Wednesday, October 31, 2018

A Sample Chemical Trading Business Plan work

online Business and much more ,Are you about starting a chemical trading company? If YES, here is a complete sample chemical trading business plan template & feasibility report you can use for FREE.

Okay, so we have considered all the requirements for starting a chemical trading company. We also took it further by analyzing and drafting a sample chemical trading marketing plan template backed up by actionable guerrilla marketing ideas for chemical trading companies. So let’s proceed to the business planning section.

Why Start a Chemical Trading Business?
Interested in making money as an aspiring entrepreneur? Then, you should consider starting a chemical trading business. Those who are involved in chemical trading purchase and resell chemicals and allied products.



It is important to state that the chemical industry is a very delicate industry hence proper training is required if you want to do business in the industry. As a matter of fact, you would need chemical handling permits and other relevant permits before you can be legally allowed to go into the trading of chemicals.

If you are sure that this type of business is what you truly want to do after you must have conducted your market research and feasibility studies, then the next step is to write a good business plan; a detailed blue print of how you intend raising your capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services amongst others.

Below is a sample chemical trading business plan template that will help you to successfully write your own.

A Sample Chemical Trading Business Plan Template
Industry Overview
Chemical trading business is part of the chemical wholesaling industry and players in this industry wholesale chemicals and related products, including compressed gas, chemical additives and synthetic rubber, to the manufacturing, construction and mining industries. This industry does not wholesale agricultural or medicinal chemicals, paints or varnishes, fireworks or plastics materials.



If you are conversant with happenings in the Chemical Wholesaling industry, you will agree that the Chemical Wholesaling industry plays an important role in the chemical supply chain. The construction and manufacturing sectors are the key customers of chemical wholesalers and, as a result, their production levels largely determine industry demand.

As overall conditions have improved in the US economy, downstream demand has grown, boosting industry production over the five years to 2017. Looking ahead, the industry is projected to experience strong demand from the manufacturing and construction sectors, which, in conjunction with recovering oil prices, will drive up revenue.

The Chemical Wholesaling industry is indeed a large industry and pretty much active in most countries of the world most especially in the United States of America, Taiwan, Japan, China, Germany and India et al.

Statistics has it that in the United States of America alone, there are about 8,734 registered and licensed chemical trading cum wholesaling companies scattered all across the United States responsible for employing about 127,480 people and the industry rakes in a whooping sum of $177 billion annually. The industry is projected to enjoy -0.7 percent annual growth within 2012 and 2017. It is important to state that no company has the lion share of the available market in this industry.

Research carried out by IBISWorld indicates that the industry is in the mature phase of its life cycle. While newer technologies enable a more efficient distribution process, there are few new developments that could push the industry back into the growth phase.

Additionally, the report shows that the industry’s key buying markets remain in the manufacturing sector (e.g. chemical and construction material manufacturers). In the 10 years to 2022, industry value added (IVA), or the industry’s contribution to the overall economy, is expected to increase at an annualized rate of 2.1 percent. GDP is expected to increase at an annualized 2.0 percent over the same period, indicating that the industry is growing at roughly the same rate as the economy as a whole.

Over and above, the chemical wholesaling industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can choose to start on a small scale or you can choose to start on a large scale servicing a wide range of clientele not only in the United States’ market space, but exporting to other countries of the world.


Chemical Trading Business Plan – Executive Summary
Parsley Rowlands® Chemicals Trading Co, Inc. is a registered chemical trading company that will be located in Dover – Delaware; in an ideal location, highly suitable for the kind of business we want to establish. 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 that are favorable to us. The facility has government approval for the kind of chemical trading business we want to run and the facility is easily accessible.

Parsley Rowlands® Chemicals Trading Co, Inc. will be involved in trading cum wholesaling chemicals such as alkalies and chlorine, industrial gases, detergents and soaps, biofuels, adhesives, automotive chemicals and other organic and inorganic chemicals. We are set to service a wide range of clientele in and around Dover – Delaware and throughout the United States of America.

We are aware that there are several chemical trading companies all around the United States of America, which is why we spent time and resources to conduct thorough feasibility studies and market survey so as to be positioned to favorably compete with all our competitors.

Parsley Rowlands® Chemicals Trading Co, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products.

Parsley Rowlands® Chemicals Trading Co, Inc. will ensure that all our customers are given first class treatment whenever they visit our warehouse. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large they may grow to. We will ensure that we get our customers involved when making some business decisions that will directly or indirectly affect them.

Parsley Rowlands® Chemicals Trading Co, Inc. is a family business that is owned by Parsley Rowlands and his immediate family members. Parsley Rowlands has a Degree in Business Administration, with over 10 years’ experience in the chemical wholesaling industry.

