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How To Write A Business Plan In Nigeria (Free Samples And Templates)

This post concludes is the last of the series on “How to write a business plan” . The major challenge when it comes to writing a business plan is knowing where to start from. This most business owners and entrepreneurs don’t always get right. Looking through existing business plan templates gives a clear picture of what your business plan should look like.

This post contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan.

1. Catering Business Plan

If you love to cook and are thinking about starting a business, combine the two and start a small catering business. But how do you start a small catering business? It’s by having a great business plan detailing every aspect of the business before you get started.

2. Event Planning Business Plan

Starting a catering business in Nigeria is a lucrative business with very good returns, with thousands of events and parties happening every weekend across the country. Event planning business requires a combination of education if necessary, an experience and excellent networking.

Also Read: How to Write a Business Proposal for Clients in Nigeria.

3. Hair & Beauty Salon Business Plan

Salon Business is one of the best and lucrative business in Nigeria right now because it does not cost much and requires little capital to start. Either a barbing salon or beauty salon for women pay a lot because it requires no college degree to start one but skill.

4. Day Care & Child Care Business Plan

Many Nigerian mothers are working at paid jobs or running their own small businesses which consume most of their time. As a result of this trend, there is a growing opportunity for convenience services like child and day care center businesses.

5. Driving School Business Plan

Are you an expert driver? Can you successfully teach others how to drive? If yes, you may be qualified to start a car driving school. There is a great opportunity in this business because most Nigerian are looking forward to owning their own cars. School leavers are also eager to learn how to drive.

6. Agriculture Farm Business Plan

Nigeria is blessed with a favorable soil and climatic condition that can accommodate crops such as onion, carrot, cocoa yam, pear, potatoes, okra, vegetables, beans and so much more. Starting an agriculture farm business is a profitable business opportunity with so much market to serve.

7. Feed and Farm Supply Business Plan

The feed farm production industry has been largely promoted as one of the most profitable agribusinesses to venture into. Africa, especially Nigeria, has a major impact on the worldwide production and distribution of livestock feed.

Also Read:  [PART 1] How to write a business plan – Tips when writing your business plan.

8. Fitness Gym Business Plan

Health they say is wealth; the need for health is the need of all both young and old, both for the rich and the poor alike. Would you like to invest in the fitness business, or are you thinking of a business to invest in? You should consider this business option.

9.Pharmacy Business Plan

Pharmacy or drug store business, whether we like or not, has become an integral part of the Nigerian economy today. In a nutshell, drugstores are described as retail establishments that market drugs, be it prescription-based, proprietary, or nonprescription medicine.

10. Fast Food Restaurant Business Plan

The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it’s once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria. Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the fast food business.

11. Bakery Business Plan

The consumption of bread and other bakery products such as biscuits, chin-chin, gala and meat pie among others, has created a huge market for the wheat flour industry. This sector has provided a lot of opportunities while more opportunities are still open for interested investors that are willing to invest some cash.

12. Internet Cafe Business Plan

The demand for internet cafe services in Nigeria is high especially in business enabled environments like tertiary institutions, offices and in different work areas. This business is one of the profitable medium scale businesses in Nigeria; the business can give a high-profit margin when managed properly.

13. Clothing Boutique Retail Business Plan

Starting your own clothing shop boutique is a good business idea in Nigeria because the fashion industry is one powerful sector that will always be vibrant in any economy because all over the world, people have a basic need for clothing. Beyond this need, fashion is also evolving on daily basis due to the huge and diverse interest in styles.

Also Read: [PART 2] How to write a business plan – Basic template contents & structure.

14. Automotive Car Repair Business Plan

Nigeria is and will always be a big market for cars, both used and new ones. Compared to other African countries, Nigeria alone spends up to $5 billion dollars every year importing vehicles (especially second-hand) from the USA, Canada, Europe, and Asia. Which makes the industry an area worthy of investing.

15. Car Wash Business Plan

The good aspect of this business is that it does not necessarily require a large amount of capital or funding especially when you intend to start. For those who have enough money to invest, this will be a good decision as with more money invested, the business can grow much better and faster leading to better and profitable returns.

Other business plan samples and templates include;

16. Used Cars Sales Business Plan.

17. Online Print Shop Business Plan .

18. E-commerce Retailer Business Plan .

19. Coffeehouse Business Plan.

20. Night Club Business Plan.

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How to Write a Business Plan in Nigeria

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How to Write a Business Plan in Nigeria

Thinking about how to create a business plan for your small or medium sized business? Learn how to write a business plan in Nigeria from the professional business plan consultants. Most Nigerian entrepreneurs and companies do not have or implementation business plans when starting or growing up their businesses. They perhaps believed that business plan is just a document or paper that will not give them the most need capital to scale up their business ideas or investment.

Of course, a business plan is a written document that describes a business, its products or services, strategies and procedures on how it will galvanize it scarce human and material resources in a day-to-day operations in order to make profits. A business plan would contain everything a reader may want to know about your business , starting from the title page, the executive summary, the company description and to the appendix page.

Our accounting and taxation consultants can fill tax returns for your business, project your capital expenditure budgets and compose other business development and small business administration (SBA) or legal documents that set-up your business in the right way to success. We provide business profiling services such as writing of your Vision and Mission Statements , brand positioning statements, employee handbooks, and provide web designing , corporate branding and packaging services.

4 Reasons Why you need a Professional Business Plan in Nigeria

#1. it helps you prioritize your business goals.

When you setup and go into your own business without proper business planning and research process; they end up investing in a business for the wrong reasons.  And before the first two to three years, they would be forced to close down. Why?  Because they believed that writing a business plan would not stop the money from coming as they expected, until they ran into management or business ownership crisis.

#2. It Helps You Avoid Initial Startups Mistakes

To help business executives avoid failures in the future, we develop winning business plans that prioritize your company deliverables right from the start-up stage and meet all your business needs. This will help us build a sustainable leadership culture and business structure for you.

#3. It Provides Go-to-Marketing Insights and Strategies

While there a lot of steps involved in starting a business; these can be overwhelming to any small business owner and startup entrepreneurship. Connect with best business plan writing professionals in Nigeria who understand the Nigerian consumer markets and viable business environments. We offer valuable assistance to bring your brand products and services into reality.

#4. It Provides Answers to Your Startup Questions

Many Nigerian entrepreneurs who have brilliant business ideas usually ask us these important questions and here are some of our answers:

  • Why do I need a business plan to start my business in Nigeria?
  • Do you write business plans for new business or existing businesses?
  • How much does it cost to write a good business plan in Nigeria?
  • Can I use my business plan to get a business loan from the banks?
  • How can I use my business plan to secure new investors for my business?
  • Can you create free sample business plans for my type of business?
  • How long does it take your company to writer winning business plans?
  • Can I get full script or hard copy of the written business plan from you?

