Best Ideas 2021 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.
IB THOMAS QUALITY GARRI PROCESSING
Published on June 24, 2021 um 16:04
Explain your idea in details:
The name of our business IB THOMAS QUALITY GARRI PROCESSING. We will be locating at Ehom Biase Local Government Area, Cross River State. we are specializing in the production good quality garri processing. Our target market are children, youth , aged garri wholesallers/ retailers, dormitories, hostels eateries/restaurant.I visionalized that in 6 years time, these business industrywill grow up to a large industry and the industry will gain benefit from the government like financial support and more braches will be open . Our mission is to (1) send our product quality garri to all part of Nigeria like nation, state local government area and villages (2) to obtain profitability at the end of every year . (3) to stop the crying of citizens concerning quality garri (4) to expose our passion towards the Nation. The objective of the business is to (1) achieve a sales turn over of #210,300,000 , a gross profit of #96,760000, and a net profit after tax of #76,669,000,by our 1st year of commencement of operation,(2) to increase staff salary by 5% by our 1st year of operation and also increase number of staff from 5 to 10. When discovered that many citizens are crying for quality garri , we then decide to go into the business so that we will provide the need of the society by providing good quality garri. But acquisition of funds was difficult that was reason the business ideas was not implemented uptil now . Our product will be adding value and will be much different from other product because the quality whereby (1) raw material will not be kept not even one day before processing while others keep more than three days before processing (2) The processing activities will be done neatly to avoid sand particles.
Expected impact of your idea on sustainable development
The implementation of of the business will create large impact both to the local and National Economy. After one year when i see the profitability of the business ,it will help me in terms sponsoring my children and giving financial assistance to families. Employee; my employee will benefit from the business by i giving them regular salary and with these can be able to cater for their family as such reduces level of unemployment as a whole . State and Nation ; The state and nation will no longer suffer in terms of good quality garri and it will also help the state and nation in occupying secondary school graduates. In order to gear success number of equipment to be used in processing of garri product, these equipment are cassava watching machine, cassava peeler, mechanical dryer, Bag sealer, 8 HP Diesel engine, cassava presser, box, Automatic fryer, sieving machine and Lister. Others inclusive working capital,staff salary ( man power ) , management team. The stated above equipment , working capital inclusive, staff salary and the management team will cover #10,000,000 plus financially to help me execute the project successfully. Value proposition are (1) six hours stay from hungry garri (2) not after 30 minutes come back garri (3) delicious unfermented garri (4) grinding service (5) Absence of sand garri (6) delivery service at low cost (7) quality garri
Plans for implementation and sustainability
For easy implementation the following plans were lay down which are (1) key partnership include banking, farmers , cassava sellers ( raw materials ), Nigeria bag manufacturing company PLC, and NAFDAC. (2) KEY ACTIVITIES include cassava processing, sales of garri and starch, Administration of the business (3) KEY RESOURCES include fund, land ,loan, garri processing equipment,knowledge of the business, skilled/ experience. (4) COST STRUCTURE; pre- operational include business registration, equipment,rent. operational include salaries, Taxes, maintenance,/repairs,insurance , consumables. (5) REVENUE MODEL; include sales from garri and starch,sales from cassava peelings (manure), seminars,/monitory, consultancy. (6) VALUE OFFERING; include timely delivery of products, well package garri,promotions/discount, online order. (7) Customer relationship ;include price reduction,incentive at the end of the year, Home delivery,Educating customers on business succeess. (8) Channel ; mouth introduction, bulk SMS, letters to churches ,flex banner, social media. In the past i tried with all effort to obtained facilities from banks in order to execute the business but all effort tried does not work . Example in was in bank of industry to access loan which is impossible because of collateral demanded by the bank. I want sincerely to execute the business,that is why i immediately jump into these competition as an opportunity. I have registered the business name with corporate affair commission also registered the business premises. Business risk; (1)the business office can be broken in by theft and may carry away the office property (2) the cassava purchase if keep for two days can get spoiled. i will adopt the following strategies to mitigate (1) casual security men can be employ to secure the business office at night (2) i will not keep the purchase cassava more than one day (3) sincere staff will be employ
The promoter is IBIANG, THOMAS UBANA from cross river state of Yakurr Local Government Area Ugep, staff Hope waddle training institute, NCE and HND graduate and a trained ordain minister of God. I acquired professional certificate in (a) certificate course in typewriting and secretarial study (certificate of proficiency ) ,(2) certificate course in computer training ( certificate of proficiency). I love processing garri locally during my tender age. please i fall under category of adult competition 2021. I decide to come into the business because many citizens are bitterly crying for quality garri that the current garri consumed by them is full of sand particles and does not last after eating. Also broadcast initially from government that those in agriculture will be supported handsomely, my product will be quite different from others because i will not allowed the raw material that is cassava tubers stay more than one day while others allowed it stay more than three days. And rampant supply of raw material is in my locality and adequacy that was reason why i choose these line of business
Stage of Idea