Are you interested in starting a water bottling plant but don’t know how to go through the planning process? Below is a sample template on how to write a business plan for bottled water …
To start a big business like a bottled water company, you really can’t afford not to have a detailed business plan that can serve as a business guide and vehicle for running your business. The only problem is that most people consider writing a business plan to be a very technical process that requires professional knowledge and skills, but this is far from the truth.
You can easily write your own business plan from the comfort of your home without paying a dime to another person. In fact, you are even better off writing your business plan yourself, because the business plan should be a personal matter. It should reflect your personal goals and plans for your business, and the best person to refute that is you.
If you are having difficulty developing a business plan for your bottled water company, I’m sure after reading this guide you should be able to write your business plan easily. So, without wasting any time, here is a list of things to include in your business plan:
How to write a business plan for a bottled water company
1. Summary -: Your executive CV summarizes everything in your business plan on one page. This is the most important part of your business plan and you should write it in such a way that anyone reading a resume fully understands what a business is and what you are trying to accomplish, without even read the other parts of the business plan.
Your CV should explain why you have decided to start producing bottled water, why you think bottled water is important to the health and well-being of the people in your area, why you think the location that you choose is the best location, how you are going to run your business and how you will receive income.
2. Industry analysis -: This is where you will analyze the results of all the market and feasibility studies that you have carried out. You should be able to show that you have a thorough knowledge of the bottled water industry, how demand has continued to grow over the years, the size of the industry, the financial situation industry, the main players in industry and consumption. per capita of bottled water in the country.
3. Market analysis -: Who are your target customers? How will you contact them? What makes you think they both want and can date you? What are the tastes and preferences of your customers? What is their income? Will their income be enough to afford a purchase of bottled water, or are they just drinking tap water because it is available? ? Here are some things you should include in the market analysis section of your business plan.
4. Company description -: In the Business Description section, you must explain what your business consists of. For example, your ownership structure should be listed. Will you be doing business alone or in partnership with a friend of yours? What would you call your business? What types of bottled water do you intend to produce in terms of sizes and types ?
For example, you may decide to produce spring water and mineral water; You must indicate this in your business plan. You should also explain all the services you intend to offer and how you propose to make money with your business.
5. Marketing strategy -: You should also analyze how you plan to increase your brand awareness and how you plan to market your products. What strategy would you use to enter the market?
Would you initially offer your product at ridiculously low prices to throw your competition off balance and enter the market? What type of promotional material and advertising methods are you planning to use? What is your marketing budget and what type of competitive advantage you have to become a new entrant in a very active industry …
6. Operational plan -: In this section, you should carefully consider how you plan to conduct the day-to-day operations of your business. For example, you need to analyze how your products will be distributed, where you plan to find your business, and what future plans you have for your business.
7 Management and staff: Who will be in charge of running the business? What skills and experience do they have with a bottled water business? ? You need to make a list of all the people who will be working on the project with you and what makes them competent enough to run the business. You should also make a list of your suppliers, consultants, and any other companies you will be working with.
8. Financial needs – … You will need to make a comprehensive list of everything you need to start a business and how much each piece of equipment will cost. Also, be sure to make a list of office equipment such as telephones, computers, office supplies, lighting costs, and other non-manufacturing costs.
9. Financial statements -: … For most people, this is the most technical aspect of writing their business plan, but it just seems technical, it’s very easy if you understand the basics behind it. tend. The financial statement in your business plan is simply a forecast of your income and expenses and ultimately the profitability of the business. The elements of your forecast financial statement include: –
- Hypotheses -: How many cans of bottled water do you plan to produce per day? How much do you think you need to spend to produce this amount ?For example, how much would you spend on raw materials to produce 500 cartons of water per day? How much electricity would you use? How much would you pay the staff ? All of your planned business expenses are as shown in the assumptions section.
- Projected balance -: … This is where you can summarize the net worth of the business in terms of assets, liabilities and equity.
- projected income statement -: it is simply a statement of all income and expenses of a business, used to determine the level of profitability of a business.
- Projected cash flow statement -: … It will be used to analyze your intentions. manage cash inflows and outflows.