₦airaland Forum

Goodmorning Sir.
Trust this finds you well Sir.I write to buttress on the information I dropped here yesterday as regards the business grant.
This grant will really be a boost to our business as it will enable us acquire:
1.A small industrial machine for efficiency and
effective delivery to customers.
2.Buy materials that we can use to make different styles and sell to customers.
3.As it will mean making of more profit which can be used to keep the business running.I have not been able to get some of this done as a student.
Evidences of all that is said here will be made available on request.
Thank you very much for considering our plans.God bless you Sir .

Rowears
1Industry Overview
2 Executive Summary
3 Our Products and Services
4 Our Mission and Vision Statement
5 Roles and Responsibilities
6 SWOT Analysis
7 MARKET ANALYSIS
8 Our Target Market
9 Our Competitive Advantage
10 SALES AND MARKETING STRATEGY
11 Sales Forecast.
12 Publicity and Advertising Strategy
13 Startup Expenditure (Budget)
15 Sustainability and Expansion Strategy



1.Industry Overview
The fashion design industry is one that has trended toward growth in the last years between 2014 and 2019. This is due to the fact that designers in order to appeal to large section of their target market have started closing the gap between style and value.
The industry is still projected to grow between the periods of 2020 to 2026, and the revenue in this industry will grow too depending on increasing consumer confidence and the rising per capita disposable income. The city is also one that has a high number of retail outlets that are of high end.
There are various upcoming trends that is likely to affect the fashion design industry and might influence employment in this industry and they include; improved use of the internet for online shopping by customers, continued use of cheap labors and consolidation of businesses in the retail sector

2.Executive Summary
ROWEARS is established to intrigue our clients with our fashion pieces while also identifying with the uniqueness in each of our clients. Our aim is to become a worldwide brand name in the 2026 here in Nigeria.
We therefore are in business in order to generate revenue, make profit whilst also favorably competing with other leading brands in the fashion design industry in six years’ time.
Our location in UNILAG and Agric (Ikorodu) is a very strategic one as we are located in the hub of the fashion industry and with the right strategies and plans that we have in place, we are sure of meeting, achieving and exceeding our desired goals and intentions.
Our publicity strategies are top notch as we will be hiring services of a brand consultant to help us draft the strategies that will make us stand out from similar fashion design businesses in the industry.


3.Our Products and Services
At ROWEARS, we intend to ensure that we deal in all forms of unique fashion designs and accessories in our primary location here in Nigeria. We intend to ensure that we create multiple sources of income that will be in line with our core service; these other services might be intangible in nature and include services such as trainings and consultancy services.
Our intention of creating multiple sources of income is so that we would be able to boost the bottom line of our business as is permissible under the laws of Nigeria. Therefore, some of the products and services we intend to offer are;
Sale of fashion design wears for certain ages and sexes
Sale of fashion accessories.


4.Our Mission and Vision Statement
Our vision is to intrigue our clients with our fashion pieces while identifying with the uniqueness in each of our clients.
We also intend to become a worldwide brand name in the year 2026 here in Nigeria.
In order to achieve our vision, we have laid down procedures that would ensure that most of our target market is aware of our products. We also have competent and professional employees that would ensure that that our vision is actualized.

SWOT Analysis
Making an honest assessment of our business concept by pointing out the advantages and weaknesses which will allow us know if we are taking the right step into starting this business, we have made some research and as such we are still therefore on with our research in Nigeria.
In looking critically at our business concept, we also did research using the popular SWOT (strengths, weaknesses, opportunities and threats) analysis to determine how suitable we are for the industry. Below is the result of the SWOT analysis that we have gotten so far on behalf of ROWEARS;
Strengths
Our strength lies in the fact that we create unique designs for our various clients to meet their tastes and preferences, as well as other fashion related services. Our several marketing and publicity strategies are already enabling us stand out from the others in the industry.
Also, we have hired competent employees who are not only professionals but have the necessary expertise to enable us meet our intended goals and objectives.
Weaknesses
There are certain factors which we have perceived as weaknesses to our business and that is the fact that we are located in a fashion hub as Lagos, especially as Ikorodu that is one of the hottest fashion environments. Also, the industry is a bit saturated as there are enough fashion design businesses in and around Lagos.

