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BUSINESS PLAN FORMAT FOR SMEs

The document outlines the format for a business plan for small and medium enterprises. It includes sections on executive summary, business ownership, production process, market and marketing, cost of production and financing plan, total cost of the project, profitability projections, and financial need and financing plan.

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dynamiccreationslive
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20 views7 pages

BUSINESS PLAN FORMAT FOR SMEs

The document outlines the format for a business plan for small and medium enterprises. It includes sections on executive summary, business ownership, production process, market and marketing, cost of production and financing plan, total cost of the project, profitability projections, and financial need and financing plan.

Uploaded by

dynamiccreationslive
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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BUSINESS PLAN FORMAT FOR SMEs

1.0 EXECUTIVE SUMMARY

Name of Firm

Project and Location

Vision Statement

Mission Statement

2.0 BUSINESS OWNERSHIP

Type of Ownership

Name of Chief Promoter

Date and Place of Birth

2.1 EDUCATION QUALIFICATIONS

Qualification(s) Degree/Diploma Institution Year of Graduation

2.2 SPECIAL TRAINING

Training in Institute Duration

2.3 WORK EXPERIENCE (Past and Present)

Organization Position Nature of Work Duration


3.0 PRODUCTION PROCESS

4.0 MARKET AND MARKETING

4.1 Target Market

4.2 Demand and Supply Outlook

4.3 Marketing Strategy (Product, Price, Promotion and Place)

4.4 Competition

4.5 Future Prospects

5.0 COST OF PRODUCTION AND FINANCING PLAN

FIXED ASSETS

5.1 LAND AND BUILDING

S/N Particular Area Required Total Volume (₦)

1 LAND

2 Building (Construction or Rentage)

Total

5.2 MACHINERY/EQUIPMENT

S/N Particulars quantity Unit Price (₦) Total Value (₦)

Total
5.3 PRELIMINARY AND PRE-OPERATIVE EXPENSES

S/N Particulars Amount (₦)

1 Establishment Expenses

2 Start-up Expenses

3 Misc. Expenses

Total

5.4 WORKING CAPITAL (3 MONTHS)

S/N ITEM TOTAL VALUE (₦)

1 Raw-Material stock

2 Semi-finished goods stock

3 Finished goods stock

4 Sales on Credit

5 Production Expenses

TOTAL

5.5 RAW MATERIAL

S/N PARTICULARS QUALITY RATE (₦) MONTHLY ANNUAL


VALUE (₦) VALUE (₦)

5.6 UTILITIES

S/N PARTICULARS ANNUAL REMARKS


EXPENDITURE (₦)
5.7 MAN POWER RECRUITMENT (WAGES AND SALARY)

S/N PARTICULARS NO WAGES/SALARY PER ANNUAL


MONTH (₦) EXPENSES (₦)

1 Skilled

2 Semi-skilled

3 Unskilled

4 Office Staff

5 Any Other

TOTAL

5.8 REPAIR AND MAINTENANCE (Annual Requirement)

S/N PARTICULARS AMOUNT (₦)

TOTAL

5.9 SELLING AND DISTRIBUTION EXPENSES

S/N PARTICULARS AMOUNT (₦) ANNUAL COST (₦)

1 Publicity Expenses

2 Vehicle Hire

3 Commission

TOTAL

6.0 ADMINISTRATION EXPENSES

S/N PARTICULARS AMOUNT (₦) ANNUAL COST (₦)

1 Stationery & Printing


2 Post/Telephone/Telegram

TOTAL

6.1 DEPRECIATION

S/N TYPE OF ASSET COST OF ASSET(₦) EXPECTED LIFE DEPRECIATION

7.0 TOTAL COST OF THE PROJECT

S/N PARTICULARS TOTAL VALUE (₦)

1 Fixed Capital

(Total of item No. 5.1 &5.2)

2 Working Capital

(Total of item No. 5.4, 5.6, 5.7, 5.8, 5.9, 6.0, &6.1)

3 Preliminary and Pre-operative expenses

(Total of item No. 5.3)

Total Cost of the Project

7.1 FINANCIAL NEED

S/N PARTICULARS VALUE (₦)

1 Machinery

2 Working Capital

3 Others

TOTAL
7.2 FINANCING PLAN

S/N PARTICULARS VALUE (₦)

1 Owners’ Equity

2 Term Loan

3 Overdraft

TOTAL (The total must equal to value in 7.0)

SALE REVENUE (Usually you are expected to make projections for 3 to 5 years simply by: Past sale +
Percentage of Inflation Factor = Sale Forecast

Month Item Quantity Sold Rate per unit (₦) Sales Realization
(₦)

January

February

March

April

May

June

August

September

October

November

December

TOTAL
7.3 PROFITABILITY PROJECTIONS

S/N PARTICULARS AMOUNT (₦)

1yr 2yr 3yr 4yr 5yr

A Sales Realization

B Loss Cost of Sales:

i Raw Material

ii Utilities

iii Salaries/Wages

iv Repairs & Maintenance

v Selling & Distribution Expenses

vi Administrative Expenses

vii Interest

viii Rent

ix Depreciation

x Miscellaneous Expenses

C Gross Profit/loss (A-B)

D Income Tax

E Net Profit

F Repayment

G Retained Profit

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