nexit loan business plan

Free Download: NEXIT Business Plan for Exited N-Power Beneficiaries

Last updated on May 23rd, 2023 at 08:19 pm

The Ministry of Humanitarian Affairs, Disaster Management, and Social Development revealed that exited N-Power beneficiaries would receive credit facilities from the Central Bank of Nigeria (CBN) after their NEXIT training.

The training which is scheduled to commence on Monday, March 14, 2022, nationwide will see the successful candidates at various NEXIT training centres

“Training of the first batch of 75,600 @npower_ng exited Beneficiaries from the 36 states and the FCT is proposed to be flagged off next week in Abuja for the five-day entrepreneurial training, which thereafter, qualifies them for loans,” Advertisements (adsbygoogle = window.adsbygoogle || []).push({}); Mrs Nneka Ikem Special Assistant, Media & Publicity, to the Minister Sadiya Farouq, says on Twitter.

Before downloading the business plan, you have to first check the training venue and date for the NEXIT programme.

NEXIT Business Plan

To obtain the NEXIT-CBN loan, candidates will be mandated to submit a business plan that contains the following details:

Personal details
Business information
Equipment list
Working capital
Product and services
Competition analysis
Management plan
Loan information
SWOT analysis

You can download the NEXIT business plan here

Note : There are differences between a business plan and a business proposal , as such, you are advised to carefully study the prescribed NEXIT business plan to avoid any kind of issues.

How many NEXIT applicants will get the CBN loan?

The CBN loan will first be made available to 75,600 exited N-Power beneficiaries across 36 states of Nigeria. A new date will be made available for the second batch

My name is not on the first batch of NEXIT list, what can I do?

If you didn’t make the first batch, wait for the next batch which contains the names of 154,400 exited N-Power beneficiaries.

How many exited beneficiaries qualified for the CBN loan?

According to the ministry, only 230,000 exited N-Power beneficiaries qualify for the loan which is backed by Nigeria’s apex bank.

How much is NEXIT loan?

The ministry is yet to reveal the exact amount each of the successful candidates will receive from the CBN.

What’s the NEXIT-CBN training about?

The training will educate successful candidates on entrepreneurship including farming and innovative ideas. As such, the curriculum for shortlisted NEXIT applicants has been made available

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Last Updated on Mar 23rd, 2024

Elizabeth Ifeoluwa

Were you once a participant of the Npower scheme and you want to apply for its exit benefits? Then, you must have heard about the NEXIT loan. The Npower/CBN Empowerment scheme, also called NEXIT aims to empower Npower exited beneficiaries by giving them loans to start up a business. This guide will help you understand what the scheme is all about and how to register and qualify for the loan.

An Overview Of NEXIT Loan

NEXIT loan is a type of loan that the Federal Government Of Nigeria provides for exited participants of the N-Power programme. The government created the NEXIT registration portal solely for all N-power beneficiaries.

The Federal Ministry of Humanitarian Affairs along with the Central Bank of Nigeria collaborated with the Federal Government to create this platform. With this portal, all N-power beneficiaries can access a variety of CBN empowerment options.

Also, they can apply for the numerous entrepreneurship, economic, and empowerment programmes the Central Bank of Nigeria has to offer.

How Can I Register And Apply For A NEXIT Loan?

To register and apply for the NEXIT loan, just follow the procedures below:

1. First, visit the N-power NEXIT web portal via https://nexit-fmhds.cbn.gov.ng/auth/signup

2. Input the E-mail Address you registered with as an N-Power Beneficiary

3. Next, input your password and confirm it. Remember to always keep your password private.

4. Thereafter, enter your basic details like your first name, surname, and BVN.

Lastly, cross-check the details to ensure that they are correct then click on submit. Yep platform will redirect you to an E-mail activation page. When you get to this stage, do this:

1. Re-enter your email address then click on ‘Resend Activation Mail‘

2. Wait for a verification mail that the portal will send to you.

3. Next, activate your account by clicking on the link in the verification mail that you received.

Lastly, re-login into the NEXIT portal and enter all your necessary information. Once you do this, your registration is successful.

What Requirements Do I Need To Apply For NEXIT Loan?

Candidates who want to apply for this loan benefit must fulfil the following conditions:

1. You Must Be Nigerian by Birth

2. Not currently employed in any government establishment (either State or Federal Government)

3. You must be either N-Power Batch A and B beneficiary.

4. Your NIN Number is also compulsory.

5. Educational Qualification Credentials

6. Your NPVN number

7. Bank Verification Number (BVN)

8. Your deployment letter from your PPA (place of primary assignment)

9. You need a valid means of identification like a voter’s card, National Identity Card, Driver’s Licence, NIN Number, or International Passport.

How much is the loan for NEXIT?

Candidates whose applications are successful will get up to 5 Million Naira loan without needing any collateral. This makes the offer a very attractive one.

How Can I Qualify For A NEXIT Loan?

The NEXIT Loan Business Plan is divided into 10 Parts, namely:

1. Personal Details (Biodata)

2. Business Information

3. Loan Information

4. Equipment List

5. Working Capital List

6. Product And Services

7. Assets List

8. Competitive Analysis

9. Management Plan

10. Swot Analysis

However, the major points the programme uses to disqualify candidates depend on the information in Numbers 4,5,6, and 7. Also, the judges will screen your managerial Plan and Competitive Analysis.

If you want to qualify for this loan, you should have a professional perspective on how to effectively use the loan capital. This is especially important for the numbers the judges are most concerned about. You have to draft a professional but detailed summary of your proposed business plan.

Do I need a CAC Certificate To Access The NEXIT Loan?

Basically, if your business has a CAC (Corporate Affairs Commission) certificate, it can increase your chances of securing higher loan amounts. With this certificate, you may be able to secure a loan within the range of a N1million to N3million. However, if you do not have this certificate, this means that you may receive lower loan amounts for your business.

Bottom Line

NEXIT loan is a special type of loan the Federal Government of Nigeria offers to individuals who have completed the N-power programme successfully. Basically, this loan serves as a source of financial empowerment to enable these individuals to start a business. If you need a guide on how it works, follow the tips above.

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Nexit Business Plan Form For All States In Nigeria

NPower beneficiaries who were exited last year can now apply for the Central Bank of Nigeria CBN Nexit Business Loan . As a requirement to apply for the Nexit Business loan, exited NPOWER beneficiaries will have to submit a Business plan.

Below are the links to the websites where you can fill the Nexit Business Plan Form . The Nexit Business Plan Form is available For All States In Nigeria.

Note that the Federal Government (FG) has begun the training of 467,183 beneficiaries of exited N-Power batches on entrepreneurship.

After the training, beneficiaries of the scheme are to receive up to N3million loan to establish businesses of their own.

However, one of the requirements to get NEXIT CBN Entrepreneurial Loan is a business plan.

Eligibility for NEXIT CBN Entrepreneurial Loan

The N-Power batches eligible for NEXIT CBN loan are the beneficiaries who were exited last year after over two years to pave way for another set of beneficiaries of the National Social Investment Programme (NSIP) of the federal government.

Before we proceed to show you links (URL) to fill NEXIT loan business plan form, kindly note that the NEXIT business plan forms in the links below are being provided by training agency. Those who have not gotten the link to fill the Nexit business plan for m , should check below.

Link to fill Nexit business plan form for all States

Click on your state Nexit loan business plan form to start filling the form online.

FCT Abuja Nexit loan business plan form

Nassarawa Nexit loan business plan form

Sokoto Nexit loan business plan form

Zamfara Nexit loan business plan form

With these forms you can Create your Business Plan for the CBN Nexit Entrepreneurial Loan application.

Check back for Links for the remaining States on this page as we will continue to add them.

How to Write a Successful Business Plan for a Loan

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Table of Contents

What does a loan business plan include?

What lenders look for in a business plan, business plan for loan examples, resources for writing a business plan.

A comprehensive and well-written business plan can be used to persuade lenders that your business is worth investing in and hopefully, improve your chances of getting approved for a small-business loan . Many lenders will ask that you include a business plan along with other documents as part of your loan application.

