MATARIMO TAILORING
Designing, embroidering, making uniforms, ladies & gents wear.
-Designing,embroidering,making overcoats,overalls,shirts,skirts,trousers for industrial workers and students. Also ordinary ladies and gents wear within the country and abroad.
-Local TAX. increasing county's exports volume hence improving Gross Domestic Product(GDP). Once put in local trade fairs attracts foreigners hence gaining foreign currency(ies).
-Setting affordable prices, salaries to employees, tax paid, donations to social activiites
Facts
2004
| Two years ago: | 37,800 |
| Last year: | 64,500 |
| This year (forecast): | 229,400 |
| Year 2 (forecast): | 308,350 |
| Year 3 (forecast): | 404,050 |
| Two years ago: | 10,864 |
| Last year: | 17,898 |
| This year (forecast): | 51,873 |
| Year 2 (forecast): | 80,254 |
| Year 3 (forecast): | 116,024 |
| Two years ago: | 6 |
| Last year: | 8 |
| This year (forecast): | 17 |
| Year 2 (forecast): | 18 |
| Year 3 (forecast): | 20 |
Finance needed
| Finance needed for fixed assets (buying of machines, buildings, ...) | 77,000 |
| Finance needed for working capital (salaries, stock, rental, leasing, transport, ...) | 130,000 |
| Total finance needed (US$) | 207,000 |
How do you expect this to be financed? Please note: the total amount mentioned here should be equal to the total finance needed at the previous question.
| Own Contribution in cash | 47,000 |
| Loans (debt) | 70,000 |
| Share capital that you seek from investors (equity) | 90,000 |
| Other sources | 0 |
| Total finance needed (US$) | 207,000 |
The Business
In my business I design and embroidering BATIKIs, overalls, overcoats, industrial workers and students’ uniforms, ordinary ladies and gents wear. I make sure that the product produced goes in line with the current fashions to meet the needs and demand of my customers. In most cases the fashion of ladies and gents wears are changing so I make sure I produce the products which can be bought and increase the purchasing power to my customers
It satisfies different categories of needs such as industrial workers working clothes, student school uniforms, women and men who find their tastes in smart african clothes example Batikis,
Since I have an existing small factory dealing with design and emboirdering of different clothes, I would increase the factory size, buy more of modern emboirdering and overlock machines, employ new expert staffs to ensure effective and efficient production of products
Renting a Show room in a nice located place,meeting the already known and established business people dealing with buying and selling the type of products produced, visiting different schools, industries to find reliable markets for the products, proper use of media like radio to advertise the business, setting distinguished affordable prices to increase turnover. International trade fairs,show room,exportation will be the distribution strategies
Will sell to the middlemen buying in large quantity and also direct to local and foreign customers. These can be government institutions, private firms, sole proprietors, individuals, Non Governmental Organisations (NGO's)
In my bussness i am facing a lot of competitors. My competitors are those who are producing the same kind of products i do.Some of them are coming from outside the country and other are within the country.Example of competitors who are coming from outside most of them coming from malawi uganda and kenya. We sometimes find that we share the market so everyone use the marketing strategies and skills to be in the position of wining more customers.
My business is much better compare to my competitors because i am producing the products of high quality with the price which is affordable to the majority. i make lots of advertisements via mass media like Tv.
My busines products are been innovated by the output of qualified and experienced worker,also the newly improved machinery with the applied technologies.The quality of the materials used in my business also counter for the innovative products.
Good manegerial and high devoted working spirt by the employees brings foward high standard and innovative products.
Market competation of high qualited goods contribute to the Fine produced products.
To ensure the growth of my business, I will consider the following:- Customer base expansion, Add value, Part of profit to be returned to boost capital, Participating in trade fairs exhibitions, To keep my accounts properly and make sure that the materials used are the one which are only needed . I will park my products in a way that will impress my customers to come back. I will also make sure that I provide after sale services to my customers.
The Entrepreneur & Management
I will be the owner of the company managing all activities in collaboration with my management team.I have 15 years of experience in the tailoring industry.Am qualified with Form iv certificate,I have attended Secretarila Course and a lots of business manegarial seminars.I have well trained and experienced designer whom together we do assist each other in designing.Also I have well trained 4 embroiders, 4 trained tailors and 2 general workers.
I and my management team we are qualified to build this business specifically because we have the ability to work independently,flexibly and as part of team,strong organisational and planning skills to priotise,manage a busy workload and meet deadlines,ensuring business plans are reached within the appropiate time.Conducting on job trainings to our staffs to increase the performance of their work.Make analysis to the costomers needs and demands.
In my business plan i expect to work on the average of sixtyhours(60hours) per week.I will work from monday to saturday,whichmeans i will be working in six days(6days) spending ten hours(10hours) for each day.
Development
My business contribute to the improvement of local living standard because i am paying tax to the government which facilitate the government in the provision of goods and service to the public example building school,hospitals and infrastructure.Also i sell my products in reasonable price which majority of developing countries can easily afford.Through the income earned i am applying the compassion role like help the orphans to pay school fees