What they look like. So, you have to make the bags depending on their requirement. Paper bag is one commodity that is used mostly in the retailing industry for packaging goods that are bought from departmental stores, supermarkets, and in the open market; although nylon bags cum polythene bags are also used, but most people prefer paper bags. Joy Nwokoro is a Freelance Business Journalist, researcher, translator and sales trainer who have worked with numerous clients amongst which is Women in World Banking, a business research NGO in New York, United States of America. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time. May 4, 2019 Our paper bag manufacturing company is located in an ideal property highly suitable for the kind of manufacturing company that we want to run. Read the following part of the article to know about the requirements in starting this business. Passion Soles is a women-only shoe store in Eugene, OR. One of our major goals of starting Red Ribbon® Paper Bag Manufacturing Co is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. 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We in the paper bag manufacturing industry will supply our products to the following fast-moving consumer goods organizations; A close examination of the paper bag manufacturing industry reveals that the market has become much more intensely competitive over the last decade. If you continue browsing the site, you agree to the use of cookies on this website. Proper brand promotion helps in boosting your sales. Market simulationThe target segment of this business is segment A which is… The bags are used in shopping malls, local stores, gift stores and the like. Our mission is to establish a world – class paper bag manufacturing company whose products will not only be used by both small and big corporations in the FMCG sector in the United States of America, but also be exported to other countries of the world. All you need to do is to ensure that you conduct thorough feasibility studies and market survey before launching the business. Red Ribbon® Paper Bag Manufacturing Co will ensure that all the paper bags that leave our factory are of the highest quality and highly durable and affordable. Fruit ‘N Fit Business Plan Nadia Browne 3 EXECUTIVE SUMMARY “Fruit ‘N Fit” is the vision of a young entrepreneur. It also helps check problems like environmental pollution and the like. The bag making machine is capable of making 60 bags in a minute. leading the development and implementation of the overall organization’s strategy. The first step in designing your business is to create a solid business plan. We are going to explore all available means to promote our cardboard and paper bag manufacturing company. Red Ribbon® Paper Bag Manufacturing Co is a US registered paper bag and cardboard manufacturing company that will be located in Trenton – New Jersey; in an ideal location that is highly suitable for the kind of business we want to establish. The total cost for the purchase and installation of CCTVs: The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): Generate part of the startup capital from personal savings, Source for soft loans from family members and friends. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. Details of registration procedure for this business. In summary, Red Ribbon® Paper Bag Manufacturing Co will adopt the following sales and marketing approach to win customers over; Even though our paper bag manufacturing company is well positioned, we will still go ahead to intensify publicity for the business. In this section, you will get an idea on how to start paper bag manufacturing unit. Required fields are marked *. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. Why Start a Paper Bag Manufacturing Business? What raw materials are required for paper bag making business? Your business plan can also be a useful tool to help you raise capital for your business venture. The use of plastic bags has reduced to some extent to curb pollution. Budget involved in setting up the business. So let’s proceed to the business planning section. Try to make attractive bags so that customers are attracted to purchase your bags over others available in the market. Ensures compliance with taxation legislation. It is a fact that paper bags are used by the rich as well as the poor. Candle Making Business. Therefore, it can be said that individual planning to start this business can make a profit from the same. You can take the help of retailer to introduce your paper bag business to customers. These are the key areas where we will spend our startup capital on; We would need an estimate of $750,000 to successfully set up our paper bag manufacturing company in Trenton – New Jersey. However, if you have tight budget, you can also start it with rupees 1.5 lakhs and get raw materials and other items at a low price from the market. We hired experts who have good understanding of the cardboard and paper bag manufacturing industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in the United States of America. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. How much profit to expect from the business? Title Slide of Business proposal leather bags by dhara bhatt Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Business Plan handbag business plan sample For Leather Bag Making. Lenders like to lend money to businesses they think will be able to make it. The manufacturing process is not complex. The minimum price of the machine is rupees 3 lakhs. Here are the platforms we intend leveraging on to promote and advertise Red Ribbon® Paper Bag Manufacturing Co; Aside from quality, pricing is one of the key factors that gives leverage to cardboard and paper bag manufacturing companies, it is normal for consumers to go to places where they can get paper bags at cheaper prices which is why big players in the cardboard and paper bags manufacturing industry like DS Smith Packaging Ltd, SAICA Pack UK Limited and Smurfit Kappa UK Ltd et al will always attract loads of clients. Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats. 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