HOW TO ANSWER TONY ELUMELU BUSINESS SUMMARY DOCUMENT / BUSINESS PLAN TEMPLATE QUESTIONS IN 2022

   PROBLEM & SOLUTION

About Your Business- Required for Pitching

Describe an overview of your business, highlighting:

• How you came up with this business idea.
• What problem you are trying to solve.
• How your business solves this problem.

When describing your problem, make sure that you quantify the significance of the problem in terms of loss (i.e., time, money, other resources) or uncaptured value (# of people or entities that need a solution to this problem) Not more than 150 words. –

ANSWERS

In 2020 , I went to a hospital  called Grace and mercy located at Uli Ihiala in Ananbra state   to visit a patient and the Doctor said the patient was malnourished and that all he needed was a cooked fresh fish in other to meet up with his protein requirement ,we ransacked all our locality to find in search of fresh fish but to no avail ,it was their I decided to start up my production of catfish in locality

Food insecurity , malnutrition and inaccessibility of fish is a big problem as  over 80 % people are unable to meet up their protein requirement.

To solve this problem Gentlebreeze Uli farms will lunch intensive and massive production of quality and affordable catfish backed up with electronic feeding machine to minimize cost and increase production

[YOU HAVE TO START WITH A SHORT CAPTIVATING STORY}

Features & Functionalities- Required for Pitching

How does your business work? Describe the unique features of your business offering and how they address your identified problem. Not more than 100 words

CLICK HERE TO WATCH CONNAK FOUNDATION 5K DOLLAR GRANT YOU CAN APPLY FOR

How will you produce or provide your business offering? Tell us how you will create or develop your product. If you are offering services, describe how you will equip yourself/your team to provide these services. Not more than 50 words.

ANSWERS

Pricing

What is the average price of your product/service (in $USD and in local currency)? If you have not determined the price yet, talk about what you will consider in deciding the price of your business offering. Not more than 20 words

Profitability- Required for Pitching

How will you make profit? Tell us how many users you expect to sell to in a year. If your business earns revenue by usage instead of by user/customer, indicate the level of usage you expect. Give a summary of your cost of operations or cost price and mention what profit margins you expect to make from your business. Not more than 50 words.

CLICK HERE TO WATCH HOW TO ANSWER TONY ELUMELU BUSINESS SUMMARY DOCUMENT ON YOUTUBE

BUSINESS PROCESS

:Features and functionalities . My business is characterized with production , processing and delivering of quality  and affordable  freshcatfish . we produce because not some people need it raw and fresh , processed because others need it smoked and home deliver because some persons who need these  are far from our farm  and may not meet up coming.

PRICING

Our table sized fish which is one kilo in size  is sold for 1200 Naira ( 2 Dollars)

      PROFITABILITY

Unit cost to produce one table size fish is  500 Naira  and we sell it at 1200 , so every table sized fish sold we make minimum of 700 Niara profit.

This year alone , the total revenue  expected to be generated from 2000 table sized fish is 2.4 million Naira .

Approximately , we stand to make  1. 4 million Naira profit

MARKET OPPORTUNITY

Target Audience/Customers- Required for Pitching

Describe the size of your market in currency (in dollar $), your target customer, and how many customers you anticipate will benefit from you solving the problem you have identified. Not more than 50 words. 

Marketing & Sales- Your Marketing Plan

Explain how you plan to get your product or service to your target market(s). Highlight what tactics you will use to grow your customer base, maintain relationships, and build customer loyalty. What offline and online channels will you use to create visibility for your business and tell us what distribution systems or partnerships you will utilize to get your business offering to the market Not more than 100 words.

ANSWERS

We are targeting about 20 % the of population in my locality which is about 20,000 people and they include household , market women, fish processors , hotels , guesthouses , events managers .

Since unit of our product is 2 dollar  and the size of target market is 20,000 , the size of our market in  Dollar currency is  2 X 20,000 = 40,000 dollars

Our market target will benefit by consistently having these products

My company is committed to making our products consistently available to our target markets by doing  home /shop delivery of these products , the products will be sold to anyone who comes to the farm to buy.

We will grow our customer base by (1) engaging in one on one relationship such as calls or text message (2)Running frequent promo and a little discount on the products

Our company …..will create  visibility  offline for these products by using banners , handbills and one on one sales interaction but for the online channels , we will use facebook , tiktop , whatsapp business , instagram, linkedin , etc

BUSINESS ANALYSIS

SWOT Analysis (Strengths, Weaknesses, Opportunities, & Threats)- Required for Pitching

Describe the strengths and opportunities for your business. Highlight the threats and weaknesses you see in your business and your plans to overcome them. 

