PROGRESSIVE REPORT ON MY PRINTING RECHARGE CARD BUSINESS

The business started on the 11th day of February, 2013 with the total sum of Two Hundred Thousand Naira Only (N200, 000.00). Although the capital amount was not wholly put on recharge cards purchase. Because of logistics and miscellaneous expenses, part of the capital was used in purchasing the following items:

S/N

Items

Unit

Cost Per Unit (N)

Total Cost (N)

Grand Total (N)

1.

Plastic table

1

2000

2000

5,000

2.

Plastic stool

2

500

1000

3.

MTN business umbrella 

1

1500

1500

4.

Business handbag

1

500

500

From the above, the total cost spent on logistics was Five Thousand Naira Only (N5, 000.00) and Seven Thousand Six Hundred and Seventy Naira Only (N7, 670.00) was for miscellaneous expenses, whereas One Hundred and Eighty Seven Thousand Three Hundred and Thirty Naira Only (N187, 330.00) was used for cards purchase. The analysis of which is tabulated below:

Card/Network Type: MTN

S/N

Denomination (N)

Purchase Unit Bundle

Purchase Cost Per Bundle (N)

Total Cost for Bundles (N)

Retail Price Profit (N)

1.

1500

4

14,400

14,400X4=57,600

600×4=2,400

2.

750

4

7,200

7200×4=28,800

300×4=1,200

3.

400

4

3,820

3,820×4=15,280

180×4=720

4.

200

5

1920

1,920×5=9,600

80×5=400

5.

100

5

960

960×5=4,800

40×5=200

                                        Total

116,080

4,920

Card/Network Type: GLO

1.

1000

4

9,500

9,500×4=38,000

500×4=2000

2.

500

4

4,750

4,750×4=19,000

250×4=1000

3.

200

5

1,900

1,900×5=9,500

100×5=500

4

100

5

950

950×5=4,750

50×5=250

                                  Grand Total

71,250

3,750

  

Grand Total for cards purchase from above tables is: N187, 330.00.

From the analysis above, it is expected that I could make a profit of Eight Thousand Six Hundred and Seventy Naira Only (N8, 670.00) on one purchase after sell-off. However, I make Three Hundred Naira (N300) or above every day from the business now. This is dependent on the time of sell-off. It could take some weeks or months depending on market demand.

Therefore, the business is progressively going in profit. In this business, there is less risk to anticipate except on the occasions of theft by robbers/criminals or losses of any other kind which are rarely encountered. 

Note that this is for a small starter, you can make more money depending on your effort as a business person. 


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