business plans prices zimbabwe

Startup plan

A startup plan is a business plan a new company gives to potential investors in the hopes of receiving startup funding. Startup plans operate as initial plans that businesses can adjust as needed as a company grows. A comprehensive plan will include the following information:

• Executive summary
• Overview of the company
• Management background
• What service or product the company provides
• Value proposition
• Strategic marketing plan
• Market evaluations
• Projected startup costs
• Cash flow projections and income and profit expectations

Within the financial section, a business also needs to explain the exit strategy for investors and how specifically the company plans to use investor money.

Strategic plan

A strategic business plan details the strategies a company will use to achieve its overall goals. Most strategic plans include five main components:

• Company mission statement
• Company vision
• Key factors for company success
• Strategies to meet goals
• Implementation deadline

Strategic plans are usually for internal purposes only as a foundational plan for an entire organization. When creating this type of plan, management needs to assess the strengths of the company and indicate areas that can improve by using a SWOT analysis. A SWOT analysis stands for Strengths, Weaknesses, Opportunities and Threats and gives organizations a greater awareness of factors that affect business decisions. By performing a SWOT analysis management can determine which strategies are best to implement to leverage its strengths, choose the right opportunities and overcome potential challenges uncovered by the evaluation.

The deadline implementation portion of the strategic plan outlines how the chosen strategies move the company toward its defined milestones. This may include guidelines for allocating resources and key dates for completing various objectives.

Feasibility plan

A feasibility plan is written when a company is seeking a new business venture such as producing a new product in an existing market or selling current products to a new market. This plan type details what market will want to buy the product or service and if that new venture will result in a profit worthwhile to the company. Feasibility business plans normally only include information about how well a product will sell or if the proposed market exists and will provide a high return on investments. This type of plan may require market research in the form of crowd-funding or product-testing to determine a product’s viability in the marketplace.

Operations plan

An operations plan, also called an annual plan, focuses on mapping out the day to day operational activities a business needs to complete to achieve tactical goals and is part of strategic planning. This plan type details the responsibilities of management, departments and employees and how they contribute to the company’s overall success. Operations plans also cover:

• Organization objectives
• Activities required to complete objectives
• Resources needed for activities
• Staffing requirements
• Implementation deadlines
• Progress tracking processes

Operations plans are also used to justify an increase in operating budgets, normally requested on an annual basis.

Expansion plan

An expansion or growth plan is used when a company is looking to grow and the development requires greater resources like a financial investment, materials for new products and an increased number of employees. Businesses can create growth plans for external or internal reasons and include different information.

External growth plans are written when expansion requires the assistance of outside investors. These plans include as much detail about the company as possible for investors to decide on financing the company’s development. Details needed in an external growth plan are lengthy. Some details required include:

• Full company description
• Thorough details about services or products
• Background on the management team
• Detailed financial projections
• Data and full analysis of market research
• Funding request
• Notable company achievements

External growth plans are written with the assumption that a bank or investor has little to no information about the company, so they normally include everything a standard business plan does with more in-depth details like a startup plan to cover as much as possible.

Internal growth plans are written when company growth is funded from the business’s own revenue. This plan needs to include estimated expenses and projected sales but does not need to go into details regarding the company or product.

What-if plan

This type of plan is crafted when a business is seeking financing, considering an acquisition or contemplating another possibly risky move and needs to have a plan for a worst-case scenario in case they encounter less than ideal circumstances. A what-if plan is less formal than others and serves more as an alternative to the original business plan.

For example, if a business needs financing they would likely have a very detailed growth plan for potential investors to review, but would also have a contingency plan that takes into account the least ideal situation their business may endeavor, like a huge loss in market share, and how they would proactively and strategically react to avoid a crisis.

What-if business plans also help management considering the potential effects of making large business decisions like expanding its workforce, raising product prices or choosing to merge with another company.

One-page plan

A one-page plan highlights the most important parts of a lean plan, summarizing a business, and is used to brief potential investors and partners about the basic details of the company. This plan explains the company’s product or service, who the target market it and includes a sales forecast. It also includes a company description spotlighting the company’s values and mission. This is also known as a business pitch.

Our Plans, Services & Resources!

Every business starts with a vision, which is distilled and communicated through a business plan. In addition to your high-level hopes and dreams, a strong business plan outlines short-term and long-term goals, budget and whatever else you might need to get started. In this guide, we’ll walk you through how to write a business plan that you can stick to and help guide your operations as you get started.

Why Choose Us?

Drafting the summary.

An executive summary is an extremely important first step in your business. You have to be able to put the basic facts of your business in an elevator pitch-style sentence to grab investors’ attention and keep their interest. This should communicate your business’s name, what the products or services you’re selling are and what marketplace you’re entering.

• Conduct Market Research
• Create Financial Plans
• Business Operations Costs
• Other Costs
• Bottom Line

Ask for Help

When drafting the executive summary, you should have a few different options. Enlist a few thought partners to review your executive summary possibilities to determine which one is best.

A business plan is a document that defines in detail a company’s objectives and how it plans to achieve its goals.

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How to Write a Business Plan for Your Zimbabwe Business

Max Soutter

In this post:

• The two kinds of business plans – most business people only know about one (and suffer for it).
• What you absolutely need to know about how to write a business plan that succeeds. If your plan lacks these, you’ll never get a cent from investors.
• The biggest mistake entrepreneurs make when they hire a business consultant to write your business plan.

Firstly there are two kinds of business plans

• The kind you write because you’re actually planning for your business.
• The kind you write to convince someone else to believe in your vision.

The worst business plans, the ones least likely to succeed in actual implementation are the kind written purely for the bank. In other words, your business needs a plan, not because you’re trying to convince an investor, but because your vision is real and you’re serious about succeeding. A common approach in Zimbabwe and in most places is to hire a consultant to write a business plan for you.

Warning, before you hire a business consultant: beware! Make sure their process isn’t to simply cut and paste a template, and write the whole thing for you. It’s faster and easier that way, but it’ll disadvantage you. Instead your business consultant’s role should be to help YOU write your own plan, not write it for you.

You see, a mega benefit of writing a business plan is the incredible mental clarity it brings to you. That clarity will affect your confidence, decision making and daily agenda is a way that you wouldn’t believe. Personally going through the process of writing down a full business plan forces you to crystallize your thoughts and insights in an amazing way. That kind of mental clarity is what separates top entrepreneurs from the rest but it’s not for the lazy.

In Zimbabwe now there are very many business consultants claiming expertise in all kinds of things, be sure that whoever you choose to hire is made of the right stuff.

Laughing all the way to the bank?

Once you have absolute clarity on your business and your plan for the business, you need to communicate it to others effectively. If a business investor or any local bank in Zimbabwe is going to give you a loan, then they expect several basics from you…

1) Prove that the opportunity is genuine. That means you need market data. Just because no one else is selling a certain kind of technology doesn’t mean there’s an opportunity there because they may be no demand for that particular solution. On the other hand, if you can show an investor a real, reliable and long-term trend that’s creating a whole in the market that you can fill…you’re off to a good start.

2) Demonstrate that your team is capable of success. Show how your team is well able to implement this plan and make a success of this business opportunity. Talk about relevant experience, past successes and anything that gives your team the believability you need to reduce the risk in the mind of the investor.

3) That when they do, the revenue will outweigh the investment made. At every one of these three stages, you are showing the reader of your business plan that the risk of giving you the money is low and the reward is high. Think in these terms, because that’s what it comes down to. This is where your marketing needs to weigh in. In most cases, I’d consider the marketing plan the most important part of the whole plan, after all, nothing else matters if you can’t get a customer.

4) What happens if our plan doesn’t work? There’s a really high chance that no matter how good your plan is, it may not work. Don’t resist this reality, embrace it. Perhaps you overestimated the demand, underestimated the costs or forgot to estimate the competition – for whatever reason your plan may fail. It’s smart business to have a plan B . The more flexibility or adaptability your plan has the better and the higher the chances of success. Smart investors or potential partners want to see this. If absolutely everything in your plan has to go right for your ultimate success, then you have a poor plan. Think again.

5) Collateral. Ultimately, if you’re dealing with a bank, or any conventional investor or money lender, they want to see some collateral. Collateral basically means ‘what can you offer as a guarantee for your loan’. A house, a piece of property, some sort of valuables – anything that far exceeds the value of your loan and can be easily sold to recover the money you’ve failed to pay back.

