EXECUTIVE
SUMMARY
Following the
high demand of Agricultural products to the state and haven’t considered the
constrains or the factors that limits the maximum production of Agricultural products
in the state. It has occur to my focus mind that it will be of a great business
opportunity to go into importation/marketing.
Agro – Chemicals
which will cater for the farmers economic lost in their farms and induce high
economic return from the farmers.
However, this
business idea is aimed at setting in reputable Agro-Chemical enterprise to
address the challenges farmers do have result of the scarcity of this product
in the state in the scarcity of this Agro-Chemical products has lead farmers to
the purchasing of adulterated products from food side outlets which intum cause
high economic lost to the farmers.
Obviously, this
enterprise is poised to bring improvement and transformation in the quality of
the Agro-Chemical product the sell to farmers. Moreover, this venture will
specialize in the important/marking of all sorts of Agro-Chemicals,
insecticide, vaccines animals drugs, etc. both in wholesale and retail form.
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This is a business plan sample..... We can write a Feasibility study / Business Plan for that business you want to venture in; a Business proposal for that bank loan / grant you want to collect to start your business.... Click Here for detailed Explanation
MARKET PLAN
CURRENT STATUS
There is no
actual competitors in the market for now and hence gives my business an added
advantage to thrive in this state.
Therefore,
currently, plan to start by colonizing the capital city of Abakaliki before
founding my way to the targeted village farmers.
OPERATION/MERCHANDISING
PLAN DEVELOPMENT PLAN
As the business expand
I will definitely increase the number of containers import from containers to 6
containers in every three month.
However, I will
equally create more outlets or branches for the dispersion of my goods
services. And also time will come when I will establishment accompany that
produces all these chemicals in the state.
MAMA
GEMEUT IS ORGANATION. DP
As the business
expands such that I have succeeded in establishing my own production/manufacturing
company, I will as well employ my labours and technicians and as well
production and operation managers.
As this is done,
it will go along way in redressing the problem of unemployment in the state and
our counting Nigeria at large.
The salary of
the workers will as well be increased by 30% to boot their income. This report
on the establishment of this Agro-Chemical enterprise was based on the research
and the feasibility study I have carried on for quite a good number of time
starting from x100.2012 – Feb, 2013.
The information
was collected through services of survey I conducted within Abakaliki
metropolis to determine the viability of the business.
However
everything has also been put in place to ensure that this enterprise is
properly registered in such places like the corporate affairs commission etc.
I have also
succeeds in linking with the best company specialized in Agro-Chemical
manufacturing sited at United State of America. However, it is capital
intensive to start this business but with N500, 000 I can hook up with the
company specialized in the prod of this product with little or no computer in
the business I believing that the farmers will view it as well development.
It therefore
mean that this buries will utmost thrive in this state with other animal income
of 1.4 million with increasing sales at 40% for the per 54%
BUSINESS
DESERTION
This enterprise
will venture into selling of different types of chemical necessary for
Agricultural production such include low pest, furandan, selective and
nonselective herbicide vaccine and animal drug etc. the services of this
enterprise is structured in such away that farmers will easily aces it and
thus, enjoy if a measures will also be put in place to avoid importation of
adulterated product to prevent economic lost by the farmers.
The business
will be located at the heart centre of the town which has a good channels to
all the rural areas within the state. As a beginner, all my equipments, house
etc are brown new which has been brought at the rate of 3.2 million and is Nell
positioned with pace for car parking other purposes.
As an
undergraduate in Agriculture and haring gathered so much experience in the
field have development many strategies to ensure that the business stands firm
without collapse. Such strategies include extensive teaching which has to do with
educating the farmers on how to use the product effective so as to achieve high
economic return.
BUSINESS
ENVIRONMENT ANALYSIS CURRENT STATUS
Though for now
may have not seen any need to go into this business reason been that the still
see former this state as a poor class citizens who cannot patronize them well.
As a result of the above, there is no competitor in the market for now.
DEVELOPMENT
PLAN
The design of
this business will in future attract so many investors, which will intern make
the business completive thereby making supply higher than demand.
For the
enterprise do with stand this shock that will come in future as a result of
competitors in the market more skillful technique will be put in place to bead
them down such which may include service contact with the farmers business
promo. Etc.
MARKET
PLAN
The products
will be made available to the farmer residing far from the main site of the
enterprise by creating other channels for out let of the product.
However, each
depot will be given a sales quota that will be achieved in order for us to realize
the estimated sales of N500. Million annually. There will also be best awarding
of prices to depots that made the highest sales.
Public awareness
or Advertisement on Tev-N25,000
Advertisement on
Redion N7,500
Others now sappers
N3500
Total N36,000
Sales promotion
will also be observed as we will from time to time shall use our delivery vans,
resisting some local markets to advertise the bus by selling of attractive
price.
