ProfitableVenture.com

Helping You Start a Business With Less Risk!

A Sample Screen Printing Service Business Plan Template

Are you about starting a screen printing business? If YES, here is a complete sample screen printing business plan template & feasibility study you can use for FREE.

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

The screen printing business is some kind of business that anyone who wishes to make good money from should look up to. This is because of the level of profit that can be acquired in this trade. If you are looking to start this business, then you have to be sure that you have ample time to learn the trade. One of things that will make you stand out in this venture is the level of know- how that you exhibit.

After the skills have been garnered, then you can begin to look at incorporating your business. One of the things that follow suit after that or even before in the drawing up of a business plan. Writing a business plan may not come easy, but one thing is sure and that is that you may consider hiring an expert who will be in the best position to put all expertise into churning it out.

There are several things that are contained in a business plan, some of which include; the sales forecast, marketing plans, the insurance policies that will be used, and where to source for funds amongst others. For those who are not able to draw it up, one of the things that you may look to do is using an existing business plan to serve as a template and then using it to draw up yours.

A Sample Screen Printing Service Business Plan Template

  • Screen Printing Industry Overview

The printing industry is indeed a very large industry with many subsets.   The screen printing art is one of the active lines of business in the printing industry. Screen printing basically is a printing technique in which a mesh is used to transfer ink onto a substrate, except in areas made watertight to the ink by a blocking stencil.

The process works in such a way that a blade or squeegee is moved across the screen to fill the open mesh apertures with ink, and a reverse stroke then causes the screen to touch the substrate momentarily along a line of contact. This process causes the ink to wet the substrate and be pulled out of the mesh apertures as the screen springs back after the blade has passed through it.

On the other hand, screen printing is also a stencil method of print making, in which a design is imposed on a screen of polyester or other fine mesh, with blank areas coated with a watertight substance. Ink is forced into the mesh openings by the fill blade or squeegee and by wetting the substrate, transferred onto the printing surface during the squeegee stroke.

As the screen rebounds away from the substrate the ink remains on the substrate. It can also be referred to as silk-screen, screen, serigraphy, and serigraph printing. One color is printed at a time, so several screens can be used to produce a multi – colored image, pattern or design.

Players in the Screen Printing industry engage in screen printing without publishing on a job-order basis. Printing services carried out by screen printing companies are stationary, invitations, labels and apparel such as T-shirts, caps, jackets and towels amongst many others.

The Screen Printing industry has been growing steadily over the years; many thanks to the demand from downstream consumers and businesses. The industry has regained the losses it incurred in time past, when cash-strapped consumers were unable to allocate funds to discretionary expenditures like custom T-shirts, caps, jackets, towels et al.

Going forward, growing economy, rising income for both businesses and consumers will support the growth of the industry. We are not ruling out increasing competition from alternative providers will continue to pose a threat to screen printing companies.

Currently, the Screen Printing industry is currently in the mature stage of its business – life cycle. Industry value-added (IVA), a measure of an industry’s contribution to the overall economy, is forecast to increase at an average rate of 2.3 percent annually in the next 10 years. This growth rate is slightly below the 2.5 percent annual US GDP growth expected over the same period.

This level of growth is indicative of an industry that is in its mature phase and that its share of the economy is holding. Despite the fact the Screen Printing industry is classified as a mature industry, players in the industry have been increasing their investments into new technologies and systems so as to increase their income. These investments to a large extent are directed towards increasing the online presence of industry operators as well as investing in redesigning and re – inventing efficient screen printing machines and equipment.

The screen printing services industry is indeed a very large industry and pretty much active in all the parts of the world. There are no company that has a dominate market share in the industry Statistics has it that in the United States of America alone, there are about 5,818 registered and licensed screen printing services companies responsible for employing about 18,410 and the industry rakes in a whooping sum of $2bn annually. The industry is projected to enjoy 3.7 percent annual growth.

Over and above, the screen printing services industry is pretty much open to new entrepreneurs and investors to come in and build a successful business.

Screen Printing Business Plan – Executive Summary

Rainbow Screen Printing™, LLC is a U.S based and world – class screen printing company. We have been able to secure a standard and well – positioned office facility in a busy business district in Virginia Beach – Virginia. We are a world class screen printing company that is set to compete in the highly competitive screen printing industry not only in the United States market, but also in the global market.

Rainbow Screen Printing™, LLC will be involved in the all aspects of screen printing services such as Apparel screen printing, Balloons screen printing, Decals, Medical devices screen printing, Printed electronics, including circuit board printing, Product labels, Signs and displays, Snowboard graphics, Textile fabric, Thick film technology, Stationery screen printing, Label screen printing and other related services.

