TABLE OF CONTENTS

Executive Summary                                                              1

Introduction to the business Plan                                        2

CHAPTER ONE

1.0       Personal Information on Entrepreneur and

          History of the Project                                                   3

1.1    Educational Qualification                                            3

1.2       Special Training                                                            4

1.3       Work Experience                                                          4

1.4       Reasons for starting Business                                     5

1.5       Name of Business                                                        4

1.5.1 Number of Certificate of Incorporation and Date      5

1.6    Any Other Relevant Information                                  5

1.7    Referees                                                                        5

CHAPTER TWO

2.1       Products                                                                       6

2.2       Production Processes in Detail                                   6

2.3       Raw Materials Specification and Requirement           7

2.4       End Products Standards                                             7

2.5       Quality Control                                                             8

2.6       Inventory Control                                                         8

2.7       Layout and Process Planning                                      8

2.8       Inventory Control                                                         8

2.9       Utilities                                                                          9

2.10    Location                                                                        9

CHAPTER THREE

3.0    Organisation and Manpower                                       10

3.1    Organisational Chart                                                   10

3.2       Functions of Each Personnel                                       10

3.3       Labour                                                                          11

CHAPTER FOUR

2.0       Market Survey and Research                                      12

4.1.1 Estimated Demand for Product                                  12

4.1.1.1   Buying Criteria and Influencing Factors               12

4.1.3  Estimated Supply – Demand Gap                               13

4.1.4 Weakness and strength of Competitors                                                                           13

4.1.5  Areas to be covered      14

4.2       Prevailing Unit Price of Product                                  14

4.3       Proposed Pricing Policy And Why?                             15

4.4       Product Mix and Varieties                                           15

4.5.1  Estimated of Annual Sales Revenue Projected

          for 5 years                                                                     16

4.5.2  Estimated of Annual Sales and Distribution

          cost on monthly basis                                                  18

4.6       Present Prevailing Market Practices                           18

4.6.2  Delivery and After Sales Service                                  19

4.6.3  Purchasing Procedures, time and Practices

          Prevailing                                                                      19

4.7    Owing Marketing Plans and Strategies                       19

4.7.2 Strength and Special Services to be Offered               19

4.7.3 Possible Clientele and Their Likehood of Buying       19

4.6       Market Plans and Strategies                                      

CHAPTER FIVE

5.0       Total Project Cost                                                         20

5.1    Capital Costs                                                                20

5.2       Preliminary And Pre-Operative Expenses                  21

5.3       Administrative Expenses                                             21

5.4       Provision for Working Capital                                     22

5.5       Summary for Total Cost of the Project                        22

5.6       Means of finance.                                                         23

CHAPTER SIX

6.0       Financial Viability of the project                                  24

6.1    Projected profit and loss account for five years         24

6.1.1 Assumption                                                                  25

6.2       Projected Cash flow for the first five years                  26

6.3       Projected Balance Sheet for five years                        27

6.4       Break Even point Analysis                                          28

6.5       Financial Analysis                                                        29

6.5.1          Debt Service Coverage Ratio                                   29

6.5.2          Debt Equity Ratio                                                    30

6.6    Project Implementation Planning                                30

EXECUTIVE SUMMARY

NAME OF BUSINESS

Hair Africana

TYPE OF BUSINESS

One man business/Sole proprietorship

PRODUCTS OR SERVICES

Products / Services

CUSTOMERS

Female, Male, Adults and Children

MATRIC NO: 03048036

NUMBER OF STAFF                   REQUIRED START UP CAPITAL

Two                                                   68,200

SOURCES OF START-UP CAPITAL

From my Immediate relatives

INTRODUCTION TO THE BUSINESS PLAN

NAME OF BUSINESS: Hair Africana

Residential Address and Telephone Number:

30, Ogunmola Close Surulere, Lagos

08035059987.

Postal Address:     Nil

Reference Number:    Nil

Nature of Business and Market Area:-

          I am Barbing Hair which is rendering service and not far from my home

          My type of business is for hair beautification of women, men which is strictly or typical ladies, men hair do.

          The market area will be in my district where I live because I have being recognised and patronized even before I opened a shop.

Type of Business:  Service

Location:      The location of my beauty shop will be very near to my house and very close to the bus stop.

Type of Organisation:                 

Type of organisation is a one – man business which is owned by me.  And it is on a small scale production/service.

Date Prepared: ………………

CHAPTER ONE

1.0       PERSONAL INFORMATION ON ENTREPRENEUR AND HISTORY OF THE PROJECT

Name:                            ………….

Date of Birth:                …………………………..              Age:  ..

Marital Status:             

Sex:                              

Place of Birth:              

State of Origin:            

Local Govt. Area:         

Religion:                       

Postal Address:             

Residential Address:    

1.1   EDUCATIONAL QUALIFICATION

1.2   SPECIAL TRAINING

1.3       WORK EXPERIENCE

1.4   REASONS FOR STARTING THE BUSINESS

A.      I love the work and enjoy doing it

B.      I have interest in it.

C.      I have so much experience in the job and am naturally gifted towards it.

D.      To create job employment for others

E.      To assist myself financially

F.      To be self reliant

1.5   NAME OF BUSINESS

Hair Africana

1.5.1 NUMBER OF CERTIFICATE OF INCORPORATION AND DATE

        Not registered yet.

1.6   ANY OTHER RELEVANT INFORMATION that may assist the evaluators in their decision making about the project.

A.      The business is likely to go backwards when the entrepreneur has no knowledge about it.

B.      The business requires a small amount of capital for start-up.

1.7       REFEREES

CHAPTER TWO

2      TECHNICAL FEASIBILITY

2.1   PRODUCTS OR SERVICES TO BE OFFERED SERVICE

          Give the technical details of the production/service.

          There isn’t much technicality in this work, its just for someone who can twist his/her finger in barbing hair

(1)     The hair will have to be washed and dried first

(2)     When the desired style of hair do has been chosen by the customer the hair will have to be patterned and with great

care.

2.2   PRODUCTION PROCESS IN DETAIL

(1)     The hair will have to be washed so that it won’t be sticking to the makers hand.

(2)     Then the hair begins technicality which can’t be described but being shown on how to do it.

2.3       RAW MATERIALS SPECIFICATION AND REQUIREMENT

(1)     Attachment          N250 each x 20 = N5,000 per month.

(2)     Set of Combs

(3)     A big Shampoo (per month)

(4)     A big jar of Hair cream (per month)

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