BUSINESS PLAN EXAMPLES: STARTERS’ ARENA

Business plan examples abound in the internet. This article is not one of those fluffs out there. Instead, it is written in an investor’s questionnaire style. Thus, we shall raise the kind of questions would-be investors often ask and see how we can answer them.

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BUSINESS PLAN EXAMPLES: What is your business name?

VAGMON INTEGRATED SERVICES

BUSINESS PLAN EXAMPLES: Tell us about yourself, personal bio and what led you to become an entrepreneur (200 words)

I am self-starter who would stop at nothing in identifying unsatisfied desires of the people and transforming same to a profit-making venture for me and others who work with me while serving the target people. Among the times I have seized opportunities are: first, when I setup a bookshop in front of a secondary school close to my house. Second, when I ran a telecom call center in the year 2000 in front of my hostel and other locations, at the spread of GSM in Nigeria. Thirdly, when I setup a popcorn production shop near a market square.

This inborn tendency to change the world for myself and others, coupled with my quest to learn more is the motivating force behind my determination to becoming an entrepreneur. Hence, having excellent Information Technology knowledge and the understanding of the opportunities therein, I decided to build my business in this domain. To enhance my skills, I have embarked on travelling, education, training and certifications including the use of different software platforms and systems. One of the gems I have got in recent time is 3 months entrepreneurship training from the African Management Initiative courtesy of the Nigerian Bank of Industry – BOI.

BUSINESS PLAN EXAMPLES: Describe your leadership skills and experiences for running the business (150 words)

My leadership skill is team building. As a senior documentation person, I have engaged a team of 3 for about a year by sharing my vision of the team, allowing all to do the same; practiced open communication by transparently sharing allowed information. Also, I built Trust and Mutual Respect; through being fair, reliable and accountable. Again, I have built Effective Working Procedures; shared work without formal rules. Lastly, I ensure Continuous Learning; doing after action review. The results of this teamwork are: we implemented a new filing and indexing system for files resulting in greater ease of access, implemented a system that eliminated document rejections by clients.

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BUSINESS PLAN EXAMPLES: Tell us something impressive you have personally built or achieved (100 words)

I have set-up a documentation company specialized in provision of special documents to Customs Clearing agents/banks/governmental agencies. My closeness with these organization has helped me use the certificate of a Customs registered clearing agent to clear and deliver cargoes to companies. Furthermore, with this company I have engaged 3 youths in full-time employment.

Additionally, this company is already beginning to yield profits as we have 5 loyal clients we clear cargoes for.

BUSINESS PLAN EXAMPLES: In 50 words or less, describe your business or idea

Integrated IT/ICT platform with component:

1. Blogging
2. Logistics Documentation
3. Provision of Work Station

BUSINESS PLAN EXAMPLES: In more detail, describe your products or services

Logistics Documentation unit;

What we do for importers, shipping/Clearing and forwarding companies are:

• Assist in acceptable pro forma invoice and other invoices generation with the shipper company
• Vetting of existing invoices
• Direct issuance of insurance certificate from our partner insurance companies
• Processing of SON Import Permit and Certificates with SGS, COTECNA and INTERTEK here in Nigerian offices.
• Process NESREA, NAFDAC and NEPC Certificates.
• Form M generation
• PAAR generation
• Direct Trade Input – DTI Café, Data capturing, Manifest monitoring
• Serve as consignee for importers.
• Clearing/forwarding Database creation and management
• Clear cargoes using partner Customs registered agents
• Process shipping documents such as transit manifest, provisional bills, NIMASA documentation, DPR documentation, Temporary Import Permit (TI) etc.

Blogging

We also do blogging and blog content writing for companies, traffic monetization, social media integration (by setting up a fan page with many followers and promoting products to targeted audience, create advertising campaigns and make products go viral on these social networks.), digital marketing.

Moreover, our blog is already running and yielding profit.

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Work-Rent-Station;

This segment allows for rent of work space fitted with all modern appliances such as the internet system, stationery, etc. The target is first time visitors to Port Harcourt who would like a comfortable office space to do their work without distraction or hindrances. Also targets individuals who want to work outside their office. Equally, with this unit too we provide tailor-made training of staff of other companies to live office life.

BUSINESS PLAN EXAMPLES: What is new, interesting or different about your product or service?

Our documentation unit

Offer an integrated services that make us a one stop shop where customers can have the entire documentation/eCommerce services in one place. For instance the clearing agent can generate invoices, generate Form M, issue marine certificates, generate PAAR, do manifest monitoring, and data capture in our office. Therefore, rather than the traditional jumping from one place to another experienced in Onne and Abonnema seaports seeking for documents here and there, the complex serves all.

Work-rent-station

Work-rent-station component of our complex much more than an internet cyber café provides all stationary. Likewise, internet services and all office appliances are available. Besides, it is designed to be tailored to clients’ needs in a chilling air-conditioned ambience.

