HOW TO AVOID MISTAKES IN REAL ESTATE INVESTMENT

Every investor in real estate investments usually have generation of profit in mind before committing his money. I am very sure nobody will like to purchase property to find out after few years that the investment was not good or hard to sell or rent out. Ignorance of how to avoid bad deals has always resulted in losses in real estate business. Sometimes, even the so called experience real estate investors can become victim of scammers. This article reveals the ways you can avoid bad real estate deals. The under listed should be considered before investing in real estate property development:

Good locations:

Location of properties plays a major role in real estate investment as it determines the value of the property now and in the future. Developers understand it better than anyone else.

That is why places like ibeju lekki is the main concentration of Lagosians for now in real estate investment. Same types of properties built in different locations don’t command the same price because of location factor. Accessibility brought about by construction of new road is a key element in value determination. Properties having basic amenities also command high value because of large market.

Avoid properties without good titles

Properties without good titles should be avoided, although they usually come cheaper and sometimes very attractive. About 85% of such properties usually have problems that are difficult to resolve. Avoid such properties without a good title like a plague, but if you must buy or rent such properties get a good lawyer.

Conduct a thorough legal search on the title document

Government Allocation, Certificate of Occupancy, Governors Consent are generally acceptable documents in property investment, but you must make sure that the documents are genuine. It is advisable that you identify properties with good title and conduct search on the documents. A property consultant or a lawyer can help you do that. You should also know the history of the land you want to buy.

Avoid flood areas, regulation lines and water shed areas.

A good real estate investor does not need to be told to avoid government regulation areas and flood areas that could affect the value of their property now and in the future. In Lagos for example there are different areas with different government town planning regulations; no development will take place without a good town planning approval. It is always necessary for property investors to consult the town planning authority at the initial stage to make sure no problems are likely to arise and all the regulations of the location are followed.

A flood area is usually an area that borders a lake, pond or river. If you notice any indication of delta plains, swamps, closeness of canal. River of dam to the property, this will tell you it is a flood area. You definitely want to avoid these areas when considering a piece of investment property. Nobody will want to live or buy property that is close to a canal or river.

Get the necessary approvals from town planning authority

It is very important to seek for approval from the authorities before developing your property as properties developed without approval can lead to demolition of the property after completion.

Use professionals in your construction and avoid fake building materials

The major cause of building collapse is the use of quacks. A normal building team should consist of Estate surveyors, Architects, Builders, Quantity Surveyors, Project Managers, Civil Engineers.

In conclusion, it is important to know that every opportunity that brings money is risky, therefore real estate investment may not be the right business for you if you are nervous.

Ways To Achieve Financial Freedom.

The main reason for having a savings is to gain financial freedom, which is why you must never dip into your savings.
It is very important you never touch your savings for frivolous reasons.
Saving money is a good thing, but savings alone will not make you wealthy.

It is what you do with your savings and what you don’t do with it that makes the difference.

The main reason for having a savings is to gain financial freedom, which is why you must never dip into your savings.

Here are things you should never do to your savings.

1. Spend it
It is very easy to spend money these days, even without having cash. With just an atm card, you can spend money anywhere by just swiping.

Don't spend your savings if you have no good reason to do so.  (Time)

This should be different with your savings. You should not spend what is in your savings at all. Until you have reached the saving limit you planned to achieve.

Spending your savings won't help you grow your savings well.

2. Loan it outs
Never loan out money from your savings to family members or friends. You can loan out money from another money source but not from your savings.

Yes, they are family, they are friends, they are friends of a friend. But you don’t know their ability to pay you back. So don’t take the risk.

There is always a chance that you might not get it back, so don't loan out money from your savings

3. Invest in what you have no idea about
You need to know some things before investing. Don't gamble in your savings by investing in something you have no idea about such investment.

If it sounds too good to be true, then it might be very risky to try. Your savings are meant to grow on its own with an effort from you. Don't be greedy and start looking for ways to double your savings. It just might not end well.