MARKET
ANALYSIS
Based on the
survey I carried across the markets in years of have found out that there is no
accredited outlet that supplies Agro-Chemical products in the state. And for the
fear of purchase adulterated product, farmers are always seared of going to
those outlets to get their product.
In view of the
above, it shows that there is a good atmosplore for this business thrive in the
state hence there is no already existing competitors.
Due to the high
demand of this product by the farmers in the state I leant to aim at generating
at least 12m. with sales increasing at the rate of 30 percent for alleast the
next 6yrs.
OPERATIONERS
PLAN/MERCHANGES
Before on and
now proper arrangement reached between the reputable industries U.S.A that avoiding
as it concemas the importation of this Agro-Chemical products. As it stands
still they have accepted to be supplying this my enterprise three (3) containers
of this product every months at a reachable price of N4m.
An inventory
record shall also be properly kept to monitor the expansion for liquidation of
this enterprise.
The storage
facilities for some of this products include:
1. Refrigerator/Freezer
N80,000
2. Micro-waste
at rate of N80.000
3. Air conditioner to maintain suitable
environment for the products at the cose of 150,000 for 3 sects
4. Hydrogen peroxide for storage of some
products etc – N30,000
Total = 4.38M.
5. Bus for the destination of the product
to rural populace.
MANAGEMENT/ORGANIZATION
The venture is sole proprietorship
business, it also encompasses other meals of management term who their roles
responsibility and entitlement are discuss below
1. Nwonu chide: This the CEO of the
enterprise I have acquired managerial skills in my course of study in the
university. I have also added advantage in the arc of business administration as
I have be exposed widely in the area of Agri-business at the cost of my study.
2. Edeogu Amadu: General manger. Engr.
Edegu has had worked as a production manager in a reputable chemical production
company which generates a total revenue of N10.5billion annually. He has gathered
so much experience Suring this working days in that company as the general manager
of the company, he will regulate the activities of other worker in this form
and other diligent dutecs as the manager of the company he salary will be 30%
above other workers.
3. Mr. Nweke Orna: Accountant. Mr. Nweke
is a professional account who baged degree honour in accountancy. He shall be
the finance manager of the company. His salary will be N60,000 a month.
4. Other: This option includes sales
boys/girls distribution agents and units co-odernators.
Each of their salary will be determine by
the quality and quantity of service they render to this company.
FINANCIAL
PLAN
Project income statement for first year
ending December, 31
Sales
|
||
Opening stock of finished goods
|
4,000,000
|
|
Cost of factory output
|
1.1m
|
|
Goods available for sale
|
3.2m
|
|
Less ending stock
|
500,000
|
|
Cost of goods sold
|
2.5m
|
|
Gross profit
|
2.8m
|
|
Operating expenses
|
||
Wages and salaries
|
350,000
|
|
Rent
|
150,000
|
|
Insurance
|
15,000
|
|
Light, fuel & power
|
85,000
|
|
Maintenance/Repairs
|
25,000
|
|
Transportation
|
20,000
|
|
Advertisements
|
36,000
|
|
Stationery
|
10,000
|
|
Depreciation
|
45,000
|
|
Security
|
18,000
|
|
Miscellaneous
|
30,000
|
|
Total operating expense
|
784,000
|
|
Net profit before taxes
|
2000,000
|
|
Less 45% tax
|
1,540,342
|
|
Net profit after fixation
|
1,882,640
|
CONDENCSED
PROJECTED INCOME
STATEMENT
FOR THE FIVE YEARS
1
|
2
|
3
|
4
|
5
|
|
Sales
|
4m
|
5.1m
|
7.2m
|
9m
|
12m
|
Cost of goods sold
|
2.5m
|
2.8m
|
3.2m
|
4.1m
|
6.5m
|
Gross profit
|
2.8m
|
3.2m
|
4.5m
|
5m
|
5.5m
|
Operating expense
|
784,000
|
1.2m
|
1.74m
|
2.80m
|
3.4m
|
Net profit before tax
|
|||||
Net profit tax
|
PROJECTED
BALANCE SHEET AS AT DEC. 31, 20 (1ST YEAR)
Asset
|
||
Cash
|
650,000
|
|
Accounts Receivable
|
840,000
|
|
Inventories/both material
|
1.74m
|
|
Finished goods
|
||
Current Assets
|
||
Fixed Assets net
|
||
Total Assets
|
||
Liabilities
|
||
Accounts payable
|
||
Capital
|
||
Add net profit
|
||
Net work
|
||
Total liabilities
|
||
Net worth
|
CONCLUSION
Based on the proceeding analysis, this
venture has the critically proven itself to be a successful one taken every
factors into consideration.
Undoubtecally
I believe that this thrive successfully in this state with increasing 30%
return of interest profit for the period of 5-7 years.
This is a business plan sample..... We can write a Feasibility
study / Business Plan for that business you want to venture in; a Business
proposal for that bank loan / grant you want to collect to start your
business.... Click Here for detailed Explanation
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