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How To Start A Soap Making Business Plan In Nigeria 2020 / Feasibility Study

First of all let me categorically state that our recent edited and detailed soap Making Business Plan in Nigeria / Feasibility Studies can be used to access bank loans, proposal writing and grant applications. The business plan was recently compiled after a thorough feasibility study on palm oil production in Nigeria was done by our team of experts.

You can also read >>>Supermarket Business Plan In Nigeria 2020/ Feasibility Study

Today we will be discussing in details on how you can start a very lucrative and a very profitable soap making business in Nigeria. This article contains complete Feasibility study soap making business plan which can be used soap making start up guide,  proposal for soap making Plan in Nigeria ,Business Grant Applications, Applying for Bank Loans, soap making business Proposal writing, Business Concept Note, and seminar presentation etc. Well, if you want to be among the richest and wealthiest in the society, then you ought to own your own business. No salary earner have ever rising to become world’s richest.                       

There are some businesses that you can do along with your official job and that is one of the major reason why the developed Nations are very wealthy. For example, in China, every family is expected to own a business. This have reduced the dependency on government to provide jobs for everyone.  Sometimes, your salary job might not really be enough to carter for the needs of your family. So as an entrepreneur, what do you do? Get your entrepreneurial skills out of your bag and get your hands dirty and make money.

Soap making business in Nigeria is one of the most profiting and lucrative business today. It’s a business that won’t cost you much to start and yet you will be swimming in money. Just follow me as I lead you through the process. Some time ago, I walked up to a woman who was into soap making and I asked her why she wasn’t doing as a business. She just smiled and said. “it’s my hubby“. I was so surprised to hear that. But that same hubby is fetching another young entrepreneur ( Chibox) hundreds of thousands in profits every month. To some persons as far the soap making production business is concerned is simply just a hubby but for an entrepreneur soap making business is a very lucrative and profit making business. So what’s the difference? “Business sense”. One has it and the other, simply lacks it.

Soap usage can never be over emphasized at all. It can be used in homes, offices, restaurant hospitals, factories, big companies etc. So many of you will be wondering why I have included factories. Let me tell you a simple truth. Nigeria bottling company (NBC), is one of the most user of omo sachet product. The daily consumption is about 1 million naira daily. That’s just a company. While I was there, I was a sanitizer and that was years ago before I even had my first degree. Omo detergent was used in cartons I mean thousand of cartons daily f\or washing. There are companies out there whom you can approach and get a deal to be supplying them soaps for their washing. So you can see how diversify your customers are. The demand for these products are very high in this country and the market is very much large and still getting larger daily.

The beautiful part of this business is that you do not necessary need an office to start. All you need is a little space and you are good to go. You can actually start your soap production business from your home as a small scale business and then you grow it into a very big soap making production business. This business is a very unique business. You don’t need to so many specials before you get into this business. All you need to do is to have a good and working business plan and feasibility study report. Then you have to have to have the necessary skills to produce the soap and have a bit of determination to take your business to a higher level.

We have established the fact that Soap is a universal product which can be used for different purposes.  It can be used for washing and bathing as well. We have different types of Soaps and they include the following: liquid soaps, detergent, bar soaps etc. There are different equipment used for soap making which are fragrances, the soap making machine, rubber, heat resistance plastic, plastic spoon, measuring spoons, stainless steel, steel pitcher, rubber spatulas, protective goggles, small beakers, a soap mold, protective rubber hand gloves, soap pot, plastic ladle etc.

Check our detailed Fashion Design Business Plan In Nigeria / Feasibility Study

If you want to start the soap production business in a small scale, it’s fine. This means your immediate audience target. Which means those around you are your immediate target. This requires you to be very smart in how you package your business, have a very good networking and marketing skills. You have to make the best out of your soap. Ensure it smells very nice, looks so attractive and ensure it is well packaged to tell your customer that the soap is made with quality materials. These characteristics have a way of sending a very strong message to your clients. Remember that there is no second chance to make a better first impression.

