DESCRIBE YOUR BUSINESS
Star ventures,We will be producing quality ultra soft,strong toilet tissue/rolls that offers 3D texture which provides strength with improved flexibility
Star ventures,We will be producing quality ultra soft,strong toilet tissue/rolls that offers 3D texture which provides strength with improved flexibility
INDUSTRY-SECTOR
Toilet tissue/roll production
Toilet tissue/roll production
WHAT BENEFITS OF THE PRODUCT OR SERVICE ENABLES YOUR BUSINESS TO STAND OUT FROM YOUR COMPETITORS?
1) Quality ultra soft,strong,toilet tissue/rolls but pocket friendly
2) Extra Value for money by adding Extra-ply
3) Our supplying strategy will be one in town
4) Offers discount for mass purchase
5) Offers squeezable softness and Strength
6) Safer for sewer and septic systems
7) Donation of toilet tissue/rolls to Govt hospitals and Boarding schools annually in my locality/state
2) Extra Value for money by adding Extra-ply
3) Our supplying strategy will be one in town
4) Offers discount for mass purchase
5) Offers squeezable softness and Strength
6) Safer for sewer and septic systems
7) Donation of toilet tissue/rolls to Govt hospitals and Boarding schools annually in my locality/state
DOES THIS MEET A PARTICULAR NEED OR DEMAND (YOUR COMPETITIVE ADVANTAGES, IF ANY)?
Yes,because there is ever increasing demand for toilet tissue/rolls in the country because of our ever growing population and Variety of things it is been used for,but unfortunately there is no Sufficient industry to produce quality ultra Soft toilet tissue/roll which will also be pocket friendly
Competitive advantages is access to,modern techniques and Facilities
Yes,because there is ever increasing demand for toilet tissue/rolls in the country because of our ever growing population and Variety of things it is been used for,but unfortunately there is no Sufficient industry to produce quality ultra Soft toilet tissue/roll which will also be pocket friendly
Competitive advantages is access to,modern techniques and Facilities
NAME FIVE OF YOUR EXISTING OR EXPECTED TOP CUSTOMERS, HOW WILL YOU ATTRACT THESE CUSTOMERS TO YOUR POINT OF SALE?
1) Hospitals
2) Supermarkets and Shops
3) Individuals/Families
4) Schools
5) Hotels
1) Hospitals
2) Supermarkets and Shops
3) Individuals/Families
4) Schools
5) Hotels
I will attract them to my point of sale by advertisements through the following ways
1) Radio Station
2) Community services
3) Billboards
4) Social networks
5) Personal conversations
6) Posters and banners
7) Newspaper
8) TV Stations
9) Printing and distribution of leaflets
10) Ads on popular websites
11) Bulk sms
12) Publications
1) Radio Station
2) Community services
3) Billboards
4) Social networks
5) Personal conversations
6) Posters and banners
7) Newspaper
8) TV Stations
9) Printing and distribution of leaflets
10) Ads on popular websites
11) Bulk sms
12) Publications
HOW MANY NEW, FULL-TIME (OR EQUIVALENT) STAFF WILL BE EMPLOYED IN THE BUSINESS 12 MONTHS FROM RECEIVING THE FIRST STAGE AWARD?
15
DESCRIBE THE BENEFIT YOU AND YOUR PROPOSED STAFF WILL BRING TO THE BUSINESS, INCLUDING: EXPERTISE, TRACK RECORD IN THE INDUSTRY AND MANAGEMENT EXPERIENCE
Because of our accumulated knowledge and Experience gained from working in a toilet tissue/roll industry for the past 6 years,we are going to use the wealth of our experience to make good business decisions,lead subordinate,develop an attractive marketing mix,implement viable product penetration and Acceptance strategy and Finally our good response behaviour and Communication skills
NAME YOUR THREE LARGEST EXISTING/EXPECTED COMPETITORS. WHICH, IF ANY, HAVE A LOCALIZED PRESENCE OR DISTRIBUTOR NETWORK?
1) Three Star Nigeria
Strengths
a)Brand reputation
b)Good image
Weakness
a)Many inexperience marketers
b)LowProductivity
a)Many inexperience marketers
b)LowProductivity
2) SmartSoft Nig
Strengths
a)Strong leadership
b)Good Resources
Strengths
a)Strong leadership
b)Good Resources
Weakness
a)No flexibility in production
b)No Brand reputation
3) Equity
Strengths
a)10% of market share
b)leadership and Management skills
Weakness
a)Lack of financial resources
b)No Technological leadership
None has distributor network/localised presence in my locality
DESCRIBE THE MATERIALS YOU WILL NEED TO CREATE YOUR PRODUCT OR SERVICE. ARE THESE MATERIALS READILY AVAILABLE, AT THE RIGHT PRICE AND QUANTITY, IN YOUR LOCALITY? IF YES, PLEASE DESCRIBE ANY RELEVANT INFORMATION.