How We Do Expert Business Plan Writing in Nigeria

Asking what is the cost of writing a business plan in Nigeria? Well, most professional business plan experts would charge between ₦100,000 and ₦250,000 Naira for fully researched business plan writing services. We create custom business plan that is specifically developed for your business industry from the scratch.

Asking about free business plan samples, we offer easy to use pre-written business plan templates at affordable prices. If this is what you want, such samples will help you organize your unique business idea and set out an amazing business plan for your sole proprietorship business, enterprise or limited liability company.

Asking if you need a business plan for new and existing businesses? the answer is YES! We build successful business plans for all kind of businesses; be it beauty salon business plan, pharmacy shop business plan, wellness and transportation industries, hospital business plan, travel and hotel business plan, agriculture business plan and fish/poultry farming business plan.

When creating a business plan with us, you will get a top notch business plans for food processing and supply chain businesses, fashion design, café and restaurants business plan, automobile mechanic and car driving school business plan, fintec business plan, waste recycling and water treatment and ICT business plan, print shop business plan, event planning, supermarket and ecommerce retail business plan.

When preparing to write a outstanding business plan that fits your business objectives, we conduct industry research, carry out competitor analysis and include our carefully crafted parameters in your business plan format . We consider how to write the Executive Summary that will capture the attention of your target audience. Base on our target market analysis and your input, we write Company Description, the Business Organization, Management Structure, and Product Line or Company  Services.

Our marketers know how to package your startup business ideas on your business plan documentation in order to help you get that nodes and supports you need from potential investors or financial institutions. We design professional websites, marketing plan and employ qualified accountants who can use the available figures and market findings to calculate your business funding requests and future cash-flow financial projections ( whether in the next three or five years).

As Lagos based corporate branding and business plan writing company in Nigeria , we help business individuals and companies to plan and develop their businesses from business proposal to business plan writing, project feasibility studies and target market research. We offer business SWOT analysis, booking accounting services , and investment management software development.

Contact us for more free business advisory services or information on how to write a business plan in Nigeria.

Related: How to Start a Business in Nigeria 

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How to Write A Business Plan in Nigeria (Template for Nigerian Businesses)

The first time I thought about writing a business plan was when a friend asked for my help writing his. I could imagine the stress he had gone through before asking for my help.

Many times, the subject of a business plan comes up when one wants to start a business, and for the majority of people, it almost always seems like some special type of document that only gurus write.

A large number of Nigerian startups fail to understand the true significance of this one document. This fact has made many Nigerian business startups botch the preparation of their business plans by focusing totally on the wrong things.

Good plans prune your projections into realistic thresholds and consider as many parameters as are available to you.

Before we move on to how to write a business plan, we need to define and establish what a business plan is or what it should be.

Table of Contents

What is a Business Plan?

 A business plan is a document describing a business, its products or services, how it earns (or will earn) money, its leadership and staffing, its financing, its operations model, and many other details essential to its success.

A well-written business plan should be able to prove to just about anyone who reads it how feasible your goals are, including potential investo rs.

How to Write A Business Plan (Template for Nigerian Businesses)

Writing a business plan may seem daunting and complicated, but with a systematic approach, you can easily achieve this task with the right guidance.

Below are strategies to help you narrow it down to easily actionable bits.

Know the purpose of the plan

When an entity’s purpose is unknown, abuse is inevitable, and often this tendency is not effectively maximising such.

Before unknowingly wasting precious time writing a plan that wouldn’t fit its purpose, you must know who exactly is going to be reading your plan before taking any steps.

For example, a simple plan written to attract investors would always differ from one written for internal use only.

Furthermore, before writing any part of your plan, even in the search for investors, you should consider especially who your readers are and try as much to cater to their particular expectations without losing track of your initial road map.

You should also aim to make your plan adaptable, editing it as the situation demands.

Draft an executive summary

A good executive summary is a key section of your plan—it’s also the last section you should write.

The executive summary’s purpose is to briefly describe the other parts of your plan. It usually is the part of your plan that convinces the reader if they want to know more about your business.

It’s also an overview of your business that persuades investors to read further. This is why you mustn’t make mistakes here.

 While writing, keep in mind that it’s a summary, so make sure to highlight the key points you’ve uncovered

 Whatever summary you end up putting on the plan would serve as the façade, the doorway into your plan.

Be as brief as you can. Be passionate. 

Describe your company

This section of your business plan is the simplest part of the whole process. It caters for two fundamental questions: who are you, and what do you plan to do? Answering these questions introduces why you’re in business, why you’re different, what you have going for you, and why you’re a good investment bet.

Starting from a proper description of your company, you must share all the relevant information that connects to form your typical brand business plan.

These include market or industry analysis, organisation and management, service or product line, marketing and sales, your operations plan and your financial projections.

Make sure to present as detailed a description as possible using whatever medium can portray your ideas the best – tables, charts, verified industry statistics etc.

Read Also: How to Choose a Business Name in Nigeria

Do a thorough research

It doesn’t matter if you ever intend for anyone else to read it.

To write the most functional and perfect business plan, you need to know many things, which means research. It’s also called “doing a market analysis.”

It should include an overview of how big your estimate of the market is for your products, an analysis of your business’ position in the market, and a general overview of the competitive landscape.

It’s considered a safe bet to spend twice as much time researching as you would drafting the actual business plan.

This is because entrepreneurs need to know their market sphere, customers, and product and services very intimately to draw any plan of relevance.

Doing thorough research must include reading everything you can afford to read, talking to people, and seeking professional counsel. You should also check out videos on YouTube on what you are about. Scour the internet. 

 Finally, as a business owner, you’ll have to eventually make it into a habit and constantly inform yourself whenever the chance presents itself.

Read Also: How to Write a Business Report: Definition, Format, and Samples

Competitive analysis

After doing a market analysis, the next thing you should add to your business plan is a competitive analysis, i.e., you need to know who your competitors are. You cannot do this effectively if you do not take the time to study them. A good reason an investor would choose your business is if you have been able to study your competition and find a means to produce your services and products that are unique, better, and distinguishable. 

Take note of actual and estimated figures

When you are starting a business and using expected figures, you need to communicate that properly so as not to mislead investors. Of course, you should have actual figures if you are already running your business.

Read Also: How to Write a Good Pitch: The Ultimate Guide for Freelancers

Service or product plan

This section should explain your service’s life cycle and what you sell. Explain how this benefits your customers. Share plans of intellectual property filings and research on your product or service. Also, describe the problem you are solving and how you plan to solve it. Of course, you have to talk about the competition as well.

Outline management and organisation

Your business plan’s management and organisation section should tell readers about who’s running your company. Detail the legal structure of your business. Communicate whether you’ll incorporate your business as a corporation or create a limited partnership or sole proprietorship. 

If you have a management team, use an organisational chart to show your company’s internal structure, including the roles, responsibilities, and relationships between people in your chart.

Communicate how each person will contribute to the success of your startup. If you do not have enough hands to produce the desired result, have a plan to hire capable people to fill in the gap.

