Dishwasing Atbp
Dishwasing Atbp
Executive Summary
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC is a
licensed company that will be located in Libis, Quezon City. We have been able to
secure a long term lease for a facility in a strategic location with an option of a long term
renewal on terms and conditions.
The facility has government approval for the kind of production business we want to run
and the facility is easily accessible. IOU Dishwashing Liquid Atbp Soap & Detergent
Production Company, LLC is in the industry to produce liquid soaps and detergents. We
are also in business to make profit and at the same to give our customers value for their
money.
We are aware that there are several soap and detergent production companies
scattered all around the Philippines, which is why we spent time and resources to
conduct our feasibility studies and market survey. We have mapped out plans to
develop a far reaching distribution network for wholesalers of liquid soap and detergent
products all around Libis, Quezon City and throughout the Philippines.
Beyond producing quality liquid soaps and detergents, our customer care is going to be
second to none. We know that our customers are the reason why we are in business
which is why we will go the extra mile to get them satisfied when they purchase our
products.
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC will ensure
that all our customers (wholesale distributors) are given first class treatment whenever
they visit our factory. We have a CRM software that will enable us manage a one on
one relationship with them also.
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC will be
owned by a group of investors led by Joseph S. Ansano who is the Chief Executive
Officer of the Company is Graduate of Bachelor of Science in Entrepreneurship.
He has a Chemical Handler’s Certificate and over 10 years’ experience working in
related industry as a senior manager prior to starting IOU Dishwashing Liquid Atbp
Soap & Detergent Production Company, LLC. He will be working with a team of
professionals to build the business.
Our Products Offerings
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC is going to
run a standard soap and detergent production company whose products will not only be
sold in Metro Manila but also throughout the Philippines.
We are in the industry to make profits and also to give our customers value for their
money. These are some of the products that we will be offering;
Producing liquid soap and detergents
Plant Manager
Merchandize Manager
Manages vendor relations, market visits, and the ongoing education and
development of the organizations’ buying teams
Responsible for the purchase of chemicals and packaging materials
Responsible for planning sales, monitoring inventory, selecting the merchandise,
and writing and pricing orders to vendors
Responsible for preparing financial reports, budgets, and financial statements for
the organization
Provides managements with financial analyses, development budgets, and
accounting reports
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensuring compliance with taxation legislation
Handles all financial transactions for the organization
Serves as internal auditor for the organization
SWOT Analysis
There are several liquid soap and detergent manufacturing companies in the Philippines
which is why we are following the due process of establishing a business so as to
compete favorable with them. We know that if a proper SWOT analysis is conducted for
our business, we will position our business to maximize our strength, leverage on the
opportunities that will be available to us, mitigate our risks and be equipped to confront
our threats.
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC employed
the services of an expert HR and Business Analyst with bias in startup businesses to
help us conduct a thorough SWOT analysis and to help us create a Business model that
will help us achieve our business goals and objectives.
This is the summary of the SWOT analysis that was conducted for IOU Dishwashing
Liquid Atbp Soap & Detergent Production Company, LLC;
Strength:
Part of what is going to count as positives for IOU Dishwashing Liquid Atbp Soap &
Detergent Production Company is the vast experience of our management team, we
have people on board who are highly experienced on how to grow a business.
So also our closeness to leading cleaning chemical production companies, large
national distribution network and of course our excellent customer service culture will
definitely count as a strong strength for the business.
Weakness:
A major weakness that may count against us is the fact that we are a new liquid soap
and detergent production company and we don’t have the financial capacity to engage
in the kind of publicity that we intend giving the business especially when big names like
Procter & Gamble and S.C. Johnson & Son Inc.et al are already determining the
direction of the market.
Opportunities:
Threat:
One of the major threats that we are likely going to face is economic downturn
and unfavorable government policies. Another threat that may likely confront us is the
arrival of a new production company in same location where ours is located.
MARKET ANALYSIS
Market Trends
If you are conversant with trends in the industry, you will quite agree that despite the
fact that there are competitions in different stages of the industry, most liquid soaps and
detergents production company are leveraging on creativity in terms of packaging and
marketing to continue to stay afloat.
Lastly, our liquid soap and detergent company will adopt eco – friendly approach
towards the production and packaging of its products. As a matter of fact, the adoption
of eco-friendly practices will likely persuade environmentally conscious consumers to
buy its products.
Our Target Market
When it comes to selling liquid soap and detergent, there is indeed a wide range of
available customers. We are in business to engage in wholesale distribution and to
retail our liquid soap and detergent to the following groups of people;
Sources of Income
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC is
established with the aim of maximizing profits in the industry and we are going to ensure
that we do all it takes to sell our liquid soap and detergent to a wide range of customers.
