business plan for nail production in nigeria

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Nail Production in Nigeria; The Feasibility Report.

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business plan for nail production in nigeria

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A nail consists of a metal rod or shank, pointed at one end and usually having a formed head at the other, that can be hammered into pieces of wood or other materials to fasten them together. A nail is usually made of steel, although it can be made of aluminum, brass, or many other metals. The surface can be coated or plated to improve its corrosion resistance, gripping strength, or decorative appearance. The head, shank, and point may have several shapes based on the intended function of the nail.

Of the nearly 300 types of nails, most are used in residential housing construction. The average wood frame house uses between 20,000 and 30,000 nails of various types and sizes.

Nails are important items in building construction, carpentry and wood joinery. It is therefore reasonable to assume that the growth in the construction industry. carpentry and wood joinery generate high demand for nails. The shortage of supply from existing industries and the importation of the products call for a urgent need to set up of more nail factory.

Due to lack of local raw materials, Nigeria imports foreign made nails from developed countries like china, Canada and the United State of America which has resulted in a huge amount of foreign exchange loss to the Nigerian economy and less trust in made in Nigeria nails.

There is no data on the supply and demand of nail in Nigeria but like we have already stated, the demand is dependent on the growth of the construction industry and based a deficit of 16,000,000 in housing supply, it is fair to say that Nigeria has a large, growing and sustainable market for nail.

This feasibility report seeks to examine the financial viability or otherwise of establishing a wire nail production plant in Nigeria using low carbon steel wire as the raw material.

The line to make wire nails comprises of the wire drawing machine, wire nail making machines and nail polishing machines.

The plant would produce three hundred and thirty pieces of 2 ½ inches of wire nail per minute (320 pcs/min) requiring 1,000 kg of low carbon steel wire to produce 970 kg of wire nails inclusive of 2% wastage and 280 pcs of 2 ½ inches of wire nail weighing 1 kg.

The plant would operate at eighty percent (80%) of the installed capacity for double (2) shifts of eight (8) hours each in the first, second, third, fourth and fifth year of operations respectively and producing twelve million, two hundred and eighty-eight thousand (12,288,000) pcs of 2 ½ inches of wire nails bi-monthly.

EXECUTIVE SUMMARY 1.0 Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Value Proposition 1.5 Critical Success Factor of the Business 1.6 Current Status of Business 1.7 Description of the Business Industry 1.8 Contribution to Local and National Economy 2. Marketing Plan 2.1 Description of product 2.2 Product Packaging and delivery 2.3 The Opportunity 2.4 Pricing Strategy 2.5 Target Market 2.6 Distribution and Delivery Strategy 2.7 Promotional Strategy 2.8 Competition 3. Production Plan 3.1 Description of the Location 3.2 Raw Materials 3.3 Production Equipment 3.4 Production Process 3.5 Production Cost 3.6 Stock Control Process 3.7 Pre-Operating activities and expenses 3.7.1 Operating Activities and Expenses 3.8 Project Implementation Schedule 4.0 Organizational and Management Plan 4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.2 Management Support Units 4.4 Details of salary schedule 5. Financial Plan 5.1 Financial Assumption 5.2 Start Up Capital Estimation 5.3 Source of Capital 5.4 Security of Loan 5.5 Loan Repayment Plan 5.6 Profit and Loss Analysis 5.7 Cash flow Analysis 5.8 Viability Analysis 6.0 Business Risk and mitigation factor 6.1 Business Risks 6.2 SWOT Analysis

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Wire Nail Manufacturing Business plan- Requirement, Investment, Profit, Machine Required

The wire nail making business industry is a long lasting business industry. This industry requires some big space and some special type of machine. Here the complete information about its raw material, machinery required, Investment, profit is being given. Apart from this, how to start this Wire Nail Manufacturing Business industry is also being given here.

wire nail manufacturing business/Wire Nail Making Business

Iron nail is one hardware that is used mainly in Building construction work, manufacturing boxes for packing etc. due to the increasing population and the necessities attached to it, they are always in demand in the market. The most important aspect about the manufacturing of this product is that the brand is not important as far as iron nails are concerned hence entrepreneurs can go for the manufacturing at district or tehsil level.

Keeping the quality standards in mind, and they could be on the road to success. For the purpose of marketing one can contact hardware store and the stores that keep stuff related to building construction.

Also Read: Notebook Making Business- Requirements, License, Machinery, Investments, Profits, Marketing.

Government Schemes:

puffed rice Manufacturing/ Wire Nail Making Business

Boosting Wire Nail Manufacturing Business and Other Small Businesses. MSME Ministry is increasing aid to Wire Nail Manufacturing Business and other small and medium scale businesses in India.

The government of India has also moved further in this regard to encourage various small sectors and private sectors by launching several schemes such as:

MUDRA Scheme – Under this scheme, the agency was set up to refinance and develop micro units across the country. It extends funding to the non-corporate small business sector.

Aatmnirbhar Bharat Scheme – Free collateral loans to MSMEs and other stressed sectors.

Coir Vikas Yojna – It encourages various activities like still development, up-gradation, and modernization of industries, promoting domestic as well as an export market.

National Manufacturing Competitiveness Program – It facilitates technology up-gradation by providing a 15% upfront capital subsidy.

Entrepreneurship and skill development program – Organized to nourish the expertise of youth by enlightening them on numerous aspects of industrial exercise needed for setting up small industries.

Marketing promotion schemes – to develop domestic markets and promotion of new market access initiatives.

Wire Nail Manufacturing Business Requirements:

Area = 300 SQFT – 500 SQFT
Manpower = 2 Workers (Skilled & Semiskilled) & 1 Marketing Executive
Electricity= 3 KW – 5 KW

Also Read: Kurkure Making Business – Cost, Profit, Machine Required

W ire n ail m aking r aw m aterial:

Nail wire is one of the essential materials used for this. Various types of nails are made using this. This wire is found in different cross sections. So buy wire according to the nail you want to make.

Wire(11-16 mm wire)
Sealed Wire(30k -35 k/ Ton)

W ire n ail r aw m aterial s upplier:

Mainly the factory of this wire is in Durgapur in West Bengal and Raipur in Chhattisgarh. From here this wire in stock can be ordered at your address. You can visit the following link to order it online.

https://dir.indiamart.com/
https://www.alibaba.com/

Where to buy Wire Nail Manufacturing Machine in India ?

If you want to buy Wire Nail Manufacturing Machine online then you can visit https://dir.indiamart.com/ and https://www.ektawirenailmachine.com/ to buy your favorite or required Wire Nail Manufacturing Machine . However, you can also purchase from foreign country. And let me clear you one thing that you can also buy these machine offline. So, I’ll advice you that first compare the price of online and offline then purchase the machine.

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Machinery:

Note: Transportation Cost is not included in above machinery cost. (Transportation cost vary as per location)

W ire n ail manufacturing business cost:

Working Capital = 1 Lac

Total capital Required : 9 Lac

Also Read: Aara Machine licence registration-Cost, Earning, Applying Process

Manufacturing Process of Wire Nail:

Two types of machines are required to manufacture nails (i) Crank type (ii) Spring type.

Out of these maintenance cost and are automatic. Cold drawn, bright wire is used to make nails, and this wire is available in various gauges (20 S.W.G. to 65 W.G.) . These wires are found in round bundles, one end of the wire is fixed in tool stand and then the other is put in wire straightening rollers and the wire automatically reaches the machine.

To pull the wire further ahead, there is a grip after the rollers and this grip pulls only as much wire as is needed for the specific of the nail. The head of the nail is put into the mould’s “rem”, that can be pushed back & front through the crank shot.

The front end of the wire is hit hard by the punch attached to the head-making mould. To make the other end and then cutting of the nail is done automatically. Here the moulds press the wire and nail gets bifurcated & cut from the wire. In this way, some part of the nail is still attached to the wire and an automatic trigger separates the nail from the wire.

When the nails come out of the machine, then the tiny bits of iron & grease/lubricant deposited on the nails are remoulded by putting them into a polishing drum in which iron balls and dust are also put and after the polish, they are sent to the markets in jute bags.

The details of the gauges of the wire, etc. required to manufacture various sizes of the nails are mentioned below:

Nails of the length ranging from ½ inch to 2 inches wire gauge:- 20 to 12 S.W.G; capacity of machines, etc. 400 nails per minute; electric motor of 2 H.P.
Nails of length ranging from ¾ to 3 inches wire gauge:- 14 to 9 S.W.G.; capacity of the machines:- 300 nails/minute and 350 kg. nails per day. Electric motor of 3 H.P.
Nails of length ranging from 1/2 to 4 inches wire gauge:- 11 to 8 S.W.G.; capacity of the machine; 250 nails/minute and 850 kg nail/day. Electric motor of 5 H.P.

W ire n ail manufacturing business marketing:

Shop Retailer or Wholeseller (Local market)
Distributor
Sell Online (Amazon/flipkart)
Sell Online B2B platform (Tradeindia, Indiamart etc)

W ire n ail p acking:

The use of jute/plastic sacks or thick paper box is very good for its packaging. Nails are sharp, so there is a risk of bursting plastic or thick paper bags. At the time of packaging, keep in mind the quantities offered by various hardware stores in the market. Prepare 1 kg, 2 kg, 5kg, 10 kg packets of the same quantities.

W ire n ail manufacturing business license:

For this it is very necessary to take the necessary license, because in this industry complete machinery set up is required. An application form can be made to your local authority for a license. From here you will get the license very soon. an there are some documents which is required for the wire nail making business is given below:

Adhar card, Pan card & address Proof
MSME License
GST Registration
Shop & establishment License
Trade Mark (If Required)
NOC (State Pollution Control Board)

W ire n ail manufacturing business profit:

Raw material (Nail MS Wire) = Rs 32- Rs 35 per Kg.

Total Production Cost on 1 kg= 32 + 3(Labour +Electricity) = Rs 35 Selling Price in Market= 45Kg – 50kg.

Profit on per Kg = Rs 10 – Rs 15 Machine Production per day = 600 kg.

Total Production per month (26) = 15600 Kg (Consider 15000 Kg).

Gross Profit per month (when we sell 15000 Kg per month) = 15000 X Rs10.

Gross Profit per month = Rs 1,50,000/-

Monthly expense in wire :

Net Profit per month from Wire Nail Plant

= Total gross Profit – Total Monthly Expense

= 1,50,000 – 45,000

Also Read: Batching Plant/RMC Plant(Ready Mix Concrete) – Requirements, License, Plant & Machinery, Investment, Profit, Use & Market Size

Wire Nail Manufacturing Business Plan Related Video:

If you want to start wire Nail making Business then there is a step by step guide given in the below video :

F.A.Q(Frequently Asked Question):

Q. Is W ire Nail manufacturing Business profitable in India ?

Ans: Yes, because our country is a developing country and day by day the construction work increases in our country. So, there is great market of wire nail. So to fulfill the requirements of nail wire, the production of nail wire will increase. So, this business has high potential and high profitable idea in India.

Q. Machine Required for W ire Nail manufacturing Business.

Ans: There are list of machine which is required for the wire Nail making Business which is given below:

Wire nail Making Machine
Polishing Barrel/Drum
Grinder & Cutter with 1 HP motor
Wire Stand/Spool
Some other Equipments & Hand Tools

And detailed information is given in this article. Read this article carefully.

Q. How much area required for the wire Nail making Business ?

Ans: The industrial setup requires space for Inventory, workshop or manufacturing area, space for power supply utilities and auxiliary like Generator setup. Also some of the area of building is required for office staff facilities, documentation, office furniture, etc. Thus, the approximate total area required for complete industrial setup is 1500 Sq ft to 2000 Sq ft. Civil work cost will be around 5 Lac Rs.(Approx).

Q. What are the requirements of Wire nail manufacturing business ?

Ans: Requirements:

We hope that you would have liked reading this blog post on Wire Nail Manufacturing Business cost in India and how to set it up efficiently. For more such informative articles, keep visiting YMW Solution.

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How to start a nail salon business in nigeria.

February 5, 2024 kelechi Business Ideas 0

How to start a nail salon business in Nigeria has been a topic of great interest because of the lucrative nature of the business.

This article, therefore, brings you up to speed with a detailed step-by-step guide on how to start a nail salon business in Nigeria, how much it would cost to open a salon business in Nigeria, the necessary equipment needed to start a salon business in Nigeria, among other information about how to start a salon business in Nigeria.

Below is a detailed step-by-step guide on how to start a profitable nail salon business in Nigeria.

1. Get Experience Working In A Salon

Having a real-time and practical experience with any business you want to venture into is paramount as it helps you to make an informed decision about the business.

Before setting up your own nail salon business, you may decide to first work in a salon for a couple of months so as to get a first-hand experience of how the business model works and the intricacies of the business.

Even if you intend to hand the business over to someone who’s experienced in the field after you set up the business, it’s still of utmost importance to get a real-time practical experience of the business by yourself.

2. Draft Out A Detailed Business Plan

Every successful business begins with a carefully drafted and well-detailed business plan.

Your business plan should encompass all aspects of the business such as the location you want to establish the nail salon business, the cost of starting the salon business, who your target customers are, the menu of the salon services you’d render such as pedicure, manicure, hairdressing, among other services.

The business plan should also include how to take advantage of the weakness of your competitors, identify your possible weaknesses in the business and how to address them, how you intend to get to your target customers, how you intend to scale up your business, etc.

