nigerians are very much in touch with their culture and there are over 450 ethnic groups in the country. Some of the major ethnic groups in Nigeria are the Yoruba, Igbo, Hausa, Urhobo, Tiv, Idoma, Itshekiri, Ijaw, Egun, Okun ethnic groups. All these ethnic groups have fabrics that are peculiar to them. For example when you see a person with a black and white cloth you are most certain the fellow is representing the Tiv. A person from Idoma wears red and black and so on.

A fabric business provides services to several sectors of the economy. Some of these sectors include entertainment, arts and culture, costume design, fashion design, etc. Fabric is a major part of our heritage and we use them at several ceremonies. Nigerians are known to love organizing and attending ceremonies. In fact there is almost no weekend that a major ceremony is not held. From weddings to naming ceremonies, to birthdays, house warming ceremonies, burials, and several other ceremonies.

Practically all of these ceremonies require attendees to wear uniform fabrics. This is known as “aso ebi.” Asides this Nigerians generally love to wear clothes that depict their culture regularly. It is almost a norm that on Fridays people wear native clothes. It is usually known as “traditional Friday.” All of these point to the fact that the fabric business is very lucrative and highly profitable in Nigeria.

The fabric business is very vast and has several segments. Basically there are two forms of fabric. Local or traditional fabric and foreign fabric. Getting involved in the fabric business requires you to be involved in one or both of the different kinds of fabric. As a fabric seller you can be involved in several ways. It could be import, export, supply, distribution, or retail. There is none of these that is not profitable. The amount of profit you get in this business is dependent on the amount you have to invest and the effort you put into it.

There are several pointers you should look out for which will boost your chances of thriving and becoming successful in the fabric business. Firstly if you are one who is in love with fabric and you have a desire to always use them then it is possible that you will prosper at the business. Secondly if you have a flair for crafts using fabric like designing clothes, tailoring, quilting, among others then it is possible for you to excel in this business. Thirdly if there is no fabric shop in your neighborhood and you have noticed a major need for this kind of service then you can also prosper in the business. This is because you have a tendency of pioneering the business in your locality and taking over the market before any other person starts it.

If you are still reading this article at this point my guess is that you have developed even if it is a tiny bit of interest in the fabric business. It does not take so much to start this kind of business in Nigeria. This article will be providing you reliable information on things you need to know and do when starting your fabric business in Nigeria. It promises to be an interesting read so I invite you to join me.

Profitability of the fabric business in Nigeria

One of the major entrepreneurs in the fabric industry once said that the fabric business is almost more profitable than any other business. He further went on to explain that if the fabric entrepreneur was able to employ certain tools at his or her disposal the amount of profit could almost be tripled. If you can think outside the box and offer your customers what no other person offers then you are bound to make tremendous amounts of profits. It is almost unbelievable that you can get a 100% return on your investment or more within a very short period, say 6 months to a year depending on how you manage the business.

The amount of fabric needed by Nigerians on a weekly basis means shows that there is huge profit to be made from the business. A major advantage of this business is that you can start small and gradually grow it to become a fabric empire. It however requires lots of resilience, determination and persistence.

A few things you need to know before starting your fabric business in Nigeria

We have already stated in clear terms that the fabric business is a very lucrative one which can produce a hundred percent return on investment in just a few months of operation. As profitable as this business is without gaining adequate knowledge before commencing the business it could crumble even before startup.

To this end here is a list of things you should know before setting up your fabric business in Nigeria.

