Guide on How to write Business Plan for BOI NYSC Entrepreneur Fund/Fashion Design. BOI partners NYSC on youth entrepreneurship, Graduate Entrepreneurship Fund, Bank of Industry, Nigeria. One of the requirements for this loan is a bankable business plan. Use this as a guide to write your own Fashion Design Business plan. Start with a title page which tells what you want to do and then a content page.
Guide on How to write Business Plan for BOI NYSC Entrepreneurship Fund/Fashion Design.
Table of Contents
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Then Prepare the Executive Summary:
The executive summary is the summary of all the aspect of the business plan. Therefore, it contains the summary of the following:
- Business Concept: explain here the scope of your business. What is attracting you in this business.
- Business Goals and Vision – What you want to do and how
- Product Description and Differentiation.
- Target Market – Who do you sell to, mention some of them.
- Marketing Plan – How you plan to reach your customers
- Current Financial State -What you currently make in revenue – maybe abridged financial statement for some years past
- Projected Financial State: Highlight of what you foresee making in revenue
- How much money you’re asking for – the purpose of the business plan.
- The Team – Who you are.
Guide on How to write Business Plan for BOI NYSC Entrepreneurship Fund/Fashion Design.
Company Profile:
- Company over view – Detailed business history. As a corper, state whether you have an existing business or that you want to start one, and the type. An enterprise of a limited liability company. You must consider the requirement of the grant.
- Business Descriptions – details of what the company does or would do.
- Key Employees and their profile – add a chart here for explanatory purpose. As grant, you must let us know how much job you can create in the short run and in the long run.
- Product and Services – list out your products and services here. Explain how they are produced. Add pictures if you have. As a beginner, express your dream of these products, and explain how innovative you will be at it.
- SWOT Analysis – Explain your business strength, weakness, opportunities, and threats. And how you intend managing them.
- Top Competitors – The market. How large is it? How much of the market share can you get? Remember that, BOI funds are refundable. So you must explain how you would penetrate the market and make sales.
- Marketing – detailed marketing strategies will be given here.
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Guide on How to write Business Plan for BOI NYSC Entrepreneurship Fund/Fashion Design.
FEASIBILITY ANALYSIS:
- CAPEX – you must now list our how much capital expenditure you require, for which you need this loan.
- OPEX: list out and compute all your operating expenses, including the depreciation of the fixed assets.
- Break –even analysis – with the above derive your break-even point, defining the quantity and value of turnover at that point.
- The Projected Profit or loss account – this is necessary to show if you will be making profit or not.
- The projected Balance sheet showing the net-worth of the business at a time.
TIME LINES:
- Time to register your business
- Time to open a bank account
- And, the Time to procure the fixed assets, equipment
- Time to launch the product in the market
- And others.
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Conclusions:
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On the Guide on How to write Business Plan for BOI NYSC Entrepreneurship Fund/Fashion Design. Do you desire articles on Business Tips, Business plan and feasibility study, C.A.C. Incorporation, Accounting and Auditing, Tax Management, Mining, travels and tours, feasibility analysis, real estate management, then visit here.
Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