3. Pick A Business Name

While considering the business name for your brand, you should ensure that you pick a business name that reflects the nature of the business.

Furthermore, before you settle for a business name, you should first check if the business name you intend to settle for is still available with the Corporate Affairs Commission (CAC) or if it has been already taken and registered.

Additionally, you should also check if there’s a website with the same URL as your intended business name already.

4. Register Your Business

After you’ve done all the necessary research and found out that your intended business name is still available, the next step is to proceed to register your business with the CAC.

Registering your business would legalize your business and also make it stand out among other businesses.

Moreso, it helps to boost customers’ confidence in your brand and it generally boosts your brand image and identity.

5. Rent A Shop

While looking for a shop to rent, you should be intentional about the location of the shop as it plays a major role in the success of the business.

Ensure to rent a shop that is within your financial strength so that you’ll still have enough money to equip your shop with the necessary equipment and gadgets.

Renting a spacious shop that would accommodate your equipment and still accommodate a good number of customers at a time is advisable.

Your shop should be strategically located and easily accessible to your target customers.

6. Equip and Furnish Your Shop

Also, you should equip and furnish your shop with the latest equipment such as chairs, tables, shelves, and nail salon supplies like towelettes, sable brushes, reusable nail forms, cuticle oil, nail cleaner, toe separators, pedicure foot file, etc. as it would help to draw more customers to you.

Also, ensure to give your shop a befitting ambiance so that it would be attractive to your potential customers.

7. Employ The Services Of Experienced Nail Technicians

People would always prefer to patronize nail salon shops that have a number of technicians in so as to get their nails done as fast as possible.

Hiring experienced nail technicians to help you in your shop is ideal as it helps to enhance fast and efficient service delivery which will improve the customer service experience of your customers and draw more customers to you.

8. Advertise Your Business

Advertisement is the livewire and an essential part of every business.

You could have the best services and without creating awareness, you’d make little or no sales.

You can create awareness for your business by word of mouth, printing of banners, posters, and pamphlets, or even doing a radio commercial.

Furthermore, you can open a social media page where you’ll be promoting your business and may also decide to run a paid social media ad occasionally to boost your brand awareness.

How Much Does It Cost To Start A Nail Salon Business In Nigeria?

There’s no fixed amount of money that is required to start a nail business in Nigeria.

How much you’d need to start a nail business in Nigeria is dependent on several factors such as location, cost of choice equipment, and cost of renting a shop, among other factors.

However, starting a small to medium-scale nail salon business in Nigeria would cost about N300,000 to N900,000 depending on the factors listed above.

Is Nail Salon Business Profitable In Nigeria?

Yes. The nail salon business is a very profitable business in Nigeria.

It’s in the nature of women to want to look classy and stylish at all times and can pay premium amounts to get quality services.

However, the profitability of a nail salon business varies depending on the location, and the number of customer patronage, among other factors.

A nail salon located in a strategic location can make about N100,000 to N400,000 and even more depending on the above factors.

The nail salon business is a very lucrative business in Nigeria.

Starting a nail salon business in Nigeria is relatively easy and also pocket-friendly depending on your location and the standard you want to start out with.

This article provides a detailed step-by-step guide on how to start a nail salon business in Nigeria, the cost of starting a nail salon business in Nigeria, and how profitable a nail salon business is in Nigeria.

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Company News

Nigeria nail making industry development, nigeria current wire nails market.

The wire nails amount demand are increased quite a lot in building and construction sector which leads us a much better understanding of nails in Nigeria market.

Nigeria, offcially the Federal Republic of Nigeria, is a country in West Africa. Nigeria is often referred to as the “Giant of African Countries”, owing to its large population and economy. With 206 million inhabitants, Nigeria is the most populous country in Africa and the seventh most populous country in the world.

Finished Nigeria Client's Nail Making Machine:

Client Detailed Order List:

1 Set 3C Nail Making Machine
1 Set 4C Nail Making Machine
1 Set 5C Nail Making Machine
1 Set 1000 Kg Nail Polishing Machine
1 Set Nail Cutter Grinding Machine

An assessment of the quality of mild steel plain wire nails manufactured in Nigeria was carried out using a method known as statistical process control and corrosion film thickness test. Samples of nails (101mm and 76mm) were obtained from five producing nail industries. Nails imported from the people’s republic of China, Nigeria largest source of imported nails were analyzed for physical characteristics and mechanical properties. Also, corrosion film The building and construction industries are fast growing especially in the Africa largest economy like Nigeria. The market demand for nail in Nigeria is on the increase daily. As a result of inadequate importation of nail, the local industry is growing bigger in the production of nail, hence, there are various type of nails in the market, the quality of some of the product are low. Nail is an important element of Nigeria’s building business sector. Most nails made today are wire nails, machine made from mild steel wire and more or less round from specific gauges. Previously, ‘cut nails’ were more common; cut nails which are still made, are from steel or iron plate and so have a rectangular section and have holding power of about 1.5 times greater than that of wire nails of the same length, but are more expensive to manufacture. Nails are increasingly important as a means of fastening wood, and other composite materials. Some product couldn’t function as expected, this may be due to the fact that they are new and are still undergoing testing or their design is not well studied. In addition, some product couldn’t function as expected because they aged quickly or lose value. Moreso, the material they are made of may be of low quality and quantity, this therefore reduce their performance. Furthermore, the failing in the product may be due to lack of modern equipment for the processing and manufacturing. These had prompted the use of laboratory tests to standardize nails and testing procedure in this research effort. thickness was determined for the roofing nails. The results showed that the local nails satisfy the requirements of Nigerian Institute for Standards NIS: 118:1981.

Company Profile:

Conail Machinery And Equipment Co.,Ltd is established in the year 1995 and located in Shanghai City, China. With more than 30 years’ development, CONAIL now is a famous brand among the nail making industry with its mature technical and great after-sales services.

Our main products are Wire Nail Making Machine , Wire Drawing Machine , Nail Coiling Machine , Screw Shank Nail Rolling Machine , High speed nail making machine , Roofing Nail Making Machine , Nail Packing Machine , U type Nail Making Machine , Chain Link Fence Making machine , Duplex Nail Making Machine , Barbed Wire Making Machine , Hog Ring Staple Machine , Wire Staple Pin Making machine , Automatic Razor Barbed Wire Machine , Copper Coated Coil Nail Welding Wire , Nylon Plastic Screw Anchor Assembly making machine , Cable Clip Nail Making Assembly Machine etc. And High Quality Machine Spare Parts: Wire Drawing Material , Wire Drawing Mould , Wire Drawing Powder , Nail Mould , Nail Cutter , Nail Punch Pin , etc. As an old machines factory, quality with reasonable price are always are developing target. CONAIL people can ensure all the machines you bought are brand new with good quality, well tested and packed.

Conail is Please Inquiry!

Entrepreneur Platform

How to start a construction nail production business in nigeria.

Generally, a nail is made of steel but can also be made of aluminum, brass, amongst other materials, in some cases. Construction nails consist of metal rods or shanks that are pointed at one end and typically have a formed head at the other. This formed head can be hammered into pieces of woods or other materials to hold them together. Construction nail production business is one hell of a lucrative business .

Related: How to start insecticide production company in Nigeria

The art of business is one that is so unique because it rests on ideas. Every business you know today was once an obscure idea in someone’s head. Business ideas are inexhaustible and abound in such a way that you can make money from anything as long as it can sell.

Nail production is one of those business ideas . It’s a fact that construction can never stop as long as the world exists. This is because developed countries will always continue to update their structure while the undeveloped ones will always build structures to push their economy towards development.

So, you can be smart enough to make money from manufacturing construction nails. It’s a business that will always remain.

The head of a construction nail can have several shapes based on what the nail would be used for.The surface of a construction nail can be covered to perk up its corrosion resistance, the way it can be gripped, as well as its appearance. Have it at the back of your mind that the construction nail production business is a highly profitable business though.

Related: How to start a coconut oil production business in Nigeria

I have to point out here that the construction nail production business is a capital-intensive one. You should have enough funds to go into it. However, if you do have enough funds and believe that the passion and determination needed to succeed in construction nail production business, all you have to do is stick strictly to the tips I will be sharing with you below.

Starting a Construction Nail Production Business – Viable Tips

Study about NAILS

You have to research about nails first before you venture into this construction nail production business. You need to know certain thing s about nails before you manufacture them.

You have to know the various types of nails, the various materials employed in manufacturing them, the types of nails in most demand, the capital required to start this business, the various equipment you require to start this business.

You have to read a lot of all these things before you think about starting this business.

Also Read: How to start a herbal soap making business in Nigeria

Get Hands-On Training

Construction nail production business involves manufacturing and as such involves some rigorous processes that you have to learn. So I advise that you find a nail manufacturing company where you can serve either as an intern or a volunteer.

This can help you garner practical experiences about processes like the various nail designs there are, the raw materials used, the manufacturing processes- which includes forming, additional forming and then the finishing; not forgetting the quality control processes too.

Register Your Business

For construction nail production business, you really have to go professional by registering the business to make it a legal entity. You cannot start this business at home too because it’s too noisy to be located in a residential area.

You have to approach the necessary authorities in the country in order to get yourself registered on a formal ground. In Nigeria, the right authority to approach is the corporate affairs commission. They will register the company for you at a certain cost and on the provision of required documents.

Do well to complete the registration process with the corporate affairs commission in Nigeria, otherwise, you will be operating an illegal business.

Write a Business Plan

It is important that you write a construction nail production business plan. The plan will give your business a direction and help you manage it in an efficient manner. If you lack the skills to put up a catchy plan, do well to hire someone with the right skills.

A proper business plan may just be what you need to make your business successful, don’t take it for granted.

Get a Location for Factory

Get a good location for your factory. This location has to be close to your source of raw materials, most importantly. It also has to be in an industrial area or city outskirt as it is too noisy to be located in a residential area. Also, ensure you have a spacious place to accommodate your equipment and employees.

Procure Equipment

Next, you need to stock your factory with the needed equipment. These equipment include nail cutting machines for shearing, chisels, Aluminum, brass, copper, bronze, stainless steel, and nickel. Search for these equipment in shops that sell them or ask people who have been in the construction nail production business for direction on how to get them.

Hire Workers

You cannot run the factory alone. So you have to get some hands in by hiring employees. Do well to hire experienced workers as they will always bring more to the table and cut you the cost of having to train your workers.

Start the Business and Advertise

No business will ever survive without the public knowing about it. This is because the business is meant for the public and not the businessman. After you have commenced your production, try getting the public to know about your product.

You can do this through many ways such as printing of fliers and brochure for public distribution, a blog to promote your brand, and also place adverts on various social media platforms.

Please note that advertising will get you the customers but won’t keep them; only your quality will. Do not compromise your quality if you wish to succeed in construction nail production business.

Ossi Samuel

Ossi Samuel is a mafian thinker, an avid reader and writer, and political analyst. Am a humanitarian and fun loving person. I love Tech by the way and will always have your time if you have any ideas. I can be reached on Facebook

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Entrepreneurship

How To Start Cosmetics Production Business In Nigeria Or Africa: A Guide

How To Start A Lucrative Cosmetics Production Business In Nigeria Or Africa: The Complete Guide | Image: Pixabay

Over time, people have emphasized their beauty with various materials and items which are applied to different parts of the body, mainly the skin, hair and face. Thanks to growing research, expanding knowledge, technological inventions and the discovery of new materials for the production of safe cosmetic products, the cosmetics industry has expanded significantly within the last two decades. In all parts of the world, cosmetics contributes a lot to the gross national income of countries all across the world. Lots of brands have developed into major business empires in the cosmetics industry, some of which are L’Oreal, the House of Tara, Fenty, Oreke, Nivea, Estée Lauder, and Clinique, among others.

Beauty cosmetics and skincare exports globally generated US$62.3 billion in 2019, which was 64.3% higher than the total exports from the previous year. Europe exported the highest worth of beauty and skincare products in 2019, with shipments valued at $28.4 billion, half (45.6%) of the global value. Asian exporters followed somewhat closely with 39.6%. A total of 12.4% of the Global beauty cosmetics and skincare product exports originated from North America. Smaller percentages came from sources located in Oceania (1%) led by Australia and New Zealand, Latin America (0.8%) excluding Mexico but including the Caribbean, and Africa (0.6%).

The cosmetic industry in Nigeria had been in existence long before 2015 but that year marked the beginning of the fierce market competition between major brands, and that contributed to the market influx of cosmetics products. The growth has been rapidly rising since then as a result of the urbanization and increase of young people (especially women) in the workforce. The Nigerian beauty sector, according to the Beauty West Africa exhibition (BWA), 2019, is estimated to have 4 billion dollars’ worth of exports annually. With a population of over 100 million, the Nigerian beauty and personal care industry is likely to scale higher with a positive value performance.

Today, cosmetics have become a need that causes people to break their banks to improve the way they look, feel, and smell. Besides helping with hygiene, cosmetics have become a self-esteem booster. Most people are willing to spend millions to care for their skin because it often determines how other people treat them and their ability to influence others around them. This fact alone makes getting into the cosmetic production business is a pocket filling and awesome thing to do! If you’re considering starting a cosmetics production business in Nigeria or any other part of the world, here is the ultimate guide to help you through the process.

See Also : How To Start A Lucrative Pesticides And Insecticides Production Business In Nigeria: The Complete Guide

What Is Cosmetics?

Cosmetics is an aspect of health and beauty. Cosmetics are products or preparations or substances used to clean, improve, or change complexion, skin, hair, nails, or teeth without affecting the structure or functionality of the body. Cosmetic products include beauty preparations (powder, mascara, eye shadow, eyeliner, foundation, concealer, and others), perfume, skin cream, nail polish, soap, shampoo, shaving cream, and deodorant.

What Is Cosmetics Production?

Cosmetics production is the entire process of manufacturing, packaging, and shipment of cosmetics such as lotions, creams, soaps, makeup, and many more.

See Also : How To Start A Lucrative Event Planning Business In Nigeria: The Complete Guide

Business Opportunities Associated With Cosmetics Production In Nigeria And Across The World

As the human body is segmented, so also is the world of cosmetics segmented. The opportunities that exist in cosmetic production are boundless. Products ranging from every sphere are too numerous to mention. The excellent news about cosmetic products or production is that it is not gender-centred. The cosmetics industry applies to both genders.

1). Makeup Artistry:

Makeup is a large part of the cosmetic industry. Most cosmetic-related products are in the form of makeup, making room for people specialized in the art to shine. Makeup artists are often first-hand users of most cosmetic products. Also, people generally buy the same products their makeup artist use on them or recommend to them. This implies that being a makeup artist positions one as a consultant and advert agent.

2). Wholesale/Retail Of Cosmetic Products And Raw Materials:

Cosmetics demand is on a steady rise, so it requires the services of distributors and marketers. Selling cosmetics products is not only focused on makeup but also perfumes, as well as hair and skincare.

3). Beauty Spa And Salons:

A spa offers treatments to the skin, nails, face, body, and hair. Beauty spas provide a variety of services to improve health, beauty, and relaxation. A beauty spa makes use of a lot of cosmetic products to ease tension through massage, repair damaged skin, face, nails, and hair.

4). Beauty Consultancy:

People generally love skincare products and cosmetics but are not sure which products will work best with them. Consultants are experts who understand the constituents of each product, how it works, the side-effects and which ones are suitable to specific persons. They offer professional advice and tips on how to use cosmetics products.

Facts And Benefits Of Cosmetics

Cosmetics enhance beauty
Skin cosmetics like sunscreen protects the skin from sun damage and melanoma.
Antiperspirants and deodorants are effective in reducing body odour.
Skin fragrance can elicit strong positive emotion.
Cosmetics enhances the feel and appearance of the hair and skin.
Makeup enhances appearance.
Makeup boosts positive self-esteem.
Soaps cleanse and help reduce bacterial infections of the skin.
In ancient Egypt, people adorned themselves with face makeup and body oils in honour of their gods.
Between 1920 and WWII, cosmetologists discovered mascara, eyebrow pencils, sunscreen oil, and hairspray.
L’Oreal is the most prominent cosmetic producing company in the world today.
Cosmetics contribute to general wellbeing and lifestyle.
It improves mood and self-confidence.

See Also: How To Start A Lucrative Magazine Business In Nigeria: The Complete Guide

Types Of Cosmetics

1). skincare cosmetics:.

Skincare products improve the appearance and feel of the skin. They are classified further by how they work and what functions they have. Most skincare products stay on the skin while products such as moisturizers improve the look and feel of the skin. Anti-ageing products get rid of the signs of ageing skin (wrinkles), sunless tanners that change the colour of the skin, and drug products that protect the skin against the sun, treat skin medical conditions, acne, and reduce the appearance of wrinkles.

The other types of skincare products are those designed to remove things from the skin; cleansers (body wash, hand soaps, facial wash, toners, shaving cream, bubble baths, etc.), scrubs, masks, and exfoliation products. Personal care products such as mouth wash, deodorants, and perfumes also fall in the same category of skincare cosmetics.

2). Haircare Cosmetics:

Like the skincare category, hair products are classified by how they work and what they do. The majority of hair product purchases are the ones designed to remove dirt from the hair. A common example is shampoo, which cleans hair and also removes dirt. They can qualify as some over-the-counter drugs such as anti-dandruff shampoos, anti-lice products, and hair restoration shampoos. Hair conditioners are another type of hair products that are rinsed off but still leave components in the hair to improve the look and feel of hair. There are various types of conditioners that improve the hair look and feel. There are intensive conditioners, protein packs, hot oil treatments, and a wide variety of other speciality products.

3). Colour Cosmetics:

Colour cosmetics make up about 20% of the global cosmetics market. Colour cosmetics typically include products that stay on the skin to change the colour and appearance, products such as creams that enhance or change skin tone, foundations, lipsticks, blushes, eye shadow, eyeliner, and mascara.

How To Start A Cosmetics Production Business In Nigeria: A Step-By-Step Guide

1). identify your area of interest:.

To start a cosmetics production business, it is necessary to first identify the specific cosmetics products to invest in. You could focus the business on a set of related items such as hair products, skin care products, etc.

2). Draft A Business Plan:

Set up a comprehensive business outline to guide you through each step of the business startup. All key decisions, plans, objectives and business goals should be incorporated into the business plan right from the start.

3). Get A Business Site:

Your business location should typically be in a busy town. The type of business office or company site you get depends largely on the type of cosmetics you deal in, as well as your scope of operation.

4). Employ Staff:

If the focus is largely to retail cosmetics products, which is the most common form of cosmetics business in operation across the world, the business requires only shop attendants, a couple of security personnel and distributors, for large-scale retailers.

5). Stock Up:

It is important to understand the market well enough to be able to get the best prices available. You should also get your products directly from accredited manufacturers in order to avoid fake and harmful products.

6). Register Your Business And Get The Necessary Permits:

Finally, before operation, ensure to register the business with the right regulatory bodies.

See Also: How To Start A Lucrative Biscuit Or Cookie Production Business In Nigeria: The Complete Guide

Challenges Of Starting A Cosmetics Production Business In Nigeria

High startup costs, especially if you intend to go large-scale
Unfavourable international market policies
High market competition
Inefficient clearing processes
Logistics and distribution problems
Delay in deliveries
Fear of buying fake items
Difficulty in getting loans for startup.

See Also : How To Start A Lucrative Wind Energy Business In Nigeria: The Complete Guide

To Sum It Up

The cosmetics production business in Nigeria can be a lucrative and profitable venture to start-up, due to its vast market demand and on your ability to build a wide network. If you’re looking for a lucrative business to venture into, cosmetics production business in Nigeria is a great option to explore.

Trying To Secure A Business Loan? Finance? Or Investment? You can now greatly increase your chances of getting the loan/investment you need with our bank and investor ready professional MBA standard business plan writing service. Writing a bank and investor ready professional cosmetics production business plan can be challenging. If you need a professional and affordable business plan service, StartupTipsDaily’s MBA standard professional business plan writing service is perfect for your small business. All you have to do is request an understanding of your proposed business model, and you’d have a professional MBA standard businesses plan ready for you anywhere within 5 to 14 days. You can click here to get started with using StartupTipsDaily’s professional business plan writing service to create the perfect business plan that’d get accepted anywhere.

What are your thoughts on how to start a cosmetics production business in Nigeria? Let me know by leaving a comment below.

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How to Write a Nail Salon Business Plan in 2024?

Having a nail salon business plan is essential if you want to set and meet targets for your new business, figure out your marketing strategy and have a roadmap for daily operations.

What You Will Learn

We’ll look at the basics of creating your nail salon business plan, some important business planning tips, plus a nail salon business plan checklist and template to help you get going.

Jump to the Section You Like

What is a nail salon business plan, why does your nail salon need a business plan, nail salon business plan template.

Your nail salon business plan does a lot more than track day to day operations.

It’s a competitive analysis of your own business, complete with market research, a financial plan, mission statement and long term strategy for promoting and growing your company. It will usually also include a plan for supporting your nail technicians and staff’s needs.

A nail salon business plan usually includes both an executive summary of the plan (we’ll describe this in more detail later) plus a nail salon business description and the actions you’ll take to establish your nail salon and build a loyal customer base.

It contains your market research and shows that you understand industry trends, outlines your business goals, has a sample budget, and outlines your target market and services you’ll provide.

Your business plan is also something you can look back on to check how your nail salon is doing, make sure that you’re “on target” to meet your financial goals, and make any adjustments as needed.

This makes it easier to adjust your nail salons marketing plan, check financial projections and make data-based decisions rather than reacting based on feelings or assumptions.

Nail salon businesses aren’t the only ones that need a plan.

In reality, every established or up-and-coming company needs to have a business plan to help them with financial projections and business decisions.

Even if you’re just trying to secure a loan, attract new investors or get a better idea of your expenses and potential to attract new clients, a nail salon financial plan and business strategy is essential.

Whether you’re running your own nail salon or managing one, a plan for your small business is just as crucial as having the right staff or equipment.

Your business plan will make it easier to create your nail salon’s marketing plan, brainstorm improvement ideas and hold effective team meetings where you can discuss your nail services, business expenses and strategies to target customers.

It’s your roadmap to help you and your team stay on track with your vision and target market’s needs.

Key Elements of a Good Nail Salon Business Plan

If you’re wondering how to start, nail salon business plan structures may look a bit different depending on the salon owners, business size and clientele, but they have some key things in common.

They always outline your objectives, identify your target market, services provided, projected sales and revenue, as well as your marketing tactics, potential expenses and financial plan as a whole.

If you’re a new nail salon, it will contain your startup costs and business structure. If you’re an experienced nail salon owner, the plan will show that you have a solid grasp of where your business stands and where you’d like it to be in the future.

Let’s take a look at some of this in more detail:

How to Start a Nail Salon Business Plan?

Having your nail salon business plan ready to go is an important first step that can give you (and any investors) a clear picture of your business structure. It’s also a great way to stay focused on your goals and mission statement when making decisions.

To start a business in the nail salon industry, you’ll need to:

Gather Necessary Info: Look into current nail salon market trends, research the local market and competitors, client segmentation, and your potential new customers and target market.
Create Clear Quantitative Targets: Conduct a market analysis and base these targets on the profits and expenses you’ve projected.
What Makes You Stand Out: How does your business stack up against the other nail salons out there? Be aware of your strengths and whether you have a unique selling point, then decide on a marketing plan. Maybe you’re the only one that specializes in french manicures or uv gel overlays in your area- find out.
Understand the Potential Roadblocks: Do your homework and list out everything that could potentially affect your startup costs, revenue or the time it takes to get your nail salon open and running. Budget for these possibilities in your financial plan.
Consider Using a Free Template: A free nail salon business plan template is easy to find online and a great way to get everything organized- you can always make adjustments to a premade template as needed instead of building one from scratch.
Ask for Professional Help: Whether you’re dealing with a small business or a large chain of nail salons, don’t shy away from hiring a professional consultant to help you with the details of your market analysis, mission statement or executive summary.

Here are a few examples of what should be included in your nail salon’s business plan:

This is the first thing potential investors (and anyone else who has an interest in helping or running your nail salon) will see. Be sure to include:

Your Businesses Name (and logo, if you have one)
Your Contact Information

A good business plan is organized, and a table of contents will make it easier to find information quickly. Separate your financial data, marketing plan and other details into clear sections.

Executive Summary

This is where you’ll make your first impression. TYour executive summary should always include the following:

Your Nail Salon’s Mission Statement (briefly explain your business goals and your plan to achieve these goals)
A Vision Statement (where do you see your nail salon in five years, for example?)
An Overview (briefly explain your nail salon’s concept, and give a summary of what the plan will cover)
Keys for Success (what do you need for your business to get started and stay on the right track)

Key elements of a good nail salon business plan

Business Description

This is a brief explanation of your business and the services you’ll provide:

Where You’re Located
What Services You’ll Offer (or new services you’d like to expand to provide)
Your Staff (including the number of nail technicians plan to hire)
A General Overview of the Nail Salon Industry in Your Area (and what sets you apart from the competition)

Target Market

Who are your target clientele and how would you describe them? Consider the following:

What demographic will you provide services to?
Where are they located? Do they live or work in the area? Are they students?
Why did you choose them? (Your chosen clientele will influence future business decisions like staff training, retail products, decor and equipment purchases)
What do these clients want (and how will you provide it)?
Why should they choose you? (What makes you more appealing than your competitors?)

Think about conducting a nail salon SWOT analysis (strengths, weaknesses, opportunities and threats) to get a better picture of these details as you’re putting the plan together.

Competitive Analysis

Understand the market you’re entering and be ready to explain:

Who are your competitors?
Where are they located in relation to you?
In what ways are you similar/ different?
Will you share the same pool of clients?
If so, will you offer services that make you stand out and keep customers coming back?

Management Plan

A nail salon’s management plan breaks down how your business will be run. As the owner, you should explain:

The Company’s Structure (this will differ a lot depending on the size of your business- a home nail salon business plan will be relatively simple, whereas a large multi-location facility needs more detailed management)
Your Management Strategy (major business goals, projections and targets for the next few years, and how you plan to achieve these)
Staffing Information (how many team members you’ll need in which roles)

To learn more about nail salon management improvement check out our post How To Improve Nail Salon Management Efficiency .