When writing a business plan for a loan, you’ll want to highlight your abilities, justify your need for capital and prove your ability to repay the debt.

Here’s everything you need to know to get started.

How much do you need?

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We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

A successful business plan for a loan describes your financial goals and how you’ll achieve them. Although business plan components can vary from company to company, there are a few sections that are typically included in most plans.

These sections will help provide lenders with an overview of your business and explain why they should approve you for a loan.

Executive summary

The executive summary is used to spark interest in your business. It may include high-level information about you, your products and services, your management team, employees, business location and financial details. Your mission statement can be added here as well.

To help build a lender’s confidence in your business, you can also include a concise overview of your growth plans in this section.

Company overview

The company overview is an area to describe the strengths of your business. If you didn’t explain what problems your business will solve in the executive summary, do it here.

Highlight any experts on your team and what gives you a competitive advantage. You can also include specific details about your business such as when it was founded, your business entity type and history.

Products and services

Use this section to demonstrate the need for what you’re offering. Describe your products and services and explain how customers will benefit from having them.

Detail any equipment or materials that you need to provide your goods and services — this may be particularly helpful if you’re looking for equipment or inventory financing . You’ll also want to disclose any patents or copyrights in this section.

Market analysis

Here you can demonstrate that you’ve done your homework and showcase your understanding of your industry, current outlook, trends, target market and competitors.

You can add details about your target market that include where you’ll find customers, ways you plan to market to them and how your products and services will be delivered to them.

» MORE: How to write a market analysis for a business plan

Marketing and sales plan

Your marketing and sales plan provides details on how you intend to attract your customers and build a client base. You can also explain the steps involved in the sale and delivery of your product or service.

At a high level, this section should identify your sales goals and how you plan to achieve them — showing a lender how you’re going to make money to repay potential debt.

Operational plan

The operational plan section covers the physical requirements of operating your business on a day-to-day basis. Depending on your type of business, this may include location, facility requirements, equipment, vehicles, inventory needs and supplies. Production goals, timelines, quality control and customer service details may also be included.

Management team

This section illustrates how your business will be organized. You can list the management team, owners, board of directors and consultants with details about their experience and the role they will play at your company. This is also a good place to include an organizational chart .

From this section, a lender should understand why you and your team are qualified to run a business and why they should feel confident lending you money — even if you’re a startup.

Funding request

In this section, you’ll explain the amount of money you’re requesting from the lender and why you need it. You’ll describe how the funds will be used and how you intend to repay the loan.

You may also discuss any funding requirements you anticipate over the next five years and your strategic financial plans for the future.

» Need help writing? Learn about the best business plan software .

Financial statements

When you’re writing a business plan for a loan, this is one of the most important sections. The goal is to use your financial statements to prove to a lender that your business is stable and will be able to repay any potential debt.

In this section, you’ll want to include three to five years of income statements, cash flow statements and balance sheets. It can also be helpful to include an expense analysis, break-even analysis, capital expenditure budgets, projected income statements and projected cash flow statements. If you have collateral that you could put up to secure a loan, you should list it in this section as well.

If you’re a startup that doesn’t have much historical data to provide, you’ll want to include estimated costs, revenue and any other future projections you may have. Graphs and charts can be useful visual aids here.

In general, the more data you can use to show a lender your financial security, the better.

Finally, if necessary, supporting information and documents can be added in an appendix section. This may include credit histories, resumes, letters of reference, product pictures, licenses, permits, contracts and other legal documents.

Lenders will typically evaluate your loan application based on the five C’s — or characteristics — of credit : character, capacity, capital, conditions and collateral. Although your business plan won't contain everything a lender needs to complete its assessment, the document can highlight your strengths in each of these areas.

A lender will assess your character by reviewing your education, business experience and credit history. This assessment may also be extended to board members and your management team. Highlights of your strengths can be worked into the following sections of your business plan:

Executive summary.

Company overview.

Management team.

Capacity centers on your ability to repay the loan. Lenders will be looking at the revenue you plan to generate, your expenses, cash flow and your loan payment plan. This information can be included in the following sections:

Funding request.

Financial statements.

Capital is the amount of money you have invested in your business. Lenders can use it to judge your financial commitment to the business. You can use any of the following sections to highlight your financial commitment:

Operational plan.

Conditions refers to the purpose and market for your products and services. Lenders will be looking for information such as product demand, competition and industry trends. Information for this can be included in the following sections:

Market analysis.

Products and services.

Marketing and sales plan.

Collateral is an asset pledged to a lender to guarantee the repayment of a loan. This can be equipment, inventory, vehicles or something else of value. Use the following sections to include information on assets:

» MORE: How to get a business loan

Writing a business plan for a loan application can be intimidating, especially when you’re just getting started. It may be helpful to use a business plan template or refer to an existing sample as you’re going through the draft process.

Here are a few examples that you may find useful:

Business Plan Outline — Colorado Small Business Development Center

Business Plan Template — Iowa Small Business Development Center

Writing a Business Plan — Maine Small Business Development Center

Business Plan Workbook — Capital One

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See our overall favorites, or narrow it down by category to find the best options for you.

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U.S. Small Business Administration. The SBA offers a free self-paced course on writing a business plan. The course includes several videos, objectives for you to accomplish, as well as worksheets you can complete.

SCORE. SCORE, a nonprofit organization and resource partner of the SBA, offers free assistance that includes a step-by-step downloadable template to help startups create a business plan, and mentors who can review and refine your plan virtually or in person.

Small Business Development Centers. Similarly, your local SBDC can provide assistance with business planning and finding access to capital. These organizations also have virtual and in-person training courses, as well as opportunities to consult with business experts.

Business plan software. Although many business plan software platforms require a subscription, these tools can be useful if you want a templated approach that can break the process down for you step-by-step. Many of these services include a range of examples and templates, instruction videos and guides, and financial dashboards, among other features. You may also be able to use a free trial before committing to one of these software options.

A loan business plan outlines your business’s objectives, products or services, funding needs and finances. The goal of this document is to convince lenders that they should approve you for a business loan.

Not all lenders will require a business plan, but you’ll likely need one for bank and SBA loans. Even if it isn’t required, however, a lean business plan can be used to bolster your loan application.

Lenders ask for a business plan because they want to know that your business is and will continue to be financially stable. They want to know how you make money, spend money and plan to achieve your financial goals. All of this information allows them to assess whether you’ll be able to repay a loan and decide if they should approve your application.

On a similar note...

One blue credit card on a flat surface with coins on both sides.

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Npower: nexit business plan for exited n-power beneficiaries ( how to download).

Last week, the Ministry of Humanitarian Affairs, Disaster Management, and Social Development revealed that exited N-Power beneficiaries would receive credit facilities from the Central Bank of Nigeria (CBN) after their NEXIT training.

The training which is scheduled to commence on Monday, March 14, 2022, nationwide will see the successful candidates at various NEXIT training centres

sponsored by the Central Bank of Nigeria (CBN), which is scheduled for next week.

“Training of the first batch of 75,600 @npower_ng exited Beneficiaries from the 36 states and the FCT is proposed to be flagged off next week in Abuja for the five-day entrepreneurial training, which thereafter, qualifies them for loans,” Mrs Nneka Ikem Special Assistant, Media & Publicity, to the Minister Sadiya Farouq, says on Twitter.

Before downloading the business plan, you have to first check the training venue and date for the NEXIT programme.

NEXIT Business Plan

To obtain the NEXIT-CBN loan, candidates will be mandated to submit a business plan that contains the following details:

Personal details
Business information
Equipment list
Working capital
Product and services
Competition analysis
Management plan
Loan information
SWOT analysis

You can download the NEXIT business plan here

For Nasarawa candidates, head straight to the G-Consulting website to access the online business plan form

You can check the FCT NEXT candidates if you haven’t done so

Note : There are differences between a business plan and a business proposal , as such, you are advised to carefully study the prescribed NEXIT business plan to avoid any kind of issues.

How many NEXIT applicants will get the CBN loan?