4. Give it out
It is good to be generous but you should not give out your savings all in the name of generosity.

Don't give out your savings all in the name of generosity  (Cnn)

Wait till you are financially secured before you think of being a philanthropist

Build your wealth first and then you can contribute to the society.

5. Leave it for so long in a savings account
It's  good to save and all but putting your savings for too long in a savings account without doing anything meaningful with it is not the best.

Especially with banks that pay very low interest on savings. Find profitable things you can do with your savings when you have enough.

The real value of money would have gone down in few years because of rising prices.

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Nigerians agonise over dirty, shortage of smaller naira denomination.

he quantity of dirty and unfit naira notes in circulation and scarcity of small denominations of N10 , N 20 , N 50 and N 100 notes , is becoming a major concern to Nigerians , especially those engaged in commercial transactions .
These days , even over - the -counter and Automated Teller Machines ( ATMs ) transactions are disbursing dirty and unfit notes , just as commercial banks and the Central Bank of Nigeria ( CBN ) trade blames over who is responsible, directly or indirectly, for the situation.
More worrisome to banks ’ customers is that ATMs have not only become outlets for these dirty and sometimes , unfit notes , but are also deliberately mixing them with few new notes and once dispensed , even the same bank do not accept them back when presented in the banking hall.
A customer of one of the top three banks in the country , who identified himself simply as Sampson , told The Guardian how he withdrew money across the counter and hurriedly left, but later discovered that two bundles of N500 notes were almost unfit .
“When I brought it back to them , they rejected the money and denied ever paying the money to me . I avoided creating a scene in the banking hall and could not push further because I was in a hurry to join a bus coming back to Lagos from Enugu,” he said .
Taofeek of Festac Town, Lagos , also mentioned that he went to deposit money in another top three bank , but the bulk teller rejected some notes and told him that if she collected them , the amount would be deducted from her salary.
“The notes were weak and some dirty, but the numbers are there and that was how I collected them , too, from others .
“In fact, one of my customers withdrew some of the notes in my very presence from the ATM and paid me . Why are they doing this ?” he queried.

