Are you about starting a chemical manufacturing business? If YES, here’s a complete sample chemical manufacturing business plan template & feasibility report you can use for FREE to get started. Okay, so we have considered all the requirements for starting a chemical manufacturing business. We have analyzed and drafted a sample chemical manufacturing marketing plan backed up by actionable guerrilla marketing ideas for chemical manufacturing businesses. So let’s proceed to the business planning section.

Starting a business might not come cheap, but one thing is certain, if you are able to successfully launch a viable business, you will definitely be glad that you did. This is so because starting a business of your own is one sure way of becoming financially stable.

Why Start a Chemical Manufacturing Plant?

One the businesses you can start is a chemical manufacturing company. Chemicals both organic and inorganic are major raw materials in many manufacturing companies; there are loads of products and manufacturing plants that depend on different types of chemicals. The petrochemical, the pharmaceutical and the food processing industries can safely be classified under the chemical industry.

It is important to state that the chemical industry is a very delicate industry hence proper training is required if you want to start a chemical manufacturing business. As a matter of fact, you would need chemical handling permits before you can be legally allowed to go into the production 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 manufacturing company business plan template that will help you successfully launch your own business.

A Sample Chemical Manufacturing Company Business Plan Template

1. Industry Overview

Players in the chemical product manufacturing industry manufacture various types of chemical products. Key activities include custom-compounding of plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom-compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.

If you are conversant with happenings in the Chemical Product manufacturing industry, you will agree that revenue generated in the industry is expected to fall slightly. Chemical manufacturers rely heavily on downstream demand, especially from automotive and appliance industries.

Manufacturing activity in several key end-markets is expected to slow over 2017, as it has over the past two years. Meanwhile, demand for photographic chemicals and materials, which are key industry products, have been waning for over a decade. Over the five years to 2022, industry revenue is expected to continue its decline, as increasing manufacturing levels are met with weakened demand from photographic chemicals and automotive markets.

The Chemical Product Manufacturing industry is indeed a large industry and pretty much active in most countries of the world. Statistics has it that in the united states of America alone, there are about 1,547 registered and licensed chemical product manufacturing companies responsible for employing about 60,064 people and the industry rakes in a whooping sum of $42 billion annually.

The industry is projected to enjoy -0.4 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 clearly stated that there are three main product segments within the Chemical Product Manufacturing industry: custom-compounding of purchased resins (28.4 percent of industry revenue); sensitized photographic film, paper, plates and chemicals (15.9 percent); and all other miscellaneous chemical products and preparations (55.7 percent).

The custom-compounding of purchased plastic resins involves buying plastic from plastic manufacturers and then altering the resins to form new compounds. Industry manufacturers manipulate these resins to increase flexibility, stress resistance and flame resistance to meet customer needs.

Over and above, the chemical product manufacturing 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.

2. Executive Summary

Martin Kings® Chemicals, Inc. is a registered chemical manufacturing company that will be located in Harrisburg – Pennsylvania; in an ideal location highly suitable for the kind of manufacturing business we want to establish. We have been able to lease a facility that is big enough (a 30 thousand square foot facility) to fit into the design of the kind of chemical manufacturing company that we intend launching.

Martin Kings® Chemicals, Inc. will be involved in custom-compounding of resins, photographic films, papers and plates, evaporated salt, gelatin, water-treating compounds, automotive chemicals and other organic and non – organic chemicals. We are set to service a wide range of clientele in and around Harrisburg – Pennsylvania and throughout the United States of America.

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

Martin Kings® Chemicals, 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.

Martin Kings® Chemicals, Inc. will ensure that all our customers 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 our customers (wholesale distributors) no matter how large they are. We will ensure that we get our customers involved when making some business decisions that will directly or indirectly affect them.

Martin Kings® Chemicals, Inc. is a family business that is owned by Martin Kings and his immediate family members. Martin Kings has a Degree: B.S. in Chemical Engineering from Auburn University; MBA from Duke University, with over 15 years’ experience in the chemical product manufacturing industry.

3. Our Products and Services

Martin Kings® Chemicals, Inc. is in the chemical product manufacturing 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 options. Our product offerings are listed below;

  • Custom-compounding of resins
  • Photographic films, papers and plates
  • Evaporated salt
  • Gelatin
  • Water-treating compounds
  • Automotive chemicals
  • Reformulating plastic resins from recycled plastic products
  • Manufacturing toners and toner cartridges
  • Manufacturing photographic chemicals
  • Other organic and inorganic chemicals

4. Our Mission and Vision Statement

  • Our vision is to become one of the leading brands in the chemical product manufacturing industry not just in Harrisburg – Pennsylvania but in the whole of the United States of America.
  • Our mission is to establish a world – class chemical manufacturing company whose products will not only be retailed in the United States of America, but also be exported to other countries of the world.