Products and Services

Including these in the business plan makes it easy for anyone (including angel investors) to see that you’ve got a solid grasp of your future revenue, profit margins and projected expenses. Include the following:

Any products (including nail polish or nail-care items) you’ll use
Retail products
Each service you’ll provide

List these items in detail, breaking down the prices of each, their costs and profitability.

Marketing Plan

How will you reach new customers and expand? What advertising will you use and how much will it cost? What about low-cost or no-cost marketing options? You can include a more general overview here, but you should still do lots of research and planning.

Explain your:

Nail Salon Marketing Plan (give an overview of how you’ll reach and bring in new clients- explain your target market and how you’ll reach out to them)
Your Sales Strategies and Promotions (how will you move products and retain loyal clientele)
Advertising Strategy (how will you spread the word about your nail salon’s services- include your social media plan)
Your Branding (define your brand- crucial if you’re expanding existing locations or trying to reach a new market segment)

Consider this in terms of your retail products and your services. Be sure to go over:

How you plan to introduce your products and services
How you will market these to clients
Why your offerings are unique/special/appealing to your clients
Projected sales goals and targets
A breakdown of projected income from both services and product sales
Your cost estimates and financing plan for extras like training or new equipment needed

Do not miss to check out our post Eye-Catching Nail Salon Business Card Ideas .

Financial Plan

You’ll need to know how much it will cost to get started and have a plan to become profitable as soon as you can, especially when you’re talking to investors. Try to get these details figured out in as much detail as possible. Prepare your:

Financial Statements
Assumptions (including things like detailed costs and expenses forecasts)
Profits and Loss Projections (including your break even point)
Your Balance Sheets (if you have them for an existing business)
Any Loans and Debts for Your Business

Pro Tip: Have a financial advisor or professional take a look at the numbers in your financial plan and go over any details before you finalize it. They can provide valuable advice and insight.

Do not miss our post Nail Salon Price List .

Operating Plan

This breaks down the day-to-day details of running your business, such as:

Your Main Location (this can be a central office for a nail salon chain, if you have more than one location)
Your Management Structure

Additional Information

Make sure to include any other details that you think investors, financial professionals or management should know. This might be:

Any Additional Documents
Relevant Statements, Policies or Information

You can include these in the final pages of your nail salons business plan. Often, it’s helpful to add an appendix here.

We also recommend you check out our blogs on How to Open a Nail Salon and Nail Technician Duties .

If you’re concerned about the cost of creating a professional business plan for your new nail salon, then you’re not alone. It can be a bit intimidating at first.

Even seasoned nail professionals and business people might not have the time or the resources to build all of this from scratch. That’s why we’ve done our best to help. We’ve put together a nails salon business plan free template that you can use and modify to fit your needs.

By using our free sample of a nail salon business plan, you’ll be able to save time and effort on the “red tape” and focus on the details.

Do not miss our post Top 165 Nail Captions for Instagram .

Nail salons are a lot of work, and getting started in the industry is no exception. Having a business plan that you can refer to is a good way to make sure that the decisions you make are the right ones to keep you on the right track and grow your business.

Writing your nail salon business plan is a big job, but it shouldn’t feel like a chore. In fact, it’s the best way to show your love and enthusiasm for your business- this is your chance to outline your goals and think about how you’ll make them a reality.

How to write a great business plan https://ieeexplore.ieee.org/iel3/46/14446/00660335.pdf

The successful business plan: secrets & strategies https://books.google.com/books?hl=en&lr=&id=hp

How to write a business plan https://books.google.com/books?hl=en&lr=&id=jFFCGKTjQ4MC&oi=fnd&pg=PR5&dq=business+plan&ots=5lkUASJ0Fg&sig=xnE0G_SfvfLXhAbuuKOpG67UIqo

About the author Bartek Kulasza

Bartek Kulasza creates informative content that focuses on efficient business management. He covers salon software, marketing and sales, budgeting and reporting, salon design and equipment, inventory management, growing customer base, helping businesses optimize operations, enhancing customer experience, and increasing profitability.

Nail Salons
How to Write a Nail Salon Business Plan

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.

Join our WhatsApp community to be a part of our Insightful conversations. You can subscribe to our YouTube Channel to watch our videos on business transformation.

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Boluwatife Adedokun

Adedokun Boluwatife is a content, Ghostwriter, and Medical student. She uses storytelling to write compelling articles and books. Writing is the greatest instrument to share what she knows with the world. Proficiency is a skill she always wields.

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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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Nail Production in Nigeria; The Feasibility Report.

Home → Product → Nail Production in Nigeria; The Feasibility Report.

₦ 50,000.00

A nail consists of a metal rod or shank, pointed at one end and usually having a formed head at the other, that can be hammered into pieces of wood or other materials to fasten them together.

Description

Table of contents, report details, purchase this report.

Of the nearly 300 types of nails, most are used in residential housing construction. The average wood frame house uses between 20,000 and 30,000 nails of various types and sizes.

This feasibility report seeks to examine the financial viability or otherwise of establishing a wire nail production plant in Nigeria using low carbon steel wire as the raw material.

The line to make wire nails comprises of the wire drawing machine, wire nail making machines and nail polishing machines.

The output of the machine is a function of the capacity as well as the diameter and length of the product to be produced. Because of the different thickness of the product that can be produced, we have used 2 ½ inch as the reference size in the report. The plant would produce three hundred and thirty pieces of 2 ½ inches of wire nail per minute (320 pcs/min) requiring 1,000 kg of low carbon steel wire to produce 970 kg of wire nails inclusive of 2% wastage and 280 pcs of 2 ½ inches of wire nail weighing 1 kg.

The plant would operate at 80% of the installed capacity for double (2) shifts of eight (8) hours each in the first, second, third, fourth and fifth year of operations respectively and producing twelve million, two hundred and eighty-eight thousand (12,288,000) pcs of 2 ½ inches of wire nails bi-monthly.

EXECUTIVE SUMMARY

1.0 Business Overview

1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Business Objective 1.4 Value Proposition 1.5 Critical Success Factor of the Business 1.6 Current Status of Business 1.7 Description of the Business Industry 1.8 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product 2.2 Product Packaging and delivery 2.3 The Opportunity 2.4 Pricing Strategy 2.5 Target Market 2.6 Distribution and Delivery Strategy 2.7 Promotional Strategy 2.8 Competition

3. Production Plan

3.1 Description of the Location 3.2 Raw Materials 3.3 Production Equipment 3.4 Production Process 3.5 Production Cost 3.6 Stock Control Process 3.7 Pre-Operating activities and expenses 3.7.1 Operating Activities and Expenses 3.8 Project Implementation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.2 Management Support Units 4.4 Details of salary schedule

5. Financial Plan

5.1 Financial Assumption 5.2 Start Up Capital Estimation 5.3 Source of Capital 5.4 Security of Loan 5.5 Loan Repayment Plan 5.6 Profit and Loss Analysis 5.7 Cash flow Analysis 5.8 Viability Analysis

6.0 Business Risk and mitigation factor

6.1 Business Risks 6.2 SWOT Analysis

Report Type: Pre- Feasibility Report Formats of Delivery: EXCEL / MS WORD No. of Pages: Text – 33 Pages /Excel – 6 Pages Product Code: FORA/07/2017/NAILPRODUCTIONINNIGERIA/9886553 Publisher: Foraminifera Market Research Release Date: 10/02/2017; Update Every 3- Months Language: English Delivery time: 24– 48hours

Are you interested in purchasing this report?

Please do pay N 50,000 into

United Bank for Africa (UBA) Account Name: Foraminifera Market Research Limited Account Number: 101 76 603 95

Eco Bank Plc Account Name: Foraminifera Market Research Limited Account Number: 274 20 569 37

After payment call us on 01 -29 52 413 / 08033782777 or email us at [email protected] with the payment details.

After payment confirmation, the soft copy of the report would be sent to you within 24 hours.

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Hydrated Lime Production In Nigeria; The Feasibility Report

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This is a comprehensive guide on how to start a profitable snail farming business in Nigeria, the A-Z with in-depth details from experience, I just made these huge resources to encourage young Africans even beyond Nigeria on how you can tap into this underexplored niche to earn more revenue in dollars through snail exportation business

I bet you are wondering if snail farming is very profitable given the time period it takes for snails to mature from growers stage to jumbo size or Point of lay (POL)

This post covers everything you need to know about the snail farming business from start to finish, so I am not writing for experts, it is meant to guide inexperience, amateur and intending snail farmers plus if you would love to learn how to start a backyard snail farming business even in limited space,

Also in this article resources, I will walk you through the process of constructing your snail pen, it’s very important, most times it affects the way and manner they eat or grow, how you can use locally available materials in your vicinity to fabricate your own style of snail pen or hutch the will be effective in protecting and providing the needed environment for egg layer and weight gain

Here are should some frequently asked questions every newbie into snail farming always asks:

These are questions you will get the in-depth answer to as you read on

Introduction to Snail farming business

Now let start by understanding what your intentions towards rearing snails are, ok, you wish to multiple your snails within the shortest allowable time through the hatching of their eggs, groom, feed, and then sell them for profit right? then you are on the track.

Before you can start this business, there are certain factors you must consider especially in your vicinity, for the smooth running of the business, these factors are

Availability of space: you need to settle the space requirement if you intend to go into large scale production of snails, without much space you are left with the option of the intensive system using cages and hutches which will not be compared to a free-range or greenhouse system where the snail is free to roam about and can multiple in large proportion,

Capital: for starters , if you have other main businesses you are into, you could start with backyard pens or hutches then move to bigger spaces when productivity increases, your capital will determine which system of rearing you will embark on.

Access to Market : it’s very crucial to seek how snail demand and supply is run in your area, even though you can still supply across the country or export it, however, my principal advice is, to have one or two active snail sellers in your neighborhood market, this makes you have a readily available market to dispose of your table size snails immediately they are matured

Snail Feeds: despite snails can feed on almost everything consumable by humans except salty foods, if you are to start commercially, one thing you should seek out is where to get fruits or vegetables, you can achieve this by reaching out to the fruits sellers for their damaged or leftovers because fruits like pawpaw, cabbage, okra, watermelon, banana are snail favorites

Species of Snail Good for Commercial Farming

Snail farming is beyond stocking the point of lay (POL), it is one of the highest paying businesses in the agricultural sector, to succeed we must know the family of snails we rear in Africa and study their way of life.

Helicidae species are majorly reared in Europe and America. Two subspecies of this snail are very famous among the others. I) Helix aspersa ( Garden snai l) II) Helix Pomatia. (Burgundy snail – Wikipedia)

These snails are garden snails, they accumulate up to 30g of body weight at maturity, they live their life on the plant surface, feeding on grasses, vegetables, and fruits, most of them are considered invasive because of how fast they can reproduce and eat up green vegetables

the achatinidae, This group is made up of two types of snails. 1) Forest snails. 2) Garden snails.

Commonly reared in Africa, they are called Africa Giant land snails. Four of the subspecies are very famous among others.

Achatina Fulica
Limicolaria
Achatina Achatina (AA)
Achatina Marginata (AM)

Achatinas are forest snails, they hide under plants from sunlight, wind, heat, and feed on dead and live plants, fruits, dead animals and extract calcium from the soil, but LIMICOLARIA and ACHATINA FULICA are Garden snails.

Just like helix aspersa or Pumatia, achatinidae garden Snails lives on plants and can lay fertile eggs without mating. They produce more slime and are smaller in size than Forest Snails.

They lay more than 100 – 400 eggs per clutch in a cycle and have more Laying circles than Forest Snails. They can be found in Northern Nigeria because they have the capacity to withstand high temperatures.

Some notable features of Fulica and Limicolaria
They can survive direct sunlight and wind without dehydrating.
They can be fed to catfish after washing…
They are the best for slime extraction…

Many snail farmers conclude them to be AA as they have the same shell formation but color difference. One funny thing about them is, eggs laid at the last quarter of the rainy season can hatch the next rainy season.

Let’s study them one after the other at least to give you a brief insight into your newfound heliculture venture ( that’s right, snail farming is called heliculture).

Limicolaria .

limicorea How to Start a Profitable Snail Farming Business in Nigeria in 2021

It lays 50 eggs and above per batch and can regulate it four to seven times a year. It has the same shell formation and color as ACHATINA FULICA.

It’s not advisable to rear this for meat production. Its most times are seen as a pest in the farm or garden

Achatina Achatina (AA).

It is indigenous to countries like Ghana, Benin Republic, and Togo, etc, the AA is popularly referred to as Ghana tiger snail because it is majorly found in Ghana.

The extra jumbo size and the designs on the shell it has the yellowish and darkish spine on the shell which has close similarity with a tiger color. AA has a very pointed tail just like AF, it usually has six or more ring rounds curved on the shell.

The eggs are the same size as AF eggs and they grow slower compared to AM. it can grow big in the long run, it is not good for business in Nigeria. It lays between 100 eggs to 200 eggs per batch and can regulate this batch 3 to 6 times a year.

If you must farm AA please start with 20 pieces, experience they say is the best teacher. Nigeria’s climate is not favorable for this particular species of snail.

Archachatina Marginata (AM).

Archachitina Marginata Snail business guide

It is called the big black snail or giant snail, it is commonly found in the forest along the coastline of West Africa, this is one of the most common found snails in Nigeria amidst ACHATINA FULICA, the shell has a mottled color of black, brown, white, pink, and very thick.