How To Start Soap Making / Production Business – What You Need.

As a fact, if you want to start any business it is very important that you get a very good business plan and a feasibility report. This will be your guide all through the business. Sometimes, many people do think that you only have to buy a business plan when you want to start a business. But that’s not true because the business plan contains what will help you grow your business from stage one to the final stage. As a matter of fact, a very good business plan will help serve as a roadmap for your soap production businesses. So for those who have started and those who wants to start, you all need a business plan so that it can serve as a guide which can easily help you move your business from one stage to the other. It will serve as your manual. Should in case you are faced with any trouble, you refer to it.

Registration of your business –

There are many persons who don’t think registering their business is an ideal thing but that is where they all get it wrong. Registering your business is something you have to do to make your business a legal entity.  And how does this work? You have to register it with the Nigeria Corporate Affairs Commission. Registration fee is not quite an expensive one. You can visit any office of the corporate affairs commission in the thirty three states of the federation. So you don’t have to travel to Abuja for it. You can read our well detailed procedures on how you can register your business name.

Capital – If you want to start a small or a large scale soap production business plan, that have to be determined by the size of your financial pocket. For a small scale business, you can start it with 50,000 naira. With this, you can begin your small scale soap making production business. But if you want to go into a very big soap production business, then you have to look at 500,000 thousand naira and this will be very good too. But before you start this business, it will do you good to get the business plan for soap making.

Advertisement. There is a need to have your business advertised to the general public. You must let those around you know what you are doling. You can decide to place an advert on facebook or on youtube, you can decide to print flyers and complimentary cards too etc. This is very crucial in a business and that’s the only way a business grows. Another important form of advert you can do is the mouth to mouth advert. Meet companies, meet banks, meet organizations etc and drop a proposal for them on what you do.



To Get the Complete Soap Making Business Plan & Feasibility Report (Including the Financial Projections and All). Pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After payment text your name, your e-mail address and bank teller number to 09066078526 and you’ll receive your Soap Making/production Business Plan / Feasibility Study Proposal.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526

Check out our Cosmetics Business Plan In Nigeria 2020 PDF

Equipment – When you want to brand your goods you will need a metallic stamp which is meant for naming your soap. You will also need a Safety Hand Glove, paper towel, stick blender, stainless steel or plastic spoons, measuring cup, dye, oils, scents, plastic spoons, organic ingredients, Colors etc.

The sweet thing about this Soap production business is that, you don’t actually need a huge capital to start that is if you don’t have big money on you. This is why it has been tagged as one the many lucrative small-scale business that you can easily start in Nigeria with a limited budget/capital. And this does not limit your profit making. In soap production business, your profits comes on a daily basis. Recently we did an estimate of current market analysis and financial projections on soap production business, we discovered that with a budget of N20,000, you can actually start a profitable soap production business in Nigeria. Though this will be on a small scale and it is also very possible to grow it into a very large business empire.

For those who want to go into soap production business plan in Nigeria, we have provided you an in-depth soap making business plan which has a very detailed way on how you can be very profitable of soap making business in Nigeria. It doesn’t stop there, we also included the current financial analysis and also drafted a sample soap making plan that is backed up by actionable steps in marking your soap making business profitable. Below are the very types of soap production you can get into and make daily income:

Toilet Soap / Bathing Soap (Bar Soap) with different fragrance

Baby Soap (Bar and liquid) with different fragrance

Body Wash (Liquid Soap) with different fragrance

Hand Wash (Liquid Soap) with different fragrance

Dish Washer ( Liquid Soap)

Clothe Washing Soap

Car Wash (Liquid Soap)

Detergent

To Get the Complete Soap Making Business Plan & Feasibility Report (Including the Financial Projections and All). Pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After payment text your name, your e-mail address and bank teller number to 09066078526 and you’ll receive your Soap Making/production Business Plan / Feasibility Study Proposal.