Of-course, it’s really collateral that keeps most people from being able to get a loan in the first place. I mean if you had a half a million dollar house to guarantee a loan, you probably wouldn’t need the loan in the first place right?!

For this reason, I urge entrepreneurs to be a little more creative than just going to the bank. Banks don’t make their money by risking money to your dream come true, they make it by avoiding as much risk as possible.

If you’re creative, and educated on how to present and persuade , then you’ll find that you often have many more options than a bank loan. Options that will often give you much better and easier pay-back terms.

As far as the actual writing of your business plan goes, remember the following

• Make sure your plan/ idea is well thought out
• Write clearly and concisely
• Use a clear and logical structure throughout

And that’s it (for now). Using the information above, you more effectively plan and present a plan for your business.

Yours for smarter business,

Max Soutter is the founder of the Business Setup Group . An organization dedicated to helping entrepreneurs start-up and grow businesses the smart way. He blogs at  http://bizsetup.wordpress.com where this article appeared first. Email Max directly on  [email protected] for help with your business setup, internet marketing strategy or corporate marketing efforts.

Thank you for this. It is a very helpful article. i will refer others to your good work here.

As always Max, this is good, very helpful – especially points number 1, 2 & 3. I think i have lacked clarity on some of these in my own planning.

I wish you had elaborated more on the creative ways to finance a business besides going to the bank…is it possible to get a part two of this article?

Hi ML, thank you, glad you found it useful. Stay tuned for a part two not too long from now.

Thanks,the artictles are a real eye oponer to reality. They have helped me a lot

Ya very good one. A business plan, especially the marketing and financing side of things is extremely important for a new venture.

The piece is a mind opener to young enterprenuers like myself. Some of your points were removed some pot holes in my road to success hence slow growth of my business. Thanks techzim guys.

like this   you actually innspire  me  when I  am at  this  stage  of  changing  my  dental business  to a  success  story,,,,[email protected]

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Doing Business in Zimbabwe

Essential information is provided here for investors seeking avenues to invest in Zimbabwe, coupled with a comprehensive guide on establishing a business within the dynamic economic landscape of Zimbabwe.

• There are three ways to invest in Zimbabwe:

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This is where you wish to start a private business in Zimbabwe. You can own 100% of your business to get your investment off the ground.

Public Private Partnership

This is where you wish to partner with the government, a local authority, or a state-owned enterprise to run a business..

Special Economic Zones

Zida designates and regulates special economic zones (sezs). you can apply to develop an sez, operate an sez, or run a business in an sez., looking to establish a business in zimbabwe.

Establishing a business in Zimbabwe is a straightforward process. We have created a checklist and compiled the required investment licenses to facilitate a smooth commencement for your business venture.

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Free Download: Business Plan Template

Here is a free business plan template you can use when applying for business funding

 Project Proposal Guideline

  1.Introduction

To introduce your business and your intended business activities. It may include the following:

• Name of the business;
• Type of ownership (e.g. sole proprietorship, partnership, co-operative, or company;
• Location and principal activities;
• Expected major achievements

2.Executive Summary

To give a quick overview of what is contained in the business plan.

a) Nature and Background of Business

• Name and type of ownership;
• Major investors and management;
• Principal activities;
• Competitors.

c) Strategies

• Overall marketing strategy;
• Production capacity.

d) Expected Annual Financial Results

• Cash levels

3.Overview Of Industry, Market, Product/Service And Business

To provide the data needs of the business and the quantitative base for the market information upon which the planner will develop business strategies and sales forecasts

a) Industry Analysis

• Name of industry segment that your business will go into;
• Size and growth patterns of segment e.g. units produced/sales per annum;
• Characteristics (competitive forces, capital labour requirements).

b) Products/Service of your business

• Name and describe the product/service
• State competitive of your product or service

c) Nature of Business

• Name investors and the amounts to be invested;
• Brief history of the business in terms of past achievements in assets, annual sales/profits;
• Or forecasts if proposal is foe new business.

d) Market Analysis

      i) Target Market Area

• State area in which your product/service will be sold;
• Size of target market area (i.e. amount of product/services needed to satisfy demand in target area e.g. annual unit consumption or sales;
• Growth /decline trends of your target market;
• Estimated annual sales i.e. your market share (your forecast annual sales as a percentage of total demand in the target market area).

    ii) Customer Profile

• Your potential customers within the target market area (individuals, organisations and institutions);
• Consumption/buying patterns (how often and how much they buy the product/service);

      iii) Competition

• Name (at least 3) major competitors supplying/servicing your target market;
• Competitors size, strength and weaknesses;
• Your business competitive advantages.

BE ADVISED: if you cannot sell it don’t make it!

4. Strategy Formulation

To decide on how the business will operate to be able to sell profitably within the market and industry.

a) Marketing Strategies

      i) Advertising and Promotion

• Advertising media;
• Other promotional activities;
• Frequency and monthly cost of advertising and promotion

ii) Pricing

• Product/service prices;
• Average product/service mark-up;
• Pricing considerations e.g. cost, competitors prices, target customers, product quality etc.

      iii) Methods of Selling and Distribution

• Ways of supplying e.g. counter sales, in-house sales, sales agents, etc.

       iv) Selling Terms

• Cash and discounts;
• Credit sales, credit limit, credit period, etc;
• Guarantees and conditions of guarantees;
• Packaging and after sales service.

b) Operations and Production Strategies

       i) Premises and Facilities

• Size of premises needed;
• Facilities, (water, power, storage, etc);
• State whether premises will be rented, leased or owned.

      ii)Machinery/Equipment and Raw Material (Stock) Requirements

• Machines, tools, motor vehicles, furniture and fittings and sources of supply;
• Raw material/stock requirements and sources of supply.

iii)Production Methods

• Production stages
• Production capacity (i.e. output per given time).

c) Organisational Strategies

      i) Key Personnel (Management)

• Key operational staff;
• Job functions and descriptions;
• Ownership in the business;
• Compensation (salaries, benefits, etc)

      ii) Staffing Plan

• Job functions/titles;
• Number of people per job within the next 3 years;
• Salaries/wages offered per job;
• Conditions of service.

      iii) Management Assistance and Staff Training

• Training for management in relation to weakness areas;
• Training plans for other staff;
• Training institutions to be used for staff training.

      iv) Supporting Professional Services

• Professional services required by the business, i.e. essential services but not required on regular basis and sometimes your business cannot afford to employ a full time person e.g. accounting;
• Organisations that will provide the service and annual cost of these services.

      v) Action Plan

• Three year plans stating main goals to be achieved such as annual sales/profit. Forecasts and major capital acquisitions or intended expansions;
• Detailed outline steps to be taken to achieve year 1 goals;
• Threats to business’ success and plans to overcome them.

5.Financial Forecasts

To forecast the results that are expected in the strategy formulation section and to outline the investment to be made to achieve the results

      a) Start-Up Costs

• Details and cost of initial business requirements. (These include assets that are already available. If you intend to import, the costs should include freight and clearance charges);
• Start-up costs include: Land, buildings, machinery, equipment, vehicles, stock (materials/finished goods), working capital,

       b)Sources of Finance

• Equity – what owners will contribute including any assets already owned and intended for use in the new business;
• Loan required i.e. total start-up requirements less total equity provided, repayment period in years, and expected interest rate %.

      c) Sales Forecasts

• Monthly breakdown of annual forecast sales taking into account seasonal variations;
• Seasonal variations;
• Total annual sales.

      d) Profit and loss Forecast

This is a statement which compares revenue generated from the sale of goods in the business’s usual line or service provided, with regular expenses incurred in the day to day running of the business to find out how much profit and loss has been made.

A detailed proforma profit and loss statement showing sales and operating expenses month by month will be required for year one and on a quarterly basis for years two and three.

Cash flow Budget

This is a detailed forecast of the business cash position at given point in time, showing sources and amounts of cash to be received (inflows) and intended payments (outflows) and forecast cash balances at the end of every period. Details of inflows and outflows will be shown month for year one and then quarterly for years two and three forecasts.

