TELECOMMUNICATION RESALE BUSINESS PLAN IN NIGERIA
TELECOMMUNICATION RESALE BUSINESS PLAN IN NIGERIA
Telecommunication Resale Business Plan in Nigeria
This sample Telecommunication resale Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. telecommunication resale 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 telecommunication resale Business Plan in Nigeria
Business: TELECOMMUNICATION RESALE
Industry: Telecommunication (telecommunication resale Business plan in Nigeria)
PATILAD Communication Firm based in Lekki, Lagos State is a new thriving telecommunication outfit with the sole aim of providing unrivaled wired and wireless telecommunications services to businesses and households. The Telecommunications Resellers industry, which comprises companies that purchases and resell access and network capacity, experienced solid growth over the five years to 2017. The transition from wired telephony to wireless has led to a decrease in demand for wired services and a transition to wireless communications, mirroring the overall telecommunications sector. In addition, wireless resellers, or mobile virtual network operators (MVNOs), have found themselves competing more on price than service offerings due to the homogenized nature of industry services. Demand is driven by consumer spending, growth in business activity, and new technology. The profitability of individual companies depends on efficient operations and good marketing and customer service. Large companies enjoy economies of scale in purchasing telecommunications services to resell. Smaller companies can compete effectively in niche geographic markets. Telecommunications resellers offer services at lower prices and with more flexible plans than traditional carriers because they obtain bulk access to networks at wholesale rates and set retail prices independently. The Nigerian telecommunication sector is the largest segment of the Information and Communication sector. Nigeria has one of the largest telecom markets in Africa. The Nigerian Telecommunication sector has evolved over the years to an oligopolistic market structure (a small number of firms have the majority of market share). The sector includes a strong multinational presence.
The sector over the years has contributed immensely to Nigeria’s economy and the lives of Nigerians. The advancement of mobile phone usage from basic phone telephony to new enhanced services and the introduction of new technology within diverse sectors of the country have seen the sector grow massively. The sector has experienced rapid growth and helps in e.g. easier banking services (bank mobile apps) and access to e-learning platforms to Nigerians.
We at PATILAD COM intend to be among those dominating the resale of telecommunications in Nigeria. The market is a very lucrative one as lots of competition is seen amongst major telecoms owners.
Products and services for telecommunication resale Business plan in Nigeria
PATILAD COM proposes to offer variety of services within the scope of the Telecommunication industry in Nigeria. Our intention of starting our telecommunication resale is to work with both smaller organizations including start-ups and also well-established Telecommunication Company owned by both international and indigenous owners.
We are well prepared to make profits from the industry and we will do all that is permitted by the law in Nigeria to achieve our business goals, aim and ambition. Our business offerings are listed below;
• To offer high-quality services and a wonderful experience at reasonable prices.
• To create a telecommunication resale whose primary goal is to exceed customer’s expectations.
• To achieve net profit of $60,000 in three years.
• To develop a client list that includes at least 20 companies, each with revenue of over $3 million.
Keys to Success for telecommunication resale Business plan in Nigeria
· The keys to success for the Telecommunication resale include:
· Aggressive marketing/franchising
· Symbiotic relationship with another industry
· Access to niche markets. Marketing must generate sufficient sales volume to drive an aggressive pricing model while still achieving planned profitability projections.
· Equity capital must be secured at a reasonable valuation.
TELECOMMUNICATION RESALE BUSINESS PLAN IN NIGERIA
Objective for Telecommunication resale Business Plan in Nigeria
· To become the market leader in personal communications and unified messaging products and services within five years.
· To become the lowest cost provider and drive an aggressive pricing model through the industry.
· To have the best and most responsive customer service by year-end Year 1.
Goal for the Telecommunication Resale Business Plan in Nigeria
To become one of the leading brands in the telecommunication resale industry in the whole of Lagos, and also to be amongst the top 10 telecommunication resale in Nigeria within the first 5 years of operation.
Vision for the Telecommunication Resale Business Plan in Nigeria
To provide our clients with unrivaled wired and wireless telecommunications services to businesses and households. We strive to handle each matter with accountability and responsiveness, as if we were representing ourselves. We focus our attention on the legal aspects of our client’s business so that our clients can focus their attention on the success of their business.
Mission for the Telecommunication resale Business Plan in Nigeria
Our mission is to provide professional and trusted wired and wireless telecommunications services to businesses and households that assist businesses and non-profit organizations in operating sustainably. We provide expert legal counsel in combination with our own business backgrounds, and deliver valuable services in a timely and cost-effective way.
Management Team of the Telecommunication resale Business Plan in Nigeria
GOWON LEKAN –He has extensive experience in a diverse range of transactional matters, and his legal practice is concentrated in the areas of commercial real estate, commercial finance, construction and general business contracts. He has a degree in law from University of Lagos, Akoka, Lagos and Lagos Business School.
Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ 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:
– Educational skill and practical experience in Telecommunication resale business.
– Capacity to consistently provide outstanding service.
– Quality processed product and good understanding of the market trend.
– Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Telecommunication resale Business Plan in Nigeria
With over 10 years’ experience in telecommunication resale industry and numerous exposure to both the scientific and practical aspect of law services, I’ve being 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 in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for Telecommunication resale Business Plan in Nigeria
Office Space, copiers, fax, file, cabinets, craigslist, tax software, business cards, letterhead, Furniture, envelopes, telephones, etc.
Competitor Analysis for Telecommunication resale Business Plan in Nigeria
People buy from us because of the following reasons:
– Consistent quality service.
– Outstanding customer care service.
– Core Professional and highly qualified staffs.
– Fair and best possible prices and discount offers.
Our three major competitive advantages are:
1. Consistent quality service.
2. Core professional and highly qualified staffs.
3. Fair and best possible prices and discount offers
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(B.Agric, MBA)
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Serial Entrepreneur - International Business Planning Consultant - Speaker - Trainer - Author - Blogger - Network Marketing professional.
- 2018 SME Business Trainer and Coaching Advisor at GIZ for SME Loop.
- 2018 YALI RLC Online Cohort 9
- 2017 Fellow, Inspire Africa Train-the-Trainer Entrepreneurship programme sponsored by US Consulate Lagos and the Dickey Center, U.S.A.
- 2016 Fellow, Tony Elumelu Foundation Entrepreneurship Programme
- 2015 Top 50 Innovative Entrepreneurs, BET5 by Diamond Bank and EDC, PAU.
He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.
- He is a Certified Trainer in Design Thinking by the U.S Consulate, Lagos and the inspire Africa Entrepreneurship Institute.
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