Make n150000 monthly sales akara business widow

Here's a potential business plan for an akara business that generates N150,000 in monthly sales:

Business Name: Akara Delight

Location: Lagos, Nigeria

Objective: To establish a successful akara business that generates N150,000 in monthly sales, providing a sustainable income for a widow and her family.

Market Analysis:

• Akara is a popular breakfast food in Nigeria, and there is a growing demand for high-quality, freshly made akara.
• The target market is busy professionals, students, and families who are looking for a quick and nutritious breakfast option.
• The competition in the akara market is moderate, with a few established players, but there is still room for a new business to enter the market and gain a significant share.

Product and Service:

• Akara: Made from fermented bean paste, onions, and spices, our akara will be cooked to perfection and served hot.
• Varieties: We will offer three varieties of akara: plain, spicy, and sweet potato.
• Packaging: Akara will be packaged in biodegradable containers to ensure freshness and convenience.
• Delivery: We will offer delivery services to customers within a 5km radius of our location.

Marketing Strategy:

• Social Media: We will create a strong online presence through Facebook, Instagram, and Twitter, sharing high-quality images and videos of our akara, as well as promotions and discounts.
• Word-of-Mouth: We will incentivize customers to refer friends and family by offering discounts and freebies.
• Partnerships: We will partner with local businesses, such as cafes and restaurants, to offer our akara as a breakfast option.
• Events: We will participate in local events, such as food festivals and markets, to showcase our product and build brand awareness.

Operations:

• Production: We will produce akara in a commercial kitchen, using high-quality ingredients and equipment.
• Staffing: We will hire a team of experienced cooks and sales staff to help with production and sales.
• Logistics: We will source ingredients and supplies from local markets and wholesalers to ensure freshness and quality.

Financial Projections:

• Monthly Sales: N150,000
• Monthly Expenses:
  • Ingredients and supplies: N50,000
  • Staffing and labor: N30,000
  • Marketing and advertising: N20,000
  • Rent and utilities: N10,000
  • Miscellaneous: N10,000
• Net Profit: N30,000

Action Plan:

• Month 1-3: Establish the business, source ingredients and supplies, and hire staff.
• Month 4-6: Launch marketing and advertising campaigns, and participate in local events.
• Month 7-9: Optimize production and logistics, and expand delivery services.
• Month 10-12: Evaluate performance, and make adjustments to the business plan as needed.

Conclusion:

Akara Delight has the potential to become a successful and profitable business, providing a sustainable income for a widow and her family. With a solid business plan in place, we are confident that we can achieve our objective of generating N150,000 in monthly sales.