Mark Business Plan

BUSINESS PLAN
FEMMSON POLY VENTURES

Prepared by :OGUNDARE OLUFEMI ISAAC
KW3061
[email protected]
08038381986
Prepared for: KWARAPRENUER 5.0

Personal Details (Biodata)
SURNAME: OTHER NAMES:
OGUNDARE Olufemi Isaac
GENDER: STATE OF RESIDENCE:

Male Kwara
PHONE NUMBER: HOME ADDRESS:

08038381986 Odu Adu Compound, Odoowa, Oke-ero LGA
EMAIL ADDRESS:
[email protected]
Business Information
BUSINESS NAME: BUSINESS ADDRESS:
FEMMSON POLY VENTURES Behinde Abayawo primary school, Abayawo Asa LGA
BUSINESS EMAIL:
[email protected] BUSINESS PHONE NO:
08038381986
BUSINESS REG NO: KW3061 BANK NAME&ACCOUNT: Access bank/0694744233
GENDER: BUSINESS LOCATION:

Male Kwara
BUSINESS ACCOUNT NO: BUSINESS SECTOR: Fishing

AGRICULTURE
BUSINESS SUBSECTOR: BUSINESS STAGE:

Fishing Existing
YEARS OF OPERATIONS: OWNERSHIP TYPE:

15 Sole Proprietorship
VISION STATEMENT: MISSION STATEMENT:
TO OWN THE LARGEST FISH FARM TO STRENGTHEN LIVELIHOODS AND
IN KWARA STATE AND NIGERIA AT LARGE ENHANCE FOOD AND NUTRITION
SECURITY BY IMPROVING FISHERIES AND
AQUACULTURE
VALUE PROPOSITION: BUSINESS DESCRIPTION:

PRODUCTION OF HIGH QUALITY AND FEMMSON POLY VENTURES IS
QUANTITY FISH AND FISH FEEDMILL TO KWARA BASE FISH FARM, WE ARE
SATISFY THE MARKET NEEDS. INVOLVED IN CATFISH FARMING,
PROCESSING AND MARKETING.
OUR FARM PRODUCTS ARE SMOKE FISH,
FRESH CATFISH, WE ARE ALSO INVOLVED
IN PRODUCTION OF FISH FEEDMILL
BUSINESS OBJECTIVES:
TO REDUCE OPERATING COSTS
AND MAXIMIZE THE FARMERS INCOME.
TO DEVELOP A MORE ECONOMIC RATION

FOR FISH FROM WASTES TO USEFUL FISH
PROTEIN PRODUCTION.
TO SOLVE THE WASTE MANAGEMENT PROBLEM.
TO CONTROL THE POLLUTION PROBLEM ASSOCIATED WITH

LIVESTOCK (IN THE FORM OF FLY AND ODOUR)
WHY I NEED MONEY

As an expert in fishing, I need money to expand my business
and create more jobs to assist government in making jobs
available for our teaming unemployed youths.
Equipment List
Description Quantity Unit Price (₦) Total Amount (₦)
PUMPING MACHINE AND ACCESSORIES 1 350,000 350,000
PELLETING EQUIPMENT AND MACHINE 1 5,500,000 5,500,000
INDUSTRIAL SMOKING MACHINE 1 350,000 350,000
GENERATOR 1 300,000 300,000
TOTAL= ₦ 6,500,000 ₦ 6,500,000
Working Capital List

Description Category Quantity Amount (₦) Total Amount (₦)
JUVENILE Raw Material 6000 60 360,000
FISH FEED INGREDIENTS Raw Material 3 1000,000 3000,000
RISK COVERAGE Utility Bill 1 150,000 150,000
PAYMENT OF WORKERS Staff Salary/Wages 15 1,230,000 1,230,000
TOTAL= ₦ 4,740,000
Product and Services