The CBN loan will first be made available to 75,600 exited N-Power beneficiaries across 36 states of Nigeria. A new date will be made available for the second batch

My name is not on the first batch of NEXIT list, what can I do?

If you didn’t make the first batch, wait for the next batch which contains the names of 154,400 exited N-Power beneficiaries.

How many exited beneficiaries qualified for the CBN loan?

According to the ministry, only 230,000 exited N-Power beneficiaries qualify for the loan which is backed by Nigeria’s apex bank.

How much is NEXIT loan?

The ministry is yet to reveal the exact amount each of the successful candidates will receive from the CBN.

What’s the NEXIT-CBN training about?

The training will educate successful candidates on entrepreneurship including farming and innovative ideas.

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

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NEXIT: Soft Loan Disbursement to Commence Soon as Business Plan submission ends – Npower Batch A and B volunteers especially exited Npower trainees in Lagos should visit blinkplan.biz the template for preparing the business plan, exited Npower Batch A and B volunteers will observe that the columns have been completed as promised by the NEXIT training officers.

Recall, few weeks ago at the last day of the NEXIT soft loan training, the NEXIT training officials promised to assist Npower Batch A and B volunteers having difficulties in completing some columns in the business plan such as the financial plan, and other details, all the columns as we speak has been completed.

All things being equal exited Npower Batch A and B volunteers should start receiving their NEXIT soft loans by May, as promised by the NEXIT training officers, loan amount will be maximum of ₦3,000,000 and will be provided by the Central Bank of Nigeria in conjunction with NIRSAL Micro Finance Bank.

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Npower Nexit Training - How To Know If You Are Selected

In today's latest Npower news - We will be discussing Npower Nexit Training as part of the question that you have been asking since the Minister of humanitarian affairs release a statement about the Nexit programme training of the Npower batches A and B exited beneficiaries. So read on.

What is Nexit Training?

Nexit Training is a sort of entrepreneurship training that Exited Npower Volunteers will undergo to equip them with skills needed to manage or run a successful business. This training could be online or physical.

The Nexit Scheme Applicants have passed through the first stage of Nexit which is indicating interest by registering on the Nexit portal to participate in the FG empowerment opportunities for the Exited Npower Volunteers. Read also Why You Should Start A Business Before Nexit Loan Disbursement

The second stage of the nexit scheme exercise is the training of applicants fellow by the disbursement of starter Packages to the beneficiaries which is the third stage.

According to the Minister, out of the 500,000 exited N Power beneficiaries, about 390,000 of them have successfully been accommodated into the NEXIT programme while about 109,000 are already on their way to entrepreneurship on their own even before we started the NEXIT.

How To Know If You Are Selected For Npower Nexit Training

To know if you have been selected for the Nexit training when due, the following will happen:

1. You must have been among the registered Exited Npower Volunteers on Nexit Programme.

2. You will be informed via your Nexit registered email of your selection to participate in the next training.

3. The Nexit portal which is currently closed might probably be reopened for selected applicants to accept their selection and to probably update some records like bank account details.

NEXIT is an exit package for all the Exited beneficiaries of the N-Power in partnership with the Central Bank of Nigeria (CBN) to enable them to benefit from the CBN empowerment options. FG is working with the CBN to support the beneficiaries with soft loans - Nexit loans. Read also Template To Help You Write Business Plan For NYIF Loan And Others

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NPower Rolls Out NEXIT Package, 200,000 Beneficiaries To Be Engaged As Financial Service Operators

The Federal Government’s NPower scheme has rolled out the exit packages (NEXIT) for all beneficiaries of the programme.

With the NEXIT plan package, at least 200,000 exited Npower beneficiaries will be engaged as financial services operators under a Shared Agent Network Expansion Facility (SANEF) scheme controlled by the Central Bank of Nigeria.

Among other things, the NEXIT programme is expected to create a platform for Nigerian owned financial services companies to grow whilst empowering and creating job opportunities for Nigerian youths.

Investors King gathered that over 30,000 Npower volunteers have already been engaged as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme such as Federal Ministry of Agriculture and Rural Development/Agriculture for Food and Job Plan (FMARD AFJP) and the Project for Agricultural Co-ordination and Executive (PACE), while other Npower volunteers be given the alternative of benefiting from the GEEP micro-enterprise loans.

Also, about 200,000 exited Npower volunteers will be enrolled on a programme known as the Shared Agent Network Expansion Facility (SANEF) while at least 30,000 Npower volunteers will be deployed for the Mass Agric programme, a component of the Economic Sustainability Plan (ESP), and other NPower volunteers will be given the opportunity to develop their entrepreneurial skills and start new businesses under a micro-enterprise scheme.

The SANEF programme is a Federal Government initiative operated by the Central Bank of Nigeria, Commercial Deposit Money Banks, Nigeria Inter-Bank Settlement Systems (NIBSS), Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents with the primary aim and goal of accelerating financial inclusion and financial growth and development in Nigeria.

The SANEF, in partnership with the National Social Investment Programme (NSIP) will have 200,000 Npower graduates as its agents under the approved ‘SANEF licensed Super Agents’.

Recall that Investors King had earlier reported that the Federal government had, through its Ministry of Humanitarian Affairs, Disaster Management and Social Development which is handling the scheme, launched a portal for the 500,000 exited beneficiaries to apply for their exit packages.

The minister, Hajiya Sadiya Umar Farouq had encouraged the beneficiaries to exercise more patience and await the result of her efforts.

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However, the road ahead is not without its challenges. While travel within Europe and across the Atlantic remains strong, other regions present a more complex operating environment.

The ongoing conflict in the Middle East has dampened demand for certain destinations, while airspace restrictions resulting from geopolitical tensions, such as the Russian invasion of Ukraine, have disrupted flight routes to East Asia.

Despite these hurdles, IAG remains resilient, banking on the strength of its core markets and the performance of its brands to weather the storm.

The company’s strategic positioning and proactive measures to adapt to changing circumstances have positioned it to capitalize on the rebound in travel demand.

As the summer season approaches, IAG is focused on ensuring operational readiness to meet the surge in passenger numbers.

With travelers eager to reconnect with loved ones, explore new destinations, and embark on long-awaited vacations, the airline group stands ready to facilitate safe and seamless travel experiences.

As vaccination campaigns progress and travel sentiment rebounds, IAG’s proactive approach and strategic investments position it as a key player in the aviation industry’s recovery journey. With optimism on the horizon, the company remains committed to delivering exceptional service and fostering a seamless travel experience for passengers worldwide.

Israeli Troops Take Control of Rafah Border Crossing Amidst Ceasefire Talks

Israeli troops took control of the Rafah border-crossing area in Gaza on Tuesday morning, with Hamas saying all aid flows from Egypt had stopped.

The army has halted “the movement of people and aid completely,” the Hamas-run crossing authority said in a statement. Soldiers replaced Palestinian flags with Israeli ones.

It’s the first time Israel’s army has moved into the area since the war with Hamas began in October.

Israeli Military Tells About 100,000 People to Leave Eastern Rafah

Palestinians sheltering in Rafah were told Monday to move to an “expanded humanitarian area”.

The border is the main entry point for aid into Gaza, and the Palestinian territory’s only crossing aside from those with Israel. The US has been urging Israel for weeks to allow more food and other supplies into Gaza, parts of which the United Nations says are on the verge of famine.

The movement of troops came a day after Israel told residents in parts of eastern Rafah to leave immediately ahead of a possible attack on the city.

Most Arab and many European states have said Israel should not attack Rafah, fearing it would cause mass casualties. Prime Minister Benjamin Netanyahu says Rafah is the last bastion of Hamas, with about 5,000 to 8,000 of its fighters and senior leaders lodged in the city, as well as many Israeli hostages.

Cease-fire talks between the two sides continue to drag. Hamas said on Monday night it had accepted a proposal from mediators Egypt and Qatar. Israel rejected it, saying it contained demands the Jewish state cannot accept.

Israel Calls for Evacuation of Rafah Amid Threat of Assault

Israel called on civilians to evacuate parts of Rafah on Monday in what appeared to be preparation for a long-threatened assault on Hamas holdouts in the southern Gaza Strip city where more than a million war-displaced Palestinians have been sheltering.

