Business Plan For Soybean Production
Added on 2023-05-08
20 Pages4466 Words155 Views
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1
BUSINESS PLAN
FOR
SOYBEAN
PRODUCTION
BUSINESS PLAN
FOR
SOYBEAN
PRODUCTION
2
EXECUTIVE SUMMARY
This intending business shall be called Idi-Best Soybean Food Limited. Idi-Best Soybean Food
Limited shall specialize in the production of special soyabean products. This business plan is prepared
to obtain start-up capital in the amount of N6,294,600, equity = N1,294,600, Loan N5,000,000. The
supplemental financing is required to begin work on the rented shop for preparation and modifications,
equipment purchases, and to cover expenses in the first year of operations. The targeted monthly
income is N1, 079, 000 while the targeted yearly income is N12,948,000. Idi-Best Soybean Food
Limited will be incorporated by Corporate Affairs Commission (CAC). This will shield the
entrepreneur from double taxation. The financing, in addition to the capital contributions from the
owner and friends will allow Idi-Best Soybean Food Limited to successfully open and maintain
operations through year one. We can easily be described as a quick service providing firm as our
customers will be served to their demands effectively and quickly. The firm provides baked products
using high quality products (ingredients), reliable procedure, and in a hygienic environment that will
meet the customers taste. Target Clients include; Home users, celebrants, commercial purposes. Idi-
Best Soybean Food Limited competitive edge is our ability to offer our products at a competitive price
and offer home services to meet the demand of middle to higher- income local market area residents
and tourist. The company is privately owned by Mr. Ezengene Michael Chinemerem and will be
operated as a sole proprietorship business. The company hopes to create a new niche for the company
at the end of the first 5years which will lead to increase in sales to about 35%. The most significant
challenges ahead include expanding the client base and ultimate positioning the firm to have a presence
in a larger global market. This business plan outlines the objectives, focus and implementations of this
start-up firm.
BUSINESS OVERVIEW
Description of the Business
The name of our business is Idi-Best Soybean Food Limited. We will be located at Amaoba junction,
Ikwuano Oboro LGA, Abia State. We specialize in agro allied processing. Mainly soy bean food
processing.
The Motivation
The motivation of our product remains in developing and providing strong quality food with healthy
satisfaction for all beings.
EXECUTIVE SUMMARY
This intending business shall be called Idi-Best Soybean Food Limited. Idi-Best Soybean Food
Limited shall specialize in the production of special soyabean products. This business plan is prepared
to obtain start-up capital in the amount of N6,294,600, equity = N1,294,600, Loan N5,000,000. The
supplemental financing is required to begin work on the rented shop for preparation and modifications,
equipment purchases, and to cover expenses in the first year of operations. The targeted monthly
income is N1, 079, 000 while the targeted yearly income is N12,948,000. Idi-Best Soybean Food
Limited will be incorporated by Corporate Affairs Commission (CAC). This will shield the
entrepreneur from double taxation. The financing, in addition to the capital contributions from the
owner and friends will allow Idi-Best Soybean Food Limited to successfully open and maintain
operations through year one. We can easily be described as a quick service providing firm as our
customers will be served to their demands effectively and quickly. The firm provides baked products
using high quality products (ingredients), reliable procedure, and in a hygienic environment that will
meet the customers taste. Target Clients include; Home users, celebrants, commercial purposes. Idi-
Best Soybean Food Limited competitive edge is our ability to offer our products at a competitive price
and offer home services to meet the demand of middle to higher- income local market area residents
and tourist. The company is privately owned by Mr. Ezengene Michael Chinemerem and will be
operated as a sole proprietorship business. The company hopes to create a new niche for the company
at the end of the first 5years which will lead to increase in sales to about 35%. The most significant
challenges ahead include expanding the client base and ultimate positioning the firm to have a presence
in a larger global market. This business plan outlines the objectives, focus and implementations of this
start-up firm.
BUSINESS OVERVIEW
Description of the Business
The name of our business is Idi-Best Soybean Food Limited. We will be located at Amaoba junction,
Ikwuano Oboro LGA, Abia State. We specialize in agro allied processing. Mainly soy bean food
processing.
The Motivation
The motivation of our product remains in developing and providing strong quality food with healthy
satisfaction for all beings.
3
VISION AND MISSION STATEMENT
Vision Statement:
i) To improve our quality always and maintain accuracy, attracting stronger methods to
always develop and retain the best food processing talents.
ii) To be very much creative and innovative in our various products and services which we
deliver-a product for all.
Mission Statement:
a) To create suitable environment that will help build good healthy living through food processing.
b) To provide suitable and sustainable products and quality standards food ever.
c) To establish accurate management of our products by distributing appropriate individuals’
responsible to members, managers, shareholders, thereby encouraging efficient use of resources
for good stewardship of various materials.
