How to Answer Youth Entrepreneurship Support (YES) programme Questions by Buhari Government
DESCRIBE YOUR IDEA OR BUSINESS IN DETAIL, INCLUDING A DESCRIPTION OF YOUR PRODUCTS OR SERVICES (Not more than 250 words)
(1/250)
- This is the first encounter with your business idea and you must provide as many details as possible. It is a summary of your work in this application. That is why you need 250 words to explain it.
- This is where 40% of the decision will be made. The next 40% will be your financial details and the rest takes 20%.
- These 250 words must contains the following:
- Business description 2. Location 3. Management 4. Operations 5. Competition 6. Challenges 7. Why you need the loan and how much.
In this report, I will be giving a life sample on poultry.
Here is a life sample of the 250 words.
Description:
Patiladwonder Farms is a poultry business. We raise Birds for meat and produce eggs.
With over 100 Million consumers in the country who buys poultry products on daily basis, the market is always there
We supply meat and egg to different quick service restaurant in south west Nigeria.
Location:
The farm is located in Ekiti state, Nigeria
Management:
I have over 12 years’ experience in poultry farming and i have a Bachelor of Agric from Obafemi Awolowo University, Ile Ife.
Mrs Oni has Masters in Business Administration. He will be a technical and strategic partner in the business.
Operations:
My farm will be open for sale between 8 am to 6pm Mondays to Saturdays for customers to buy our products which are eggs and chickens.
We will stock
- Day-old-chicks (DOC), and
- Point-of-Lay(POL) birds.
Layers will be reared on Deep litter system and Battery Cage system.
Starting with POL, these are birds in their fourteen to twenty weeks of Age,(birds often start dropping their first egg from 22weeks to 24weeks of age).
Competition:
My competitors are
Ministry of Agric Farms.
Oatzealee Poultry Farm, Iyin-Ekiti
Moyinoluwa Poultry Farm Ido-Ekiti
Challenges:
Capital for expansion of this business.
Why I need the Loan and amount:
I need N5million loan. With this, I will expand this business and employ minimum of 20 people and make N10million sales in the 1st 12month.
Business Sector: Pick as appropriate
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Is the Business Registered? As a matter of fact, we advise you register your business with CAC if you are interested in applying for loan and grants opportunities like this.
We can help you do it in my organisation and you get it within Two weeks. The price is N30,000. Call Adejumobi on this no now: 08144382968
If your business is not registered, you can still apply.
Years in Business: (Put as appropriate)
Are you still in paid employment? (Put as appropriate)
State of Business Location (Put as appropriate)
Geo Political Zone (Put as appropriate)
Designation (Put as appropriate)
Total Number of Employees : Put as appropriate for existing business, project into what you need for new business
Seed Capital: Tell us how much i.e the money you started the business with. For new business, you must still put a figure here.
Sources of Seed Capital: you can chose as appropriate. Family and friends, grant, loans, personal savings.
Annual Turn Over Last Year: This is the total amount you sold last year. Say it as it is. For new business, you project into the future.
Annual Profit Last Year: Profit = sales – Expenses. Do the math and tell us.
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Additional Information 250 WORDS
Additional Information 250 WORDS
– This programme is so unique in that they require you to give detailed explanation for each question. So 250 words has been given to you to supply your answers.
The Implications:
– They expect detailed information,
– Be exact with words and your industry terminologies,
– Demonstrate industry knowledge and awareness of your business environment,
– Be specific with your Points. Don’t say too many stories that have no focal point.
– Make it easy for them to pick out your strong points.
WHAT IS UNIQUE OR INNOVATIVE ABOUT YOUR IDEA OR BUSINESS? WHAT IS NEW OR DIFFERENT ABOUT YOUR PRODUCTS OR SERVICES? 250 WORDS
– You have to think very well before writing this and ensure you have unique and innovative captions to discuss here.
e.g for our poultry example:
- Feed formulation- High feed to meat conversion ratio
- Online delivery system
- Unique customer care system
- Big egg size production
- All year round delivery system
- Egg powder packaging
- Manure drying and packaging etc.
List your points and explain them. That is the essence of the 250 words. We want to know if you really know what you are saying.