Instructed by Arabic text messages, telephone calls, and flyers to move to what the Israeli military called an “expanded humanitarian zone” 20 km (7 miles) away, some Palestinian families lumbered out under chilly spring rain, witnesses said.

Israel’s military said it had begun encouraging residents of Rafah to evacuate in a “limited scope” operation. It gave no specific reasons, nor did it say if any offensive action might follow.

Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages. Victory is impossible without taking Rafah, it says.

The prospect of a high-casualty operation worries Western powers and neighbouring Egypt, which is trying to mediate a new round of truce talks between Israel and Hamas under which the Palestinian Islamist group might free some hostages.

The Rafah plan has opened an unusually public rift between Israel and Washington. Speaking to his U.S counterpart, Israeli Defence Minister Yoav Gallant linked Monday’s operation to the deadlock in indirect diplomacy, which he blamed on Hamas.

“During their discussion, Gallant discussed the efforts undertaken to achieve the release of hostages and indicated that at this stage, Hamas refuses the frameworks at hand,” the Israeli Defence Ministry said in a statement.

“Gallant emphasized that military action is required, including in the area of Rafah, at the lack of an alternative,” it added On Monday, the Israeli military called on Palestinians in eastern parts of Rafah to move to a nearby “humanitarian area”, saying it would “encourage … the gradual movement of civilians in the specified areas”.

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Business Plan Writing in Nigeria for Government Loan / Bank Proposal

We will write your business plan or proposal from the scratch and enable you get banks / government loans like Npower Nexit Loan, small scale business loan etc. Need professionals online to write your business plan? We are professional human resource team with years of experience in staffing and business management, hence writing a professional business plan in Nigeria is a walk over for us.

Writing Business Plan in Nigeria – What You Need to Know:

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Business Plan For Npower Nexit Loan

This kind of loan is very juicy as it has a very favorable pay-back policy hence N-power Nexit loan is very competitive. The only mean of screening out and reducing the high number of people yearning for this loan is to make all the past Npower beneficiaries write a professional business plan, any business plan that is not unique, written from the scratch with purpose driven for this kind of loan will surely fail to yield the desire goal.

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Step 3: Fill our one page business assessment form to enable us know few basic thing about your existing business or intending business

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Do you have some kind of reviews of other customers who have paid for any product or service before on your website?

JobsGivers.com is a large Human resource / business portal. Employers, job seekers and business owners patronize us on daily bases for different products and services, some customers reviews can be found here .

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Please minister release the Npower Nexit loan

The Social Investment Programme was initiated by the Buhari administration in 2015 when it came to power. The programme included the Npower which engaged about…

The Minister of Humanitarian affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq

The Social Investment Programme was initiated by the Buhari administration in 2015 when it came to power. The programme included the Npower which engaged about 500,000 youths who were each paid N30,000 monthly stipend for the period of two years.

After the expiration of their two years engagement, the beneficiaries were exited in the year 2020 with the promise that they would not be allowed to go back to the streets; that the federal government, through the Ministry Humanitarian and Disaster Management, which is the supervising ministry, promised that they would be placed on the Nexit programme. Under the new programme, each volunteer would be given a loan to start a business.

The volunteers were, therefore asked to fill an online application form in 2021 to show interest for the Nexit programme.

In February 2022, the same disengaged volunteers were again asked to dial a USSD code *45665#.

It took many of them an average of four attempts before they were able to access the USSD code successfully and each attempt costs N50. Imagine 500,000 making such attempts at least five times.

After all that, a text message was sent to some selected exited volunteers about the Nexit programme in March 2022 inviting them to a three-day training which will qualify them for a loan from the Central Bank of Nigeria to enable them to start a business of their choice. During the training they were asked to write a business plan for their chosen business, which will enable them to access the loan.

Unfortunately up to this moment, we have not heard from the minister and the ministry about the Nexit loan that was promised.

Even though the minister in interviews she granted various media houses admitted that the funds have been approved by the president for disbursement to the beneficiaries, none of them has received a kobo.

We are yet to know why the approved fund has not been disbursed or why it is taking too long to reach the beneficiaries.

It is in this regard that I am appealing to relevant authorities and the Ministry of Humanitarian and Disaster Management to please fast-track the process of disbursement to enable the Nexit volunteers to start something on their own in order to take care of themselves and their families in this harsh economic times.

Comrd Titus Chongkon wrote via [email protected]

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Free Business Plan Templates in Excel

By Joe Weller | September 27, 2020

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In this article, we’ve rounded up an extensive list of free business plan templates and samples for organizations of all sizes. You can download all of the plans in Excel.

Included on this page, you’ll find business plan templates in Excel , business plan checklists in Excel , business plan financial templates in Excel , and more.

Business Plan Templates in Excel

These Excel business plan templates are designed to guide you through each step of a well-rounded strategy that supports your marketing, sales, financial, and operational goals.

Business Plan Template in Excel

This Excel business plan template has all the traditional components of a standard business plan, with each section divided into tabs. This template includes space to provide the executive summary, target audience characteristics, product or service offering details, marketing strategies, and more. The plan also offers built-in formulas to complete calculations for sales forecasting, financial statements, and key business ratios.

Download Business Plan Template

Excel | Smartsheet

One-Page Business Plan in Excel

To check the feasibility of your business concept, use this single-page business plan template. The template allows you to jot down the core details related to your idea. This template also includes room for you to provide concise information about what you do, how you do it, why you do it, who your idea serves, your competitive advantage, your marketing strategies, and your success factors. At the bottom of this one-page plan, you’ll find a table to conduct a SWOT (strengths, weaknesses, opportunities, and threats) analysis. Find more downloadable single-page plans and examples at “ One-Page Business Plan Templates with a Quick How-To Guide .”

Download One-Page Business Plan

Excel | Word | PDF | Smartsheet

Sample 30-60-90-Day Business Plan for Startup in Excel

Sample 30 60 90 Day Business Plan for Startup Template

This 90-day business plan is designed for startup companies to develop a 90-day action plan. This template gives you room to outline the following: main goals and deliverables for each 30-day increment; key business activities; task ownership; and deadlines. This template also includes a built-in Gantt chart that adjusts as you enter dates. Visit “ 30-60-90-Day Business Plan Templates and Samples ” to download more free plans.

Download 30-60-90-Day Business Plan for Startup

For more free business plans in a wider variety of formats, visit “ Simple Business Plan Templates .”

Business Plan Checklists in Excel

These business plan checklists are useful for freelancers, entrepreneurs, and business owners who want to organize and track the progress of key business activities.

Business Planning Checklist with Timeline in Excel

Use this checklist to keep your business planning efforts on track. This template enables you to add tasks according to each phase of your plan, assign an owner to each task, and enter the respective start and end dates. The checklist also enables you to create and color-code a visual timeline when you highlight the start and end dates for each task.

Download Business Planning Checklist with Timeline Template

Business Plan Checklist with SWOT Analysis in Excel

Business Planning Checklist with SWOT Analysis

Use this business plan checklist to develop and organize your strategic plan. Add the name of the business activity, along with its status, due date, and pertinent notes. This template also includes a separate tab with a SWOT analysis matrix, so you can evaluate and prioritize your company’s strengths, weaknesses, opportunities, and threats.

Download Business Plan Checklist with SWOT Analysis - Excel

Business Startup Checklist in Excel

This checklist template is ideal for startup organizations. It allows you to list and categorize key tasks that you need to complete, including items related to research, strategic relationships, finance, development, and more. Check off each task upon completion to ensure you haven’t missed or overlooked any important business activities. Find additional resources by visiting “ Free Startup Plan, Budget & Cost Templates .”

‌Download Business Startup Checklist Template

Business Plan Financial Templates in Excel

Use these customizable templates to develop your organization’s financial plan.

Business Startup Costs Template in Excel

Use this template to estimate and track your startup and operational costs. This template gives you room to list line items for both funding and expenses; you can automatically calculate totals using the built-in formulas. To avoid overspending, compare budgeted amounts against actual amounts to determine where you can cut costs or find additional funding.