You can add documents (resumes, permits, leases, product pictures, letters of reference, etc.) to support your business plan; however, this is optional. 

As you write a business plan that serves its purpose, remember that your words should persuade the reader and convince them as it convinced you.

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Business Plan Sample For Small Business Owners To Follow

Business Plan Sample

Let’s help you write your business plan.

We already have a good business plan template that will help you organise your thought. It provides a guideline so that you’re not stuck looking at a blank page or trying to figure out where to start. Plus, it can show you the general layout of a standard business plan.

As a point of reference, a business plan is a document that contains everything about your business such as the product and the services, how to carry out the task, the target audience and other important information needed to embark on a stress-free business journey. In writing a business plan, the first step you need to take is to streamline your idea into a viable concept. After that, you take a look at the business plan template and then follow the business plan sample below.

Start Your Business in 30 Days Even If You Don't Have An Idea

See Also: How to write a business plan in Nigeria step by step.

Business Plan Sample For Businesses

Executive summary.

The executive summary is the overview of a business. It is usually not more than 1-2 pages and it is the first thing anyone will notice. You have to be articulate in this section so you can convince your intending readers and investors. In this section, you are expected to provide the mission statement of the organisation, the name, the founders, and the product and services you seek to render. A very good example includes;

See Also: 10 Purposes for writing a business plan.

Executive Summary For The Queen Fashion

The Queen fashion is an industry seeking to promote the fashion sense of Nigerians. It will also be a place where every family holding a party comes in to pick fabric for their members, friends and crew. The brand is more focused on brides looking for beautiful white dresses to wear for their occasion and grooms aiming to look astonishing for their bride.

It is located in Admiralty Circle, Lekki, Nigeria and it catches the interest of party attendees and organisers. It aims to build a strong market position on the island and to save people the stress of visiting the market on countless occasions and facing unnecessary stress because of their party.

At The Queen fashion, our mission is to promote the industry with stylish creation of fabrics and wears of high quality both for weddings and every kind of occasion. To also ensure that our services make our customers more relaxed and comfortable while shopping.

We aim to be a stop center for anyone who plans to throw a party, whether a wedding birthday, burial or child dedication, e.t.c Our team will ensure that people i.e both male and female, young or old can trust us with doing justice to their preference of style and to have an inviting work environment for our employees to promote productivity.

The objective

The Queen Fashion has the following objectives;

  • To be a stop centre for people who wants to change their wardrobe and for people who has occasion to plan or attend.
  • To have customer’s preference for our brand starting from the first month of our business.
  • To constantly increase our sales on a monthly basis.

To achieve all of these, we must build our brand to be what every customer wants to be a part of.

The company and management

The Queen Fashion is headquartered in Lekki, Lagos with plans of establishing other branches in Ikeja, Lagos, and other states in Nigeria and subsequently across Africa. The company was founded by Mary Queen and she will take on the position of the CEO. In addition, we have board of directors to provide Management Expertise and they include;

Go from idea to starting your business in 30 days

  • Jerry King, Business Consultant at Jerrycafe Choice Ltd.
  • Micheal Temmy at Mac Tee Accounting
  • Tosin Gold, Partner at Gold and sons Law Firm

Our services

Our customers are ladies, men and women who crave for beautiful dresses, quality fabrics and classic wears and stylish blazers. The Queen fashion offers a wide variety of fabric sales, dresses, suit, trouser, shirt, skirt e.t.c. Basically, it will include;

  • Wedding gowns
  • Corporate and Native wears
  • Ankara dresses
  • Lace Material
  • Website for Display of goods and customers ordering
  • 12-hour services everyday

Business Description

This section presents vital information about the business such as an overview of the business, its location, ownership and history if there is any.

The Queen fashion is a wholesale boutique for every individual who wishes to buy any kind of fabric or corporate wears for office, wedding or any kind of occasion. Our goal is to be a stop centre for every clothing items and to give our customers a stress-free shopping exercise. Our Products include; wedding dresses, suit, shirt, skirt, trouser, Ankara, lace, aso -oke, kampala, Adire, Head Gears, veil and Cap e.t.c

It is a new stall planning to begin operations on the 1st of August, 2019 in a space leased for the period of 5 years at No 4, Admiralty Circle, Lekki Nigeria.

The Queen Fashion is a private-owned company by Mary Queen with 3 Board of Trustees and it is registered in Lagos Nigeria.

See Also: Reasons why you should have a business plan.

Market Analysis and Strategies

Analysing the market you hope to play in gives you an understanding of what the competition is doing. This will inform you on the opportunities available and how to leverage it.

One of the things we noticed in buyers is that, majority of them like to compare prices and quality from different shop before they eventually settle for one.

Therefore, The Queen Fashion will not just be a show room but a stop centre for everyone having special occasions to celebrate and we will make the environment welcoming. Our prices will be the best based on our quality so that customers are satisfied.

We will also distinguish ourselves from our competitors by creating a website where people can order for different styles of fabric and clothes and it will be delivered to their doorstep.

Organizational Management

This section provides information on how the structure of an organisation would look like.   

The workforce for The Queen Fashion will include the founder as the Business Manager. It will also include a Ware House Manager, an Accountant, a Fashion Stylist and other adhoc staff who will help in the smooth running of the business.   

The Business Manager will coordinate the affairs of the business and ensure that every member of staff carry out their responsibilities in such a way that more customers can be attracted.

The Ware House Manager will be in charge of the shop, taking account of what comes in and goes out while providing feedback on changes in customers demand and preference.

The Queen Fashion Accountant takes an account of the income and expenses of the entire business and report to the Business Manager.

In The Queen Fashion, an international stylist will be on the ground to sew dresses for people most especially brides who are interested in having their dresses all packaged by the brand.

Adhoc Staffs such as Cleaners, security and Office manager will be employed to make the business environment clean, secured and accessible.

Operations or Product Line

This section of the business plan sample has to do with operations and the kind of business you seek to operate in.

The Queen Fashion will deal in different kinds of fabric that can suit anyone from any tribe in Nigeria. It will also deal in materials that goes for all kinds of occasion. Our products are going to be budget friendly for different classes of people.

The shop will open from 9am-9pm on Monday to Saturdays of every week and on public holidays as well. This kind of arrangement is made in order to incorporate office workers who might not have the time to shop during weekdays.

Financial Projections

This will encompass anything relating to finance in the business. It involves the expenses and it should be thoroughly scrutinized. For example;

Here is a table for Cash Flow for the period of five years.

sample of a business plan in nigeria

The total financial projections in a year was multiplied by 5% for the first year, 7% for the second and 10% and 15% for the fourth and fifth year respectively in order to get the income statement.

Business plan sample

Our financials are in Naira, and the costs were all researched and averaged. The Queen Fashion budget is 9,216,000 for capital costs.

It is difficult to exhaust everything in one content but we can help you write a winning business plan. Contact us on WhatsApp- 08038874148 to write the business plan that will give you the result you want.