The skin color is dark grey, some breeds of white skin are found in some areas usually called albino snails. They are 11 to 19cm at maturity and can weigh between 300 to 9 to 500g or more. They grow to full size in their natural habitats from 12 to 14 months or more. The shell is less pointed than the ACHATINA ACHATINA species.

Archachatina Marginata is not a snail but a subfamily of achatinidae with over seven subspecies.

Archachatina Marginata CAMERUNENSIS
Archachatina Marginata EDUARDO
Archachatina Marginata CANDEFACTA
Archachatina Marginata GREVILLEI
Archachatina Marginata ICTERICA
Archachatina Marginata SUTURALIS
Archachatina Marginata OVUM.

Yes, I know you are surprised about all these subspecies I listed above right? Because the majority of snail Farmers only know and talk about two among the seven, the Sauralis and the Ovum’s, it doesn’t mean the other five have gone extinct.

Let’s focus on the two popular Marginata’s, the Ovum and Saturalis because they are very fast growing and great for meat production,

Archachatina marginata Suturalis (AMS).

AMS is very common in swampy regions but that doesn’t make it a water snail, it is easily found in Delta State and the Eastern part of Nigeria. It lays five (5) to ten(10) eggs per clutch and can regulate this batch three (3) to eight (8) times in good environmental conditions throughout the year.

It is very slow in growth compared to Achatina Marginata Ovum, it doesn’t have strong international market value, and it can take up to five (5) years to grow to jumbo size, wow that’s a whole lot of time if you ask me!

We have two types of suturalis : Swap suturalis and land suturalis. Land suturalis grow faster than swamp suturalis but are not comparable to Ovum both have the same egg-laying capacity.

Archachatina marginata Ovum (AMO).

archachatina Marginata ovum How to Start a Profitable Snail Farming Business in Nigeria in 2021

Many farmers consider it a hybrid snail because

it can out-grow other snails and accumulate more weight in a very short space of time. ( exactly why you should pick this type)
It has the highest international market value and can grow to jumbo size within two years
It lays between five (5) to ten(10) eggs per clutch and can regulate this batch three to five times a year

Two Main purposes of Rearing Snails

Just like in Poultry Production, some birds are kept for meat or egg purposes however in snail farming you are either rearing for slime production or meat production, slime production is a highly untapped sector in snail farms because people are yet to understand how it’s done, the snail slimes are used by big tech pharmaceutical companies in making body creams, various cosmetics, and drugs

While in meat production which is the most common practice of all snail farmers snails are raised for consumption purposes, it’s up to you to decide which area to focus on, the interest will determine which species of snail to raise I put it out in two summaries below

For meat production ; AMO ( Achatina Marginata Ovum) For slime extraction; AF ( Achatina Fulica)

Now I am pretty sure you have known more than enough about snails and you are ready to go into the snail farming business right? Then welcome, but what next?

There are certain steps and farm management practices you must practice to be very successful, First, you need to set up their housing units,

The Snail Housing system differs but it’s not rocket science to set up, It all lies in your capacity, you can rear snail in any place even inside your living rooms lol a surprise? Don’t be, snail house can be an empty plastic container of paints to baskets, etc,

For clarity and productivity, the best places to raise snails are in cool and shaded areas, in your back yard, free from direct sun rays, in your gardens, few people often raise snails using car tires if you have the desire to grow more than 50 snails or more, then small enclosures won’t be very productive, you can construct cages, hutches or use the greenhouse system whereby the snails are major kept together with green gardens but on a secured free-range system,

After you have gotten ready the snail pen, it’s time to prepare the housing environment to be conducive for them. There are two ways you can utilize to get the house ready, The soilless system of raising snail or utilization of soil,

The soilless system can only be applicable in the intensive system which requires lots of care and attention but it’s also productive, as a professional and researcher in snail farming, I will recommend the system for slime production and snail hatchlings ( snail babies because they are delicate and can die easily in any slight changes of the environmental condition

The soilless system is great but one disadvantage of it, whenever the snails are left for a long time without adequate moisture they die out, you must ensure you moisten their pen daily and will provide lots of plantain leaves to retain the moist humid micro atmosphere in their pen, this is why their house must be under a shade or in a room, under trees to regulate the temperature of the house,

High temperature is bad for snail business because it increases mortality (death rate) its cool to consider the saturalis love a swampy humid environment, but the Ovum is better with soil moisture less than 50, they can also tolerate a slight increase in high temperature, unlike Saturalis, Fulica’s and the AA’s The best kind of soil for snail farming is Loamy soil.

Loamy soil is any soil that can conveniently support the growth of vegetables. But for a more in-depth explanation, the soil texture should not be coarsely mixed with stone, it shouldn’t be mashy too like the clay soul which tend to be waterlogged, the soil should be dark, riched in organic matter, ( Here is how to convert a soil to loamy soil )

After getting the loamy soil you need to treat the soil to prevent diseases or larvas of ants, flies which are normally laid in riched loamy soil to hatch and eat up your snail

Soil Preparation for the Snail Pen

For an intensive system of raising the snails, you need to treat your soil in order to reduce the chances of contaminating your pen with other dangerous pests or insects, larvas of other organisms which can eat of your snails

How to feed your snails

Feeding plays a significant role in the life of every animal. Land snails are a large group of pulmonates belonging to the class Gastropoda of the phylum Mollusca. Like other nocturnal animals, snails are mostly active during the night, i.e. to say their reproduction, feeding, and other behavioral activities are at their peak at night. Time of feeding has a significant effect on the growth of land snails and some other fauna resources. Land snails are nocturnal animals, so photoperiods have a significant regulatory role on invertebrates. Which have been exploited to adapt to life on land like the vertebrae species. Snails feed at night and dusk when there is rain or if the sky is overcast, subsisting on both fresh and decomposing plant materials.

Snails feed usually at night and their most preferred diets include; unripe pawpaw fruits, chaff from fermented milled maize, they show a distinct preference for moist feed such as snail feed, powdered shells which are moistened with water before being offered to them. Feeding activity in snails depends on the weather because they prefer juicy fruits, leaves, and vegetables to dry ones. In most Snail farms, they are usually fed at different times depending on the preferred time of the Farmer.

The habit or behavior of snails feeding at night is adaptive in nature as it protects snails from dehydration and possible predators that are usually available during the day.

Presenting feed to Snails at night enhances their feed intake and growth, more so, Snails fed at night consume more feed than snails fed in the morning as the feed is still fresh and attractive to the snails. Also, snails fed at 6 pm and 8 pm have more nutrient intake than snails fed at other times, this is because they eat more feed as they are fed at their preferred time.

Now it must be noted that snail feed is grounded in the different classes of feed that are required for Snails. it is not wise to have your snails fed with only one or two particular classes of feed, there must be a ratio of feed that presents the different classes of feed to your snails

Feeds and Sources of Snail Foods

sources of feeds for snail How to Start a Profitable Snail Farming Business in Nigeria in 2021

Feeding activity for snails depends on the weather, and snails may not necessarily eat every day. Wet seasons or irrigation encourage feeding since the moisture makes it easier for the snails to move about. Snails are nocturnal animals. This means that they are primarily active at night, they look for food during the night or in the very early morning hours. When looking for food, they use their powerful sense of smell.

Snails are vegetarian and they can eat a wide variety of foods: vegetables, fungi, tubers, algae, and fruits form part of the essential food for snails. Young snails can eat about twice as much feed as mature snails, and they prefer soft leaves and shoots.

How does snails feed?.

The mouth of terrestrial snails is unknown to most people. Have you ever wondered how they eat? These mollusks have an organ in the mouth with rows of tiny teeth, sometimes compared with a tongue, fully functional at the time of eating.

The radula is this structure inside the snail’s mouth that has rows of chitin teeth. When the food reaches this structure that looks like a sac, the teeth do not cut or grind it as human teeth would. Instead of being chewed, the radula scrapes the food and breaks it, before it passes through the esophagus to continue the digestion process.

These tiny teeth suffer much wear and tear as time passes. Therefore, they are continually replaced by others. Not all species have the same number of teeth. Some have rows with a few, but in others the number reaches hundreds.

FAST GROWTH. carbohydrates for energy, and they also need protein for growth. Snails require a large number of calcium deposits in their environment for their shells, as well as other minerals and vitamins. Here is the list of food you can feed your Snails with.

Causes of High Mortality in Snails

Snails have many enemies. These include termites, soldier ants, frogs, toads, rats, snail-eating birds, lizards, and larvae of some beetles. Common salt is also poisonous to Snails. Overcrowding is a serious cause of mortality in snail pens. When too many Snails are crowded in a pen, they produce undesirable secretions which are observed to reduce their productivity. To remedy these;

These are what to do when ants invade your snailery without panic, use of chemicals, or spending money. A simple process with the benefit of affordability, safety, and time-saving is to Remove the snail and wash them in water to free them from any attacking predator

Be careful while you do this so you don’t break their shell at the hedge or drown them in water. Don’t commit the mistake of dropping them in water or keeping them there to get rid of the ants Wash them one after the other.

Search and remove all discoverable eggs as much as you find. Keep according to hatchling procedures. Boil water to a boiling point and generously apply the hot water on the sides of the pen. The water will travel downward to kill all the ants and their eggs. Do this repeatedly when you notice their presence, not until they attack. You will soon set the area free of their invention, take the war to their colony as you sight or suspect them.

Snail Farming is a crazy fun area you should venture into because the demand is very high and its highly untapped, besides there are various areas you can focus on in snail business, you may decide to based on hatching segment or fattening of growers to point of lay which takes about 4-6 months It might seem like a long time right? How about you buy growers snail which is in the 3 months stage up, fatten it to next 3-4 months, it will reach to a point of lay, then you can sell it 250- 300 something you bought about 70-100 naira each,

Imagine if you have gotten about 3000 pieces of this it will be N250 (average) x 3000 = N750,000 Removing the cost of acquiring them N750,000 – N300,000 = N450,000 in 3 months time

Any business which can give you such return on investment within 3 months is very lucrative, even poultry can not give you that with N300,000k Before you ask me about other costs, you can actually feed your snails on vegetables and other household waste such as the back of watermelon, yam/potato peels, maize & Soybean waste, even if you wished to use formulated feed you will not waste more than 50k to raise them if you intermix the feed with vegetables, fruits, waste and compounded feeds, In my other post, I have shared exhaustively on:

How to construct your snail house yourself
How to enrich the soil substrate
How to fabricate snail, automatic water drinker
How to hatch your snail eggs
How to take care of snail hatchlings
How to fatten your snail to jumbo size or table size
How to Boost your snail egg-laying abilities

In Case you need to construct a snail farm or buy a good point of lay (POL) snails, ( snails on the verge of laying eggs) AMO, AMS, AF, AA, I have made a human-verified directory with legible snail farmers across the state, so feel free to reach out to any, If you have experience or have snails to sale, you can submit your information here, after we verify you by checking out few things your information will be listed on our platform for buyers to connect with you

After reading this, do you still have more questions? Use the comment box, I will try to answer as quickly as I can,

Hi, I am Joshua Nwankwo, The CEO of Startup Ng and the founder of Afripals Interactive, Well I am a Civil Servant in Day time, a farmer at noontime and a Blogger in the evening. My passion for being free from Government paychecks and also helping my fellow young people to be self-empowered is why I run this blog An Animal Scientist by Profession and a blogger by passion, you can always reach me on my contact page for help or support

Nice said we’ll

Pls tell me more about it

of course its great

How is snail egg hatched

This is the most Complete Guide on How to Prepare Your Own Hair Salon Business Plan in Nigeria:

Brief History on Hair Salon Business:

Table of Contents

Hair salons have a long history dating back to ancient civilizations, Infact in ancient Egypt, people used to shave their heads and wear wigs to protect their scalp from the sun. Barbers and wigmakers were highly respected and often served as advisors to the pharaohs. In the Middle Ages, barbers and hairdressers were usually men, and women were expected to do their own hair at home. In the 18th and 19th centuries, hair salons emerged as a place for fashionable people to socialize and get their hair styled. These salons were often owned by women and were seen as a place for women to gather and discuss social and political issues, As time went on in the 20th and 21st centuries, hair salons became more widely available and offered a wider range of services. Today, hair salons can be found in almost every town and city, offering a variety of services such as haircuts, styling, coloring, and treatments.

Now Every one Wants to start a Hair Salon Business but truth is that to be successful in this business you definitely need a hair salon business plan in Nigeria

Steps on How to Prepare a Hair Salon Business Plan in Nigeria

Here are some steps you can take in order to Prepare write a Hair Salon business plan in Nigeria:

Define your Hair Salon target market: Identify the type of customers you want to serve and the location you want to target. Consider factors such as age, gender, income level, and geographic location.
Describe your products and services: Detail the types of hair services you will offer, such as haircuts, styling, colouring, and treatments. Also, consider offering additional services such as makeup application or nail services.
Develop a Hair Salon marketing plan: Identify how you will reach and attract your target market. This can include advertising, social media, and local partnerships.
Create a financial plan : Estimate your startup costs, including rent, equipment, and salaries. Create a budget and forecast future revenue and expenses.
Outline your management and organization: Describe the ownership structure of your business and the roles and responsibilities of your staff.
Set goals and objectives: Identity specific, measurable, achievable, relevant, and time-bound goals for your business. These could include targets for revenue, customer satisfaction, and employee retention.
Create an action plan: Develop a step-by-step plan for implementing your business strategy and achieving your goals.

