How to write a business plan in Nigeria

 
How to write a business plan under the UNIDO standards? Below we offer you a structure of the document under the UNIDO standards, but the following business plan format is not mandatory.

 1. Summary It briefly outlines the content of the future project, the main idea, and conclusions. It’s approximately in 6-7 small sentences. After reading this resume, a person should understand what will be discussed further and what the venture will lead to. It’s not a complicated aspect so it should not take much time. Divide the information into the following points: amount of investment and loan funds maturity investors involvement guarantees and risks planned period of payback

 2. Description of the project and company Divide the section into two sub-parts: 1. Industry and company It includes: industry directions and its prospects company directions and its development general information about the company (mission and vision, advantages, innovations) structure of the company 2. Provided services and manufactured products Write here: name and purpose short description application area competitiveness (differences, advantages, disadvantages) licenses, certificates, and permits conditions of production, sales or services.
  
3. Marketing plan It means a description of the competitive environment, the product place on the market, its advantages and disadvantages, accessibility to customers, target audience, etc. The goal of the part is to convince investors of the relevance of the product/service. Expand these topics market and competition analysis of the buyer (wholesale, retail) analysis of the end user and his needs (age, gender, place of residence, etc.) consumer characteristics of the goods service and sales plan for attracting customers and advertising costs of the marketing plan implementing You have to do a marketing research industry analysis (if it's relevant to your business) research of consumer needs in this area competitors analysis consider your weaknesses, strengths, opportunities or threats for business (SWOT analysis)

4. Production plan It describes the production process starting from the order of raw materials and ending with the receipt of finished products in stores. Take into account every detail. It helps to avoid a lot of problems. The production plan contains technologies, equipment, skills, and other important production points. This is important for a manufacturing business. If you don’t plan to produce products, but want to be engaged in wholesale purchases for further retail good sales, describe all the features of the prospective suppliers, storage areas, and so on. The preliminary structure of the production plan: basic facts about the enterprise or production ( location, facilities, resources, technologies) enterprise equipment purchase number of personnel, their qualifications, and salary costs planned output volumes, expenses for raw materials and manufacturing the prime cost of goods calculation Write out the part of quality control of goods or services separately. How will the test be carried out? What criteria will be used? 
  
5. Organizational plan Here are the details of the organization. You should look at your company as if it’s already working. Allocate departments. Consider how they will interact and what employees will work there. Furthermore, you will build the company with this description. Outline the duties of all future workers, internal regulations, bonus system, and other issues. First, the organizational and legal form of your business will be indicated here. Then company structure partners (if there are any) and information about them management personnel and business units staff development system, training, and personnel reserve (if it’s planned) 









SOURCE: www.legit.ng