Nigeria - Business creation project

Describe your project or startup in a few words

Olive Auto Store is a premier automotive dealership renowned for offering a comprehensive range of high-quality vehicles, parts and exceptional customer service. Specializing in both new and pre-owned cars, Olive Auto Store provides an extensive selection

01.01 Describe your project in more detail

OLIVE AUTOS is a distinguished automotive dealership renowned for its wide selection of vehicles, exceptional customer service, and commitment to quality. Located in Lagos, Nigeria. The store caters to a diverse clientele, providing both new and pre-owned vehicles from leading automotive brands. Inventory OLIVE AUTOS offers an extensive inventory that includes the latest models of cars, trucks, SUVs, and electric vehicles. Each vehicle undergoes a thorough inspection. Product Range The store's product lineup includes, but is not limited to: -Engine Components:Pistons, crankshafts, camshafts, and other vital engine parts. - Brake Systems: Brake pads, rotors, calipers, and complete brake kits. - Suspension and Steering:Shocks, struts, control arms, and steering racks. - Electrical Systems: Alternators, starters, batteries, and wiring harnesses. Exhaust Systems: Mufflers, catalytic converter,oil purifier and lots more.

01.02 What is the main problem you are trying to solve?

OLIVE AUTOS, based on the limited context, seems to imply an innovative solution in the automotive sector, possibly involving electric vehicles (EVs), autonomous technology, or mobility services. Here are some key economic problems such a company could address 1.Environmental Impact: By promoting electric vehicles or more efficient mobility solutions, OLIVE AUTOS could help reduce greenhouse gas emissions and pollution, contributing to better public health and sustainability. 2.Energy Efficiency: Transitioning from fossil fuels to electric power or other sustainable energy sources can reduce dependency on non-renewable resources, leading to more stable and predictable energy costs. 3.Traffic Congestion: Autonomous or shared mobility solutions can optimize traffic flow and reduce congestion in urban areas, improving productivity and reducing time lost in traffic. 4.Transportation Accessibility:Innovative mobility solutions can improve transportation access Economic growth Cost saving

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

Quality and durability Wide range products Competitive pricing Customer service Warranty and guaranty Innovation and technology.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

Olive Auto Store's business is typically aimed at the following groups: 1. **Individual Vehicle Owners**: People who own cars and need parts, accessories, or maintenance products. 2. **Mechanics and Auto Repair Shops**: Professionals who require parts and tools for their business. 3. **Fleet Operators**: Companies that manage a large number of vehicles and need regular supplies of parts and maintenance products. 4. **Car Enthusiasts and Hobbyists**: Individuals who work on their own cars as a hobby and seek specialized or high-performance parts. These target audiences reflect the typical customer base for an auto parts and accessories business.

01.05 When did you start working on your project?

2024-05-10

01.06 How many other partners are associated with your business venture?

5

01.07 Among the other partners, how many are female?

2

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Just me It's a new business

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

https://www.facebook.com/olive.autos.llc

01.10 Which industry best describes your project?

e) Secondary commodities (cars and parts, consumer durables and apparel, retail)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

Job creation Skill development Fair wages and benefits Training Donations and lot more

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Provide employment Train people Donate to charity Empowerment Fair wages

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

Education Medical care Donations Fair wages

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

Empowerment Raising entrepreneurs Scholarships and more Fair wages

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Both men and women are welcome to benefit massively from OLIVE AUTOS Empowerment Education Will be available for all genders Fair wages

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

Borehole will be made for communities that don't have Water will be treated for adults and children to give them a healthy living Proper drainage will be made in rural areas to save live of people in poor and dirty communities. Donations Fair wages to the empowered

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Olive autos will provide access to affordable and clean energy by Providing engines.

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

Empowerment More employment Fair wages

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Our brand and products will be the new age of automotive industry because we will get from the best manufacturers,tat are tested and trusted for justification

02.10.01 My project contributes to the Reduced inequalities goal

7 - Strongly Agree

02.10.02 Reduced inequalities - Justification

Our products will proviy.ore equality among countries where our products are being used properly our brand will be a new age of automotive industry

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Our products are brand new and durable, therefore they will guarantee a safe and sustainable products for customers and the community

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Our products are brand new and durable original products which will not consume too much fuel or clean energy so the consumer can enjoy a better life with his automobile.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

Yes our products contributes to climax action because we have oil purifier that reduces carbon monoxide in the atmosphere and also converts it to fuel for turbo chargers.

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

Yes our products safe life on land because it's durable and brand new

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

My startup is in the automotive industry so it definitely contributes to this goal by providing empowerment, employment and Entrepreneurship

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

3

05.02 The product/service we envision creating represents an entirely new type of product/service.

7 - Strongly Agree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

Well, my product is unique because 1.it will be the first of it's kind in my country. 2. Artificial intelligence integration 3. E-commerce available 4. More job employment 5. Future products that provides clean energy.

05.09 Who are your main potential competitors and what makes you stand out from them?

Automedics Ladipo market AUTO STORES CAR DEALERS

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes I'll promote female entrepreneurs They went to the same schools as males and the are equally intelligent as males...so olive autos will empower females