Do you want to start an exercise book production company from scratch? Or you need a sample exercise book production business plan template? If YES, then i advice you read on.
If you are looking to start a very profitable business that can fetch you loads of returns then you may want to look to starting exercise books production business. This is one business type that has been in existence for a long time. If you were born in the late 50s and 60s-especially in Nigeria, looking back to the days of old at school, you would realize that you used exercise books to for writing.
You would also agree that it is one essential item that every student has got to go to school with, or else writing may be hampered. It is for that reason that there are several entrepreneurs who have taken to the production of this very essential item. If you are looking to start your own business like these entrepreneurs, then it becomes important that you learn a few basic steps.
However, you need to note that this business to an extent is capital intensive, as you would require printing machines, as well as other equipment that is needed for the effective running of this venture. Consequently, if you have searched and are determined you want to delve into this trade, and then here are winning tips below to help you pull things off.
Starting an Exercise Book Production Company – Sample Business Plan Template
It is okay that you have decided to start a business revolving around exercise books production. However, it is more important that you undertake some vital research. This is to help you start out well informed. So, what would the research entail?
You have got to learn about the type of people who are in this business, how they are able to raise startup funds, for which people are they producing, where they get their raw materials from, how much in general does starting the business gulp and what have you.
2. Be an Intern
Now that you have been armed with some vital information, your next port of call would be to see things yourself in practical terms. This means that you have got to search out for someone who already does this kind of business, as well as has a printing press.
You may need to go to this place to go see how things are operated yourself. Know the various dimensions and measurements which are being used, as well as ask for other imperative questions that would be of high use to you and your team.
This is one very important step that need not be joked with. To a large extent, this is able to help you start and run a successful exercise books production outlet. You may require the services of an expert who would help you see that things are put in place. This might be for a fee.
On the contrary you may lucky to meet someone who would want to d this by offering a pro bono service. Your business plan must have details like how much you intend to start the business with. How many machines you want to start with and in the future how many you should have grown into. The number of workers you want to start with, as well as future projections. This is just to mention a few.
An exercise book production business isn’t something that you can easily pull off at home. This is especially because of the noise the machines used in printing and cutting the papers make. Having to cope with such a noise in a residential apartment might a challenge.
However, if on the other hand you are able to cope, then fine. If not ideally you may require looking for a shop or space to start this business from. You may consider notifying a realtor on the specification of the space you want. This specification has to do with how big or small you want it to be, the area you want the business to be located and what have you.
5. Purchase Equipment
After you must have gotten a place to situate your printing press, and then you may now proceed to quire all the machines needed. You would need the cutting machines, the printing machines, and a plant. You would also need to have some air conditioners or fans so that the space isn’t overly hot when work is in progress. There are other tools that may be needed; however these are just the basic ones.
6. Hire Workers
You can’t possibly run this business all by yourself. It is needful that you hire some operators and workers. Whose sole aim is to man the cutting, as well as other preparation process for the printing of the exercise books. You would also need some attendants and printing operators. Do please ensure that these people are very experienced so that they do not spoil things for you.
7. Start Production
Now that you have gotten a hand of nearly everything, then you may commence production. Be sure to have a standard operating process so that you do not churn out substandard products. Be there to supervise the first batch and be sure to compare them to that of your competitors.
It is really vital that you have solid marketing strategies in place. This is because of the myriad of exercise books that are already being sold out there. You may need to consider visiting schools to tell them about your brand of exercise books, also tell wholesalers in the bookshops as well as the open market about your new products. One other thing that may help you penetrate the market is giving some free copies of the exercise books.
If you take very seriously these steps, then you can be sure to gain entrance into the market, as well as win the hearts of buyers in no time at all. Be sure to always check with competitors to see what and what may be the new trend in industry.