Guide to Creating a Business Plan With Template
To make your business idea a reality, you need a business plan. These simple business plan templates will get you started.
- A business plan clearly defines a company’s goals and how it will achieve them.
- You can find templates for simple and traditional business plans online, including a free downloadable one created by Business News Daily.
- LivePlan, Bizplan, GoSmallBiz and Enloop all offer great business plan software that can take your business plan to the next level.
- This article is for entrepreneurs and small business owners who want to know how to write a business plan.
Having a road map helps you reach your journey’s end successfully. Business plans do the same for small businesses. They lay out the milestones you need to reach to build a profitable small business. They are also essential for identifying and overcoming obstacles along the way. Each part of a business plan helps you reach your goals, including the financial aspects, marketing, operations and sales.
Plenty of online business plan templates are available to take some of the pain out of the writing process. You may benefit from simple, easy-to-follow business plan tools so you spend less time writing and more time launching your venture.
What is a business plan?
With most great business ideas , the best way to execute them is to have a plan. A business plan is a written outline that you present to others, such as investors, whom you want to recruit into your venture. It’s your pitch to your investors, sharing with them what the goals of your startup are and how you expect to be profitable.
It also serves as your company’s roadmap, keeping your business on track and ensuring your operations grow and evolve to meet the goals outlined in your plan. As circumstances change, a business plan can serve as a living document – but it should always include the core goals of your business.
Why do I need a business plan?
Starting a new business comes with headaches. Being prepared for those headaches can greatly decrease their impact on your business. One important step in preparing for the challenges your startup may face is writing a solid business plan.
Writing a business plan helps you understand more clearly what you need to do to reach your goals. The finished business plan also serves as a reminder to you of these goals. It’s a valuable tool that you can refer back to, helping you stay focused and on track.
What are the three main purposes of a business plan?
Before you write your business plan, it’s important to understand the purpose of creating it in the first place. These are the three main reasons you should have a business plan:
- Establish a business focus. The primary purpose of a business plan is to establish your plans for the future. These plans should include goals or milestones alongside detailed steps of how your company will reach each step. The process of creating a roadmap to your goals will help you determine your business focus and pursue growth.
- Secure funding. One of the first things private investors , banks or other lenders look for before investing in your business is a well-researched business plan. Investors want to know how you operate your business, what your revenue and expense projections are and, most importantly, how they will receive a return on their investment. [Check out our recommendations for the best business loan options .]
- Attract executives. As your business grows, you’ll likely need to add executives to your team. A business plan helps you attract executive talent and determine whether or not they are a good fit for your company.
Your business plan can be written as a document or designed as a slideshow, such as a PowerPoint presentation. It may be beneficial to create both versions. For example, the PowerPoint can be used to pull people in, and the document version that contains more detail can be given to viewers as a follow-up.
Free downloadable business plan template
Business News Daily put together a simple but high-value business plan template to help you create a business plan. The template is completely customizable and can be used to attract investors, secure board members, and narrow the scope of your company.
Business plans can be overwhelming to new entrepreneurs, but our template makes it easy to provide all of the details required by financial institutions and private investors. The template has eight main sections, with subsections for each topic. For easy navigation, a table of contents is provided with the template. As you customize each section, you’ll receive tips on how to correctly write the required details.
Here is our free business plan template you can use to craft a professional business plan quickly and easily.
Types of business plans
There are two main types of business plans: simple and traditional. Traditional business plans are long, detailed plans that expound on both short-term and long-term objectives. In comparison, a simple business plan focuses on a few key metrics in concise detail so as to quickly share data with investors.
Simple business plan
Business model expert Ash Maurya has developed a simple type of business plan called a lean canvas . The model, which was developed in 2010, is still one of the most popular types of business plans emulated today.
A lean canvas comprises nine sections, with each part of the plan containing high-value information and metrics to attract investors. This lean business plan often consists of a single page of information with the following listed:
- Key metrics
- Unique proposition
- Unfair advantage
- Customer targets
- Cost structures
- Revenue streams
Traditional business plan
Traditional plans are lengthy documents, sometimes as long as 30 or 40 pages. A traditional business plan acts as a blueprint of a new business, detailing its progress from the time it launches to several years in the future when the startup is an established business. The following areas are covered in a traditional business plan:
- Executive summary
- Company description
- Products and services
- Market analysis
- Management team
- Financial plan
- Operational plan
We lay out each area of a traditional business plan in detail below.
1. Executive summary
The executive summary is the most important section of your business plan, because it needs to draw your readers into your plan and entice them to continue reading. If your executive summary doesn’t capture the reader’s attention, they won’t read further, and their interest in your business won’t be piqued.
Even though the executive summary is the first section in your business plan, you should write it last. When you are ready to write this section, we recommend that you summarize the problem (or market need) you aim to solve, your solution for consumers, an overview of the founders and/or owners, and key financial details. The key with this section is to be brief yet engaging.
2. Company description
This section is an overview of your entire business. Make sure you include basic information, such as when your company was founded, the type of business entity it is – limited liability company (LLC), sole proprietorship, partnership , C corporation or S corporation – and the state in which it is registered. Provide a summary of your company’s history to give the readers a solid understanding of its foundation. Learn more about articles of incorporation , and what you need to know to start a business.
3. Products and services
Next, describe the products and/or services your business provides. Focus on your customers’ perspective – and needs – by demonstrating the problem you are trying to solve. The goal with this section is to prove that your business fills a bona fide market need and will remain viable for the foreseeable future.
4. Market analysis
In this section, clearly define who your target audience is, where you will find customers, how you will reach them and, most importantly, how you will deliver your product or service to them. Provide a deep analysis of your ideal customer and how your business provides a solution for them.
You should also include your competitors in this section, and illustrate how your business is uniquely different from the established companies in the industry or market. What are their strengths and weaknesses, and how will you differentiate yourself from the pack?
Follow this step-by-step guide on how to conduct a competitor analysis and what details it should include.
You will also need to write a marketing plan based on the context of your business. For example, if you’re a small local business, you want to analyze your competitors who are located nearby. Franchises need to conduct a large-scale analysis, potentially on a national level. Competitor data helps you know the current trends in your target industry and the growth potential. These details also prove to investors that you’re very familiar with the industry.
For this section, the listed target market paints a picture of what your ideal customer looks like. Data to include may be the age range, gender, income levels, location, marital status and geographical regions of target consumers.
A SWOT analysis is a common tool entrepreneurs use to bring all collected data together in a market analysis. “SWOT” stands for “strengths, weaknesses, opportunities and threats.” Strengths and weaknesses analyze the advantages and disadvantages unique to your company, while opportunities and threats analyze the current market risks and rewards.
5. Management team
Before anyone invests in your business, they want a complete understanding of the potential investment. This section should illustrate how your business is organized. It should list key members of the management team, the founders/owners, board members, advisors, etc.
As you list each individual, provide a summary of their experience and their role within your company. Treat this section as a series of mini resumes, and consider appending full-length resumes to your business plan.