Our Product Offering
Parsley Rowlands® Chemicals Trading Co, Inc. is in the chemical wholesaling industry to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to give our clients and potential clients options.

We will do all that is permitted by the law of the United States to achieve our business goal. Our product offerings are listed below;

Wholesaling acids
Wholesaling chemical additives (e.g. concrete, food, fuel and oil)
Wholesaling compressed gases (except liquefied petroleum gas)
Wholesaling explosives (except ammunition and fireworks)
Wholesaling industrial chemicals
Wholesaling laundry soap, chips and powder
Wholesaling oil additives
Wholesaling resins and synthetic rubber
Wholesaling sulfuric acid
Wholesaling synthetic rubber
Our Vision Statement

Our vision is to become one of the leading brands in the chemical wholesaling industry not just in Dover – Delaware but in the whole of the United States of America.

Our Mission Statement
Our mission is to establish a one stop chemical trading company that will become a major distributor for topflight chemical products manufacturing companies in the United States of America.

Our Business Structure
Parsley Rowlands® Chemicals Trading Co, Inc. do not intend to start a chemical trading business like the usual mom and pop business; our intention of starting a chemical trading company is to build a standard business whose business influence will transcend Dover – Delaware to other States in the US and of course other countries of the world.

We will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business. We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Executive Officer (Owner)
Shop Manager
Human Resources and Admin Manager
Sales and Marketing Manager
Merchandize Manager
Accountants/Cashiers
Customer Service Executive
Distributors/Truck Drivers
Roles and Responsibilities

Chief Executive Officer – CEO:

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions.
Responsible for fixing prices and signing business deals
In control of providing direction for the business
Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization
Admin and HR Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Defines job positions for recruitment and managing interviewing process
Carries out induction for new team members
Responsible for training, evaluation and assessment of employees
In charge of arranging travel, meetings and appointments
Oversees the smooth running of the daily office activities.
Store/Warehouse Manager:

Responsible for overseeing the smooth running of the chemical trading store/warehouse
Responsible for managing the daily activities in the store
Ensures that proper records of goods are kept and warehouse does not run out of products
Ensures that the store facility is in tip top shape and goods are properly arranged and easy to locate
Ensures that the warehouse meets the expected safety and health standard at all times.
Controls chemicals distribution and supply inventory
Supervises the workforce in the warehouse / store
Sales and Marketing Manager

Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Models demographic information and analyze the volumes of transactional data generated by customer purchases
Identify, prioritize, and reach out to new partners, and business opportunities et al
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develops, executes and evaluates new plans for expanding sales
Documents all customer contact and information
Represents the company in strategic meetings
Helps to increase sales and growth for the company
Merchandize Manager

Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
Helps to ensure consistent quality of chemicals in our warehouse / store
Responsible for the purchase of goods and products for the organizations
Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
Accountant/Cashier:

Responsible for preparing financial reports, budgets, and financial statements for the organization
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.
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
Distribution Truck Drivers

Assists in loading and unloading chemicals meant for distribution
Maintains a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
Keeps a record of vehicle inspections and make sure the truck is equipped with safety equipment
Assists the transport and logistics manager in planning their route according to a delivery schedule.
Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
Complies with truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
Collects and verifies delivery instructions
Reports defects, accidents or violations
Client Service Executive

Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
Manages administrative duties assigned by the manager in an effective and timely manner
Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
Receives parcels/documents for the company
Distributes mails in the organization
Chemical Trading Business Plan – SWOT Analysis
Parsley Rowlands® Chemicals Trading Co, Inc. is in business to become one of the leading chemical trading companies in the whole of Dover – Delaware and we are fully aware that it will take the right business concept, management and organizational structure to achieve our goal.

We are quite aware that there are several chemical wholesaling cum trading companies all over the United States of America and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

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.

Parsley Rowlands® Chemicals Trading Co, Inc. employed the services of an expert HR and Business Analyst with bias in wholesaling business 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 Parsley Rowlands® Chemicals Trading Co, Inc.;

Strength:
Part of what is going to count as positives for Parsley Rowlands® Chemicals Trading Co, Inc. is the vast experience of our management team; we have people on board who understand how to grow business from the scratch to becoming a national phenomenon. So also, our large 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 chemical trading 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 are already determining the direction of the market both in the United States and in the global market.

Opportunities:
The opportunities for chemical trading companies are enormous. This is because chemical products are used in our daily life. As a result of that, we were able to conduct a thorough market survey and feasibility studies so as to position our business to take advantage of the existing market and also to create our own new market. We know that it is going to require hard work, and we are determined to achieve it.

Threat:
We are quite aware that 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 chemical trading company in same location where ours is located.

Chemical Trading Business Plan – MARKET ANALYSIS
Market Trends
If you are conversant with the trends in the Chemical Wholesaling industry, you will agree that the industry has benefited from improved industrial activity over the last half a decade. Revenue from generic chemicals and related products has been falling due to product standardization, with increasing competition from low-cost, low-priced imports produced in China and elsewhere.

