Nigeria - Business creation project

Describe your project or startup in a few words

Ramchijoe Rentals is a project I have been longing to embark on after I have understudied my cousin brother who is also my mentor. We offer rental of tents, tables, chairs, ice chest and canopies.

01.01 Describe your project in more detail

Ramchijoe Rentals is a new event rental business that aims to provide high-quality, affordable rental equipment for various events, including weddings, corporate events, parties, and other social gatherings. Our mission is to offer exceptional customer service and a wide range of products to ensure successful and memorable events for our clients.

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

To ensure that events run smoothly, meet objectives, and provide a positive experience for attendees. To deliver affordable service for all clients according to their financial capabilities.

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

1. My services will be affordable 2. I will employ casual and main staffs 3. My services will be top notch and high quality rental equipments will be used. Customer feedbacks will be encouraged.

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

Our primary customers include event planners, wedding coordinators, corporate clients and individuals hosting personal events in Enugu and neighboring states.

01.05 When did you start working on your project?

2022-06-23

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.)

The three males will be responsible for loading and offloading of rental equipments. Erecting canopies and dismantling. The two ladies will be responsible for marketing and check list.

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

01.10 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My project contributes to the No poverty goal

5

02.01.02 No poverty - Justification

I will be employing five staffs and numerous contract staffs, these will help them make money and take care of their families.

02.02.01 My project contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification

The money my staffs and contract staffs makes will help them feed their families.

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

6

02.03.02 Good health and well-being - Justification

The physical nature of our work will also serve as a means of exercise promoting good health and well being.

02.04.01 My project contributes to the Quality education goal

6

02.04.02 Quality education - Justification

Considering the apprenticeship system of education, I will also train my staffs so they can have their own start up in the future

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

With three males and two females staff ratio, I believe both genders are well represented. Same ratio will apply in the contract staffs too.

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

Clean water will be provided for the staffs and empty cans properly disposed.

02.07.01 My project contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification

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

My work will bring in funds from diaspora since some of our customers are based outside. By also paying our tax we will contribute to the economic growth of the country.

02.09.01 My project contributes to the Industry innovation and infrastructure

4

02.09.02 Industry innovation and infrastructure - Justification

02.10.01 My project contributes to the Reduced inequalities goal

1 - Strongly Disagree

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

6

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

3

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

3

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

2

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

6

02.15.02 Life on land - Justification

In erecting our equipment we will ensure we protect the life on land.

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

4

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

We are open for partnership both in Nigeria and abroad.

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

5

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

6

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

6

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

6

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

4

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.

5

05.08 Justification

My project will be in partnership with other industry experts. We will have a partner caterer, a partner decorator and a partner drink dealer.

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

My main competitor is Clemabs Rentals. They offer only rental of canopies, chairs and tables. I intend adding tents, ice chest and ice block too. I will also partner with caterer, event decorator and a retail drink seller to give my intending client almost all the services they need for a successful event.

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

Yes. I believe women needs to be empowered in our society. That's why women are also part of my team.