Our Business Structure

Martin Kings® Chemicals, Inc. do not intend to start a chemical manufacturing business like the usual cottage business; our intention of starting a chemical manufacturing company is to build a standard business whose products will be exported to 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)
  • Plant Manager
  • Quality Control Officer
  • Human Resources and Amin Manager
  • Sales and Marketing Manager
  • Machine Operator
  • Accountants/Cashiers
  • Customer Services Executive / Front Desk Officer

5. Job 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.
  • Creates, interconnects, 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 fixing prices and signing business deals
  • Responsible for providing direction for the business
  • 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
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office activities.

Plant Manager:

  • Responsible for overseeing the smooth running of the chemical manufacturing plant
  • Part of the team that determines the quantity of resins, photographic films, papers and plates, evaporated salt, gelatin, water-treating compounds, automotive chemicals and other organic and non – organic chemicals et al that are to be produced
  • Maps out strategy that will lead to efficiency amongst workers in the plant
  • Ensures that the steady flow of raw materials (chemicals) to the plants and easy flow of finished products through wholesale distributors to the market
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Ensures that the factory meets the expected safety and health standard at all times.
  • Interfaces with third – party suppliers (vendors) of raw materials (chemicals and packaging materials)
  • Supervises the workforce in the factory.

Quality Control Officer

  • Ensures that all the chemical that we manufacture in our production line meets the required quality before they are released in the market
  • Makes certain that production and manufacturing lines perform efficiently and facilitate communications between management and production departments.
  • Ensures that manufacturing production lines run smoothly and generate a consistently suitable output for their employers
  • Ensures that the organization work in line with international best practices
  • Handles any other responsibility as assigned by the plant manager

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
  • Identifies, prioritizes, and reaches 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

Machine Operators

  • Responsible for operating machines used in the manufacturing and packaging of resins, photographic films, papers and plates, evaporated salt, gelatin, water-treating compounds, automotive chemicals and other organic and non – organic chemicals
  • Assists in loading and unloading of chemicals and raw materials
  • Handles any other duty as assigned by the plant manager or supervisor.

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
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Client Service Executive/Front Desk Officer

  • 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
  • Handles any other duties as assigned by the line manager

6. SWOT Analysis

Martin Kings® Chemicals, Inc. is in business to become one of the leading chemical manufacturing companies in the whole of Harrisburg – Pennsylvania 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 manufacturing 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 equipped to confront our threats.

Martin Kings® Chemicals, Inc. employed the services of an expert HR and Business Analyst with bias in manufacturing 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 Martin Kings® Chemicals, Inc.;

  • Strength:

Our core strength lies in the quality of our products, the power of our team and the state of the art chemical manufacturing plant that we own. We have a team of experienced staff members that can go all the way to produce durable products. We are well positioned in the heart of Harrisburg – Pennsylvania and we know we will attract loads of clients from the first day we open our chemical manufacturing company for business.

  • Weakness:

A major weakness that may count against us is the fact that we are a new chemical manufacturing company and we don’t have the financial capacity to compete with multi – million dollars’ chemical manufacturing companies in the United States and most especially from China when it comes to manufacturing chemicals and related products at rock bottom prices. So also, we may not have enough cash reserve to promote our chemical manufacturing company the way we would want to do.

  • Opportunities:

The fact that we are going to be operating our chemical manufacturing company in Harrisburg – Pennsylvania provides us with unlimited opportunities to sell our products to a large number of companies. We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our chemical manufacturing plant; we are well positioned to take on the opportunities that will come our way.

  • Threat:

Just like any other business, one of the major threats that we are likely going to face is economic downturn. Another threat that may likely confront us is the arrival of a new chemical manufacturing company in same location where ours is located. So also, unfavorable government policies may also pose a threat for businesses such as ours.

7. MARKET ANALYSIS

  • Market Trends

If you are conversant with the trends in the Chemical Products Manufacturing industry, you will agree that the industry has benefited from improved industrial production 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 are projected to remain tight due to volatile raw material costs.

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

8. Our Target Market

Perhaps it will be safe to submit that the chemical product manufacturing industry has the widest range of customers.

