BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
This sample banking industry business plan in Nigeria can be used for government and non – government business grant applications, for bank loan applications, for business proposal writing, for writing business concept notes, and for business grant competitions, other competitions and so on. This banking industry business plan in Nigeria is a highly lucrative business idea with great prospects for success; given adequate planning. You will need the technical experience and expertise of a professional business consultant in Nigeria like Dayo Adetiloye to help you through the implementation phase of the business plan
BUSINESS DESCRIPTION OF THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
Business: BANKING
Industry: FINANCE
PATILAD Bank is a Lagos based corporation that will provide commercial traditional banking services for its investors in its targeted market. The company was founded by by David Yinka.
As stated above, the company will act in a traditional banking capacity by offering loans, checking accounts, savings accounts and other financial products associated with banks. Mr. Yinka is at this time securing the capital that is required in order to receive a banking license from the Federal Government of Nigeria. The founder is also in the process of acquiring the needed license to operate this business.
At this time, the company is seeking to raise $7,000,000 for the development of the commercial bank’s operations.
Mr. Yinka is seeking to sell an 80% ownership interest in the business in exchange for this capital. 75% of the invested capital will be used for direct investments into the firms investments. Briefly, the capital will be used as follows:
• financing for lending activities
• development of the company’s initial branch
• general working capital
The Benefits of our Products and Services are:
1. World class banking services and products
2. Special periodic training for team members
3. Employment opportunities
4. Development of local infrastructure
5. Accelerating commerce and developing businesses.
OUR PRODUCTS AND SERVICES
The primary service offered by Patilad Bank is the management of checking accounts, savings accounts, and money market accounts. The bank in turn will use these deposits for financing customer loans and for making acquisitions of debt instruments in the secondary markets. The company will provide Visa/Master/Verve branded debit cards that can be used in any ATM or at stores that accept POS payments. At all times, the company will comply with the myriad of Federal, State and Central Bank regulations that guide the operation of thrifts, trusts and financial companies.
KEYS TO SUCCESS
For the smooth and effective running of the banking industry business plan in Nigeria, the following keys to success are to be followed strictly;
– Maintain a highly motivated and experienced team of staff.
– Creation of flexibility during bank account opening
– Creating an enabling environment for customers
– Development of diverse products and services
– Establishing an online presence
– Ease of use of our debit cards
– Ensuring a customer – centric company culture
BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
OBJECTIVES OF THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
The objectives of the banking industry business plan in Nigeria are as follows:
– To open multiple branches in every state and city in Nigeria
– To create products and services that will ultimately exceed the expectations of our customers
– To establish our brand in the heart of every Nigerian
– To achieve net profit in year one, increasing in year two, by containing costs and meeting sales targets
– To achieve net profit of $12,000,000 in our fourth year.
GOALS OF THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
The following goals have been set for the banking industry business plan in Nigeria;
– To be a premier bank in and around Nigeria
– To be able to break even by the end of our first year
– To employ not less than 1000 Nigerians in our fourth year
VISION FOR THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
Our vision for the banking industry business plan in Nigeria is; To be the very best in the banking industry, and provide the highest possible value for our customers/clients money/investments
MISSION FOR THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
Our mission for the banking industry business plan in Nigeria is: Giving our customers the highest possible value for every penny spent, and not only that; but to represent an agent of wealth creation and mentorship as far as our customers are concerned. Ultimately, our mission is to stand in the gap for our customers and to make them know that they matter, in every step of our journey in partnership.
MANAGEMENT TEAM OF THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
The management team of the banking industry business plan in Nigeria is made up of these persons;
DAVID YINKA: Patilad Bank was founded by Mr. Yinka, who has more than twelve years experience in the banking industry, having worked for a leading commercial bank in Nigeria. Through his expertise he will be able to bring the operations of the business to profitability in its first year of operations.
DAYO ADETILOYE: ( B.AGRIC, MBA, and PMP). He has over fifteen years of extensive experience in business management, business start – up dynamics, financial management of business and overall business growth and development. He is an alumnus of the Enterprise Development Centre(EDC), of The Lagos Business School(LBS), Pan African University(PAU). He is our business development strategist and also a strategic partner of the company.
