PROJECT DESCRIPTION
BUSINESS NAME:
The name of the business shall be ADEFEMI BEANS CAKE PRODUCTION.
NATURE OF BUSINESS: This type of business is a one man business (SOLE PROPRIETORSHIP)
INTRODUCTION
Akara is usually referred to as bean
cake. Osu, a town in Osun State
used to be known for the commercial production of akara. A visit to this town will convince you that
akara production could be lucrative business.
Akara balls come in small or big sizes and could be sold for as little
as N5 per ball. This is relatively cheap and makes it easily
affordable. Some families now prefer now
to buy akara from the producers instead of involving themselves in the making akara.
What is Business: Business can be defined as an organization business as an activity that
satisfy human need and want by providing good and services for private profit.
Categories of Business
1)
Servicing
business is concern with maintenance work and it include financing business.
2)
Distribution
business is the one who bringing about a change of ownership of good between
the producers of the goods and the consumers of the goods.
3)
Processing
business this is business that subjected something to treatment intended to
transform.
Characteristics of a Business
1)
Production
must be able to produce in business organization
2)
Organization is able to refers to the people that constitute
the business unit.
The feasibility report of my business
if my choice is BEANS CAKE MAKER.
Beans cake is a business that are made
by only one person in other to make profit and of people in the society or
community.
The procedure of Beans cake maker is
when you are invest in business of selling good and nice product.
If you want to invest in Beans cake
business you need to start with amount of money may be cash at hand or at cash
at bank.
You need to start with amount of
money like N100,000 Naira only.
Further more, about beans cake maker
you need to process some thing like, the place you will settle, how the place
is marketable or not marketable. Hot and
steaming akara is irresistible. Sold at N10 a ball, you can sell up to N4,000 daily, especially if your kiosk is
strategically located.
1)
Get
a space in the motor park.
2)
What
about near the secretariat
3)
Or
any other busy area?
Consider employing two to fry all day
while you supervise and collect your money.
You can add any choice spice or innovation. A woman in Akure fries her akara without much
pepper but produces a ground powdery mix (like suya spice) and calls it AKARA
SUYA. She hardly copes with satisfying
her customers.
The Aim of Beans Cake
1)
It
help us to involves in business activities
2)
It
good for human satisfaction
3)
It
keep us to busy
4)
It
help us to know many people in the environment where the business is holding
5)
It
make person know very well in all aspect
The Expenses of beans cake
1)
Place
the of selling is 12,000 per year
2)
Beans
purchases 40,000
3)
Fire
wood 4,000
4)
Vegetable
oil 13,000
5)
Pepper
1,000
6)
Onion
600
7)
Paper
that you will use for selling it 500
8)
The
place that you will ground it 200
9)
The
fry plan 8,000
10)
The
bowl that you will use to take it where to ground it 300
11)
Salt
1,000
12)
Spoon
1,400
13)
Workers
8,000
14)
Manager
10,000
Total = N100,000
HOW TO PREPARE BEANS CAKE
The way there are preparing Beans
cake are:
When you bought you Beans you will
take it to where you will pieces it into small places. Then you will make the measurement of cup you
will do per day.
After you are measurement the cup you
want to do in that day go and fetch water and pour water into the bean for
washing.
·
Soak
beans in water for 15 to 20 minutes
·
Remove
beans covering
·
Mix
with pepper and onion (crayfish or fish is optional)
·
Grind
them together
·
Put
frying pan on fire, add oil of choice
·
Drop
desired size of akara in the hot oil and fry to desired brownness.
How to use NPV in Business
organization.
The full meaning of NPV: Net
Presences Value
Net Presence Value help us to
calculate the profit that will gain from the business where doing during the
each years.
|
Year
|
Profitable
|
|
1
|
30,000
|
|
2
|
50,000
|
|
3
|
70,000
|
|
4
|
90,000
|
|
5
|
100,000
|
The 15% percentage interest will be
calculate as my NPV that will used as the expenses is concerning in the business.
The formular to calculate Net
presence value (NPV).
Calculation
NPV = R1 + R2 + R3 + Rn
(1+r) (1+r)2 (1+r)3 (1+r) n – C
= 40
100
0.4
30,000 + 50,000 + 70,000 + 90,000 + 100,000
(1+0.4) (1+0.4)2 (1+0.4)3 (1+0.4)4 (1+0.4)5
=
100,000
30,000 + 50,000 + 70,000 + 90,000 + 100,000
(1.4)1 (1.4)2 (1.4)3 (1.4)4 (1.4)5
30,000 + 50,000 + 70,000 + 90,000 + 100,000
1.4 1.96 2.744 3.8416
5.37824 – 100,000
=
NPV = 21425.571 + 25510.204 + 23427.74 + 18593.443 – 100,000
N.P.V
= 25599160.96 – 100,000
254991160.9
The N.P.V value is great than zero we
can see that the business is very profitable in business activities.
CONCLUSION
With all finding, will can see that
the business is very profitable kindly help me to accept the business of my
choice as bean cake maker production known as (Akara).
Finally, bean cake maker production
business that woman can invest in organization activities.
REFERENCES
Obasuyi, F.O.T
(Introduction to business management)
Olawumi,
O.R (Reading
note on business management