DESCRIBE YOUR MARKET – WHO WILL YOU BE SELLING YOUR PRODUCTS OR SERVICES TO (INCLUDING SIZE OF THE MARKET)?
– You also need 250 words here.
Do a profiling for your customer. Who are they? If you don’t know them, you cannot sell to them. Where do they live? What kind of place do they visit? What do they like in terms of colour, size etc. and tell us the size of the market.
e.g for the poultry sample,
My market are the population in south west which is estimated to be over 50 million people. Their meal is not complete without poultry products.
WHO ARE YOUR CUSTOMERS AND HOW WILL YOU REACH THEM?
For poultry
1.Restaurant. 2. Friends. 3. Eatries. 4 Families 5 Food processing companies.
I will reach them by:
- Develop strong relationships with customers.
- Word of mouth from satisfied customer
- Signing Agreement with food and restaurant companies.
- Online marketing though company website with a blog, social media marketing like facebook page and ads, Google ads.
- Advertisements in local newspapers and magazines
MENTION YOUR TOP FIVE COMPETITORS
Just mention them and profile them.
e.g
Obasanjo Farms Nigeria Limited
KM 5, Idioroko Road, Behind Otta general Hospital, Abeokuta, Ogun State
0805505017, 0805509515
Nigerian foremost food service provider for supply of frozen chicken and fresh eggs.
W+HAT MAKES YOUR PRODUCTS OR SERVICES BETTER THAN YOUR COMPETITORS (YOUR COMPETITIVE ADVANTAGES, IF ANY)?
-List them and explain, you can get that from your uniqueness and innovation above.
WHAT SKILLS AND / OR EXPERIENCES DO YOU HAVE TO ENABLE YOU SUCCESSFULLY MANAGE THE BUSINESS?
-Use 250 words to profile yourself and your experiences and others that will help you in the business. List the various skills you have , that you have acquired professionally or from your previous work that is relevant to your field of business.
e.g
I have 15 years experience in Poultry Farming.
I have B. Agric from Obafemi Awolowo University Ile-Ife.
I have master in business administration MBA from same school.
I have certificate in enterprise management from the Entreprise Development centre EDC of the Lagos Businesss School, Pan Atlantic University where I learnt business managent, business planning, strategic planning.
I have project management professional skill.
I am in charge of strategy planning for the business.
I also have others that will work with me . Adejumobi Oyebade with over 20 years experience in poultry farming. He is in charge of operations of the business.
WHAT RISKS DO YOU ANTICIPATE THAT MAY AFFECT THE SUCCESS OF YOUR BUSINESS AND HOW CAN YOU MITIGATE THESE RISKS?
-List the risk and explain how you will mitigate them
Security:- Chickens and Eggs can be stolen if without proper monitoring
Lack of finances: Purchase of feeds takes 70% of the money for poultry. And it must be available.
Diseases:
Pneumonia and bird flu are among diseases faced by poultry farmers, but this problem can be solved by seeking a veterinary doctor involvement early at the start-up phase of the business.
HOW MUCH HAVE YOU INVESTED IN YOUR BUSINESS, IF ANY?
-You must put something even if you are just starting the business
– If you are applying for N5 million loan, it will be ok if you said you have invested N500,000
HOW MUCH FINANCING ARE YOU LOOKING FOR? DESCRIBE WHAT YOU WILL DO WITH IT.
– Here, you also need to use 250 words.
-Depending on the amount you want to apply for, ensure you list into details what you want to buy with the money.
Note: When you send your work for review, we will be able to look at this aspect critically because the financials is 40% mark of the whole work
IF YOU PROJECT YOUR COMPANY IN THE NEXT FIVE YEARS, WHERE DO YOU SEE IT?
– This has to do with vision, mission, goals and miles stone of your business. You can also put success factors there. And you will use 250 words.
e.g
VISION
To be among the first 5 largest Poultry Farm in southwest Nigeria in the next five year.
MISSION
- To give our customer the very best product and customer service so that we may earn your trust and future business.
OBJECTIVES
- Increase revenue from the sales of egg and meat to N100,000,000 over 5 years
- To maintain profit margins at 20-25% through close attention to expenses and cost of poultry production
KEYS TO SUCCESS
- Financial stability for purchase of feed.