Economic recovery and increasing manufacturing activity have helped boost chemical sales. Operators have altered their current business procedures to correspond with new laws and profit margins. On the other hand, the chemicals and similar products segment has been growing steadily and its sales are becoming more significant to the overall performance of the industry.

Precision-turned products are high in demand in the pharmaceutical production industry, as well as agriculture, medical manufacturing and other applications. In the coming years, the industry is expected to benefit from persistent demand for chemicals by downstream markets and from rising world chemical prices.

The chemical wholesaling landscape has seen tremendous changes in the last 20 years; it has grown from the smaller enterprise to a more organized and far reaching chemical trading company. This trend has benefited them in such a way that they can comfortably sell their chemicals and related products nationally and also export them to other countries of the world.

Our Target Market
It will be safe to submit that the chemical wholesaling industry has the widest range of customers as chemicals and related products are used in various industries.

In view of that, we have positioned our chemical trading company to service a wide range of clientele in and all around Dover – Delaware and every other location where we intend distributing our products. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.

We are in business to trade a wide range of chemicals and related products for the following clients;

Chemical retailers
Paint manufacturing companies
Pesticide manufacturing companies
Pharmaceutical manufacturing companies
Celluloid and film production companies
Inorganic fertilizer manufacturing companies
Cosmetics and beauty care manufacturing companies
Our Competitive Advantage

A close study of the chemical wholesaling industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the competition and we are prepared to compete favorably with other leading chemical trading companies in Dover – Delaware and throughout the United States of America.

Parsley Rowlands® Chemicals Trading Co, Inc. is launching a standard chemical trading company that will become the preferred choice of businesses in Dover – Delaware. Our chemical trading company is located in an ideal property highly suitable for the kind of manufacturing company that we want to run.

Part of our competitive advantages are guaranteed supply of key inputs, we have robust links with suppliers and we have a loyal customer base cum far reaching national distribution network.

One thing is certain; we will ensure that we trade in a wide range of chemicals to meet international standards. One of our business goal is to make Parsley Rowlands® Chemicals Trading Co, Inc. a one stop chemical trading company for both cottage companies and chemical retailing stores. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

Chemical Trading Business Plan – SALES AND MARKETING STRATEGY
Sources of Income
Parsley Rowlands® Chemicals Trading Co, Inc. is in business to trade a wide range of chemicals to clients in the United States of America. We are in the chemical wholesaling industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives.

Parsley Rowlands® Chemicals Trading Co, Inc. will generate income by engaging in;

Wholesaling acids
Wholesaling chemical additives (e.g. concrete, food, fuel and oil)
Wholesaling compressed gases (except liquefied petroleum gas)
Wholesaling explosives (except ammunition and fireworks)
Wholesaling industrial chemicals
Wholesaling laundry soap, chips and powder
Wholesaling oil additives
Wholesaling resins and synthetic rubber
Wholesaling sulfuric acid
Wholesaling synthetic rubber
Sales Forecast

When it comes to the chemical trading business, if your warehouse is well located and you have good business network, you will always attract customers cum sales that will sure translate to increase in revenue generation.

We are well positioned to take on the available market in the United States of America and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base beyond Dover – Delaware to other states in the United States of America.

We have been able to critically examine the chemical wholesaling industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in the United States of America.

First Fiscal Year: $250,000
Second Fiscal Year: $650,000
Third Fiscal Year:  $900,000
N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor wholesaling same products as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy
Prior to choosing a location to establish Parsley Rowlands® Chemicals Trading Co, Inc. we conducted thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice for stakeholders in and around Dover – Delaware. We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.

We hired experts who have good understanding of the chemical wholesaling 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 Dover – Delaware and throughout the United States of America.

In summary, Parsley Rowlands® Chemicals Trading Co, Inc. will adopt the following sales and marketing approach to win customers over;

Introduce our chemical trading company by sending introductory letters alongside our brochure to key stake holders in and around Dover – Delaware and parts of the United States
Ensure that we distribute a wide range of chemicals and related products
Make use of attractive hand bills to create awareness and also to give direction to our warehouse
Position our signage / flexi banners at strategic places around Dover – Delaware
Position our greeters to welcome and direct potential customers
Create a loyalty plan that will enable us reward our regular customers
List our business and products on yellow pages ads (local directories)
Leverage on the internet to promote our business
Engage in direct marketing and sales
Encourage the use of word of mouth marketing (referrals)
Join local chambers of commerce and industries with the aim of networking and marketing our products
Chemical Trading Business Plan – Publicity and Advertising Strategy
Regardless of the fact that our chemical trading company is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our company.

