Soap Making Business Plan In Nigeria

Soap Making Business plan in Nigeria – Do you want to write a business plan on soap making or a soap making project proposal which you could use to source for business funding, you are in the right place, with this executive summary for soap making business plan in Nigeria, you will have a idea of what you will need in a business plan.

How is Soap production a lucrative business, this is the question I heard someone ask, the truth is any business can either be successful or be a failure, it all depends on the methodology applied in the running of the business. This soap making business plan will show you how soap making business can be run with profit in view.

The thing is that a business can as successful if much effort, concentration and patience is added to the business hustle. Here you have feasibility reports as well as recommendations that best fits the proposal for your Soap Making Venture.

How To Write Business Plan For Other Soap Making Ventures

In writing a business plan, there are things you have to consider, these things comes as your factors to consider, however, while writing here are  examples of what it should be;

  • Business plan on soap making
  • Liquid soap making business plan in Nigeria
  • Liquid soap business plan in Nigeria
  • Liquid soap making proposal
  • Business plan for bar soap production

Any business plan written with any of the above caption will definitely attract the needed attention you require.

Financial projection For Soap Production

It is important to have a financial projection for your business proposal, we have decided to mirror down a possible business plan that has a information on how much a proposal will cost, see estimation below;

Cost of proposal project = N5,655,000 (in words = five million, six hundred and fifty five thousand naira only)

Fixed capital = N2,155,000 (in words = two million, one hundred and fifty five naira only)

Working capital = N3,000,000 (in words = three million naira only)

A look at the will inform you that the idea here is to have a relatively big soap making venture, with a vision of being one of the major player in the industry manufacturing products that will enhance  cleanliness as well as reduce the spreading skin diseases in Nigeria.

With the financial projections above, it clearly reveals longevity, high level of liquidity as well as financial stability. With that investment, the projected turnover for year one, year two and year three respectively is = N7, 950,000 N11, 150,000 and N14, 300.000. Operating profit or the first year is = N572, 500, that is increasing to = N3, 304,500 in the second year and 6,069,250 in the third year.

As estimated earlier, the required fund is = N2, 655,000, since the promoters will contribute N3, 000,000 into the project. Another important thing to note is that the project has been examined using the SWOT and Risk analysis, this is aimed at risk mitigation.

Additional Information

The competitive edge here for your business is the ability to exploit already identified weaknesses in your major competition in the market, these competition are the major players in the industry, they are as follows

  • Dettol soap
  • Delta soup
  • Tetmosol
  • Premier
  • Give soap
  • Ivory Soap, etc).

With that short analysis, one can conclude as well as recommend that with the Soap Making Business, the proposed project is technically feasible and that it is financially viable given the economic conditions.

Business Factors To Consider Before Starting

It is important you know those things you should at least know of before going ahead to set up your business, see below;

  • Capital
  • Location of set up
  • Competition
  • Skill acquisition
  • Go for training for more skill
  • Employing capable hands
  • Getting the best working equipment etc…

Table Of Content of the soap making business

What your business plan for soap production in Nigeria looks like;

Title Page

Table of Contents

Section One

  • Executive Summary
  • The Profitability Indicators as Extracted from the Projections
  • Embodied in this Plan
  • Conclusion and Recommendation

Section Two

  • Marketing, Clients and Competitors
  • Nature and Size of the Market
  • Target Clients
  • Key Competitors and Players
  • Production Process Flow Chart
  • Service Delivery
  • Quality Assurance
  • Demand/Supply Analysis
  • Technology
  • Competitive Edge
  • Marketing Needs and Customer Dynamics

Section Three

  • Market Plan for the Soap production business plan
  • Marketing Plan to be adopted
  • Promotion and Distribution Strategy
  • Alliances
  • Market Positioning
  • Service Delivery Strategy
  • SWOT Analysis
  • Projected Sales

Section Four

  • Organization and Management for the Soap making business proposal
  • Organizational Structure
  • Shareholders and Directors
  • Management Team
  • External Support
  • Personal Plan
  • Values and Norms of the Enterprise

Section Five

  • Legal, Regulatory, Social and Environment Press for the soap making Biz plan
  • Legal Issues
  • Regulatory Issues
  • Social Issues
  • Environmental Issues

Section Six

  • Financial Plan for the Soap production feasibility study
  • Project Cost
  • Function Plan
  • Funding Requirements
  • Soap Production Industries (Nigeria) Projected Income Statement
  • Soap Making Nigeria LTD (Nigeria) Projected Cash Flows Statements
  • Soap Manufacturing Business Ventures (Nigeria) Project Balance Sheet
  • Soap Making Ventures (Nigeria) Profitability Analysis
  • Soap Manufacturing Ventures (Nigeria) Break Even Analysis

Section Seven

  • Risk Analysis, Contingency Plan and Exit Strategy
  • 1 Risk Analysis and Mitigants
  • Contingency Plan
  • Exit Strategy

Section Eight

  • Other Considerations: Conclusion/Recommendation
  • 1 Economic Justification
  • 2 Commercial Viability

Conclusion/Recommendation

Appendices

To get the full Feasibility Study On Soap Making (Including The Financial Projections And All), pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name – Okite Joseph ikenna

Account No – 0044083736

Once payment is made, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.

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