This presents other information necessary for investors to see in your business plan. It includes;

  • Business Name Registration Certificate
  • Trademark License
  • Signage Posters Authorisation.

There you have it! Follow this business plan sample to write yours today. Do you want us to help you write your business plan? You can reach us on WhatsApp- 08038874148 or 43B Emina Crescent, Off Toyin Street, Ikeja Lagos. We are also the owners of ReDahlia Workspaces, one of the best co-working spaces in Nigeria.

Entrepreneurship is a lonely journey, let us help you get through it with our services.

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This is very good. God prospers the works of your hands.

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You are blessed, sir. I enjoyed every bit of your write up. We shall be doing more business in the days ahead. Thanks. Charles Eloebhose. email: [email protected] .

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How to Write a Business Plan in Nigeria (8 Simple Steps)

sample of a business plan in nigeria

In many of our business ideas articles, we have written about business plans and why they are important before starting a business in Nigeria. In these business ideas articles, we have also expressed how easy it is to write a simple business plan in Nigeria but many of our readers still feel this is difficult. 

So in today’s article, we will be guiding you on how to write a business plan in Nigeria for any business or company – both business ideas ranging from general business to agricultural-based businesses. Many Nigerians do not know that business plans are also needed for agricultural bases businesses also known as agribusinesses.

They feel because agricultural businesses are about farming that they do not need business plans whether on a large scale or small scale but this is not true. To be sure that any business or agricultural business is lucrative and profitable enough for you, you need to write a business plan for them.

So at the end of this article, you know how to write a business plan as a Nigerian and you will be glad you came across this blog.

What is a Business Plan?

A business plan is a document that sets out a business’s future objectives . It also set out the strategies to achieve them. A business plan is always written in a formal form. It is also written in a way that it can be easily understood. A good business plan guides you through each stage of starting and running a business .

A business plan is a roadmap to making profits in business.

Cost of Business Plans in Nigeria

The cost of business plans in Nigeria varies. It depends on so many factors like the business idea or what the business plan is about, the professionalism of the writer, and the scarcity of the business plan. However, averagely the cost of a business plan in Nigeria ranges from #5,000 – #20,000 . Business plans are hardly priced because of the efforts put into them.

How to Write a Business Plan in Nigeria

Here are the steps on how to write a business plan in Nigeria.

1. Write a Detailed Summary

The first step to writing any business plan in Nigeria is to write a detailed summary of the business or company. This part is chapter one – the first page you see when you attempt to read a business plan. When we say a detailed summary we are talking about a summary that does not miss any vital part of the business. 

So let us say you are writing a business plan for a foodstuff business in Nigeria, you need to make sure that when you are writing a detailed summary on this topic you did not miss any vital part about the summary. The detailed summary must be able to educate anybody reading the business plan.

For them to be able to know what the foodstuff business is generally entirely about in Nigeria.

2. Describe your Company or Business

After writing a detailed summary of what the business/company is about, the next step is for you to describe what the company or business is all about. Many Nigerians think that a business plan is only needed for people who want to start a business but this is not always true.

Business plans aside from being for the person that wants to start the business, it is also for any potential investor that wants to invest in a business or company. So let us say you want to start a provision store business in Nigeria. When you are writing a business plan for the provision store business , firstly, write the provision store business plan to fully educate yourself about the business.

And secondly, you are writing the business plan to educate investors about the business. What I am saying is that business plans are majorly written to educate and attract investors to invest in a business or company .

3. Outline your Business Goals

Every business has a goal. Now is the time to outline the goals of your business or company. If the business is a new business that you are just about to start you might not know the goals of the business yet. For this reason, you might need to do a lot of research but if the business is a business you have already started you might know a few goals of the business.

In case you do not know what a business goal is. Simply put, a business goal means what the business or company is supposed to achieve as time goes by. This could be within a year, every 2 years, every 5 years, or every 10 years. This achievement will be in terms of profits, popularity, net worth, inventory, and more.

However, it depends on whether the business is a farming business , production business, or services business . You need to outline the goals. If you do not know this, you can read online materials and other types of materials to be fully informed about the business.

4. Describe your Products or Services

To run a business in Nigeria, means you are either selling products or rendering services. Even in a farming business , you are selling products. These products are called farm produce generally. You need to describe this product in step 4 of the business plan.

For easy understanding, you can list and explain these products. If it is just one product or service you can explain it in full detail without hiding any valuable information. The description of products or services in your business plan should not exceed a page or a maximum of two pages so that you do not bore the reader.

5. Conduct your Market Survey

If you have been reading my articles on business ideas and agribusinesses on this blog you will have heard me mention market survey many times and why it is important before starting a business in Nigeria. I tell anybody that wants to start a business in Nigeria to always conduct a market survey even if they cannot write or get their hands on free business plans.

This is because market surveys most times let you know whether a business is fulfilling a need and can therefore make profits. So what can you do or how can you conduct a market survey for a business ? Before you can conduct a market survey you need to gather information from those your products or services are for.

For example , a barbing salon renders barbing services majorly for boys or men. If you are conducting a market survey for that barbing salon you will need to ask only men about the business. Do you need to ask questions like how much do they use to barb their hair averagely?

What kind of style do they prefer? How often do they barb their hair? Do they like keeping beards and more? These questions and the answers to them are what we call market surveys.

6. Outline your Marketing or Sales Plan

Every new business in Nigeria must have a marketing or sales plan. This means that a business plan must be able to provide unique ways businesses can promote their goods or services. It must also outline how it will sell its goods or services to customers.

All these must be well stated. One of the importance of a business plan is to ensure a business or company knows how to make profits without spending too much on adverts.

7. Conduct your Business Financial Analysis

A business financial analysis is the breakdown of how money comes into the business and how it goes out. In simpler terms, this is the breakdown of income and expenditure in business. Your business financial analysis will list how much you will make per product or service.

How much is the true cost of a product or service and what do you spend in the business (expenditure)? For easier understanding, you can use a table format for the cost of goods and their selling price and have another table for income and expenditure.

8. Make your Financial Projections 

The financial projection in your business plan is how much you think the business or company will make after 1 or 2 years. The financial projection is often what investors want to read first because it exposes whether the business will be profitable or not.

It also informs investors about the profit margin whether it is wide or narrow. If it is narrow some investors might shy away from investing in the business or company. All financial projections must be stated clearly. For easy understanding, it can be in a tabular format.

Business plans are very important in Nigeria for all businesses and companies. Asides from writing about any business you want to start, you can also write business plans using this format for your family and friends to make money. Reach out to us at [email protected] if you need help writing a business plan for your business idea.

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Business Plan: A-Z Guild for Nigerian Entrepreneurs

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Business plan is a very important part of every business venture and that is why you hear about it very often.

