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Full Name

Hudu Momoh

Am name is Hudu Momoh a graduate of federal polytechnic Idah kogi state, am 29 years old,am from Ofu local government of kogi state.sir I have be looking for this opportunity for who will support me me in my business, am into cash crops like cashew nut, palm camel which I have the business plan below all the details you need to know about the business. Thanks

Career Status

I run or am involved with multiple small to medium business operations

Location

  • Nigeria, Kogi
  • 83 83s

Business Goals

  • New business partners – supplying partners

Additional business goal information

Cashew nut and palm canel buy and selling business plan-Cashew nut is an agricultural product that run within the season of February to May every year while palm canel continue from that point,cashew nut is a business i will start with two hundred and fifty thousands (250000) within the season the profit will trip of the capital which i consider it to be a very good business. Table of content Page Executive Summary 3 Introduction 4 Business Description 5 Products and services 7 Market Research 8 Competitor Analysis 11 Sales and Marketing Plan 12 Operational Plan 13 Management and Structure 15 Executive summary ALHUDAN cashew Enterprise invoule buying and selling of cash crops of various kinds i will go into the villages and buy cashew nut and bring it to exchange with the foreigners that do come from India to my community Ejule Ofu local government in kogi state, this business that is going on every years has yield a lot of profit to the youth and deferent stage in life. The business is owned by Hudu Momoh experience as palm canel buyer The project set up cost is N5000000 i should able to start up something. The project is very profitable. With aggressive marketing strategies, good management, and the payback period would be less than 2 years. The return on investment is very encouraging at 25 per cent of profit. I forecasted a 40% market share. The business will generate a very high gross margin and a modest net margin after year one and comfortable margin after year three. By year three the business will have developed a respectable yearly net profit. INTRODUCTION Business Opportunity The increase in demand of cash cropes both local and foreign investors in Nigeria as made the market highly appreciably as large population of Nigeria and level people are going into agriculture today growth rates in the range of 8-10% in Nigeria. Cashw nut and palm canel is one of the major drivers of growt. Demand for cashwl has also risen tremendously as a result of the demand for it In addition to this, there is also increasing demand. A potential business man must have a good level of patience and must have time for the job. He must also know or be willing to know about cash crops business, as this will help a great deal and increase his profitability in the long run. Also, the business owner must have good networking relationship with individuals and corporate customers; he must possess the necessary skills to Recruit skilled workforce, Set up the business on a correspondences season Ensure availability of trycle to deliver goods to customers’ desired location, Provide reliable and durable equipment for the successful operation of the business Ironically, the market is still relatively small. There is strong competition, and the cost of carrying out cash crops business. The business is also affected by non-availability of modern transportation in the local market at an affordable rate. Local customs traditions, and non-availability of infrastructural facilities are also other major hurdles in the development of the sector. The main risks associated with the business include inability of capital for the business regularly. Volatility of the price of the product is a huge threat in the business However, the business owner should ensure close supervision of buyers and regular servicing of the business The business is expected to be registered with all the relevant agencies such as Corporate Affairs Commission and cashw buyers Association of Nigeria. The business is starting up with =N=250,000 (five hundred thousads naira) in cash part of which would be used to finance fixed assets, expenses and other running cost. Business Description ALHUDA is a business that involved in buying and selling of cash cropse Form of business: A sole proprietorship. Owner of business: Hudu Momoh State of business: The business is a new business Opening days: Mondays – Saturdays 8am- 6pm Business Development Consultant: Ibrahim sule Legal Adviser: Barister Aminer y momoh Our Vision Too be among the top 3 cash crops business men in Nigeria by 2025 Our Objective Constant growth in sales in 12 months. To generate customer satisfaction so that at least 60% of our customer base is repeat business. To provide quality product at reasonable prices with exemplary services. Our Goal – To promote government Agricultural policy – To run business as a profitably entity – Our Mission To exceed the customers’ expectations in every sense by providing quality produce in a sustainable ways. -Success Factors I have the half of the capital to enable me start on time without waiting for the out come before supply. Product /services Cash crops(cashw nut and palm canel)

Sector Of Interest

  • Agriculture

Skills and Certifications

  • Building technology but well doing in business.

Job History

Education

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Location

  • Nigeria, Kogi
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