A poll of customers in 24 branches of 11 different banks , including the top five banks , across Lagos , showed that there are more of dirty notes and some near unfit ones than clean notes in many banking transactions these days .
Another bulk teller said that his boss has told staff that the CBN charges banks for the unfit notes when returned for replacement .
But spokesman of the apex bank spokesman, Mr . Isaac Okorafor , has consistently debunked this , saying banks have deliberately refused to sort the dirty and unfit notes and return them to CBN and instead choose to mix them up and when this happens , it will be sorted by the CBN and the banks charged as such .
“They are playing tricks. They will see unfit notes and re - issue them again , because they don ’t want to make investments in sorting the money.
“It is their duty to return unfit notes to us and we will replace them with new ones.
“If banks sort the money before bringing to CBN, we don’t charge them , but if they don ’t , we will sort and charge them .
“It is only when they mix up the unfit and good ones together , which is what they do , that we charge them for sorting.
“But it is our duty to issue new notes in place of the unfit and that we have been doing,” he said .
He advised any person with such complaints to direct it to CBN’s consumer protection department through cpd @cbn .gov .ng , stating the name of the bank .
Okorafor reiterated that the problem for rejection should not be the dirtiness of money, but if the numbers on the money are complete , adding: “If the numbers are complete , no bank has any right to reject the currency , no matter how dirty it is .”
Across the country , shortage of small denominations is gradually affecting commercial activities and transactions , thereby affecting the economy of the middle and low -income class.
It is also breeding disagreement between service providers and customers , and “marriage of inconvenience ” between transporters and passengers .
Happiness , a tricycle operator in Enugu, charges his passengers according to their distance . Most operators of tricycle charge N 50 per trip . However , “it is always a problem , especially , in the morning hours , to get passengers , who would pay you the exact fare ,” he said .
Asked how he has been coping with the development, he stated that he either abandons the passenger with the N50 note or look for those he would drop on charter .
He said that getting lower dominations of the naira is now a difficult thing, adding that in some cases , they pair passengers to enable them settle for a higher denomination before they are taken to their destinations.
Michael Dibia , a resident of Ahoada , explained that the scarcity of smaller denominations have led to increase in the price of foodstuffs and transportation .
“I have observed of recent that you could barely buy spices used for cooking soup at N 5 or even N 10 . I blame this on the non -availability of smaller denominations . Most traders prefer to sell them at N20 or N50 and above . Before a customer buys something in the market these days , the seller will ask whether the customer has the required money. Very often, the customers , like me , have to compromise to buy what I don’ t intend to buy because of change . This is affecting the cost of living for people like us ,” he said .
Similarly, Tonye Oruwari , who owns a grocery in Port Harcourt , stated that in the absence of small denomination currencies , the grocery shops have evolved a unique way to address the issue by offering chewing gums and sweets against balance, in place of the small denomination currencies .
Also in Kwara State , while some traders complained of the scarcity , they agreed that it had assisted in swelling their profit margin .
Alhaja Afusat Wakilu popularly called “Iya Azeez ” at Lanjoorin Street, Murtala Mohammed Way , Ilorin, said many of her customers often forfeit their balances with her without realising the magnitude of gains conceded to her .
“For instance , if you buy a sachet of water that used to be N 10 , few months ago, some customers would insist on getting their N 10 balance while many others would not even wait for it. The implications of this is that such buyers without them knowing has added over 100 per cent gains to my profits margin ,” she said .
This has forced many traders to go to churches on Sundays , after services , to look for these denominations , from offerings , to enable them transact their businesses conveniently .
A source from CBN, who pleaded anonymity , said the concern now should be more about preserving the currency and the law enforcement agencies being alert to their duty , as notes are being destroyed by the activities of currency hawkers , who make brisk business at various party centres across the country , particularly , Lagos State .
Investigations showed that the sale of the clean notes for older ones currently goes for as high as 20 per cent of the value being exchanged , that is , exchanging N 800 new notes for N1000 old notes .
The source cited CBN Act 2007 , Section 21 , sub - section 3 and 4 , which said : “For the avoidance of doubt , spraying of , dancing or matching on the naira or any note issued by the Bank ( CBN) during social occasions or otherwise howsoever , shall constitute an abuse and defacing of the naira or such note and shall be punishable under Sub -section ( 1 ) of this section .
“It shall also be an offence punishable under sub -section ( 1 ) of this section for any person to hawk, sell or otherwise trade in the naira notes , coins or any other note issued by the bank .”
He urged Nigerians to embrace the alternative payment solutions being provided, such as the Point of Sale ( PoS ) , Internet and mobile money services to reduce cash -based transactions and preserve the available notes .

m.guardian.ng

Main Reasons Why Businesses Fail .

New organizations are springing up constantly. At that point can any anyone explain why up to 8 out of 10 new organizations fail before they are two years of age? Truth be told, right around one-fifth of new companies fail in the main year.

Obviously, no little representative needs to consider disappointment not long after setting up a constrained organization. Yet, comprehending what the potential traps are can turn out to be important. At the end of the day, gain from the mix-ups made by other private ventures and abstain from ending up some portion of the insights.

Here are 6 basic oversights that prompt business inability to keep an eye out for.



Beginning a business for the wrong reasons 

Diverse things rouse distinctive individuals to begin their own particular business. Some need to act naturally utilized and others figure it will give them more opportunity to go through with their family.

Whatever the explanations behind a start-up are, they are not really all great. Here are just a portion of the wrong motivations to begin a business:

You're just in it for the cash 

You abhor your present place of employment so much you'll effectively stop

You despise your supervisor the same amount of as you detest your activity

You figure working for yourself will identify with less work

A companion or relative persuaded you to go along with them as an accomplice

You believe being a business visionary is simpler than working a 9-to-5 work

Despite what might be expected, here are some great explanations behind your own business:

You've effectively approved your business thought

You trust you can convey something one of a kind and profitable

You as of now have some applicable experience to back you up

You have the essential assets to influence an accomplishment of a begin to up

Terrible administration rehearses

Business people aren't consequently great directors. Indeed, a considerable lot of them are horrible managers. In all actuality being a decent supervisor is useful for business. Some more motivations to chip away at your administration aptitudes are:

Time administration – It's anything but difficult to escape by thoughts, and not assess and organize assignments as indicated by significance and significance.

