Block Industry Business Plan & Feasibility Study in Nigeria (Concrete Block Molding) - A local Block Industry (Concrete Block Molding) Business Plan will explain all you need to know about setting up your block industry, equipment required, funding requirements, and the cash flow analysis.
Why do you need a business plan before venturing into block molding? Is block industry making money in this business? These are some common frequently asked questions. A professional business plan usually provide answers to all these questions and more – To get a professional help, Click Here to Contact a Verified Business Plan Developer in Nigeria.
It is a known fact that on daily basis, new factories, offices and residential houses are erected or renovated. This is the main reason a block molding industry is a venture that profits the owners as there is an increasing demand for cement blocks from individuals, the government, companies, multi-national contractors, and so on, for building purposes.
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Notwithstanding this high demand for solid blocks, which makes the business a very beneficial one, the government and high authorities in various countries especially in Nigeria still advocate that all builders, civil contractors and construction companies should use only certified and original building materials, of which solid concrete blocks are part is a major material, to make sure that disasters such as the collapse of buildings are seriously circumvented. This has been one of the major reasons why every prospective cement block producer has to be eager to know about the block industry safety in business as this will really help to increase his/her productivity in the long term.
Therefore, if you are concerned and preparing to own your own cement block industry, you should settle in to read carefully about some of the basic guidelines you need to know, so as to be very effective in the business.
Carryout a Business Plan and Feasibility Study Report
Before starting up a business, you need to plan for it. A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. WHILE a feasibility study report is an assessment of the practicality of a proposed plan or method which is an analysis of how successfully a project can be completed, accounting for factors that affect it such as economic, technological, legal and scheduling an assessment of the practicality of a proposed plan or method. Project managers use feasibility studies to determine potential positive and negative outcomes of a project before investing a considerable amount of time and money into it. You can Click Here To Get a Business Plan at affording rates
Cement Block Industry Market Survey
While carrying out a plan for your business, you will need to conduct a proper market survey. It is advisable to just go into a business without of having a practical information about it. That is why it is highly recommended for the market survey to be done because it allows you to know the startup techniques; the cost of cement & other raw materials, operation costs, types of equipment you will need, the cost of recruiting skilled workforce, know equipment that can be reliable and durable amid other things. Most of this information can be gotten by contacting and visiting third party block industries that you can easily access, reading relevant civil construction books, surfing the internet and going to the market to find out prices of the materials you will be making use of.
Practical Physical Training of Block Molding
The block molding job is not really for lazy people because you will also need training and strength (that is if you will partake/assist in the manpower), so you can have a firsthand knowledge about the business you are going into, and already existing block molding industries can be of help. Be aware that you may need to pay these third party block industries for intensive training.
Registration, Licensing and Certifications
Now that you have successfully completed that market survey, you need to goto your local authorities since the concrete block molding industry, is not a business you can run from the comfort of your home. That being said, you need to make proper documentation and licensing of the business with the relevant agencies such as Corporate Affairs Commission (CAC) and Concrete Block Manufacture Association of Nigeria (CBMAN), this is extremely required.
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Block Industry Site Location
Naturally, a business thrives more depending on the location. So for a place to locate your block industry business, you will seriously need a place that can be easily accessible with good access road. Again, you also need to contemplate your closeness to adequate water supply (borehole is recommended). You can also connect a pumping machine to a river if your location is close to one but while doing that, you will have to ensure that the place is not swampy or prone to flood as it will affect your already molded blocks on the long run.
Purchasing of Block Industry Raw Materials, Equipment & Tools
The basic equipment required for the concrete block molding business includes; a block processing machine, a sound leister generator, a truck and wooden pallets. If you don’t have enough capital to go for brand new ones, you could opt for the fairly used ones as long as they are reliable for the successful operation of the business. Then as you start making your profits, you could get new ones. You also need to purchase raw materials like sand, stone dusts and cement. Other operating cost can include mainly diesel to power your generator.
Employment of Professional / Capable Hands
This business cannot be easily ran by single man because it may be too strenuous especially in Nigeria where technology of carry blocks by machines don’t come cheaply. You need to employ only few hands. Note that you must not employ a lot of workers when you are beginning your business which may lead to payment of too much labour. You can start with a minimum of four to six workers, which would mean having two mixers, two carriers, one operator and a helper, you can then expand this number as your business grows, but ensure that your workers nonetheless are competent and hardworking.
Quality Control Measures
Quality is the secret to safety and good name. For the sake of the success of your business and for the sake of your customers’ lives, you need to manufacture solid cement blocks with highest quality cement and sand that dries quickly for commercial usage. This is because every buyer looks out for solid blocks that are of high quality. So your workers have to be aware of the fact, that the quality of the block is paramount and should not be compromised. This will also help to boost your business as it would attract and keep customers for you. Note that you can be persecuted by the local laws if your blocks causes the collapse of a building and you will automatically lose customers for life which will eventually kick you out of the business
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