RESEARCH AND DEVELOPMENT BUSINESS PLAN IN NIGERIA
Research and Development Business Plan in Nigeria
This sample Research and Development Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Research and Development Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Research and Development Business Plan in Nigeria
Business: RESEARCH AND DEVELOPMENT
Industry: CONSULTING (Research and Development Business plan in Nigeria)
PATILAD LTD specializes on providing advice on a diverse range of issues relating to the physical and social sciences. We are engaged in conducting research and analyses and experimental development in the physical, engineering and life sciences, such as agriculture, electronics, environmental, biology, botany, biotechnology, computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, pharmacy, physics, veterinary and other allied subjects. PATILAD LTD is a registered and licensed research firm that will be based in Ogudu, Lagos.
We are a professional service firm offering leading edge business research, management, training, Research and Development to clients in the federal government, state agencies, local government and private sector. We also conduct research and analyses in cognitive development, sociology, psychology, language, behavior, economic and other social science and humanities research. Over the years, we have established a proven track record of successfully translating innovative thinking into compelling concepts which has put our clients’ way ahead of competition, serving them through a core team of professionals supported by a high-quality network of associates in industry, business, academia with an unmatched combined experience and skill base. Our clients will include large and small companies in the private sector; Federal, State and local government agencies; institutions, such as hospitals, universities, unions and non-profit organizations; and foreign governments or businesses.
PATILAD LTD employs a multidiscipline staff of scientists, engineers and other technicians with applied expertise in various areas. In Agriculture, we advise on different farming techniques or machinery that increases agricultural production. In Economics, we develop forecasting models and advise clients about the potential for a recession or an increase in interest rates that could affect business decisions. We look at a business as an integrated, cohesive whole and help make big decisions: on research performance. At Patilad Ltd, we strive hard to make a difference in all we do. We select people with integrity, intelligence, passion and the ambition to make a mark. Here, creativity, intellectual curiosity and fulfilment are as important as results.
The Census Bureau’s most recent data indicates that there are approximately 137,063 firms within this industry. According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 10.10 percent. This shows that the business is thriving and we are ready to compete favorably in the market. We are aware that businesses these days require diverse and sophisticated research services. This is why we will position our research firm to offer a wide range of services as requested by our clients. Our client’s best interests come first, and everything we do is guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
At PATILAD LTD, we have smart and intelligent members of staff that are very passionate about value-added services. Every service on offer is tailored to meet specific needs of businesses and governments. We differentiate our services from our competitors, blend our rich talents and bring high energy and enthusiasm to every experience we undertake. Our employees have decades of academic, professional and entrepreneurial experience and knowledge at their disposal.
PATILAD LTD will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. Our team brings in-depth experience as organization performance effectiveness experts. Our methodology of providing strategic, fast and workable solutions has shaped us into a result driven organization.
Our products and services
PATILAD LTD specializes on providing advice on a diverse range of issues relating to the physical and social sciences. We are engaged in conducting research and analyses and experimental development in the physical, engineering and life sciences, such as agriculture, electronics, environmental, biology, botany, biotechnology, computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, pharmacy, physics, veterinary and other allied subjects.
We also conduct research and analyses in cognitive development, sociology, psychology, language, behavior, economic and other social science and humanities research. We have experts who are experienced, well trained and keep our clients abreast of the latest technologies, government regulations and techniques.
Keys to Success
The keys to success for the business include:
- A group of professionals with a broad range of specialty areas that complement each other.
- A team approach on most environmental and consulting projects.
- Strict financial records.
- A high level of experience in these specialty areas.
Objective for Research and Development Business Plan in Nigeria
- To offer high-quality services at reasonable prices.
- To satisfy the needs of our target market and support our company goals within 12 months.
- To achieve net profit of $60,000 in three years.
- To maintain profit margins at 20-25% through close attention to expenses and cost of our services.
Goal for the Research and Development Business Plan in Nigeria
PATILAD LTD aims to offer comprehensive environmental services. We will focus on providing personal and specialized services to meet each client’s specific needs. We intend to be one of the best in the Nigeria in the next 5 years.
Vision for the Research and Development Business Plan in Nigeria
To be the firm of choice for discerning organizations, served by exceptional people engaged in exciting, challenging, and high-impact work, in a rewarding and inspiring environment.
Mission for the Research and Development Business Plan in Nigeria
PATILAD LTD’s mission is to facilitate client success by delivering creative and high impact business and management solutions based on our distinctive knowledge, skills and insight.
Management Team of the Research and Development Business Plan in Nigeria
BOLAJI Williams –He has over 10 years’ experience in the research industry having worked with several research firms and agencies. He holds a master’s degree in Programme and project management from the University of Uyo. He has a postgraduate Diploma in Strategy and Innovation from Lagos Business school. He also has ample experience in the area of Environmental consulting.
Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Educational skill and practical experience in Research and Development
- Capacity to consistently provide outstanding service.
- Quality processed product and good understanding of the market trend.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Research and Development Business Plan in Nigeria
With over 20 years’ experience in Research and Development industry and numerous exposure to both the scientific and practical aspect of the business, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for Research and Development Business Plan in Nigeria
Office Space, copiers, fax, file, cabinets, craigslist, tax software, business cards, letterhead, Furniture, envelopes, telephones, etc.
Competitor Analysis for Research and Development Business Plan in Nigeria
People buy from us because of the following reasons:
- Consistent quality service.
- Effective customer care service.
- Core Professional and highly qualified staffs.
- Fair and best possible prices and discount offers.
Our three major competitive advantages are:
- Consistent quality service.
- Core professional and highly qualified staffs.
- Fair and best possible prices and discount offers
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- 2018 YALI RLC Online Cohort 9
- 2017 Fellow, Inspire Africa Train-the-Trainer Entrepreneurship programme sponsored by US Consulate Lagos and the Dickey Center, U.S.A.
- 2016 Fellow, Tony Elumelu Foundation Entrepreneurship Programme
- 2015 Top 50 Innovative Entrepreneurs, BET5 by Diamond Bank and EDC, PAU.
He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.
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