By following these steps, you can create a comprehensive Hair Salon business plan in Nigeria that will help you effectively launch and grow your hair salon business.

Reading this you will Already know that to prepare a Salon Business Plan in Nigeria would definitely be time consuming, Well we have done the Hard work for you. We can help you prepare a hair salon business plan in Nigeria that is very comprehensive and below is the table of content we usually cover in our hair salon business plan in Nigeria, You can copy it to prepare yours if you want or you can contact us NaijaCEO , which ever works for you

Hair Salon Business plan in Nigeria PDF template:

Executive Summary
Description of Problem and Solution 2.1 Vision 2.2 Mission 2.3 Value Proposition 2.4 Business Objectives 2.5 Critical Success Factor 2.6 Current Status of Business 2.7 Legal Requirement 2.8 Contribution to Local and National Economy 2.9 Contribution to SDG
SWOT Analysis
Market Analysis
Competitive Analysis & Risk Analysis
Marketing Plan 6.1 Description of Product (S) or Service (S) 6.2 Potential challenges in the business industry 6.3 The Opportunity 6.4 Target Market 6.5 Marketing and Sale Strategy
Production Plan/Operational Plan 7.1 Description of the Location/Factory 7.2 Raw Materials/consumables 7.3 Production Equipment/Capital Expenses 7.4 Equipment/Depreciation Table 7.5 Pricing strategy 7.6 Record/Stock Control Process 7.7 Pre-operating Activities and Expenses

8.0 Organization Structure and Responsibilities

8.1 Salary Schedule

9.0 Financial Plan

9.1 Start-Up Capital Estimation (Expansion Capital Estimation)

9.2 Loan Details

9.3 Business Risk and Mitigating Factor

9.4 Financial Projections

9.5 Sales Forecast And Sales Assumption

9.6 Income Statement (P&L) Account

10. Conclusion

This Everything your Hair Salon Business Plan in Nigeria should cover and ours actually do follow this format.

What Is the Importance Of getting A Hair Salon Business Plan in Nigeria?

A good hair salon business plan is the foundation for any successful hair business in Nigeria. It will help you to organize your thoughts and ideas, and it will also help you to set up a realistic budget.

If you are thinking of starting a hair salon business in Nigeria or any where, then it is important that you create a good business plan or get one from us. This will help to organize your thoughts and ideas, as well as set up a realistic budget.

The way to start successful hair business in Nigeria is by first understanding the market and then mapping out a plan. The plan should include what you want to do, how you want to do it, and how you will measure success.

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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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A Step-by-Step Guide to Shoemaking in Nigeria

by Aham Onyemachi

Shoe manufacturing presents a promising opportunity for entrepreneurs in Nigeria given rising demand and the appeal of locally designed footwear. In this comprehensive guide, we walk through the key steps and processes involved in setting up artisanal shoe production using basic equipment and materials.

We cover sourcing quality leather, making shoe lasts, essential tools and machinery, designing for Nigerian feet, assembly techniques, packaging ideas, cost considerations and licensing requirements. Whether you want to launch your own footwear brand or manufacture for clients, this guide shares valuable insights for making shoes in Nigeria.

An Overview of Nigeria’s Shoemaking Industry

Footwear manufacturing has a long tradition in Nigeria’s cultural and economic history. Traditional artisanal shoemaking skills have been passed down generations, especially in historic hubs like Kano.

Beyond locally made leather sandals and slippers, demand for more contemporary, fashionable footwear is now booming driven by Nigeria’s large youth population. However, the bulk of modern shoe retail remains dominated by imports.

Locally made shoes only account for 15% of the formal footwear market. Yet the opportunities are vast, with annual demand estimated at 280 million pairs and rising. More entrepreneurs are now seeking to tap into the growing interest in made-in-Nigeria footwear.

Key Benefits of Local Shoe Production

Setting up local shoe manufacturing has many advantages:

Import Substitution – Curtails Nigeria’s dependence on imported shoes which made up 85% of formal footwear as of 2019.

Job Creation – Shoemaking provides employment and skills development for many artisanal workers.

Supports Local Leather Industry – Stimulates the local leather goods ecosystem.

Flexible Design and Customization – Ability to design shoes for Nigerian feet and sensibilities.

Affordability – Lower cost than foreign designer brands make locally made shoes accessible.

Foreign Exchange Savings – Reduces pressure on Nigeria’s forex reserves from footwear imports.

Made in Nigeria shoes are also perceived as unique, authentic and of a better fit. Supporting local artisans and sourcing leather sustainably also appeals to consumers.

Essential Parts of a Shoe

Before diving into production, it helps to understand shoe anatomy and key components:

Upper – The top part of the shoe that covers the foot including vamps, quarters, toe box and tongue. Made from leather, textiles etc.

Outsole – The bottom outer layer that contacts the ground. Provides traction and abrasion resistance.

Insole – Inner base layer that sits underneath the foot. Provides cushioning.

Midsole – Found between the outsole and insole. Absorbs shock and adds comfort.

Heel counter – Reinforces and stabilizes the heel section.

Shank – A stiff element between the insole and outsole that provides support.

Eyelets and laces – Allow fit adjustment and closure.

Toe box – Covers and protects the toes.

Welt -joins upper to the sole. Can be faux welt or allow re-soling.

Understanding shoe components allows for designing quality, long-lasting and comfortable styles.

Step 1 – Design and Create Lasts

Shoemaking begins with designing the shoe and shaping lasts. The last is the solid mould around which the shoe is constructed .

Start by sketching and conceptualizing the shoe design – style, size, colours etc.
Next, carve and form lasts from wood or plastic to match the shapes of your designs.
The lasts will be worn by the footwear, so make lasts that mimic foot dimensions.
Different lasts are required for left and right shoes.
Often lasts are imported. But you can handcraft your own.

The design process is key for visualizing the end product while lasts physically manifest the design to create the shoes over.

Step 2 – Select and Cut Upper Materials

The shoe upper comprises components like vamps, quarters, linings etc. Choosing quality materials ensures durable, comfortable uppers.

Leather is the most popular material for quality shoes owing to its durability, breathability and aesthetics. Consider leather origins and tanning process when sourcing.

Full grain leather is most durable option. Suede provides a softer feel.
Nigerian Kano and Sokoto states are known for leathercraft.
Ensure any dyes, finishes etc. do not contain harmful chemicals.

Measure the lasts and cut out leather sections needed for the vamps, quarters, tongue, linings etc. according to your design. Skiving helps reduce thickness. Allow seam allowances.

You can also use textile fabrics as uppers. Synthetics like PVC or mesh add durability and breathability in certain areas. Just ensure sections are cut neatly and accurately.

Step 3 – Prepare the Insole

The insole forms the inside base that the foot rests on. Material choices include:

Leather – Offers rigidity and support
EVA foam – Provides cushioning
Felt – Absorbs moisture to limit odour

Trace the shoe last on chosen material then cut to shape. Prepare the insole before assembling upper as it helps hold sections in place.

Insoles can also be directly adhered onto preformed EVA foam shapes rather than fabricating from scratch.

Step 4 – Attach the Upper

There are a few techniques for attaching and closing the upper:

Turnshoe Construction

This involves stitching leather upper over the last right-side out, then turning it inside out over the sole. It allows hides to be stitched aesthetically before turning. Simple and artisanal.

Carovar Construction

Here the upper is first wrapped and stitched inside-out over a temporary sole shape. Then the moulded sole is attached. This secures the upper firmly for better shaping.

Cemented Construction

The upper and sole are attached using adhesives rather than stitching. Allows using thinner leathers. Common in modern mass production.

Stitched Construction

Uppers are stitched directly to the midsoles and outsoles using durable welt stitching rather than adhesives. Allows re-soling. Very durable.

Assemble the upper on the last temporarily using tacks. Then apply the chosen method to attach and close the upper more permanently before adding soles.

Step 5 – Attach Soles

Leather, rubber, or man-made polymer soles can be used.

Leather soles provide flexibility and feel but wear quicker. Rubber soles are more durable and provide traction but can feel rigid. Polyurethane soles balance durability and flexibility.

Stitch, nail or glue soles to the uppers according to shoe construction method:

For turnshoes, glue or nail sole to closed uppers.
For carovar construction, directly inject moulded soles.
With cemented construction, adhere flat soles.
For stitched shoes, welt and stitch leather or rubber soles.

Reinforce joints using fillers like wood pegs. Allow adhesives to cure fully before finishing.

Step 6 – Add Heels and Accessories

Heels lifts can be created by:

Tacking heel stacks from leather, wood or TPU layers
Attaching carved solid wood or rubber heels
Moulding TPU heel counters for stability

Pin, nail or glue heels securely. Fill gaps if needed. Attach any hardware like eyelets, buckles, ornaments using screw posts, rivets or adhesives.

Step 7 – Finishing and Detailing

Apply edge paints and finishes to give an attractive look while sealing the leather. Common finishes include:

Wax polishing for sheen and protection
Acrylic latex/polyurethane for gloss and water resistance
Oils to condition and moisturize leather

Brush, spray or roll finishes on the footwear. Pad any harsh edges. Ensure proper curing or drying. Polish and buff for an attractive look.

Attach laces through eyelets or integrate velcro straps, zips etc. according to the design. Stuff with paper to help hold shape if needed.

Essential Shoemaking Tools and Equipment

Some key tools for small to medium-scale shoe production include:

Lasts and Stands – For shaping shoes as per designs

Knives – For cutting and skiving leather

Scissors – For trimming threads and fine-cutting

Awl/Punch – For making holes for stitching

Hammer and Nails – For tacking components together

Cutting Dies – For accurately cutting sole shapes

Stitching Wheels – For closing and attaching uppers

Glue Guns and Brushes – For adhering parts and edges

Finishing Sprayers – For applying paints and sealants

Polishing Equipment – For buffing and shining completed shoes

Electric motors and presses can mechanize production by attaching to tools to improve efficiency and quality.

Advanced Machinery Options

Some more advanced machinery options for larger manufacturers include:

Cutting machines – For precision cutting of leather components using hydraulic presses

Skiving machines – To uniformly thin leathers to the required thickness

Closing machines – To stitch upper components together consistently

Lasting machines – To mould and attach uppers over shoe lasts

Sole attaching machines – To attach soles to uppers with speed and pressure

Edge finishing equipment – For spraying edges neatly with paints/sealants

Conveyor ovens – For curing adhesives at set temperatures

While artisanal workmanship is charming, machinery improves productivity for commercial-scale shoe manufacturing with consistency.

Designing Quality Shoes for the Nigerian Market

Beyond technique, good design ensures shoes appeal to Nigerian tastes and feet. Keep these tips in mind:

Analyse Local Feet

Foot sizes, widths and shapes vary geographically. Learn Nigerian foot morphology and design lasts suited for the market.

Ventilation

Ensure uppers, linings and soles allow air circulation to keep feet cool and fresh in a hot humid climate.

Moisture Wicking

Utilize natural fabrics that can absorb sweat and leather finish to repel water. Avoid non-breathable synthetics.

Generous foam or air cushioning provides comfort for walking on uneven roads. Test shock absorption.

Include arch support and a firm heel counter for foot stability. Essential given many Nigerians walk long distances daily.

Incorporate durable rubber soles with grippy tread patterns tailored for urban and rural terrain.

Minimize seams. Choose stain-resistant leather. Finish edges smoothly to prevent snagging and enable wiping clean.

Flexibility

Go for flexible but firm soles that allow natural foot movement when walking rather than stiff boards.

By keeping Nigerian feet and lifestyles central to the design, your shoes will excel in comfort, performance and appeal.

Quality Control and Testing

Meticulous quality control ensures any footwear defects or issues are identified and fixed:

Carefully examine every pair under a bright light after assembly. Mark any flaws.
Check adhesive bonds by flexing and twisting soles. Redo if any parts loosen.
Evaluate seams and stitching under magnification for gaps or fraying.
Scratch and scrape at edges to check finish adhesion. Redo coats if needed.
Test fit on forms or feet of varying sizes. Adjust lasts and repairs issues.
Evaluate components for blemishes, uneven colouring, grit etc.
Verify dimensions like sole thickness, heel height etc. post assembly.
Test wear and tear by having people walk in the shoes on different surfaces.

Thorough testing requires time but reduces returns and complaints regarding Nigerian-made shoes.

Product Packaging Ideas

Good packaging protects shoes during storage and transport while presenting them attractively to customers. Considerations for retail footwear packaging include:

Shoe boxes – Sturdy boxes preferably with brand print and designs. Various paper or cardboard options are available.
Tissue paper – To wrap each shoe before placing it in a box. Prevents scuffing and absorbs moisture.
Stickers – For sealing boxes after placing shoes and tissue wraps. Custom-branded stickers add flair.
Bags – Plastic or paper bags help carry the packaged box. Include brand logos, art or product information.
Tags – Hang tags detail shoe name, size, material etc. They convey product highlights at the point of sale.
Silica sachets – Absorb excess moisture during shipping or storage to prevent mould.

Consider optional additions like personalized notes, special offer leaflets, “Thank You” cards etc. to delight customers.