Balance Sheet

A balance sheet is a classified statement showing business’ assets (what the business owns) and its liabilities (what it owes). It is intended to show a venture’s financial positions at a point in time. A forecast balance sheet must therefore show the following;

• Fixed assets
• Current assets
• Current liabilities
• Working capital
• Net Asset Value
• Owners Capital
• Long terms loans
• Total Capital employed

  e) Explanations to Projections

This explains the basis for years 2 and 3 forecasts

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How to Start a Microfinance Business in Zimbabwe

• Author Content Team
• Published March 15, 2024

Microfinance is a form of financial services that provides small loans , savings opportunities, and other basic banking services to individuals and small businesses who lack access to traditional banking systems. In Zimbabwe, where a significant portion of the population lives in poverty and has limited access to formal financial institutions, microfinance plays a crucial role in promoting economic development and empowering the underprivileged.

The main objectives of microfinance in Zimbabwe are:

• Poverty Alleviation : By providing small loans and financial services to low-income individuals and entrepreneurs, microfinance enables them to start or expand their businesses, generate income, and improve their living standards.
• Financial Inclusion : Microfinance institutions (MFIs) bridge the gap between the unbanked population and the formal financial sector, offering them access to credit, savings, and other financial services.
• Empowerment : Microfinance empowers individuals, especially women, by giving them control over their finances and enabling them to become self-sufficient and financially independent.

In Zimbabwe, microfinance has been instrumental in various sectors, including:

• Agriculture : Providing small loans to farmers for purchasing seeds, fertilizers, and equipment, enabling them to increase their productivity and income.
• Small Businesses : Supporting entrepreneurs with capital to start or expand their businesses, thereby creating employment opportunities and contributing to economic growth.
• Education : Offering loans for school fees and educational expenses, allowing families to invest in their children’s education and break the cycle of poverty.

The importance of microfinance in Zimbabwe cannot be overstated, as it plays a vital role in addressing poverty, promoting financial inclusion, and driving sustainable economic development in the country.

Legal Requirements for Starting a Microfinance Business in Zimbabwe

Before embarking on the journey of starting a microfinance business in Zimbabwe, it is crucial to understand and comply with the legal requirements set forth by the government and regulatory authorities. Failure to do so can result in severe consequences, including fines, legal disputes, and potential closure of your business. Here are the key legal requirements you need to consider:

Registration and Licensing

• Register with the Registrar of Microfinance Institutions : In Zimbabwe, all microfinance institutions (MFIs) must be registered with the Registrar of Microfinance Institutions, which falls under the Ministry of Finance and Economic Development. This registration process involves submitting various documents, including your business plan, articles of association, and information about your directors and shareholders.
• Obtain a Microfinance License : After successful registration, you will need to apply for a microfinance license from the Reserve Bank of Zimbabwe (RBZ). The RBZ is responsible for regulating and supervising the microfinance sector in the country. The licensing process involves meeting specific capital requirements and adhering to prudential regulations.

Capital Requirements

The RBZ has set minimum capital requirements for different categories of microfinance institutions. These requirements are subject to change, but as of 2023, the capital requirements are as follows:

It is essential to ensure that your institution meets the applicable capital requirements before applying for a license.

Compliance and Reporting

Once your microfinance business is operational, you will be subject to ongoing compliance and reporting requirements set by the RBZ and other relevant authorities. These may include:

• Prudential Regulations : MFIs must comply with regulations related to capital adequacy, liquidity management, risk management, and corporate governance.
• Anti-Money Laundering (AML) and Know Your Customer (KYC) Regulations : You will need to implement robust AML and KYC policies and procedures to combat money laundering and terrorist financing activities.
• Reporting Requirements : MFIs are required to submit periodic reports to the RBZ, including financial statements, loan portfolio data, and other operational information.

Failure to comply with these legal requirements can result in penalties, suspension, or revocation of your microfinance license.

It is highly recommended to seek professional legal advice and guidance from experienced consultants or lawyers specializing in the microfinance sector in Zimbabwe. They can assist you in navigating the complex legal landscape and ensuring that your institution operates within the boundaries of the law.

Developing a Business Plan for Your Microfinance Institution

A well-crafted business plan is essential for the success of any microfinance institution (MFI) in Zimbabwe. It serves as a roadmap, guiding your organization’s strategic decisions, operations, and growth. When developing a business plan for your microfinance business, consider the following key elements:

1. Executive Summary

The executive summary is a concise overview of your entire business plan. It should highlight the mission and objectives of your MFI, the target market, your unique value proposition, and a brief overview of your financial projections and funding requirements.

2. Market Analysis

Conduct a comprehensive market analysis to understand the microfinance landscape in Zimbabwe. This should include:

• Target Market : Identify your target customer segments, their demographics, and their specific financial needs.
• Competition Analysis : Research existing MFIs, their products and services, and their competitive advantages and weaknesses.
• Industry Trends : Analyze the current trends and future projections in the microfinance sector, including regulatory changes, technological advancements, and socio-economic factors.

3. Products and Services

Clearly define the range of products and services your MFI plans to offer. This may include:

• Microcredit : Specify the types of loans (e.g., group loans, individual loans, agriculture loans), loan sizes, interest rates, and repayment schedules.
• Savings Products : Outline the different savings account options, interest rates, and withdrawal policies.
• Non-financial Services : Consider offering additional services such as financial literacy training, business development support, or community empowerment programs.

4. Operations and Management

Outline your organizational structure, key personnel, and their roles and responsibilities. Additionally, describe your operational processes, including:

• Loan Origination and Disbursement : Detail the process of loan application, underwriting, approval, and disbursement.
• Loan Monitoring and Collection : Explain your strategies for monitoring loan repayments, handling delinquencies, and collections.
• Risk Management : Identify potential risks (e.g., credit risk, operational risk, market risk) and your mitigation strategies.
• Technology and Infrastructure : Describe the technology systems and infrastructure you plan to use for efficient operations (e.g., loan management software, mobile banking platforms).

5. Financial Projections

Develop comprehensive financial projections, including:

• Start-up Costs : Estimate the initial costs for establishing your MFI, such as licensing fees, equipment, office space, and personnel.
• Operating Costs : Project the ongoing costs for running your operations, including salaries, marketing, and administrative expenses.
• Revenue Projections : Forecast your expected revenue streams from interest income, fees, and other sources.
• Funding Requirements : Determine the amount of funding needed and potential sources (e.g., equity investors, loans, grants).
• Break-even Analysis : Estimate the time it will take for your MFI to achieve profitability.

6. Implementation and Monitoring

Finally, outline your implementation plan, including timelines, milestones, and performance indicators. Describe how you will monitor and evaluate the progress of your MFI, and outline strategies for course correction and continuous improvement.

Remember, a comprehensive and well-researched business plan not only serves as a blueprint for your microfinance institution but also instills confidence in potential investors, partners, and regulatory authorities.

Securing Funding and Capital for Your Microfinance Business

Obtaining adequate funding and capital is crucial for the successful launch and sustained growth of your microfinance institution (MFI) in Zimbabwe. While the initial capital requirements may seem daunting, there are various sources of funding available to aspiring microfinance entrepreneurs. Here are some options to consider:

1. Equity Financing

Equity financing involves raising capital by selling ownership stakes in your MFI to investors. This can be achieved through various means:

a. Personal Savings and Investments

For many entrepreneurs, personal savings or investments from family and friends serve as the initial source of funding for their microfinance venture. While this option may be limited in terms of the amount raised, it can provide the necessary capital to kick-start your operations.

b. Angel Investors

Angel investors are wealthy individuals who invest their personal funds in promising startups and early-stage businesses. They often provide not only capital but also valuable mentorship and networking opportunities.

c. Venture Capital Firms

Venture capital firms are professional investment companies that specialize in funding high-growth businesses. They typically invest larger sums of capital in exchange for equity ownership and play an active role in the management and strategic direction of the company.

2. Debt Financing

Debt financing involves borrowing funds from various sources, which must be repaid with interest over time. Some options to consider include:

a. Microfinance Loans

Ironically, you may be able to secure a loan from an existing microfinance institution or bank that offers microfinance products. These loans are typically smaller in size and may have more flexible repayment terms.

b. Commercial Bank Loans

Traditional commercial banks may offer loans to microfinance institutions, especially those with a proven track record and solid business plan. However, the application process can be rigorous, and the interest rates may be higher.

c. Government and Donor-funded Programs

Various government agencies and international donor organizations offer funding programs specifically designed to support the development of the microfinance sector. These may include grants, low-interest loans, or subsidized credit lines.

