Whatever failure I have known, whatever errors I have committed, whatever follies I have witnessed in public and private life have been the consequences of action without thought, was said by Bernard Baruch, an advisor to the U. S presidentClick To Tweet
Have you thought of how to make money within a year??? Here is an amazing answers to your questions.
HOW TO START A PROFITABLE TISSUE MANUFACTURING COMPANY IN NIGERIA
Tissue paper manufacturing all over the world is a profitable business in our today’s world. This is so because the use of tissue has increased and thus become very important and necessary to running the domesticated and industrial activities in this twenty-first century.
Tissue paper can be used for cleaning and sanitary reasons in homes, restaurants, social gathering, offices, hotels, restaurants, shops, maternity homes, hospitals, educational institutions, churches, and clubs, and host of others.
Starting a Tissue paper/serviette manufacturing company is one of the legitimate ways to make a lot of money in Nigeria in particular and the world at large.
If you have interest in starting a tissue paper/serviette manufacturing, we will guide you here by giving you tips on how to go about it.
STARTING A TISSUE PAPER/SERVIETTE MANUFACTURING COMPANY IN NIGERIA
1. LONG AND THOROUGH RESEARCH
Learning is the best way to prepare for anything or any business is to research on it. If you have any interest in tissue paper/serviette manufacturing industry, you should take some time to study the industry and know what it entails.
You need to arm yourself with the necessary and adequate information needed to start the business. Don’t bother about people who have started the business but rather, focus on yourself and you will be a success.
2. GO ON TRAININGS
In addition to research, it is advisable that you train when you want to start a tissue paper/serviette manufacturing company. The essence of training is as clear as the sky. You have to get the necessary training needed to successfully start your own tissue manufacturing company.
3. GET REGISTERED AND GET A LICENSE
When you are done with the training, the next thing is to go for the registration of your tissue manufacturing company so as to have a license. Operating without having your business registered by the appropriate authorities is sheer folly.
The truth is if you start your tissue paper/serviette manufacturing without a license, you are only beckoning on failure. You must have to document your business to stand a chance at success.
4. DRAW A BUSINESS PLAN
A business plan is a necessity if you want to start a tissue paper/serviette manufacturing company in Nigeria. A business plan is essential to starting a business and sustaining a business. As a matter of fact it serves as a guide for you and your general employees in tracking whether you have derailed from the core of quality production. You should get it right.
5. GET A LOCATION
You need to find a place to situate your business. You need a location that is not within the residential area.
This is so because you would not want to disturb the peace of the neighborhood with noisy machines and what have you. You don’t want to sued for economic hazard caused by your company.
6. EQUIP YOUR FACTORY
You need to have equipment if you will start a tissue paper/serviette manufacturing business or industry anywhere in the world.
You will need to put some machines in place. Some of them are Core making machine, Band Saw cutter, Rewinding Machine, The perforating unit, the embossing unit, and the various raw materials that are mostly readily available in most countries of the world
7. HIRE EXPERIENCED WORKERS
For you to start a profitable tissue paper company in Nigeria, you have to consider the human resources available to you. You have to get some experienced hands to do the job. The people you hire have to have the necessary skills and commitments to the company if you will succeed.
When you hire rookies or inexperienced employees, you have the possibility of making a lot of mistakes in your company. You also risk producing substandard goods which will on the larger scale have bearing on your success.
8. HAVE SOLID MARKETING STRATEGIES
This is important to the survival of business and it is the beginning of the end of your company if you neglect it. People will have to know of your existence and why your product is better than others.
When you start a tissue paper/serviette industry, it is imperative that you build a customer base so as to be able to have sales and make profit. This customer base is a function of advertisement and marketing.
Finally, indecision is the worst kind of decision. To start a tissue paper/serviette company, we need to be able to do a lot of things. What we have managed to give you is capable taking you the heights you dreamt of.
Using Nigeria as a case study, A pack of 48 toilet rolls is sold for between N2, 600 and N2, 800, depending on the size. A new investor can wholesale at between N2,400 and N2,500 to make his product competitive and pave way for market penetration.
From the investment analysis, annual gross revenue will be $400,000, while the total production cost marketing and administrative expenses will be $300,000, leaving a gross profit of $100,000 for the investment of $50,000 as shown below:
Power generation 6,500
Raw Materials 6,500
HOW TO SOURCE FOR FUNDS
With a detailed research using this article as your hinge, banks will be willing to invest in this business. The business itself can serve as collateral as some banks will be willing to oversee the importation of machine and the procurements of machinery and vehicle locally. As long as they are properly stored and packed, Toilet papers do not get spoil or expired.
Also, it can be categorized as a fast moving consumer goods considering that people will always wipe off something. Do you have access to some millions now, why not step up to the rank of multimillionaires by recycling paper to make toilet rolls and serviettes. You definitely will not regret it.
In case you have question or comments, please feel free to do so below. Thank you.