6. Financial plan
The financial plan should include a detailed overview of your finances. At the very least, you should include cash flow statements, and profit and loss projections, over the next three to five years. You can also include historical financial data from the past few years, your sales forecast and balance sheet. Consider these items to include:
- Income statement: Investors want detailed information to confirm the viability of your business idea. Expect to provide an income statement for the business plan that includes a complete snapshot of your business. The income statement will list revenue, expenses and profits. Income statements are generated monthly for startups and quarterly for established businesses.
- Cash flow projection: Another element of your financial plan is your projection for cash flow. In this section, you estimate the expected amount of money coming in and going out of your business. There are two benefits to including a cash flow projection. The first is that this forecast demonstrates whether your business is a high or low-risk venture. The second benefit of doing a cash flow projection is that it shows you whether you would benefit most from short-term or long-term financing.
- Analysis of break-even point: Your financial plan should include a break-even analysis. The break-even point is the point at which your company’s sales totals cover all of its expenses. Investors want to see your revenue requirements to assess whether your business is capable of reaching the financial milestones you’ve laid out in your business plan.
Make sure this section is precise and accurate. It’s often best to create this section with a professional accountant. If you’re seeking outside funding for your business , highlight why you’re seeking financing, how you will use that money, and when investors can expect a return on investment .
Struggling for cash flow? Here are eight cash flow strategies for survival.
If you really want to master your financial plan, Jennifer Spaziano, vice president of business development at Accion, offers these helpful tips:
- Follow generally accepted accounting principles . As a rule, the financial part of your plan should follow the accounting principles set by the Federal Accounting Standards Advisory Board, especially if you’re creating the plan to obtain a loan or a line of credit.
- Get fluent in spreadsheets. Spreadsheets are the best and most accepted way to present financial information.
- Seek outside assistance. Obtaining advice from your financial planner or accountant can help you put the numbers together and present them properly. If you use an accountant and your financial statements have been audited, state that in the plan.
- Look up templates. If you want to attempt writing the financial section on your own, there are resources.
7. Operational plan
The operational plan section details the physical needs of your business. This section discusses the location of the business , as well as required equipment or critical facilities needed to make your products. Some companies – depending on their business type – may also need to detail their inventory needs, including information about suppliers. For manufacturing companies, all processing details are spelled out in the operational plan section.
For startups, you want to divide the operational plan into two distinct phases: the developmental plan and the production plan.
- Developmental plan: The developmental plan details each step in the process of bringing your product or service to market. You want to outline the risks and the protocols you’re taking to demonstrate to investors that you’ve examined all potential liabilities and that your business is well positioned for success. For instance, if workers (or your products) are exposed to toxic materials during the production process, in your developmental plan, you want to list the safety measures you will follow to minimize the risk of illness and injury to workers and consumers and how you plan to minimize any potential culpability to your business.
- Production plan: The production plan includes the day-to-day operation information, such as your business hours, the work site(s), company assets, equipment pieces, raw materials and any special requirements.
Free vs. paid business plan templates
You have your option of choosing between free and paid business templates. Both come with their own benefits and limitations, so the best one for you will depend on your specific needs and budget. Evaluating the pros and cons of each can help you decide.
The biggest advantage of using a free template is the cost savings it offers to your business. Startups are often strapped for cash, making it a desirable choice for new business owners to access a free template. Although it’s nice to use templates at no cost, there are some drawbacks to free business plan templates – the biggest one being limited customizability.
“The process of writing a business plan lets you personally find the kinks in your business and work them out,” Attiyya Atkins, founder of A+ Editing, told Business News Daily. “Starting with an online template is a good start, but it needs to be reviewed and targeted to your market. Downloadable business plans may have dated market prices, making the budget inaccurate. If you’re looking to get money from investors, you need a customized business plan with zero errors.”
Janil Jean, head of overseas operations at LogoDesign.net, agreed that free templates offer limited customization – such as the company name and some text. She added that they are often used by a ton of people, so if you use one to secure funds, investors might be tired of seeing that business plan format.
The benefit of paying for business plan templates – or paying for an expert to review your business plan – is the accuracy of information and high customization.
“Your audience gets thousands of applications per day. What’s to make your business plan stand out from the crowd when you’re not there in the room when they make the decisions about your enterprise?” Jean said. “Visuals are the best way to impress and get attention. It makes sense to get paid templates that allow you maximum customization through design, images and branding.”
On the contrary, the limitation to using a paid template is the cost. If your startup doesn’t have the funds to pay for a business plan template, it may not be a feasible option.
The best business plan software
In case you take the route of investing money in your business plan, there are several great software programs available. Software takes the legwork out of writing a business plan by simplifying the process and eliminating the need to start from scratch. They often include features like step-by-step wizards, templates, financial projection tools, charts and graphs, third-party application integrations, collaboration tools and video tutorials.
After researching and evaluating dozens of business plan software providers, we narrowed down these four of the best options available:
LivePlan is a cloud-hosted software application that provides many tools to create your business plan, including more than 500 templates, a one-page pitch builder, automatic financial statements, full financial forecasting , industry benchmark data and KPIs . Annual plans start at $15 per month.
Bizplan is cloud-hosted software that features a step-by-step builder to walk you through each section of the business plan. Annual plans start at $20.75 per month.
GoSmallBiz is a cloud-based service that offers industry-specific templates, a step-by-step wizard that makes creating a detailed business plan an easy one, and video tutorials. Monthly plans start at $15 per month.
Enloop focuses on financial projections. It provides you with everything you need to demonstrate how financially viable your business can be, and walks you through the process of generating financial forecasts. Annual plans start at $11 per month.
Common challenges of writing a business plan
The challenges of writing a business plan vary. Do you have all the information about your business that you need? Does your industry have strict guidelines that you must adhere to? To help you prepare, we identified 10 of the most common issues you may face:
- Getting started
- Identifying cash flow and financial projections
- Knowing your target market
- Being concise
- Making it interesting
- Establishing workable goals
- Being realistic about business growth
- Proving that your idea is worth the risk
- Finding the right amount of flexibility
- Creating a strategy that you can implement
Crafting a business plan around these 10 challenges can prepare your business – and anyone who joins it – for a prosperous future.
How to overcome the challenges of writing a business plan
Although you won’t accurately predict everything for your business, you can take preemptive steps to reduce the number of complications that may arise. For example, familiarize yourself with the business plan process by researching business plans and identifying how others successfully executed their plans.
You can use these plans as a basis; however, Rick Cottrell, CEO and founder of BizResults.com, recommends taking it one step further: Talk to small business owners and others who have experience.
“The business owner should talk to an accountant, banker, and those who deal with these plans on a daily basis and learn how others have done it,” Cottrell said. “They can join startup and investment groups, and speak to peers and others who are getting ready to launch a business, and gain insights from them. They can seek out capital innovation clubs in their area and get additional expertise.”
If you research how to write a business plan and still don’t feel comfortable writing one, you can always hire a consultant to help you with the process.
“It is simply a time-consuming process that cannot be rushed,” Cottrell added. “Millions of dollars can be at stake and, in many cases, requires a high level of expertise that either needs to be learned or executed in conjunction with an experienced business consultant.”
Sean Peek, Jennifer Post, Chad Brooks, Howard Wen and Joshua Stowers contributed to the writing and reporting in this article. Source interviews were conducted for a previous version of this article and related articles.
