diegs:



Sorry i meant expected sales for two different products

You are the one who knows what you are selling. If you sell 20 of A and 10 of B at N10 each for A and N20 for B then expected monthly sales is N200+N200=N400 monthly. It is the N400 you will work with. It is expected sales so you assume that is what you can sell monthly. Make sure when you multiply N400 by 12, it is greater than the the requested youwin grant.

This question starts from your raw materials if your raw material is 20x then 20x should produce value of 40x. It is now up to you to know if you can sell the 40x in one month or 2 months, it is better you are able to sell faster.

My explanation is only indicative and not compulsory. 20x may produce goods with market value of 40x for you or it could be more. I hope you understand.

blink182:
You are the one who knows what you are selling. If you sell 20 of A and 10 of B at N10 each for A and N20 for B then expected monthly sales is N200+N200=N400 monthly. It is the N400 you will work with. It is expected sales so you assume that is what you can sell monthly. Make sure when you multiply N400 by 12, it is greater than the the requested youwin grant.

This question starts from your raw materials if your raw material is 20x then 20x should produce value of 40x. It is now up to you to know if you can sell the 40x in one month or 2 months, it is better you are able to sell faster.

My explanation is only indicative and not compulsory. 20x may produce goods with market value of 40x for you or it could be more. I hope you understand.

Yes I understand. What you said is my sales should be times 2 of my raw materials. And I should make sure I am able to sell at that r ate. Am I right.

Then my no 2 question. I am applying for 9million naira. I tot the Break even was calculating fixed and variable costs. But what I understand from the explanation here is that it is when I sell up to the 9million Nairaland grant that is my break even point. Please which is right. Thanks again

diegs:


Yes I understand. What you said is my sales should be times 2 of my raw materials. And I should make sure I am able to sell at that r ate. Am I right.

Then my no 2 question. I am applying for 9million naira. I tot the Break even was calculating fixed and variable costs. But what I understand from the explanation here is that it is when I sell up to the 9million Nairaland grant that is my break even point. Please which is right. Thanks again

No that is not what I meant, it was only an illustration it should be more.

they are both right

blink182:
No that is not what I meant, it was only an illustration it should be more.

they are both right

I am grateful. Tnx

blink182:
No that is not what I meant, it was only an illustration it should be more.

they are both right

Sorry o. One more last question? Since the fixed and variable cost is for a whole year, will both be greater than the 9million naira grant I wish to ask for. Tnx

diegs:


Sorry o. One more last question? Since the fixed and variable cost is for a whole year, will both be greater than the 9million naira grant I wish to ask for. Tnx

No, it can't be greater. You could factor in your contribution but I do not advise you do that. Make your costs equal to the youwin grant then you can always tell youwin how much you can contribute to the business.

Wanted to submit an entry for a school but an awardee said it might not fly as its capital intensive and i might not break even in 12 months. What do you guys think? Does a daycare seem better? The thing is, fees are paid 1ce per term(3Months), doesnt seem likely that one can breakeven.

I'm also considering an outdoor events centre cos erecting a building for an indoor events centre and all could be over the maximum amount? What do you think too?

In reality, do businesses really break even under 12 months cos this our environment can be quite harsh atimes.

Lemme hear from you my ogas at the top: xdream, chukwuka12, blink182,openmine and others please.

kendraloops:
Wanted to submit an entry for a school but an awardee said it might not fly as its capital intensive and i might not break even in 12 months. What do you guys think? Does a daycare seem better? The thing is, fees are paid 1ce per term(3Months), doesnt seem likely that one can breakeven.

I'm also considering an outdoor events centre cos erecting a building for an indoor events centre and all could be over the maximum amount? What do you think too?

In reality, do businesses really break even under 12 months cos this our environment can be quite harsh atimes.

Lemme hear from you my ogas at the top: xdream, chukwuka12, blink182,openmine and others please.

That's the reason you should go into a business with an established value chain and quick turn over. Time is almost up, please look for a business that progresses fast. The agricultural sector does it a lot but could also be high risk.