MARKET ANALYSIS
Market Trends
The fashion industry is a glamorous and fun industry that is competitive in nature. Running a fashion design business is time consuming and most fashion design businesses usually fail because the entrepreneurs do not have the wherewithal to be creative and run the business at the same time.
This is because any entrepreneur starting this business usually spends less time designing, and more time managing production, dealing with suppliers, sending clothes to magazines, and managing the employees’ in-between. It usually takes an entrepreneur who has been into the business before to be able to successfully handle the business.
This kind of business is one that requires endurance and tenacity because this is a hyper competitive and complex industry, in which any start-up business can have suppliers and customers in the short period of time of starting the business.
Which is why to succeed in this industry you would need to be committed first as the chief executive officer before being a fashion designer. However, this does not mean that you do everything yourself, as most fashion design businesses usually hire a chief executive officer to handle the administrative affairs so that the owners can focus on fashion designing.
Finally, fashion designing in the real business world is different from that learnt in school. Starting and running a fashion design business would mean you developing and ensuring you follow a creative process that is organized, which is why most entrepreneurs looking to start their own business usually work as interns in larger fashion houses so as to be able to understand the methodology required in running the business.
Another option when starting this business especially if you are just skilled in fashion designing is to find a partner that is skilled in business in order to help manage the business part of the business.


I can’t paste all my plans here but we trust this little to convince you Sir.

Rowears
1Industry Overview
2 Executive Summary
3 Our Products and Services
4 Our Mission and Vision Statement
5 Roles and Responsibilities
6 SWOT Analysis
7 MARKET ANALYSIS
8 Our Target Market
9 Our Competitive Advantage
10 SALES AND MARKETING STRATEGY
11 Sales Forecast.
12 Publicity and Advertising Strategy
13 Startup Expenditure (Budget)
15 Sustainability and Expansion Strategy



1.Industry Overview
The fashion design industry is one that has trended toward growth in the last years between 2014 and 2019. This is due to the fact that designers in order to appeal to large section of their target market have started closing the gap between style and value.
The industry is still projected to grow between the periods of 2020 to 2026, and the revenue in this industry will grow too depending on increasing consumer confidence and the rising per capita disposable income. The city is also one that has a high number of retail outlets that are of high end.
There are various upcoming trends that is likely to affect the fashion design industry and might influence employment in this industry and they include; improved use of the internet for online shopping by customers, continued use of cheap labors and consolidation of businesses in the retail sector

2.Executive Summary
ROWEARS is established to intrigue our clients with our fashion pieces while also identifying with the uniqueness in each of our clients. Our aim is to become a worldwide brand name in the 2026 here in Nigeria.
We therefore are in business in order to generate revenue, make profit whilst also favorably competing with other leading brands in the fashion design industry in six years’ time.
Our location in UNILAG and Agric (Ikorodu) is a very strategic one as we are located in the hub of the fashion industry and with the right strategies and plans that we have in place, we are sure of meeting, achieving and exceeding our desired goals and intentions.
Our publicity strategies are top notch as we will be hiring services of a brand consultant to help us draft the strategies that will make us stand out from similar fashion design businesses in the industry.


3.Our Products and Services
At ROWEARS, we intend to ensure that we deal in all forms of unique fashion designs and accessories in our primary location here in Nigeria. We intend to ensure that we create multiple sources of income that will be in line with our core service; these other services might be intangible in nature and include services such as trainings and consultancy services.
Our intention of creating multiple sources of income is so that we would be able to boost the bottom line of our business as is permissible under the laws of Nigeria. Therefore, some of the products and services we intend to offer are;
Sale of fashion design wears for certain ages and sexes
Sale of fashion accessories.


