How to Initiate a Business of Match Box
How to Initiate a Business of Match Box
Any individual can initiate the matchstick manufacturing business on a small scale by maintaining safety measures strictly. Matchsticks are consumer durable products and the demand is growing day-by-day. An entrepreneur knowing channel distribution can start a matchstick manufacturing business with moderate capital investment.
Create a comprehensive business plan for a matchstick manufacturing business. Determine your business objective and selling strategy. It is always recommended to have a customized project report in hand. It will give you the proper information about the capital investment, machinery, and raw materials needed, and where to source. Get the production protocol with the right formula from a reliable source.
Related Project:- Match Box Making Plant
Select a Location
Selecting the right location is extremely critical for this business. Matchstick manufacturing is all about dealing with hazardous and explosive items. It is recommended to set the unit in an industrial zone. Otherwise, you will need to submit ‘No Objection’ from the neighbors where you are establishing the unit.
Related Projects:- Project Reports & Profiles
Legal Compliances for Matchstick Manufacturing Business
Determine the legal pattern of the business. You can start as a sole proprietorship if you are starting on a small scale with less budget. Obtain ‘consent to establish’ and ‘consent to operate’ permission from the Pollution Control Board. It is also needed to get permission from the fire department. Obtain a factory license from the Govt. department. Concentrate on the safety and fire precaution process. Obtain sales tax registration from Govt. authority.
Machinery and Raw Materials for Matchstick Manufacturing Business
Start your production unit through a semi-automatic process. Previously matchstick production was labor-intensive. Now different machinery is available for the production of a matchstick in a semi-automatic or an automatic process. Take the training from the suppliers.
Related Books:- BOOKS & DATABASES
Check their client testimonials before purchase. The main raw material is the wooden stick. Other necessary raw materials are potassium chlorate, phosphorus sesquisulfide, glass powder, zinc oxide, glue, color dye, etc. Also, you need to have a matchbox and outer box for packaging. Source the raw material from reliable vendors at a reasonable price.
Arrange Finance
If you are looking for funds to start your matchstick manufacturing business, your business project plan will play an important role. You need to pitch your business plan to investors. You can approach banks, government agencies, or venture capital investors.
Marketing of Matchstick Manufacturing Business
As matchsticks are consumer durable products it demands branding activity to get the market share. Matchsticks are sold in volume. The success of this business depends on the strong channel network. Start selling locally. Offer your channel partners lucrative business deals.
Chalk out a marketing plan for your business. There are many low-cost marketing ideas for promoting your products. Creating a website will surely help you in providing confidence among customers about your company.
Related Videos;- Matchbox Manufacturing Business
In the matchstick manufacturing business, you need to concentrate on the quality and packaging of your product. Establish business tie-up with the retail brands. Ensure the availability of your product at every retail store in the area you are doing business.
Conclusion
“Match Box Making Plant - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue”. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning, etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, etc. The report covers over all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements.
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#DetailedProjectReport #businessconsultant #BusinessPlan #feasibilityReport #NPCS #StartupBusinessPlan #startupinvestment #startup #InvestInStartups #MatchBox #MatchBoxManufacturing #MatchBoxProduction #MatchBoxBusiness #MatchBoxMarket #MatchBoxMakingPlant
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