Brief Overview of Paint Production Business in Nigeria

Paint manufacturing business in Nigeria is an endeavor that will leave you without any regret. This is due to the fact that paint production is a really profitable business that you could begin without the need for huge funds. This paint manufacturing does not need a lot things to start it however this is a trick lots of people who are outside the business do not know. In this article we will review ways to begin paint production business in Nigeria from scratch. Paint production organisation is great and you barely go days or weeks without landing a contract that will need you to supply paint. This is why paint production business is growing in Nigeria as everybody see light in the business from people who are doing well in the business.

Potentials of Paint Production Business in Nigeria

Paint production in Nigeria has a huge future and can bring you a great deal of cash even today. Paints of a top quality are needed constantly. They are required for exterior and interior designs of buildings and constructions and the higher their quality is, the better the demand for them also. If you have actually ever made some renovations, you do understand how much paint is needed to create a wonderful finish. The cost of producing a 20-litre container of paint is N600 and it costs N4000. So, if you produce 1000 litres on a daily basis; you can generate as much as N4000×50= N200,000 in incomes daily

Step by Step on How to Start Paint Production Business in Nigeria

These are the steps you will take if you really want to start paint production business in Nigeria;

Planning

In every business there is constantly a planning stage. In this phase you need to plan your business and understand what and how it will be run.

Registration

Registration of your business name is another phase in your journey of becoming a paint producer. Registering your business with corporate affairs commission is a great way to begin so as your business will be incorporated and you will be given a full opportunity to run your business lawfully.

Location

Here you need to consider where you wish to site your business. This depends on the market you wish to target in your business however the main point here is to target a location where there are potentials for customers like area which is receiving migration and new settling which will provide you the possibility as there will be new buildings that will need painting. By doing this you can get contract from owners of those buildings and start building your list of clients.

Constructing your Equipment

While you might not have to begin in this manner by building your devices and equipment that will be used like the paint mixer and various other things it is still required to discuss it since eventually in your journey of paint manufacturing you will require paint mixer particularly when you start getting orders from clients around your area . Aside from that, if you are starting new and you lack capital you can constantly improvise by using drum and shovel method. When you understand ways to produce you might also not require drum however produce in a container but this relies on the quantity. So, you ought to identify what and what you need which implies if you are opting for a large-scale production you will have to make an appropriate preparation as it is going to need a huge capital for all the devices and product you will need throughout running your paint production firm. When you are done with the equipment construction then you ready to go.

Purchase of Paint Chemicals

We have talked a lot concerning other things that will be needed to run a paint business and now we have come to the chemicals that have to be purchased for you to start your business instantly. Cost of paint chemicals and products are increasing every day and this brings us to the reason I will always suggest to acquire in large quantities and this will help you a whole lot as well as to the point of making more cash. If you are buying painting material in large quantity particularly from the genuine firm you will be sure of the material that is sold to you. Getting in small quantities specifically chemicals like Nitrosol you might be tricked and you will end up getting the one that is mixed with calcium. This likewise is happening to other products where by the seller might have tampered with it. That is why we always recommend you to purchase from a sealed container that is direct from the original firm. When you purchase a sealed chemical product, it will be difficult for you to be cheated.

Overview and Features of the Excel Template

The excel template comes with a powerful presentation and a thorough financial analysis and model for succeeding in this business venture. The template will enhance your chances of getting grants, attract investors and bank loans.

Inside this template, you will get:

1. 3 years Income Statement.
2. 3 Years Financial Position
3. Cash flow Statements
4. Trial Balance and Account Charts.
5. Automated Macros to make the template faster, user friendly and accurate with little or no manual input.
6. 24/7 Support from our team of financial experts and analysts.