Pig Farming Business Plan And Feasibility Study In Nigeria
At entrepreneur Nigeria, we develop acceptable pig farming business plan and feasibility study for bank loans and potential investors. This business plan for pig farming in Nigeria and feasibility study is self-explanatory, and very important for your business growth, business start ups. It also helps you gain access to funds, grants or loans from private individuals or financial institutions.
We develop well detailed business plan for people from all works of life. With our business plan, your sponsors or investors will find it very difficult to resist your business proposal. Our pig farming business plan and feasibility study gives you a very clear picture of what you should expect during the course of your agribusiness in Nigeria.
See: Pig feed formulation and production in Nigeria
Our feasibility study will show you the total cost of your desired business venture in Nigeria. It also provides you with the amount of returns on investment at the end of every accounting year until your business break-even on the initial investment capital. It is from this feasibility study that you will see the potential benefits of venturing into pig farming business in Nigeria or any other agribusiness of your choice.
With your standard pig farming business plan, you will not need a prophet to direct you in your decision making as it affects your pig farming business in Nigeria. For you to be reading this article on pig farming business plan and feasibility study, I am happy because it will help you to succeed in your pig farming business or any other agribusiness you are venturing into in Nigeria. The business plan will serve as a complete guide to commercial pig farming in Nigeria; you simply need to pay attention.
Introduction To Pig Farming Business Plan In Nigeria
For every business venture or establishment around the world, business plan or business proposal is a key component. The business plan plays a very important role in guiding you to success in your business venture in Nigeria. The pig farming business plan will contain virtually everything that has to do with pig farming in Nigeria. Your pig farming business plan should contain the estimated amount you need to construct your pig pens, the amount for vaccines and vaccinations, you farm location, the amount of money for the feeding of the pigs till maturity, the number of laborers that will be needed, the amount of money you will need to buy the piglets etc.
Also Read: How to start pig farming business in Nigeria
Why You Need A Pig Farming Business Plan And Feasibility Study
There are three major reasons you need pig farming business plan before venturing into pig farming business in Nigeria.
The first reason is that you certainly will need investors or bank loans to grow or expand your pig farming business. Without a standard pig farming business proposal, it will be very difficult to difficult to convince an investor to put his/her money into your business. This is because, without a business plan, you don’t have a direction for your business and no investor will be willing to take such risk with you. Your pig farming business plan will show the potential investor that you really have a solid plan for your agribusiness for which he will be willing to put his/her money into.
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To Be Successful
Aside from wooing investors, the pig farming business plan and feasibility study will help you in running a successful business venture. Having your pig farming business proposal shows that you have done all the market research, crossed all the “t” and dotted all the “I”. In order to grow or expand your pig farming business in Nigeria, to compete favorably with other pig farmers, you definitely need a pig farming business plan with feasibility study.
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Market Dynamism
Because the market is constantly changing thereby making the pig farming business plan with which you started the agribusiness to be obsolete. For you to continually be on top of your game in pig farming business, you need to be flexible in changing with the market dynamism. You must write you pig farming business proposal to align positively with the current changes in the pig farming business.
This is because your market projections and plans depend on factors that are entirely outside your control. Therefore, when market factors that affect you pig farming business in Nigeria change, you also need to rewrite your business plan.
The Best Size For Pig Farming Business Plan And Feasibility Study
It solely depends on the objective of the writer and who is going to read it. If the pig farming business plan is for your own personal consumption, then you may not need an epistle in the name of a business plan.
When writing a business plan to attract investors, you should also bear in mind that the investor doesn’t have all the time in the world to read only your business plan. Anything above 20 – 30 pages is seen as too big. Your business plan should serve as the CV for your business. It should be very precise and concise as well.
Things That Should Be In Your Pig Farming Business Plan
The pig farming business plan should be an abstract of what is in your brain. Forget about any beautification and any other criteria. You will certainly fail to convince a potential investor if you don’t have an idea of what is contained in your pig farming business proposal. Below are some of the things that are contained in a standard business plan.
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Your business name/title
It simply means the name of your pig farming business
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Executive summary
This will contain the purpose for which you are writing the pig farming business plan. This is where you state the objective of your business proposal. What are those things that you want to achieve with the pig farming business plan? You have to state it here.
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Pig farming business description
Here, you have to explain what pig farming business is all about. What are those opportunities and threats in the business? How profitable is the business? How big and lucrative is the pig farming industry in Nigeria.
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Marketing strategy
This is the section that you outline your plan on how to win a very good market share for your products. If your are presenting the pig farming business plan to an investor, you need to convince him/her that you have done the needed market analysis that will position you very well in the pig farming industry in Nigeria.
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Competitor’s analysis
This is where you outline the strengths and weaknesses of your competitors. The way and manner through which you intend to outsmart these competitors so as to win a very good market share for your products.
You really need to understand how your competitors act and react to the market. With your knowledge of your competitors, you will be better placed to do better in the industry.
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Your team
Do you intend to start the pig farming business alone, or will you be working with a team? You need to state the person(s) that will be joining you in the running of the pig farming business. If you intend to woo an investor, you must state the members of your team.
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Financial situations, projections, and forecasts
Here is the section that you will write all about the requirements of your business, the amount on ground at the moment, and every other thing needed for the pig farming business. In your pig farming business plan, the financial section should contain everything about money or your business.
For the complete and professionally written pig farming business plan, contact us on +2347037281050