Business arranging – A start-up is destined to come up short without a legitimate strategy for success. This incorporates here and now and multi-year strategies for success to enable you to develop and create.

Holding top workers – A great administrator holds top representatives, which identifies with less time spent on administration, preparing, and enlistment.

Encouraging great connections – By driving with an uplifting outlook, remunerating great work, and giving individuals the flexibility to enhance and advance you make a gainful domain.

Deals and client administration – Keeping your well deserved clients is no simple accomplishment in the present focused commercial center. Remain a la mode about what drives deals and how to produce new clients.

Monetary administration – Don't disregard your accounting. Or maybe utilize somebody to deal with your money related explanations and assessment forms while keeping a nearby individual eye.

Not having enough start-up capital 

An absence of capital is a typical motivation behind why private venture fall flat. No business can get by with working capital or working assets. This is the measure of fluid resources expected to run and develop your business.

When in doubt of thumb, you ought to have enough start-up cash-flow to cover your costs of doing business until the point when it creates enough wage to manage itself.

The requirement for working capital features the significance of appropriate arranging before beginning a business. You should have a gauge of the expenses of beginning and remaining in business. Plan for enough start-up capital for no less than a year, or much longer until the point when you make enough from deals to take care of your running expenses.

One choice to secure start-up capital is a working capital credit. On the off chance that this isn't sufficient, here are some different plans to bring home the bacon:

Begin littler with what you have before proceeding onward to greater and better things.

Find different approaches to profit to put resources into your start-up, regardless of whether it's not straightforwardly identified with your business. This can incorporate going up against a moment employment or offering stuff on the web.

Concentrate your costs and cut where you can.

Discover what business stipends are accessible to help business people. In particular, apply! You'll never know in case you will get it on the off chance that you don't.

Search out private speculators who will back excited and objective orientated business people with great marketable strategies.

Setting up in the wrong area

Beginning up in the wrong area may end up being a lethal mistake. A terrible business area measures up to awful or
Non-existent business movement. In the event that your center focused on clients can't discover you, you should close your entryways before you even began.

Business premises which are found where clients can without much of a stretch drop by deliberately or by chance will outflank those whose administrations or items are difficult to get to. In the event that you don't have an online business, these are the things to ask when settling on the area of your physical business premises:

Who are your clients and where do they live and work?

How open is the area? Is there stopping, what is the activity circumstance outside?

How close or far are any conceivable contenders found?

In what condition is the premises? Would you need to contribute more cash to make it alluring or safe?

Are there any motivating force programs for business new companies in the territory?

No on the web or web-based social networking nearness

Each business these days must have a site. Regardless of whether you don't offer anything on the web, an expert looking site is instrumental in acquainting your business with potential clients.

A business site ought to incorporate the accompanying:

A Home Page with a short yet precise and powerful portrayal of what your business is about, with connections to a Services as well as Products Page.

An About Us Page, itemizing your identity.

A noticeable show of your physical address and contact subtle elements.

Connections to your online networking accounts.

Declarations from fulfilled clients.

It's sufficiently bad to simply have a Facebook, Twitter or Instagram account. You should be dynamic on these, posting frequently and connecting with your devotees. Any messages ought to be replied inside a few hours.

On the off chance that you offer the sort of administration or item that can likewise be sold on the web, an online shop is an additional advantage.

Overlooking items or administration offering focuses

As a business visionary, you should know the offering purposes of your administrations or items. Besides, you ought to have the capacity to effectively convey these to your representatives and clients. Neglecting to do as such, will bring about inauspicious deals figures.