  1. Understand the different kinds of fabrics. Fabrics are of different types and it is imperative that before getting into the business on a full scale you must have an understanding of the different kinds of fabrics. This might take a long period of time but the time spent will definitely be worth it as it will help you have in depth knowledge of the sector. This study will also expose you to knowledge about credible distributors and suppliers that will provide your business with the best fabrics at the most affordable prices.
  2. Understand how to employ and handle employees in the business. This is a very sensitive aspect of the fabric business. Your staff are the face of your business and the kind of staff you employ and their attitude to the work will affect the business positively or negatively. Before you even employ at all you must first figure out if you really need to employ staff. The level at which you plan to run the business will determine if you need to employ anyone or not. A small roadside shop will not need any staff but a big store catering to several smaller businesses will definitely need at least 2 staff. It requires you to visit other existing businesses and find out how they treat their staff. Also find out pay rates and other incentives. Also consider coming up with an employee manual where you will have recorded your staff processes. These processes should be reviewed regularly to ensure that employees are comfortable enough to offer the best of services.
  3. Understand the power of social media to your business and how to use it. You do not need to be tech savvy to know that social media is the best way for any entrepreneur to market and grow a business. If you have an idea of what happens on the internet through social media in a minute you will know that you must learn how best to use it for your business. One of the ways of using social media is posting content regularly. Your content must be related to your business and it must not be offensive to other businesses.
  4. Learn how to make your brand stand out. The fabric business is one which requires a lot of imagery and publicity. You must learn to find a way of creating a brand with your business. There is no fabric business that is successful today that has not spent time, effort and money to do this. If you are going to be successful in this light then you must pay this price. Learn to create a personality for your business. While doing this ensure that you work with your vision and your element of style for your business.

How to start your fabric business in Nigeria

Now that you have understood all of the above and gained the necessary knowledge then you can begin the process to start your fabric business. Before we go into this I must let you know that it is not a rosy journey as there are quite a number of hurdles you will face. This is however trivial compared to what you will gain from the business if handled or managed properly. In this section we shall be discussing what you need to set in place while starting your fabric business. I believe that you are itching to see this now that you have come this far in this article.

  1. Feasibility study. All of what was stated in the previous aspect of this article should be part of your feasibility study. This will ensure that you are well equipped to run the business. You definitely want to reduce your chances of failing or losing to the barest minimum. You also need to understand your market and what your prospective customers want. What is obtainable or in high demand in the Southern part of the country may not necessarily be in high demand in the North. You feasibility study will expose you to this kind of information.
  2. Write a business plan. Once you are done with your feasibility study the next step is writing a business plan. It is important you do this so your business has a map of operation. A lot of entrepreneurs take this aspect for granted and end up regretting it later in the business. You do not need to write it yourself you can simply seek the expertise of a professional at a cost. The business plan helps give your business direction and creates opportunity for investors to consider investing in your business. It also helps you when you need to collect a loan from the bank. If you do not have the expertise to write a business plan for yourself, you can buy our sample business plan for a fabric store in Nigeria. You can edit this business plan to suit your specific needs. Call us on +2347033378184 today to get yours.
  3. Register the business. This is another aspect that small business owners take for granted. It is however important to do this to avoid unnecessary problems while running the business. You can register with the Corporate Affairs Commission in any State of the country. You can also visit their website and complete your business name registration. You should also find out local bodies that you should register with in you locality. Once you do register with them as they can be a source of embarrassment to your business if you do not.
  4. Rent a shop. For a simple start up business it is advisable to rent a shop instead of building. You can later grow into owning your own complex. The location of your shop will affect to a large extent how successful your business is. Ensure that your shop is sited in close proximity to the kind of people you want to patronize your business. It is best if the shop is in a place with high traffic. It is also important that your shop is accessible for vehicular and human traffic.
  5. Purchase your goods. At this point you can make a purchase of the goods to be sold at your shop. To make this purchase you must visit the results of your feasibility studies. This will help you know what people want and which suppliers will best suit your needs.
  6. Hire employees. If you need to employ anyone this is the time to do so. Ensure that people that will be employed have a heart for your business and are honest and trustworthy. You will not be on ground at the shop at all times so you need people that will treat your business as theirs and handle affairs properly.
  7. Promote your business. You have learnt the advantages of social media to business advertisement, this is the time to use it to your advantage. Asides social media you can also find other ways to engage your prospective customers. Some of these include handbills, billboards, etc. You can run promotions and provide discounts and price slashes occasionally to boost sales.

That is about all you need to know in starting your fabric business. You will notice I did not talk about capital. This is because the amount of capital you need is dependent on the level at which you want to run the business. good luck in starting your fabric business.

How to Start a Fabric Business in Nigeria + SAMPLE BUSINESS PLAN © www.businessplan.com.ng

The post How to Start a Fabric Business in Nigeria + SAMPLE BUSINESS PLAN appeared first on Business Plan.

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