Parsley Rowlands® Chemicals Trading Co, Inc. has a long – term plan of opening warehouse outlets in various locations around Delaware and key cities in the United States which is why we will deliberately build our brand to be well accepted in Delaware before venturing out.

Here are the platforms we intend leveraging on to promote and advertise Parsley Rowlands® Chemicals Trading Co, Inc.;

Place adverts on community based newspapers, radio and TV stations.
Encourage the use of word of mouth publicity from our loyal customers
Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
Ensure that our we position our banners and billboards in strategic positions all around Dover – Delaware
Distribute our fliers and handbills in target areas in and around our neighborhood
Advertise our chemical trading company in our official website and employ strategies that will help us pull traffic to the site
Brand all our official cars and trucks and ensure that all our staff members and management staff wear our branded shirt or cap at regular intervals.
Our Pricing Strategy

The fact that chemical manufacturing companies are in the position to determine the amount they intend selling their products means that we will abide by their pricing template.

Since we are just a chemical trading company, we will ensure that we get the best deal when it comes to distributing and wholesaling of chemical products. Aside from getting the best deal, we will work on our overhead so that it will not increase our cost of doing business. With that, we will be able to distribute our chemical products at prices below the average prices amongst chemical trading companies.

Payment Options
The payment policy adopted by Parsley Rowlands® Chemicals Trading Co, Inc. 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 United States of America.

Here are the payment options that Parsley Rowlands® Chemicals Trading Co, Inc. will make available to her clients;

Payment via bank transfer
Payment with cash
Payment via credit cards / Point of Sale Machines (POS Machines)
Payment via online bank transfer
Payment via check
Payment via mobile money transfer
Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our clients make payment for the purchase of our products without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

Startup Expenditure (Budget)
From our market survey and feasibility studies, we have been able to come up with a detailed budget on achieving our aim of establishing a standard and highly competitive chemical trading company in Dover – Delaware and here are the key areas where we will spend our start – up capital;

The total fee for registering the business in the United States of America – $750.
Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
Marketing promotion expenses for the grand opening of Parsley Rowlands® Chemicals Trading Co, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
The total cost for hiring Business Consultant – $2,500.
The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400.
The total cost for long – term leasing of a standard warehouse and showroom – $120,000
The total cost for remodeling the warehouse – $20,000.
Other start-up expenses including stationery ($500) and phone and utility deposits – ($2,500).
Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
The total cost for start-up inventory (acids, chemical additives (e.g. concrete, food, fuel and oil), compressed gases (except liquefied petroleum gas), explosives (except ammunition and fireworks), industrial chemicals, laundry soap, chips and powder, oil additives and resins and synthetic rubber amongst others) – $80,000
The total cost for store equipment (cash register, security, ventilation, signage) – $13,750
The total cost for the purchase and installation of CCTVs: $10,000
The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000
Total cost of purchasing distribution trucks – $20,000
The total cost of launching a Website: $600
The total cost for our opening party: $7,000
Miscellaneous: $10,000
We would need an estimate of three hundred thousand dollars ($300,000) to successfully set up our chemical trading company in Dover – Delaware. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Startup Capital for Parsley Rowlands® Chemicals Trading Co, Inc.

Parsley Rowlands® Chemicals Trading Co, Inc. is a family business that is owned and financed by Parsley Rowlands and his immediate family members. They do not intend to welcome any external 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;

From personal savings and sell of stocks
From family members and friends
Apply for loan from the bank
N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

Chemical Trading Business Plan – Sustainability and Expansion Strategy
The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.

One of our major goals of starting Parsley Rowlands® Chemicals Trading Co, Inc. 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.

We know that one of the ways of gaining approval and winning customers over is to distribute a wide range of chemicals a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Parsley Rowlands® Chemicals Trading Co, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

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. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

Business Name Availability Check: Completed
Business Registration: Completed
Opening of Corporate Bank Accounts: Completed
Securing Point of Sales (POS) Machines: Completed
Opening Mobile Money Accounts: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of Insurance for the Business: Completed
Leasing and remodeling the facility (warehouse): In Progress
Conducting Feasibility Studies: Completed
Generating capital from family members: Completed
Applications for Loan from the bank: In Progress
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents and other relevant Legal Documents: In Progress
Design of Company’s Logo: Completed
Printing of Promotional Materials: In Progress
Recruitment of employees: In Progress
Purchase of the needed distribution trucks, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business both online and around the community: In Progress
Health and Safety and Fire Safety Arrangement (License): Secured
Compilation of our list of products that will be available in our warehouse: Completed
Establishing business relationship with manufacturers of chemicals and related products: In Progress

0 comments:

Post a Comment

Pleas Comments And place ADD

Pleas  Comments  And place ADD
Powered by Investing.com

News

Real Time Economic Calendar provided by Investing.com.

Risk Warning

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.