This plan includes detailed information for investors and the basic strategic plan information needed to start JTB Products and Services, Inc. JTB Products and Services, Inc. will be created in Richfield, Louisiana, under the laws of Louisiana.
JTB’’s Products and Services Division is responsible for manufacturing custom tools that are tailored to the Automotive and Auto Body Repair, Sports Service and Commercial Drilling Industries. A division of JTB will provide reconditioning services to clients that use our JTB product line.
Mitchell R. Jeremy and Rachel L. Jeremy make up the Product and Services Division’s management team. They also manage the day-to-day operations. Three members of a customer-focused and team-oriented staff will support the management group. JTB Products and Services, Inc. has retained the services a CPA firm in order to perform company audits, prepare taxes, pay payroll, and assist in setting long-term strategic goals.
Based on the current prices in the Products and Services market, JTB Products and Services, Inc. has the potential of making sales of $348,000 within the first eighteen months of operation. It is possible to expect revenue growth of 24.53% with good management. The projected ratios for Fiscal Year 2 look solid.
The investment of each investor will determine how much equity they have. A detailed discussion on Ratios is available in the Financial Plan section.
Our primary markets include:
- Auto repair, and Automotive industries. (JTB Tools)
- Contractors in the private and public utility sectors. (JTB hole-making products, services)
- Sporting Goods Industry. (JTB drilling, and drill refurbishing service)
- Metalworking and Manufacturing industries as a service provider.
JTB Products and Services, Inc. is looking for ways to minimize the risks that may hinder its success.
- Funding the project properly with sufficient capital
- Lower overhead than anticipated will result in higher bottom line profits. Managers will hire multi-skilled employees. A continuous training program will ensure superior service. Customer satisfaction is the highest priority goal for developing the company.
- You must build a customer base. The demographics have helped to determine the location of your business. You can then use an aggressive marketing campaign by a part-time marketing associate to achieve the desired results.
- To demonstrate how the business can improve quality of life, get involved in your community. Community projects using the company facilities will be developed to help civic groups obtain their financial goals. Schools, churches and other groups can reach out to the company to raise funds.
1.1 Objectives
- Integrate your products and services into Industrial Distribution.
- Direct-market product lines to over 100,000 potential customers in the U.S.
- To gain market share, use our Business Technology Software.
- Our clients receive high quality products and services, while we maintain high profitability.
We have been helping these businesses for many years with their production processes, job costing and expediting the services. These services are delivered one-on-1. First, we review the client’s use of the products and then make a recommendation to either replace, scrap or rebuild the item. We can also recommend a replacement product from one of our distributor partners.
JTB Products and Services, Inc. will be a partner in the JTB network, and will also use this network to promote its products and services throughout our industrial distribution partners.
1.2 Mission
JTB will offer the highest quality products, services and development.
- Our products will save customers money and last longer than those of our competitors.
- Our re-manufacturing service will provide a client with a solid purchase that is value-based. It will be backed by the 100% quality commitment of our employees as well as management.
JTB’s own manufacturing facility will serve as a prototype and test bed for products. JTB provides mid-sized corporations with innovative ways to cost efficiently manage external vendor and customer transactions. This will allow them to make continuous savings and provide a competitive advantage for their customers. JTB will continue to grow as a long-term, high-quality corporation by partnering with manufacturing companies.
1.3 Keys of Success
- With over twenty years of experience in industrial distribution and metalworking, this experienced manager has a wealth of knowledge.
- Long-term, well-defined goals to ensure longevity. To allow growth and flexibility, our plan was developed.
- Highly skilled project-management personnel with prior Engineering experience. Clients receive product and service support within an industrial setting.
- Marketing goals that are strong with niche products and services. Targeted services and products with unique marketing strategies.
- The startup has very low internal development cost. Management is well-suited for managing and developing all the projects described in this Business Plan. Pre-production expenses can be reduced by using industry partnerships to lower the initial costs of bringing products or services to market.
- Previous base of high-quality external support vendors available to build on, with over twenty years of industry contacts to work with, in both the purchasing of quality products, and also in the marketing of our own products.
- There are many years of experience and successful business plans to draw upon. Management’s previous business plan assisted in closing an SBA program valued at $240,000 to acquire C.N.C equipment. The business plan will be implemented and refined by management. Management expects to bring a lot of creativity, positivity, and energy into each of the projects.