Oxygen Plant Business Plan- An Idea to Be Initiated Promptly
When we decide to get into the business industry, our basic understanding behind choosing any business idea should depend on its market potential. In addition to this, considering the current demand for the product in the existing market is also relatively extremely important. Oxygen plant is industrial equipment that is used for generating pure oxygen for industrial and medical purposes. Additionally, due to the sudden and extreme outburst of the COVID-19 pandemic in the country, there is a huge demand for oxygen cylinders in various hospitals and also amongst the citizens. Therefore, choosing to do the Oxygen Plant Business is one of the highest profit-generating business ideas presently. Furthermore, an oxygen business cannot be set up, run smoothly, and established successfully without having a well-crafted oxygen plant business plan.
Hence, today in this blog, not only will we learn about setting up an Oxygen Plant Business, but we will also study the role and importance of the Oxygen Plant Business Plan.
So, let us begin now….
- All the budding entrepreneurs and new businesspersons who are looking forward to start the oxygen plant business must understand that this business requires a good amount of investment.
- In addition to this, using an Oxygen Plant Business Plan will surely help you in achieving success.
- Moreover, with the help of the oxygen plant business plan you will be able to increase the success ratio of your business.
- Along with this, setting up the oxygen plant business on the basis of the plan will also help in a lot more things that we will learn further in the blog.
In the News
- DRDO (Expanded as Defence Research and Development Organization) is providing innovative, homegrown technological assistance for the establishment of 500 medical oxygen plants in order to protect the lives of thousands of Corona patients who are losing their lives due to shortage of oxygen as well as storage cylinders.
- These oxygen plants will be established under PM CARES Fund. Production of 1,000 litres of oxygen will take place per minute by all the oxygen plants.
- In collaboration with IIT, Tirupati, an alumni team of the Indian School of Business, introduced an indigenous pressure swing adsorption oxygen plant in Hyderabad.
Why Choose Oxygen Plant Business Plan??
Given hereinafter are a few points that will help you in understanding the importance of the Oxygen Plant Business Plan-
- In the present time, people are facing numerous health issues and other related problems due to the life-threatening effects of the novel coronavirus.
- Also, it is seen around that every hospital, every clinic, and every ill or COVID patient is asking for the oxygen cylinder.
- Since the COVID-19 is a respiratory syndrome, it has been attacking people and causing breathing problems.
- Furthermore, the second wave of the COVID-19 pandemic is making every person ill, and this is the biggest reason for the massive demand for Oxygen Cylinders.
- Additionally, there is a huge shortage of oxygen cylinders in India everywhere, including hospitals.
- But you can still save the lives of numerous people by investing in the oxygen plant business.
- Besides, the oxygen plant business plan will also help in making huge profits out of the business idea.
How is Oxygen Plant Business Successful??
- To maintain life on earth, Oxygen is a biological requirement for human beings. Additionally, surviving without Oxygen is not possible.
- Furthermore, there are several gases in the atmosphere, out of which we absorb Oxygen.
- But, in the present and life-threatening situation caused due to the drastic outbreak of the novel coronavirus, any person who has asthma, diabetes, or any other breathing issues is facing a lot of problems.
- Therefore, doctors are using oxygen cylinders for all the suffering patients.
- This is the biggest reason behind the extensive and every time need for Oxygen Cylinders amongst people as well as hospitals.
- In addition to this, due to the daily rise in the COVID cases, there is a big shortage of oxygen cylinders and numerous people and hospitals are striving to get Oxygen.
- Hence, if you choose to start Oxygen Plant Business in such a critical situation, you can make a good profit out of it.
- Moreover, if you create a well-structured Oxygen Plant Business Plan and follow it while setting up your business, you would be able to implement every strategy successfully.
Risks Associated with Medical Oxygen Gas Cylinder Business
Due to the existing high pressure in the medical oxygen gas cylinder business, there is a major risk concerning the security of its transport. It must work by following a set of distinct norms. Thus, there is a possibility of risk involved in it.
In this manner, you are likely to reap a chance to make millions by commencing this form of business venture, but at the same time, you need to be cautious in this business and make wise moves. You must prepare a strategy concerning the risks associated with your business in the oxygen plant business plan.
Oxygen Plant Business Plan
While setting up a business plant, having an oxygen plant business plan helps you in the following: –
1- The basic requirement for setting up a business plant is to have a well-crafted business plan .
2- Additionally, the oxygen plant business plan should also consist of the ideas that you want to implement.
3- It should have details of the location for your business along with the investment details.
Manufacturing Unit of Oxygen Plant
1- Intending to set up the Oxygen Plant to manufacture the Oxygen Cylinders, you are required to contact its manufacturer.
2- The manufactures of the oxygen cylinders will help you with all the information about the process of oxygen manufacturing and also the steps of cylinder filling.
3- Once you receive all this information, you can start your Oxygen Plant Business easily.
Oxygen Plant Business Plan: Business Equipment
- While you plan to set up the Oxygen Plant Business, you also need to understand the logistics of the oxygen plant business.
- Moreover, you should also be aware of the machinery and equipment that is used in setting up the Oxygen Plant.
- In addition to this, there are several oxygen concentrations available in the market.
- Furthermore, the Oxygen Plant Business also requires some additional equipment.
The equipment used for setting up the oxygen plant business is mentioned in the infographic given below: –
Additionally, your oxygen plant business plan will also help you in deciding that what all elements you want to keep in the oxygen supplying the part.
How to start the Oxygen Plant Business??
1- The oxygen gas that is filled in the oxygen cylinder is totally pure. In addition to this, the medical-grade oxygen accumulates above 85% and below a certain percentage of impurities.
2- Therefore, if you are planning to start the Oxygen Plant Business, then you must understand that the oxygen plant and the oxygen cylinder does not contain any chemical elements or other toxins.
3- The oxygen is needed to be completely clean from pollution.
4- Maintaining a purity check is a necessity as these oxygen cylinders will be used by patients and hospitals.
5- Additionally, you are also required to review all the rules regarding oxygen supply and cylinder handling.
Crucial Aspects concerning Oxygen Plant Business Plan
- It’s an undeniable fact that the oxygen business will turn out to be highly fruitful if you are properly sticking to the basics of the market.
- Firstly, your oxygen plant business plan should hold a feasibility study of the area in which you want to establish your oxygen business.
- Moreover, it is also crucial to understand government regulations, the investment required to establish oxygen plant, ongoing trends in the market, etc.
- After becoming familiar with the current market condition and government regulations, you will easily commence your plant business.
- Once you have prepared your oxygen plant business plan for the oxygen business, it is time to go for the implementation part.
- Now you need to liaise with major hospitals in your region to render them oxygen cylinders encompassing medical oxygen.
- The hospitals are likely to be your constant clients if you can convince them to take oxygen supplies from you.
Transportation of Oxygen Cylinder
1- In a business like the Oxygen Plant Business, ensuring safety is extremely important. Additionally, it is also good for the medical use of oxygen cylinders.
2- Hence, giving special attention to its transportation is highly important.
3- Along with this, the pressure in the oxygen cylinder is very high, due to which the pressure of the tank can be up to 3 thousand PSI for personal or transportable use.