4.Our Mission and Vision Statement
Our vision is to intrigue our clients with our fashion pieces while identifying with the uniqueness in each of our clients.
We also intend to become a worldwide brand name in the year 2026 here in Nigeria.
In order to achieve our vision, we have laid down procedures that would ensure that most of our target market is aware of our products. We also have competent and professional employees that would ensure that that our vision is actualized.

SWOT Analysis
Making an honest assessment of our business concept by pointing out the advantages and weaknesses which will allow us know if we are taking the right step into starting this business, we have made some research and as such we are still therefore on with our research in Nigeria.
In looking critically at our business concept, we also did research using the popular SWOT (strengths, weaknesses, opportunities and threats) analysis to determine how suitable we are for the industry. Below is the result of the SWOT analysis that we have gotten so far on behalf of ROWEARS;
Strengths
Our strength lies in the fact that we create unique designs for our various clients to meet their tastes and preferences, as well as other fashion related services. Our several marketing and publicity strategies are already enabling us stand out from the others in the industry.
Also, we have hired competent employees who are not only professionals but have the necessary expertise to enable us meet our intended goals and objectives.
Weaknesses
There are certain factors which we have perceived as weaknesses to our business and that is the fact that we are located in a fashion hub as Lagos, especially as Ikorodu that is one of the hottest fashion environments. Also, the industry is a bit saturated as there are enough fashion design businesses in and around Lagos.

MARKET ANALYSIS
Market Trends
The fashion industry is a glamorous and fun industry that is competitive in nature. Running a fashion design business is time consuming and most fashion design businesses usually fail because the entrepreneurs do not have the wherewithal to be creative and run the business at the same time.
This is because any entrepreneur starting this business usually spends less time designing, and more time managing production, dealing with suppliers, sending clothes to magazines, and managing the employees’ in-between. It usually takes an entrepreneur who has been into the business before to be able to successfully handle the business.
This kind of business is one that requires endurance and tenacity because this is a hyper competitive and complex industry, in which any start-up business can have suppliers and customers in the short period of time of starting the business.
Which is why to succeed in this industry you would need to be committed first as the chief executive officer before being a fashion designer. However, this does not mean that you do everything yourself, as most fashion design businesses usually hire a chief executive officer to handle the administrative affairs so that the owners can focus on fashion designing.
Finally, fashion designing in the real business world is different from that learnt in school. Starting and running a fashion design business would mean you developing and ensuring you follow a creative process that is organized, which is why most entrepreneurs looking to start their own business usually work as interns in larger fashion houses so as to be able to understand the methodology required in running the business.
Another option when starting this business especially if you are just skilled in fashion designing is to find a partner that is skilled in business in order to help manage the business part of the business.


I can’t paste all my plans here but we trust this little to convince you Sir.

Good evening Sir.
Trust this finds you well.
I will like to show my interest in competing for the grant.I am into fashion business,men’s niche to be precise and we are registered with CAC with the name “ROWERS”.Our vision is to intrigue our clients with our developing ideas while identifying with the uniqueness in each of our clients. We also intend to become known across the nation before 2026.
In order to achieve our vision, we have laid down procedures that would ensure that most of our target clients are aware of our services.
This grant will really be a boost to our business.
Below is my detail:
Name:Isaac Victor
Acc No:0169776764
GTB

Thank you very much sir.
Kind Regards.
Isaac Victor

Good evening Sir.
Trust this finds you well.
I will like to show my interest in competing for the grant.I am into fashion business,men’s niche to be precise and we are registered with CAC with the name “ROWERS”.Our vision is to intrigue our clients with our developing ideas while identifying with the uniqueness in each of our clients. We also intend to become known across the nation before 2026.
In order to achieve our vision, we have laid down procedures that would ensure that most of our target clients are aware of our services.
This grant will really be a boost to our business.
Below is my detail:
Name:Isaac Victor
Acc No:0169776764
GTB

Thank you very much sir.
Kind Regards.
Isaac Victor