Download Business Startup Costs Template

Small-Business Budget Template in Excel

This simple business budget template is designed with small businesses in mind. The template helps you track the income and expenses that you accrue on a monthly and yearly basis. To log your cash balances and transactions for a given time frame, use the tab for cash flow recording.

Download Small-Business Budget Template - Excel

Startup Financial Statement Projections Template

This financial statement projections template includes a detailed profit and loss statement (or income statement), a balance sheet with business ratios, and a cash flow statement to analyze your company’s current and future financial position. This template also comes with built-in formulas, so you can calculate totals as you enter values and customize your statement to fit the needs of your business.

‌ Download Startup Financial Statement Projections Template

For additional templates to help you produce a sound financial plan, visit “ Free Financial Templates for a Business Plan .”

Business Plan Marketing and Sales Templates in Excel

Use these downloadable templates to support and reinforce the marketing and sales objectives in your business plan.

Sales Forecast Template in Excel

This sales forecast template allows you to view the projected sales of your products or services at both individual and combined levels over a 12-month period. You can organize this template by department, product group, customer type, and other helpful categories. The template has built-in formulas to calculate monthly and yearly sales totals. For additional resources to project sales, visit “ Free Sales Forecasting Templates .”

Download Sales Forecast Template

Marketing Budget Plan in Excel

This marketing budget plan template helps you organize and plan your campaign costs for key marketing activities, such as market research, advertising, content marketing , and public relations. Enter the projected quantity and cost under each campaign category; the built-in formulas enable you to calculate projected subtotals automatically. This template also includes a graph that auto-populates as you enter values, so you can see where your marketing dollars are going.

Download Marketing Budget Plan Template

Other Business Plans in Excel

Use these business plan templates to conduct analyses and develop a plan of action that aligns your strategy with your main business objectives.

Business Action Plan Template in Excel

Use this basic action plan template to develop a roadmap for reaching your goals. Add a description of each action item, assign the responsible party, and list the required resources, potential hazards, key dates, and desired outcome. You can use this template to develop an action plan for marketing, sales, program development, and more.

Download Business Action Plan Template

Business Plan Rubric in Excel

Once you complete your business plan, use this rubric template to score each section to ensure you include all the essential information. You can customize this rubric to fit the needs of your organization and provide insight into the areas of your plan where you want to delve more deeply or remove unnecessary details. By following these steps, you can make certain that your final business plan is clear, concise, and thorough.

Download Simple Business Plan Rubric

Competitive Analysis Template in Excel

This template enables you to analyze the competitive landscape and industry for your business. By providing details related to your company and competitors, you can assess and compare all key areas, including the target market, marketing strategies, product or service offerings, distribution channels, and more.

Download Competitive Analysis Template

Excel | Smartsheet

For additional free templates for all aspects of your business, visit “ Free Business Templates for Organizations of All Sizes .”

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48% of small businesses don’t make it past 5 years: Here’s how your business can beat the odds

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Small businesses are the backbone of America, making up the majority of all U.S. businesses. But despite Americans relying on small businesses to meet their everyday needs, almost half of all small businesses close after five years.

There are many reasons why small businesses fail, with financials and lack of planning being the leading causes.

To understand why more than half of small businesses fail within five years, we’ll look at small business statistics , failure reasons and what you can do to keep your business up and running.

Key insights: Small business statistics

435,629 businesses applied for business formation in March 2024 ( U.S. Census Bureau )
Small businesses account for 99% of all U.S. businesses ( U.S Bureau of Labor Statistics )
Between 2013 and 2023, small businesses employed an average of 46% of the workforce (U.S. Bureau of Labor Statistics)
79.4% of businesses survive past their first year ( U.S. Bureau of Labor Statistics , 2018-2023)
52% of businesses survive five years after opening (U.S. Bureau of Labor Statistics, 2018-2023)
34.7% of businesses survive 10 years after opening ( U.S. Bureau of Labor Statistics )

Why do small businesses fail?

While it can be difficult to pinpoint exactly why almost half of all small businesses fail within five years, there are areas that can make or break a business.

Small businesses may fail because they don’t have enough revenue or aren’t getting their products and services in front of the right customers. They may also fail due to poor business planning or lack of capital. Here are some reasons that small businesses don’t make it past the first few years:

They don’t have a clear business plan

A business plan is a good exercise in mapping out a business’s strategy. It helps business owners outline key aspects of growing their businesses, including stating the value of products and services and outlining the business structure, financial forecast and budget. It also allows the busines s to show potential revenue and any relevant goals or metrics.

Without a business plan, it can be difficult to scale a business and make thoughtful, strategic decisions.

They can’t get access to financing

Businesses may also not make it past their first five years because they may face financial challenges and need financing. Unfortunately, financing is hard to obtain for businesses under five years old.

According to the 2023 Small Business Credit Survey , 40 percent of businesses five years old and under were fully approved for a loan. By comparison, 53 percent of businesses between six and 20 years old were fully approved, and 66 percent of businesses over 20 years old were approved.

While there are lenders who offer some of the best startup business loans with more accessible eligibility criteria, brand-new businesses may still struggle to qualify. Additionally, as newer businesses are considered higher risk, lenders may charge higher interest rates and fees, making it difficult to fit loan payments into a new business’s budget. So, it’s no surprise that the 2023 Small Business Credit Survey found that 36 percent of businesses aged five years or younger used personal funds or a loan from family and friends to finance their business.

They manage cash flow poorly

Another common reason for closure is when a business can’t properly manage its cash flow. Good cash flow management starts with a business setting up and following a business budget, which will track your business’s fixed and variable costs and estimated revenue.

Some business owners think that a business budget is optional, and they don’t know their exact revenue and expenses. Without knowing where the business stands financially, it may fail at the first sign of a cash shortfall or emergency expense. The Q1 2024 Small Business Index found that while 71 percent of small businesses are adequately prepared for any future threats or disasters, 27 percent of businesses say they are only one disaster or threat away from closing.

They don’t have a target market

Many small businesses go to market without having a clear user or customer in mind or a defined product and niche. Small businesses may also enter a saturated market, making it difficult to stand out from all the other businesses offering the same products. Without market research and a customer in mind, businesses are not likely to succeed and make enough revenue to be profitable.

Small business failure rate by industry

Different industries have varying failure rates, which can relate to the profitability of some industries and businesses .

For example, hotel and accommodation services are one of the top industries for growth potential and have a fairly low failure rate. Similarly, agriculture makes up 5.6 percent of the U.S. gross domestic product and has one of the highest five-year survival rates at 65.2 percent.

Source: Survival of private sector establishments by opening year, 2018 to 2023. U.S. Bureau of Labor Statistics

How to maintain a successful small business

Achieving success with your small business means making a strategy for growth and planning ahead to overcome challenges that may crop up. Here are tips for running a successful small business:

Set goals and double down efforts

Use a business plan or other planning document to set business goals, including revenue, sales and marketing goals. Understand what measurements you’re going to use to determine if you’re successful. Then, put in the effort to make sales calls, go to trade shows or work on product development so that you can achieve your goals.

Develop a marketing plan

Consider the various platforms you will use to market your business, whether that’s direct mailers, social media , TV commercials or print advertising. Think through how you will reach your potential customers and track the success of your advertising campaigns to help you make future decisions.

Keep a close eye on finances

Set a business budget and keep track of all revenue and expenses down to the dollar. You want to know how your money is being used so that you can make the most of your income, cut down on waste and plan for unexpected expenses. If possible, also consider starting an emergency fund that you can use in case of an unexpected expense, slow month or actual emergency to avoid financial strain.

Hire talent

You may not have the time or skill to operate every part of your business alone. Think about hiring a talented employee with more skill in an area than you have. By doing so, you may increase sales while giving yourself time back to focus on the areas that you enjoy or excel at.

Apply for financing

You may not need the funds now, but you can apply for a business credit card or line of credit to use for future expenses, build business credit and establish a relationship with a lender, which can benefit your business in the long run.