Our business goal is to become one of the leading interior design companies in the United States and we will make sure that every graphic design jobs that leaves our studio can favorable compete with the best in the industry.

Our workers are going to be selected from a pool of talented and highly creative printers in and around Virginia Beach – Virginia and also from any part of the world as the business grows. We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading screen printing companies in the United States and throughout the globe.

At Rainbow Screen Printing™, LLC our client’s best interest come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by delivering excellent and neat jobs and also meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Rainbow Screen Printing™, LLC is founded by Mr. Gabriel Ted and his wife Mrs. Grace Ted. They have well over 25 years of combined experience working with leading brands in the Printing cum Screen Printing industry. They will be bringing in their expertise and experience to help build Rainbow Screen Printing™, LLC to compete favorably with other leading Screen Printing brands in Virginia Beach – Virginia and throughout the United States of America

  • Our Product and Services

Rainbow Screen Printing™, LLC was established with the aim of maximizing profits in the Screen Printing industry. We want to compete favorably with the leading screen printing companies in the United States of America which is why we have but in place a competent quality assurance team that will ensure that all our screen printing jobs and other related printing services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Rainbow Screen Printing™, LLC is not just accepted in Virginia Beach – Virginia but also nationally throughout the United States of America. Our screen printing services are listed below;

  • Apparel screen printing
  • Balloons screen printing
  • Decals
  • Medical devices screen printing
  • Printed electronics, including circuit board printing
  • Product labels
  • Signs and displays
  • Snowboard graphics
  • Textile fabric
  • Thick film technology
  • Stationery screen printing
  • Label screen printing
  • Merchandise sales
  • Screen printing consulting and advisory services
  • Other related printing services

Our Vision Statement

Our vision is to establish a standard and world class screen printing company whose services and brand will not only be accepted in Virginia Beach – Virginia but also all through the United States of America, but also in other parts of the world.

  • Our Mission Statement

Our mission is to build a world class screen printing company that will be known to execute top notch screen printing projects and to become the number one choice for textile companies, advertising and promotion agencies and other stake holder in the industry. We want to build a screen printing company that can favorably compete with other leading brands in the industry.

  • Our Business Structure

Rainbow Screen Printing™, LLC is a screen printing company that intends to set out in a small manner in Virginia Beach, but hope to grow big in order to compete favorably with leading screen printing companies in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Rainbow Screen Printing™, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

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 five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer
  • Creative Director
  • Human Resources and Admin Manager
  • Sales and Marketing Executive
  • Accountant
  • Interior Designer
  • Client Service Executive

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; providing educational opportunities.
  • Responsible for 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

Creative Director:

  • Serves as project manager of the organization; works directly with employees
  • Responsible for designing and approving concepts for screen printing of materials for client
  • Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
  • Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
  • Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
  • Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
  • Maintains quality service by establishing and enforcing organization standards.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications / journals; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
  • Makes certain that production and development department perform efficiently, coordinate employee efforts, and facilitate communications between management and interior designers
  • Ensures that the organization work in line with international best practices.

Human Resources and Admin Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office and factory activities.

Sales and Marketing Manager

  • Manage 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
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Create new markets cum businesses for the organization
  • Empower and motivates the sales team to meet and surpass agreed targets

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 for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for Pick ‘a’ Brain™ Finishing School
  • Serves as internal auditor for Pick ‘a’ Brain™ Finishing School

Pattern Maker and Screen Printing Operators

  • Liaises with clients to determine their requirement and budget
  • working to a brief, which details what the space will be used for, and finding out the client’s personal ideas and requirements
  • Responsible for creating patterns and operating screen printing machines cum equipment
  • Responsible for negotiating fees and setting schedules for the project
  • Responsible for researching and drawing up rough plans
  • Responsible for developing detailed designs and choosing materials
  • Responsible for supervising the work as it is carried out
  • Responsible for preparing drafts or material based on an agreement brief.
  • Research and advice the organization on style, genre and other trendy info as it relates to screen printing and patterns et al.

Client Service Executive

  • Welcomes clients and visitors 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 HR manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to potential clients when they make enquiries

Screen Printing Business Plan – SWOT Analysis

Rainbow Screen Printing™, LLC hire the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured screen printing business that can favorably compete in the highly competitive screen printing industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Rainbow Screen Printing™, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Rainbow Screen Printing™, LLC;

  • Strength:

Our core strength lies in the power of our team; our workforce. We have a team of creative and highly proficient screen printers, a team with excellent qualifications and experience in various niche areas in the printing industry. Aside from the synergy that exists in our carefully selected pattern markers and screen printers, we have some of the latest and efficient screen printing machines and equipment and of course our designs and services will be guided by best practices in the industry.

