Hello sir,

I am a graduate of biochemistry with little knowledge about the business world.

I believe in being self-employed and, in view of this, I have this idea about investing in the auto industry. However, I have been having headaches on how to develop a business plan for this. I will be grateful if you can give me a guideline or highlight some key points on how I can come up with a business plan. I have already noted some points you made in the last two paragraphs of your article in The PUNCH of Wednesday, March 27. Thank you.

Adesanya A.

Dear Adesanya,

You will need an experienced hand to help you do a good business plan; as it is not a document that is done anyhow because the business plan is meant to serve as the template for the business. My advice is that when you find the person to help you do the business plan, please dont look for free service. Since you need useful information to make money from, you should be willing to exchange it for value. Also, the fee a good consultant may charge you may not be that cheap, therefore, you should be prepared to pay. It is part of your investment, which you want to make profit from. Regards.

Emmanuel

Dear Ola,

I agree 100 per cent with your view on economies of scale to attain a global brand model hinged on applying laws of leverage, co-operative, alliance, and synergy like the restless ants that ride on economies of scale.

Kowontan O.

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