Discover what your items' business point is and how it identifies with taking care of your client's concern. This doesn't mean shelling the client with exhausting item points of interest. Rather, he or she needs to know how the item or administration will make his life less demanding, brighter, or better. What's more, for that, he will part with some cash.

What it comes down to, is compelling correspondence. Regardless of whether you know your offering point, however can't impart it well, your message is lost. The accompanying 3 C's will enable you to conquer this issue.

Be clear – Do your clients have an unmistakable outline of your business and what it offers them?

Be succinct – Are you to the moment that conveying your pitching point to the client?

Be convincing – Is your message sufficiently powerful to persuade the client to put resources into your item or administration?

By recognizing what the conceivable reasons are the reason organizations come up short, you can guarantee that yours doesn't take after a similar way into obscurity like such huge numbers of others.

Know about the splits previously you vanish into the pit of fizzled new businesses. The establishment on which your business is fabricated will decide its survival.

Keep in mind, you are the main mystery to your prosperity. Disappointment was never a possibility for some of the present best business people. What's more, regardless of whether they made a portion of the previously mentioned botches, they gained from them and utilized that information to turn out more grounded on the opposite side.

Consequently, while trusting you can do it, likewise don't fear disappointment. Regardless of the amount you endeavor to limit your hazard, there is dependably a possibility of things turning out badly. On the off chance that this happens, don't be timid to contact tutors who've been similarly situated previously.

In conclusion, be understanding! Thoughts are quick to drop by however executing them requires significant investment. Keep it together.

COMPLETE GUIDE TO STARTING A BUSINESS

In a business, you are your own boss! How well do you agree with this statement? If you are a kind of person who is calculative and clever enough to understand how the market works then starting a business is the best option for you. And, in case you have fewer funds, but a great potential, then you must go for import/export business which requires less capital and returns huge profit. But starting an import/export business is not as easy as said. There are various things that should be kept in mind. Before getting started, you must ask following questions to yourself:

1) Why Did You Choose Import/Export Business?
This is the most important question that you should ask yourself before getting started. Once you have made sure that this is the field you want to excel in, nothing can stop you. There are various factors which will interest you to start this business. Unlike other business, Import/export business does not require an office space; in fact, it can be started with a telephone call. But along with this, you would need a file system, business cards and a machine to answer the phone calls. Once these things are checked, you would now be required to make a website for your business which would include your logo, your business profile and your contact details.

2) Do You Have Enough Contacts To Start With It?
Since, you have just started with it; you will not have a lot of relevant contacts with you. What you need to do now is to find and extract contacts from your relatives, acquaintances or from a known entrepreneur. There is one more way to build your contacts which is through the Chambers of Commerce which is there in every city. It is okay if you do not have prior experience because what this business requires most is the will and determination to continue to move forward and collect as much experience as possible to glitter among the other businessmen in the market.

3) Who Will Be Your Target Customers?
This is quite an important factor on which your sales and profits would depend. Either you follow your gut feeling or the best option to find it out is by contacting the sellers of respective market and doing a research on what is being demanded more in the market. Send e-mail to the collected contacts introducing your business profile and wait for their reply. On the basis of their reply, send them another email asking about their preferences and what exactly do they want to sell in the market. A person who is well-informed and aware of the contemporary trends can definitely flourish in this business and can make a huge profit out of it.

4) Where Will You Get The Goods From?
After having collected all the required information, now comes the question of procurement of goods. You should be confident enough while convincing the manufacturer to make you as their only export agent. You have the contacts, paperwork, shipping details, money which you will provide to the manufacturer. In return, the manufacturer will provide you quotations along with his fees. A manufacturer is a person who helps you in establishing your business so make sure that there is no room for any kind of glitch while dealing with them. To start with, make the local manufacturers your target. Make sure that you check his background and the companies that he deals with to check his goodwill and reputation with other companies.