Registering and Licensing Your Shoe Business

To legally manufacture and sell shoes in Nigeria, key requirements include:

Business Registration – Register your business name with the CAC to formalize your shoemaking enterprise.
SON certification – SON product certification ensures your shoes meet applicable Nigerian Industrial Standards.
MSME registration – Sign up on the MSME portal to access government support schemes for small businesses.
Safety and compliance – Follow regulations around factory safety, worker welfare and environmental impact.
Taxes – Register for company income tax and VAT compliance with the FIRS.
Leather certification – Only source leather from tanneries registered with the Leather Council to ensure best practices.

Formalizing your operations builds credibility and public trust in your brand. Ensure you comply with all regulations.

Cost Considerations for Shoe Production

The key cost elements associated with setting up shoe manufacturing in Nigeria include:

Machinery and tools – For production, cutting, stitching, polishing etc. Prices range from ₦50,000 to ₦5 million.

Workshop setup – Renting production space, furniture and storage costs ₦200,000 to ₦1 million annually depending on location and size.

Raw materials – Leather, soles, adhesives, lasts etc. Budget ₦1000 – ₦3000 per pair. Resole materials cost less.

Labour – Salaries for artisans and technical specialists range from ₦50,000 – ₦150,000 monthly.

Packaging – Boxes, stickers, tags, paper etc. add ₦100 – ₦500 per pair.

Marketing – Online advertising, brochures, fairs etc. have recurring media costs.

Utilities – Power, water, waste management and internet connectivity are ongoing overheads.

Transportation – Logistics for material deliveries and product distribution.

Keeping production lean and localizing sourcing helps optimize costs when starting out. Prices come down at scale.

Pricing Your Shoes

Pricing shoes involves balancing production costs with customer willingness to pay:

Luxury leather shoes can retail for ₦20,000 to ₦200,000 based on design, materials and branding.
Casual or synthetic shoes range from ₦5,000 to ₦15,000 offering an affordable segment.
School shoes sell for ₦2,000 to ₦5,000 driven by bulk institutional contracts.
Tailored bridal shoes can fetch premium rates of ₦100,000 upwards per customized pair.

As your brand grows, you can target higher margins through direct consumer sales. Multi-channel distribution also helps test pricing sweet spots across segmented markets.

Run promotions like discounts, bundle deals etc. during peak footwear seasons or festive sales. Offer free customization for bulk orders.

Pricing competitively helps local brands gain market share. Localising production keeps costs lower than imported shoes.

Sales and Distribution Channels

Some of the major sales channels for made-in-Nigeria footwear include:

Direct retail – In-house branded stores. Gives the highest margins but needs investment and operations capability.

Third-party retail – Shelf space in footwear stores, boutiques or fashion outlets. Provides market visibility but may require revenue sharing.

Institution sales – Bulk supply contracts with schools, hospitals, hotels etc. Generates volume but low unit margins.

Trade fairs – Exhibitions targeting fashion industry buyers provide orders, publicity and feedback.

E-commerce – Online product listings, social media marketing and dedicated websites help drive direct sales. Requires fulfilment capability and digital skills.

International export – Opportunities in markets like the UK, Caribbean, and SA where the “Made in Nigeria” perception carries cachet.

As production scales up, exploring multiple distribution channels will help maximize market reach for your shoes across diverse segments.

Avoiding Common Pitfalls

Some common mistakes to avoid when manufacturing footwear in Nigeria:

Using poor quality leathers and materials that crack or fail prematurely.
Failing to anatomically match shoe lasts to Nigerian feet leading to fit issues.
Focusing excessively on imitation and copying existing designs rather than innovating.
Skimping on product testing and quality control resulting in defect escapes.
Not complying with regulations and standards in a bid to save money.
Inadequate safety investments and workplace practices in production unit.
Choosing overly complex or ornate styles that become expensive to produce at scale.
Assuming demand rather than proactively doing market research and seeking consumer feedback.
Expanding production haphazardly without sufficient working capital and inventory management.

By avoiding such pitfalls through careful planning and experience, your Made in Nigeria footwear has strong prospects of succeeding and claiming market share.

Optimizing Chances of Success

To maximize your chances of sustaining a profitable shoe production business, focus on:

Mastering technical manufacturing skills and quality
Seeking mentorship from experienced shoemakers
Rigorously testing products before launch
Building your brand story and identity
Registering intellectual property like designs and logos
Leveraging social media and e-commerce for sales
Offering differentiated designs suited to Nigeria
Collaborating with footwear suppliers, retailers and schools
Exhibiting at trade fairs to attract large orders
Investing surplus into upgrading machinery and tools
Taking feedback and being responsive to consumer needs
Contributing to local skills development

Shoe manufacturing can thrive with disciplined execution and bringing Nigeria’s natural craftsmanship to the fore.

The Growth Potential Ahead

With expanding demand, low existing local supply and import substitution benefits, shoe production in Nigeria offers strong growth potential. Entrepreneurs who build capabilities, scale cautiously and deliver quality have tremendous prospects.

Associations like NISMA and Leather Institute provide technical and regulatory support for new makers. Government schemes like Youth Entrepreneurship Support also aim to catalyse the space.

As more support ecosystems emerge for Nigerian artisanal manufacturers, Footwear has the opportunity to follow in the footsteps of proud made in Nigeria fashion brands.

With dedication to mastery and business fundamentals, Nigeria’s next generation of shoemakers can tap into its strong cultural heritage and affinity for footwear to drive value creation that stands the test of time.

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Palm oil production and processing business plan in Nigeria

What We Covered In This Article

Overview of Palm Oil Production in Nigeria

Palm oil production is one of the major sources of income for Nigerians. In 2021, it was estimated that 1,280 thousand metric tonnes of palm oil were produced in Nigeria. This shows the immensity of the production of palm oil in the nation. Infact, Nigeria is one of the five nations, leading in the production of palm oil in the world.

Palm oil production has to do with the extraction of edible oil from the mesocarp of the palm fruit, which is suitable for human consumption and is used in making various kinds of products and things.

Palm oil was one of the major sources of income for the Nigerian government in times past, before the discovery of crude oil. However, it is being focused on again, as the government is now investing a lot to revive that sector of the economy.

Overview of Palm Oil Processing

The Palm tree is important, as many things can be derived from it, to be used by humans. To start with, palm fruits can be used to get palm oil, the stems can be made into woods for building, palm wine can also be tapped from palm trees as a form of refreshment, etc.

Now, Palm oil is gotten from palm fruits and there is an extraction process that takes place before the oil is gotten from the mesocarp of the palm fruit. The Palm fruits seedlings are planted, and after they have been harvested, the bunches of the palm fruit are threshed and sterilized, to get the palm fruits from them.

Afterwards, the palm fruits are crushed, to extract the crude palm oil. This crude palm oil is then purified and dried before it can be put to use at home, in industries, etc. It can also be exported to other nations for exchange in international trades.

Uses Of Palm Oil

Palm oil is used for various things and in various industries. It is used in the home, industries, etc. Palm oil is used in preparing meals, cosmetics, soap, animal feed, etc. The following expounds more on the uses of palm oil.

Cooking:

Palm oil is one of the important ingredients used in cooking meals of different kinds, ranging from soup, stew, sauce, etc. Different tribes use it for various meals, and it is a key part of the food industry. Palm oil is used to cook Egusi soup, Banga soup, oha soup, vegetable soup, beans, etc

Palm oil is also used to fry food such as plantain, pepper, etc. It can also be used in making food items, such as pancake, cereal, chocolates, etc

Drugs:

Palm oil is also used in making drugs in the pharmaceutical industry. Due to the properties of palm oil, it is also very useful and effective in enhancing the bioavailability and solubility of drugs. And this helps drugs last longer by extending their shelf lifespan.

Manufacturing:

Another important thing palm oil is used for is in manufacturing different things, ranging from cosmetics, snacks, margarine, stock cubes, detergents, candles, deodorants, shampoo, toothpaste, etc.

Exportation:

Palm oil is also one of the important products used in trading between nations of the world. Nations like Indonesia, Malaysia, etc have palm oil as a major export product, which yields a lot of income for their economies.

Feed production:

Palm oil is also used in the production of feed for animals and livestock, due to its heat-resistant and edible nature.

It is used in making feed for animals, ranging from dogs, cats, pigs, etc. Also, since it is good as preservatives, it helps to prolong the lifespan of feed, to help it stay longer on the shelf, before expiration.

Preservation:

Palm oil is used as a preservative in many food items, ranging from human food to feed for animals. It is used in preserving food items to ensure that they don’t get spoiled on time.

Requirements Needed To Start Palm Oil Business

In starting a palm oil business, there are many things required to be acquired to attain success. Some of them are as follows;

Capital:

Capital refers to the money used in starting the palm oil business, which would be used in purchasing the facilities needed to kickstart.

Firstly, you need to purchase the land where you would plant palm oil seedlings. This could range from many acres to some hectares. It is important to get a large portion of land, to help you plant as many trees as possible.

You would also need capital to hire workers to work on the land, from the planting stage to the harvesting and transportation stage.

Some equipment and materials such as tractors, fertilizer, etc also need to be purchased to aid the planting process.

Land:

After securing the capital for the business, the next thing is to make the purchase of the land for the palm oil plantation. When buying the land for the plantation, it is important that the quality of the soil is examined, to ascertain that it would be suitable to grow palm trees.

Now, If you are unable to determine the fertility of the soil by yourself, you can hire experts to do this for you. This is important, to ensure growth for the palm trees after planting.

Another key thing to consider when purchasing the land for your palm oil plantation is the closeness of the land to your buyers. This would make it easy to transport your palm fruits to customers, as at the due, without hassle.

Another requirement for your palm oil business is the labour that would be needed in planting, harvesting, and transporting the produce of the farmland.

You would need to employ extra hands to assist you in the work, and you would have to pay them.

Storage:

Another requirement for the palm oil business is the storage facilities needed to store and keep the palm fruits and palm oil, after being extracted and purified.

Storage facilities are very important for the palm oil business, to preserve the palm oil got, from the extraction mill. This is also important to protect them from getting spoiled before they get to their buyers.

Transportation:

Another requirement for a palm oil business is the transportation facilities needed to transport your equipment, palm fruits, palm oil, etc to and from your palm oil plantation.

You could get trucks to help you transport things to and fro the plantation.

Suppliers/Retailers:

Getting reliable suppliers to supply you with the needed equipment, palm fruit seedlings, and other things is also a key requirement to consider when starting your palm oil business.

Getting retailers who would buy directly from you to supply to consumers is also important, to ensure the smooth transfer of palm oil from your plantation to customers, in exchange for money.

Production season of palm oil:

The production season of palm oil differs from nation to nation. However, in Nigeria, the best time to plant palm fruit is during the rainy season, which is usually around June-September.

This is recommended so that the roots of the trees would have been well-rooted in the ground before the dry season comes in.

Now, an oil palm starts to produce about 3 to 4 years after it has been planted. So, patience is required as a palm oil businessman or woman. It is also important to not relent during this waiting period, as one would be required to tend the plant from time to. time, by removing weeds, and doing other things to enhance growth.

Where to get palm seedling for planting:

Just like for every other tree, to grow palm nuts, you need to first get the seedlings to plant. And this is the cheapest way because palm trees are rarely grown through cutting, layering, and other asexual means.

You can either get them from the seed pods of flowering palms or buy them. And these palm seeds differ in size. While some are small and bright red, some others are very large.

Now, if you would like to get your seeds from your tree, it is advisable to get them immediately when they fall from the tree; showing that they are ripe. It is also important to use these seeds on time. This is because the lifespan of some of them is not long, however, for some, they can last for up to a year.

Now, you must test your palm seeds before planting them. This would help determine whether it would germinate or not. To test, simply put the seed in a container of warm water. Now, if the seed floats in water, it is not good for use. But if it sinks in the water, then it is good for planting.

Is the palm oil business profitable?:

The palm oil business is highly profitable, due to the many uses of palm oil, domestically and even industrially.

As a palm oil businessman or woman, there is always a huge demand for your product, as it is needed in high quantity and quality in nations, industries, families, etc. And although it is a capital-intensive business, its rewards and profits are far-reaching.

How much does it cost to start a palm oil business?

Starting a palm oil business depends on the type you want to venture into. To start a palm oil plantation business, you would need to purchase or rent some acres of land, and this would cost a lot. You would also need to buy palm fruit seedlings, and this would also require a lot of money, hiring manpower, machinery, etc also costs a lot.

On the other hand, if you were to start a palm oil extraction mill or sell palm oil directly, you would not spend as much as if you wanted to start a palm oil plantation.

Popular palm oil producing states

Delta State
Akwa-Ibom State
Cross-River State
Bayelsa State
Rivers State

Types of palm oil business

There are three types of the palm oil business that one can venture into, as a palm oil business man or woman. They shall be discussed as follows:

Palm Tree Plantation:

The first type of palm oil business is the palm tree plantation business, where you would be involved in planting and harvesting palm fruits. Here, you would be required to purchase or rent hectares of land to use in planting and harvesting palm fruits.

The palm tree plantation business is one of the intensive types of the palm oil business, which requires you to buy palm fruit seedlings, clear and make ready the land for planting, plant, monitor growth, and harvest at the end of a season.

It is quite capital intensive. However, its benefits are mind-blowing.

Set Up A Palm Oil Extraction Mill:

Asides from setting up a palm tree plantation, you can decide to set up a palm oil extraction mill, where you would specialize in crushing palm fruits, to extract the palm oil from them.

