Here is how to write a leather processing business plan.
Leather processing is a multi-billion dollar industry that employs millions of people across the world. As expected, there are players across different levels or sectors of production.
This creates enormous opportunities for everyone.
LEATHER PROCESSING BUSINESS PLAN SAMPLE
As an entrepreneur, starting a leather processing business requires a solid plan of action. This is known as the business plan. The amount of work put into the plan determines how successful the business becomes.
For readers seeking to write a leather-processing business plan but seeking to follow or use a template, you should find this guide very informative. To begin, there are key sections that must be included in your plan.
They include the following;
The executive summary section, company description, products & services as well as market analysis.
Other important sections of the plan include strategy & implementation, organization & management team, as well as the financial plan & projections. Let’s begin by discussing each of them.
i. Executive Summary
An executive summary section of a leather-processing business plan always appears first.
However, it’s written last for the right reasons. It culls information from the rest of the document and ensures that not inconsistencies are eliminated.
This section provides a brief, yet concise and generally optimistic outlook of your leather processing business.
This is designed to capture or hold the reader’s attention. More importantly, your executive summary section should make the reader want to learn more.
Within the executive summary are other subsections which are key to understanding the plan. They include the business name & location, services offered, mission & vision statements, as well as objectives or purpose of the plan.
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Business Name & Location
As part of the introductory process, your business name and location should be given. You should have found a suitable name already before writing the plan. The name gives your leather processing business an identity.
Next, where will this business be located?
Remember, you should stick to the basic details here as fuller explanations will be made in other sections of the business plan. This takes us to the next subsection;
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Products & Services Offered
From the nature of the business, it’s clear that you’ll be carrying out leather processing and possibly offering other related services. Here, you want to list all products offered.
These can be categorized when such products are many. How do such products and services impact your customers? Include such information here.
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Mission & Vision Statements
Under this subsection, you want to include information on both the mission and vision statements of your leather processing business.
For your mission statement, it should be able to explain what your business offers, who it helps and how this is performed. In a nutshell, it should define how your business will achieve its vision.
Speaking of vision, your vision statement should be futuristic.
In other words, it should written using a long-term perspective. The vision statement gives a broader view of your business’ goals.
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Objectives or Purpose of the Plan
Does your leather processing business have a clear purpose? It should! What are the plans you have?
For most business plans, the purpose includes securing investment and achieving set targets through the adoption of definite strategies.
ii. Company Description
The company description should include information on what the business is about. Information should also be included on how your business operates and the goals it intends to achieve.
Also, you’ll need to include information on its legal structure, history and demand for your products and services.
What more? A summary of operations as it relates to the market and financial details should be supplied. The purpose here is to fully describe your leather processing business to your audience.
iii. Products & Services
What products and services does your leather processing business offer?
Give a fuller explanation on the market role of your products as well as providing information on the actions you’re currently taking (if any) to guaranty excellent products and services.
iv. Market Analysis
By reading this section of your leather processing business plan, the reader should be able to assess if you have what it takes to run a successful business.
This section involves a lot of work in terms of research as you’ll need to know the dynamics of the industry.
All your findings are best written in an appendix format. You’ll do well to include a target customer segment sketch under this section. Details on size and demographics are crucial.
Industry description of the leather industry as well as its outlook must be included here.
How about your competitors? You’ll need to provide information on how you’ll survive your competition. A great way to start is by clearly identifying their strengths as well as weaknesses.
v. Strategy & Implementation
The contents of your leather processing business plan will be tested by your strategy and implementation section.
This is where your plan comes to life as it’s implemented or put to action. How do you intend to launch your leather processing business?
For an existing business seeking to expand its services, how is such expansion implemented? Marketing is a key factor to include here.
Other details contained under strategy & implementation includes pricing, promotions and costs.
vi. Organization & Management Team
Every business requires the presence of a sound team to succeed. Constituting such a team requires finding people with the right skills and placing them at the right positions where their skills matter most.
This section of your leather processing business plan should include details about ownership.
Such details include the ownership structure, percentage ownership, names of owners, as well as a detailed profile of management team members.
For members of your management team, have their past experience, responsibilities as well as their names included.
vii. Financial Plan & Projections
Are you a financial expert? If you are, this section will be a breeze. Of course this isn’t to say writing the financial plan & projection section is easy. Rather, it means you’ll have the understanding required to draft one.
However, persons having none of such experience won’t need to bother at all. A financial expert can be hired to help you put together the financial plan and projections. Here, historical financial data is needed.
Finer details of this include cash flow statements, balance sheets, and income statements.
Writing a leather-processing business plan shouldn’t be difficult at all. All you’ll have to do is follow the guideline provided here.