Bottom line

Being a small business owner means joining the millions of small businesses that serve Americans the most, but it also comes with risks. U.S. Bureau of Labor Statistics data shows that from 2018 to 2023, only a little over half of all small businesses survived five years. But knowing the risks of your industry and managing finances and business loans well will give your business the best shot of surviving and becoming successful over many years.

Frequently asked questions

What is the #1 reason small businesses fail, what should you do when your small business is failing, what is the biggest key to success for a small business.

Article sources

We use primary sources to support our work. Bankrate’s authors, reporters and editors are subject-matter experts who thoroughly fact-check editorial content to ensure the information you’re reading is accurate, timely and relevant.

Business Formation Statistics . U.S. Census Bureau. Accessed on April 24, 2024.

2023 Small Business Profile . U.S. Small Business Administration. Accessed on April 24, 2024.

Survival of private sector establishments by opening year . U.S. Bureau of Labor Statistics. Accessed on April 24, 2024.

2024 Report on Employer Firms: Findings from the 2023 Small Business Credit Survey . Federal Reserve Banks. Accessed on April 24, 2024.

Business Employment Dynamics . U.S. Bureau of Labor Statistics. Accessed on April 24, 2024.

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Exit Strategies - All You Need to Know about Business Exit Planning

Kison Patel is the Founder and CEO of DealRoom, a Chicago-based diligence management software that uses Agile principles to innovate and modernize the finance industry. As a former M&A advisor with over a decade of experience, Kison developed DealRoom after seeing first hand a number of deep-seated, industry-wide structural issues and inefficiencies.

The question, “What is your exit plan?” tends to draw blank expressions when asked to business owners.

A survey of business owners conducted by the Exit Planning Institute shows that a startling 2 out of 10 businesses that are listed for sale eventually close a transaction, and of these, around a half end up closing only after significant concessions have been made by the seller.

Business owners need to think about exit planning before searching for potential buyers. The tools provided by DealRoom can be a valuable asset to any business owner looking to develop an exit strategy.

By working with a team of professional advisors, accountants, lawyers, and brokers, you can ensure the right documents are in place for a business exit whenever the time comes.

In this article, we talk about creating a business exit plan and how to make one for your business.

What is a Business Exit Strategy?

A business exit strategy outlines the steps that a business owner needs to take to generate maximum value from selling their company. A well-designed business exit strategy should be flexible enough to allow for unforeseen contingencies and account for the fact that business owners don’t always decide on their own terms when to exit. By creating a strategy in advance, owners can ensure that they can at least maximize value in the event of an unplanned exit from the business.

Investor exit strategy

An investor exit strategy is similar to that of a business exit strategy. However, investors look for a financial return on their exit from a company, so bequeathing is never one of the options considered. An investor will often have a list of potential acquirers in mind, as well as a timeframe, as soon as their investment is made. In this type of scenario, there is often an exit multiple in mind (i.e. a multiple of EBITDA or a multiple of the original investment made in the business).

Venture capital exit strategy

Another business exit strategy option is a venture capital exit strategy. As our article on venture capital outlines, if a company is venture funded then consider that your investor will have a pre-planned exit. As an early stage company, this is a natural part of taking investments. Usually, with a VC investment, the aim is for an exit after five years, either through an industry sale or an IPO, where they can liquidate their original equity investment.

Motives for Developing Exit Strategies

Technically, it is important for equity owners to have a broad outline of what an exit would look like. For example, the image below represents various motives ranging from financial gain to mitigating environmental risk.

Some of the common motives for business exit include the following:

Retirement - Arguably the most common reason of all motives is retirement. Business owners will inevitably retire at some stage, and it’s best that they have an exit strategy in place before doing so.

Investment return - A business exit strategy as part of a wider investment strategy - for example, the VC company planning to go to IPO after five years - makes the exit valuation part a component of the initial investment in the business.

Loss limit -A business exit is ultimately a kind of real option for a business. If the business is hemorrhaging money, the best option may be to exit immediately - ‘cutting your losses’ on the business, a sit was.

Force majeure - Like the examples of Covid-19 and Russia’s invasion of Ukraine, sometimes an investor or owner doesn’t really have a choice: The circumstances dictate that they have to exit.

Types of Exit Strategies

Sale to a strategic buyer

Strategic buyers are usually in the same industry as the company whose owner is looking to exit. And in other cases, the buyer can be in an adjacent market looking to compliment their products in an existing market, or expansion of their products into a market.

Sale to a financial buyer

Financial buyers are solely looking for a financial return from their investment in a business and the exit is the primary means of achieving this return. Examples include venture capital and private equity investors.

Initial Public Offering (IPO)

This form of exit, far more common with startups than mature companies, enables company owners to exit by selling their equity to investors in public equity markets.

Management buyout (MBO)

An exit through MBO would occur when the owner sells the company to its current management team, whose familiarity with the business technically should make them the best candidates to achieve value from an acquisition.

Leveraged buyout (LBO)

A leveraged buyout occurs when a buyer takes a loan or debt to purchase another company. The buyer also uses a combination of their assets and the acquired company's assets as collateral. Financial models can be used for multiple scenarios and simulations of when an LBO is an effective choice.

Liquidation

Liquidation can be used by a business owner to exit if they feel like the liquidation would yield cash faster or that the individual assets (i.e. property, plant, and equipment) of the business were more liquid than the business as a going entity.

Exit Strategy for Startups

Startups looking for VC investment can include an exit strategy as part of their initial pitch. It is not mandatory. Sometimes this can work when well, for example, when a startup founder is well versed in the industry and has a credible 5-year forecast.

Startup exit strategies depend on a few different factors:

Market timing

How have IPOs for startups performed in the past 12-18 months? If public markets are showing enthusiasm for companies like the one being pitched, it makes it easier to show how an exit can occur.

Comparable transactions

Similar to IPOs, companies can use comparable transactions (industry or private equity sales) to show investors their route to an exit. The comparable firms should be operating in the same or close to the same competitive space.

How to Put Together a Business Exit Plan

Remember that the purpose of the plan is to make the new business owner transition as straightforward as possible.

Although the steps which follow are general, nobody knows a business better than its owner, so take whatever steps are necessary to make your business as marketable to potential buyers as possible.

These steps also assume that you, the owner of a business, have weighed up the options elsewhere. Personal finances, family situations, and other career options are beyond the scope of this article.

Rather, the intention of the points below is to ensure that a business will be ready to sell in the fastest possible time at a fair price.

Business exit plan

Know the business
Ensure that finances are in order
Pay off creditors
Remove yourself from the business
Create a set of standard operating procedures
Establish (and train) the management team
Draw up a list of potential buyers

1. Know the business

This sounds obvious but a business can lose focus quickly in the aim of diversification, to the extent that it becomes ‘everything to every man.’

This may be useful in the short-term for revenue streams, but just be sure that your business has focus. It will help you find the right buyers when the time comes and to be able to communicate which part of the market your business occupies.

2. Ensure that finances are in order

This should be a priority regardless of any future business plans.

But if you intend to sell your business at short notice, it's best to have a clean, well-maintained set of financial statements going back at least three years.

3. Pay off creditors

The less debt that a business holds on its balance sheet, the more attractive it will be to potential buyers.

A common theme among small business owners in the US is thousands of dollars of credit card debt. This can be a red flag to many buyers and should be paid off as soon as possible.

4. Remove yourself from the business

How important are you to the day-to-day operations? If your business would lose more than 10% of its revenue were you to leave, the answer is “too important.”

If revenues are tied to the owner, buyers are not going to want to buy the business if the owner is going to leave right after.

Although it can be a challenge, seek to minimize your direct impact on the business, in turn making it more marketable.

5. Create a set of standard operating procedures

Closely related to the above point, ensure that your business has a set of standard operating procedures (SOPs), ideally in written form, that would allow any owner to maintain the business in working order merely by following a set of instructions.

6. Establish (and train) the management team

Are the existing managers capable of taking over the business and running it as is? If you leave the business for a vacation and one of your managers calls you several times, the answer to this question may be ‘no’.