3. Hybrid Financing

In some cases, a combination of equity and debt financing may be the most suitable option for your microfinance business. This approach can provide the necessary capital while balancing ownership and control.

a. Convertible Debt

Convertible debt is a type of financing where investors provide a loan that can be converted into equity ownership at a later stage, typically during a subsequent funding round or upon meeting certain milestones.

b. Mezzanine Financing

Mezzanine financing is a hybrid form of financing that combines elements of both debt and equity. It involves issuing subordinated debt or preferred equity, which can be converted into common equity under specific conditions.

When pursuing funding for your microfinance business, it is essential to thoroughly evaluate the terms, conditions, and implications of each financing option. Additionally, consider the long-term sustainability and scalability of your MFI, as well as the potential impact on your mission and social objectives.

Establishing Operations and Implementing Lending Strategies

Once you have secured the necessary funding and obtained the required licenses, it’s time to establish the operations of your microfinance institution (MFI) and implement effective lending strategies. This stage is crucial for the long-term success and sustainability of your business. Here are some key considerations:

1. Developing Lending Policies and Procedures

Well-defined lending policies and procedures are essential for ensuring the efficient and responsible disbursement of loans. These should cover various aspects, including:

• Client Eligibility Criteria : Clearly define the criteria for determining who qualifies for a loan, such as income level, business type, credit history, and collateral requirements.
• Loan Products and Terms : Specify the types of loan products you will offer (e.g., group loans, individual loans, agricultural loans), as well as the loan amounts, interest rates, and repayment schedules.
• Loan Application and Approval Process : Outline the step-by-step process for loan applications, including documentation requirements, credit analysis, and approval mechanisms.
• Loan Monitoring and Collection : Establish procedures for monitoring loan repayments, handling delinquencies, and collection efforts.

2. Implementing Effective Risk Management Strategies

Microfinance institutions face various risks, including credit risk, operational risk, and market risk. To mitigate these risks, it is essential to implement robust risk management strategies, such as:

• Credit Risk Management : Develop credit scoring models, conduct thorough client assessments, and implement appropriate collateral requirements to minimize the risk of loan defaults.
• Operational Risk Management : Establish internal controls, audit procedures, and contingency plans to address potential operational risks, such as fraud, human error, or system failures.
• Market Risk Management : Monitor and analyze market trends, interest rate fluctuations, and economic conditions to make informed decisions and adapt your lending strategies accordingly.

3. Leveraging Technology and Digital Solutions

In today’s rapidly evolving digital landscape, leveraging technology and digital solutions can significantly enhance the efficiency and reach of your microfinance operations. Consider implementing:

• Loan Management Software : Invest in a robust loan management software system to streamline the loan application, disbursement, and repayment processes, as well as track portfolio performance and generate reports.
• Mobile Banking Solutions : Explore mobile banking platforms that allow clients to access their accounts, make repayments, and receive loan disbursements directly through their mobile devices, enhancing convenience and accessibility.
• Digital Financial Literacy Tools : Develop or adopt digital tools and resources to provide financial literacy training and support to your clients, helping them make informed financial decisions.

4. Building a Strong Human Resource Base

Your microfinance institution’s success heavily relies on the skills and dedication of your employees. Focus on building a strong human resource base by:

• Recruiting and Training : Implement a rigorous recruitment process to attract talented and qualified individuals, and provide comprehensive training programs to equip them with the necessary skills and knowledge.
• Performance Management : Develop a performance management system that aligns individual goals with organizational objectives, and rewards exceptional performance through incentives and career growth opportunities.
• Employee Engagement and Retention : Foster a positive work culture that promotes employee engagement, collaboration, and job satisfaction, ultimately leading to higher retention rates.

By establishing robust operations, implementing effective lending strategies, leveraging technology, and building a strong team, your microfinance institution will be well-positioned to navigate the challenges and opportunities in the dynamic microfinance landscape of Zimbabwe.

Marketing and Promoting Your Microfinance Services

In the competitive microfinance landscape of Zimbabwe, effective marketing and promotion are essential for attracting and retaining clients, as well as building brand awareness and credibility. By implementing a well-crafted marketing strategy, you can differentiate your microfinance institution (MFI) and ensure its long-term success. Here are some key strategies to consider:

1. Defining Your Target Market

Before developing your marketing plan, it’s crucial to clearly define your target market. This involves identifying the specific segments of the population you aim to serve, such as low-income households, small business owners, farmers, or women entrepreneurs. By understanding their unique needs, challenges, and preferences, you can tailor your marketing efforts and messaging accordingly.

2. Developing a Strong Brand Identity

A strong brand identity is essential for creating a lasting impression and building trust with your target audience. Consider the following elements when developing your brand:

• Brand Name and Logo : Choose a name and logo that resonates with your target market and reflects your mission and values.
• Brand Messaging : Craft compelling brand messaging that communicates your unique value proposition and highlights the benefits of your products and services.
• Brand Personality : Define the personality and tone of your brand, ensuring it aligns with your target audience’s preferences and expectations.

3. Leveraging Digital Marketing Channels

In today’s digital age, leveraging online channels is crucial for reaching a wider audience and promoting your microfinance services cost-effectively. Consider the following strategies:

• Social Media Marketing : Establish a strong presence on relevant social media platforms (e.g., Facebook, Twitter, WhatsApp groups) and engage with your target audience through valuable content, promotions, and customer support.
• Search Engine Optimization (SEO) : Optimize your website and online content for relevant keywords to improve your visibility in search engine results.
• Email Marketing : Build an email list of potential and existing clients, and regularly share updates, promotions, and educational content.
• Mobile Marketing : Explore mobile-based marketing strategies, such as SMS campaigns and mobile app integrations, to reach clients who may have limited internet access.

4. Leveraging Traditional Marketing Channels

While digital marketing is crucial, traditional marketing channels should not be overlooked, especially in areas with limited internet access or low digital literacy. Consider the following strategies:

• Community Outreach : Participate in local events, workshops, and community gatherings to raise awareness about your microfinance services and build relationships with potential clients.
• Print Advertising : Utilize print media such as local newspapers, flyers, and brochures to promote your services and reach a wider audience.
• Referral Programs : Implement referral programs that incentivize existing clients to refer their friends, family members, and acquaintances to your MFI.

5. Building Strategic Partnerships

Establishing strategic partnerships with other organizations and entities can significantly boost your marketing efforts and reach. Consider partnering with:

• Local Businesses and Associations : Collaborate with local businesses, trade associations, and community organizations to cross-promote your services and reach their members or customers.
• Government Agencies and NGOs : Partner with government agencies, non-governmental organizations (NGOs), and development organizations that work with your target audience, leveraging their existing networks and outreach programs.

By implementing a comprehensive marketing strategy that combines digital and traditional channels, builds a strong brand identity, and leverages strategic partnerships, your microfinance institution can effectively promote its services, attract new clients, and establish a strong presence in the Zimbabwean market.

Key Takeaways

• Understanding Microfinance : Microfinance plays a crucial role in promoting economic development, poverty alleviation, and financial inclusion in Zimbabwe by providing small loans, savings opportunities, and basic banking services to underserved populations.
• Legal Requirements : Starting a microfinance business in Zimbabwe requires registering with the Registrar of Microfinance Institutions, obtaining a license from the Reserve Bank of Zimbabwe, meeting minimum capital requirements, and adhering to compliance and reporting regulations.
• Business Planning : A comprehensive business plan is essential for guiding your microfinance institution’s strategic decisions, operations, and growth. It should include a market analysis, product and service offerings, operational processes, financial projections, and implementation strategies.
• Funding and Capital : Securing adequate funding and capital is crucial for launching and sustaining your microfinance business. Options include equity financing (personal investments, angel investors, venture capital), debt financing (microfinance loans, commercial bank loans, government programs), and hybrid financing models.
• Establishing Operations : Develop robust lending policies and procedures, implement effective risk management strategies, leverage technology and digital solutions, and build a strong human resource base to ensure efficient and responsible lending operations.
• Marketing and Promotion : Effective marketing and promotion strategies are essential for attracting and retaining clients. Define your target market, develop a strong brand identity, leverage digital and traditional marketing channels, and build strategic partnerships to increase visibility and credibility.
• Continuous Improvement : Regularly monitor and evaluate your microfinance institution’s performance, identify areas for improvement, and adapt your strategies to address emerging challenges and opportunities in the dynamic microfinance landscape of Zimbabwe.
• How Create A Strategic Blueprint for Microfinance Success
• Is Money Lending Business Profitable? What To Know
• Top 5 Best Software For Microfinance Companies
• Microfinance Bank Business Model Explained

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Nvidia's big day is here

• This post originally appeared in the Insider Today newsletter.
• You can sign up for Business Insider's daily newsletter here .

