Surname , Favour Business Plan
Content
1. Business Description
2. Personal Information
3. Business Details
4. Mission Statement
5. Vision
6. SWOT Analysis
7. Leadership Structure
8. Marketing and Sales
9. Advertising and Sales
10. Target Market
11. Financial Analysis
12. Key Assumptions
13. Financial Projections of profit
14.Investment Strategy
15 Funding Requirement
16. Proposed Loan
17 Use of Funds
18 Viability Ratios
19 Enterprise Value
20. Fund Repayment Ability
21. Conclusion
Business Descriptions
Personal Information
Business Details
Name:
Favour, Ufot
Other Name:
Akwa
Gender:
Male
Email: put your email
Contact:070374343939
Government issued ID:
Voter’s card
Address:
#...Ikot Ibiok Eket Akwa Ibom State
Educational qualification:
Institution name:
Heritage Polytechnic Eket,Petroleum Training Institute Worri
Qualification:
National Diploma (ND)
Course:
Electrical Electronics Engineering
Business Name:
Ephraim Solutions, &co Unlimited
Business age:
Start-up
Address:
#...Ikot Ibiok Eket Akwa Ibom State
Business description:
We provide technical services in all electrical and electronics installation,repair and maintenance.
We also provide E-learning platform, for GMAT,SAT and other international exams apart from the normal national exams like jamb,WAEC and Neco.
We provide financial and non-financial services. Forensic audit, audit and investigation.Financial analysis and interpretation.
Preparation of financial and non-financial account.
Mission Statement:
To be the best service providers both Electrical,electronics and Accounting,financial and management related services.To train others in these fields and follow any changes in technology related to our services.To practice based on the international standards of our services industry
Vision: To provide services to our clients for the best value of their money.To consider our clients in any our decisions.
SWOT ANALYSIS
|
Strength |
Weakness |
Opportunities |
Threat |
|
Ability to to install,repair and maintenan easily-have if manpower and needed tools |
Not have all the recent tools No offices in all part of the states in Nigeria |
More jobs will come frequently |
Government policy like taxes may not be favorable Unstable Government |
|
Have needed tools for each work from client |
Low financial status |
Lock down scenario Need for E-learning,GMAT and blogging |
Lack high technology equipment |
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LEADERSHIP STRUCTURE
DETAILS OF OWNERS OF THE BUSINESS
|
S/N |
Name of owners |
Shareholding in % |
|
1 |
Hon.E….rrrr |
45 |
|
2 |
Rrrr llll |
25 |
|
3 |
Mr. Favour Akwa Goodhead |
30 |
|
|
|
100 |
MARKETING AND SALES OF SERVICES
Installation N200,000-N1,000,000+
Repair of minor and major faults N 100,000 -N500,000
Financial and Non-Financial Audit N300,000- N1,500,000
Forensic and Investigation N300,000- N 2,500,000
GMAT,SAT ETC N30,000 per students for ten times classes
etc
We have many major competitors in these industries but,as part of business secret to deliver all our services earlier than expected time and at economical fees charges rate. Accept 40% deposit and payoff of balance on the same date of finishing every services.
Advertising And Sales
Advertisement type:
1. Radio
2. Television
3. Billboards
4. Mobile marketing
5. Social media
Sales:
1. Direct sales of services to final consumers
2. Direct online sales with delivery
3. Online sales via third-party e-commerce platforms
4. Direct sales through our own outlets
5. Indirect sales through distributors, agents, or other shops
6. Delivery of our services to international communities
TARGET MARKET
The target market for the engineering services is all gender and ages.
GMAT,SAT E-learning platform,e-tutorials targeted client youths and adults of school age.
Financial and Non-financial services for all clients across industries and nations.
Financial Analysis
Key Assumptions
No of holidays in a year 8
No of working days in a week 6 ( Monday -Saturday.8am to 4pm daily)
No of working weeks 50
Operating days per year 292
Assets:
Machinery & Equipment
Purchase price (₦): 650,000
Year of acquisition : 2020
Lifespan (years): 10
Method of Depreciation:Straight Line method
Estimated scrap value:N 20,000
Calculated Depreciation monthly: N 5,250
FINANCIAL PROJECTIONS OF PROFIT
Profit fir the first year estimated to be N10,000,000 with an increase in 35-45% profit yearly
INVESTMENT STRATEGY: Plug back profit of 35% of total profit for further investment and expansion
FUNDING REQUIREMENTS
Proposed Loan N5,000,000
Purpose: Start a new business
Loan start year 2021
Loan Repayment:
Annual Installmental Payment
Loan Moratorium: Two years
Loan Duration: 7 Years
USE OF FUNDS
Fund Allocation
|
S/N |
Use |
Allocation % |
|
1 |
Purchase of Machineries/Equipments/Tools |
70 |
|
2 |
Fund working Capital/Operations |
30 |
|
|
|
100 |
Viability Ratios
Values Decision
Internal Rate of Return (IRR) 65.04% Good
Net Present Value (NPV) 186,922.73. Good
Enterprise Value: N25,000,000 over three years
References
No Full Name Contact Address
1 Hon.Emmmanuel kkk(Acca in view) #27 Idung Usoh ,Eket Akwa Ibom State. +2348025363467367
2 Rev Akwa Ufot #....Ikot Ibiok Ag. phone: ...,,,,,,,
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