WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
Wood Product Manufacturing Business Plan In Nigeria
This sample wood product manufacturing business plan in Nigeria can be used for government, and non – government business grant applications, for bank loan applications, for writing business proposals,to write business concept notes, for business grant competitions, start – up competitions, other competitions, and so on. The wood product manufacturing business plan in Nigeria is a very viable business idea which will require a lot of strategic planning to get it started, you will also need the expertise and skills of a professional business consultant in Nigeria like Dayo Adetiloye to help you in implementing the business plan.
BUSINESS DESCRIPTION OF THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
Business: WOOD PRODUCT MANUFACTURING
PATILAD Wood Product Inc., will be formed as a cabinet company specializing in custom cabinets for the high – end residential, resort and commercial market. Its founders have extensive experience in the manufacturing and wood product sector of industry. PATILAD wood Products Inc., will operate under the umbrella of PATILAD Development Inc., a construction company sharing staff, office and administrative costs. However, for the purpose of business planning, we are treating PATILAD Wood Products Inc., as a separate company.
Over some years of being involved with the construction of luxury homes, the company owners have seen a need for a cabinet line with a broad selection of design choices, high – end finishes, along with top of the line organization, customer service and quality. PATILAD Wood Products Inc., will meet those customer needs. Building a strong market position in the high – end residential, resort and commercial development segments, the company projects revenues to grow substantially between year one and year three. By maintaining an average gross margin of over 25%, the company estimates handsome net profits by fiscal year three.
The company owners have provided the capital to cover the start – up expenses. The company currently seeks a 3- year commercial loan to cover the operating expenses.
The benefits of our products and services;
– The availability of high quality wood products
– Employment opportunities for a lot of people
– Creation of top of the line cabinets
– Unique periodic training for youths
– Fair and best possible prices.
PRODUCTS AND SERVICES FOR WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
– Production and sales of wood products
– Manufacturing of top notch cabinets with a lot of design choices
– Sales of designer furniture and top notch wood products
– Installation and construction of wood finishes for residential and commercial buildings.
KEYS TO SUCCESS WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
The keys to the success of the wood product manufacturing business plan in Nigeria are the following:
– High quality wood products
– Building trust with our clients/customers
– Having a good retail position in high – shopping or residential areas
– Modern solution and technology
– Professional and skilled staff
– Excellent customer services
– Fair and competitive prices
OBJECTIVES OF THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
The objectives of the wood product manufacturing business plan in Nigeria are the following:
– To be a top quality supplier of wood products to luxury homes in the regional market.
– Revenues to more than double first year levels by the end of year two.
– Aim to have 75% of sales in high – end residential customer segment.
– 20% of sales in mid – range residential customer segment
– 10% of sales in commercial development segment
– To have a showroom within three months in a prominent retail space.
GOALS OF THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
The goals for the wood product manufacturing business plan in Nigeria are aw follows;
– To establish our brand in the heart of major cities in Nigeria
– To become one of the first three wood product companies in Africa.
VISION FOR THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
Our vision for the wood product manufacturing business plan in Nigeria is; To become a leading wood product manufacturing company in the world.
MISSION FOR THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
Our mission for the wood product manufacturing business plan in Nigeria is; To deliver a high quality product, on time and within budget, while also providing a fast error free ordering system.
MANAGEMENT TEAM OF THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
The management team of the wood product manufacturing business plan in Nigeria is made up of a group of the following people;
Femi Adegbite – He is the founder and owner of PATILAD Wood Products Inc., and has over thirty years experience in the wood product manufacturing sector of industry. He has worked and served a major wood and furniture company in Nigeria for the past twenty years, and is well exposed to the rudiments of the industry.
Dayo Adetiloye – ( B.AGRIC, MBA, and PMP). He has over fifteen 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 of the company.
We brought to this business;
– Educational skill and practical experience in the wood product manufacturing sector of industry
– The capacity to consistently provide outstanding service.
– Quality processed wood products and a sound understanding of the market trends
– Our staff brings operational, marketing, promotional and technical skills to the business.
MANAGEMENT EXPERIENCE GAINED FOR THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
Through my thirty years’ experience in the industry and having a wide exposure to the rudiments of wood product manufacturing, I have been able to master the technical requirements, financial management, staff recruitment and organizational skills, among other things which are necessary to fetch us a good commendation from our clients. My managerial skill has also helped me in putting together a workforce for over four years, and also in coordinating the team work in most aspects of the company. I am the CEO of the company, overseeing the day to day activities of the company.
MATERIALS AND EQUIPMENTS REQUIRED FOR THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
The following materials are required for the wood product manufacturing business plan in Nigeria;
Industrial cutters, electric power supply, electric saws, office space, etc.
COMPETITOR ANALYSIS OF THE WOOD PRODUCT MANUFACTURING BUSINESS PLAN IN NIGERIA
We receive a lot of patronage due to the following reasons;
– Availability of top notch cabinets and other wood products
– Quality assured standards
– Prompt delivery
– Fair and best possible prices with discount offers
Our three main competitive advantages are:
1. Availability of high quality cabinets and other wood products
2. Quality assured standards
3. Fair and best possible prices with discount offers.
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