calebu:
What of a bomb making factory

calebu:
What of a bomb making factory

calebu:
What of a bomb making factory

calebu:
What of a bomb making factory

wilsonl:
I think this is awesome.

wilsonl:
SWOT Analysis:

Structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture.

• Strengths:

What advantages does your organization have?
What do you do better than anyone else?
What unique or lowest-cost resources can you draw upon that others can’t?
What do people in your market see as your strengths?
What factors mean that you “get the sale”?

Consider your strengths from both an internal perspective, and from the point of view of your customers and people in your market.

• Weaknesses:

What could you improve?
What should you avoid?
What are people in your market likely to see as weaknesses?
What factors lose you sales?

Consider this from an internal and external basis: Do other people seem to perceive weaknesses that you don’t see?



• Opportunities:

What good opportunities can you spot?
What interesting trends are you aware of?
Changes in technology and markets on both a broad and narrow scale.
Changes in government policy related to your field.

• Threats:

What obstacles do you face?
What are your competitors doing?
Are quality standards or specifications for your job, products or services changing?
Is changing technology threatening your position?
Do you have bad debt or cash-flow problems?
Could any of your weaknesses seriously threaten your business?

Source: http://www.enterpriseboom.com/how-to-start-a-manufacturing-company-in-nigeria/

wilsonl:
Have you ever heard about the sayings that Nigeria is a consumer-driven economy? The Manufacturing sector in Nigeria is currently growing faster than the telecommunications, oil and gas and agricultural sectors. Nigeria’s large population of upwardly mobile consumers, coupled with investments in power, implies that the strong growth of manufacturers, including food producers and breweries, is sustainable. Manufacturers in ….Nigeria had attributed the remarkable increase recorded in capacity utilization within the last year to favorable government policies, especially with respect to industry, trade and investment. Manufacturing in Nigeria also potentially provides you more leverage from your investment of money than many other categories of business. Since you are adding value to raw materials, equipment, and capital costs, you can often be quite profitable.

How to start manufacturing in Nigeria:

Manufacturing can be challenging, but the rewards can be great — both emotionally and financially.
The first and the most important of all is, of course, an idea. I often hear people say, I need to make money and my question is, are you the government? It is absolutely illegal to make money. This idea- that you need to make money to have it – limits you to believing you must trade time for money. Quit thinking about making money and think in terms of collecting it. When you trade something of value with the public you will get money in return. However, if you are interested in how to start your own manufacturing business you most likely already know what you would like to produce. Nevertheless, it is crucial that you are absolutely sure that the product you wish to produce is actually needed. After all, you have to sell your product if you want to succeed. There are no guarantees that people will like your product, however, this is a risk every entrepreneur needs to take.

Things to do first:

• Idea about what to Manufacture
• Research on the products and its target market
• Find the location for your factory and office
• Register your company with the corporate affairs of Nigeria
• Raise funds from Loans, Savings, SMEs funding program, Donations.
• Buy the Machines needed (preferably from India or China).
• Assemble the Machines
• Employ few worker at first
• Start Manufacturing
• Promote your Products
• Sell Your products

Source: http://www.enterpriseboom.com/how-to-start-a-manufacturing-company-in-nigeria/