Best Projects 2020 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Published on May 22, 2020 um 23:26
Type of Enterprise
Year the ngo or company was founded
Explain your project in details:
Objectives Increase revenue from the sales of vegetables to N30,000,000 over 2 years. To maintain profit margins at 20-25% through close attention to expenses and the cost of vegetable production. To drive awareness and generate sales through mentions in both local print and digital media, listings on online stores, and a dedicated blog. Production process A brief explanation of production processes in our vegetable farming business. 1) We select the vegetable crops we intend to cultivate: The first step is choosing the vegetable farming we want to grow from a particular season and market. 2)We prepare the Farmland: Firstly our farmland has been chosen based on the following parameters: Access to sunlight Topography Demographic Availability of water Soil type 3). Apply Fertilizer And Start Planting: Mix a soilless mix and a balanced fertilizer that contains equal percentages of nitrogen, phosphorus, and potassium with the soil. Soilless mixes are sterile and will help rid the soil of weed and diseases, and also provide great drainage for the vegetables. Next, separate each vegetable per container and plant the seeds at the correct depth. Also, ensure there's enough spacing between the plants. 4). Irrigate and Re-Fertilize: Water the plants carefully, at least once a day to keep the soil moist, and re-fertilize the soil when the plants begin to grow. Maintenance: Maintenance practices usually includes mulching, weeding, staking, and fertilizer application. Mulching is essential during October November with dry grass or plant debris weighed down with balls of mud. . The business will employ experienced and professional operational and salespeople
Impact of your enterprise on sustainable development
The company has had traction for the past 3 years since 2017 it started operation and has gained a lot of experience in times of; operational plan, sales, and marketing strategy, and customer retention/relationship approaches. Employees of ECNE-Farm Ltd are paid competitively and will receive in-depth processing training. Additionally, employees will receive special benefits including: 30% Purchase Discount Special monthly bonuses as sales goals are met Paid Holidays Paid Time Off (PTO) based on no of hours worked 1. Farm Manager 1 2. Assistant Manager 1 3. Accounts Officer 1 4. Operations staff 5 5. Sales Associate 3 6. Store keeper 1 7. Marketing/business development 1 8. Security 1 9. Driver 1 Total 15 As ECNE-Farm Ltd grows, medical insurance is provided to full-time employees. Our philosophy is to empower our staff to do the best they can and give them the freedom to do so. Special awards will be given for great customer service and sales targets met.
Sustainability and future plans
ECNE-Farm Ltd is a budding vegetable farm that is involved in the production of high quality, nutritional, and fresh green vegetables for consumption in and around Lagos Nigeria. We cultivate and sell the following widely eaten green vegetables in Nigeria: green leaf, ugwu(fluted pumpkin leaf), Efo Shoko(Lagos Spinach), Bitter leaves, EfoTete(Africa Spinach), waterleaf, Garden Eggplant, Malabar Spinach, Efirin (scent leaf), Ebolo(Yorubanbologi), Afang leaves, are committed to the improvement of food taste and nutritional quality. And will operate a grocery store for storage and sales of the products. Our company is being founded to build upon an extensive array of biological and horticultural education, experience, and the research of its founders. We produce processes and package to meet the requirements of the standard organization of Nigeria as well as NAFDAC. Financial Considerations ECNE-Farm Ltd seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital. Funding for the launch of the business is provided primarily by equity from the partners and investors. The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners. Revenue will top N14,500,000 and profit will reach about N3,843,950 in the 1st year of operation. Keys to Success 1. Financial stability for payment of labor, fertilizer, viable vegetable seeds, and other variable inputs. 2. Low operating cost and efficient processing techniques. 3. Ensuring an efficient and highly motivated distribution team. 4. Maintenance of good working conditions and effective remuneration. 5. Offer consistently quality products. 6. Outstanding customer service.
Your profile as an entrepreneur
The company is established as a sole enterprise company owned by Emmanuel Joseph. The farm is managed and directed by Emmanuel Joseph, a trained Agronomist in the Agric. industry with 5years experience, a Banker by profession, an HND holder in Banking and Finance, Contact: Emmanuel Joseph, Mowe, Ogun State, Nigeria. and, with the assistance of "Onyeka Azobu" an experienced Agro-allied specialist with over 15years experience.