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SWOT Analysis for Airline Business Plan in Nigeria

14 different types of business plan for you in Nigeria

  • Post author: Ane
  • Post published: March 27, 2020
  • Post category: BUSINESS-PLAN-AND-FEASIBILITY-STUDY / Business Tips / Feasibility Study
  • Post comments: 0 Comments

The need for business plan grows every day. This is actually affecting what we regard as types of business plan. Are you a business man or an intending business man? Do you want to succeed in your business? Do you have any business idea in your “Head” right now? Don’t worry, any of these 14 business plans will push them forward. Therefore, I present to you 14 different types of business plan you can develop and use. They are adaptable for any type of business. So, here are 14 different types of business plan for you in Nigeria

As a matter of fact, this write-up is meant to benefits business men and women, students, fellow professionals and the general public. In fact, every one of you is taken care of here. Just click to read on .

WHY NEED A BUSINESS PLAN?

Table of Contents

As a matter of fact, a business owner or prospective business owner needs a business plan to clarify each aspect of his business targets. These include describing the objectives that he/she anticipates will propel his/her business establishment or growth. Therefore, every savvy business owner writes a business plan to guide management and to promote investment capital.

Furthermore, every successful business organization uses good business plan to visualize organisational goals. It includes projecting how much money to invest in each step of the project development. In addition, it gets to know who does what and when the next expenses, first/next profit is to be expected.

In addition, having a business plan helps you find partners/collaborators or investors for the business. So, it helps you get a loan for starting o r developing the company.

14 different types of business plan for you in Nigeria – What Next?

Furthermore, now that you know why you need a business plan, here are the 14 different types of business plan you may need. I have been able to classify them into this 14 types because no two business plans are the same. Business plan is case sensitive. So, do not think you can copy from a friend or another business to use. In fact, if you are at such a cross road, please contact us on +234 34347851 or [email protected] . We are ready to help out at any time at a minimal cost.

The 14 business plans in Nigeria:

  • Investment business plan
  • Enterprise business plan
  • A grant  business plan
  • Industry and company Analysis
  • Manufacturing/processing
  • Service Offering business plan
  • Start-Up Business Plans
  • Export Business Plan
  • Internal  Control Business Plans
  • Strategic Business Plans
  • Feasibility Business Plans/Analysis
  • Operations Business Plans
  • Growth Business Plans.

Do not be confused, you can still group these into Strategic plans, operational plans, internal plans, Lean Plans or specific project plan.

On the other hand, if what you need is the feasibility analysis part of the business plan only, do not hesitate to contact us immediate.

Click here for more business plan topics.

14 different types of business plan for you in Nigeria – BUSINESS PLAN COMPONENTS:

In this regard, depending on who your audience is, every business plan must contain some of these major components of business plan. Lean business plans don’t need all of them. These are:

  • Executive Summary.
  • Company Description.
  • Product and Services
  • Market Analysis.
  • Competitive Analysis.
  • Management Team
  • Marketing Analysis
  • Financial Analysis

Please Share for Us:

Finally, can you share for us? Help us in this our little way of helping the public out of our years of knowledge and experience. You know it’s costly to be a professional in a fiend of endeavour. Yet, the knowledge we dispense here is free. So, help us reach others. If you click any of our social media buttons you will do that. Like us on our Facebook platform for your good. These are 14 different types of business plan for you in Nigeria.

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.

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Download Fashion Designer Business Plan in Nigeria

Are you looking to download a fashion designer business plan or a “tailoring business plan in Nigeria pdf”?

Download this business plan template for your fashion house in Nigeria to secure a loan for NIRSAL, BOA, BOI, grant or make future forecast figures.

Fashion designing is a fast-rising industry in Nigeria. If you have acquired some level of education, skill or training in sewing, knitting, and embroidery, then you should consider starting your own fashion house.

According to a survey conducted by the Nigeria Fashion Council in 2007, Nigeria has had an annual growth rate of 20 per cent since 1988. The fashion industry in Nigeria is well developed with various sub-sectors present, including textile, manufacturing and exporting. It has developed from traditional dress materials such as straw and rattan. The industry also provides employment opportunities for women and youths. Fashion in Nigeria is an important industry and makes a significant contribution to the economy of the country. The Nigerian fashion industry includes designing, producing, selling, importing and exporting clothes and accessories. Today there is huge demand for Nigerian fashion as it has become a trendy way of living and dressing up.the fashion industry in nigeria is a growing business, there are many new trends and fashion products being added to the market every day. there are several ways you can make money by selling your clothing and accessories online if you have a blog or other online presence.

Starting a fashion design business in Nigeria involves a process that is both exciting and challenging. The creative side of this industry may appear simple, however, the business world is complex and fraught with varying types of challenges to be faced. The ongoing financial crisis has impacted the fashion market in Nigeria leading many designers to face financial insecurity. Also, many people looking for simple tasks would not want to invest the time needed to actually get their company up and running smoothly

The Fashion House business plan will have these chapters:

  • Introduction
  • Executive summary
  • Fashion House Business Description
  • Objective and Goals
  • Mission and Vision Statement
  • Material and Equipment
  • Competitor analysis
  • Market Strategy
  • Market trends
  • Our target market for fashion design in Nigeria
  • Our competitive advantage
  • Sales and marketing strategy
  • Sales forecast for fashion design in Nigeria
  • Payment options
  •  Feasibility studies for fashion business plan
  • Financial analysis for hotel business plan
  • Sources of startup capital for hotel business plan

Preview of Tailoring business plan in Nigeria pdf

1.0 Executive Summary Heekmerh’s Couturier is fashion design and training organization targeted at men and women in Nigeria and every other country. We design fabrics and sew exceptional styles. Our aim is to make our costumers look elegant at occasions they wear our outfits to. We offer Ready to Wear (RTW) and fashionable accessories and outfits for men and women. Premium and luxurious bags, shoes, dresses, wristwatches and other branded wears are our forte. Our products and services stand out because:

 Our styles are distinctive to every customer  Our fabric designs are beautiful and of good quality  Our customer service is incomparable  Our training and fashion services are digitalized  Our delivery services are seamless Heekmerh’s Couturier’s was established to meet the needs and demands for:  Bespoke styles that speak modern fashion trends  Structured fashion design school in my environ  African prints, materials and styles (Ankara, Adire etc) in international markets

My love for fashion, African attires and looking stylish started off as a child. However, over the years, this love has become a passion. The available opportunity in my environment has further encouraged me to start a fashion design suite and training classes. I am resilient about this and I look forward to creating job opportunities for others.

READ – DOWNLOAD GOAT FARMING BUSINESS PLAN

2.0 Objectives of Heekmerh’s Couturier  A steady increase in sales in the first year of operation  Build a clientele that is satisfied with our products and services  To get 80% referral from our existing client as a result of the satisfaction they get from our product and services  To offer great and affordable product and services

2.1 Goals of Heekmerh’s Couturier  To be a centralized fashion house for men, women and children in South-West Nigeria

 To have over 700 independent fashion stylists from our training program  Vision for Heekmerh’s Couturier  To offer outstanding fashion designs and items at affordable prices

2.2 The mission Statement for Heekmerh’s Couturier To always surpass our customers’ expectations with our products, services and warm customer relationship.

