TELECOMMUNICATION RESALE BUSINESS PLAN IN NIGERIA

Telecommunication Resale Business Plan in Nigeria

This sample Telecommunication resale Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. telecommunication resale Business 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 telecommunication resale Business Plan in Nigeria

Business: TELECOMMUNICATION RESALE

Industry: Telecommunication (telecommunication resale Business plan in Nigeria)

PATILAD Communication Firm based in Lekki, Lagos State is a new thriving telecommunication outfit with the sole aim of providing unrivaled wired and wireless telecommunications services to businesses and households. The Telecommunications Resellers industry, which comprises companies that purchases and resell access and network capacity, experienced solid growth over the five years to 2017. The transition from wired telephony to wireless has led to a decrease in demand for wired services and a transition to wireless communications, mirroring the overall telecommunications sector. In addition, wireless resellers, or mobile virtual network operators (MVNOs), have found themselves competing more on price than service offerings due to the homogenized nature of industry services. Demand is driven by consumer spending, growth in business activity, and new technology. The profitability of individual companies depends on efficient operations and good marketing and customer service. Large companies enjoy economies of scale in purchasing telecommunications services to resell. Smaller companies can compete effectively in niche geographic markets. Telecommunications resellers offer services at lower prices and with more flexible plans than traditional carriers because they obtain bulk access to networks at wholesale rates and set retail prices independently. The Nigerian telecommunication sector is the largest segment of the Information and Communication sector. Nigeria has one of the largest telecom markets in Africa. The Nigerian Telecommunication sector has evolved over the years to an oligopolistic market structure (a small number of firms have the majority of market share). The sector includes a strong multinational presence.

The sector over the years has contributed immensely to Nigeria’s economy and the lives of Nigerians. The advancement of mobile phone usage from basic phone telephony to new enhanced services and the introduction of new technology within diverse sectors of the country have seen the sector grow massively. The sector has experienced rapid growth and helps in e.g. easier banking services (bank mobile apps) and access to e-learning platforms to Nigerians.

We at PATILAD COM intend to be among those dominating the resale of telecommunications in Nigeria. The market is a very lucrative one as lots of competition is seen amongst major telecom owners.

Problem Statement:

Despite the growth and importance of the telecommunications sector in Nigeria, there are still several challenges and areas for improvement. These challenges affect both the industry players and the consumers, ultimately impacting the overall growth and development of the sector and the economy at large.

Infrastructure Deficiency: One of the primary challenges faced by the telecommunications sector in Nigeria is the deficiency in infrastructure. While there has been significant progress in expanding network coverage, especially in urban areas, rural and remote areas still lack adequate infrastructure for reliable telecommunications services. This digital divide hampers access to essential services such as healthcare, education, and economic opportunities for millions of Nigerians.
Quality of Service: Despite the growth in the sector, the quality of telecommunications services remains a concern. Issues such as dropped calls, poor internet connectivity, and network congestion are common complaints among consumers. This not only leads to dissatisfaction among users but also hinders the adoption of new technologies and digital services that could drive economic growth and development.
Regulatory Challenges: The telecommunications sector in Nigeria operates within a complex regulatory environment, which can pose challenges for both established players and new entrants. Regulatory bottlenecks, bureaucratic red tape, and inconsistent policies can stifle innovation and investment in the sector. Moreover, regulatory issues such as spectrum allocation and pricing disputes can create uncertainties for industry players, hindering their ability to plan and invest in long-term infrastructure projects.
Security Concerns: The telecommunications infrastructure in Nigeria is vulnerable to security threats such as vandalism, theft, and cyberattacks. These security concerns not only disrupt service delivery but also pose risks to the privacy and security of consumers’ data. Addressing these security challenges requires collaboration between industry players, government agencies, and law enforcement authorities to implement robust security measures and deter potential threats.
Market Competition: While the Nigerian telecommunications sector has evolved into an oligopolistic market structure dominated by a few major players, there is still intense competition among operators, particularly in urban centers. This competition often leads to price wars and margin pressures, which can affect the profitability and sustainability of businesses in the sector. Moreover, smaller players and new entrants face barriers to entry, including limited access to capital and resources, which further exacerbate market inequalities.

Solution Statement:

To address the challenges facing the telecommunications sector in Nigeria and unlock its full potential for driving economic growth and development, a multi-faceted approach is required. This approach should involve collaboration between government agencies, industry players, regulatory bodies, and other stakeholders to implement targeted interventions and reforms.