[quote author=blink182 post=30063550][/quote]

Pls i have a cousin with just waec can she apply for beauty business. Though she went for a year training in a salon then, don't know if that enough

The secondly, regarding diegs question that where the hitch is. I am applying for 9,900,000 for a bakery business.

Machinery 3,960,000
Operating expenses and co 4,950,000
Pre start up 990,000.

Will my variable and fixed cost be share btwn th operating expenses which is 4,950,000 or the whole 9,900,000

cionon:


Pls i have a cousin with just waec can she apply for beauty business. Though she went for a year training in a salon then, don't know if that enough

The secondly, regarding diegs question that where the hitch is. I am applying for 9,900,000 for a bakery business.

Machinery 3,960,000
Operating expenses and co 4,950,000
Pre start up 990,000.

Will my variable and fixed cost be share btwn th operating expenses which is 4,950,000 or the whole 9,900,000

Your cousin can't apply.

Share the money you are applying for into maximum 40% for capital expense and 50% Operating expense and 10% Pre-start up. You are on track.

pls i made a grieveous mistake in my apptn. can i submit anoda one using a separate account/email

blink182:
Your cousin can't apply.

Share the money you are applying for into maximum 40% for capital expense and 50% Operating expense and 10% Pre-start up. You are on track.

What abt the last part. The break even pont. Referring from diegs post. I was asking if variable and fixed cost should be the whole 9,900,000 or from the operating expenses which is 4,950,000

Tnx blink

cionon:


What abt the last part. The break even pont. Referring from diegs post. I was asking if variable and fixed cost should be the whole 9,900,000 or from the operating expenses which is 4,950,000

Yes

cionon:


What abt the last part. The break even pont. Referring from diegs post. I was asking if variable and fixed cost should be the whole 9,900,000 or from the operating expenses which is 4,950,000

Its from the whole grant amount, note that your fixed cost is within the 40%(capital exp) however put everything into consideration...

@Belovedaja am sure we have answered dis before if u go tru d thread, however i think itd a risk you should not be taking, in order not to disqualify your self.

@Kendraloops, sori dont have much knowledge on schools, but confirmed any school budiness can not bresk even in a year, even in 2 years.,. However if u have a strong passion in education, den look for a mentor in that line and seek for advise, tell him/her u have 9m to invest in school, they should help u with general analysis, when can u break even etc... its not theory it has to be practical... cheers

Tnx chukwuka

Pls i will like to know if buhari or any other person wins, will youwin still countine?

chukwuka12 and blink182, thanks a lot

40dogzz:
Pls i will like to know if buhari or any other person wins, will youwin still countine?

hopefully it should, just like PTDF, NDDC and the likes.

40dogzz:
Pls i will like to know if buhari or any other person wins, will youwin still countine?

Do your part, leave the rest to God....
Nobody knows, thats the truth.....

chukwuka12:


Its from the whole grant amount, note that your fixed cost is w. o

This is what I fear about fixed and variable costs. Fixed cost has nothing to do with capital expense rather it is variable cost that deals with capital expense. Fixed cost arises, whether you are producing or not, it is what keeps the business going even when nothing is happening. You should Google it, that's why I try not to talk about it when I make analysis for people.

kendraloops:
Wanted to submit an entry for a school but an awardee said it might not fly as its capital intensive and i might not break even in 12 months. What do you guys think? Does a daycare seem better? The thing is, fees are paid 1ce per term(3Months), doesnt seem likely that one can breakeven.

I'm also considering an outdoor events centre cos erecting a building for an indoor events centre and all could be over the maximum amount? What do you think too?

In reality, do businesses really break even under 12 months cos this our environment can be quite harsh atimes.

Lemme hear from you my ogas at the top: xdream, chukwuka12, blink182,openmine and others please.

