Furniture Making Business Plan Updated – This is an action plan for a furniture-making business. A furniture manufacturing business plan in pdf or MS Word is available. We offer you a comprehensive wooden or pallet furniture business plan in Nigeria. This is another comprehensive and inclusive furniture-making business plan as we had in the Sale of Furniture Business Plan Updated.
Furthermore, this article is suitable for Grant Applications, Bank Loans, and Proposal writing. And for those who are interested in writing a Business Concept Note, or in Competitions, especially for academic purposes, personal start-up plans, etc., this is adaptable for all purposes. Furniture Making Business Plan Updated covers a lucrative business that requires a lot of planning for a startup. So, read on, this is how.
Completefmc.com Business Tips:
Table of Contents
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Furniture Making Business Plan Updated
The furniture & woodwork Products:
Complete Furniture & Woodwork Ltd create, design, and manufactures furniture that is comfortable and well-matched for 21st-century active lifestyles for homes and offices.
Therefore, we manufacture home furniture, office furniture, hotel furniture, etc. Because
Wooden furniture forms the major portion of sales in Nigeria, Complete Furniture & Woodwork Ltd. gets involved to provide quality products and services. Yes’; we have noticed a rapid increase in the development of new housing schemes leading to the increased demand for wooden furniture.
So, we create and design chairs, tables, book cabinets, wardrobes, and kitchen furniture for newly developed houses. In like manner, we make office furniture, Home Sofas, Bedroom Series, Dining Furniture, and Marble Coffee tables. They are Glass Coffee Tables, Tv stands, Catering Cabinets, and Bar. We also render technical services, after-sales services, and transportation services.
In Complete Furniture & Woodwork Ltd are various departments which include an efficient designing team, production, and supply team, and so on. That is why our Showrooms display Furniture ranging from Office, Home, and Hotel furniture many more.
These designs aim at making your living better. That is why our unique Quality and world-class styles include an uncompromising commitment to quality, and flexible designs with shorter lead time to meet your dateline.
Our Objective:
We make it clear that we are in this business because we have a passion for the furniture business
Therefore, our objectives include:
- Revenue growth in the first year – this will help us take care of initial losses.
- Creating a loyalty program for our customers. This will encourage our customers to refer to us.
- Provision of quality products with services for reasonable prices.
Furniture Making Business Plan Updated
The Goals:
Then, our goals, including;
- To be a stop-shop in Nigeria for furniture applications
- Have trained skilled trainees in our furniture training school.
- Provide real-time reliable technical assistance to customers.
Our Vision:
To be an unbeatable number-one furniture maker in Nigeria
Our Mission:
To surpass customers’ expectations. We will achieve this by making available quality, durable, and exceptional products and services.
Furniture Making Business Plan Updated
Management Team:
Mr. Emma Ibe has a master’s degree in the woodwork of business administration (MBA) and has capabilities in design operations. He is our business development strategist. He’ll also be in charge of design creation and production.
Ude Njoku Oma will be in charge of marketing. He has over 10 times of experience in the cabinetwork business.
As for me, I’ve 10 times expansive experience in the management of office cabinetwork; that is woodwork operations. And, I’ve good leadership styles and business chops. Through these experiences, I understand how an ultramodern cabinetwork business should be run.
Therefore, we’ll use our knowledge in upholstery, carpentry, woodwork deals, and management accounting to deliver stylish quality products and services. We are sure that our experience in assiduity brings capability and credibility to the business.
Competition For Furniture Business in Nigeria:
We have researched and analyzed the major leaders in this industry.
- Bedmarks Nigeria’s limited strength is that they have a big showroom. However, they concentrate on rich guests which has enabled them to have a good distribution network within the country.
- Lifetime also has a distribution network.
- Fitigure cabinetwork doesn’t have a localized presence.
Others are Patbrosa, Ninna, and Ouriginalle cabinetwork Ltd.
Furniture Making Business Plan Updated
Sales Segmentation & Marketing strategy for Furniture Making Business Plan Updated
A comprehensive marketing structure is designed for us to sell our products. This is going to be anchored on an aggressive marketing strategy in the following segment.
- Sales/marketing agents,
- Direct/over-the-counter contact sales,
- Partnership with contractors,
- High profile individuals
- High profile offices
- Government offices
- House agents and
- Estate Developers
- Estate Partners.
- And Obedient Partners
Advertising:
In this regard, we shall use various methods to reach out to our customers. These include;
- Word of mouth. This is where our satisfied customers will help speak to would-be customers.
- Online marketing will be carried out through our company website blog, and social media marketing like the Facebook page and Google ads.
- Ads on Furniture Magazine publications
- Design of Souvenirs like hand bands, face caps, shirts, biro, etc
- Direct selling through handbills and fliers.
- Mass media using Newspapers, Radio, and T.Vs,
Furniture Making Business Plan Updated
Financial Plan:
Our financial plan with analysis is auto-generated based on international accounting standards. Therefore, every start-up funding information, CAPEX, and OPEX are captured. That also assists us to prepare an elaborate personnel budget, the direct cost of production, and turnover projections.
The end various tables and graphs depicting the analysis are attached. They are the regular financial statements. These are the Income statement/Profit or loss account, Balance Sheet, and Cash Flow analysis. All autogenerated. We also have in spreadsheets the various assumptions and operational ratios generated. Do you need your copy? Then contact us.
With out utogenerated business plan templates, you get your yearly, monthly and weekly analysis of operations.
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Contacts for Help:
Concluding on Furniture Making Business Plan Updated, do you need professional Consultations for your business incorporation and annual returns? At completefmc Ltd, our consultancy services cover your business development challenges. We start it off with developing lucrative business ideas and planning, business incorporation, and other start-up issues. You just have to leverage the untapped potential of your business right early. So, contact +234 8034347851 today!
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.