Halfway to the weekend! Capri Sun is selling giant jugs for customers whose appetites — but not tastes — have grown up. (Or maybe they're still struggling to get those yellow straws through the pouches.)

We're also running a Memorial Day sale for 80% off our Business Insider subscription. More on that here .

In today's big story, all eyes are on if Nvidia's earnings report will send its shares surging even higher.

What's on deck:

• Markets: We could be on the cusp of another crypto ETF getting approved .
• Tech: A new streaming bundle's price offers clues about the economics of the industry .
• Business: The dawn of stupid neighborhood names is upon us.

But first, here comes Nvidia.

If this was forwarded to you, sign up here.

The big story

Ai, for better or worse.

The stock market's darling takes center stage today when Nvidia reports earnings after the bell.

No company has captivated investors quite like Nvidia over the past year. Even amid a bullish market, the AI chipmaker has stood out.

Nvidia's performance reads more like a meme stock than a company with a market cap north of $2.3 trillion. This year alone it's up nearly 100%.

But can it keep climbing?

Business Insider's Matthew Fox has a rundown on what Wall Street expects from Nvidia . Even with its upcoming release of a next-generation chip potentially dimming demand for its current chips, some analysts see Nvidia still having room to run.

As complex as stock analysis can be sometimes, the case for Nvidia is fairly simple. Big Tech has big plans — and budgets — for AI. The only way to get there is using Nvidia's chips.

It might not always be that way. The Financial Times recently reported Nvidia's rivals and customers are supporting an effort to break the company's dominance in the space.

But for now, it's Nvidia or bust.

Elsewhere in AI land, things aren't going as swimmingly.

The buzz from OpenAI's humanlike voice feature for ChatGPT has quickly faded. Self-congratulations quickly turned to backtracking after Scarlett Johansson threatened legal action over how "eerily similar" one of ChatGPT's voices is to hers .

On the one hand, AI being accused of misusing creative work isn't new. (Not that that makes it OK.)

But tussling with Johansson is particularly risky , writes BI's Eammon Jacobs. The actor went head-to-head with Disney over the release of "Black Widow" and secured a settlement.

It also begs the question: Are we sure these OpenAI people are as smart as we think? BI's Katie Notopoulos has more on that .

Even if Johansson doesn't escalate things — OpenAI already pulled the voice — it's another setback for a company looking to gain people's trust that has plenty of skeptics, including its own former executive .

It's also an example of what some allege is OpenAI's " ask forgiveness, not permission " strategy, writes BI's Hasan Chowdhury. (It's giving "move fast and break things.")

3 things in markets

• Wall Street's biggest pessimist isn't backing down. JPMorgan's Marko Kolanovic is the lone top strategist among the big banks predicting a market downturn. He recently doubled down on his take that the S&P 500 will fall about 20% . "We do not see equities as attractive investments at the moment and we don't see a reason to change our stance," Kolanovic wrote.
• The crypto world is getting excited about another ETF. Approval for an ethereum ETF could come as soon as this week, sending the price of the cryptocurrency surging more than 20% . It could also be a step toward further legitimizing bitcoin, and the wider crypto market, according to one expert.
• China dumped a record amount of US bonds last quarter. The country sold $53.3 billion worth of Treasurys and agency bonds over the first three months of 2024, Bloomberg reported. The acceleration is another symptom of deteriorating trade relations between Beijing and Washington.

3 things in tech

• We have some theories about the discount for Comcast's new streaming bundle. For $15 a month you can get Netflix, Peacock, and Apple TV+, which is about $8 cheaper than if you bought them separately. One reason could be subscribers coming from broadband companies, like Comcast, are less likely to churn .
• ICYMI: Here's what went down at Microsoft Build. At its annual developer conference, the company unveiled Team Copilot , which will bring its AI agent to Microsoft Teams chats and meetings. OpenAI's Sam Altman also made a surprise appearance to talk about GPT-4o and offer advice to founders and developers.
• How the leaders of the world's biggest tech companies spend their spare time. From Mark Zuckerberg's newfound love of the UFC, to Elon Musk's obsession with gaming, to Bill Gates' luxury car collection, here's a list of wealthy tech execs' favorite hobbies .

3 things in business

• Neighborhood names are getting much, much dumber. You may have noticed that in booming cities, the names of neighborhoods are getting weirder — take Denver's RiNo, SoBo, LoDo, and LoHi areas, for example. It's all an attempt by builders to redevelop neighborhoods in their image.
• Trump's proposed tariffs could cost Americans $500 billion a year. Researchers at the Peterson Institute warned Trump's planned taxes on imports could have households spending an additional $1,500 each year . They also said the plan would hit lower-income households harder.
• These are the most affordable cities to buy a home in the US. SmartAsset identified 12 areas where the median home price is below $175,000 and no higher than 2.5 years' worth of local incomes. The Midwest dominated the top of the list .

In other news

• Trump rests his brief, tumultuous hush-money defense without testifying. Prosecutors turned his key witness against him .
• Gen Z to older workers: We're just like you .
• I became a data analyst and grew my salary 5x without working in Big Tech. Non-tech companies offer more flexibility and less stress .

What's happening today

• Today's earnings: Nvidia, Target, and other companies are reporting .

The Insider Today team: Dan DeFrancesco , deputy editor and anchor, in New York. Jordan Parker Erb , editor, in New York. Hallam Bullock , senior editor, in London. George Glover , reporter, in London.

Watch: How tech layoffs could affect the economy

• Main content

• Amazon plans to give Alexa an AI overhaul — and a monthly subscription price

Amazon  is upgrading its decade-old Alexa voice assistant with generative  artificial intelligence  and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. 

The Seattle-based tech and retail giant will launch a more conversational version of Alexa later this year, potentially positioning it to better compete with new generative AI-powered chatbots from companies including Google and OpenAI, according to two sources familiar with the matter, who asked not to be named because the discussions were private. Amazon’s subscription for Alexa will not be included in the $139-per-year Prime offering, and Amazon has not yet nailed down the price point, one source said.

Amazon declined to comment on its plans for Alexa. 

While Amazon wowed consumers with Alexa’s voice-driven tasks in 2014, its capabilities could seem old-fashioned amid recent leaps in artificial intelligence. Last week, OpenAI announced GPT-4o, with the capability for two-way conversations that can go significantly deeper than Alexa. For example, it can translate conversations into different languages in real time. Google launched a similar generative-AI-powered voice feature for Gemini. 

Some interpreted last week’s announcements as a threat to Alexa and Siri,  Apple ’s voice assistant feature for iPhones. NYU professor Scott Galloway called the updates the “Alexa and Siri killers” on his recent podcast. Many people use Alexa and Siri for basic tasks, such as setting timers or alarms and announcing the weather.

The development of new AI chatbots in recent months has increased the pressure internally on a division that was once seen as a darling of Amazon founder  Jeff Bezos , according to the sources — but has been subject to strict profit imperatives since his departure. 

Three former employees pointed to Bezos’ early obsession with Alexa, describing it as his passion project. Attention from Bezos resulted in more dollars and less pressure to make a return on those funds immediately. 

That changed when Andy Jassy took over as CEO in 2021, according to three sources. Jassy was charged with rightsizing Amazon’s business during the pandemic, and Alexa became less of a priority internally, they said. Jassy has been privately underwhelmed with what modern-day Alexa is capable of, according to one person. The Alexa team worried they had invented an expensive alarm clock, weather machine and way to play Spotify music, one source said.  

