The development of a manufacturing business plan is the first step toward starting a new, expanding your current, or buying an existing business in the manufacturing industry. A business plan is useful in managing your company, securing funding or grant requests, and attracting investors.
The manufacturing sector provides a locus for stimulating the growth of other activities, such as services, and achieving specific outcomes, such as employment creation and economic empowerment. This platform of manufacturing presents an opportunity to significantly accelerate the country’s growth and development.
Manufacturing in South Africa is dominated by the following industries:
•Agriprocessing;
•Automotive;
•Chemicals;
•ICT & Electronics ;
•Metals; and
•Textiles, clothing, and footwear.
Elements of a structured Manufacturing Business Plan include:
Executive summary: This is a summary of your business plan. It is 1 to 2 pages in length and includes key information on top management, the company, the vision, mission, and goals.
Products and/or Services: Describes the goods or services the company provides to the public and other businesses.
Market Analysis: This section includes information on the industry, the local market, key competitors, target market, and includes a SWOT analysis.
Sales & Marketing Plan: Include the pricing for each product, and discusses the marketing strategies (in-person, digital, and print).
Operational Plan: This section discusses how you will manage your business premises, legal issues, insurance issues, human resources, risk assessment, and production.
Financial Plan: Provides a measurable goal to work towards. It enables the business to track their progress, reduce doubt or uncertainty about decisions and make adjustments to help overcome obstacles.
Financial Projections: Comprises of the management account, income statement, balance sheet, cash flow, cash forecast, break even analysis, loan amortisation schedule, and fixed asset schedule. Ratios, charts, and calculations are included.
Annexures: Provides supporting documentation for key components in your business plan, such as management and company documents, quotations, contracts, and financial statements.
The DTC Team understands the complexities of the criteria and requirements for a tailoured business plan. If using the plan to raise funding and/or non-repayable business grants, we guide you through the procedure and provide access to our network of funders and service providers from across the country.
For more information and support – Contact us