The company is here to create a better leaving for its clients through so many electrical means like maintenance and installation of solar devices etc, and provide security services (CCTV cameras)
Business Name: Company’s name
Legal Form of Business: BUSINESS ENTERPRISE
Contact Address: Where the business will be located
GSM Phone No: should in case anyone wants to reach out
Email: same as the phone number
Type of Business: Solar Electric Power Supply System Design and Installation
Concise Description of Business: Electrical light/Power installation, Domestic and Industrial Installation, solar system installation, closed circuit video surveillance system installation.
Product and Services
Sales and supplies of different types of Solar Panels, Inverters, Inverter Batteries and other solar powered equipment.
- Building Contractors
- Churches/church members
- General public
|1||Accommodation for rent||150,000|
|2||Investment (tools and equipment)||70,000|
|4||Personnel cost (3 persons 30,000/month)||90,000|
SOURCES OF CAPITAL
|2||Family and friends support||600,0000|
|S/N||DESCRIPTION||Unit Cost(₦)||Overhead cost (₦)||Selling price(₦)|
|1||Installation, maintenance and repair
i. Cost of one solar panel installation
ii. Cost of installing an inverter with the deep cycle batteries
iii. Cost of handling maintenance and repair
i. 7pcs of 12volts/150watts solar panels.
ii. 5pcs, 12volts/350watts solar panel.
iii. 12v/1000mah deep cycle Inverter battery
iv. 1kva inverter
v. 90watts solar street lights 6 pcs
vi. Solar powered wall lights 12 pcs
|3||Personnel cost (1 month)||90,000|
From the table, considering the overhead cost and selling price at the end of each month. This excludes the maintenance, installation and repair fees which the company is also entitled to after each work, the support from family and friends can easily be returned to them at the end of the first year.
FINANCIAL PROJECTIONS OF THE COMPANY.
|1st year||2nd year||3rd year||4th year||5th year|
|Cost of materials||511,260||511,260||511,260||511,260||511,260|
|Tools and equipment’s||70,000||50,000||–||–||–|
From the table above, that’s the estimate of what the company is meant to spend each year for a period of five (5) years.
Gross overhead profit after the 5th year will now be
₦47,052,200 – ₦37,151,600 = ₦9,900,600
The company designs, supply and install solar electric systems for residential, hospitals, churches and offices etc.
Due to the epileptic power supply and high cost of running a generator set in Nigeria births the need to provide a clean and steady electrical energy.
The main objective of the company is to provide an alternative source of energy and also provide skilled manpower to handle domestic (household) and industrial electrical maintenance.
‘’Creating a better living’’
To provide affordable, efficient and timely solutions to our clients by providing them the utmost satisfaction and value through quality products and efficient services using the right people, strategies and the best technology at the best possible price and to be dominant player in our field through global alliances.
PRODUCT AND SERVICES OFFERED
The product and services we are offering are already in existence although we intend to start with electrical installation, maintenance and repair. We also offer domestic and industrial installation (conduit wiring installation, heavy duty machines, expeller fans), installation and maintenance of solar electric power, CCTV cameras etc.
LEGAL FORM OF OWNERSHIP OF THE ENTERPRISE
The business will be owned and managed by Managing director / the Chief Executive Officer and will be registered under enterprise due to its commercial model phase and future expansion.
LOCATION OF THE BUSINESS
The company will be located in Awka which is the state capital of Anambra State.
The reason for locating it in Awka is due to the massive construction of new building in the area and it’s environ. The urban nature of the area is at the business advantage as it will be easy to locate.
Also we intend to bridge the difficulties subjecting people to high utility bills and, for others in the rural area who could not access the conventional energy sources.
This company is located at a standard and well positioned office block at the center of the town for customer’s ease accessibility and continuous show case of our product.
Most electrical company in the area are not service company and deals only on sales but we design, sell, install and supply in the long run thereby giving us an edge over our competitors. We also intend to cut off some percentage at which we sell our commodities if we are the ones to install and run them for our clients.
We also give months of warrantee to customers, during this period if any factory fault should occur, the company bears the cost of repair and re-installing as the case may be.
KEY SUCCESS FACTOR
The business aims at expanding and procuring more materials and equipment.
We intend to keep our customers away from high utility bills, fluctuating fuel costs, prevent guilt about contributing to emissions and global warming. This also enable the clients and other conventional energy users to counter the low availability of conventional energy and their high utility bills, this is because they can generate electricity, store electricity and use both in daylight, and at night which is also when prices are at highest.
In the case of incapacitation of the CEO/MD, the company is to be managed by the next in line after the CEO under the supervision of the CEO’s wife until the first born child is of age to manage the affairs of the company.
- Low price on all commodity/availability
- Well trained and experienced engineers
- Location is visible to all our clients and customer
- Months of Warrantee
- As a new electrical energy service company, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive services industry.
- We may not have the required cash to invest into promoting our business the way we want.
The opportunities in the service industry is massive considering:
- Massive activities going on in the construction and real estate industry.
- The epileptic power supply in the country.
- High utility bill payment.
- Individuals and organizations who would always require electricians to fix faults in their facilities.
- One of the threats we are likely to going to face is the economic downturn, which would affect purchasing/the spending power.
- Another establishment of this kind establishing in the area.
Seeing the future profit outlook of the company from return on investment and maintenance, we are confident that the company can achieve its aggressive forecast in years to come. The company’s management has carefully considered its market, potential customer base and its ability to grow and expand to capture customers’ desires.
Please note that the prizes stated in the above is not the exact cost of the material at the market, rather it is a projected cost for the purpose of example only.
Thank you for this, this helped me comprehend what we’re doing a great deal much better. Now I can better offer my clients.
so happy to hear that