It is a fact that non – woven bags are environmentally friendly and support the global warming trend. Non – woven bag manufacturing business is indeed a profitable and thriving business that an aspiring entrepreneur with the required startup capital can successfully launch and grow from scratch to profitability. The word nonwoven means neither “woven” nor “knit”, but the fabric is much more. Non-woven is a textile structure which is directly produced from fibers by bonding or interlocking or both. It does not have any organized geometrical structure, rather it is the result of the relationship between one single fiber and another.
Basically there are 2 types of nonwoven fabric: Durable & Disposal. Around 60% of nonwoven fabric are durable and rest 40% are disposal.
The business plans cover the following sections:
1.) Executive summary, Mission and Vision, Key success factors, Business model summary.
2.) Company Description Business model canvas, Operational model, USP (UNIQUE SELLING PROPOSITION), Organizational structure, organogram, Business risks.
3.) Situational Market Analysis, Trends, Challenges, Target Market Segmentation, Porter’s five forces of profitability, SWOT.
4.) Growth plan
5.) Marketing plan
6.) FINANCIAL PROJECTIONS
7.) Key Assumptions, Financial summary, Projected Income Statement, Projected Cash flow, Projected Balance sheet, Loan Schedule, Financials Analysis.
8.) Business Ratios and Infographics).