Coconut Fiber Mat and Carpet Production BUSINESS PLAN IN NIGERIA
Coconut fiber mat and carpet production Business Plan in Nigeria
This sample Coconut fiber mat and carpet production Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Coconut fiber mat and carpet production Business 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.
Business Description of Coconut fiber mat and carpet production Business Plan in Nigeria
Business: COCONUT FIBER MAT AND CARPET PRODUCTION
Industry: Agriculture
PatiladWonder inc. is a Coconut fiber mat and carpet production firm based in Badagry. We are strategically positioned in between a residential center and a commercial center and we are set to services both the corporate clients and individual clients alike of the community and beyond.
We have secured a large land space of about 200 hectares for the collection of our coconut fiber and also to build our factory for the processing of the same to mat and carpet. The space we secured is to ensure we produce a large capacity of mat and carpet which we serve all our clients and potential clients.
We have also been able to secure the necessary machinery for the Retting of coconut fiber, Extraction of Coconut Fiber, Spinning and Dyeing, and Printing of our fibers.
Customers are the main reason we are in business, this is why we treat our customers as a priority and as our number one fan. As such, all of the products are made with their unique needs in mind. Our staff are well trained in their approach to customers and how to maintain the customer relationship. Our customer service is second to none, we have an online presence where our clients can reach us and also place their orders, which will be delivered to them at their door step. Our target market includes both the Nigerian and international market, this are; individuals, supermarkets, retailers, households, restaurants, hotels,etc. We ensure that our customers get the best of our product and service by ensuring that our products are affordable and easy to access.
The benefits of our products and services are;
- Eco-friendly products
- Prompt delivery service
- Exceptional customer service
- Durability and Beauty
- Water and Insect Repellent
- Affordable Prices
- Ease of access to our product (can be found in supermarket, open market, e-commence store, and the international market)
Our Products and Services
PatiladWonder is involved in the production of high-quality Coconut fiber mat and carpet production to meet local and international needs. We are in business to make profit, encourage recycling and producing quality products for people and industries in commercial quantities.
Our products include doormats, rugs, mattresses, carpet and insulation panels
Keys to Success for PatiladWonder
The keys to success for PatiladWonder Coconut fiber mat and carpet production business include:
- Easy access to raw materials
- Efficient Equipment and machineries
- Acquire necessary regulatory licence for our factory.
- Offer quality processed products.
- Low operating cost
- Exceptional Customer service
- Efficient distribution network
- Online Presence
Read also: PALM KERNEL OIL PRODUCTION BUSINESS PLAN IN NIGERIA
Business Objectives for PatiladWonder
- To produce high-quality Coconut fiber mats and carpets all year round.
- To maintain profit margins at 20-25% through close attention to expenses and cost of production.
- To supply enough Coconut fiber mats and carpets to our customers in Nigeria and other African countries.
- To develop a sustainable business, surviving off its own cash flow.
Business Goal for PatiladWonder Coconut fiber mat and carpet production
Our goal is to be the highest supplier of high-quality processed mats and carpets and become a major player in the Agro-processing /Manufacturing sector.
Vision for PatiladWonder
To be a world-class Coconut fiber mat and carpet producer globally producing healthy products.
Mission for PatiladWonder Coconut fiber mat and carpet production
- To ensure that quality Coconut fiber mats and carpets are accessible in both the local and international markets.
- Maintaining a long-term relationship with our customers
- To make our price rate accessible and affordable.
Management Team for our Coconut fiber mat and carpet production Business in Nigeria
Bolatito Akinola: She is a graduate of Ekiti State University, with first-class honours in Agriculture. She has over four years of experience in the agricultural industry, having worked for some leading brands in Nigeria. She is the General Manager of PatiladWonder Coconut fiber mat and carpet production.
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of business, and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Academic skill and practical experience in the Coconut fiber mat and carpet production business.
- Capacity to consistently provide high-quality products all year round.
- Good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Management experience gained for the Coconut fiber mat and carpet production Business Plan in Nigeria
With over ten years of experience in the Agricultural Industry and numerous exposures to both the scientific and practical aspects of owning a Coconut fiber mat and carpet production factory, I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills, among other things necessary to give the industry good commendation from our customers.
My managerial skill has also helped put together a workforce for over 5 years, which will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Competitive Analysis for Coconut fiber mat and carpet production Business Plan in Nigeria
People buy from us because of the following reasons:
- Availability of healthy products
- Durable and beautiful products
- Excellent customer care services.
- Efficient and strong distribution network
- The Natural Look of our Products
- Experienced and qualified staff
Swot Analysis for Coconut fiber mat and carpet production Business in Nigeria
STRENGTHS
- Competent and skilled staff
- Strong distribution network
- Nearness to market
- Impeccable customer feedback model
WEAKNESS
- Lack of sufficient fund
- Not yet a reputable brand as compare to the already existing firms in the industry
OPPORTUNITIES
- Large market to serve locally and internationally
- Growing industry
- The need for eco-friendly and well processed mats and carpets in the society cannot be underestimated
THREATS
- Unfavorable government policy and regulation
- Economic meltdown can reduce the purchasing power of our customers
- Establishment of similar firm in our regions
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Mission Statement:
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- To inspire, empower and champion entrepreneurship in the global online community.
Business Goals and Objective
- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better
Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
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