Starting a small screen printing business at home can be a lucrative endeavor. With a small initial investment, plenty of motivation, and a solid marketing plan, you can launch your own screen printing business and turn a profit in no time. However, many screen printers focus so much on the screen printing process that they forget about the business side of things.
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 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. 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.
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.
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 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.
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. Gabriel Ted and his wife Mrs. 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.
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. 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.
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. 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.
Completed Opening Online Payment Platforms: 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 Contract Documents: In Progress Design of Logo for the business: Completed Secure trademark for our products: 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:Need to upgrade your HDTV?
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