1) A building for the factory
2) Jumbo reels
3) A fairly used truck for distribution/sales of products
4) Core paper
5) Pre-printed paper wrappers
6) Glue/Adhesives
7) Cellophane wrappers
8) A rented warehouse in the nearest market
9) Water
These materials are readily available at the right price and quantity in my locality
1) A building for the factory
2) Jumbo reels
3) A fairly used truck for distribution/sales of products
4) Core paper
5) Pre-printed paper wrappers
6) Glue/Adhesives
7) Cellophane wrappers
8) A rented warehouse in the nearest market
9) Water
These materials are readily available at the right price and quantity in my locality
IS THERE AN EXISTING OR EXPECTED LEAD TIME FOR MANUFACTURE, SET-UP, HARVEST OR BREEDING? IF YES, GIVE ESTIMATED LEAD TIMES FOR EACH PRODUCT?
1) Small sized toilet tissue/roll:lead time=4Hours
2) Big sized toilet tissue/roll:lead time=4Hours
WHAT RISKS OR CHALLENGES MIGHT AFFECT THE SUCCESS OF YOUR BUSINESS, INCLUDING: LICENSES AND ACCREDITATION (WHAT CAN STOP YOU FROM MAKING THIS BUSINESS A SUCCESS)? HOW WILL YOU REDUCE OR MITIGATE THESE RISKS?1) Inadequate power
2) Fluctuating price of Raw Materials
3) Low market penetration and Acceptance
4) Delay in obtaining operational licenses
5) Technical risks
6) Truck breakdown
7) Natural Disasters
2) Fluctuating price of Raw Materials
3) Low market penetration and Acceptance
4) Delay in obtaining operational licenses
5) Technical risks
6) Truck breakdown
7) Natural Disasters
SOLUTIONS
1) Alternative power
2) Buying raw materials in bulk
3) Aggressive marketing
4) Compliance to all requirements for setting up anEnterprise
5) Qualitative and Regular trainings for technical staffs
6) Regular maintenance
7) Insurance cover
WHAT ARE YOUR CURRENT AND EXPECTED SALES WITHIN THE NEXT 12 MONTHS (UNITS AND INCOME) ? IF THERE IS ANY SEASONALITY, PLEASE EXPLAIN. EXPECTED SALES (COMPANY PRICES)
1) Small sized toilet tissue/roll=1pack= N1400(its 40pieces in a pack)4286packs *N1400=N6,000,400
2) Big sized toilet tissue/roll=1pack=N1800(its 12pieces in a pack)3334packs*N1800=N6,001,200
TOTAL EXPECTED SALES = N12,001,600
Toilet tissue/roll sales at all time of the year
WHAT AMOUNT OF SALES,IN NAIRA PER MONTH, MUST YOU ACHIEVE TO REACH PROFITABILITY?
N1,000,133.33K
N1,000,133.33K
WHEN DO YOU EXPECT TO ACHIEVE THIS (HOW MANY MONTHS AFTER RECEIVING YOUR FIRST GRANT AWARD)?
3
3
HOW MUCH MONEY (NAIRA) DO YOU WANT FROM YOUWIN? (₦10M MAXIMUM) ₦10,000,000
Break this figure down into relevant categories. Note: a maximum 40% of the total award is usually allotted to Capital equipment, as the remainder of the award must be sufficient to fund operational expenses of a growing business.
CAPITAL EQUIPMENT (E.G. MACHINERY, LAND, BUILDING)
₦4,000,000
₦4,000,000
OPERATING EXPENSES (E.G. WAGES, RAW MATERIALS, STOCK)
₦5,000,000
₦5,000,000
OTHER (E.G. PRE-START. SET-UP COSTS, ACCREDITATION)
₦1,000,000
WHAT IS THE MINIMUM EQUIPMENT COST THAT IS NECESSARY TO COMMENCE TRADING OR EXPAND YOUR BUSINESS?