We brought to this business;
– Educational skill and practical experience in the banking industry
– The capacity to consistently deliver outstanding services
– Quality assured standards
– An excellent knowledge of the industry with a sound understanding of the market trends
– Our staff brings educational, promotional, technical, organizational and marketing skills to the business
MANAGEMENT EXPERIENCE GAINED FOR THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
With over twelve years of extensive experience in the banking industry, and also through numerous exposure to both the practical and technical aspects of services, I have been able to master the technical requirements, financial management, staff recruitment, and organizational skills among other necessary factors which are required to give us a good commendation and quality referrals from our customers. My managerial skill has also been useful in putting together a strong workforce for over two years, and also to coordinate the teamwork in most aspects of the company. I am the CEO of the company responsible for overseeing the day to day activities of the company
MATERIALS AND EQUIPMENTS REQUIRED FOR THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
The following materials and equipments are required for the banking industry business plan in Nigeria:
Offices, banking Hall, ATMs, office equipments, electric power generator set, clerical materials and tools, company vehicle, and so on.
BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
COMPETITOR ANALYSIS FOR THE BANKING INDUSTRY BUSINESS PLAN IN NIGERIA
We receive a lot of customers due to the following reasons:
– An enabling environment.
– Quality products and services
– A customer – centric company culture
– Prompt and effective service delivery
– Ease of banking system in operation
Our three main competitive advantages are:
1. Quality products and services
2. An enabling environment for our customers
3. A customer – centric company culture
To access the complete part of this banking industry business plan in Nigeria, along with its detailed and accurate financial analysis, contact any of our business consultant on: 08105636015, or 08076359735, or send an email to; dayohub@gmail.com
We help institutions, business organizations and individuals to write business plans and business concept notes, and also conduct trainings and seminars on business plan writing.
Let us help you write an efficient, detailed and wining business plan in Nigeria for any use. contact any of our business consultant on: 08105636015, or 08076359735, or through email using dayohub@gmail.com as recipient
MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
This sample mutual fund industry business plan in Nigeria can be used for government and non – government business grant applications, for bank loan applications, for writing of business proposals, to write business concept notes, for business grant competitions, other competitions and so on. The mutual fund industry business plan in Nigeria is a very lucrative business idea with huge prospects for success, and it will require a lot of strategic planning to start. You will need the backing and expertise of a professional business consultant in Nigeria like Dayo Adetiloye to help you in implementing the business plan effectively
BUSINESS DESCRIPTION OF THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
Business: MUTUAL FUND
Industry: FINANCE
PATILAD Inc. is a Lagos – based corporation that will provide investments into marketable securities on behalf of its investors. The company is registered with the Corporate Affairs Commission. Patilad Inc. was founded by Yemi Akinbolaji, and is in the mutual fund industry to make profits. It will do all that is allowed by the law of Nigeria to achieve all its goals and company’s objectives
Mr. Yemi is seeking to raise $10,000,000 from a number of investors through a private placement offering that will be used to make investments into publicly traded companies. The financing will basically be used for the following:
√ Development of the company’s mutual fund location
√ Financing for the first six months of operation
√ Financing for the investment to be made for the mutual fund
Mr. Yemi expects a strong rate of growth at the start of operations.
The financial services sector has become one of the fastest growing business sectors in the Nigerian economy.
Computerized technologies allow financial firms to operate advisory and brokerage services anywhere in the country. As the company intends to operate an open – ended mutual fund, any person will be able to make an investment into the business’ fund.
The Benefits of our Products and Services are:
– Availability of first class mutual funds services
– Economic development and growth
– Employment opportunities for so many people
– Availability of funding for start ups and businesses.
OUR PRODUCTS AND SERVICES
The company, through its open – ended mutual fund, will manage investments into marketable securities including stocks and bonds that are traded within Nigeria. At this time, management is seeking to retain a qualified securities law firm that will draft the company’s N – 1A filling along with other appropriate fillings so that the business can acquire its custodial accounts and begin soliciting capital from the general public. The mutual fund will generate assets under management fees equal to 2% of the total assets that are in the mutual fund.