2.3 Our Management Team Jamiu Hikmah  (CEO) has over 12 years of experience in fabric sampling, picking, tailoring and managing a fashion store’s outlook. Her experience has given her leverage in the retail industry, especially dealing with the everyday customer. She will be in charge of managing and developing the business as well as providing strategies suitable for the business.

Hauwa Lawal has about 6 years of experience in the women fashion industry. She has worked as a sales executive and manager for most of it. Her multifaceted experience with customers and within the industry sector is a plus for the business. Adeola Adelaru has over 7 years of experience in the women fashion industry. Having worked as a consultant for 3 years, Adeola is vast in business strategies and operations management. She would be in charge of our store outlook, operations etc.

Bimpe Onakoya has worked as a financial consultant for more than 8 years. She is a lord in finance and marketing. She would oversee our finances as well as our financial milestones.

2.4 Heekmerh’s Couturier strengths include:

 Mass production  Vast industrial experience laced with efficiency and integrity  Knowledgeable staff, especially in marketing, operations and promotions

READ – DOWNLOAD THE POULTRY BUSINESS PLAN

3.0 My Management Experience:

We are skilled in sewing and accurate measuring. Our 25 years in business have helped sharpen this skill greatly. We have won our customer’s loyalty and trust because we create a loving business relationship with them while meeting their fashion needs. My experiences as a manager have helped me build a team who has worked with me for 7 years and are willing to build the business to great heights. As the CEO of the company, I ensure every aspect of the business runs seamlessly every day.

3.1. Materials for Fashion Business in Nigeria;

To start a fashion business, there are rudiments that are must-haves including a fashion designer business plan. They include Scissors, measuring tape, threads, fabrics, sewing machine, iron etc. Over time, one can consider having an embroidery machine, cutting table, shirt buttonhole machine and other sophisticated equipment that would make fabric sewing easier.

3.2. Competitor Analysis: Our survey shows that our customers patronize us because:

 Our fashion style is exclusive  They need a new look they believe only we can provide  Our customer service is friendly and warm  They can access our services from internet-enabled devices – training and fashion items  We offer home delivery services

However, our two strong advantages are:

 Our unique styles, fabric and design  Our seamless and prompt delivery

Fashion is a business, and in order to scale it and grow, you need three things: an amazing product or service, strong brand recognition and repeat customers. In order for me to be able to scale my fashion business, I would have to focus on branding my brand and creating new designs that will make me stand out from competitors.

To build a successful business, you need to scale your operations. It’s important to think about how to promote your brand and improve your digital presence so that you can grow an audience. Create a design portfolio on Behance or Dribbble, create social profiles on Facebook, Instagram and LinkedIn, and join industry associations. Stay up-to-date with industry news so you can be ready to address what customers are asking for in a timely fashion

Now that you have read this tailoring business plan in Nigeria pdf, you can get the complete fashion designer business plan version with the financials below.

How To Download The Fashion Design Business Plan Template PDF and Doc (with 3 years’ financial analysis)

Above is a part of the fashion designer business plan template in Nigerian. In case you need the complete business plan, follow the procedures to download it.

Pay the sum of N8000  ( Eight thousand naira only)  to the account detail below: Bank: GTBank Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us) Ac/No: 0238933625 Type: Saving

Thereafter, send us your email address through text message to  +234 701 754 2853 .  The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the tailoring business plan in Nigeria pdf to your email address where you can easily download it.

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Dr. Abi Demi is a skilled technical writer and author with specialties in the martech and fintech space. Featured on Tekedia, Coin Review, Business Insider, Fintechna, Cryptocoin.news, Date 360 and several other sterling online publications, Demi is an astute technical writer that specializes in finance, marketing and technology - with over 500 published pieces across the internet ecosystem. Contact Abi Demi - [email protected]

How to Write a Business Continuity Plan For Small Businesses, NPO and NGO

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Introduction

Table of Contents

In this guide, we will be doing a deep dive into how to prepare a solar business plan in Nigeria.

You see Energy is an essential part of any home and it’s the driving force of any business. We need electrical energy to power machines and the gadgets we use at home. But in Nigeria, you don’t always get the required electric energy when you need it.

According to Statista “In 2022, the electricity demand in Nigeria amounted to 32.1 terawatt hours. This followed an upward trend observed since 2020. Nevertheless, a large share of Nigerian citizens remains refrained from access to electricity. In 2020, just over 55 per cent of Nigerians had access to electricity, leaving 45 per cent of the inhabitants in the dark. Tackling those power grid issues while the population grows rapidly remains one of the challenges the Nigerian government faces to ensure economic development.”

This shows there’s a huge gap in the market waiting to be filled. To fully understand how to satisfy this market we first need to know how electricity is produced. Electricity can be produced in a number of ways: solar, turbine, hydro, combustion, ECT

In the ever-evolving landscape of the Nigerian business, few sectors have witnessed such a remarkable and rapid transformation as the solar energy industry. The global shift towards sustainability, combined with technological advancements and governmental support, has pushed solar businesses into the forefront of the energy revolution. As a savvy entrepreneur or a seasoned businessperson, you must have recognized the immense potential within the solar sector. However, to navigate this booming industry successfully, you need more than just a great idea and passion. You need a well-structured, comprehensive, and professional solar business plan in Nigeria.

This article will serve as your guide to crafting a solar business plan in Nigeria that not only impresses potential investors and stakeholders but also acts as the blueprint for your solar enterprise. Whether you’re a newcomer to the industry or a solar veteran looking to formalize your vision, this guide will provide invaluable insights, strategies, and writing techniques to create a solar business plan that stands out.

Solar Business Plan in Nigeria  Market Analysis

The first step in writing a professional Solar business plan is to conduct a market analysis to identify gap in the market and create strategies to successfully penetrate the Nigerian solar market.

In this section, we will explore the critical process of conducting a comprehensive market analysis for your solar business plan. Understanding the market dynamics, trends, and competition is fundamental to making informed decisions and positioning your solar venture for success.

Market Trends: Analyzing the latest trends in the solar industry in Nigeria, including advancements in technology, government policies, and consumer preferences.

Target Audience: Identifying your ideal customer base and understanding their needs and pain points.

Competitor Analysis: Evaluating existing and potential competitors to gain insights into their strengths and weaknesses.

Regulatory Landscape: Navigating the complex world of solar energy regulations and government policies at local, national, and international levels.

A robust market analysis will not only provide you with a clear picture of the solar industry but also help you tailor your business strategies to meet the specific demands and opportunities within this dynamic industry.

