Searching for a poultry farming business plan in Nigeria PDF? Poultry farming is one of the most profitable businesses in Nigeria. Yet, while so many people are making huge profits daily, many others complain of losses upon losses. Why? The problem could be that they never had a comprehensive poultry farming business plan in Nigeria.
If you fall into the category of poultry farmers who don’t have access to a comprehensive business plan for poultry, this post is for you. We put this post together to show you what you need to do to attain success in your business.
Currently, the poultry industry in Nigeria is valued at over $600 million which is about N80 billion. The industry is so large and successful with several new farmers taking advantage of the opportunities in the sector.
In terms of market size, the Nigerian poultry industry produces the largest number of eggs in Africa. South Africa is the only country leading Nigeria by the number of poultry birds existing in the country.
Statistics show that annually, Nigeria consumes an average of 1.5 million tons of frozen chicken. Forty-six percent of this is produced locally while the rest was imported.
These statistics reveal one single truth, there is still a lot of room for improvement, and you need a poultry farming business plan PDF to succeed in this business.
This simply means that there is a lot of opportunity in the Nigerian poultry farming sector. However, only those with a good business plan can fully utilize the opportunities and enjoy the benefits.
The huge demand in the sector has led to many young people seeking for funds to invest in the sector. This has driven most of them to visit banks for loans or look for other investors in their businesses. But the question is this, how will you get a loan or attract investment if you do not have a good poultry farming business plan?
You Can Quickly Check out already Developed Poultry Business plan by Clicking Here
Below, is the sample of poultry farming business plans in Nigeria that attracts real investors.
What Should Your Business Plan in Nigeria Contain?
Many poultry farmers, both intending and existing, have asked this question. If you have this same question on your mind, we will provide you the answer in this section of this post.
Usually, your aim of going into the business will determine the content of your business plan. There are 3 main reasons one should go for a business plan. The 3 reasons are:
- As a guide, to run the business.
- To seek a loan from the bank.
- Or to get the attention of an investor.
Despite all of these different aims, a comprehensive poultry farming business plan in Nigeria PDF has very similar contents. So what should your poultry farming business plan contain?
Table of contents
This tells the reader where each item is found in the plan. It is usually the first thing after the cover page.
This is usually the last thing you will write because it summarizes the whole plan. However, it comes before the actual plan in the arrangement.
In this section, you share details about your company. The reader wants to meet your business and know what you are about. Some of the details shared in this section include:
- Mission statement
- Vision statement
- History of the company
- Current status
- Keys to success
Since you are dealing with poultry products, you explain which of the products you are dealing with. The idea is to give an overview of your idea not to explain the idea completely. You are only advised to explain your idea fully when the business plan is for your consumption alone.
Market and Industry analysis
At this point, you provide information about the market for your product. There is a lot to discuss here and how well you discuss it will reveal how much you know about the industry. Some of the items under this section include:
- An introduction to the industry.
- Industry analysis.
- Market analysis.
- Customer analysis.
- Competitor analysis.
- SWOT analysis.
It is one thing to know the market, it is a totally different ball game to be able to penetrate with your products. In this section of your business plan, you explain your plan for introducing your product into the market. Some of the key pieces of information you should add are:
- Target market strategy
- Product/service strategy
- Pricing strategy
- Distribution strategy
- Promotion and advertising strategy
- Sales strategy
- Marketing and sales forecast
- Value proposition
A business will fail if it is not properly run. The operations section explains how you hope to run the business. It will also give insight into how much you are likely to spend in operating the business. These are the details you should add to your operations section:
- Operations strategy
- Scope of operations
- Operating expenses
Of course, you want the business to grow. This section explains how you hope to achieve this desired growth. It contains:
- Development strategy
- Development timeline
- Cost of developing
As one of the greatest writers about leadership said, everything rises and falls on the shoulders of leadership. For your business to succeed, you need capable hands on your management team. In this section, you talk about how the company management will be organized and the different people holding management positions. Details include:
- Company organization
- Management team
- Administrative expenses
This is the aspect most investors look forward to seeing. So you must get it right. It talks about financial projections and forecasts, details include:
- Financial assumptions
- Financial forecasts including projected cash flow, income, expenditure, profit and loss statement, profitability index, and breakeven point.
This shows all the diagrams, graphs, and tables that you couldn’t add to the original plan. You need this section to show:
- Income statement for at least 3 years
- Balance sheets for at least 3 years
- Ratio analysis for at least 3 years
- Cash flow statements for at least 3 years
Can You Develop A Comprehensive Poultry Farming Business Plan For Me?
Yes, we can in two ways.
- We have an already developed poultry farming business plan with 3 years of financial projection to suit your needs. All you need to do is to edit it and fix your business name, contact details, etc. Click Here for instant access at an affordable price of:
- We can make you a tailored poultry farming business plan. In this case, we will work together by sending to you a questionnaire and interacting until we get everything professionally done for you. In fact, this comes with a detailed feasibility study on how to run a successful poultry farming in Nigeria. Click Here to Check out the prices of the different packages we have for you.
Poultry Farming Business Plan in Nigeria -Wrap Up
We believe this post on poultry farming business plan in Nigeria PDF has been of help. If you follow the laid down steps listed above you will definitely write a poultry farming business plan that can attract investors.
But if you need a done for you business plan that will save you time and energy while giving the right guide to the business then pay N10,000 only to:
Account Name: Izicode Nig Limited
Bank Name: GTBank Nig Plc
Account Name: Israel Chima Nnabuike
Account Number: 2002151643
Bank Name: Zenith Bank
Please text or email your name, phone number, payment details and your email address to 07033680227 or firstname.lastname@example.org and your business plan will be sent to you as soon as possible.