[quote author=omode2][/quote]
yeah

Mftivi: Name five of your existing or expected top
customers, How will you attract these customers
to your point of sale?
I need more explanation of this question. my customers are established business and services in Nigeria.
do I write their names one by one? I hope someone understands my question

You are expected to write the kind of people that will need ur product/services mostly. For instance,you produce biro n books, ur expected customers are Students,Schools,Corporate organizations,NGO ,Government etc Those dat mostly need ur product or service and those that will definetely patronize u.

newacca:
You are expected to write the kind of people that will need ur product/services mostly. For instance,you produce biro n books, ur expected customers are Students,Schools,Corporate organizations,NGO ,Government etc Those dat mostly need ur product or service and those that will definetely patronize u.

I must confess that question left me a little stumped too. Say I sell to retailers and also retail my products myself, who then do I list as my top 5 customers....my retailers or end users?

Tayeni: I must confess that question left me a little stumped too. Say I sell to retailers and also retail my products myself, who then do I list as my top 5 customers....my retailers or end users?

The question is based on who are the kind of customers that mostly need the kind of product you retail.
If you retail seasoning,fish,pepper,rice then your top customers will be Restaurant,Women,Hostel,Caterers. You see they are in different categories. Restaurants need your product for their kitchen, Women need ur product for domestic cooking, hostel need ur product for cooking for hostel students, Caterers need your product for preparing dishes for outdoor events.

Pls, what is meant by localised presence or distributor network

am i the only one who feels 50 words is too small?

Anyway 3/10....

mkmyers45: am i the only one who feels 50 words is too small?

It is just perfect.

blink182: It is just perfect.

depends on the business....seems largely limiting, also the questions about potential customers should actually be about market and segmentation in market.

mkmyers45:

depends on the business....seems largely limiting, also the questions about potential customers should actually be about market and segmentation in market.

fifty words is ok. Considering the number of candidates. It forces you to be straight to the point without rambling on. Just state your concept succinctly with appropriate words.

Tayeni: fifty words is ok. Considering the number of candidates. It forces you to be straight to the point without rambling on. Just state your concept succinctly with appropriate words.

Thank you, you totally get the purpose of it all.

pls i am interested in the youwin program. i am writing my proposal right away. pls send me the questions for the first stage to my email: chinnybekwe@gmail.com. thanks in advance

Tingle22: pls i am interested in the youwin program. i am writing my proposal right away. pls send me the questions for the first stage to my email: chinnybekwe@gmail.com. thanks in advance

As in, are u serious?

newacca:

As in, are u serious?

you got time to waste.

What criteria is used to select applicants through the second stage?

What amount of sales, in Naira per month, must you achieve to reach profitability?

Does it mean break-even point per month?

newacca: What amount of sales, in Naira per month, must you achieve to reach profitability?

Does it mean break-even point per month?

any amount above your production cost and salaries results in profitability.

If your monthly cost is 50k, 51k puts you in profitability of 1k. Solving the maths is a bit complex but this is basically it.

I hope you know how to sum your production cost.

mkmyers45:

depends on the business....seems largely limiting, also the questions about potential customers should actually be about market and segmentation in market.

ignore the complexities and just list potential customers.

mkmyers45: am i the only one who feels 50 words is too small?

Yes, but it helps in controlling my story .

blink182: any amount above your production cost and salaries results in profitability.

If your monthly cost is 50k, 51k puts you in profitability of 1k. Solving the maths is a bit complex but this is basically it.

I hope you know how to sum your production cost.

Is it basically per month or depends on what the company chooses (like per year, quarterly, or monthly).

Mine is a service biz. Have problems with structuring the productn cost to get expected sales and profitability? Can anyone help?

Promhize:

Is it basically per month or depends on what the company chooses (like per year, quarterly, or monthly).

the question is asking for monthly profitability so you make your calculations based on monthly analysis.

chizzybee: Mine is a service biz. Have problems with structuring the productn cost to get expected sales and profitability? Can anyone help?

your sales is based on assumption. So if your service is a car wash and you assume you can wash 10 cars daily @ N500 each, your monthly sales should be N5000 * 24 days =N120,000.

Production cost for this business is whatever amount you have to spend monthly to keep the business going; salaries, contingencies, soap, water, rent etc.

Any form of machinery purchased is fixed capital and not recurrent, only figures from your recurrent list makes production cost.

blink182: any amount above your production cost and salaries results in profitability.

If your monthly cost is 50k, 51k puts you in profitability of 1k. Solving the maths is a bit complex but this is basically it.

I hope you know how to sum your production cost.

Thx 4 d response. I've actually figured out my production cost and I've known how much profit. The question seems logical to me As par the 'must' included in d question. Is it putting me in a position of targeted goal(profit) or d question is just to knw my break-even point. Cos me wan add my cash break-even point+only 1k. Cos any amount above my BEP puts me in a profit position.

newacca:
Thx 4 d response. I've actually figured out my production cost and I've known how much profit. The question seems logical to me As par the 'must' included in d question. Is it putting me in a position of targeted goal(profit) or d question is just to knw my break-even point. Cos me wan add my break-even point+only 1k. Cos any amount above my BEP puts me in a profit position.

exactly, I'm personally willing to pull out only my salary which is included in cost. If you calculate your production cost properly, even N5 above it is profit.

Blink182 pls can u send me ur email, i want to discuss something with u. Mine is ikanason@yahoo.com or u can send it to my number 08032761132. Thanks

ikanason: Blink182 pls can u send me ur email, i want to discuss something with u. Mine is ikanason@yahoo.com or u can send it to my number 08032761132. Thanks

I sent you a personal message.

blink182: your sales is based on assumption. So if your service is a car wash and you assume you can wash 10 cars daily @ N500 each, your monthly sales should be N5000 * 24 days =N120,000.

Production cost for this business is whatever amount you have to spend monthly to keep the business going; salaries, contingencies, soap, water, rent etc.

Any form of machinery purchased is fixed capital and not recurrent, only figures from your recurrent list makes production cost.

Thanks for all the help. God will certainly reward you IJN.

trillville:

Thanks for all the help. God will certainly reward you IJN.

Amen, I need prayers now more than any other thing.

blink182: Amen, I need prayers now more than any other thing.

Abeg put me for the prayer too...Thank you in advance

fagin1982:






Abeg put me for the prayer too...Thank you in advance

Lol

Hi everyone! I pray dat as we all try to better our lives tru gainful self employment, dat God will have mercy on us and see us tru. In Jesus Christ Name, Amen. Pls my question is, can a graduate apply? And must it be agro-based. I checked out past winners, most are agro-base proposals. Thanks