This is also capital intensive as you would have to purchase machines for the crushing process, as well as hire manpower to make the work faster. Setting up a palm oil extraction mill is another type of palm oil business, which has huge benefits to be enjoyed.

Sales Of Palm Oil:

Another type of the palm oil business is the direct sales of palm oil. This could be either large-scale or small-scale. When operating on a large scale, it is advisable to purchase directly from dealers who own extraction mills.

And if it is on a small scale, one can easily purchase from large-scale dealers or wholesalers.

How To Start a Palm Oil Business In Nigeria

To start your palm oil business, you need to sketch a plan to follow through, to ensure success in the business. The following steps can be taken to start the palm oil business in Nigeria:

Choose The Palm Oil Business You Want To Invest In:

Having learned earlier that there are different types of the palm oil business that one can engage in, it is then important that you decide which of them you would be venturing into.

You could decide to set up a palm oil plantation, where you would plant palm trees and harvest for others to get palm fruits from. You could also decide to have an extraction mill, where palm fruits are crushed to extract the oil from them. Or rather, be involved in the direct sale of palm oil.

Whatever choice you make, you need to consider your capital, skill, interest, etc.

Draft a business plan:

After deciding on the kind of palm oil business you would be venturing into, you should move forward to draft a business plan.

Your business plan would include the kind of palm oil you intend to start with, the amount of capital needed, how the capital would be sourced, mode of operation, etc.

CAC is the corporate body in charge of registering businesses in Nigeria. To make your business legally recognized by the law, you need to register the business under the business name you have chosen for it.

Registering your palm oil business with CAC also gives you access to some loan facilities, grants, and other national recognition.

Set up your production factory or store:

Now, you can go ahead to set up your production factory or store, depending on the type of palm oil business you would be venturing into.

If you would be going into the direct sale of palm oil, you would not need a factory. But for an extraction mill, you would need a production factory, as well as storage facilities to store the palm oil, before you sell them.

Secure suppliers:

Securing reliable suppliers is also important. As a palm tree plantation owner, you need to secure suppliers to supply you with palm fruit seedlings and other equipment.

Also, as a palm oil mill extraction business man or woman, you are to secure suppliers who own palm tree plantations, who would give you a steady supply of palm fruits to extract palm oil from.

Plan for logistics and transportation:

Next up, you need to plan for logistics and transportation to enable you transport the palm oil and palm fruits out of your farmland and extraction mill respectively to people who need them

Transportation is an important aid to trade which is not to be trivialized. A smooth medium of transportation would ensure that your product leaves your factory on time, and gets to the consumers who need them.

Market your products:

Now, after securing your transportation details, you are to market your product to prospective wholesalers and retailers who are in the palm oil business.

This is important to facilitate sales and get profits.

In preparing a business plan for your palm oil business, the following items must be included, featuring important details to help you attain success as a businessman or woman.

The following elements shall be considered, to help you come up with a business plan for your palm oil business:

Executive Summary:

The executive summary appears first in the business plan. However, it may be the last thing to be written, because it summarises all the details about the whole business plan.

The executive summary contains the amount of capital needed, work plan, estimated income over a period, estimate of labour required, etc.

Company Description:

The company description contains information about the kind of business the palm oil establishment is. It talks about whether it would be a palm oil plantation business, a palm oil extraction mill, etc.

It also contains information about whether it is a one-man business (sole proprietorship), partnership, etc.

This segment of the business plan contains information about the individuals involved in the business.

Here, their names and roles are spelt out, to aid comprehension.

Team members could include the Managing director, farmers, secretary, warehouse manager, etc.

SWOT Analysis:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.

This is a very important analysis to be done, which helps you identify your areas of strengths to capitalize on, weaknesses to work on, opportunities to explore, and threats to eliminate.

Strength has to do with the areas where you have a better advantage, as a palm oil business owner. This is to enable you to capitalize on these strengths to get more profit.

Analyzing your weaknesses helps you to know the areas you need to work more on, to get better results. Your weaknesses are also the areas that your competitors may want to take advantage of. So, you need to pay attention to them.

Opportunities refer to new areas or aspects of the palm oil business that you can take advantage of, to increase revenue and expand your network.

Threats refer to things that could pose danger to your business. It could be bad weather conditions, pests, etc.

Market Analysis:

Market analysis has to do with examining the market, to know what is in demand per time.

The market analysis would help you understand what consumers need, what kind of packaging appeals to them, how to market to them and how to get them to make purchases.

Financial Analysis:

The financial analysis for your palm oil business carries details about how much would be needed to start and run the business.

Capital required to purchase land, machinery, palm fruit seedlings, storage facilities, labourer’s wage, salaries for other staff members, etc.

Marketing Strategies:

This involves details about how you intend to market your product and move fully into the market, to sell.

Marketing can be done either through the traditional ways of connecting with retailers who deal in the palm oil business. It could also be through online marketing strategies, using social media, SEO, etc to market your products.

Competitive Analysis:

There would always be competition in the palm oil industry. Hence, it is important to carry out a competitor analysis, to check your competitor’s weaknesses, to take advantage of it.

You could also examine the strategies being applied by your competitor, which yields a lot for them and apply those strategies too, to get better in your business.

The appendix of your palm oil business plan includes additional documents that are not included in the body of the business plan. It could include charts, tables, graphs, and some other important elements, which are not yet included in the main body of the business plan.

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Nail Production in Nigeria; The Feasibility Report
This feasibility report seeks to examine the financial viability or otherwise of establishing a wire nail production plant in Nigeria using low carbon steel wire as the raw material. ... 3.7.1 Operating Activities and Expenses 3.8 Project Implementation Schedule 4.0 Organizational and Management Plan 4.1 Ownership of the business 4.2 Profile of ...
Nail Production Business Plan in Nigeria
Market review: Global Construction Nails Market is valued at 2284.7 million USD in 2020 is expected to reach 2797.1 million USD by the end of 2026, growing at a CAGR of 2.9% During 2021-2026. The building and construction industries are fast-growing, especially in the Africa largest economy like Nigeria. The market demand for nails in Nigeria ...
Wire Nail Manufacturing Business plan- Requirement, Investment, Profit
Raw material (Nail MS Wire) = Rs 32- Rs 35 per Kg. Total Production Cost on 1 kg= 32 + 3 (Labour +Electricity) = Rs 35 Selling Price in Market= 45Kg - 50kg. Profit on per Kg = Rs 10 - Rs 15 Machine Production per day = 600 kg. Total Production per month (26) = 15600 Kg (Consider 15000 Kg).
Nail Manufacturing Business Plan [Sample Template]
Below are the sales projection for Ian Bosman® Nail & Fastener, Inc., it is based on the location of our business and other factors as it relates to construction nails and fasteners manufacturing startups in the United States; First Fiscal Year-: $350,000. Second Fiscal Year-: $750,000. Third Fiscal Year-: $1 million.
How To Start A Nail Salon Business In Nigeria
Below is a detailed step-by-step guide on how to start a profitable nail salon business in Nigeria. 1. Get Experience Working In A Salon. Having a real-time and practical experience with any business you want to venture into is paramount as it helps you to make an informed decision about the business. Before setting up your own nail salon ...
Nail Production in Nigeria; the Opportunity
Contact us with any of the details provided below to arrange a meeting. Office Phone Number: 01- 295 24 13 {Monday - Saturday; 8 am - 5 pm} Mobile Number: +234 {0} 8033782777 ;+ 234 (0) 908 335 7733 {Monday - Saturday; 8 am - 6 pm} E-Mail Address: [email protected]. CC: [email protected].
Nigeria Nail Making Industry Development
The market demand for nail in Nigeria is on the increase daily. As a result of inadequate importation of nail, the local industry is growing bigger in the production of nail, hence, there are various type of nails in the market, the quality of some of the product are low. Nail is an important element of Nigeria's building business sector.
Nail Production Business Plan in Nigeria
This sample Nail Production Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Nail Production Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
How To Start A Construction Nail Production Business In Nigeria
Have it at the back of your mind that the construction nail production business is a highly profitable business though. Related: How to start a coconut oil production business in Nigeria. I have to point out here that the construction nail production business is a capital-intensive one. You should have enough funds to go into it.
How To Start Cosmetics Production Business In Nigeria Or Africa: A
How To Start A Lucrative Cosmetics Production Business In Nigeria Or Africa: The Complete Guide | Image: Pixabay Over time, people have emphasized their beauty with various materials and items which are applied to different parts of the body, mainly the skin, hair and face. Thanks to growing research, expanding knowledge, technological inventions and the
How to Write a Nail Salon Business Plan in 2024?
To start a business in the nail salon industry, you'll need to: Gather Necessary Info: Look into current nail salon market trends, research the local market and competitors, client segmentation, and your potential new customers and target market. Create Clear Quantitative Targets: Conduct a market analysis and base these targets on the ...
PDF Nail Making Business Project Report
Even if you want to gain some experience with business plan, nail manufacturing business is one ... UAE, Ethiopia, Kenya, Nigeria, Zimbabwe, Tanzania, South Africa , Ghana,USA, Mexico etc in establishing the nail production business. Uniwin Machinery are always ready and glad to . ZHENGZHOU UNIWIN MACHINERY AND EQUIPMENT CO.,LTD ADD:NO.10 ...
How to Write A Business Plan in Nigeria (Template for Nigerian
How to Write A Business Plan (Template for Nigerian Businesses) Know the purpose of the plan. Draft an executive summary. Describe your company. Do a thorough research. Competitive analysis. Take note of actual and estimated figures. Service or product plan. Outline management and organisation.
How To Write A Business Plan In Nigeria (Free Samples And Templates
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 ...
Nail Production in Nigeria; The Feasibility Report
This feasibility report seeks to examine the financial viability or otherwise of establishing a wire nail production plant in Nigeria using low carbon steel wire as the raw material. ... 4.0 Organizational and Management Plan. 4.1 Ownership of the business 4.2 Profile of the promoters 4.3 Key Management Staff 4.3.2 Management Support Units 4.4 ...
How to Start a Profitable Snail Farming Business in Nigeria in 2021
N250 (average) x 3000 = N750,000. Removing the cost of acquiring them. N750,000 - N300,000 = N450,000 in 3 months time. Any business which can give you such return on investment within 3 months is very lucrative, even poultry can not give you that with N300,000k.
(2024) List of Business Plans in Nigeria
📑 Download Business Plans in Nigeria This is samphina.com.ng your #1 plug for any Business Plan (Startups) in Nigeria. We understand the time factor, and we have simplified the process so that you can get your Business Plan ready as soon as possible by making available Business Plan for different businesses in Nigeria.
Hair Salon Business Plan in Nigeria
Here are some steps you can take in order to Prepare write a Hair Salon business plan in Nigeria: Define your Hair Salon target market: Identify the type of customers you want to serve and the location you want to target. Consider factors such as age, gender, income level, and geographic location. Describe your products and services: Detail the ...
A Step-by-Step Guide to Shoemaking in Nigeria
Hammer and Nails - For tacking ... By avoiding such pitfalls through careful planning and experience, your Made in Nigeria footwear has strong prospects of succeeding and claiming market share. Optimizing Chances of Success. To maximize your chances of sustaining a profitable shoe production business, focus on: Mastering technical ...
Palm oil production and processing business plan in Nigeria
Palm oil production is one of the major sources of income for Nigerians. In 2021, it was estimated that 1,280 thousand metric tonnes of palm oil were produced in Nigeria. This shows the immensity of the production of palm oil in the nation. Infact, Nigeria is one of the five nations, leading in the production of palm oil in the world.
Paint Production Business Plan in Nigeria
This document is a business plan for starting a paint production business in Nigeria. It discusses the current Nigerian paint industry, which is one of the largest in Africa and makes an important economic contribution. The industry has three tiers based on product quality and reputation. However, high-quality paints are too expensive for many. The business plan proposes to bridge this gap by ...
Paint Production Business Plan in Nigeria
To get your own Paint Production Business Plan in Nigeria, pay N10,000 to: BANK NAME: FIRST BANK PLC. ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM. ACCOUNT NUMBER: 3066880122. After payment, text your full name, email address and title (paint production business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

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Wire Nail Manufacturing Business plan- Requirement, Investment, Profit, Machine Required

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1. Get Experience Working In A Salon

2. Draft Out A Detailed Business Plan

3. Pick A Business Name

4. Register Your Business

5. Rent A Shop

6. Equip and Furnish Your Shop

7. Employ The Services Of Experienced Nail Technicians

8. Advertise Your Business

How Much Does It Cost To Start A Nail Salon Business In Nigeria?

Is Nail Salon Business Profitable In Nigeria?

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Ossi Samuel

How To Start Cosmetics Production Business In Nigeria Or Africa: A Guide

What Is Cosmetics?

What Is Cosmetics Production?

Business Opportunities Associated With Cosmetics Production In Nigeria And Across The World

1). Makeup Artistry:

2). Wholesale/Retail Of Cosmetic Products And Raw Materials:

3). Beauty Spa And Salons:

4). Beauty Consultancy:

Facts And Benefits Of Cosmetics

Types Of Cosmetics

2). Haircare Cosmetics:

3). Colour Cosmetics:

How To Start A Cosmetics Production Business In Nigeria: A Step-By-Step Guide

2). Draft A Business Plan:

3). Get A Business Site:

4). Employ Staff:

5). Stock Up:

6). Register Your Business And Get The Necessary Permits: