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INSTANT POUNDED YAM FLOUR BUSINESS PLAN IN NIGERIA 

  • Dayo Adetiloye Business Hub
INSTANT POUNDED YAM FLOUR BUSINESS PLAN IN NIGERIA
INSTANT POUNDED YAM FLOUR BUSINESS PLAN IN NIGERIA

INSTANT POUNDED YAM FLOUR BUSINESS PLAN IN NIGERIA

This sample Instant Pounded Yam Flour Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Instant Pounded Yam Flour 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.

Business Description of Instant Pounded Yam Flour Business Plan in Nigeria

Business: INSTANT POUNDED YAM FLOUR

Industry: FOOD AND BEVERAGES (Instant Pounded Yam Flour Business plan in Nigeria)

PATILAD Yam Flour Production Company, Inc. is a registered business that will process and produce yam flour in Benue state.

We chose Benue state for her massive production of Yams, cassava, and other agricultural commodities. The urban center of the state has been the site of extensive recent infrastructure investments.

We at PATILAND Yam Flour Production Company, Inc. will experience increased traffic as the city continues to grow at a rapid pace. In the second year in business, we are actively aiming for a 50 percent growth in sales due to our solid supply routes.

Market Analysis

The Nigerian food industry is one of the best-performing industries in the country despite the economic downturn and huge decline in consumer spending power over the years. The industry has grown so well, and consumers are still making the switch from unpackaged and unbranded products to packaged products as they become more aware.

West Africa accounts for 90-95% of world yam production with Nigeria the largest single producer. These factors, along with the country’s geometrically expanding population and ongoing rural-urban migration, continue to increase demand for food products that are well packaged, particularly for poundo yam, a staple item.

Instant pounded yam flour is in high demand in both the domestic and global markets. A sizable portion of the global market is found in Europe and America, where many Nigerians live.

Nigeria has a vast market of consumers that is only set to grow in the next few decades. The food and beverage industry is essential for the Nigerian economy in both financial contributions and employment terms. In fact, food and beverage processing is Nigeria’s largest manufacturing industry.

Our target audience includes households, wholesalers, retailers, working-class individuals, the elderly, students, hospitals, business people, men, and women, event planners, and caterers.

 

Justifications For Entry Into The Business

  • Nigeria, which is the world’s largest yam grower makes the major resources needed for production available.
  • High Nigerian Urban development which is growing at 8% annually is also a contributing factor to the demand for Yam flour.
  • Sustainable and readily available local technology

 

The Benefits of Our Products and Services are;

  • Prevention of wastage
  • Provision of quality products
  • Excellent customer care services.
  • Lowest possible prices.
  • Bringing simplicity to the cooking process

Our Products and Services

Our products are as follows;

  • YAM FLOUR: This will be enriched with vitamins (such as A, B, B2, and B3) or minerals (such as iron) and be free of mold (fungi). Products made from dried yams have a shelf life of around a year.
  • FROZEN YAM CHIPS: This is a product made from yam tubers that have been frozen to keep them safe before being used or prepared. When prepared, frozen yam chips are also known as French fries.

Keys to Success

The keys to success for the Instant Pounded Yam Flour business include:

  1. Good retail location in a residential/business area.
  2. Hygienic and neat environment
  3. Online presence
  4. Maintain low operating costs
  5. On-time delivery
  6. production of quality products
  7. Excellent customer service
  8. Competitive pricing.

Business Objectives for Instant Pounded Yam Flour in Nigeria

  • To make available Instant Pounded Yam Flour to all at affordable rates
  • To increase sales by at least 75% in the second year
  • to ensure customer satisfaction so that at least 60% of our customer base are return customers

 

Vision For the Instant Pounded Yam Flour Business in Nigeria

  • To be among the first three Instant Pounded Yam Flour company in the next 5 years.
  • To produce high-quality, locally produced Instant Pounded Yam Flour that is produced in a clean and sustainable environment and also affordable to end users

Mission for the Instant Pounded Yam Flour Business in Nigeria

  • To make our Instant Pounded Yam accessible in both the local and domestic markets.
  • To make our price rate accessible and affordable.

 

Management Team of the Instant Pounded Yam Flour Business in Nigeria

Pelumi Agunbiade: She has over nine years of experience in the Food industry, having worked for some leading brands in Nigeria. She has a B.Sc. in Business Administration from the University of Lagos (UNILAG). She is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS).

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 the 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.

Lilian Mfon- Lilian is the head of our marketing team, most of our marketing strategies are online-based and she is the best personnel for the job she has a well-established digital marketer with proficiency in content management social media marketing, search engine optimization, and marketing.

We brought to the business:

  • Academic skill and practical experience in the Instant Pounded Yam Flour business.
  • Capacity to consistently provide high-quality goods and products all year round.
  • Good understanding of the market trend.
  • Our staff brings operational, marketing, and promotional skills to the business.