Business Model and Strategy

The strategic aspects of a business plan is where you showcase your unique selling point to your investors. This section involves proper crafting and creativity in order to create an adequate solution that will properly handle the gap in the market effectively. Your business model and strategy are the cornerstones upon which your venture will be built, so it should be solid and well-defined.

Business Model: In this part of your solar business plan in Nigeria you’ll need to discuss various solar business models, such as solar installation, manufacturing, or consulting, and how you choose to serve the market while simultaneously achieving your goals and making a profit.

Value Proposition: Defining what sets your solar business apart from the competition and why customers should choose your solutions.

SWOT Analysis: Conduct a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to gain insights into your internal capabilities and external factors that can impact your success.

Scalability and Growth Strategy: Planning for the future by outlining how your solar business will scale and expand over time.

Your business model and strategy are the backbone of your solar business plan. They guide your decision-making, resource allocation, and long-term vision.

Solar Business Plan in Nigeria Financial Projections :

Funds are the fuel of any business and the financial aspects of your solar business plan must show how you plan to utilize the business funds it also help identify the start-up cost and running cost of the solar business.

Sound financial projections are essential for attracting investors, securing funding, and ensuring the financial sustainability of your solar venture.

Revenue Projections: Estimating your solar business’s income streams, including sales, contracts, and recurring revenue.

Expense Forecast: Analyzing the costs associated with operations, equipment, labour, and marketing.

Profitability Analysis: Calculate your expected profits, margins, and return on investment (ROI).

Funding Requirements: Determining the amount of capital needed to launch and sustain your solar business.

Effective financial planning not only demonstrates the viability of your solar venture but also helps you make informed decisions to achieve your financial goals.

Solar Business Plan in Nigeria Marketing and Sales Strategies

In this section, we’ll explore the critical aspects of marketing and sales within the context of your solar business plan in Nigeria. Even the most innovative solar solutions require effective promotion to reach your target audience.

Target Audience Segmentation: you must identify and segment your potential customers to tailor your marketing efforts effectively.

Branding and Messaging: Creating a compelling brand identity and crafting persuasive messages that resonate with your audience.

Marketing Channels: Exploring various marketing channels, from digital marketing and social media to traditional advertising and partnerships.

Sales Strategy: Develop a sales strategy that aligns with your business model and ensures consistent revenue generation. Marketing and sales are the engines that drive customer acquisition and revenue growth.

Operational Plan

sample of a business plan in nigeria

This section of your solar business plan focuses on the operational aspects of your solar business in Nigeria. Efficient and well-structured operations are crucial for delivering high-quality solar solutions and maintaining customer satisfaction. Here’s what this section entails:

Facility and Equipment: Discuss the physical infrastructure and solar equipment needed for your operations. Supply Chain Management: Ensuring a smooth flow of materials and components for solar installations or manufacturing. Quality Control: Implementing processes to maintain the highest standards in solar product or service quality. Workflow and Efficiency: Streamlining daily operations to maximize productivity and minimize costs. An effective operational plan is essential for delivering on your promises to customers and stakeholders. In this section, the next section of this guild contains insights and strategies to build a strong foundation for the day-to-day activities of your solar business.

Solar Business Plan in Nigeria Team and Management

sample of a business plan in nigeria

The importance of the right management for your solar business cannot be over-emphasized, because the success and failure of any business is determined by how well it is managed. Having the right team and effective management in your solar business puts you on the right path to success. In this section of the solar business plan, you’ll need to showcase your management team by highlighting their skills and experience. Remember the success of your venture depends significantly on the people handling it, so you must be careful when choosing your team.

Team Composition: How you intend to assemble a skilled and diverse team, including experts in solar technology, marketing, finance, and operations.

Leadership and Management: The role of leadership in setting the vision and guiding the team to success.

Training and Development: Strategies for nurturing talent, ensuring ongoing education, and fostering a culture of innovation.

Communication and Collaboration: Building effective communication channels and promoting collaboration within your solar business.

The right team and management structure are essential for executing your business plan effectively and adapting to the dynamic solar industry.

Sustainability and Environmental Impact

Solar business is a good business idea just like any other business but the difference between an idea and a business opportunity it’s the sustainability of that business idea. In this section of your solar business plan in Nigeria, you’ll need to showcase the significance of sustainability and environmental impact of the solar business , by highlighting it’s advantages over other similar businesses. The solar industry is inherently linked to environmental responsibility, and showcasing your commitment can set you apart.

Sustainable Practices: Strategies for integrating eco-friendly and sustainable practices into your solar business operations. Environmental Benefits: Highlighting the positive impact of solar energy on reducing carbon emissions and mitigating climate change. Regulatory Compliance: Ensuring that your solar business adheres to environmental regulations and standards. Incorporating sustainability and emphasizing your environmental impact can not only attract environmentally-conscious customers but also align your solar business with the global push for a greener future.

Risk Assessment and Mitigation

Risk Assessment is a crucial topic in a business plan, you must create a mitigation strategy to help the risk associated with the solar business. Every business faces uncertainties, and being prepared is key to long-term success. Here’s what you should cover in this section.

Identifying Risks: Examining potential risks and challenges specific to the solar industry, including market fluctuations, regulatory changes, and supply chain disruptions.

Risk Mitigation Strategies: Develop strategies to proactively mitigate and manage these risks, such as diversification, contingency planning, and insurance.

Crisis Management: Creating a plan for responding to unexpected crises and emergencies, ensuring minimal disruption to your solar business.

A well-thought-out risk assessment and mitigation plan can instil confidence in investors and stakeholders, demonstrating your preparedness to navigate challenges in the dynamic solar market.

We believe we’ve been able to guide you on how to create a professional solar business plan that would not only guide your business operations but also steer your business in the right direction for success. The more robust and detailed your business plan is the more it will attract investors and create easy access to loan and grant applications.

We at NaijaCEO provide a cutting-edge solar business plan that contains accurate market analysis and our experience in professional business plan writing will give you great value for your money.

Writing a business plan can sometimes be time-consuming and painstaking, which is why we’ve decided to help young entrepreneurs and small start-ups do the heavy lifting while they focus on other important things. Contact us now and get your solar business plan in Nigeria fast and easy.

Our professional services don’t just include business plan creation, but we guide you along the way so you can create a successful business that stands out. Congratulations on your newfound business and good luck.

MICAH ERUMAKA aka NAIJACEO

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Micah Erumaka

Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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  • Business Plan

Bakery / Bread Business Plan in Nigeria

Bakery (Bread) Business Plan in Nigeria PDF Download

Our Bakery / Bread Business Plan in Nigeria is well documented and can also be used for, but not limited to:

  • Grant Applications,
  • Bank Loans,
  • Proposal writing,
  • Business Concept Note,
  • Competitions e.t.c

Purpose of the Bakery / Bread Business Plan in Nigeria

The Bakery / Bread Business Plan in Nigeria will be of great use:

  • To formulate a strategy for starting and growing the business or existing business by identifying where the business is going and how to get there.
  • To test the viability of the business idea and maximize its opportunities.
  • To Obtain funding and achieve business goals and success. e.t.c

Benefits of the Bakery / Bread Business Plan in Nigeria

The Bakery / Bread Business Plan in Nigeria in beneficial because

  • It helps in outlining the steps needed to achieve the business goals and ideas.
  • It helps to articulate strategy to stakeholders who support the business.

