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Business Plan
1. Business Proposal
Line of business Catfish Farming

Date: Company Name: CHEF Catfish Co.

Expected date of February start-up 2011 Location of Nigeria business

Objectives and opportunities

Objectives 1. To make profit 2. Supply good quality product for domestic market for about three years 3. After three years company will expand market for export 4. Catfish doesnt have preservative whenever you want to eat, you just kill it, so its fresh unlike of that frozen fish which have chemicals. Opportunities: 1. More health conscious people eat fish 2. An opportunity to create employment

Business experience Relevant experience, education, certificates and personal background

I have no experience to run business. I established a firm before, and I still manage it. I run business before, but I already closed it. If so, when did you close it? ( Experience: No experiences in catfish farming but have knowledge in trading business.

Education: Partners are graduate of Economic course, Accounting, doctorate in Finance and business administration. Personal Background: came from a family of businessmen, aggressive, determine to succeed, managing a cosmetic business .

Detailed products and/or services

Catfish

Strength 1. 2. 3. 4. 5. Good quality of water for catfish farming. Market opportunity People do not want to eat beef so they switch eating catfish. People eat catfish for a long life. Catfish is very nutritious, low calories, low carbohydrates and high protein, low in fat. Easy to prepare and great taste.

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Challenges and weakness

1. 2. 3. 4. 5. 6.

No experience in this catfish farming High competition No enough capital No expert in fishery biology. High cost of feeds Needs fresh water supply because catfish needs a clean water everyday.

2. Customers and Suppliers

Customers (including channels and distribution) 1. 2. 3. 4. 5. 6. 7. Health conscious people Those love eating fish Restaurant Supermarkets Small food shops Food vendors Big hotels Suppliers 1. 2. 3. 4. Hatchers of fingerlings Suppliers of feeds Hire delivery vehicles Suppliers of Nets

3. Required Funds and Fund Raising

Required funds Assets purchase / leasing Registration fee Pond construction Water pump Fishing Nets Other Accesories Amount (US$) 394 556 222 33 83 Fund raising Own capitals Chandima US$ 500 Hamida-$ 500 Eyiuche- $500 Fe - $500 Loans from family, relatives and friends (details and loan terms) Family 2,066 x 3% x 365 days Public grants (details and conditions) Amount (US$) 2,000

2,066

Total

1,288

Page 3 Feed Expenses Fingerling input Labor Cost Lime Expense Fertilizer input Miscellaneous Total Total (A)
Note: Totals (A) and (B) must be equal.

Loans from commercial 1.667 banks and/or other financial 833 institutions 83 (details and loan terms) 28 56 111 2,778 $4,066 Total (B) $4.066

4. Income Forecast (monthly average)

Start-up (US$) (3 month) Revenues (1) Costs of products (2) Fixed Cost : 35 Variabel cost:695 Operational expenses Salaries 0 Rents Interests / installments Others 0 730 1 year later (US$) Details of revenues, costs of products and operational expenses Started business 0,5 hectare of fish farm Variabel cost: fingerlings 833 , labour cost 83,lime 28, fertilizer 56, and miscelleniuos 111 Fixed cost:

Operational funds

21

Sub-total (3) Income before tax (1) (2) (3)