They may need more training, or you may need a different set of managers. In either case, having a capable team in place will be valuable whether you decide to exit your business or not.

7. Draw up a list of potential buyers

A list of buyers should be made and refreshed on a reasonably regular basis. Ideally, you would know their criteria for buying a business, but this is not always practical.

Keeping a long list of buyers means that you can reach out to them at short notice if it is required at some point in the future.

This list is likely to include at least some of your managers or suppliers.

Importance of Exit Strategy

Many owners make the mistake of thinking that a business exit plan means the same thing as a ‘retirement plan’, believing that they can start thinking about putting one together as soon as they hit 55 years of age.

This is an error. Not because your departure is impending, but because it doesn’t give you the flexibility.

Instead of looking at a business exit plan as a retirement plan, rethink it as a divestment option.

An alternative way of thinking about this is, what happens to the business owner that doesn’t have an exit strategy? Think of the value destruction that occurs to the business if something unexpected happens and the owner has to make an unplanned sale, at a discount, in unattractive market circumstances, or even at a time of personal loss.

Instead of thinking about the business exit as something that will happen in the future, rethink it as something that could happen at any moment.

Exercising critical thinking to write a business exit strategy can be exciting as well as enlightening. Thinking of an exit as an end state is not the best approach since this limits businesses to a strict definition. Rather, consider how the process can be supportive of a business' growth strategy. Take these top three considerations:

Financial considerations: If the exit strategy has a target revenue number in 5 years then how will the business get there? What financial dashboards are needed to properly run the company? How will expenses be managed so a business does not outspend against earnings?
Supply chain considerations: What products will need to be in your catalog to maximize margins? What inventory turns ratio are you aiming for on a monthly basis?
People considerations: Who do I hire to grow the company exponentially? What benefits do I offer to attract the best talent but don't cause complications at the exit? How do I write the force majeure so I protect the company and employees?

A business's primary goal is long-term value generation to its customers, itself, and its stakeholders. Having a thoughtful exit strategy shows the maturity of a business's Leadership towards longevity and value creation. There are many facets of the journey from owner motivation to financial strategies.

At DealRoom we help the owners of businesses of all sizes prepare for this eventuality. Our Professional Services team is ready to help businesses think through these details. It is important that an exit strategy be a journey throughout the growth stages.

Talk to us about how our tools can be an asset for you in your exit plan.

Get your M&A process in order. Use DealRoom as a single source of truth and align your team.

CALL US ON: +234-803 632 3232
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The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know

President Joe Biden delivers remarks on student loan debt at Madison College, Monday, April 8, 2024, in Madison, Wis. (AP Photo/Evan Vucci)

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NEW YORK (AP) — Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their loans by Tuesday.

This one-time adjustment is meant to show a more accurate payment count for student loan borrowers.

Here’s what you need to know:

WHICH TYPES OF LOANS NEED TO BE CONSOLIDATED?

Borrowers with these types of loans must consolidate first to take advantage of this one-time adjustment:

— Commercially managed Federal Family Education Loan (FFEL) loans

— Parent PLUS loans

— Perkins loans

— Health Education Assistance Loan (HEAL) Program loans

You can learn more about the one-time adjustment at studentaid.gov .

WHEN IS THE DEADLINE?

The deadline to consolidate your loans is Tuesday.

WHAT IS LOAN CONSOLIDATION?

If you have multiple federal student loans, you can combine them into one loan with fixed interest. If you decide to consolidate your loans into a Direct Consolidation Loan, you can do so for free. Once you have consolidated your loans, you will have one monthly payment instead of multiple payments a month.

FILE - James Walter uses a phone at home in the Queens borough of New York, on April 7, 2021. Sleep scientists long ago established that insufficient sleep is linked with poor health outcomes, anxiety, obesity and several other negative effects. The research is equally conclusive that smartphones are particularly disruptive to the circadian clock that regulates sleep and other hormones. (AP Photo/Jessie Wardarski, File)

HOW DO I APPLY TO CONSOLIDATE MY LOANS?

You can apply to consolidate your loans at studentaid.gov/loan-consolidation . The consolidation process typically takes around 60 days to complete. Once you consolidate your loans, you will be eligible for the adjustment.

WHEN WILL I HEAR BACK IF MY LOANS ARE CANCELLED OR I RECEIVED CREDIT?

The Education Department is currently adjusting borrowers’ accounts and expects to finish by July 1.

The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.

Nyscinfo.com

10 Business That Need Business Plan For CBN Nexit Loan

Today, we’ll talk about different types of businesses and how to prepare a strategy for a Nexit CBN loan. So, without further ado, let’s get right to the topic.

A business plan is required for all Nexit applicants, whether they have an existing firm or are planning to start one. You can use these guidelines to choose a company type and prepare a business plan to apply for a CBN Nexit entrepreneurship loan for Npower beneficiaries who have left the program.

Business Types

Poultry farming
Hair and Salon
Fashion Designing
Fish Farming
Food restaurant
Dry Cleaning
Block Making
Building Materials Business
Delivery service business
Transportation Business

If you’re running or planning to start one of the businesses listed above and haven’t produced a business plan yet, check out our earlier post on how to write a business plan.

To apply for a CBN Nexit loan, you’ll need a business plan. The loan from the CBN A written document that details in depth an overview of your firm or startup, how you define its aims, and how you plan to achieve its goals will be required by the lender.

You must create a business plan, which is a documented blueprint for your company’s marketing, financial, and operational goals. As a result, Nexit applicants who have completed or are planning to complete the second round of training must develop a Npower business plan.

It’s worth noting that you can use the web builder to create a business plan for free.

This information was first published on nyscinfo.com . DMCA PROTECTED .

Source: Nyscinfo

The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says

A housing proposal could unlock nearly $1 trillion for homeowners, Meredith Whitney wrote for the FT.
The idea is for Freddie Mac to start purchasing secondary mortgages, offering a cost-effective way for borrowers to tap equity.
Homeowners face few options to do this, as there aren't many willing buyers.

An idea is percolating at one of America's government-sponsored mortgage finance giants that could unlock a huge new lifeline for homeowners, Meredith Whitney wrote for The Financial Times

"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallets. By the autumn, it could be on its way to $2tn," Whitney wrote.

That's if Freddie Mac secures approval from its regulator to operate in the market for secondary mortgages, also commonly known as home equity loans. If greenlighted, the scheme would be equivalent to a huge stimulus injection, but without a cent added to the national deficit, the "Oracle of Wall Street" explained.

Watch: What happens when the US debt reaches critical levels?

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Private student loan interest rates fall for 10-year loans

The latest private student loan interest rates from the Credible marketplace, updated weekly. ( iStock )

During the week of Apr. 22, 2024, average private student loan rates decreased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and increased for 5-year variable-rate loans.

10-year fixed rate: 9.19%, down from 10.45% the week before, -1.26
5-year variable rate: 8.17%, up from 7.75% the week before, +0.42

Through Credible, you can compare private student loan rates from multiple lenders.

For 10-year fixed private student loans, interest rates fell by over a full percentage point, while 5-year variable student loan interest ticked up by nearly half a percentage point.

Borrowers with good credit may find a lower rate with a private student loan than with some federal loans. For the 2023-24 academic school year, federal student loan rates will range from 5.50% to 8.05%. Private student loan rates for borrowers with good to excellent credit can be lower right now.

Because federal loans come with certain benefits, like access to income-driven repayment plans, you should always exhaust federal student loan options first before turning to private student loans to cover any funding gaps. Private lenders such as banks, credit unions, and online lenders provide private student loans. You can use private loans to pay for education costs and living expenses, which might not be covered by your federal education loans.

Interest rates and terms on private student loans can vary depending on your financial situation, credit history, and the lender you choose.

Take a look at Credible partner lenders’ rates for borrowers who used the Credible marketplace to select a lender during the week of April 22:

Private student loan rates (graduate and undergraduate)

Who sets federal and private interest rates?

Congress sets federal student loan interest rates each year. These fixed interest rates depend on the type of federal loan you take out, your dependency status and your year in school.

