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. –
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
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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.
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.
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: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.
Our table sized fish which is one kilo in size is sold for 1200 Naira ( 2 Dollars)
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
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.
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
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
STREGNTH: we are experienced in catfish production .
WEAKNESS: insufficient fund
0PP0RTUNIUTY : the market is large
THREATS :unpredictable government policies or mortality
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
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
[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
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
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,
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
14. Nursery and Primary School
18 Shoe Making
19. Water Business
22.. Snail Farming
23. Feed Mill
24. Palm oil
26. Rice Milling
27. Paper Recycling
28. Event Management
29. Nylon Production and sales
30. Printing press and Multimedia
32. Medical Equipment and Supplies
34. Laundry/ Dry Cleaning
36. Cocoa farming
38. Haulage / Logistics
40. Building Materials
41. Cattle farming
42. Soap production
44. Fuel station
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
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
Or chat me via WhatsApp link below
2 thoughts on “HOW TO ANSWER TONY ELUMELU BUSINESS SUMMARY DOCUMENT / BUSINESS PLAN TEMPLATE QUESTIONS IN 2022”
Please I’m a little bit confused in regards to the business plan template. What is my training category?
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