4- Hence, it requires special attention and also a safety protocol is to be followed while handling it.
5- Furthermore, while planning to transport the oxygen cylinders, you are required to ensure that your truck works safely to prevent the oxygen cylinders from colliding.
For transporting the oxygen cylinders, it is an essential requirement to review the Department of Occupational Safety and Health Administration and Transport Standards. In addition to this, you are also needed to ensure all the qualifications.
Moreover, not only will this help you with the transportation of the oxygen cylinders, but it will also help you with all the standards that you have to meet for storage and production.
Oxygen Plant Business Plan: Licenses and Registration
To set up this business and run it smoothly, you are required to obtain the following: –
- You are required to take permission from the local board for your business entity location.
- Except for this, you are also required to check the incorporation laws of your state to understand how to start this new business properly and legally and to register.
Investment in this Business
- The Oxygen Plant Business is a kind of big plant. To start with this business, you need a lot of capital. Additionally, you are required to invest a minimum of ₹10 to ₹20 lakhs.
- But there can be a need for more investment, and to meet that, you can apply for business loans.
Role of Aatmnirbhar Sena
Aatmnirbhar Sena is an organization that serves wholeheartedly for the well-being of our country and its citizens. Our volunteers always remain engaged in arranging awareness camps for the children, youth, and women of our country. Furthermore, Aatmnirbhar Sena also works to create awareness about the government schemes.
Due to the unforeseen outbreak of the deadly COVID-19 pandemic, the demand for oxygen has increased extensively among the people and hospitals. Therefore, setting up the Oxygen Plant Business will also help you achieve success. It will also help you serve lakhs of people who are suffering due to scarcity of oxygen. In addition to this, to achieve success in any business, it is extremely important to have a business plan. The Oxygen Plant Business Plan will help you in studying all the aspects of the business in detail. Moreover, the market for selling oxygen cylinders is huge in the present scenario. Except for this, the major reason behind the massive success and great profit in the Oxygen Plant Business is the huge need for it.
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Oxygen Plant Business Plan
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Products & services, market analysis, marketing plan.
- Management Plan
- Financial Plan
OxyBest Solutions seeks to address the need for a reliable and convenient supplier of renewable atmospheric oxygen in the Tampa, Florida area and its surrounding areas. Currently, there is no single supplier that meets the demand of medical, industrial, agricultural and residential customers. OxyBest Solutions aims to be the premier supplier of renewable atmospheric oxygen in the Tampa area, providing oxygen in an efficient, safe and convenient manner, while also reducing its environmental impact.
OxyBest Solutions is offering a solution that will bring the highest quality renewable atmospheric oxygen to the Tampa, Florida area. Our goal is to provide our customers with a convenient, safe and reliable oxygen supply, while reducing the environmental impact of our operations by using green energy sources and incorporating sustainable practices. We plan to become the leader supplier of renewable atmospheric oxygen in the Tampa area by investing $2.5 million in venture capital, building the oxygen factory and hiring necessary staff. We will also apply for a line of credit to cover any short term needs. By providing our customers with the highest quality atmospheric oxygen, OxyBest Solutions strives to meet the needs of a variety of markets while contributing to the global effort of creating a more sustainable future.
OxyBest Solutions targets customers in the medical, industrial, agricultural and residential sectors within the Tampa area. We conducted market research and identified defined customer bases that have the needs that our oxygen plant can fulfill. Our medical customers include local hospitals, clinics and medical research facilities who utilize oxygen for various medical purposes. Our industrial customers include areas such as welding, glass blowing and metalworking that require the use of oxygen. Agricultural customers comprise of local growers who use oxygen to enhance plant growth. Finally, our residential customers include homeowners, landlords and institutions that require oxygen in all their areas. We intend to utilize our products and services to satisfy these customers' needs and to build a strong base of loyal customers.
OxyBest Solutions is positioned to become a leader supplier of renewable atmospheric oxygen in the Tampa area. However, the company will be competing against other suppliers in the renewable oxygen industry. OxyBest's competitors are local and national suppliers of bottled oxygen and medical oxygen tanks, as well as other suppliers of rental and leasing services for oxygen products. OxyBest must ensure that its services and pricing remain competitive in order to gain a strong hold in the industry. Furthermore, OxyBest must be mindful of any emerging technologies or services that can provide a more efficient or cost-effective means of delivering oxygen to its customers. By closely monitoring the competition and providing the necessary services and pricing, OxyBest Solutions is positioned to be a major player in the Tampa area's renewable oxygen market.
OxyBest Solutions is a startup aiming to provide renewable atmospheric oxygen in Tampa, Florida and its surrounding areas. OxyBest plans to raise $2.5 million in venture capital for its startup year of 2023 to build its oxygen factory, subsidize operating costs, and hire necessary staff. The following are key highlights of OxyBest's financial plan:
- Total initial capital: $2.5 million
- Expected capital costs: Start-up expenses, operating costs, legal fees, marketing and advertising costs, etc.
- Anticipated sales: Projected sales based on customer demand in the Tampa area.
- Expected profitability: OxyBest will focus on cost-efficiency, maximizing profit margins continuously over time.
OxyBest Solutions requires an initial investment of $2.5 million to start operations in 2023. This capital will be used to:
- Build the oxygen factory
- Subsidize operating costs
- Hire necessary staff
Additionally, OxyBest Solutions is seeking to establish a line of credit to cover any short-term needs of the business.
Milestones and Traction
OxyBest Solutions is well underway with a comprehensive roadmap to hit its milestones within its startup year of 2023. Our goal is to have the oxygen factory up and running within the first 6 months of startup, and to begin selling oxygen to our clients by the end of the 12 month period. In addition, the venture capital funds will be used to hire the necessary staff, subsidize operating costs, and for any other associated costs of running the business.
We have established relationships with major suppliers of oxygen, and have applied for a line of credit to cover any short-term needs. In order to track our progress to our goals, we plan to create a periodic “Traction Table” to track our market penetration, customer acquisition, and other metrics.
Problem Worth Solving
Renewable atmospheric oxygen is an essential element for human life and sustainability, yet its availability in the greater Tampa area is still relatively low. OxyBest Solutions plans to fill this supply gap by providing renewable oxygen to its clients in Tampa, Florida and its surrounding areas. OxyBest will provide an alternative for those seeking oxygen for medical, industrial, agricultural, and residential purposes. As a startup, OxyBest will be unique in its commitment to sustainability, sourcing green energy sources and incorporating sustainable practices into its operations. OxyBest will also prioritize convenience, safety, and reliability, ensuring that its customers have the oxygen they need when they need it.
OxyBest Solutions' solution to the need for renewable atmospheric oxygen in the Tampa area is to provide premium quality oxygen produced in our oxygen factory. Our goal is to deliver oxygen to our customers conveniently and reliably, without compromising on safety. The oxygen factory that OxyBest intends to build and operate will utilize green energy sources, such as solar and wind energy, to reduce its environmental impact. The factory will be able to produce a sufficient amount of oxygen to meet the needs of our customers, ranging from the medical, industrial, agricultural and residential sectors. Additionally, our oxygen plant will strive to maintain optimal safety measures to ensure that the oxygen produced meets the highest of standards.