5) Do You Have Enough Funds? If No, How Do You Plan To Manage It?
You now have the information, you know which products you want to start with but do you have enough funds to purchase them? To make sure a continuous cash flow, you need to build healthy relationship with a local bank nearby your area or somewhere else, whichever is more reachable. This is one of the most beneficial factors of doing import/export business as you would never need a personal cash outlay. Your bank will take care of it. But make sure that you maintain a good reputation with the bank for an uninterrupted cash flow. Apart from cash, your banker will also suggest you best deals and offers to opt for. It will also help you to publicize your name by distributing booklets and pamphlets to its customers.

6) What Will Be Your Terms Of Shipping?
Once you would observe the methods and criteria of other importers/exporters, you will become more familiar with the terms of shipping which are used in the process of quotation of prices and delivering goods. This will be done with the help of freight forwarder, a person who will be responsible for various steps involved in shipping the merchandise. Along with this, he will quote shipping rates and provide routing information. Next, there will be a bill of lading which is a receipt for the goods shipped which will then be signed by the shipping agent or by a common carrier assuring the buyer with the quality of goods delivered, in the same condition as they were sent in.

Conclusion:
You were worried that how and where would you collect the information to start an Import/Export business? I feel that we have just made it a bit simple for you. Once you have understood them all, you are just ready to get started!

BUSINESS PLAN ON MODERN BEAN FLOURS AND FUFU FLOUR PROCESSING

          CONTENTS

           Introduction

           1.0 Executive summary

           1.1 vision statement

           1.2 mission statement

           1.3 Objectives

1.4            Core values

           1.5 key to success

           2.0 Business location

           2.1 Equipment and price

           2.2 production capacity

           2.3 Price of the plant

           2.4 Raw material

           2.5 Production Programme

           2.6 Technical and Other Requirements

           3.0 Management of the company.

           4.0 The products

        4.1 Overview of Cassava Sector

        4.2 Production Pattern

           5.0 Production process

           6.0 Start-up summary

           6.1 Market Analysis

           6.2 Marketing Strategy 

           6.3 Sales Strategy

           6.4 Swot Analysis

           6.5 Marketing Strategy and Sales Strategy

          7.0 Sales Forecast

          8.0 Sources of income

          9.0 Our pricing Strategy

         10.0 Payment option

         11.0 Web plan summary

         12.0 Development Requirement

        13.0 Personnel plan and business structure

         14.0 Manpower Requirement

         15.0 Financial Plan

         16.0 Break-even Analysis

         17.0 Projected profit and loss         

         18.0 Proforma cash flow

         19.0 Proforma Balance Sheet

         20.0 Checklist/milestone

   21.0 Social Economic profitability of the project

   22.0 Other application of the plant

   23.0 Conclusion

          

1.0 EXECUTIVE SUMMARY:

Introduction

Cassava is God’s gift to the tropics because it can grow in poor soil with inadequate rainfall. The starchy roots of cassava are major source of food for more than 700 million people all over the world. It ranks third in order of staple food crops in developing countries after rice and maize. It is called Manic in French, Tapioca in Latin America, Mandioca in Portuguese. It has universal application.

Nigeria is world’s largest producer of cassava. We produce over 41 million metric tons per annum and we are followed by Brazil, Thailand, Zaire (now Democratic Republic of Congo), Indonesia. Thailand export over $20 billion worth of cassava products annually. Nigeria has tried to expand the local cassava business through the Composite Flour Initiative and the Cassava Empowerment Fund but so far they have attained little success. Cassava is produced in all the southern and Middle Belt State of Nigeria.

In Nigeria, comparing the output of various crops, cassava ranks first and it is about the most popular crop in Nigeria. The unpeeled roots can be used as animal feed whilst the leaves are added to animal feed as a source of protein. It provides basic sources of dietary energy. Cassava has great industrial value as it is used for industrial raw material by many industries, such as the bakery, flour, confectionery, adhesives, pharmaceutical, textile, paper and brewery, distillery industries. The Economic importance of this crop can therefore not be over emphasized.

