Assets represent the total resources of a company, which may shrink or increase depending on the results of operations. Assets are listed in liquidity order - ease of converting into cash. Liabilities include what a company owes: All businesses divide assets and liabilities into two groups:
Anyone will be right to compare fruit juice business to pure water business in Nigeria, it can hardly go wrong, there is huge amount of profit available to the business owner.
A major reason behind the success of this business is the fact that Nigeria is one of highest consumers of fruits and fruit juice worldwide, asides this, Nigeria is the largest fruit market in the whole of Africa. Studies show that with a substantial amount of investment in this business, the business owner is likely to rake in thrice the capital within a short period of time, all things being equal.
Recently there was a ban by the federal government on the importation of foreign made fruit juices, this policy had a ripple effect on the profit of the fruit juice sector, causing it to practically triple.
Undoubtedly there is a lot of profit to be made in this sector, as long as you are willing to be involved. Restaurant Business Plan in Nigeria Prior to the government policy, the well-known La Casera apple juice was sold for forty naira, as soon as the policy was enacted, the price skyrocketed, presented it is sold at a retail price of a hundred naira.
Sources have it that it takes roughly thirty five naira to produce and distribute La Casera to the end customer, even without calculation it is obvious that the business is seriously lucrative.
This means that over this bottle of carbonated drink, the producers and distributors have been sharing sixty five naira profit, imagine what it will be like for fresh fruit juice which is healthier and more desirable.
The business is a high rewarding one as both the young and old enjoy fruit juice and will always patronize, especially when they need a cold drink to cool off after a hot, stressful day. There are several desirable nutritional benefits. A large number of the population have no idea of the fact that fruits are a boundless pool of nutrients needed by the human body for proper functioning.
Fruits contain several minerals and vitamins which are instrumental in providing balance to the human body metabolism, detoxification and ensuring the digestion process runs unhampered, asides many other functions.
The best way to get the nutrients from these fruits is by taking their juices, this is a major reason fruit juices are very much desirable all over the world. There is a very high demand for fruit juices.
It no longer news that Nigeria is the most populated Black Country, neither is it news that we love to celebrate. In fact there is no weekend that you would not find a celebration party around your location, if only you could count how many there will be all over the country on that day.
At every of these functions one of the most requested drinks is fruit juice, this is asides the fact that on a daily basis several millions ensure that fruit juice is part of their diet. The raw materials are readily available. As you know it, Nigeria is tremendously blessed with natural resources, fruits inclusive.
Fruits are cultivated all over the country in abundant measure, you have oranges, bananas, grape, lemon, mangoes, lime, pineapples, apples, pawpaw and many more.
All you need do is find a farm that produces the fruit you need and you are in business.
Government provides support both directly and indirectly to these kind of businesses. The federal government is known to set high tariffs for the importation of fruit juices and sometimes put a complete ban on it. This is done in a bid to ensure that the local industries will have a level playing ground and get the patronage they need to develop.A production plan is a plan to ensure that goods are produced according to schedule.
This includes purchasing and manufacturing details. An effective production plan helps management cut costs as much as possible without sacrificing customer service.
The production company business plan broken down and explained with a free template specifically designed to create a business plan. Get inspired with our gallery of over example business plans. Choose the category that is closest to your own business or industry, and view a plan you like.
LivePlan includes all business plan samples, so you can easily reference any of them when you’re writing your own plan. If you’re. This business plan outlines a two-store operation offering a full range of printing services and supplies.
The joint enterprise will improve efficiency through the use of Total Quality Management (TQM). Several formats exist for production planning and some are more suited to small business than others. One reliable format is the Gantt chart, which is an adaptable method of tracking complex projects.
The fourth in a comprehensive series to help you craft the perfect business plan for your startup. How to Write a Great Business Plan: Products and Services.