 

SWOT Analysis

We were able to evaluate our strength, our weakness, opportunities, and threats to which we might be susceptible in the market. This is to prepare us for the competition that lies ahead and the best way to approach it. Below is a summary of the findings from our SWOT Analysis:

STRENGTHS

  • Availability and easy accessibility to raw-materials
  • Good knowledge of target customer and their needs
  • Access to cheap labor
  • Well-organized business structure

WEAKNESS

  • The business is new to the market place and as such, the brand is not well known yet
  • As a start-up and the future is always uncertain for most start-up companies
  • Lack of adequate capital for the business requires an enormous amount of investment

OPPORTUNITIES

  • Huge demand for African food by the large population of Nigerians living abroad
  • The yam processing food production industry is still untapped
  • The continued growth in the middle-class population within Nigeria

THREATS

  • This being a new entity there is a threat from new business entrants
  • Government policies and regulations.
  • There is a threat of other more established companies starting this line of business thus leading to the stiff competition that the company might not be able to

READ ALSO: YAM BUSINESS PLAN IN NIGERIA

 

Equipment needed to start Instant Pounded Yam Flour

1. Yam Washing and Peeling:

  • Yam Washing Machine: Equipment for cleaning and washing the yam tubers to remove dirt and debris.
  • Yam Peeling Machine: Machinery for peeling the washed yam tubers to remove the outer skin efficiently.

2. Yam Dicing or Cutting:

  • Yam Dicing Machine: Equipment for cutting the peeled yam tubers into smaller pieces or cubes to facilitate drying and milling.

3. Drying:

  • Yam Drying Oven or Dehydrator: Industrial-scale drying equipment for drying the diced yam pieces to reduce moisture content. Continuous belt dryers or tray dryers are commonly used.

4. Milling:

  • Yam Milling Machine: Machinery for milling the dried yam pieces into fine flour. Hammer mills or pin mills are commonly used for this purpose.

5. Sieving and Grinding:

  • Sieve or Vibrating Screen: Equipment for sieving the milled yam flour to achieve a uniform particle size and remove any coarse particles.
  • Grinding Machine (Optional): Equipment for further grinding the yam flour to achieve a finer texture if necessary.

6. Packaging:

  • Packaging Machine: Equipment for packaging the pounded yam flour into bags or containers.
  • Bagging Machine: Machinery for filling and sealing bags with the desired quantity of flour.

7. Labeling:

  • Labels: Labels with product information, including pounded yam flour type, weight, production date, and expiry date.

8. Quality Control:

  • Quality Testing Equipment: Tools for checking the quality of the pounded yam flour, including texture, color, moisture content, and microbial load.
  • Laboratory Equipment: Analytical instruments for testing flour quality and safety, such as moisture meters and microbiological testing kits.

9. Utilities:

  • Electricity: Power supply for operating processing equipment.
  • Water Supply: For cleaning equipment and processing areas.

10. Safety and Hygiene:

  • Personal Protective Equipment (PPE): Gloves, hairnets, aprons, and masks for workers.
  • Sanitation Supplies: Cleaning agents, sanitizers, and disinfectants for maintaining cleanliness and hygiene in the production area.

11. Transportation:

  • Delivery Vehicles: Trucks or vans for transporting raw materials, finished products, and packaging materials to distribution centers or customers.

 

Competitor Analysis for Instant Pounded Yam Flour Business Plan in Nigeria

The market is open and not exclusively driven by any firm as most firms compete with price differentiation and top-of-the-mind brand awareness. Some of our major competitors however include;

AYOOLA POUNDED YAM FLOUR

Plot 7-9, Ayoola Street, Gemade Estate, Ipaja, Lagos

GOODLIFE AFRICAN FOODS

Moshalashi Street Off Anjorin Street, Okeagbo Ajangbadi, Lagos Nigeria

YUSOL INTERNATIONAL FOODS | United States

Ola Ola® brand of Instant Yam Flour is well-known worldwide by Africans in the diaspora

 

Our three significant competitive advantages are:

  • We have been able to create a good supply channel
  • Excellent customer care services that allow for feedback and ensure that at least 80% of the customer complaints are resolved within 3 working days.
  • Our affordable prices and discount offers.

 

To buy the remaining part of this business plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015, 08076359735, and 08113205312. You can send a WhatsApp message or email us either at dayohub@gmail.com or info@dayoadetiloye.com.

 

We help institutions and organizations write concepts, implement Business plans, and train on business Plan writing in Nigeria.

We can help you write a detailed, bankable and comprehensive business plan for your business idea.

Call any of our business plan consultants on 08105636015, 08076359735 and 08113205312

Or send a WhatsApp message or email us either at dayohub@gmail.com or info@dayoadetiloye.com.

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Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– 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

Share this:

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!

Dayo Adetiloye Logo

Author

Dayo Adetiloye Logo

Lets connect

Facebook Twitter Youtube

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– 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

Share this:

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