Our incorporation of lots of eCommerce services which do no not require raw material refill, but are information technology based in one complex is an innovation that keeps us in business all year round.

Further, internet is our only raw material for the weblogs and other businesses

BUSINESS PLAN EXAMPLES: What problem does your product or service solve? (50 words)

Customs clearing agents – mainly computer illiterates jump from place to place often with errors, looking for documents for effective cargo clearance, our documentation addresses all hassles in one office.

Managers, individuals, and corporate bodies will now have a second office, using our work-rent-station

BUSINESS PLAN EXAMPLES: How will you get revenue in your business?

1. Money from documentation; invoices, Form M, and PAAR generation (50k for each Form M issued, and can issue up to 10 per day depending on job flow)
2. Money from documentation; data capturing services
3. Money from documentation; manifest monitoring
4. Commission from insurance companies for marine insurances issued
5. Money from e-wallet and Google payment for traffic on our blogs
6. Cash got from documents arrangements with SON and other regulatory agencies
7. Money from computer businesses

BUSINESS PLAN EXAMPLES: Explain how you intend to (or already do) market your products or services to your target market

• Registration with the Association of Nigeria Licensed Custom Agents – ANLCA is the most important way we reach clients.
• Our weblog has fetched more contacts than we ever imagined. We will exploit it for promotion.
• Social media platforms – Facebook/Twitter/Google+/LinkedIn etc. We set up a fan page with many followers and promote products to targeted audience. We create advertising campaigns and make products go viral on social networks.
• Radio jingles in Port Harcourt

BUSINESS PLAN EXAMPLES: Who are your competitors/benchmark organizations? List your top 3.

1. Port Harcourt Business Documentation Center – does a combination of computer works, located at Stadium Road Elikahia PHC.
2. Blue Ray Trans-Amadi PHC; they do logistics documentation as well.
3. Lagos Online Platforms like balogunmarket.com; help vendors show biz online.

BUSINESS PLAN EXAMPLES: What differentiates you from other existing businesses in your field?

1. Engagement of professionals with the right technology and experience in the industry sets us apart. For example, our General Manager has UK Master’s Degree in Information Technology. Recently worked with logistics companies, as a senior documentation officer, where he perfected his documents handling skills.
2. Expertise use of information technology and software
3. We are perfect in use of social media unlike competitors.

What is your current milestone for business? (50 words)

1. We have launched the documentation component of our complex, and have at least 4 loyal clients, who we generate documents for, and even clear cargoes.
2. Our blog is yielding money already
3. We have received entrepreneurship training from the likes of the Bank of Industry, and have been enlisted for soft loans.

What is your next milestone for this business and how long will it take you to reach it? (50 words)

1. Redesign and full search engines optimization of our weblog to taking over all keywords in the first quarter of 2022.
2. Registration with national and international bodies by the second quarter of next year.

BUSINESS PLAN EXAMPLES: Describe what impact your business will have within your community, country for job creation, revenue generation or social development? (200 words)

Vagmon Integrated Services shall impact on the community and the country through the following goals:

• To be the best services complex in Port Harcourt, able to render eCommerce using best technology, best practices, to the efficiency of our clients, while contributing to the overall development of local economy through prompt payment of tax and local levies.
• Facilitate the work of clearing agents by getting them the right document in real-time.
• Participate in social functions and schemes by the government and the host communities.
• As part of our distribution channels, we shall engage commission based sales contract staff.
• Since the promoter of this business is a youth, this will definitely have a positive impact on the youths, helping them to reduce job-seeking-mentality.
• We hope to export designs peculiar to Port Harcourt region to other parts of the country and the world, thereby helping the state earn through foreign currency.

What are the top 3 challenges you face in operating or launching your business? (50 words)

• Funding; Seed Capital
• Getting the right team; in terms of the people with the right technical knowledge.
• Power supply; must be located in the vicinity with good electric power source.

BUSINESS PLAN EXAMPLES: Explain briefly what you hope to achieve from participating in this scheme (200 words)

1. More training, and funding (more seed capital) to enable me create an enabling environment for my business.
2. Furthermore, the program will afford me with opportunity to make new friends, expose me to high net-worth persons, thereby improving my business salability and network
3. Finally, the program will serve as the starting point of my chance to leave a lasting legacy.

What business skills do you most need to learn about?

1. Firstly, networking
2. Secondly, financial discipline

Read Also: BLOGGING SITES CAN HELP PROMOTE YOUR ENTERPRISE

In Conclusion:

Business Plan Examples are not to be copied word-for-word, but are made for sample reasons. Consequently, I encourage you to tailor to suit what you do or propose to do. Furthermore, I will give more tips about business opportunities in my next article.

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