The business plan for cartridge refill companies is a simple enough document on its surface. It is no secret that the need for ink and toner is huge in both corporate America and in residential homes and home offices nationwide, so there is a big market for this service suite. What's more, the status quo in the printer industry is selling devices that need to be refilled quickly, so there's an ever-evolving market of first-time customers with empty cartridges who don't know for sure where to turn. Some get recycled, some get thrown out, but some get professionally refilled – and this is where you come in. But what should the business plan look like? It needs to cover each of the following points in detail:
• Who are your target customers?
• What is the radius of operations you envision?
• Is any part of the business conducted by mail?
• Do you need to have an office separate from the refill location?
• What are your ongoing expenses likely to be?
You should be able to show when you can make money and make it clear in the document how much capital you're after. The finished financial model will include a revenue forecast, the break-even, the projected profit & loss, cash flow, a balance sheet, and a start-up summary showing how you allocate the capital you receive from the bank (or an investor). A five year model of operations is required by investors, but to present to a bank you will only need to show three years. Also offer an assessment of the marketing techniques you might follow and mention who will run the business and their backgrounds in the market. Need help putting this together? Call MasterPlans. Our team of professional consultants can develop a funding-ready plan for you in as little as 10 days. (877) 453-2011.
