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| | #1 (permalink) |
| Villager Join Date: May 2007 Location: United Kingdom
Gender: Male
Posts: 2,217
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Does anyone know the sort of manufacturing businesses that will move in Nigeria? I am not looking for get-rich-quick ideas. Irrespective of the gestation period, I am talking about ideas that can stand tough competition and have export potential as well. It will help if you publish the business plan with fairly accurate costing information. Can you also indicate your (or your nominee) availability to support the project for at least the first three years. |
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| | #2 (permalink) | |
| Villager Join Date: Aug 2007 Location: -------
Gender: Male
Posts: 4,472
| Quote:
__________________
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| The following 2 users thank denker for this post: |
| | #3 (permalink) | |
| Villager Join Date: May 2007 Location: United Kingdom
Gender: Male
Posts: 2,217
| Quote:
Thanks for highlighting that vaque aspect. What I mean is full-time technical support from project implementation through to when the products gain market acceptance. All Financial requirements will be for me to worry about. | |
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| | #4 (permalink) | |
| Villager Join Date: Aug 2006 Location: No constant location
Gender: Male
Posts: 2,814
| Quote:
__________________ Injustice anywhere is injustice everywhere God hear the cry of the oppressed | |
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| | #5 (permalink) |
| Villager Join Date: Mar 2008 Location: Anambra
Gender: Male
Posts: 245
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Enforcer, There are key questions you need to answer first... 1.) which areas are you looking to invest & what is your target market (both local & export)? 2.) how much are you looking to invest? 3.) how soon do you want the returns 4.) what do you have in mind? I can help you with business proposals but I can't commit myself. The reason being that I have an IT business and am expanding to pharmaceutical & food production at the moment. Goodluck, I pray that God will guide you......
__________________ "They always say time changes things, but you actually have to change them yourself "! "Change your thoughts and you change your world"! "Turbulence is life force. It is opportunity. Let's love turbulence and use it for change" ! |
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| | #6 (permalink) | |
| Villager Join Date: May 2007 Location: United Kingdom
Gender: Male
Posts: 2,217
| Quote:
These are my answers and I hope you will find them useful guides: 1. Any manufacturing business idea that is 100% reliant on local raw materials. The market will be mainly West Africa. Preference will be accorded to agro-based industries. 2. The sum to invest has no minimum or maximum. But the risk potential (the sector and the market competition) will determine the start-up capital that I can commit. 3. I expect a payback period of the original investment (discounted at the prevailing minimum lending rate) of no more than 5 years. 4. I keep an open mind. If you aren't willing to commit your time or have a nominee to do same then it is unlikely you can help me. | |
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| | #7 (permalink) | |
| Villager Join Date: Mar 2008 Location: Anambra
Gender: Male
Posts: 245
| Quote:
5 years is too much for a payback period, every business should be self -sustaining/pay back by 3 months ( that is my standard) of operation. I can give you some ideas/plans but I can't publish it (because others will join the bandwagon thus increasing your competition) but send me a private message. But you have to relocate to Nigeria ( people are greedy nowadays) to enhance efficiency & productivity i.e. minimise loss.
__________________ "They always say time changes things, but you actually have to change them yourself "! "Change your thoughts and you change your world"! "Turbulence is life force. It is opportunity. Let's love turbulence and use it for change" ! | |
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| | #8 (permalink) | |
| Villager Join Date: May 2007 Location: United Kingdom
Gender: Male
Posts: 2,217
| Quote:
3 months payback period as your standard? Whoever believes that must be off his trolley. | |
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| | #9 (permalink) | |
| Villager Join Date: Mar 2008 Location: Anambra
Gender: Male
Posts: 245
| Quote:
So you need more than 3 months to produce and supply your first batch into the market? What will you be doing in that 3 months? When will you start supplying the products? You product should be in the market by end of month 1 and higher orders by month 3 to pay the staff & raw materials. You should start making sound profit by month 12. You need to have your own principle of operation for maximum efficiency & productivity. Nigeria is a tough market so you need a high standard to make it. I may be off the trolley but it works for me. Goodluck
__________________ "They always say time changes things, but you actually have to change them yourself "! "Change your thoughts and you change your world"! "Turbulence is life force. It is opportunity. Let's love turbulence and use it for change" ! | |
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| | #10 (permalink) | |
| Villager Join Date: May 2007 Location: United Kingdom
Gender: Male
Posts: 2,217
| Quote:
Listen, my bros, the problem here is one of definition. The term "payback period" refers to the time it takes to recover your initial investment. You could choose to appraise the net cashflow using either monetary value or real value. I assumed you understood the meaning of the term hence the reason why I replied as I did. Don't ask me why I assumed that. I should've known better! | |
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| The following user thanks Enforcer for this post: |
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