Welding and Fabrication Business Plan in Nigeria
The welding and fabrication business is one with a lot of prospects. If you have skills in this area, you can a lot of money in Nigeria. Welding and fabrication can become a major contributor to the Nigerian economy in the nearest future.
Have you been wondering how you can get involved in this business? We put this post together just for you. In this post, we will teach you all you need to know before starting this business. Before we do this, let’s look through a sample welding and fabrication business plan.
Sample Welding and Fabrication Business Plan in Nigeria
The place of a business plan in the running of a business cannot be overemphasized. You can use a business plan to attract investors and get loans. Another use of business plans is running your business.
We put together this business plan after much research. This is a sample so it is an abridged version. You can reach out to us for the complete plan at a very affordable cost. Now, let’s look at the business plan.
Business Name: Max Metals
Location: Enugu State
Industry: Manufacture and Construction
Welding and fabrication involve the joining of metals or thermoplastics through a process known as fusion. It is very different from soldering or brazing. This process adds value to metals as they can be formed into different structures and machines.
Max Metals is based in Enugu State. This company is registered to carry out all manner of metal fabrication, construction, and maintenance. Our services include torching, cutting, bending, assembling, and riveting, to mention a few. To this end, we carry out several kinds of welding such as oxy-fuel welding, gas tungsten arc welding, and shielded metal welding.
At Max Metals we will focus on excellent service delivery and customer service. We will ensure that the communication channel between clients and the company is unhindered. Customers are always in need of information and support for our products. Because of this, we have invested in an efficient team of customer care staff that will attend to the needs of customers.
Our vision at Max Metals is to become the one-stop company for high-quality welding and fabrication services in Enugu State within the first five years of operation.
Max Metals desires to become the best in welding and fabrication in the whole of Nigeria in the next 10 years. We seek to provide unparalleled services in this sector such that our products will be preferred to any other on the market.
Rather than dream about achieving our business vision and mission, we have put together a list of objectives. These objectives will saliently drive us to achieve our mission and vision as a body. We carefully put together these business objectives below:
- Satisfy the metal and construction needs of our clients beyond their expectations.
- Increase our client base by a minimum of 20% every year from the first year of operation.
- Attain a healthy profit margin of at least 18% during the first year of production.
- Ensure that the business becomes self-sustaining at the end of the first year of operation.
Keys to success
Even though we have clear cut business objectives, we need a clear plan to achieve these objectives. These are keys to the success of Max Metals:
- Ensuring that we maintain fair prices so that we can attract more customers.
- Maintain excellence and efficiency in all services offered by our company.
- Employing a team of highly-qualified staff who are self-motivated and can work under pressure.
- Consistently researching and implementing new methods into the delivery of our services.
- Taking advantage of all the media possible to publicize the business.
The welding and fabrication business is one that has a lot of competition. Most of our competitors in this sector have a huge capital base. This means that they have all the equipment they need at their disposal.
Max metals took time to study the market to see out its competitive advantages. After much research, we have come up with the following:
- Forging strategic relationships with manufacturers and other businesses in the industry.
- Making use of the best materials to produce high-quality machines and metal constructions.
- Installation and efficient maintenance of our products when necessary.
- Efficient customer service channels.
- Competitive prices.
We believe that all of these will give us an edge in the industry. Furthermore, we will continue to improve our processes so that we can gain more ground in the industry.
As we have stated earlier, this is only a sample which is why it is abridged. To get the full plan, reach out to us. We will provide it at a very affordable price in record time.
Types of welding
Before we continue with starting the business, you need to what the welding business entails. We have already defined what welding is above so there is no need going back to that. However, did you know that there are several types of welding?
The basis of the classification is the kind of energy used. There is electro-chemical welding, chemical welding, electric-arc welding, etc.
Let’s take a look at some of the types of welding below:
- Hot plastic welding. This is used in making chemical tanks, plumbing fittings, and heat exchangers.
- Contact plastic welding. In this process, the electric conduction is used in conjunction with puncher tips. It shares a similarity with the spot welding process.
- Hot plate welding. This method makes use of great platen for the melting of the metal parts that will be welded.
- High-frequency welding. This process employs electromagnetic waves of very high frequency. Just like the rest, it has its specific applications.
- Ultrasonic welding. This process uses high-frequency sound waves for the melting of metals.
Other types of welding include:
- Friction welding or vibration welding.
- Laser welding
- Spin welding
- Solvent welding
To learn more about these types of welding, you need to attend specialized training.
Starting your welding and fabrication business in Nigeria
By now, we can guess that you are itching to start your business. However, you must learn a few things before jumping into this business. The more knowledge you have, the more successful you are likely to be.
This business is not like buying and selling. It requires you to obtain a specific set of skills. Even though you can learn a lot from the internet, you must enroll in a school for this. However, we don’t have so many schools teaching this skill in Nigeria.
Your best bet is to enroll with a reputable welder around you. Here, you learn the ropes of the business. If you can, get a certificate as it will put you on the front foot when seeking contracts.
Feasibility study and business plan
If before now you had the notion that both documents were not important, drop it. A feasibility study tells you a lot about the business you are about to invest in. It gives you a clear picture of the challenges you will face and the materials you need among others.
With this information, you can write a detailed business plan that will drive success. We can help you write a detailed business plan at an affordable cost. All you need to do is reach out to us.
Register your business
Many welding and fabrication businesses in Nigeria operate on a small scale. As a result, they do not register their business appropriately. The result of this is that they are not able to bid for big jobs.
Registering with the appropriate authorities does not cost you so much. Compare the cost to the benefits and it is a pin dropping in the ocean.
Find a location
The location of your business is very important to its success. This business needs a lot of electrical power. You need to site your business in an area where you have sufficient power. This saves you cost on running on generators frequently.
You also need to consider the accessibility of your customers. Ensure that your business location is not too scattered and clumsy. Make space for customers to sit and be comfortable.
You cannot run this business without equipment. There are several pieces of equipment that you need. Examples include welding tables, tig rods, acetylene and oxygen cylinders, bench vices, etc. Find out the equipment you need and purchase them.
This is not a job you can do by yourself. You need at least one person to work with you. Find trustworthy individuals who have a bit of experience to work with.
Market your business
There are several ways of marketing your business. From your feasibility study, you will have an idea of what you need to do. Use the right channels to sell your business to the public and watch your business soar.
Now you know how to start a welding and fabrication business in Nigeria. This business is highly lucrative and could make you a millionaire real soon. We can help you write a detailed business plan at an affordable price. Contact us.
Get your Welding and Fabrication Business Plan in Nigeria and feasibility study. pay N20,000 to:
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Account Name: Chibuzor Tochi Onyemenam
Account Number: 0044056891
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