Adulphus:

YOU HAVE TO KNOW YOUR FINANCIALS, KNOW YOUR COMPETITORS, YOUR MARKET AND MARKET STRATEGY. YOU MUST BE ABLE TO SPEAK GOOD ENGLISH AND BE ABLE TO CONVINCE THEM. THERE ARE 52 PANELIST DIVIDED BY 13 PANELS = 4, SO YOU WILL BE FACED TO DEFEND YOUR PLAN IN THE PRESENCE OF 4 PANELIST. FOR THOSE GOING TO ENUGU, PANEL 11 IS VERY FAIR AND THERE ARE GOOD PEOPLE.

BELOW WAS HOW I BROKE MY FINANCIAL ANALYSIS:
Hi. How much money do you need to implement your business? ii. How will you fund the business? iii. What will the funds be used for? iv. How and/or when will the business make profit? [100 words] Please show a summary of the breakeven analysis.
i. Total Capital = N11,000,000
ii. YouWIN Grant and Family
iii. Capital Cost = 4,400,000 including: The Cost of Machineries = 3,400,000naira
The Cost of Office Equipment and furniture= 300,000 naira
The Cost of Vehicle = 700,000naira

Operating Expenses = 3,300,000
Indirect Cost = 1,820,000
Miscellaneous = 1,480,000
iv. My Business will make profit after month 11 of the Grant Award.

Breakeven Analysis: [NB: 1 unit of my product is sold at 2,700 naira]
BEP in Units = Fixed Cost/Contribution
Fixed Cost = Capital Cost + Indirect Cost + Depreciation
Depreciation = Capital Cost/10years = 4,400,000/10 = 440,000
Fixed Cost = 4,400,000 +1,820,000 + 440,000 = 6,660,000
Contribution = Sales Price – Variable Cost = 2,700 – 1,200 = 1,500
Therefore, my Breakeven Point in Units = 6,660,000/1,500 = 4,440Units
BEP in Naira = 4,440 x 2,700 = 11,988,000
11,988,000/1,100,000 = 10.9 = 11months

ONCE AGAIN KNOW YOUR FINANCIALS BECAUSE THEY WILL ASK YOU HOW YOU WILL SPEND THE MONEY (FINANCIAL PRUDENCY)
GOOOOD LUCK

Nice one but if I counted correctly that's 142 words and I think the BEP' is overrated, what I know is; 'total sales income=total operational cost' at BEP.

Coolkizzy and Bigboyz32 you guyz rock, those who can 'inspite of percieved undue advantage' add values to people's life like that are already a success no doubt...(IJN)

CoolKizzy:
3. Is one allowed to hold a copy of the prepared template when presenting?

Coolkizzy I think now you can answer your own question above.....lol

11,988,000/1,100,000 = 10.9 = 11months
On this line where did 1,100,000 comes from please share light on it

@Aofete, from his analysis, although he didn't state it, he produces about 407 units per month, he sells at 2700, therefore 2700*407=1,100,000

I would have just done 4440/407= 11 months.

(My thinking please)

Please show how you got 407 units per month in calculation

Divide 1,100,000 by the price which 2,700= 407

Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.

May the almighty bless those sharing their experiences.my pastor said that giving out valuable information is like a seed uve sown...that's why brian tracy,sam adeyemi,robert kiyoski,donald trump,john maxwell,sunny success digest will keep excelling in life than those that hoard ideas,information...The same principle of sowing and reaping ,giving and receiving...is applicable here..If you r hoarding ur idea nowahala but please don't discourage others...aradite

Well done guys. Good job sharing ideas. I will be doing mine on 22nd Aug. Pls 4 those that have done, do they have a projector? If u have a software product, will u be asked to demonstrate it?

KappaJ1: Well done guys. Good job sharing ideas. I will be doing mine on 22nd Aug. Pls 4 those that have done, do they have a projector? If u have a software product, will u be asked to demonstrate it?

i would advise you go with a device that can run your software if it is fully designed or the schematics.

you can aslo go with a laptop....remember it is a prsentation to 4 people. a projector might not be feasible. ...my assumptions.

edundayo: Coolkizzy and Bigboyz32 you guyz rock, those who can 'inspite of percieved undue advantage' add values to people's life like that are already a success no doubt...(IJN)



Coolkizzy I think now you can answer your own question above.....lol

Lol, mine wasn't even collected from me, I had title to five of them to use, they were viewing my main application on their laptops.

Denn:

i would advise you go with a device that can run your software if it is fully designed or the schematics.

you can aslo go with a laptop....remember it is a prsentation to 4 people. a projector might not be feasible. ...my assumptions.

thanks bro. I'll go with ur advice.

CoolKizzy:
Lol, mine wasn't even collected from me, I had title to five of them to use, they were viewing my main application on their laptops.

