Starting a Cold Water Starch Production Company – Sample Business Plan Template
1. Carryout Thorough Feasibility Studies
The need for a proper and thorough research cannot be over emphasized. Great businesses that have started small and grown have gone through the process of garnering all the information they can before kick starting their cold water starch business. You can visit local libraries around you to see if you can get books on this. Yet one other way to garner all the information you need on the cold water starch industry and how to start one is through the internet. You do not need much money to acquire the necessary knowledge needed. All you need is to go on the internet and Google as many sites as there are.
2. Start At Home
After you have taken the first step to know how to start out and how to produce the cold water starch, the next step needed would be for you to start out. Unlike some other businesses where you must start out registered, this is one type of business you might want to start out without being registered. This is because there isn’t a law regulating or prohibiting one from starting out on a small scale.
Starting out is relatively cheap and you can start packaging them with old water plastics. It is very easy to prepare and unlike the spray starch and hot water starch, it can be used easily. However, if you do have the capital to rent a place is sure to get a space like a minimum of four rooms on a large scale. However, when starting from your home, be sure to set aside a room or two.
3. Very Little Startup Capital
Unlike other businesses that might require a huge amount of money, the cold water starch business requires you start with just about 85 dollars. You would agree with me that unlike other businesses where a huge start up is needed, this business can be started with as low as that amount of money and the profits you can expect is enormous compared to what you might have started with.
4. Get Adequate Skill Required
After you have done your research and decided to start the next thing for you to do might be to get the required skill needed. This is depending on the scale you want to start out on, you might also decide to hire an already trained labour, or get an apprentice whom you could train to assist in the day to day production. This is because a skilled hand can produce up to 1 ton of the product per day and if there are two hands, you can be sure that more hands would produce more tons.
5. Materials Needed
Whether you are starting from home or not, it is important to note that there are packaging materials needed to start with. Here are some of the materials needed; you would need to buy already made nylons that you could store the powder in. You might also need bottles. Cartons are also needed for bulk packaging. You might also need a small sealing machine. You can purchase this from people who sell used ones.
6. Know Your Market
It very important that as you start out with your own cold water starch company, that you know who your target audiences are. What you might have to first do is figure out the people who are usually in need of the starch. You might want to begin to narrow down from big laundry stores, to small ones, homes, hotels, even offices where you can start with on a small scale. As time goes on you can expand to other areas like the internet.
7. Market Your Product
No business no matter how small starts and grows without a good marketing plan .Have a good marketing blue print for your business. You can start with having a facebook page, to owning a twitter handle. Also you might want begin to blog on different issues regarding care of clothes. You could also want to add handbills and flyers to capture potential clients. Do not throw away the good old word of mouth. Let family and friends use your products so that they might be able to sing your praise through word of mouth.
These are the steps you would need to kick start your own cold water starch business. Being a supplier of this product sure would guarantee an enormous return, but you must be sure to look for new ways to stay in business as well as satisfy your customers always
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