In order to reach our financial and funding goals of raising $2.5 million in venture capital, OxyBest Solutions is well prepared with projections for the oxygen factory operations and potential subsidies for the startup year of 2023. We are also confident that the business plan outlined in our oxygen plant business plan is comprehensive, feasible and stands out in the market. Lastly, we have applied for a line of credit to provide the necessary funds for any short term needs.
Validation of Problem and Solution
According to the U.S. Environmental Protection Agency, average atmospheric oxygen concentration levels have been in decline by as much as four percent since the 1960s. Oxygen scarcity is a growing concern, with Tampa and its surrounding areas being particularly affected. As a result, OxyBest Solutions seeks to provide a solution to this present demand by offering renewable atmospheric oxygen to multiple markets in the Tampa area.
OxyBest’s proposed solution has been validated by multiple studies, including one conducted by the Florida State Air Quality Agency, which found that the majority of Tampa’s surrounding areas were at risk of oxygen scarcity due to increasing pollution levels. In addition, OxyBest has conducted pilot studies that demonstrated the viability and convenience of their oxygen delivery process.
These findings further demonstrate the need for OxyBest Solutions, whose goals are focused on delivering oxygen conveniently, safely and reliably, while reducing the environmental impact of its operations through green energy sources and sustainable practices.
OxyBest Solutions provides renewable atmospheric oxygen to clients located in Tampa, Florida, and its surrounding areas. Our oxygen is an essential element for human life and sustainability and is used for multiple markets including medical, industrial, agricultural, and residential customers. In addition to providing renewable atmospheric oxygen, OxyBest also seeks to reduce the environmental impact of its operations by utilizing green energy sources, incorporating sustainable practices, and delivering oxygen safely, conveniently, and reliably.
By investing in OxyBest Solutions, clients can benefit from our environmentally friendly oxygen production coupled with our convenient delivery system. Furthermore, all of our production and delivery operations conform to the highest safety standards in the industry. With our unique combination of advanced technology, experience, and customer service, OxyBest Solutions will position itself as the leader of renewable atmospheric oxygen in the Tampa area.
The Tampa area has a few existing suppliers of atmospheric oxygen, but OxyBest Solutions differentiates itself from its competitors by providing renewable oxygen from green energy sources. Given the growing demand for green energy and renewable atmospheric oxygen, OxyBest Solutions is well-positioned to capitalize on the trend. Our superior quality of oxygen, reliable delivery and cost-effectiveness will give us a competitive edge in the market.
We are also keeping a close eye on the development of other renewable and green energy oxygen plants in the area. By regularly tracking technological advances in the industry, OxyBest Solutions will be able to maintain a leading position in the market. We anticipate our competitors will transition to renewable sources of energy, which will further separate us from our rivals.
Roadmap: Products & Services
The OxyBest Solutions team has already taken the steps needed to bring our oxygen plant startup to life. We have established our business operations in Tampa, Florida and created a detailed plan of action for providing renewable atmospheric oxygen to our clients. These steps have enabled us to develop a roadmap for OxyBest Solutions products and services.
Our roadmap consists of 5 essential stages:
- Research & Development: OxyBest Solutions has conducted extensive research into the oxygen production industry, along with its services and larger market. Through this research, we have identified our target markets and clients to best serve.
- Planning & strategizing: Our team has outlined solutions to provide oxygen in a convenient, safe and reliable manner while reducing our environmental impact. This plan will serve as our guide to implementing our services.
- Build Oxygen Factory: With the venture capital necessary to build the oxygen plant, our team will begin construction of the facility and initiate necessary operations.
- Supporting resources: We will purchase the necessary equipment and materials for producing and supplying oxygen to our clients. We will also apply for a line of credit to subsidize operating costs and hire the necessary staff.
- Launching & monitoring: The OxyBest Solutions team will launch the oxygen plant startup and monitor its progress throughout the Tampa area. Additionally, we will evaluate the effectiveness of our services and incorporate customer feedback into the solutions we provide.
Our roadmap is comprehensive and adaptive, allowing our team to grow OxyBest Solutions and provide renewable atmospheric oxygen for multiple markets in Tampa and its surrounding areas. As we continue to strive to become the leader supplier of renewable atmospheric oxygen in the area, we are confident that our plan of action is the best way to do so.
When performing market analysis for an oxygen plant business plan, it is important to accurately identify the potential customer groups and understand the needs and preferences of each of these groups. Market segmentation is a process of dividing a large group of potential customers into smaller groups of individuals with similar needs in order to meet their specific requirements. Typically, those groups of customers can be identified based on certain characteristics such as consumer income, age, ethnicity, or even lifestyle. As this oxygen plant business plan endeavours to be as effective as possible, a clear segmentation of the market is necessary. To that end, the following table outlines the likely customer groups that the oxygen plant should focus its marketing efforts on.
The table above draws attention to the various characteristics of the potential customer groups for the oxygen plant. Depending on the specific needs, preferences, and the size of each market segment, the oxygen plant should tailor its services to reach the right customers.
Target Market Segment Strategy
Our target market is local business owners and residential customers who are looking for an efficient and reliable source of oxygen. As a new oxygen plant, we recognize the importance of focusing our efforts on the most likely customer segment that stands to benefit the most from our business. This market segment would include small businesses, clubs and leisure centers, schools and universities, hospitals, fitness centers and other healthcare providers, indoor farms and greenhouses, and any other business or individual customers who require oxygen on a regular basis.
We plan on offering attractive discounts and other promotional activities in order to target this specific market segment. We look forward to building relationships with our customers, as they are essential in ensuring and contributing to the long-term success of our oxygen plant.
Our key customer archetype for the oxygen plant business plan is a business or organization with high demand for oxygen. This could include large-scale industrial production companies, medical labs, and other relevant industries. Medical clinics, hospitals, and other healthcare organizations that use oxygen supplementation could also fall within our key customer base.
In order to maximize our success with this key customer archetype, we must be able to provide them with a steady supply of oxygen that meets their demand. Additionally, we must provide a reliable and efficient delivery system to get the oxygen to them in a timely manner.
We must also be able to provide our key customers with competitive prices and excellent customer service, as well as the ability to meet their individual needs. Ultimately, our goal is to create and sustain lasting relationships with our key customers by providing them with comprehensive solutions and quality products.
A snapshot of the potential market for an oxygen plant based on the last few sections reveals a steady and promising growth. The medical industry is set to experience a surge in demand due to the aging population and rising health care costs. Other applications of oxygen also hold great potential, such as industrial production, materials processing, and even energy production.
Moreover, with the deployment of renewable energy sources, such as solar and wind, production processes requiring oxygen are becoming increasingly integrated into the global energy market. The demand for a reliable supply of oxygen will only grow as renewable energy sources become mainstream, and an oxygen plant business can leverage the resources and technologies it has to capitalize on this growing market.
With the right strategic planning, any oxygen plant business can become a part of this rapidly changing market, providing essential services for both medical and industrial customers. By taking advantage of innovative technologies and process engineering approaches, an oxygen plant business can create scalable and profitable solutions to meet the needs of a growing number of customers.
Potential competitors for our hypothetical oxygen plant business plan are listed in the table below. Each of these competitors provides a similar product or service, but their respective offerings and market share vary.
