How To Write a Business Plan In Nigeria (With Sample)

A business plan is one of the most important requirements banks, individuals and different funding organisations will require of you when applying for a grant or a loan.

If you are searching for how to easily write a proper business plan in Nigeria that you can use to secure a loan or grant from any organisation within the country, you will find exactly how to do that in this post. Keep reading!

What is a business plan?

According to Wikipedia, a business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved.

In writing a business plan that you will use to obtain a loan in Nigeria,

Here is the format to follow:

BUSINESS NAME

Table Of Contents

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

Market Analysis

Sales and Marketing Strategy

Financial Plan

Sales Forecast

Conclusion

SAMPLE OF A BUSINESS PLAN

Below is a sample of a business plan I wrote for Olive Cyber Cafe. You can follow it to write a similar plan for your business. If needs be, copy it and edit the names.

BUSINESS NAME: Olive Cyber Cafe’

Table Of Contents

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

Market Analysis

Sales and Marketing Strategy

Financial Plan

Sales Forecast

Conclusion

Executive Summary

Olive Cyber Café is business that meets the requirements for starting a business anywhere in Nigeria. The business will be concerned with providing computer related services for its clients.

Olive Cyber Café will be owned by J.J Ekeh. He will serve as both the manager and CEO. He has made plans to secure a loan of of N1,000,000 through Creative Industry Financing Initiative by CBN and Bankers’ Committee which is the startup fund.

Our Product and Services

Olive Cyber Café is standard Cyber Café which will be located in Ikeja, Lagos State, Nigeria. We would be interested in providing high quality computer services for clients patronising us in our office. Below are some things that highlights our reasonable preparation:

Purchase of sets of Computers and Laptop.

Purchase of a standby generator for constant powering of our facility.

Plans are already in place to install the best Internet Server.

Our services would include 12hours internet browsing service.

An ever open online registration service for examinations and other important tests.

Typing, printing and lamination of documents.

Graphics and website designing.

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With this in place we know our services will not be altered and our services will be top notch.

Vision Statement

Our vision in the industry is to improve the previous standard set by those ahead of us. We are working to provide browsing services as fast as 10mb/s for our clients. Olive Cyber Cafe is also looking forward to becoming the major computer training centre in Enugu and with time the entire State. And before our fifth anniversary we want Olive Cyber Cafe to become a household name.

Mission Statement

Our mission in the industry is to become a very popular and reputable cyber café that will be offering the best ICT related services for our clients in the city of Enugu, and the whole of the State. We wish to build a stable business that will be beneficial for all.

Business Structure

The business structure of any given business is one of the defining factor of a successful business. This is the reason why we will be paying maximum attention to staffing and our structure. Our recruitment process will be done critically and efficiently. Only those with experience and good recommendation will be considered for recruitment. Below are the positions that will be filled:

Manager (CEO and Owner)

Sales and Marketing Executive

Accountant / Cashier

Cyber Cafe agents

Security Officer

Customer Service Personnel

MARKET ANALYSIS

Market Trend

It’s been observed that successful cyber café in the industry are those that offer fast and reliable internet browsing speed, quality computer training, graphics and website designing alongside other computer related services. This is the only way to stay relevant and always on top of the game.

Target Market

We have identified the following as our target market:

Industries

Schools

Higher institutions

Online business industries

General public

Residential places

Sales and Marketing Strategy

Our business will be promoted primarily by our great customer’s services as well as quality delivery. One thing we know is good sales and marketing strategy is the key to a successful business and as such we are trying to create a good sales and marketing strategy that will help our business. Below are some of the plans in place for the project:

Using introductory letters and fliers we will be introducing our cafe to people in Lagos .

We will also be using the internet to inform the world about our business. Specifically, Ads targeted to people living in Lagos.

We would extensively be using the Television and Radio stations to inform the world about our products.

Newspaper and Magazines would also be use to market our cafe.

We will also locate some important areas in the city and place some billboards there as this will help people to discover us quickly.

Financial Plan

Source of Startup Capital

Investing big and reasonably brings more success. We are informed of this and as such we are going to get a loan of N1,000,000 from the Creative Industry Financing Initiative by CBN and Bankers’ Committee to serve as the startup capital for Olive Cyber Cafe’.

Sales Forecast

Having received correct and valid information from the industry database, below is the sales forecast for our first three years of operation.

First Fiscal Year N500,000

Second Fiscal Year N1,000,000

Third Fiscal Year N1,700,000

Conclusion

This article contains our sample business plan for our proposed Olive Cyber Cafe. The business will be carrying out its operations in Lagos state, Nigeria. It will be owned by J.J Ekeh

Using this sample above, go and write your own business plan.

I hope this helps