KEYS TO SUCCESS
The keys to the success of the mutual fund industry business plan in Nigeria are as follows:
– The business will hire a number of highly educated investment professionals that can provide insight into the economic viability of any business that is reviewed by the mutual fund for a potential investment.
– The company intends to develop a marketing campaign that will attract both investors and potential investment companies to the brand name of the firm.
– The company will maintain a highly informative website showcasing the operations of PATILAD Inc.
– Maintaining a highly competitive pricing system
– Maintaining a team of dedicated and motivated staff
OBJECTIVES OF THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
The objectives of the mutual fund industry business plan in Nigeria are as follows:
– To develop relationships with brokers throughout the country
– To develop a strong presence among other mutual funding companies
– To remain within the letter of law regarding the advertisements and marketing campaigns carried out by the company
– To establish strong online presence and stay relevant
– To establish our brand in major cities in the country
– To achieve net profit in year one, increasing in year two, by containing costs and meeting sales targets.
GOALS OF THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
The goals that have been set for the mutual fund industry business plan in Nigeria are as follows:
– Establishment of various branches in major cities in the country
– To continue to grow our network in the industry
– Setting the pace for mutual funds services in Nigeria
– Creation of employment for at least 200 people
VISION FOR THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
Our vision for the mutual fund industry business plan in Nigeria is: To be a premier mutual fund company in the country
MISSION FOR THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
The mission for the mutual fund industry business plan in Nigeria is; To develop the company into a premier asset management firm that uses proprietary market research to determine the best companies for investment within the country.
MANAGEMENT TEAM OF THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
The management team of the mutual fund industry business plan in Nigeria is made up of the following people:
YEMI AKINBOLAJI: He is the founder and owner of the company, and has more than twenty years experience in the mutual fund industry having worked for a leading mutual find company in Cameroon. Through his expertise, he will be able to bring the operations of the business to profitability in its first year.
DAYO ADETILOYE: ( B.AGRIC, MBA, and PMP). He has over fifteen years of extensive experience in business management, business start – up dynamics, financial management of business and overall business growth and development. He is an alumnus of the Enterprise Development Centre(EDC), of the Lagos Business School(LBS), Pan African University( PAU). He is our business development strategist and also a strategic partner of the company.
We brought to the business;
– Educational skill and practical experience in the mutual fund industry
– The capacity to consistently deliver outstanding services
– Quality assured standards
– An excellent understanding of the industry and market trends
– Our team brings educational, technical, management, operational and marketing skills to the business
MANAGEMENT EXPERIENCE GAINED FOR THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
With over twenty years of extensive experience in the mutual fund industry, and also through numerous exposures to both the business and practical aspects of services, I have been able to master the technical requirement, financial management, staff recruitment and organizational skills, among other things which are necessary to give us a good commendation from our clients/customers. My managerial skill has also helped me in putting together a workforce for over four years and also to coordinate the teamwork in most aspects of the company. I am the CEO of the company, and I will be overseeing the day to day activities of the company
MATERIALS AND EQUIPMENTS REQUIRED FOR THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
The following materials and equipments are required for the mutual fund industry business plan in Nigeria;
Office building, office equipments, clerical tools and materials, electric power generator set, licence and permits, company vehicle and so on.
COMPETITOR ANALYSIS OF THE MUTUAL FUND INDUSTRY BUSINESS PLAN IN NIGERIA
We get a lot of patronage for our products and services for the following reasons:
– Quality assured standards
– Modern solution and technology
– A customer – centric company culture
– First class mutual fund services
Our three main competitive advantages are;
1. Quality assured standards
2. First class mutual fund services
3. A customer – centric company culture
For the remaining part of the mutual fund industry business plan in Nigeria, with its detailed financial analysis, contact any of our business consultant on; 08105636015, or 08076359735, or send an email to dayohub@gmail.com
We help institutions, organizations and individuals in writing business plans and business concept notes, and also organise trainings and seminars for writing of business plans
We can help you prepare a qualitative, comprehensive and strong business plan in Nigeria for any use. Simply contact any of our business consultant on: 08105636015, or on 08076359735, or you can send us an email on dayohub@gmail.com.
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