Do you want to start a caustic soda production company from scratch? Or you need a sample caustic soda production business plan template? If YES, then i advice you read on.
Starting a production business can sometimes be frustrating. This is especially if you do not know jack about what you are delving into. On the other hand, there are folks who started the production of a particular product by not knowing a thing and today that have been able to build their businesses into big conglomerates.
It is okay to decide to delve into production; however, you have got to first sit and figure out what really you want to produce and how well you are good at the trade. One of the businesses you may want to venture into is the caustic soda production company.
If caustic soda does not ring a bell, then you can think of some soaps- especially in Africa that are made of soda, caustic soda is also used in the aluminum industry, pulp & paper. They are used as water treatment and water purification, as cleaning agent, or a wide range of uses in chemical industry like the starch production and for dyeing clothes, and what have you.
Caustic soda is a solution of Sodium hydroxide (NaOH) in water. It is a powerful base with a myriad of applications in different industries. Caustic soda is produced together with chlorine and hydrogen from the electrolysis of salt brine.
So, how easy is it to start this type of business? This is the reason this article is being whipped up so that you can learn a whole lot about how to start a caustic soda production company. This is a very profitable business that sure guarantees returns on your investment.
So, here are the winning tips to imbibe if you are looking to start your own caustic soda production business.
Starting a Caustic Soda Production Company – Sample Business Plan Template
1. Read up a Lot
This is one of the first and most important steps that you have got to embark on if starting this business is pertinent to you. You need to know what caustic soda really is, what it is being used for, those who use it, those who produce it, as well as other very vital information that must have been left off here. The internet is a ready avenue through which you can garner these information and more.
2. Know Other Players in the Field
It is very necessary that you figure out who your competitors are. Know a lot about them, where they are located, and the type of products they provide and what have you. This will in a great way expose you to learning a lot about their businesses, so that you can leverage on it to churn out the best of products for your clients.
3. Get Trained
You cannot just wake up one morning and decide to start a caustic soda factor without first getting trained. This is vital so that you can get all the hands- on experiences that can help you start your own business on the right footing. You may consider volunteering or out rightly asking to be an intern.
It is vital to first determine who your target market would be as there are different classes of people that may makeup. You have got to decide whether you would be providing on a small scale for private individuals, or if you would deal with corporate clients. This would include big factories, and so on.
This is a very important factor that you must not treat with levity. It requires that you get an expert help you write a detailed business plan that can serve as a working template for you and your team. Very vital information like how much starting your caustic soda production company may like likely gulp, your marketing strategies, how many workers you want to hire and all what not.
6. Register Your Business
This is very vital, especially because you would be dealing with not only private individuals, but also chemical industries. Therefore, it is important that you go through the right way of registering your business. The corporate affairs office in your country or the chamber of commerce office would be a very good place to start with. You have got to decide whether to have it registered as a Limited Liability Company or otherwise.
This is in no way the type of business that you can start in your home. This is because you would be dealing with harmful chemicals that can be hazardous to you and your household. Therefore, it is really ideal that you pool resources to get a space for your caustic soda production.
You would also need funds to acquire some raw materials and other equipment. To that effect, you may look to getting a loan from the bank or microfinance banks, getting support from family and friends as well as angel investors.
This type of business is relevant to be located in an industrial area. This is so that you do not endanger the lives of people who may live in a residential area- that is should you decide to have it located in a residential area. Be sure to let your realtor know what type of facility you are looking out for.
7. Purchase materials
Part of what you would learn about at the factory is the different raw materials and machines that are needed for the day to day production of caustic soda. When you do learn of these things, then you may go ahead to purchase them.
9. Hire Workers
You cannot start this business on a trial and error note. Therefore, it is imperative that you hire only experienced workers. If you want your business to run smoothly from the outset them you may consider looking to employ those who have garnered some knowledge already.
9. Begin production
Now that you are getting a hang of what the business is all about, as well as what the industry connotes, then you may commence production. Whilst you start with producing your caustic soda, be sure to begin to tell all and sundry about your business. You may also consider giving out some free product samples to potential customers.
10. Advertise your products-: Now is a good time to let the big industries and private individuals know what you are up to. Be sure to produce high quality products so that you can have repeat customers.
There you have it. 10 solid tips that can help you start your business and then you can look to grow to the zenith within a short period of time.