Here is a practical guide to developing a business plan for a corrugated box manufacturing company.
Are you into corrugated box manufacturing or seek to start one? It’s a great business idea you should consider.
However, how well such business is implemented from its idea stage to its establishment depends on whether there’s a good plan of action in place.
In other words, your business plan holds the key to your business’ growth and development. You don’t need to go through a lot of stress writing a box plan. Such is common when there’s no guideline to follow.
With this template, you’re able to put together an excellent plant.
CORRUGATED BOX BUSINESS PLAN
Consider them the building blocks of your plan.
Here, we’re referring to certain key sections that must be included such as the executive summary, the company description, and the products & services sections.
There’s also the market analysis section, as well as the strategy & implementation section.
Other key components that mustn’t be left out include the organization & management team as well as the financial plan & projection sections.
With these highlighted, you’ll need to know what to include under each section.
i. Executive Summary
When anyone opens your corrugated box manufacturing business plan, the first section they should see is the executive summary. Consider this as the section that introduces your business plan.
Although it shouldn’t be more than a few pages long, yet it should be able to summarize the plan.
By merely skimming through your plan, an investor can know whether the business idea is viable and investment-worthy. This highlights the importance of your executive summary.
Although it appears first in order of arrangement, you should have it written last.
This enables you to capture all the key points contained within your plan.
To be included within your executive summary are basic details such as your company name and location, products and services offered, mission and vision statements, and the specific purpose for writing your plan.
Company Name & Location
As part of its identity, your corrugated box manufacturing business should have a name. The name, as well as the operational base of the business, should be included here.
This approach seeks to unveil the business idea and enable your audience to understand its concept.
Products & Services Offered
As the name implies, the products & services section should provide a clearer detail of what your products include. Any services offered should also be added here.
While it’s important to state the products your box manufacturing business will offer, it’s important to make it brief.
Remember you’re writing the executive summary of your business plan. There’s already a section dedicated to writing such products and services in fuller detail.
So, only list the most basic and also consider categorizing such.
Mission & Vision Statements
By clearly stating the mission and vision statements of your corrugated box manufacturing business, you’re charting a course for its smooth takeoff.
The mission statement is restricted to a few sentences and articulates your business’s purpose. It basically states why your business exists.
The vision statement on the other hand captures your dream for your corrugated box manufacturing business. It’s an all-encompassing view of your company’s goals that sets the path for your company’s future.
Specific Purpose of your Plan
Having the purpose of your plan clearly stated is something you want to make sure of.
Before writing your plan, there should be a clear purpose. So, is it meant to set strategies for business success, to attract funding, or to do both? Has the purpose clearly stated?
ii. Company Description
This section of your business plan seeks to introduce your corrugated business idea by stating what it does or will do as well as how it will operate.
Key inclusions are the legal structure, a brief history of the business, its nature as well as identifying the specific market needs you want to fill.
Also included here is an overview of products and services, target customers as well as suppliers. Paint a brief picture of company growth with the market and financial highlights included.
What are the business’ short and long-term goals? Include information on how you plan to make a profit.
iii. Products & Services
Simply put, the products and services section clearly describes the products you sell as well as their benefits to customers. You’ll need to include its market role as well as identify all the advantages it has over similar products from competitors.
All relevant trade secret data, patents, or copyright details should be supplied here.
If there are ongoing research and development activities aimed at birthing new products, you should have such information provided here.
iv. Market Analysis
From your market analysis section, your audience can sense your knowledge of the industry. This calls for lots of research and understanding of the processes involved in corrugated box manufacturing.
You’ll need to have a sketch of target customer segments.
Additional information to include should cover historical, current, and projected marketing data. Also, your competitor’s strengths and weaknesses should be pointed out here.
v. Strategy & Implementation
The implementation of your sales and marketing strategies is crucial to realizing set objections.
Here you want to provide details on how you intend to sell your business to your target audience. Also included are details about pricing, costs, promotions, and distribution.
vi. Organization & Management Team
Your organization and management team are crucial to the success of your corrugated box manufacturing business. Here, you’ll need to provide details about the structure of the business.
This should begin with a chart that describes key departments as well as employees.
Details on the business owners, profiles of your management team as well as the list of any advisors should be clearly stated.
vii. Financial Plan & Projections
Without the financial plan and projections section, the business will operate blindly.
This is where you need the help of a financial expert. A professional accountant can help you draft your financial plan as well as set projections.
Key areas to be covered or supplied are historical financial data, realistic prospective financial information, and a brief analysis of financial data.
This corrugated box manufacturing Business Plan touches on the key aspects to be covered in your business plan. By following these, you’re able to set forth an implementable plan of action for your business idea.