Sales Forecast
When it comes to liquid soap and detergent production company, if your products are
well – packaged and branded and if your production plant is centrally positioned and
easily accessible, you will always attract customers cum sales and that will sure
translate to increase in revenue generation for the business.
We are well positioned to take on the available market in Metro Manila and every city
and province where our liquid soap and detergent will be sold and we are quite
optimistic that we will meet our set target of generating enough profits from the first six
months of operation.
We have been able to examine the soap, washing powder and synthetic detergents
production industry, we have analyzed our chances in the industry and we have been
able to come up with the following sales forecast. Below are the sales projections for
IOU Dishwashing Liquid Atbp Soap & Detergent Production Company, LLC. It is based
on the location of our business and other factors that relate to medium scale startups in
the Philippines;
Before choosing a location to start IOU Dishwashing Liquid Atbp Soap & Detergent
Production Company, LLC and also the kind of liquid soap and detergent products to
produce, we conducted a thorough market survey and feasibility studies in order for us
to penetrate the available market in our target market location.
We have detailed information and data that we were able to utilize to structure our
business to attract the number of customers we want and also for our products to
favorable compete with other leading brands in the Philippines.
We hired experts who have good understanding of the soap, washing powder and
synthetic detergents production industry to help us develop marketing strategies that will
help us win a larger percentage of the available market in Metro Manila and other cities
and provinces in the Philippines.
In summary, IOU Dishwashing Liquid Atbp Soap & Detergent Production Company,
LLC will adopt the following sales and marketing approach to sell our liquid soap and
detergent;
Introduce our liquid soap and detergent brand by sending introductory letters to
residents, merchants, retailers and other stakeholders in Metro Manila and other
cities both in the Philippines
Engage in roadshows in targeted communities from time to time to sell our
products
Advertise our products in community based newspapers, local TV and radio
stations
List our business and products on yellow pages’ ads (local directories)
Leverage on the internet to promote our liquid soap and detergent brand
Engage in direct marketing and sales
Encourage the use of Word of mouth marketing (referrals)
Our Pricing Strategy
We are aware of the pricing trend in the liquid soap and detergent production industry
which is why we have decided to produce various sizes of liquid soap and detergent.
Our prices will conform to what is obtainable in the industry but we will ensure that
within the first 6 to 12 months our products are sold a little bit below the average price.
We have put in place business strategies that will help us run on low profits for a period
of 6 months; it is a way of encouraging people to buy into our brand.
Payment Options
The payment policy adopted by IOU Dishwashing Liquid Atbp Soap & Detergent
Production Company, LLC is all inclusive because we are quite aware that different
customers prefer different payment options as it suits them but at the same time, we will
ensure that we abide by the financial rules and regulation of the Philippines.
Here are the payment options that IOU Dishwashing Liquid Atbp Soap & Detergent
Production Company, LLC will make available to her clients;
In view of the above, we have chosen banking platforms that will enable our clients
make payment without any stress on their part.
The Total Fee for Registering the Business in the Philippines – ₱1,500.
Legal expenses for obtaining licenses and permits as well as the accounting
services (software, P.O.S machines and other software) – ₱5,000.
Marketing promotion expenses for the grand opening of IOU Dishwashing Liquid
Atbp Soap & Detergent Production Company, LLC in the amount
of Php3,500 and as well as flyer printing (2,000 flyers at ₱0.04 per copy) for the
total amount of – Php3,580.
The cost for insurance (general liability, workers’ compensation and property
casualty) coverage at a total premium – Php2,400.
The cost for payment of rent for 12 months at Php1.76 per square feet in the total
amount of Php135,000.
The cost for construction of a standard liquid soap and detergent production plant
– Php100,000.
Other start-up expenses including stationery (Php500) and phone and utility
deposits (Php2,500).
Operational cost for the first 3 months (salaries of employees, payments of bills
et al) – Php100,000
The cost for Start-up inventory – Php80,000
The cost for store equipment (cash register, security, ventilation, signage)
– Php13,750
The cost of purchase of distribution vans – Php60,000
The cost for the purchase of furniture and gadgets (Computers, Printers,
Telephone, Fax Machines, tables and chairs et al) – Php4,000.
The cost of launching a website – Php600
Miscellaneous – Php10,000
We would need an estimate of Php500,000 to successfully set up our liquid soap and
detergent production plant in Fort Smith – Arkansas.
Generating Startup Capital for IOU Dishwashing Liquid Atbp™ Soap & Detergent
Production Company, LLC
IOU Dishwashing Liquid Atbp™ Soap & Detergent Production Company, LLC is a family
business that is owned and financed by Terry Jefferson and other business partners.
They do not intend to welcome any other business partner which is why he has decided
to restrict the sourcing of the startup capital to 3 major sources.
These are the areas we intend generating our startup capital;
Generate part of the startup capital from personal savings and sell of stocks
Source for soft loans from family members and friends
Apply for loan from the bank