Who says businesses (some) can't break even under 12 months? Let me whisper to you a personal expo (for only you, don't tell anyone o) the businesses that clinched victory in YouWiN! are businesses that didn't exceed 12months to break even. That's the expo, its for you alone o. Smiles

Now back to your question *clearsThroat*

Most of the people I met in YouWiN! 3 that won in school business are existing school, they applied for expansion. If you seek to apply for daycare alone, its not bad but have you considered the staff strength? Will it meet up with YouWiN! requirements?

Please explain further how you mean about the "Outdoor" and "Indoor" even center. Thanks

xdream:


Who says businesses (some) can't break even under 12 months? Let me whisper to you a personal expo (for only you, don't tell anyone o) the businesses that clinched victory in YouWiN! are businesses that didn't exceed 12months to break even. That's the expo, its for you alone o. Smiles

Now back to your question *clearsThroat*

Most of the people I met in YouWiN! 3 that won in school business are existing school, they applied for expansion. If you seek to apply for daycare alone, its not bad but have you considered the staff strength? Will it meet up with YouWiN! requirements?

Please explain further how you mean about the "Outdoor" and "Indoor" even center. Thanks

ok, thanks for the expo!!
About the daycare, what if the staff strenght is like 8 to include child minders, cleaners, a cashier/accounts officers n the likes?? wouldn't that do?

When i say outdoor events centre, i mean a large expanse of land available for occassions i.e there wouldn't be any building on it available for rentage. all you'd need for your occassion might just be a tent or two, depending on the crowd/guests.

and by indoor, i mean one that would have a building erected on the land so users can choose to av an event either inside or outside.

I'm not even interested in tbe centre again jor(lol). Na the daycare i want. I av a very strong competitive adv.Oya advice me sir!!

What will happen if i exceed the words cap per question?

kendraloops:
What will happen if i exceed the words cap per question?

Either
1. You will not be able to submit until you correct it.
2. You will be disqualified for not obeying the instructions given.
But i its 1.

kendraloops:



ok, thanks for the expo!!
About the daycare, what if the staff strenght is like 8 to include child minders, cleaners, a cashier/accounts officers n the likes?? wouldn't that do?

When i say outdoor events centre, i mean a large expanse of land available for occassions i.e there wouldn't be any building on it available for rentage. all you'd need for your occassion might just be a tent or two, depending on the crowd/guests.

and by indoor, i mean one that would have a building erected on the land so users can choose to av an event either inside or outside.

I'm not even interested in tbe centre again jor(lol). Na the daycare i want. I av a very strong competitive adv.Oya advice me sir!!

8 is too small jor. The minimum staff strength I do tell people to present to YouWiN! is 10

As for exceeding the words cap, Chukwuka12 had already hinted you the risks behind it

If you're expected to write 50 words, its better you write 30 words than to write 60 words

Good morning and happy sunday, I dey come back make I go find hot rice chow first

Pls my guru in d forum for someone that want to go into hire purchase business how will I calculate the Machinery,
Operating expenses and Pre start up.
Thx

cionon:


Pls i have a cousin with just waec can she apply for beauty business. Though she went for a year training in a salon then, don't know if that enough

The secondly, regarding diegs question that where the hitch is. I am applying for 9,900,000 for a bakery business.

Machinery 3,960,000
Operating expenses and co 4,950,000
Pre start up 990,000.

Will my variable and fixed cost be share btwn th operating expenses which is 4,950,000 or the whole 9,900,000

your cousin can apply if she has her Waec and the salon certificate with her. dont be mislead ok wat she has is very ok

Some people ar very ignorant. They said am a scamer coz i brought an info on niaraland. First of all did i tell any1 to send money to my acct? Did'nt i say if u live in abuja lets meet? I also said if we meet i can give u my international passport with stamped visa on it. For ur info they ar thing that ar happing many don't know about. If any1 is in abuja u can call me i will take u to the office, u will verify without paying money. Nobody has ever said am a scamer & no body will ever, check my profile. what about

xdream, you never chow the rice finish? e go plenty be that o

kendraloops:
xdream, you never chow the rice finish? e go plenty be that o

Since morning na

xdream:


Since morning na

i been dey wonder na.