  • Weakness:

As a new screen printing company in Virginia Beach – Virginia, it might take some time for our organization to break into the market and gain acceptance especially from the government and other top profile clients in the already saturated and highly competitive screen printing industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to promote our business the way we would want to.

  • Opportunities:

No doubt, the opportunities in the screen printing industry is massive considering the number of individuals and corporate organizations printing on souvenirs and promotional materials and would need the services of screen printing companies to print on their materials. As a screen printing company, we are ready to take advantage of any opportunity that is available in the industry.

  • Threat:

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new screen printing company in same location where our target market exist and who may want to adopt same business model like us.

Screen Printing Business Plan – MARKET ANALYSIS

  • Market Trends

One of the trends in the screen printing industry is that to print multiple copies of the screen design on garments in an efficient manner, amateur and professional printers usually use a screen printing press. Many players in the industry offer simple to sophisticated printing presses with excellent printing jobs. Majority of these screen printing presses are manually operated. A few of them that are industrial – grade-automatic printers require minimal manual labor and increase production significantly.

As a screen printing company, you are expected to keep tab with new trends and products that are always coming up in the industry.

It is important to state that in recent time, for any screen printing company to continue to stay in business and grow, they must continue to come up with highly creative design and concepts and also engage in other printing related services.

  • Our Target Market

Before starting our screen printing company, we are certain that there is a wide range of both corporate and individual clients who cannot successfully carry out promotions and branding of their products and services without hiring the services of screen printing press. We will ensure that we develop strategic pacts with corporate organizations, advertising and branding agencies, and religious organizations et al. This will give us several options to generate revenue for our company.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and individual who we know can’t afford to do without our services. We have conducted our market research and survey and we will ensure that our entire screen printing services is well accepted in the market place.

Below is a list of the people and organizations that we have specifically market our products and services to;

  • Banks, Insurance Companies and other related Financial Institutions
  • Blue Chips Companies
  • Corporate Organizations
  • Manufacturers and Distributors
  • Real Estate Owners, Developers, and Contractors
  • Research and Development Companies
  • The Government (Public Sector)
  • Schools (High Schools, Colleges and Universities)
  • Hotels
  • Celebrities, Politicians, Public Figures and Public Speakers
  • Sport Organizations
  • Religious Organizations
  • Political Parties
  • Television Stations
  • Printing Press (Publishing Houses) and Authors
  • Branding and Advertising agencies
  • Aspiring celebrities
  • Entrepreneurs and Start – Ups

Our Competitive Advantage

No doubt the competition in the screen printing industry is getting stiffer by the day, you have to be highly creative and come up with appealing designs and concepts and very neat jobs in order to survive in the industry. The screen printing industry is indeed a profitable and at the same time a highly competitive industry; it enjoys strong demand as organizations and individuals continue to print materials for promotional purposes. Clients will only hire your services if they know that they can get nothing but the best from you.

We are quite aware that to be highly competitive in the screen printing industry means that you are not only expected to be able to deliver consistent and highly creative designs, but you must be able to meet set targets. No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects.

Our competitive advantage lies in the power of our team; our workforce. We have a team of creative and highly proficient pattern makers and screen printers, a team with excellent qualifications and experience in various niche areas in the printing industry. Aside from the synergy that exists in our carefully selected pattern markers and screen printers, we have some of the latest and efficient screen printing machines and equipment and of course our designs and services will be guided by best practices in the industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups screen printing companies in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

Screen Printing Business Plan – SALES AND MARKETING STRATEGY

We are not ignorant of the fact that there is stiffer competition in the screen printing industry; there are loads of screen printing companies jostling for contracts which is why we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the screen printing industry and they will be trained on a regular basis so as to be well equipped to meet their set targets and the overall business goal of Rainbow Screen Printing™, LLC.

Our goal is to grow Rainbow Screen Printing™, LLC to become one of the leading screen printing companies in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in Virginia Beach – Virginia but also in other cities in the United States of America.

Rainbow Screen Printing™, LLC is set to make use of the following marketing and sales strategies to attract clients and win screen printing contracts;

  • Introduce our screen printing company by sending introductory letters alongside our brochure to corporate organizations, advertising and branding agencies, religious organizations and key stake holders.
  • Promptness in bidding for screen printing contracts from the government and other cooperate organizations
  • Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver excellent screen printing services
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

Sources of Income

Rainbow Screen Printing™, LLC is established with the aim of maximizing profits in the screen printing cum printing industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients.