Your analysis can include any of the following:   product, competition, political, environmental, social. technical, economic, and regulatory barriers or any relevant macroeconomic trends. Not more than 50 words

ANSWERS

STREGNTH:  we are experienced in catfish production .

WEAKNESS: insufficient fund

0PP0RTUNIUTY : the market is large

THREATS :unpredictable government policies or mortality

YOUR NEEDS

Resource Requirements- Required for Pitching

What do you need for your business right now? Describe the resources that you will need to meet your financial and business goals (i.e., equipment, additional employees, funding, etc.). Not more than 100 words.

Building a Team

Who is on your business team? Write a brief overview of you and your team, and describe what makes your team uniquely capable of leading your business to success? Not more than 100 words

In other to meet  our financial and business goals our company will be needing 5000 Dollars to purchase the following

1. 10 x 4 ponds

2. seine reels

3. water pimps

4. Bucket

5. Fish feeding machine

6 .Weighing scale

7. Brooding machine

8. Aerators /air pump

9 strings . pegs and measuring tape

10. Handling and grading equipment

11. thermometer

[here ,be specific on how much you need and itemize the products you want to buy . Since the grant is 5000 dollars , do not ask more than 5000 Dollar and make sure you tell them what you want to use the money to buy }

             BUILDING A TEAM

The team is made up of  myself  OKOLI CHINENYE EMMANUEL as Chief Executive Officer. I studied accountancy  .

 My responsibilities as CEO include making major corporate decisions, managing the overall operations and resources of a company.  

[ make sure you that members of your team are those who understand your business very well

YOUR PLANS

Business Forecasting and Planning- Required for Pitching

Tell us what stage you are in your business. Is it still an idea, or do you have a prototype? Are you testing your markets with surveys or a pilot version of your offerings? Or have you started manufacturing / offering your services? If so, tell us how long you have been in business and what are your key business achievements till date. Not more than 150 words 

What are the next steps for your business?

Talk about the milestones you hope to accomplish over the next two years, on a quarterly basis. Note: Your milestones may be financial (e.g., attain xx million in revenue/profit. etc.), operational (e.g., expand branches, purchase new equipment, etc.), customer focused (e.g., attract xx number of new customers, gain xx new customers in xx region, etc.) or capability-building (e.g., build staff competencies to be able to execute xx, hire staff skilled in xxx, etc.) Not more than 150 words 

ANSWERS

My company   has been in existence for two years  and we are into production and processing of quality , healthy   affordable fresh and smoked fish.

In this two years of operation we have been able to build 5 ponds one housing  1,000 table sized fish . we produce , process and also do home delivery to cover varieties of customers

WHAT ARE THE NEXT STEPS FOR YOUR BUSINESS ?

  in this section broadly talk about your anticipated achievements in the next two years but these achievements should be broken down quarterly, hitherto , first quarter , second quarter , third quarter , etc.

Here your  first quarter could be to build one extra pond . Second quarter could be to acquire new machines and so on .

BELOW ARE THE BUSINESS PLANS WE HAVE  DESIGNED TO FETCH YOU ANY LOAN OR GRANT

1. Vocational training

.

2. meat processing,

3. Petrol,

4. LPG GAS STATION

5. Tomatoes farming

6. Goat farming

7. Plantain farming

8 . Grasscutter farming,

9. Fruit juice,

10. Hotel management

11 Block Industry

122. Bread /Bakery

133. Crèche

14. Nursery and Primary School

15. Fashion

16. Pharmacy

17. Restaurant

18 Shoe Making

19. Water Business

20. Cassava

21. Catfish

22.. Snail Farming

23. Feed Mill

24. Palm oil

25. Poultry

26. Rice Milling

27. Paper Recycling

28. Event Management

29. Nylon Production and sales

30. Printing press and Multimedia

31.Frozen Foods

32. Medical Equipment and Supplies

33. Piggery

34. Laundry/ Dry Cleaning

35.Cleaning Services

36. Cocoa farming

37.Maize farming

38. Haulage / Logistics

39. Transportation

40. Building Materials

41. Cattle farming

42. Soap production

43. Photography

44. Fuel station

45 .Tailoring

46. Fashion

47. Saloon

48. Beauty

Any business plan of your choice is FIVE THOUSAND NAIRA. ( #5000 OR 10 DOLLARS)

To get it kindly make payment of 5,000 Naira to below account

OKPARA IJEZIE KINGSLEY

GTBANK

0178916115

after payment send me your name , email and the name of the business plan you need to my ONE and ONLY PHONE NUMBER both for WhatsApp and calls

08060777979.

Or chat me via WhatsApp link below

https://wa.me/message/XOU337KUPN3K