Description Monthly Production Cost Sales % Direct Labour % Material
Capacity Prices (₦) Price Percent Used Percent
(₦)
SMOKE FISH 2000 480 1,050 30 70
FISH FEED 500 3,000 6,500 30 70
MARKET SIZE 3500 350 750 30 70
FISH
Assets List
Asset Name Year of Purchase Life Span Purchase Asset Value (₦)
Price (₦)
LAND/BUILDING 2015 120 700,000 3,600,000
MACHINE/EQUIPMENT 2016 90 650,000 490,000
INVENTORY 2021 1 1,300,000 1,300,000
CASH IN HAND AND BANK 2021 1 950,000 950,000
CASH RECEIVABLES 2021 1 230,000 230,000
TOTAL= ₦ 6,570,000
Competition Analysis
Home Product Competitor Product Home Competitor Price Difference
Sale Price Sale Price (₦) (₦)
(₦)
CATFISH FISH FARMING 750 750 0
SMOKE FISH FISH PROCESSING 1,050 1,000 50
TOTAL= ₦ 50
Management Plan
Line Type Full Name Responsibility Allowance(₦)
Shareholder OGUNDARE OLUFEMI GENERAL MANAGER/FARM 120,000
ISAAC OWNER
Employee BANKE FELICIA KOLAPO MANAGER 90,000
Employee SEGUN OLUWADARE SECRETARY 75,000
Employee YETUNDE ATOBATELE SALES/MARKETING 60,000
MANAGER
Employee BAMISE OGUNDARE FARM ATTENDANT 50,000
TOTAL= ₦ 395,000
SWOT Analysis
STRENGTHS WEAKNESSES
1. ACCESS TO LARGE CONSISTENT MARKET 1. LOW FUND
2. CAPACITY TO SUSTAINABLY PROVIDE HIGH 2. INADEQUATE WATER SUPPLY

QUALITY AND NUTRITIOUS PRODUCT ALL
YEAR ROUND 3. IMPROPER ADOPTION OF MODERN
TECHNIQUES USED FOR FISH FARMING AND
3. GOOD UNDERSTANDING OF THE MARKET FEED MILL PROCESSING
4. PROFICIENCY AND EXPERTISE IN FISH 4. FLOOD

FARMING, FEED MILL PROCESSING,
PACKAGING AND MARKETING 5. INFLATION
OPPORTUNITIES THREATS
1. GOVERNMENT POLICY ON PROMOTION OF 1. ECONOMIC DOWNTURN

SMEs THROUGH FINANCIAL INCLUSION
2. DISEASE OUTBREAK
2. EXISTENCE OF LARGE POTENTIAL MARKET
3. STIFF COMPETITION
3. FAVORABLE GOVERNMENT POLICY TOWARD
AGRICULTURE FUNDING 4. INSECURITY/THEFT

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BUSINESS PLAN

FEMMSON POLY VENTURES

Prepared for: KWARAPRENUER 5.0

GENDER: STATE OF RESIDENCE:

PHONE NUMBER: HOME ADDRESS:

BUSINESS REG NO: KW3061 BANK NAME&ACCOUNT: Access bank/0694744233

GENDER: BUSINESS LOCATION:

BUSINESS ACCOUNT NO: BUSINESS SECTOR: Fishing

BUSINESS SUBSECTOR: BUSINESS STAGE:

YEARS OF OPERATIONS: OWNERSHIP TYPE:

VALUE PROPOSITION: BUSINESS DESCRIPTION:

TO DEVELOP A MORE ECONOMIC RATION

TO SOLVE THE WASTE MANAGEMENT PROBLEM.

TO CONTROL THE POLLUTION PROBLEM ASSOCIATED WITH

WHY I NEED MONEY

Working Capital List

Product and Services

1. ACCESS TO LARGE CONSISTENT MARKET 1. LOW FUND

2. CAPACITY TO SUSTAINABLY PROVIDE HIGH 2. INADEQUATE WATER SUPPLY

4. PROFICIENCY AND EXPERTISE IN FISH 4. FLOOD

1. GOVERNMENT POLICY ON PROMOTION OF 1. ECONOMIC DOWNTURN

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