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526

 

TABLE OF CONTENTS SOAP MAKING BUSINESS PLAN IN NIGERIA PDF

Financial Plan for the Soap production feasibility study – – – – – – – 11
Project Cost – – – – – – – 11
Function Plan – – – – – – – 11
Funding Requirements – – – – – – 12
Soap Production Industries (Nigeria) Projected Income Statement – – 12
Soap Making Nigeria LTD (Nigeria) Projected Cash Flows Statements – 12
Soap Manufacturing Business Ventures (Nigeria) Project Balance Sheet – – – 13
Soap Making Ventures (Nigeria) Profitability Analysis – – – 14
Soap Manufacturing Ventures (Nigeria) Break Even Analysis – – 14
Section Seven
7.0 Risk Analysis, Contingency Plan and Exit Strategy – – – 16
7.1 Risk Analysis and Mitigants – – – – – – 16
Contingency Plan – – – – – – – 16
Exit Strategy – – – – – – – 17
Section Eight
8.0 Other Considerations: Conclusion/Recommendation – – 18
8.1 Economic Justification – – – – – – 18
8.2 Commercial Viability – – – – – – 18
Conclusion/Recommendation – – – – – 18
Appendices – – – – – – – – – 19

2)      Executive Summary: The summary includes introduction, products and services description, marketing and sales among others

3)      Company Overview: this includes

Mission Statement

History and Current Status

Markets and Products

Objectives

Keys to success

4)      Product or Service description.

5)      Industry and Market Analysis

Introduction

Industry analysis

Market analysis

Customer analysis

Competitor analysis

SWOT Analysis

6)      Marketing Strategy

Target Market Strategy

Product/Service Strategy

Pricing Strategy

Distribution Strategy

Advertising and Promotion Strategy

Sales Strategy

Marketing and Sales Forecasts

7)      Operations

Operations Strategy

The scope of Operations

Operating Expenses

      Development

Development Strategy

Development Timeline

Development Expenses

9)      Management

Company Organization

Management Team

Administrative Expenses

10)   Summary of Financials

Financial Assumptions

Financial Forecasts

Projected Cash Flow

Income Statements

iii.      Balance sheet

Profit and loss

Profit Margin, chart etc

Financial Risks

11)   Appendices

Support for Product/Service Description (e.g., diagrams, pictures, etc.)

Financial Statements

Income Statement [3 years]

Balance Sheets [3 years]

Cash Flow Statements [3 years]

Ratio Analysis [3 years]

Other supporting financial statements

What Does It Take to Start a Soap Making Business Successfully?

Some persons wants to go into this business as a part time stuff and others as a full time business.  In either way, you will need planning to executive a perfect soap production business. One aspect that needs to be very taking into consideration is the capital. So if you don’t have capital for you business, you can read up how to raise capital for your business. You have to understand some things about this business. If you don’t know how to make soap, then go and learn it and that might cost you a little and it can just be for two months or less. If you don’t know where to learn it, contact us and we will give you the very best tutors.

ARGET CLIENTS

They include: Distributors and dealers on toilet soaps, hotels, schools with hostels, families and guest houses etc. Soap production ventures, as cosmetic oriented people in the business will place your customers’ beauty and needs over our personal needs.

Our sample Soap Making Business Plan in Nigeria can be used to access bank loans, proposal writing and grant applications. The business plan was complied after a thorough feasibility study on Soap Making Business in Nigeria was done.

To Get the Complete Soap Making Business Plan & Feasibility Report (Including the Financial Projections and All). Pay N10,000 to

GT Bank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After payment text your name, your e-mail address and bank teller number to 09066078526 and you’ll receive your Soap Making/production Business Plan / Feasibility Study Proposal via your email in less than five minutes

You can also reach us via our email @ tradewithchapatt@gmail.com or via our whatsapp number @ 09066078526

source >>> https://www.bestnigeriabusinessplan.com.ng/how-to-start-a-soap-making-business-plan-in-nigeria-feasibility-study/

For aspiring entrepreneurs, you don't necessarily have to bootstrap, get you a bank that will support your small business.