Rainbow Screen Printing™, LLC will generate income by offering the following screen printing services and other printing related services;

  • Apparel screen printing
  • Balloons screen printing
  • Decals
  • Medical devices screen printing
  • Printed electronics, including circuit board printing
  • Product labels
  • Signs and displays
  • Snowboard graphics
  • Textile fabric
  • Thick film technology
  • Stationery screen printing
  • Label screen printing
  • Merchandise sales
  • Screen printing consulting and advisory services
  • Other related printing services

Sales Forecast

One thing is certain, there would always be corporate organizations and individuals who would need the services of screen printing companies whenever they have to conduct promotions and branding and also to print on souvenirs et al.

We are well positioned to take on the available market in interior screen printing industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our screen printing company to enviable heights.

We have been able to critically examine the screen printing market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Virginia Beach – Virginia.

Below is the sales projection for Rainbow Screen Printing™, LLC, it is based on the location of our business and of course the wide range of our services and target market;

  • First Year-: $150,000
  • Second Year-: $400,000
  • Third Year-: $750,000

N.B: This projection is 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 offering same screen printing services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Structure

If you are conversant with the screen printing industry, you will realize that the pricing structure ranges from fixed price rate to per square foot billing and even to the quantity of materials to be printed on. Almost all screen printing companies adopts all the available pricing system as it applies to the quantity of the job or project they are expected to execute.

At Rainbow Screen Printing™, LLC we will adopt all the pricing system as is obtainable in the industry but we will ensure that we keep the prices of our services a little below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services to help them print on their promotional materials. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one-off jobs or government contracts which are always lucrative; we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

  • Payment Options

It is our duty to make sure that we have the best payment options in place for our clients at all times.   This is one of the reasons why we have gone ahead to research and come up with the best. At Rainbow Screen Printing™, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them.

Here are the payment options that we will make available to our clients;

  • Payment by via bank transfer
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft
  • Payment via mobile money
  • Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

Screen Printing Business Plan – Publicity and Advertising Strategy

We are really aware of the fact that no business does successfully well without getting ample words out to the people they target. It is for this reason that we have been able to work with brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both corporate clients and individual clients in the whole of the Virginia Beach and beyond which is why we have made provisions for effective publicity and advertisement of our screen printing company.

Below are the platforms we intend to leverage on to promote and advertise Rainbow Screen Printing™, LLC;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
  • Install our Bill Boards on strategic locations all around Virginia Beach – Virginia
  • Engage in road show from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations and residence in our target areas by calling them up and informing them of Rainbow Screen Printing™, LLC and the services we offer
  • List our screen printing company in local directories / yellow pages
  • Advertise our screen printing company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al.

Screen Printing Business Plan – Financial Projections and Costing

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

When it comes to setting up a screen printing business, the materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a screen printing company; it might differ in other countries due to the value of their money. However, this is what it would cost us to setup Rainbow Screen Printing™, LLC in Virginia Beach – Virginia, U.S;

  • Business incorporating fees in the United States of America will cost – $750.
  • The budget for Liability insurance, permits and license will cost – $3,500
  • Acquiring an office space or warehouse that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $150,000.
  • Equipping the office (computers, screen printing machines and equipment, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
  • Amount required to purchase the needed software applications – $ 3,500
  • Launching an official Website will cost – $500
  • Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
  • Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred thousand (350,000) U.S. dollars to successfully set – up a medium scale but standard screen printing company in the United States of America.

Generating Funding / Startup Capital for Rainbow Screen Printing™, LLC

Rainbow Screen Printing™, LLC is a family business that will be owned by Mr. Gabriel Ted and his wife Mrs. Grace Ted. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $85,000 and soft loan from family members $15,000) and we are at the final stages of obtaining a loan facility of $250,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

SCREEN PRINTING BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Rainbow Screen Printing™, LLC 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 offer our screen printing services 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.

Rainbow Screen Printing™, LLC 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 re – training of our workforce is at the top burner of our business strategy.

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 three years or more as determined by the board of the organization. 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 Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Securing a standard office facility plus renovation of the facility: Completed
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the business: Completed
  • Secure trademark for our products: In Progress
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
  • Creating Official Website for the business: In Progress
  • Creating Awareness for the business: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in the real estate industries: In Progress
ProfitableVenture.com © 2015 - 2016 | All Rights Reserved | See About us | Privacy Policy and Disclaimer.