Infrastructure Development: To bridge the digital divide and expand access to telecommunications services, there needs to be a concerted effort to invest in infrastructure development, particularly in rural and underserved areas. This includes expanding network coverage, deploying new technologies such as 5G, and upgrading existing infrastructure to improve reliability and quality of service. Public-private partnerships can play a crucial role in financing and implementing infrastructure projects, leveraging both public funds and private sector expertise.
Regulatory Reform: Streamlining regulatory processes and creating a conducive business environment is essential to foster innovation, competition, and investment in the telecommunications sector. Regulatory reforms should focus on promoting fair competition, ensuring transparency and accountability, and facilitating market entry for new players. This includes revising licensing requirements, spectrum management policies, and tariff regulations to align with international best practices and promote industry growth.
Quality of Service Improvement: Enhancing the quality of telecommunications services requires a holistic approach that addresses network reliability, customer support, and technical expertise. Industry players should invest in upgrading their infrastructure, implementing advanced network monitoring and optimization tools, and training their staff to deliver superior customer service. Additionally, regulatory authorities should establish quality of service benchmarks and enforce compliance to ensure that operators meet minimum standards for service delivery.
Cybersecurity Measures: Protecting the telecommunications infrastructure from security threats requires a multi-layered approach that includes technological solutions, regulatory frameworks, and collaborative efforts between stakeholders. Industry players should implement robust cybersecurity measures, such as encryption, firewalls, and intrusion detection systems, to safeguard their networks and data from cyberattacks. Regulatory authorities should also enact legislation and regulations to combat cybercrime and ensure the protection of consumers’ personal information.
Promoting Innovation and Investment: Encouraging innovation and investment in the telecommunications sector is crucial for driving long-term growth and competitiveness. This requires creating incentives for research and development, fostering a culture of entrepreneurship and innovation, and facilitating access to financing for startups and SMEs. Government agencies can support innovation in the sector through grants, tax incentives, and regulatory sandboxes that allow for the testing and deployment of new technologies and business models.
Collaboration and Partnership: Addressing the complex challenges facing the telecommunications sector in Nigeria requires collaboration and partnership between government, industry, academia, and civil society. By working together, stakeholders can leverage their respective expertise and resources to develop comprehensive solutions, implement best practices, and achieve common goals. Collaboration initiatives can include joint research projects, industry forums, public-private partnerships, and advocacy campaigns aimed at raising awareness and mobilizing support for sectoral reforms.

Products and services for telecommunication resale Business plan in Nigeria

PATILAD COM proposes to offer a variety of services within the scope of the Telecommunication industry in Nigeria. Our intention in starting our telecommunication resale is to work with both smaller organizations including start-ups and also well-established Telecommunication Companies owned by both international and indigenous owners.

We are well prepared to make profits from the industry and we will do all that is permitted by the law in Nigeria to achieve our business goals, aims, and ambition. Our business offerings are listed below;

• To offer high-quality services and a wonderful experience at reasonable prices.

• To create a telecommunication resale whose primary goal is to exceed customer’s expectations.

• To achieve a net profit of $60,000 in three years.

• To develop a client list that includes at least 20 companies, each with revenue of over $3 million.

Keys to Success for telecommunication resale Business plan in Nigeria

· The keys to success for the Telecommunication resale include:

· Aggressive marketing/franchising

· Symbiotic relationship with another industry

· Access to niche markets. Marketing must generate sufficient sales volume to drive an aggressive pricing model while still achieving planned profitability projections.

· Equity capital must be secured at a reasonable valuation.

Objective for Telecommunication resale Business Plan in Nigeria

· To become the market leader in personal communications and unified messaging products and services within five years.

· To become the lowest cost provider and drive an aggressive pricing model through the industry.

· To have the best and most responsive customer service by year-end Year 1.

Goal for the Telecommunication Resale Business Plan in Nigeria

To become one of the leading brands in the telecommunication resale industry in the whole of Lagos, and also to be amongst the top 10 telecommunication resale in Nigeria within the first 5 years of operation.

Vision for the Telecommunication Resale Business Plan in Nigeria

To provide our clients with unrivaled wired and wireless telecommunications services to businesses and households. We strive to handle each matter with accountability and responsiveness, as if we were representing ourselves. We focus our attention on the legal aspects of our client’s business so that our clients can focus their attention on the success of their business.

The mission for the Telecommunication Resale Business Plan in Nigeria

Our mission is to provide professional and trusted wired and wireless telecommunications services to businesses and households that assist businesses and non-profit organizations in operating sustainably. We provide expert legal counsel in combination with our business backgrounds and deliver valuable services in a timely and cost-effective way.

Management Team of the Telecommunication Resale Business Plan in Nigeria

GOWON LEKAN –He has extensive experience in a diverse range of transactional matters, and his legal practice is concentrated in the areas of commercial real estate, commercial finance, construction, and general business contracts. He has a degree in law from the University of Lagos, Akoka, Lagos, and Lagos Business School.

Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of the 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 a strategic partner.

We brought to the business:

– Educational skills and practical experience in the Telecommunication resale business.

– Capacity to consistently provide outstanding service.

– Quality processed products and a good understanding of the market trend.

– Our staff brings operational, marketing, and promotional skills to the business.

Management experience gained for the Telecommunication resale Business Plan in Nigeria

With over 10 years’ experience in the telecommunication resale industry and numerous exposure to both the scientific and practical aspects of law services, I’ve been 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 skills have also helped in putting together a workforce for over 5 years, which will also help me to coordinate the teamwork in most aspects of the company.

I am the CEO of the company overseeing the day-to-day activities of the business.

Materials and Machine for Telecommunication Resale Business Plan in Nigeria

Office Space, copiers, fax, files, cabinets, craigslist, tax software, business cards, letterhead, Furniture, envelopes, telephones, etc.

Competitor Analysis for Telecommunication Resale Business Plan in Nigeria

People buy from us because of the following reasons:

– Consistent quality service.

– Outstanding customer care service.

– Core Professional and highly qualified staff.

– Fair and best possible prices and discount offers.

Our three major competitive advantages are:

1. Consistent quality service.

2. Core professional and highly qualified staffs.

3. Fair and best possible prices and discount offers

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