Marketing and Sales Plan
Our marketing and advertising strategy is multi-channel and aimed at gaining widespread recognition of our oxygen plant in the target markets. This strategy will employ a combination of effective channels, well-defined goals, and a reasonable budget. Following is an outline of our marketing and advertising strategy.
Channels: Our marketing channels are a mix of digital and traditional. We will utilize a wide variety of platforms, including our own website, search engine optimization, social media, email campaigns, radio and television advertising, industry publications, and trade shows.
Budget: We have allocated a budget of $100,000 for our marketing and advertising efforts. This includes costs for developing and implementing campaigns, creating ads, and buying airtime or space in various publications and outlets.
Goals: Our marketing and advertising efforts will be measured by the following goals:
- Increase our brand awareness within the target markets by at least 10% each month.
- Generate at least 10,000 website visits and 2,000 leads in the first 6 months of operation.
- Generate revenue of over $1 million in the first year of operations.
- Receive at least 3,000 social media followers within the first 6 months of operation.
Strategy: In order to reach our goals, we will pursue a combination of creative campaigns and long-term strategies, such as creating content for our website and social media, collaborating with influencers and others in our industry, and producing creative ads for radio and television.
OxyBest Solutions anticipates making approximately 50 sales transactions in our first year of operations, 2023. This estimation is based on market conditions, as well as our pricing and capacity strategies. According to market research, our main competitors in Tampa and the surrounding area produce about 30 oxygen sales per year. Our goal is to exceed their number by 20%. We are confident that this can be achieved through our competitive pricing, timely delivery, and professional customer service.
We will employ several strategies to reach our sales goals. This will include leveraging our strong reputation, investing in marketing efforts, and collaborating with existing industry contacts and partners. Additionally, we plan to have a comprehensive digital presence and utilize search engine optimization campaigns to reach wider audiences in the local market.
Location and Facilities
OxyBest Solutions is headquartered in Tampa, Florida and has planned to build a state of the art oxygen plant on its premises. The facility is well-positioned to serve the markets located in Tampa and its surrounding areas. The OxyBest facility will be operational in 2023 and will cover around 8000 square feet of space. The facility will be leased at a total cost of $8,000 per month. In order to make sure that OxyBest will maintain a safe and clean working environment, the company will adhere to federal and state regulations and industry-standard best practices.
The OxyBest facility will consist of oxygen production, storage, and delivery areas, along with offices and other support functions. Additionally, our facility will possess a fully stocked supply room and maintenance room to ensure that our operations can run smoothly and efficiently. All OxyBest employees will be issued personal protective equipment (PPE) and will adhere to safety protocols at all times.
OxyBest Solutions will utilize the latest in oxygen production technology for optimal performance and safety. Our oxygen production technology is based on an advanced method that separates nitrogen from air by using a process of adsorption and absorption. Our oxygen plant will utilize an adsorber technology that maximizes energy efficiency, reduces operating costs and minimizes environmental impact. Additionally, our plant will incorporate sensors, monitoring, and control systems to ensure consistent oxygen delivery and our customers’ safety.
OxyBest Solutions will employ an innovative fleet management system that utilizes GPS to monitor and control our delivery vehicles. The system will keep track of our delivery trucks' route and driving habits, ensuring that our oxygen is transported safely and efficiently to its destination. We will also deploy solar panels on our delivery vehicles to help offset refueling costs.
Our oxygen is packaged in advanced containers that provide a secure seal, leak resistance, and maximum safety upon delivery. We are committed to offering our customers the latest in reliable and efficient oxygen technology, allowing them to focus on their core operations.
Equipment and Tools
The following outlines the equipment and tools we will need to purchase or rent to maintain and run the oxygen plant:
Depending on the scope and size of the business plan, there may be additional equipment or tools that may be needed to operate and maintain the plant, such as safety gear, specialized lifts, and more expensive generators. The total cost for all of the associated equipment and tools will be between $40,000 - $57,500.
Management and Organization
The organizational structure of our oxygen plant business plan is designed to run and manage the business efficiently. In order to maximize operational effectiveness, the organization follows a hierarchical structure with a clear division of roles and responsibilities, and an emphasis on the flow and communication of information. A summary of the structure is presented below in a table layout.
The organizational structure of our oxygen plant is designed to ensure clear channels of communication and effective flow of information between the different roles and departments. This will enable our business to run smoothly and efficiently, and will be an essential component of achieving our desired outcomes.
The management and organization of our oxygen plant business plan is expected to be conducted by a highly capable management team. We anticipate recruiting a strong and accomplished team of professionals to help us build and lead our organization. The table below is a list of prospective high-level management roles for our oxygen plant business.
In addition to these high-level roles, we will also require several additional key personnel to help manage the operations of our oxygen plant. These individuals will be determined following the establishment of our management team.
Management Team Gaps
The management and organization of the oxygen plant business plan is an essential component of the overall business plan. Currently, our team consists of 10 experts in diverse areas of expertise, including engineering, finance, and marketing.
At the moment, however, our team is incomplete. We currently lack individuals in important positions such as operations, human resources, IT, procurement, and general management. Moreover, we do not have any candidates ready to fill those roles.
To supplement our lack of expertise, we are actively seeking to hire qualified candidates who have the appropriate knowledge and experience to fill any crucial vacancies. Our recruitment team is working hard to track down the right candidates for the remaining positions.
The successful operation of our Oxygen Plant business plan rests on having a team of highly skilled and motivated personnel. Our personnel plan outlines the positions we expect to require in order to run our business effectively. A brief overview of these positions is provided in the following table:
In addition to the positions outlined in the table, we will also require additional personnel for general administrative and customer service roles.
Company History and Ownership
OxyBest Solutions is an oxygen plant startup that was founded in the spring of 2023 by a dedicated group of investors and entrepreneurs looking to provide renewable atmospheric oxygen to the Tampa, Florida area. OxyBest's founders come from an array of backgrounds, ranging from medical and engineering to business management and economics. Their combined expertise forms the cornerstone of the company's mission and goals, as well as the driving force behind its progress.
The founders of OxyBest have a commitment to sustainability and reducing the environmental impact of their operations. Their dedication motivated them to use green energy sources and to incorporate sustainable practices in their day-to-day operations. OxyBest is also focused on building a safe and reliable oxygen distribution network capable of supplying oxygen to medical, industrial, agricultural, and residential customers.
OxyBest is led by an experienced management team which is focused on achieving the company’s financial and funding goals of raising $2.5 million in venture capital by the startup year of 2023. The capital will be used to build the oxygen factory, subsidize operating costs, and hire the necessary staff. The team also intends to apply for a line of credit to cover any short-term needs.
OxyBest Solutions is committed to meeting ambitious yet achievable goals and milestones. Below is our roadmap of specific goals and objectives we plan to accomplish, which will help guide our operations.
- Establish and register OxyBest Solutions in 2023
- Secure startup funding of $2.5 million in venture capital during the startup year
- Construct oxygen factory by the first quarter of 2024
- Hire a team of technical and operational staff by the second quarter of 2024
- Begin distribution of renewable atmospheric oxygen in the third quarter of 2024
- Achieve sales revenue of $10 million by 2025
- Become the leading supplier of renewable atmospheric oxygen in Tampa by 2026
OxyBest Solutions is committed to achieving these milestones and remains confident in our ability to do so.