In view of that, we have positioned our chemical manufacturing company to service a wide range of clientele in and all around Harrisburg – Pennsylvania 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 manufacture a wide range of chemicals and related products for the following clients;

  • 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 product manufacturing 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 manufacturing companies in Harrisburg – Pennsylvania and throughout the United States.

Our chemical manufacturing company is located in an ideal property highly suitable for the kind of manufacturing company that we want to run. We have enough parking space that can accommodate well over 30 cars / trucks per time.

Part of our competitive advantages are our ability to expand and curtail operations rapidly in line with market demand, concentration on core business and of course our optimum capacity utilization.

One thing is certain; we will ensure that we manufacture a wide range of chemicals to meet international standards. One of our business goals is to make Martin Kings® Chemicals, Inc. a one stop chemical manufacturing company for both cottage companies and large corporations. 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.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Martin Kings® Chemicals, Inc. is in business to manufacture and retail a wide range of chemicals to clients in the United States of America and other countries of the world. We are in the chemical product manufacturing industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives.

Martin Kings® Chemicals, Inc. will generate income by selling the following products;

  • Custom-compounding of resins
  • Photographic films, papers and plates
  • Evaporated salt
  • Gelatin
  • Water-treating compounds
  • Automotive chemicals
  • Reformulating plastic resins from recycled plastics products
  • Manufacturing toners and toner cartridges
  • Manufacturing photographic chemicals
  • Other organic and inorganic chemicals

10. Sales Forecast

One thing is certain when it comes to chemical manufacturing business, if your plant is well located and you have good business network, 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 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 Harrisburg – Pennsylvania to other states in the United States of America.

We have been able to critically examine the chemical manufacturing 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: $350,000
  • Second Fiscal Year: $750,000
  • Third Fiscal Year: $1 million

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 manufacturing or retailing 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

Before choosing a location for Martin Kings® Chemicals, Inc., we conducted a thorough market survey and feasibility studies in order for us to be able to penetrate the available market and become the preferred choice for stakeholders in and around Harrisburg – Pennsylvania. 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 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 Harrisburg – Pennsylvania and throughout the United States of America.

In summary, Martin Kings® Chemicals, Inc. will adopt the following sales and marketing approach to win customers over;

  • Introduce our chemical manufacturing company by sending introductory letters alongside our brochure to key stake holders in and around Harrisburg – Pennsylvania
  • Ensure that we manufacture a wide range of chemicals and related products
  • Make use of attractive hand bills to create awareness and also to give direction to our plant
  • Position our signage / flexi banners at strategic places around Harrisburg – Pennsylvania
  • 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.

11. Publicity and Advertising Strategy

Despite the fact that our chemical manufacturing 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 chemical manufacturing company.

Martin Kings® Chemicals, Inc. has a long – term plan of opening retail outlets in various locations all around Harrisburg – Pennsylvania and key cities in the United States which is why we will deliberately build our brand to be well accepted in Harrisburg before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Martin Kings® Chemicals, 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 Harrisburg – Pennsylvania
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Advertise our chemical manufacturing 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 wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

We are aware of the pricing trend in the chemical product manufacturing industry which is why we have decided to produce various sizes of containers used in packaging the chemicals.

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 industrial 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 chemical manufacturing brand.

  • Payment Options

The payment policy adopted by Martin Kings® Chemicals, 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 Martin Kings® Chemicals, 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 client 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.

13. Startup Expenditure (Budget)

From our market survey and feasibility studies, we have been able to come up with a detailed budget for establishing a standard and highly competitive chemical manufacturing company in Harrisburg – Pennsylvania 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 Martin Kings® Chemicals, 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 – $250,000
  • 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 the purchase and installation of chemical making machines and start-up inventory – $250,000
  • 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.
  • 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 five hundred and fifty thousand dollars ($550,000) to successfully set up our chemical manufacturing company in Harrisburg – Pennsylvania.

Generating Startup Capital for Martin Kings® Chemicals, Inc.

Martin Kings® Chemicals, Inc. is a family business that is owned and financed by Martin Kings 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;

  • 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

N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $350,000 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.

14. 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 the business structure. If all of these factors are missing from a business, then it won’t be too long before the business close shop.

One of our major goals of starting Martin Kings® Chemicals, 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 manufacture and retail our chemicals a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Martin Kings® Chemicals, 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 of facility and remodeling the facility (warehouse and factory): 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 The Company’s Logo: Completed
  • Printing of Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the needed chemical making machines, 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
  • Establishing business relationship with vendors – suppliers and wholesale distributors of chemicals and related products: In Progress
Joy Nwokoro