Importance of the Bakery / Bread Business Plan in Nigeria

The Bakery / Bread Business Plan in Nigeria is important because

  • It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
  • It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Bakery / Bread Business Plan in Nigeria

  • Executive Summary
  • Introduction
  • Business Description
  • Keys to Success
  • Products and Services
  • Market Analysis
  • Our Target Market
  • Pricing Strategy
  • Competitor Analysis
  • Sales and Marketing Plan
  • SWOT Analysis
  • PEST Analysis
  • Operational Plan
  • Management plan
  • Financial Plan and Projections
  • Financial Diagnostics

How to Get The Complete Bakery / Bread Business Plan in Nigeria

List of Business Plans in Nigeria (Samphina Academy)

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Example of Business Plan in Nigeria

  • Dayo Adetiloye Business Hub

sample of a business plan in nigeria

A business plan is a well-written document consisting of various elements: an executive summary, company description, products and services, market analysis, organization and management, marketing and sales plan, operational plan, and financial plan. These elements written together provide a practical overview of your vision. It can turn your ideas into viable reality and help pitch your idea to investors when seeking funding.

There are different business industries and sectors you can write a business plan for. Few of the industries include; food and restaurant, real estate, education, software development, retail and online store, medical and health care, salon, spa and fitness, Non-profit organization, transportation, media and entertainment, agriculture, cosmetology, oil and gas, fintech, event planning, manufacturing, and others.

Why is a business plan essential?

  • It helps in investment-seeking: To convey your vision to potential investors. Also, to attract key employees, suppliers and partners.
  • It helps to know more about your business: It gives a proper insight into your business and how you can improve.
  • It shows your company’s level of progress and what you need to do more to enhance productivity.
  • To have adequate knowledge about your business industry and trending trends in the market
  • To set better objectives that are achievable
  • To know the business risks and how to reduce them.

In writing a standard business plan, you need to ensure that all necessary requirements are in the business plan.

The table of content for a standard business plan;

  • Executive Summary
  • Company description
  • Market Analysis and Competition
  • Marketing plan and strategy
  • Management plan and ownership
  • Operational Plan
  • Financial Plan

Executive Summary:

The Executive Summary serves as the gateway to your business plan, offering a concise yet compelling snapshot of your entire venture. Its primary purpose is to grab the reader’s attention and provide them with a comprehensive understanding of your business proposition. Here’s a breakdown of what it typically includes:

Problem Statement :

Solution overview :, target market :, financial highlights :, management team :.

Overall, the Executive Summary encapsulates the essence of your business plan, offering a glimpse into the problem you solve, the solution you provide, your target market, financial prospects, and the competence of your management team. It should be compelling, persuasive, and leave the reader eager to learn more about your venture.

Example: Water is an essential resource to human lives. Our body uses water to help regulate temperature and maintain other bodily functions. Our body loses water through sweating and digestion; therefore, it is important to rehydrate by drinking clean water and eating foods that contain water. People die daily in kanatuwa, Warri, because of a lack of clean water. At ABC factory, we produce clean water at affordable rates to the people of kanatuwa; our target market includes; individuals, households, students, churches, mosques, and corporate organizations.

Company description:

The Company Description section of your business plan provides a comprehensive overview of your venture, offering insights into its structure, mission, products/services, goals, and more. Here’s a breakdown of the components typically included in this section:

Company Details :

Type of business structure :, owners and board of directors :, mission and vision statement :, products and services :, objectives and goals :, company origin story :.

By including these elements in your Company Description, you provide stakeholders with a comprehensive understanding of your business, its purpose, offerings, goals, and origins. This section sets the stage for the rest of your business plan, laying the groundwork for the reader to delve deeper into the specifics of your venture.

Market Analysis and Competition:

The Market Analysis and Competition section of your business plan is crucial for understanding the landscape in which your company operates. It involves thorough research into market conditions, target demographics, industry trends, and competitive forces. Here’s how you can approach each aspect of this section:

Market Conditions :

Target market analysis :, industry trends :, competitive analysis :, competitive advantage and unique selling proposition (usp) :, market research insights :.

By conducting a thorough market analysis and competitive assessment, you’ll gain valuable insights that inform your business decisions, enable you to identify growth opportunities, and position your company for success in a competitive marketplace.

Marketing plan and strategy :

Creating a marketing strategy is an essential aspect of a business. Marketing plan will identify the ways your products and services will get to the market. It gives you a view of how you will sell your products and services and attract potential customers. These strategies may include advertising and promotion, sales and distribution, pricing strategy, and post-sales support.

Example: ABC will market their products through google ads, social media platforms, search engines, radio and television adverts, sharing of handbills, fliers, and billboard advertisements.

Read also: Egg production Business Plan in Nigeria

sample of a business plan in nigeria

Management plan and ownership:

This section describes the business management team, ownership, legal structure, and staffing requirements. You state the uniqueness of the management structure, roles of each staff and show an organization chart.

Operational Plan:

The operational plan shows the business’s physical requirements such as office, equipment, warehouse, supply chains, and human resources. It indicates specific employee’s obligations, how they should execute them with a defined timeline. The operational plan shows the day-to-day tasks and duties to ensure a clear path to business success.

Financial Plan:

This is one of the most crucial parts of the business plan; the financial plan must demonstrate the business growth and profitability potential. To do this, you need to calculate income statements, cash flows, and balance sheets. Outline your financial analysis, the operating cost, revenue projections, salary breakdown, and so on.

Appendices:

This section should contain any other detailed information needed to support other areas of the business plan, a list of equipment, brochures, resumes of key employees, and any other important document.

Conclusion: Business plans serve diverse purposes, and before you start writing, you need to think about who the audience are and the business’s goals. Your business plan must be well-explanatory and understandable to anyone who reads it.

We help institutions and organizations write concepts, implement Business plans, and train in business Plan writing in Nigeria. We can help you write a detailed, strong, and winning business Plan for any use. Call me at 08105636015, 08076359735, or Send me an email at: [email protected].

Click here to access your Free Gift on How to Secure Funding for your business in Nigeria and other business opportunities and information to help you discover, develop, and fulfill your business potential.

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision: To become the leading grassroot business Hub that provides Business Development Services in the global online community

Mission Statement: – Provide bespoke management and business planning consultancy – To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing. – To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year – Become a go-to brand for outstanding business development services for MSMEs – Strategic partnership with local and international organization to empower start-ups – Continuous innovation to serve our clients better

Core Values: Integrity Opportunity Maximization Digitalization Personal Development (Capacity Building) Excellent Customer Satisfaction Timeliness

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