In order to effectively track the success and growth of the oxygen plant, key performance indicators (KPIs) need to be in place. These performance metrics will focus on efficiency gains, cost savings, customer satisfaction levels, and new products created. The KPIs will provide an accurate diagnostic of the company's overall performance and health.
The metrics used to evaluate the success of the oxygen plant will help identify areas where improvements can be made. Cost reduction and process efficiency gain opportunities will be measured in order to bench mark progress and make improvements where possible. Regular customer surveys will be conducted to measure customer satisfaction levels while receiving our oxygen products.
In addition to efficiency and customer satisfaction levels, the oxygen plant will also measure the effectiveness of new product launches and the overall financial performance. These KPIs will allow the company to accurately track the growth of the oxygen plant and make informed decisions that will help the business remain successful.
Financial Plan and Metrics
OxyBest Solutions will be engaging in sales activities once the oxygen plant is built and operational. This section of the business plan focuses on the projected sales of renewable atmospheric oxygen for the first three years of operations.
The table below shows the projected sales generated from each of OxyBest Solutions' four target markets for the first three years of operations:
The estimated sales figures assume that OxyBest Solutions will be successful in achieving its goals and objectives and that no significant changes in market dynamics or changes in regulations occur.
The expenses associated with the establishment and operation of the oxygen plant are separated into startup costs and operational expenses. In the tables below, each cost item is listed with a description and a cost estimate.
Operational expenses, projected profit and loss.
At OxyBest Solutions, we strive to become the leader supplier of renewable atmospheric oxygen in the Tampa area. To achieve our financial and funding goals, we have created an optimized profit and loss statement that outlines our projected revenue, cost of goods sold (COGS), gross margin, gross margin percentage, expenses and profits for the next three years. This table will help us better track our progress and ensure that we are on a path to success.
OxyBest Solutions is confident our company is well-positioned to achieve our desired goals through careful financial planning and affordable pricing. We are dedicated to providing our customers with reliable renewable atmospheric oxygen and reducing the environmental impact of our operations to the community.
Projected Cash Flow
Below is a 3-year projected cash flow statement for OxyBest Solutions. It outlines the Inflow, Outflow, Net Cash Flow, and Cumulative Net Cash Flow of the oxygen plant business.
As OxyBest Solutions applies for a line of credit to cover any short-term needs, the cash initially coming into the business would be the capital raised from the venture capital investors (amounting to $2.5 million). The cash outflow would initially consist of the costs involved in building the oxygen factory and hiring the necessary staff. As the business grows, recurring operating costs such as rent, salaries, contracts, etc. will also begin to contribute to the cash flow.
Projected Balance Sheet
The following table presents the projected balance sheet for the Oxygen Plant business plan. The corresponding balance sheet expresses our expected balances for business assets, liabilities, and equity for a three-year period starting from the fiscal year 2020-2021.
Employees are a key part of any successful business. In order to ensure our oxygen plant runs smoothly and meets our financial goals, we must have an effective personnel plan in place. Our personnel plan outlines how and who we intend to hire, what compensation we will provide, and how employees will fit into our business operations.
We plan to hire eight full-time employees: a Plant Manager, Plant Engineer, Plant Technician, Plant Safety Officer, Lab Manager, Lab Analyst, and two Lab Technicians. Each position will have a competitive salary tailored to the local market and will also include health benefits and vacation time.
The Plant Manager and Plant Engineer will be tasked with running daily operations, while the Plant Technician, Plant Safety Officer and Lab Manager will work to ensure that the plant is running safely and efficiently. The two Lab Analysts and Lab Technicians will provide support to the Lab Manager and ensure that plant operations adhere to the necessary quality standards.
By carefully recruiting and managing our team of full-time employees, we will be able to maximize efficiency, safety and quality, allowing us to successfully meet our financial goals. As work demands increase, we have the option to hire additional part-time employees to supplement our existing workforce.
Use of Funds
OxyBest Solutions plans to use the $2.5 million in venture capital raised during the startup year of 2023 for the following: building the necessary oxygen factory, subsidizing operating costs, hiring the necessary staff and securing a line of credit for any short-term needs. Additionally, OxyBest plans to utilize green energy sources and incorporate sustainable practices into its daily operations.
The capital raised will help OxyBest meet its goal of becoming the leader of renewable atmospheric oxygen supplier in the Tampa area. OxyBest will also be able to provide oxygen solutions to its customers in a safe, reliable and convenient manner. With the funds, OxyBest will be able to reduce the environmental impact of its operations while providing sufficient oxygen to the Tampa area and its surrounding areas.
Given the substantial infrastructure and resources required for our oxygen plant business, exiting from the business may prove difficult. However, our long term plan for exiting the business in the future includes the idea of merging with or being acquired by another business that is already operating in the same industry, or selling the business to a third party. With the goal of maximising our success on exit, we will seek out potential buyers and try to realise the maximum value and opportunities of our business.
We would like to continue the long-term success of our business, which may include passing it on to a family member, an employee, or another related company. The decision to enter into succession planning will be taken with due care and understanding of the implications for the business and all stakeholders.
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Business plan for opening oxygen production plant
When people talk about “making money from oxygen” we all mostly think about some illegal business. But it’s only in that case if we think metaphorically. In the literal sense of the phrase that is to make money by extracting the most important component from the air – oxygen, it is quite a respectable and profitable business.
Many think that oxygen production serves only to several specific industries such as metallurgy and chemistry industries but it is not entirely true.
Indeed, 8 of 10 liters of industrial production of oxygen is used in abovementioned industries yet 1/5 th is used in other ones, such as:
- medicine and recreation;
- metals welding and cutting;
- water treatment;
- fishery in industrial scales (in artificial basins).
Oxygen is the most important element of life in general and industry in particular.
Bizplan.uz team has developed this business plan according to PKM 110 (ПКМ 110) requirements and UNIDO recommendations .
The goal of our team was to forecast financial activity within 8 years taking into account project profitability and to help authorities and investors to understand if this business can provide necessary cash flow and income.
In order to decide if you’d like to start your own business in the sphere, we offer you to have a look at cash flow report and contents of the business plan.
If you’d like to get further information, please contact us via phone numbers provided on the website or by e-mail .
Contents of Business plan for opening oxygen production plant
1. Aim of the project
2.1. Company details, status, structure
2.2. Market position, current business affairs and reputation
2.3. Legal aspect of company establishment
2.4. Existing and forecasted potential
2.5. Economic and financial indicators
3. Project strategy
4. Market and marketing concept
4.1. Supply and demand
4.1.1. Market structure and features. Product features and market competitiveness
4.1.2. Existing demand, major factors and indicators showing grows
4.2. Marketing concept, sales forecast
4.2.1. Markets location and segmentation
4.2.2. Sales program
5. Material resources
5.1. Raw materials and components classification
5.1.1. Product quality and preparation methods requirements, correspondence of local raw materials with technological requirements.
