Business Plan on Wood Working Executive Summary in Nigeria

Nigeria is very rich in natural resources even though she is yet to make efficient use of them. One of the natural resources is wood.

The rainforest geographical zone of Nigeria has much forests which is a source of wood. Woods can be processed into planks for construction and carpentry purposes.

Wood is used in making furniture and for buildings. This article tells you how to start wood processing business in Nigeria.

Mahogany is the strongest and the most durable kind of hardwood. The colour is reddish brown and it is the best wood for furnishing.

One category of softwood is cedarwood. It can repel making it suitable for drawers. Wood processing business is capital intensive and it has much turnover rate and demand.

This sample wood working 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, other competitions, and so on. The wood working business plan in Nigeria is a very viable business option with huge prospects for success, and it will require a lot of strategic planning to start. You will most definitely also need to seek professional assistance from a professional business consultant in Nigeria like Jude Okon to help you properly kick start your business plan

BUSINESS DESCRIPTION OF THE WOOD WORKING BUSINESS PLAN IN NIGERIA

Business: WOODWORKING

industry: MANUFACTURING

NCS Wood Working CO. will be formed as a cabinet company specializing in custom cabinets for the high–end residential, resort and commercial markets. Its founders have extensive experience in the construction and cabinet industry. Over some years of being involved in the construction of some 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 organisation, customer service and quality. NCS will meet those customer needs building a strong market position in the high – end residential, commercial and resort development segments. The company projects revenue to grow substantially between year one and year two. The company owners have provided the capital to cover the start up expenses.

The Benefits of our Products and Services are;

– Availability of top of the line wood working services

– Creation of job employment for a lot of people

– Unique periodic training programs for youths in the host community

– Fair and lowest possible prices

OUR PRODUCTS AND SERVICES

The company will focus on servicing the cabinet niche. The company owners through their exposure to the construction industry have seen a need for the introduction of a cabinet line, with a broad selection of design choices, high – end finished, along with too of the line organisation, customer service and top quality.

KEYS TO SUCCESS

The keys to the success of the wood working business plan in Nigeria are as follows;

– Developing quality products through innovation and creativity

– Maintaining a highly motivated and dedicated team of staff

– Employing highly skilled professionals

– Modern solution and technology

– Fair and best possible prices

OBJECTIVES OF THE WOOD WORKING BUSINESS PLAN IN NIGERIA

The following are the objectives of the wood working business plan in Nigeria:

To be a top cabinet supplier to luxury homes in the regional market
Revenues to more than double year one levels by the end of year two
Aim to have 70% 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 six months in a prominent retail space

GOALS FOR THE WOOD WORKING BUSINESS PLAN IN NIGERIA

WOOD WORKING BUSINESS PLAN IN NIGERIA

The following goals have been set for the wood working business plan in Nigeria;

To build a strong market position in the high – end residential, resort and commercial development segments
To establish our brand all over major cities in Nigeria
To create employment opportunities for people

VISION FOR THE WOOD WORKING BUSINESS PLAN IN NIGERIA

The vision for the wood working business plan in Nigeria is; To be the biggest wood working company in the whole of Africa

MISSION FOR THE WOOD WORKING BUSINESS PLAN IN NIGERIA

Our mission for the wood working 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 WORKING BUSINESS PLAN IN NIGERIA

The management team of the wood working business plan in Nigeria is made up of the following people:

Adeyemi Luke: (B.ENG, MBA, and PMP). He is the founder and owner of the company and has been gainfully exposed to the rudiments of the wood working industry, through having had some twenty years experience in the construction industry. He has also worked for some top wood working companies globally

Jude Okon: ( B.AGRIC, MBA, and PMP). He has over fifteen years of experience in business management, 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 also a strategic partner of the company

We brought to the business;

– Educational skill and practical experience in the wood working industry

– The capacity to consistently deliver outstanding services

– Quality processed products and a good understanding of the market trend

– Our staff brings operational, marketing and promotional skills to the business

WOOD WORKING BUSINESS PLAN IN NIGERIA

MANAGEMENT EXPERIENCE GAINED FOR THE WOOD WORKING BUSINESS PLAN IN NIGERIA

With over twenty years of extensive experience in the wood working industry and also through numerous exposure to both the practical and business aspects of services, I have been able to master the technical requirements, financial management, staff recruitments and organizational skills among other things which are necessary to get us a good commendation and quality referrals from our clients. My managerial skills has also helped me to put up a strong workforce for over two years and also to coordinate the teamwork in most aspects of the company. I am the CEO of the company and I am responsible for overseeing the day to day activities of the company

MATERIALS AND EQUIPMENTS REQUIRED FOR THE WOOD WORKING BUSINESS PLAN IN NIGERIA

The materials and equipments required for the wood working business plan in Nigeria are listed below:

Wood cutting blade, planner machine, thickness planer, wood router, wood processing machine, carpenter pincers, router bits, iron Jack plane,surface planers, carpenter plane, jack plane, wood chippers, plywood machines, electric power generator set and so on

COMPETITOR ANALYSIS FOR THE WOOD WORKING BUSINESS PLAN IN NIGERIA

We receive a lot of patronage due to these reasons;

– Quality assured standards

– We deliver good quality service on time and within budget

– Prompt service delivery

– Excellent customer care services

– Fair and best possible prices

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WOOD WORKING BUSINESS PLAN IN NIGERIA

Our three main competitive advantages are: