patrick chidi

ABUJA, BOR (UK)
Role(s):
Founder/Owner/Principal

BIGFLOWER INTERNATIONAL

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Location: ABUJA
Industry: Entertainment
Year Founded: 2006
Number Employees: 50-100 people
Description: EXECUTIVE SUMMARY BUISNESS DESCRIPTION Bigflower International Limited is a conglomerate that is evolving from sole proprietorship, the proposed expansion taking place in the company is all encompassing as we sought to achieve our aim of being the leading company in Africa by 2020 to provide services and products in Events sector of the tourism and entertainment industry. We propose to institute the following services and products: events management, tour management, training, publishing (books and magazine), outdoor catering, television content provision, organised events, agency, events centres. The company head office will be located In Abuja the capital of Nigeria because Abuja is the seat of Government and its been acclaimed as the fastest growing city in Africa, Bigflower International Ltd is strategically positioning to tap into this emerging market as the decision makers all reside in this great city. The company will operate branches to increase its client base. PRODUCTS / SERVICE DESCRIPTION Events Management Services under this include: Entertainment shows. Fashion shows. Fest and festivals Conferences, Seminars and Workshops. Products launch Trade fair and Exhibitions. TV and Radio shows. Carnivals. Symposiums. Supply and leasing of event items/equipment. Etc. Political Campaign Management. Training Our training courses include: Events Management Marketing and Interpersonal Communication Master of Ceremony and Public Speaking Other courses will be added as the company deems desirable Tour Management Tourism tours Artist musical tours Television content provision We will be producing a one hour television show that x-rays Events in Nigeria and the International Community it will feature news, bloopers, musical interludes and feature presentations. Bigflower organised events Aside from managing events for our clients we will institute our own events which will be patented to protect our intellectual property. Agency We will take franchise, media rights; non-compete distributorship’s, technical partnerships and manufacturers’ representatives where necessary. Events centres We will build and manage event centres (De` Assembly) across Nigeria with possible expansions to other African countries. This centres will be integrated with event venues, restaurant / bar, shopping mall and training rooms. Publishing We will publish educational series books in Events which will be thoughts pioneered by Bigflower International Ltd. Also we will publish a monthly national magazine series that will x-ray the Events sector it will be educational and entertaining. Catering We will provide both indoor and outdoor catering services, there will be a catering outfit integrated in all our event centres. THE MARKET The tourism and entertainment industry in Nigeria is experiencing tremendous growth as reflected in the federal office of statistics records, the industry is segmented into different sectors namely: events, tour management, touristry, hotels and resorts, catering and other pseudo services which includes transportation, guides etc. the industry is experiencing increased government concern in the area of budgeting, ministerial oversight and legislative protections, there is also private sector participation as recorded with the Tinapa resort in calabar cross rivers state and the arugungu festival of keffi state. There is immense investment in the events sector as corporate organisations are using the events to showcase their brands. COMPETITION The level of competition in the sector is moderate as the firms in the sector are all specialized in their buisness service i.e. divine concept initiative is specialized in fashion shows, toa communications is specialized in television shows etc. Notable is silver Bird group which are a conglomerate but major in hospitality and electronic media there activities have impact on market share only in the entertainment area as they have television and radio stations, cinema and hotels. The competition we expect will stem from the entertainment sector as there already major players in the sector which have large market share they include silver bird group, mo hits records, kennis music and daar communications plc. OPERATIONS To ensure high quality of products & services and delivering on our core values of quality, trust, creativity and integrity we would institute the following operations strategies: deployment of adequate manpower, deployment of asset for operations, creating an enabling environment & compensation for operations personnel. We would ensure that we keep operations cost at an appreciable standard so we keep price competitive and don’t sacrifice quality. MANAGEMENT TEAM The management Team will be seasoned professionals they will comprise the following persons: OWNER / CHIEF EXECUTIVE OFFICER – MR PATRICK CHIDI AKANUNO CHIEF OPERATING OFFICER – MR UCHENTA OTTOWO EXECUTIVE SECRETARY - MRS JULIE CHINONYE ANYANWU GM (BIGFLOWER TRAINING INSTITUTE LTD) – MR KELECHI JUSTIN A. GM (BIGFLOWER GUARD NIG. LTD) – MR EKWURU NWACHUKWU GM (BIGFLOWER MART NIG. LTD) – OPEN FOR RECRUITMENT / AS PROVIDED BY INVESTORS GM (BIGFLOWER TRINITY KITCHEN LTD) – OPEN FOR RECRUITMENT / AS PROVIDED BY INVESTORS GM (BIGFLOWER MEDIA & PUBLISHING LTD) – OPEN FOR RECRUITMENT / AS PROVIDED BY INVESTORS GM (BIGFLOWER EVENTS NIG. LTD) -OPEN FOR RECRUITMENT / AS PROVIDED BY INVESTORS GM (BIGFLOWER BUISNESS CLUB INC.)-OPEN FOR RECRUITMENT / AS PROVIDED BY INVESTORS DIRECTOR (BIGFLOWER FOUNDATION) - OPEN FOR RECRUITMENT / AS PROVIDED BY INVESTORS RISK AND OPPORTUNITY There are attendant risks associated with every buisness but ours is peculiar in that the factors which might have heavy bearing on the buisness are Government policies, external influence on buisness and economy, market shift and equipment break down. FINANCIAL SUMMARY YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 REVENUE 1,080,000,000 1,080,000,000 1,800,000,000 2,700,000,000 5,400,000,000 Cost Of Goods Sold 1,140,000,000 100,000,000 100,000,000 100,000,000 100,000,000 GROSS PROFIT -60,000,000 980,000,000 1,700,000,000 2,600,000,000 5.300,000,000 Total expenses 1,290,000,000 1,290,000,000 Nil Nil Nil Net income before tax 2,370,000,000 2,370,000,000 1,800,000,000 2,700,000,000 5,400,000,000 Less: Income Tax 10% 237,000,000 237,000,000 180,000,000 270,000,000 540,000,000 Net Income 2,133,000,000 2,133,000,000 1,620,000,000 2,430,000,000 4,860,000,000 CAPITAL REQUIREMENT AND OFFER Bigflower International requires two billion five hundred and eighty million naira (N2, 580,000,000) an equivalent of twenty one million, five hundred thousand dollars ($ 21,500,000) at an exchange rate of N120=$1. Investors will provide the funds needed in exchange for 75% equity shareholding that will be registered with corporate affairs commission of Nigeria. The anticipated return on investment will be 500% of initial investment at the end of fifth year of operations. EXIT STRATEGY Our exit strategy for investors will be initial public offering by our sixth year of operations and proceeds will pay investors their seed capital and investors get to keep part of the shares and still reap bountifully from their investment during profit sharing.