Thanks for this information.

neksummi:

Thanks for this information.

obiscolly:
You guys talking about theft of ideas are just funny, no offense. I can't remember anyone asking for another person's idea since this thread was started up. If you take a step back and look at what's causing this controversy, it's because someone simply asked how the interview went. I'm pretty sure the guy that shared his experience above didn't do away with his business idea, and hasn't in anyway jeopardized his chances. So what are we talking about?!

Have you done your presentation?

Please does anyone have idea how many people they want to take?My friend just finished his interview in enugu today,and the insisted he should bring down the amount he applied for...and he refused..please what are the implications??

Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.....please a good samaritan help out

dstan: Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.....please a good samaritan help out

Haven't done my interview but here's my take on your issue:

- Go with the tax clearance of the previous business.

- Don't know if different businesses owned by the same owner need different TINs (Tax Identification Number) If so, get the TIN for the new business.

- Then go explain the situation to them.

I guess you should be covered with this strategy. All the best.

Mine is in Abuja too 28th.

blink182: Have you done your presentation?

Not yet chief. Mine is exactly 2 weeks from today! 3:00 - 3:40 pm.

Thanks for the concern.

blink182: Have you done your presentation?

Yh had mine today. Glad it went fine.

dstan: Hello fellow winners.I actually applied for the youwin pro gramme as an existing business but recently had to do a fresh reg because the object clause on my previous business name is not same as what I entered the competition with.For anyone with the interview experience, since its not up to a month I did the registration,will they still ask for my tax clearance and is it possible for me to use a tax clearance of my other business?Thank you in anticipation.My interview is in Abuja on 26th.....please a good samaritan help out

I think it's not all that necessary. Just go with your CAC certificate. I even had mine without certificate or clearance because it wasn't ready.

YOU DON'T NEED PROJECTOR. ALL YOU NEED IS FIVE COPIES OF YOUR BUSINESS TEMPLATE AND OTHER NECESSARY DOCUMENTS REQUIRED. GOOD LUCK

@necsummi and obiscolly,you r appreciated,I will take to ur advise....all d best to us all

CoolKizzy:

Lol, mine wasn't even collected from me, I had title to five of them to use, they were viewing my main application on their laptops.

Do they have d soft copy of our second stage application with them? Do they go outside the interview template? Thanx in anticipation of your answers

medoty:
Do they have d soft copy of our second stage application with them? Do they go outside the interview template? Thanx in anticipation of your answers

Good question.

dstan: @necsummi and obiscolly,you r appreciated,I will take to ur advise....all d best to us all

You're welcome. I'm Neksummi NOT Necsummi.

All the best to you too.

medoty:
Do they have d soft copy of our second stage application with them? Do they go outside the interview template? Thanx in anticipation of your answers

yes they did, industry knowledge, trying to find a flaw in ur claims, making ur business seem impossible,

In calculation, you don't just introduce a variable without an origin. 407 is not the monthly production from my calculation, somebody should look at it and say something

chukwuka12: @Aofete, from his analysis, although he didn't state it, he produces about 407 units per month, he sells at 2700, therefore 2700*407=1,100,000

I would have just done 4440/407= 11 months.

(My thinking please)

Please let me know how 1,100,000 came about in this computation

Adulphus:

YOU HAVE TO KNOW YOUR FINANCIALS, KNOW YOUR COMPETITORS, YOUR MARKET AND MARKET STRATEGY. YOU MUST BE ABLE TO SPEAK GOOD ENGLISH AND BE ABLE TO CONVINCE THEM. THERE ARE 52 PANELIST DIVIDED BY 13 PANELS = 4, SO YOU WILL BE FACED TO DEFEND YOUR PLAN IN THE PRESENCE OF 4 PANELIST. FOR THOSE GOING TO ENUGU, PANEL 11 IS VERY FAIR AND THERE ARE GOOD PEOPLE.

BELOW WAS HOW I BROKE MY FINANCIAL ANALYSIS:
Hi. How much money do you need to implement your business? ii. How will you fund the business? iii. What will the funds be used for? iv. How and/or when will the business make profit? [100 words] Please show a summary of the breakeven analysis.
i. Total Capital = N11,000,000
ii. YouWIN Grant and Family
iii. Capital Cost = 4,400,000 including: The Cost of Machineries = 3,400,000naira
The Cost of Office Equipment and furniture= 300,000 naira
The Cost of Vehicle = 700,000naira

Operating Expenses = 3,300,000
Indirect Cost = 1,820,000
Miscellaneous = 1,480,000
iv. My Business will make profit after month 11 of the Grant Award.