The demand for cassava in recent time is increasing such that the supply can’t measure up in the nearest future demand will be so overwhelming that initiatives such as the proposed cassava – to – fuel factory in Kogi may be initiated by a Nigerian consortium. The demand for cassava by such a factory will be very high in order to match up to their market demand.

The demand for cassava cuts across many industries and many users in Nigeria. It is largely utilized as staple food with industrial potential, suggesting that the demand for cassava in the country is very high.

Fufu is produced from cassava tubers and is the commonest stable food in Nigeria consumed by over 130 million people. We consume about 7.7 million tons of fufu per year and it comes to about 30.7 million tons of our cassava production. This shows that about 75 percent of our cassava output is consumed as staple while only 25 percent is used as raw materials for starch, chips, pellets and flour which are industrial raw materials that can be exported. Our actual annual demand for fufu is 12 million tons but to accomplish this, the production facilities must be improved and upgraded and cassava product must also improve.

Our population grows at the rate 3.5 percent annually and this means that the food capacity must also grow commensurately. Fufu is produced in the rural areas by local women and the process is full of drudgery and stress thus most of them are giving up the trade and the young ones are not interested because they prefer life in the cities. The modern Fufu processing plant is designed to fill this void.

A fufu processing factory can be located anywhere, as long as you as you can get access to the raw materials mostly cassava tubers. Many micro and small factories of this kind were encountered in the rural areas during the

field research for this article. More than half of these factories were owned and

operated successfully by women with little or no education. The rural areas are ideal for fufu processing because that is where the cassava farms are, and you do not need much else. Training requirement is basic education. Additional training could be acquired in process technology from a university or technical

institute. The business has the potentials to grow into a major agro-allied Processing business. Products and Services: The basic product is fufu. However, it is possible to diversify with production of starch and plantain, especially in the long term.

Beans is a good and affordable source of protein, used in preparing akara (bean balls/bean cake), ‘danwake’ (bean dumplings) and moi-moi (bean pudding). The preparation process for these foods is usually long and stressful; the bean seeds are sorted, dehulled, ground, etc before the main cooking begins. Some women, to prepare akara for breakfast, spend the previous day just preparing the bean seeds.

Bean flour eliminates all the stress in preparation, saving time, energy and cost. The demand is huge – think of all the families having rice and moi-moi for dinner. Another reason is, bean flour has a long shelf life. The problem with bean paste is: you prepare only what you need for the moment. Using bean flour, you can make moi-moi anytime you want without having to run to the mill all the time.

Essentially, there are 3 phases in bean flour creation:

Pre-Processing: This includes getting crude materials (bean seeds) to begin with. Darker and white Beans which are the fundamental crude materials for beans flour are for the most part accessible and developed in the northern pieces of Nigeria. You have to ensure that the assortments you use are solid and liberated from weevils invasion.

Handling: The contrast between making bean flour and getting ready bean seeds for sure fire use is drying. Handling includes arranging (evacuating the stones and waste), dehulling (expelling the external layer), drying, processing and filtering.

Bundling: How you bundle is altogether up to you. The more imaginative your marking and bundling, the better. Google 'bean flour' and see a portion of the manners in which different brands are bundled, at that point enhance that to make your remarkable image.

Potential Profits

       In cassava farming, the projected income also depends on the capital that is invested. The bigger the capital investment, the bigger the profits will be. If you start with huge capital, the returns on investment will be bigger and faster due to having more efficient and effective machinery, storage and processes that can help you take advantage of opportunities, and high demand.

Despite this, due to Nigeria’s agricultural transformation agenda there is a rapid growth and competitive edge that is emerging in smaller factories. This can be linked to the increase in the amount of cassava tubers being produced.       Nigerian entrepreneurs and cassava farmers are no longer in doubt that cassava farming is a profitable business.

      The big cassava market in Nigeria, and the high costs and duties related with importing by products of cassava, make local production highly attractive. The Nigerian government has also introduced favorable incentives in order to promote local production.

For the complete business plan contact:
Charllychim Ventures
Call/whatsaap : 09023301229
charllychim@gmail.com