VALUE PROPOSITION
1. The taste company product will be maintained with good standard quality as her priority.
2. The marketing strategy will be effective to reach individual and also to provide good quality
customer loyalty that will be maintained.
CRITICAL SUCCESS FACTORS OF THE BUSINESS
i) Being able to meet customers’ needs at the right time and place.
ii) The ability to apply smartness to all. Leading the nation economy always.
Current Status of the Business
Our business is a start-up venture that will consist of seven workers with good working ability for
greatness.
Business environment measurements
Economy, legal requirement, socio-political factors, serenity, media, change in the market price,
advertisement etc.
VISION AND MISSION STATEMENT
Vision Statement:
i) To improve our quality always and maintain accuracy, attracting stronger methods to
always develop and retain the best food processing talents.
ii) To be very much creative and innovative in our various products and services which we
deliver-a product for all.
Mission Statement:
a) To create suitable environment that will help build good healthy living through food processing.
b) To provide suitable and sustainable products and quality standards food ever.
c) To establish accurate management of our products by distributing appropriate individuals’
responsible to members, managers, shareholders, thereby encouraging efficient use of resources
for good stewardship of various materials.
VALUE PROPOSITION
1. The taste company product will be maintained with good standard quality as her priority.
2. The marketing strategy will be effective to reach individual and also to provide good quality
customer loyalty that will be maintained.
CRITICAL SUCCESS FACTORS OF THE BUSINESS
i) Being able to meet customers’ needs at the right time and place.
ii) The ability to apply smartness to all. Leading the nation economy always.
Current Status of the Business
Our business is a start-up venture that will consist of seven workers with good working ability for
greatness.
Business environment measurements
Economy, legal requirement, socio-political factors, serenity, media, change in the market price,
advertisement etc.
4
Contribution to family, local and national economy
Contribution to the family
i) The Idi-Best Soybean Food Limited will have lots of income to better improve her
operation.
ii) There would be promotion at divers’ levels and employment opportunity to family members
with time.
Contributions to the community
a) Provision of good healthy meals needed for standard living both for all members.
b) Entrepreneurial programs will be fostered with communities to avoid criminal activity and other
unlawful events.
c) It will also better the infrastructure of the economy development within the community.
Contribution to Local, State and National Economy
1. To better improve the growth at various levels.
2. It’s a source of revenue for the government through tax payment.
3. Promoting the industrial cooperation with other industries.
ENVIRONMENTAL IMPACT CONSIDERATION
Considerations will be examined to describe whether or not the planned environment is acceptable or
not. This entails thorough improvements
MARKETING PLAN
DESCRIPTION OF PRODUCT(S) OR SERVICE(S)
The Idi-Best Soybean Food Limited is an agro allied processing ventures aimed at boosting the
economics growth by affording good quality services needed in the economy. The Idi-Best Soybean
Food Limited shall be a fabulous enterprise consisting value addition on soya beans such as; soy Chocó,
soy milk powder, soy pap flakes, soy grit foodie, soy oil, etc. Not all products will begin at the moment.
The company for a start will begin with soy pap known for its high quality which will be maintained.
BENEFITS TO THE CUSTOMER
Benefits of soy foods/soy flour/soy milk to consumer
i) It is a good substitute for milk in infant feeding formula
Contribution to family, local and national economy
Contribution to the family
i) The Idi-Best Soybean Food Limited will have lots of income to better improve her
operation.
ii) There would be promotion at divers’ levels and employment opportunity to family members
with time.
Contributions to the community
a) Provision of good healthy meals needed for standard living both for all members.
b) Entrepreneurial programs will be fostered with communities to avoid criminal activity and other
unlawful events.
c) It will also better the infrastructure of the economy development within the community.
Contribution to Local, State and National Economy
1. To better improve the growth at various levels.
2. It’s a source of revenue for the government through tax payment.
3. Promoting the industrial cooperation with other industries.
ENVIRONMENTAL IMPACT CONSIDERATION
Considerations will be examined to describe whether or not the planned environment is acceptable or
not. This entails thorough improvements
MARKETING PLAN
DESCRIPTION OF PRODUCT(S) OR SERVICE(S)
The Idi-Best Soybean Food Limited is an agro allied processing ventures aimed at boosting the
economics growth by affording good quality services needed in the economy. The Idi-Best Soybean
Food Limited shall be a fabulous enterprise consisting value addition on soya beans such as; soy Chocó,
soy milk powder, soy pap flakes, soy grit foodie, soy oil, etc. Not all products will begin at the moment.
The company for a start will begin with soy pap known for its high quality which will be maintained.
BENEFITS TO THE CUSTOMER
Benefits of soy foods/soy flour/soy milk to consumer
i) It is a good substitute for milk in infant feeding formula
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