For instance, Jassy, an avid sports fan, asked the voice assistant the live score of a recent game, according to a person in the room, and was openly frustrated that Alexa didn’t know an answer that was so easy to find online. 

When reached for comment, Amazon pointed to the company’s  annual shareholder letter  released last month. In it, Jassy mentioned that the company was building a “substantial number of GenAI applications across every Amazon consumer business,” adding that that included “an even more intelligent and capable Alexa.”

The team is now tasked with turning Alexa into a relevant device that holds up amid the new AI competition, and one that justifies the resources and headcount Amazon has dedicated to it. It has undergone a massive reorganization, with much of the team shifting to the artificial general intelligence, or AGI, team, according to three sources. Others pointed to bloat within Alexa, a team of thousands of employees.

As of 2023, Amazon said it had sold more than 500 million Alexa-enabled devices, giving the company a foothold with consumers. 

Alexa, were you too early?

Apple, Amazon and  Google  were early movers with their voice assistants, which did employ AI. But the current wave of advanced generative AI enables much more creative, human-sounding interactions. Apple is expected to unveil a more conversational Siri at its annual developers conference in June, according to The  New York Times. 

Those who worked on the Alexa team describe it as a great idea that may have been too early, and that it’s going to be hard to turn the ship around. 

There’s also the challenge of finding AI engineering talent, as OpenAI,  Microsoft  and Google recruit from the same pool of academics and tech talent. Plus, generative AI workloads are expensive thanks to the hardware and computing power required. One source estimated the cost of using generative AI in Alexa at 2 cents per query, and said a $20 price point was floated internally. Another suggested it would need to be in a single-digit dollar amount, which would undercut other subscription offerings. OpenAI’s ChatGPT charges $20 per month for its advanced models. 

Still, they point to Alexa’s installed user base, with devices in hundreds of millions of homes, as an opportunity. Those who worked on Alexa say the fact that it’s already in people’s living rooms and kitchens makes the stakes higher, and mistakes more costly if Alexa doesn’t understand a command or provides unreliable information. 

Amazon has been battling a perception that it’s behind in artificial intelligence. While it offers multiple AI models on Amazon Web Services, it does not have a leading large language model to unseat OpenAI, Google or  Meta . Amazon spent $2.75 billion backing AI startup Anthropic, its  largest  venture investment in the company’s three-decade history. Google also has an Anthropic investment and partnership.

Amazon will use its own large language model, Titan, in the Alexa upgrade, according to a source.  

Bezos is among those who have voiced concern that Amazon is behind in AI, according to two sources familiar with him. Bezos is still “very involved” in Amazon’s AI efforts, CNBC  reported  last week, and has been sending Amazon executives emails wondering why certain AI startups are picking other cloud providers over AWS.

More from CNBC:

• Millennials are ‘quiet vacationing’ rather than asking their boss for PTO: ‘There’s a giant workaround culture’
• A Microsoft under attack from government and tech rivals after ‘preventable’ hack ties executive pay to cyberthreats

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How to start a Broiler Chicken production business in Zimbabwe and the business plan

Posted by StartupBiz Zimbabwe | Jan 31, 2015 | Agriculture Industry , Business Ideas , Business Plans , Starting a Business | 59

Raising broiler chickens is becoming more popular in Zimbabwe, as people try to find extra income amid the growing economic challenges and high unemployment levels in the country. Many have lost hopes of ever getting jobs in the formal sector, and have started different types of income generating projects.

Broiler chicken farming business in Zimbabwe can be very profitable if it is properly run under acceptable methods and conditions conducive for the chicken production, good management and a good business plan. 

Before you start a broiler production business, you have to decide how many chickens you want to keep, where you are going keep them, and your target market. The number of birds you keep will depend on the amount of land and capital you have, and also the size of your target market. You should always carry out a feasibility study, market research and write a business plan before you venture into any business. Do not make the mistake of starting a broiler business or any other business just because someone is doing it and he/she says it’s profitable.

What you need

Land, Housing and Equipment

This is a very important factor to consider. It will determine whether you succeed or not in the poultry business.  The kind of housing you need and the size of the land will depend on the size of your poultry project. An ideal poultry farm should be sited where there’s a large availability of cheap land and at the same time should be close to your market. Broilers cannot adjust well to temperature extremes, so it is very important that chickens be housed, cared and provided with an environment that will enable them to maintain their thermal balance. The right housing should have proper ventilation and the right lighting. The length of the broiler house should run from east to west to prevent direct sunlight. Birds need a certain minimum space and convenient place to grow well, otherwise if the space is not enough they may suffocate to death, which will be a great loss to your business. You should allow 0.1 square metres per bird. Your housing can be barns, chicken runs or hutches. The cost of construction depends on the size. You should have equipment including feeders, drinkers, lighting system and waste disposal system.

Day old chicks

The mortality rate of the broilers, their growth and weight will depend on the brand of day old chicks which you buy. Some brands grow slower, and have a high mortality rate. You should make your own research on which brand to buy, not to just buy the cheapest ones, as that will cost you.  Enquire from those who are already in the broiler business.  Ask the companies if they offer any guarantee on their day old chicks. Some companies will replace your chicks if they die and if you have any problems with the chicks, you can return them and you will given new chicks. The popular day old chicks’ providers in Zimbabwe include Irvines, Hubbard,Chinyika and Novatek.

Stock feeds

The profitability of the broiler chicken farming business depends on minimizing the mortality rates and optimizing the target weight of the birds. Broiler diets are formulated to provide the protein, energy, vitamins and other nutrients essential for health and efficient broiler production.  So the type of feeds you choose will determine the success of your business. On average, by the time a bird reaches 6 weeks, it should have consumed a total of 4kg of broiler feeds.  Six weeks is the age at which most broilers are sold, and they will be having an average live weight of between 2.2kg to 2.4kg, depending on management, breed, age and uniformity. About 70% of your expenses will go towards poultry feeding. You will also need proper vaccines and medications to prevent diseases and promote growth of your broilers.

For large scale broiler production, you can produce the feeds by yourself. You will have to learn how to make broiler feeds, and purchase the necessary equipment, and this will cut your feeding costs. For small scale broiler production, it is better to buy already-made broiler feeds. You can buy stock feeds which are complete such that you give them to your birds without adding anything. For those with access to cheap home grown maize, you can buy broiler concentrate feeds. You will then mix the broiler concentrate with maize meal, according to the ratio specified on the concentrate feed packet. This will lead to lower feeding costs, while providing all the necessary nutrients required by the birds.

You have to carry out a research concerning which brand to buy, as there are many broiler feeds brands in the market. The type of feeds you choose will determine the growth rate, health, and weight of your birds. You will have to feed the birds according to the specific instructions on the packet of the feed, otherwise your birds may die.  The popular brands of broiler feeds in Zimbabwe include Pro feeds, AgriFoods, Feedmix and National foods.

Management and Labour

The number of staff you will need depends on the size of your poultry farming project.  If you are keeping 50 birds at the back of your house you may not need an employee as you and your family will take care of the birds. On the other hand, if you have a poultry farm you will need dedicated staff to look after the birds, and to manage the business. You need good management skills and technical knowledge of broiler rearing techniques if you want to be profitable. Do your research, and train those who are working for you.

The amount of capital you need will depend on the scale of your project, location of your farm, and the type of management technology you are using.

With so many people eating chicken, and the country importing hundreds of millions dollars worth of chicken every year, you do not have to be a graduate to figure out that there is a huge demand for chickens in Zimbabwe. Before you start the broiler chicken business, you should define the market you are targeting. For small scale broiler production, you can sell to those in your neighborhood, by simply putting a ‘Chicken for sale’ sign at your gate.  For medium to large scale broiler chicken production, you can target households, butchers, schools, restaurants, companies, events, abattoirs etc. You can also advertise your chickens business in the media or online.  If you have good networking skills it will be very easy for you to market your chicken. If you are producing more than 1000 birds, you can always sell your birds to abattoirs and companies which sell the packed chicken meat you buy from supermarkets eg Surrey etc.

Pre-Written Broiler Poultry Production Business Plan  (PDF, Word And Excel) : Comprehensive Version, Short Bank Loan Version, Automated Excel Financial Statements

For an in-depth analysis of the broiler poultry production business in Zimbabwe, purchase our business plan. We decided to introduce the business plans after noting that many Zimbabweans were venturing into the broiler business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.