- Low operating cost
5 YEARS MILE STONE
– Purchase of 250 plots of land
– Purchase of Farm bus etc.
– Employment of 100 people
– Expansion to 5 major locations
HAVE YOU ACCESSED ANY LOAN? Yes No
– Put No if you have not. Put yes if you have
ENTER LOAN AMOUNT
Professional Qualification
ANY PROFESSIONAL QUALIFICATION OR TRAINING ATTENDED? (GIVE DETAILS)
Put as appropriate
ANY PREVIOUS SCHOLARSHIP? (GIVE DETAILS)
Put as appropriate
HOW DID YOU OBTAIN INFORMATION ABOUT THE PROGRAM?
Put as appropriate
Do you have Computer/Internet Skills? What software application can you use?
Put as appropriate
-Please, you must be able to operate a computer. It is most likely you do part of your training online.
– Have your gargets ready e.g a phone that is connected to internet. They call it smart phone. Have access to the intenrt 24/7 . You can also use modem connected to your laptop. By the way, I sell MTN, Etisalat and Airtel data to browse. You can see our cheap prices below at the advert session.
That is all about the questions of the
Youth Entrepreneurship Support (YES) programme
How we can work together in YES Programme
YES programme is a very professional business Loan competition that requires all the intelligent guide you can get along the way.
Step 1: Use this free e-book to answer the questions
Step 2: If you need a researched work for your industry. Like the poultry sample we use in this report.
It is a specific workbook that answer all the questions for your industry. You just edit and submit
Cost: N10,000
We have for all the business sector profile in YES programme. Atmost you get it in two days for your sector.
Step 3: Send your work for Expert review. When you finished your writing, we can help you review your work for a token of N5,000.
We correct your errors/mistakes.
We recommend this even if you use the specific work book.
Step 4: Professional write up. We can do that for you upon request, but the price is usually professional and negotiable.
It means, we help you write everything for your company but there are some basic information you will supply to profile your company.
How to Answer Youth Entrepreneurship Support (YES) programme Questions by Buhari Government
How to pay for any of the services or products
Step 1
You can make cash Payment or Online/ATM transfer or USSD Code Transfer to any of these bank accounts and follow the instructions thereafter .::
- 1. Bank: GT BANK
Account Name: Adetiloye Adedayo Patrick
Account Number: 0037218392
Account Type: Savings
- 2. Bank: ACCESS BANK
Account Name: Adetiloye Adedayo Patrick
Account Number: 0033807847
Account Type: Savings
- 3. Bank: FIRST BANK
Account Name: Adetiloye Adedayo Patrick
Account Number: 3087803393
Account Type: Savings
- 4. Bank: DIAMOND BANK
Account Name: HUNDRED AND FIVE ACADEMY
Account Number: 0041562713
Account Type: Current
Step 2
After making the payment, make sure you send your payment details to me through SMS or Whatsapp to: 08060779290 or 08174584556 and/or email to: dayoadetiloye@gmail.com . The subject of the email should be “YES Programme”. or BBM PIN : 58ECE9AC
The payment details you are to send are:
- Your Full Name
- Bank paid to
- Amount paid
- Your Phone Number
- Your email address
- The Product or services requested for
e.g Remi Adams, Diamond Bank, Online transfer, N20,000, 08060779290, remiadams@gmail.com, (poultry specific and education specific ebook)
Your product (specific ebo0k) will be delivered to your e-mail in less than 24hrs if available or 48 hrs if we will just prepare it.
To review your work, copy your questions and answers in Microsoft word and send it to dayoadetiloye@gmail.com and make your payment.
Your review will be delivered to you in 48-72hrs
Note:
Working with you does not guarantee that you will be selected.
This is the first edition.
After we have done our own part, you still need to pray and trust God to be selected.
To access any of the products / services
Call/Whatsapp- 08060779290, 08174584556
Or send an e-mail to dayoadetiloye@gmail.com
BBM PIN: 58ECE9AC Bottom of Form
How to Answer Youth Entrepreneurship Support (YES) programme Questions by Buhari Government
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