Breakeven Analysis: [NB: 1 unit of my product is sold at 2,700 naira]
BEP in Units = Fixed Cost/Contribution
Fixed Cost = Capital Cost + Indirect Cost + Depreciation
Depreciation = Capital Cost/10years = 4,400,000/10 = 440,000
Fixed Cost = 4,400,000 +1,820,000 + 440,000 = 6,660,000
Contribution = Sales Price – Variable Cost = 2,700 – 1,200 = 1,500
Therefore, my Breakeven Point in Units = 6,660,000/1,500 = 4,440Units
BEP in Naira = 4,440 x 2,700 = 11,988,000
11,988,000/1,100,000 = 10.9 = 11months

ONCE AGAIN KNOW YOUR FINANCIALS BECAUSE THEY WILL ASK YOU HOW YOU WILL SPEND THE MONEY (FINANCIAL PRUDENCY)
GOOOOD LUCK

aofete: Please let me know how 1,100,000 came about in this computation

Remember the question was to give a summary of Ur financial analysis. If am to bring the origin of the Variable dat means is no longer a summary.
U were NT ask to give Ur full financial calculation.
NOTO: More also Ur summary must corespond with wat U have in Ur Cash Flow template U summited, U must be consistend. Use my above arrangement n do Urs, I av done my interview n it was Great.....
GoodLuck

Adulphus:

Remember the question was to give a summary of Ur financial analysis. If am to bring the origin of the Variable dat means is no longer a summary.
U were NT ask to give Ur full financial calculation.
NOTO: More also Ur summary must corespond with wat U have in Ur Cash Flow template U summited, U must be consistend. Use my above arrangement n do Urs, I av done my interview n it was Great.....
GoodLuck

pls house, i feel the financial summary they want is the one stated at the bottom of Ur summary sheet on Ur cash flow.

aofete: 11,988,000/1,100,000 = 10.9 = 11months
On this line where did 1,100,000 comes from please share light on it

1,100,000 is the amount I will reach per month to reach profitable in the next 11months

Adulphus: YOU HAVE TO KNOW YOUR FINANCIALS, KNOW YOUR COMPETITORS, YOUR MARKET AND MARKET STRATEGY. YOU MUST BE ABLE TO SPEAK GOOD ENGLISH AND BE ABLE TO CONVINCE THEM. THERE ARE 52 PANELIST DIVIDED BY 13 PANELS = 4, SO YOU WILL BE FACED TO DEFEND YOUR PLAN IN THE PRESENCE OF 4 PANELIST. FOR THOSE GOING TO ENUGU, PANEL 11 IS VERY FAIR AND THERE ARE GOOD PEOPLE.

BELOW WAS HOW I BROKE MY FINANCIAL ANALYSIS:
Hi. How much money do you need to implement your business? ii. How will you fund the business? iii. What will the funds be used for? iv. How and/or when will the business make profit? [100 words] Please show a summary of the breakeven analysis.
i. Total Capital = N11,000,000
ii. YouWIN Grant and Family
iii. Capital Cost = 4,400,000 including: The Cost of Machineries = 3,400,000naira
The Cost of Office Equipment and furniture= 300,000 naira
The Cost of Vehicle = 700,000naira

Operating Expenses = 3,300,000
Indirect Cost = 1,820,000
Miscellaneous = 1,480,000
iv. My Business will make profit after month 11 of the Grant Award.

Breakeven Analysis: [NB: 1 unit of my product is sold at 2,700 naira]
BEP in Units = Fixed Cost/Contribution
Fixed Cost = Capital Cost + Indirect Cost + Depreciation
Depreciation = Capital Cost/10years = 4,400,000/10 = 440,000
Fixed Cost = 4,400,000 +1,820,000 + 440,000 = 6,660,000
Contribution = Sales Price – Variable Cost = 2,700 – 1,200 = 1,500
Therefore, my Breakeven Point in Units = 6,660,000/1,500 = 4,440Units
BEP in Naira = 4,440 x 2,700 = 11,988,000
11,988,000/1,100,000 = 10.9 = 11months

ONCE AGAIN KNOW YOUR FINANCIALS BECAUSE THEY WILL ASK YOU HOW YOU WILL SPEND THE MONEY (FINANCIAL PRUDENCY)
GOOOOD LUCK

I have a problem with your inclusion of capital cost as part of the fixed cost - depreciation, no problem but capital cost, I no too 'gree. Can you enlighten me please?

neksummi:

I have a problem with your inclusion of capital cost as part of the fixed cost - depreciation, no problem but capital cost, I no too 'gree. Can you enlighten me please?

I think he is correct, capital cost is a part of fixed cost. It is cost you take on once while setting up the business. Abi?

blink182: I think he is correct, capital cost is a part of fixed cost. It is cost you take on once while setting up the business. Abi?

I think its not proper to include capital and at the same time depriciation as part of FC. It will seriously affect your break even analysis and its like double charging. The best thing is to charge depriciation at appropriate rate of 10, 15 or 20 percent depending on d rate of usage. My tot, understanding and opinion though