Our business plan will make it easier for you to launch and run a broiler business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the broiler chicken production business plan will lay out all the costs involved in setting up and running the broiler business. The business plan is designed uniquely for the Zimbabwean market.

I have been impressed with the level of depth and completeness of your business plans. All product, operational, financial and marketing guidelines are there. Fantastic! Please do add more plans.

You have been really helpful. Its a rare commodity in Zimbabwe. Keep it up!

You have been such a wonderful help.God bless you,I have somewhere to start now….it’s been a dream come true to embark on this

The StartupBiz business plans are excellent, well prepared, fully detailed. I had not that much of the financial knowledge of the Agri business I wanted to venture into but I can tell you right now that from the moment I went through those farm business plans I had purchased, I started having the real picture of what I was to get in to,what was needed for me to be financially successful and I would want to tell my fellow mates that if you really want the business you want to venture into to be successful I think you need to get one of the StartupBiz Business plan.You wont go wrong with those ones

I recently used their service am delighted to say I am a happy customer thank you keep it up and God bless with the business

It is a great opportunity having you around. Your business plans are well planned after a thorough research. They have actually opened up my approach to business. Thanx

The business plan I purchased was well written and you did an extensive research, I am satisfied keep  up the good work guys and I am planning to come back for more other orders.

Thanks for the business plan, it’s good, it gives me a good direction of my journey, with this I hope I will prosper,  it’s helpful i learnt a lot.

I found the business plans very informative, helpful to make appropriate decisions.

Good job and extensive research on your business plan thank you.

Uses of the Broiler Production   Business Plan (PDF, Word And Excel)

The broiler production business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your poultry business
• As a project proposal
• Assessing profitability of the poultry business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

Contents of the Broiler Poultry Production Business Plan (PDF, Word And Excel)

The business plan include, but not limited to:

• Market Analysis
• Industry Analysis
• Automated Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, loan repayment calculations, start-up costs)
• Marketing Strategy
• Risk Analysis
• SWOT & PEST Analysis
• Operational Requirements (e.g. type of housing required, feed required e.t.c.)
• Operational Strategy
• Why some Zimbabweans in broiler poultry business fail, so that you can avoid their mistakes
• Ways to raise capital to start your broiler poultry business in Zimbabwe
• Government regulations

The broiler production business plan includes technical aspects of how to keep and rear the broilers. It also includes a mini-directory with contacts which will prove to be helpful in launching and running the broiler poultry business. E.g. We will provide the contact details of the companies that produce feeds, construct broiler houses e.t.c.

The Broilers Business plan package consist of 4 files

• Broiler Production Business Plan – PDF file (Comprehensive – 73 pages)
• Broiler Poultry Business Plan – Editable Word File (Comprehensive – 73 pages)
• Broilers Poultry Production Business Plan Bank Version – Editable Word File (Short version for applying for a loan – 34 pages)
• Broilers Business Plan Automated Financial Statements – (Editable Excel file)

The business plan financials are in USD currency. 

The financial statements are automated. This implies that you can change eg the number of birds, price per bird etc, and all the other financial statements will automatically adjust to reflect the change.

Get the Broiler Poultry Production Business Plan (PDF, Word And Excel)

We decided to make them affordable for anyone who would want a business plan, and the price for pre-written business plans is only ZWL$350 000 for soft copies. When you pay via PayPal, Mastercard or Visa Card, the soft copy costs US$25 .

You can purchase via Paynow using Ecocash, One Money or Telecash. You just click Pay Now  (scroll down)    and you will then be taken to Pay now website where you make the payment. Just follow the instructions; you will be done with the payment process in 2 minutes. We will email the business plan (PDF format, Microsoft word format, and a Microsoft Excel file with the financial statements)  to you within 24 hours, using the email address you provided when you were paying.

If you have a PayPal account, MasterCard or Visa Card , you can purchase the business plan via PayPal.  You just click Buy now  (scroll down) and you will then be taken to PayPal website where you make the payment. Just follow the instructions; you will be done with the payment process in 2 minutes. We will email the business plan (PDF format, Microsoft word format, and a Microsoft Excel file with the financial statements) to you within 24 hours, using the email address you provided when you were paying.

You can also purchase hard copies and/or soft copies at our offices in Harare. Visit  StartupBiz Zimbabwe, Suite 201, 2nd Floor, Morgan House, George Silundika Avenue (between 1st Street & 2nd Street), Harare  . The cost of the business plan is ZWL$350 000 (soft copies).

For any questions, other payment options, email us on [email protected] , call/whatsapp us on +263778798072  (Whatsapp us by clicking the link https://wa.me/263778798072 )  .

Broiler Production Business Plan 

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About The Author

StartupBiz Zimbabwe

StartupBiz Zimbabwe is a business research firm based in Zimbabwe. We sell prewritten business plans for various industries including agriculture, transport, manufacturing, retail and education. StartupBiz Zimbabwe also publishes articles on business ideas, business news, business tips, personal finance, entrepreneur interviews and profiles.

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59 Comments

Please I would really appreciate if you can write about layer production, thats what I think I would want to try. Where can I get the project proposal done and the costs?

I will do the research and write the article about layer production.

How much is it for 100 birds and feeds?

Hi tatenda kaondera ,I would like to start this chicken project I have a structure already which accomodates Up to 1000 chickens My phone no is 0715061861 I live in avondale

I try all the way to come up chicken production farming I wrote the proposal and I’m lack people who can equips me and my focus its to look forward I will never give up!!!!!!!!!!!

Please can you contact me for more info and a business plan for a chicken hut which tooks 500 birds

Hello please contact me on Whatsapp so we can talk it out

±263772979599

This is what I wanted can you email it to me if you have one for beef fattening and for goats milking and meat please send them to me please

Ko how are u

this layers idea is cool can you also reseach on road runners

Hi guys,how much feeds required for 100birds and how much does it cost for the whole six weeks

Interesting staff

very interesting, also enlighten us about layer birds

educating..would like to start a broiler project in Mt Darwin

hie contact me for more info

how to calculate a gross margin for 100 broilers production

thinking of pernetrating the rearing of parent stock as well as hatching chicks.wld greatly appreciate information about these two areas.

Very good staff….can yu pliz post on more scientific facts about broiler …so that we can study their behaviour…thanks

Good article,Its quite helpful.May l please have some poultry housing plans or design that are cheap.l intend to do batches of 300.Thanks.

Enter your comment here…very good article,already in the business but failing to get market.

Am also interested in starting a broiler project in Mt Darwin

Acxacly that is in my mind bt acutualy l need safe place and some advice thnk l can walk around to get advise or else if there is someone with any advice l can accept it and take it as loyality my number is0733904781

Good article. I’m looking forward to buying the business plan and give my siblings back home something to do.

that’s some great stuuuuufff ther.>>>>>

how much capital does one need to start chicken/broiler production for 5,000 chickens, particularly to build the structures

I also want to start the project a.s.a.p

Informative post wl be in touch to you very soon

need to buy by ecocash

I would like to know if we still have the Harco breed here in Zimbabwe. If we have, where can I find it?

That’s fantastic and marvellous to here,you actually empowered a number of people,im glad about the way u strength my thinking capacity

please tell me how you can you decrease mortality rate of chickens at their early stage

is possible to fight poverty only if you share with others what you know and believe. used to keep traditionally on the way to change.

hie does anybody know who can set up housing for a 100 birds

wow this is amazing

i am at mine I would like to start this project

wow this is brilliant

This is very informative. Thank you fellow Zimbabweans.

Thank you want to start my poultry business soon this helped me a lot

Pliz help if you know any distributors of egg incubators and Hatchers in harare

Very Imfomative Thanks,

Very informative and educating at the same time.Thanks.

mmmm excellent

Thank you. Tht was very informative.

would you have some know how on do it yourself broiler stockfeed

Thats excellent article

Very informative!

exactly what i m lookin fo thank u

brilliant staff .

I would like to start this project 0027629293479 I need 500 birds

good business plan, already ventured into supplying poultry equipment at affordable prices

Good day i would love to start this business sometime in June this year.

I will therefore love to buy your business plan.

Can you give me a breakdown on 500 chickens – all costs feeds, structure etc and how long they take to grow for consumption.

