The name of my proposed business will be KINGAMEHPAPA POULTRY FARM.
Published on June 23, 2014 um 13:53
Summary of your idea
Poultry is one of the fastest growing and most promising industries with the brightest future in our country. Poultry sector are playing a very vital role in reduction of poverty, malnutrition and unemployment problem of our country. The product will be the confined (i.e. intensive system of Poultry farming) and its egg derivative. It will be raised and distributed by the firm to customers (such as the farmers, egg deport, families and individuals, food restaurant and manufacturing companies, and eateries)through a Peugeot van. My vision is to produce nutritious eggs and meat, and generate employment. Table Egg production from Poultry layer birds using Point of Lay(POL) for the purpose of producing table eggs and birds using Battery cage. 2,000 Point of Lay(POL) birds, feeding, water and medication of the birds and sales of eggs and spent layers produced from them in the first one year after construction, increasing the number thereafter to 4,000 birds in the second year using Day old Chicks, 8,000 birds in the third year and 20,000 Poultry birds in the fifth year. In the first year, at peak production, the Poultry farm should produce about 60 crates (30eggs/crate) per day and generate the sum of about 1,080,000 naira/[6,626 dollar/4,865 euro] in revenue and about 332,000 naira/[2,037 dollar/1,496 euro] as net profit after deduction of operating expenses on monthly basis. Spent layers would be sold at the end of one year of lay. Annual revenue could be up to 15,140,000 naira/[92,884 dollar/68,199 euro] and NET profit could be up to 6,083,000 naira/[37319 dollar/27,401 euro] after the deduction of operating expenses. At full capacity, the project housing 20,000 laying birds would generate up to 151,400,000 naira/[928,834 dollar/61,982 euro] in revenue every year.
Expected impact of your idea on sustainable development
The Poultry will provide employment for 6 persons for a start. By the second year (after 12 months), the Poultry will provide employment for at least 15 persons. By the fifth year at full capacity it would employ about 30 persons. Nationally, it will reduce cash flight and generate about 151,400,000 naira/[928,834 dollar/681,982 euro] per annum in revenue. The Banks, Insurance Companies and Agricultural consulting firms shall all be beneficiaries with the attendant tax going to the government. The manure will service proximal farms and far farms. Egg marketers, maize or feeds suppliers, transporters, spent layers marketers, shall all be affected positively. The impact of my Poultry business on the economy will be positive. My vision is to satisfy customer expectations by producing nutritious eggs, meat and foods; and generate employment. In my proposed business, i will use the following market entry strategies: 1. Price Penetration: I will reduce price in order to have large market share and market growth which make the product to penetrate more in the market. 2. Free Samples: The owner who is the manager will offer free sample of low priced produced to gain customer acceptance and popularize the product. 3. Price Cut: The owner will be reducing prices to those who will purchase in large quantity. 4. Advertising: The proposed business will be advertised through posters around school gates, market place, through radio, through television, through internet, etc.
Plans for implementation and sustainability
CRITICAL SUCCESS FACTORS OF THE BUSINESS INCLUDE: 1. Finance: Fund must be available as when needed according to plan to avoid creating stress factors which would cost so much in revenue loss. 2. Expertise: The Poultry industry is a knowledge based industry therefore employment of expertise is very important and needed. 3. Housing: Proper ventilation and spacing is a critical success factor, as a result it is expected that I position my Poultry house to give the birds maximum ventilation and reduce heat. 4. Bio-security: Disease entrance and spread are as a result of any form of breach in bio-security, therefore footbath, car bath and unauthorized persons would be prohibited. 5. Water: Watering and water source is of great importance. Foul water source or water getting contaminated in Poultry house signifies that the farm will fail. Water should be managed to ensure that clear and clean water is available for the birds through the use of an irrigation system. 6. Nutrient/ Feeds: Most farm fail because they wanted to reduce cost of feed by compounding. It is expected that all nutrients and feeds are well sourced and readily available in the market to prevent malnutrition. 7. Health: The Poultry birds will be well monitored by the Veterinary doctor in order to reduce any rate of mortality. I need funding i.e Investors who will invest in my idea in other to implement and as time goes on other funds will come in such as profits which will aid it sustainability.
KINGAMEHPAPA POULTRY FARM will be under the management of AMEH OJONUFEDO IBRAHIM as the owner of the proposed business. He will be the overseer of all the activities carried out in the firm. He owns the business under the following qualifications. 1. Has an O- Level certificate. 2. Proved Bachelor of Technology (BTECH) in Library and Information Technology (LIT). 3. Computer literate. 4. An assistant Pastor who manage congregation and settle dispute among couples. 5. Fluent in English, Yoruba, and Igala language. 6. Over 24 years. The motivating factors that will contribute to my success in the business is my vision which is satisfying customer expectations by producing nutritious eggs, meats, and food and as well generate employment. My qualities are: 1. Efficiency: This means working together with my workers to eliminate unnecessary costs from the supply chain and building the capacity to compete effectively. 2. Innovative skills and management practices that respond to a broader array of customer expectations. 3. Adaptability and flexibility in a changing external environment. 4. Shared Values: This include cooperation, trust, openness, customer centered among me and my workers. 5. Opportunities for profitable growth for the business manager and workers.
Stage of Idea
Your idea has a positive impact on
food security, poverty reduction