₦4,000,000
₦4,000,000
DESCRIBE THIS EQUIPMENT
1) Core making machine
2) Jumbo rods re-winder
3) A standby generator for alternative power supply
4) Band saw cutter
5) Table for pasting label and accumulating toilet papers log
6) Packing desk
2) Jumbo rods re-winder
3) A standby generator for alternative power supply
4) Band saw cutter
5) Table for pasting label and accumulating toilet papers log
6) Packing desk
HOW MUCH MONEY HAVE YOU ALREADY SPENT ON CAPITAL EQUIPMENT? ₦100,000
HOW MUCH MONEY DO YOU REQUIRE OR EXPECT TO NEED FROM OTHER SOURCES (I.E.: INVESTORS, BANK LOANS, ETC)
₦1,000,000
₦1,000,000
STATE THE PROGRESS OF ANY LOAN APPLICATION
None
None
DESCRIBE ANY EXISTING FINANCE LOANS RELATED TO THE BUSINESS.
None
None
HOW MUCH MONEY WILL YOU OR YOUR FAMILY AND FRIENDS CONTRIBUTE TO THE BUSINESS IN THE NEXT 12 MONTHS?
₦2,000,000
₦2,000,000
HOW MUCH MONEY DO YOU PLAN TO TAKE OUT OF THE BUSINESS PERSONALLY (AVERAGE AMOUNT PER MONTH)?
₦0
₦0
PLEASE ADD ANY ADDITIONAL INFORMATION / COMMENTS THAT YOU FEEL MAYBE RELEVANT AND USEFUL WITH THIS APPLICATION.
I thank the federal government and YouWin team for this opportunity if granted,to create wealth and Jobs for Nigerians and also to contribute to charity by donation of toilet tissue/roll to my society annually. In addition,With the increasing population,change in the nations living habits and Rapid urbanization,there has been the pressing need for good waste management as well as good sewage disposal system. With this development the use of toilet tissue/rolls becomes the vogue and Mandatory in most homes that use water closet. Finally,If I am given this award I will do my best to make it a success by implementing any Viable strategy
QUESTIONS AND ANSWER YOU SHOULD ASK YOURSELF
1. Will you run the business in your own building or in a rented shop? If its in a rented building, what is the cost for rent in 1yr
Answer: Rented building #300,000 for one year.
2. Are you producing the products yourself or are your just going to buy from a producer or distributor?
I will buy from the distributors
I thank the federal government and YouWin team for this opportunity if granted,to create wealth and Jobs for Nigerians and also to contribute to charity by donation of toilet tissue/roll to my society annually. In addition,With the increasing population,change in the nations living habits and Rapid urbanization,there has been the pressing need for good waste management as well as good sewage disposal system. With this development the use of toilet tissue/rolls becomes the vogue and Mandatory in most homes that use water closet. Finally,If I am given this award I will do my best to make it a success by implementing any Viable strategy
QUESTIONS AND ANSWER YOU SHOULD ASK YOURSELF
1. Will you run the business in your own building or in a rented shop? If its in a rented building, what is the cost for rent in 1yr
Answer: Rented building #300,000 for one year.
2. Are you producing the products yourself or are your just going to buy from a producer or distributor?
I will buy from the distributors
3. How many staffs do you intend to employ in the first one year? How much is their salary?
I will employ 6 workers, salary 14000 each for 6 workers =84000 one year is 1008000.
I will employ 6 workers, salary 14000 each for 6 workers =84000 one year is 1008000.
4. Do you need to buy a vehicle for transportation?
yes at the middle of the year 550,000
yes at the middle of the year 550,000
5. Have you registered the business? If yes, how much did you spend?
I will registrar it when I start the business C.A.C 100,000
I will registrar it when I start the business C.A.C 100,000
6. Are you going to insure the business or not with an insurance company?
Not for now
Not for now
7. What type of office equipment do you want to buy for your office?
i. table and chair 10,000
ii. ii. A set of desktop computer 50,000
iii. iii. Tiles 20,000
i. table and chair 10,000
ii. ii. A set of desktop computer 50,000
iii. iii. Tiles 20,000
8. Apart from Youwin or any other bank grant, Are you going to include your private money to the business? Introduction of external funds (personal,family,loans) If yes, how much
Yes from family 200,000
Yes from family 200,000
9. How much can buy the stock needed for your business
2900,000 for one year.
2900,000 for one year.
10. Are you going to advertise the business on radio or tv?
Yes 10,000
Yes 10,000
11. Are you going to sell on credit?
Yes on monthly terms
Yes on monthly terms
12. How much do you pay for tax in your state?
I don't know the actual Amount there pay in my own state
NOTE:- this business is not an existing business but it's a pre-start
I don't know the actual Amount there pay in my own state
NOTE:- this business is not an existing business but it's a pre-start
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