This is brilliant!!! I love it. I want to venture into poultry project. I will be in touch for further guidance.

That’s great to hear Edna.

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AstraZeneca to build $1.5-bln cancer drug plant in Singapore

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Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

China's Xiaomi said it will aim to deliver 120,000 electric vehicles (EVs) this year, up from the initial goal of 100,000, and will implement double-shift production to meet rising demand for its EVs.

Business Planning Zimbabwe

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Learn How to Start a Broiler Production Business in Zimbabwe

Introduction

Welcome to our comprehensive guide on starting a broiler production business in Zimbabwe. If you are passionate about poultry farming and are considering venturing into the lucrative world of broiler production, you’ve come to the right place. In this article, we will provide you with the necessary knowledge and insights to kick-start your broiler production business.

Understanding Broiler Production

Broiler production refers to the commercial breeding and rearing of chickens for meat production. It is a highly profitable sector in the agriculture industry, driven by the increasing demand for poultry meat. Broilers are specifically bred and raised for their meat, as they reach market weight at a relatively young age.

Market Research and Planning

Before diving into broiler production, it is crucial to conduct thorough market research and develop a solid business plan. Understanding the local market, consumer preferences, and competition will give you a competitive edge. Identify potential customers, such as restaurants, hotels, and supermarkets, and assess their requirements and buying patterns.

Acquiring Suitable Land and Infrastructure

To start a broiler production business, you need to acquire suitable land and set up the necessary infrastructure. Select a location with good access to transportation and essential amenities. The land should have enough space for chicken houses, feeding areas, and storage facilities. Ensure proper ventilation, lighting, and temperature control within the chicken houses to maintain optimal conditions for broiler growth.

Procuring Quality Broiler Chicks

Procuring quality broiler chicks is crucial for a successful broiler production business. Look for reputable hatcheries or suppliers that provide healthy and genetically superior chicks. Consider factors such as breed, growth rate, disease resistance, and feed conversion efficiency when selecting broiler chicks. Ensure the chicks receive proper vaccination and follow recommended biosecurity measures.

Feed and Nutrition Management

Proper feed and nutrition management is vital for the healthy growth and development of broilers. Consult with nutritionists or experts in poultry feed to formulate a balanced diet that meets the nutritional requirements of broilers at different growth stages. Use high-quality feed ingredients and monitor feed conversion ratios to optimize cost efficiency. Provide clean water and ensure easy access for the broilers.

Health and Disease Management

Maintaining good health and preventing diseases is essential for the profitability of your broiler production business. Implement strict biosecurity measures to minimize the risk of disease introduction and spread. Regularly monitor the health of the broilers and promptly address any signs of illness. Consult with a veterinarian to develop a vaccination schedule and implement proper hygiene and sanitation practices.

Marketing and Sales Strategies

To outrank your competitors in the broiler production business, you need effective marketing and sales strategies. Build a strong brand identity and develop a professional website that showcases your broiler products and services. Utilize social media platforms, local directories, and online marketplaces to reach a wider audience. Establish relationships with potential buyers and offer competitive pricing and value-added services.

Financial Management

Sound financial management is crucial for the long-term sustainability of your broiler production business. Develop a detailed financial plan that includes initial investment costs, operational expenses, and revenue projections. Keep accurate records of income and expenses, and regularly analyze your financial performance. Seek professional advice to optimize tax planning and explore funding options if needed.

Congratulations! You are now equipped with valuable insights on starting a broiler production business in Zimbabwe. By following the steps outlined in this comprehensive guide, you can establish a successful venture that stands out in the competitive market. Remember, continuous learning, adaptation to market trends, and maintaining high-quality standards are key to long-term success in the broiler production industry. You can also purchase the broiler production business plan by following the steps explained below.

The Broiler Production Business Plan

Our broiler production business plan is tailor-made for individuals seeking detailed and most recent information about broiler production in Zimbabwe. You can purchase the broiler production business plan for just US$10 payable via Ecocash. You can either get it as a pre-written document or request for a customized version of the business plan at an extra charge. The customized business plan requires that you furnish us with your specific details and area of interest. All in all, our broiler production business plan is bankable and contains information on how to successfully manage your production cycles, and prepare for future possible risks associated with the business.

With our business plan, you will ultimately find it easy to plan and budget for your broiler production business. It will help you better navigate the broiler market value chain so you may be able to strategically position your farming business for improved profitability. As the old saying goes, failing to plan equates to planning to fail. With our broiler production business plan, you will be fully informed of what is needed to successfully operate a broiler production business.

The Business Plan Contents

Our business plan contains following subsections as listed below and more:

• Operational Requirements
• Planning For Sustainable Farming
• Target Market Analysis
• Marketing Strategy
• Advertising & Promotion Plans
• Competition Analysis
• SWOT analysis
• PSTEL Analysis
• Risk Analysis
• Financial Statements

Purchasing The Broiler Production Business Plan

You can get a soft copy package of the broiler production business plan for just US$10 payable via Ecocash.

1. Broiler Production Business Plan Comprehensive Version – PDF

2. Broiler Production Business Plan Comprehensive Version – WORD

3. Broiler Production Business Plan Short Bank/Grant Application Version – WORD

4. Broiler Production Business Plan Financial Statements – EXCEL

5. A ZIMRA Registration Guide – PDF

You will receive the business plan package via email and/or WhatsApp. To make the purchase, contact us first via Call/WhatsApp: +263782594434. WhatsApp Link: https://wa.me/message/YNZABXT73VBWF1 [Mobile users Only]

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We accept ZWL payments via EcoCash, OneMoney, Telecash, Zimswitch etc.

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Call/WhatsApp Us: +263782594434. WhatsApp Link: https://wa.me/message/YNZABXT73VBWF1 [Mobile users Only]

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Visit   Business Planning Zimbabwe , B2C Coworking Space, Batanai Gardens, Cnr Jason Moyo Ave and First Street, Harare .

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McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices

FILE - The McDonald’s restaurant logo and golden arch is lit up, April 20, 2006, in Chicago. McDonald’s plans to introduce a $5 meal deal in the U.S. in June 2024 to counter slowing sales and customers’ frustration with high prices. (AP Photo/Jeff Roberson, File)

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McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices .

The deal would let customers get a four-piece McNugget, small fries, a small drink and either a McDouble burger or a McChicken sandwich for $5 in most areas, according to a person familiar with the deal who wasn’t authorized to discuss its details.

The month-long deal is scheduled to begin June 25 and will be advertised nationally. Some stores with higher costs, like those in California or Hawaii, may charge more, the person said.

McDonald’s didn’t confirm the upcoming deal when asked about it Thursday by The Associated Press. But the Chicago-based burger giant said last month that it was planning to step up deals to combat slowing customer traffic in some markets.

“We know how much it means to our customers when McDonald’s offers meaningful value and communicates it through national advertising,” McDonald’s said in a statement Wednesday.

The meal deal would be a substantial discount from the list prices for the items that will be included in the limited-time deal. One McDonald’s location in Michigan charged $9.66 for the four items sold individually on Thursday.

Fast food prices have risen dramatically in the last few years due to a variety of factors, including elevated costs for labor, food and paper products. Between the first quarter of 2022 and the first quarter of 2024, the amount spent per person per visit at a U.S. fast food restaurant rose 25%, from $12 to $15, according to Technomic, a restaurant data firm.

McDonald’s said earlier this year that it was seeing fewer U.S. visits and lower spending from customers earning less than $45,000 per year.

As grocery inflation has slowed, more people are choosing to eat at home, McDonald’s President and CEO Chris Kempczinski said. In the first quarter, the company said fast food traffic was flat or down in many key markets, including the U.S., Canada and the United Kingdom.

“The consumer is certainly being very discriminating in how they spend their dollar,” Kempczinski said during a conference call with investors. “It may be more pronounced with lower-income consumers, but its important to recognize that all income cohorts are seeking value.”

During the same call, Kempczinski said McDonald’s needed a nationwide deal emphasizing its value if it wanted to keep up with rivals.

Other chains have also reported slowing sales. Starbucks said last month that it was seeing a sharper and faster decline in U.S. consumer confidence than it had anticipated in the January-March period. Starbucks said it plans to open up its Rewards app to non-members in July so they can take advantage of the deals it offers.