Private student loan interest rates can be fixed or variable and depend on your credit, repayment term and other factors. As a general rule, the better your credit score, the lower your interest rate is likely to be.

You can compare rates from multiple student loan lenders using Credible.

How does student loan interest work?

An interest rate is a percentage of the loan periodically tacked onto your balance — essentially the cost of borrowing money. Interest is one way lenders can make money from loans. Your monthly payment often pays interest first, with the rest going to the amount you initially borrowed (the principal).

Getting a low interest rate could help you save money over the life of the loan and pay off your debt faster.

What is a fixed- vs. variable-rate loan?

Here’s the difference between a fixed and variable rate:

With a fixed rate, your monthly payment amount will stay the same over the course of your loan term.
With a variable rate, your payments might rise or fall based on changing interest rates.

Comparison shopping for private student loan rates is easy when you use Credible.

Calculate your savings

Using a student loan interest calculator will help you estimate your monthly payments and the total amount you’ll owe over the life of your federal or private student loans.

Once you enter your information, you’ll be able to see what your estimated monthly payment will be, the total you’ll pay in interest over the life of the loan and the total amount you’ll pay back.

About Credible

Credible is a multi-lender marketplace that empowers consumers to discover financial products that are the best fit for their unique circumstances. Credible’s integrations with leading lenders and credit bureaus allow consumers to quickly compare accurate, personalized loan options – without putting their personal information at risk or affecting their credit score. The Credible marketplace provides an unrivaled customer experience, as reflected by over 4,300 positive Trustpilot reviews and a TrustScore of 4.7/5.

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Free Download: NEXIT Business Plan for Exited N-Power Beneficiaries
Before downloading the business plan, you have to first check the training venue and date for the NEXIT programme. NEXIT Business Plan. To obtain the NEXIT-CBN loan, candidates will be mandated to submit a business plan that contains the following details: Personal details; Business information; Equipment list; Working capital; Product and ...
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How Can I Qualify For A NEXIT Loan? The NEXIT Loan Business Plan is divided into 10 Parts, namely: 1. Personal Details (Biodata) 2. Business Information. 3. Loan Information. 4. Equipment List. 5. Working Capital List. 6. Product And Services. 7. Assets List. 8. Competitive Analysis. 9. Management Plan
How To Write Nexit Loan Business Plan
The N-Power management has hinted that qualified Nexit applicants are to receive up to N3million CBN loan following the flagging off the scheme by the federal government. But the criteria used to determine if a Nexit applicant is eligible for a Nexit loan is a well-written business plan. In this post, we will show you how to write Nexit loan business plan.
Nexit Business Plan Form For All States In Nigeria
The Nexit Business Plan Form is available For All States In Nigeria. Note that the Federal Government (FG) has begun the training of 467,183 beneficiaries of exited N-Power batches on entrepreneurship. After the training, beneficiaries of the scheme are to receive up to N3million loan to establish businesses of their own.
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Before downloading the business plan, you have to first check the training venue and date for the NEXIT programme. NEXIT Business Plan. To obtain the NEXIT-CBN loan, candidates will be mandated to submit a business plan that contains the following details:
How To Enroll For Npower Batch C NEXIT Loan
The creation and submission of the Business Plan is a crucial step in the NEXIT Loan application process. The loan amount that a candidate can obtain is determined by the candidate's business plan. Higher loan amounts, up to N3 million, would be offered if the business plan is determined to be viable.
How To Write Nexit CBN Entrepreneurship Loan Business Plan
How To Write Nexit CBN Entrepreneurship Loan Business Plan can be accessed below The Nexit Scheme management has made it clear that a Business plan is one of the criteria for successful disbursement to the qualified Nexit applicants who will receive N3 million CBN loan as a result of the FG flagging off the scheme.
NEXIT: Soft Loan Disbursement to Commence Soon as Business Plan
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Npower Nexit Training
NEXIT is an exit package for all the Exited beneficiaries of the N-Power in partnership with the Central Bank of Nigeria (CBN) to enable them to benefit from the CBN empowerment options. FG is working with the CBN to support the beneficiaries with soft loans - Nexit loans. Read also Template To Help You Write Business Plan For NYIF Loan And Others
NPower Rolls Out NEXIT Package, 200k Beneficiaries To Be Engaged As
The Federal Government's NPower scheme has rolled out the exit packages (NEXIT) for all beneficiaries of the programme. With the NEXIT plan package, at least 200,000 exited Npower beneficiaries will be engaged as financial services operators under a Shared Agent Network Expansion Facility (SANEF) scheme controlled by the Central Bank of Nigeria. Among other things, […]
Nexit Loan Business Plan Form For All States In Nigeria
Be reminded that the Federal Government (FG) has begun the training of 467,183 beneficiaries of exited N-Power batches on entrepreneurship. After the training, beneficiaries of the scheme are to receive up to N3million loan to establish businesses of their own. However, one of the requirements to get NEXIT CBN Entrepreneurial Loan is a business plan. . Here we will share links through which ...
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NEXIT: Business Plan Completed, Soft Loan Disbursement To Commence Soon by ezenwaez ( m ): 1:34pm On Apr 09, 2022. Exited Npower Batch A and B volunteers especially exited Npower trainees in Lagos should visit blinkplan.biz the template for preparing the business plan, exited Npower Batch A and B volunteers will observe that the columns have ...
Business Plan Writing in Nigeria for Government Loan ...
Business Plan For Npower Nexit Loan. This kind of loan is very juicy as it has a very favorable pay-back policy hence N-power Nexit loan is very competitive. The only mean of screening out and reducing the high number of people yearning for this loan is to make all the past Npower beneficiaries write a professional business plan, any business ...
Please minister release the Npower Nexit loan
During the training they were asked to write a business plan for their chosen business, which will enable them to access the loan. Unfortunately up to this moment, we have not heard from the minister and the ministry about the Nexit loan that was promised.
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Sample 30-60-90-Day Business Plan for Startup in Excel. This 90-day business plan is designed for startup companies to develop a 90-day action plan. This template gives you room to outline the following: main goals and deliverables for each 30-day increment; key business activities; task ownership; and deadlines.
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Npower Business Plan (G-Consult) FCT
Npower Business Plan (G-Consult) FCT. Business plan is closed. MONDAY - FRIDAY: 8.00AM - 5.00PM, SUNDAY AND SATURDAY: CLOSED. Contact Us. Plot 1027, Abiding Grace Plaza, After Apo Legislative Quarters, Apo - Gudu, Abdulsalam Abubakar, Abdul One Close, Off Abdulsalami Abubakar Way, Gudu District 900221, Abuja.
The deadline to consolidate some student loans to receive forgiveness
NEW YORK (AP) — Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their loans by Tuesday.
10 Business That Need Business Plan For CBN Nexit Loan
A business plan is required for all Nexit applicants, whether they have an existing firm or are planning to start one. You can use these guidelines to choose a company type and prepare a business plan to apply for a CBN Nexit entrepreneurship loan for Npower beneficiaries who have left the program. Business Types. Poultry farming; Hair and Salon
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Free Download: NEXIT Business Plan for Exited N-Power Beneficiaries

NEXIT Business Plan

How many NEXIT applicants will get the CBN loan?

My name is not on the first batch of NEXIT list, what can I do?

How many exited beneficiaries qualified for the CBN loan?

How much is NEXIT loan?

What’s the NEXIT-CBN training about?

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Last Updated on Mar 23rd, 2024

Elizabeth Ifeoluwa

An Overview Of NEXIT Loan

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Nexit Business Plan Form For All States In Nigeria

Eligibility for NEXIT CBN Entrepreneurial Loan

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How to Write a Successful Business Plan for a Loan

What does a loan business plan include?

How much do you need?

Executive summary

Company overview

Products and services

Market analysis

Marketing and sales plan

Operational plan

Management team

Funding request

Financial statements

Job Vacancies

NEXIT Business Plan

How many NEXIT applicants will get the CBN loan?

My name is not on the first batch of NEXIT list, what can I do?

How many exited beneficiaries qualified for the CBN loan?

How much is NEXIT loan?

What’s the NEXIT-CBN training about?

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