Nail Production Business Plan in Nigeria
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.
Business Description of Nail Production Business Plan in Nigeria
Business: Nail Production
Industry: Manufacturing (Nail Production Business plan in Nigeria)
Patilad Nail Production is an existing company involved in the production and sales of several kinds of nails. Our head office is at Ipaja, Lagos state, and we have branches in Abeokuta, Ibadan, Akure, Port Harcourt, and planning to launch in other states across Nigeria.
Nails are intermediate products that constitute an essential component in the construction industry and some manufacturing concerns. Nails are crucial 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 an urgent need to set up more nail factories.
Nail-making machine is the most important equipment used in the nail production plant, Uniwin Machinery from China is the professional nail making machine manufacturer with 30 years experience and can offer the 1-6 inch automatic nail making machines.
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 is on the increase daily. As a result of inadequate importation of nails, the local industry is growing more extensive in the production of nails; hence, various types of nails are in the market, which are of low quality. Nail is an essential 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.
Unique Selling Point:
Our position is that of a superior-quality, unique and reliable company that is committed to customer satisfaction. We have identified three key of success that will be instrumental to our business; the first is that we provide a market needed services which comes with reasonable price, packaging, and Nail Production services, the second is that as services will be as convenient as possible, the third is the use of strict financial control. We offer the most convenient, inexpensive, Nail Production service.
PATILAD LTD also provides consultancy services and bespoke products based on our clients’ demands. What sets us apart from our competitors is the respect and professionalism we maintain by offering durable and reliable products that can stand the test of time.
Target Market:
Our target markets are construction companies, building materials dealers, machines and electronics manufacturing companies, carpenters, furniture companies, and roofing construction companies.
The benefits of our products and services are
- Availability of several varieties of nails to meet the need of our customers.
- Unique and durable nails
- Exceptional customer care services.
- Fair and lowest possible prices.
Our products and services
PATILAD LTD sells various kinds of nails and other related products such as screws, bolts, etc. Below are our product offerings;
Keys to Success:
The keys to success for the Nail Production business include:
- Skilled and Professionals in the Field:
- Having skilled and experienced professionals in our nail production business ensures that we maintain high standards of quality and efficiency. Our team’s expertise allows us to innovate, troubleshoot, and adapt to market demands effectively.
- Improved Efficiency and Affordable Cost:
- By continually enhancing our production processes and optimizing resource utilization, we strive to improve efficiency while keeping costs affordable. This focus on efficiency enables us to deliver products promptly and competitively priced, enhancing customer satisfaction and loyalty.
- Low Cost of Operation:
- We prioritize cost-effective operational practices to minimize overheads and maximize profitability. Through careful budgeting, resource management, and strategic decision-making, we maintain a lean operation without compromising on product quality or service excellence.
- Unique and Quality Nails:
- Our commitment to offering unique and high-quality nails sets us apart in the market. We invest in research and development to innovate new nail designs and materials, ensuring that our products meet or exceed industry standards for performance, durability, and aesthetics.
- Competitive Pricing:
- We adopt a competitive pricing strategy that balances affordability with value. By monitoring market trends, analyzing competitor pricing, and leveraging economies of scale, we position our nails competitively without sacrificing profitability. This approach allows us to attract a broad customer base and maintain a strong market presence.
Objective for Nail Production Business Plan in Nigeria
- To have consistent growth in sales.
- To increase the number of production by 10% in the second year
- To generate customer satisfaction so that at least 60% of our customer base is repeat business.
- To develop a profitable/sustainable home-based company.
Goal for the Nail Production Business Plan in Nigeria
To be Nigeria’s foremost company that specializes in the production and sales of varieties of nails.
Vision for the Nail Production Business Plan in Nigeria
Our vision is to become the leading brand in our present location and across Nigeria in the nail manufacturing industry.
Mission for the Nail Production Business Plan in Nigeria
Our mission is to establish a standard nail production company whose products will not be retailed in Nigeria but also be exported to other countries of the world.
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Nail Production Business Plan in Nigeria
Management Team of the Nail ProductionBusiness Plan in Nigeria
Ismaila Olajuwon is highly knowledgeable in the Retailing Industry, having had five years’ experience. He is a resourceful young man with practical experience in construction management, infrastructure, cost estimation, and management. He has worked in consulting and contracting organizations and has successfully managed various technically challenging government, corporate set up, and private clients.
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.
Bamidele Ayoola: She is a successful marketer, having worked for top marketing brands in Nigeria. She has an MSc in Marketing from the University of Lagos. She is in charge of our sales and marketing department.
We brought to the business:
- Academic skill
- Practical experience in the Nail Production business.
- Capacity to consistently provide outstanding service.
- Quality processed product and a good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Management experience gained for the Nail Production Business Plan in Nigeria
With over Nine years of experience in the Manufacturing and Retailing Industry and numerous exposure to both the scientific and practical aspect of services, 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 clients.
My managerial skill has also helped put together a workforce for over five 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.
Materials and Machine for Nail Production Business Plan in Nigeria
Store facility, generator set, steel, copper, brass, bronze, stainless steel, nickel, silver, monel, zinc, iron, wood, aggregates, electrical materials, wire drawing machine, wire pointing machine, butt welding machine, grinding machine for nail cutter, etc.
Competitor Analysis for Nail Production Business Plan in Nigeria
People buy from us because of the following reasons:
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