5.2. Current section expenditures evaluation
6. Location of the project
6.1. Features of the chosen area
6.1.1. Evaluation of industrial and social infrastructure
7. Design and technology
7.1.1. Justification of technology and equipment choice, technological process scheme, advantages and disadvantages, equipment safety and supplier warranty
8. Production establishment and overhead expenses
8.1. Project cost
8.2. Overhead expenses (overall plant, administrative)
9. Labour resources
9.1. Necessity in and availability of labour resources, staff requirements, necessity and organization of study cources
9.2. Evaluation of category costs
10. Financial valuation of project
10.1. Profit-and-loss report
10.2. Cash flow statement
10.3. Risks and ambiguity aspects
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Oxygen gas producing plant,.
International Journal of Hydrogen Energy
Mehmet F Orhan
IOSR Journals publish within 3 days
Oil and gas plant is a chaotic web of equipment, piping, buildings e.t.c. The costing of this plant means costing of the processing machines, equipment, pipes etc and other electro-mechanical components including buildings and civil works infrastructure which form the basis of procurement and management of the fluid process. This study reviews the basic considerations, activities and appropriate steps for estimating oil and gas projects. It identified the aloofness of the oil industry and inadequate cost management practices for the sector which controls the commanding height of the Nigerian economy. It recommends among others that Quantity surveyors as the country’s construction cost ‘watchdog’ should in liaison with other professionals exercise effective cost management of process projects as is done by cost engineers abroad to ensure sustainable growth of the Nigerian economy.
August Bonmatí , Albert Magrí
The objective of this technical report is to assess the economic feasibility and environmental performance of the most common techniques for both large and small scale installations for processing of livestock manure. The findings and conclusions are to a large degree based on seven case studies, i.e. commercially operating livestock manure processing plants, which were carefully selected so that they make a good representation of sizes, locations, ownership structures and technological configurations of current livestock manure processing plants in EU. On basis of these seven case studies, this report suggests that there is a huge variation in economic and environmental performance of livestock manure processing plants, and that the individual farmer or the individual plant chooses the most feasible and cheap technology configuration for processing of livestock manure, depending on the surplus of nitrogen in the area, combined with regional framework conditions and other matters of...
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Oxygen Plant Business Plan Financial Model Excel Template
Order Your Oxygen Plant Financial Projection. Allows you to start planning with no fuss and maximum of help Five-year Oxygen Plant Financial Projection Template Excel for startups and entrepreneurs to impress investors and get funded. Key financial charts, summaries, metrics, and funding forecasts built-in. Created with the mind of the Oxygen Plant business. Oxygen Plant Financial Model In Excel helps to estimate required startup costs. Unlocked – edit all – last updated in Sep 2020. Use a robust and proven Oxygen Plant Five Year Financial Projection Template based on years of experience at an affordable price. This Oxygen Plant Financial Model template has a one-off payment and absolutely no hidden fees or monthly payments.
OXYGEN PLANT FINANCIAL PROJECTION TEMPLATE KEY FEATURES
Identify cash gaps and surpluses before they happen. Forecasting your future cash balance helps you see well in advance when you may have a cash deficit that could hurt your business. Cash Flow Pro Forma will give you enough time to take action to prevent a crisis. It will enable you to access better loan rates or speed up incoming payment to bridge the gap. On the other side, if you know ahead of time that the large lump of cash will lay in your bank account within the next three months. In this case, you might need to explore options to reinvest it in your business to drive growth.
Avoid Cash Flow Shortfalls Unexpected Projected Cash Flow Statement Format shortfalls can cause significant damage to your business, and it may take months to recover. Negative Cash Flow can appear if you don’t continuously track the incoming cash and outgoing of your business. Fortunately, you can solve Projected Cash Flow Statement Format shortfalls with a bit of effort. Forecasting your Projected Cash Flow Statement will help you identify — and plan for — market fluctuations, sales seasonality, and other cases that can lead to unpredictable Cash Flow Pro Forma. Statement Of Cash Flows can even help you visualize Cash Flow Statement trends with the help of automatically generated charts and graphs.
Investors ready Print ready (including a Statement Of Profit And Loss Proforma, a Cashflow Forecast, a balance sheet, and a complete set of financial ratios).
Simple and Incredibly Practical Simple-to-use yet very sophisticated Oxygen Plant Cashflow Projection. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results.
Convince investors and lenders Enhance your pitches and impress potential financiers with a Pro Forma delivering the right information and expected financial and operational metrics. Facilitate your negotiations with investors for successful funding. Raise money more quickly and refocus on your core business.
Update anytime With Financial Projection Excel you can easily adjust inputs at the launch stage and throughout the further activities of your store to refine your forecast.
REPORTS and INPUTS
Top Revenue At the point when the organization’s administration starts to make a Startup Financial Model, revenue is the most urgent part in the 3 Way Forecast. Revenue is one of the fundamental drivers of the venture’s value in the Cash Flow Proforma. That is the reason financial examiners should give unique consideration to planning and concocting the best strategy to approach modeling future revenue streams. Revenue gauges ought to likewise have assumptions about the growth rate dependent on recorded financial information. Clients can discover all the segments of savvy financial planning of the revenue streams in our Oxygen Plant Budget Spreadsheet.
Cap Table The Cap table in our Oxygen Plant Three Statement Financial Model Template is integrated into the cash flows. It maps the funding rounds to the financial instruments, such as equity or convertible notes. The Cap table also shows the impact of the company’s decisions on share ownership and dilution.
Burn and Runway Our Oxygen Plant Financial Model Excel Spreadsheet automatically creates cash runway and cash burn analysis based on the forecasted revenues and expenses that, in their turn, show net loss, net profit, cash on hand, and Break Even Point Excel. You can also forecast funding requirements using a set of parameters around funding (e.g., equity, debt, grants) and expected runway to raise (for example, 18 months of forecasted expenses).
Liquidity KPIs Working Capital. The working capital in the Financial Projection financial metric reflects the money you need for short-term operations. Working capital shows the difference between current assets and current liabilities.
Benchmarks 3 Way Forecast Model benchmark tab registers the association’s key performance markers, either business or financial, and finds an industry-wide average as a connection. The business average estimations are then used to choose the relative value for benchmarking analysis.
Financial benchmarks are crucial for the financial planning of the associations, especially for start-ups. These assessments help associations with choosing the ‘best practice’ associations inside the business and differentiation their own financial results and these endorsed procedures. It is a significant financial and strategic organization gadget.
CAPEX Capital expenditure (or CapEX) is an essential part of any Budget Spreadsheet. Financial specialists calculate CapEx to monitor investment in the fixed assets to handle depreciation, additions, and/or disposals related to the property, plant, and equipment (PPE). CAPEX calculation also includes the company’s assets’ additions, including the assets in financial leasing.
This model template comes as both in .pdf and .xlsx file type which can be opened using MS Excel and any PDF File Viewer.
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How to Start an Oxygen Cylinder Plant Business In India? (Complete Guide)
The Covid-19 pandemic taught us the importance of oxygen in our life. People were yearning for the most underrated thing, especially during the second wave of the pandemic in India. Somehow that underestimation resulted in hundreds of deaths in the country. The devastating display of what shortage of oxygen can do was seen all over the media during the second wave and honestly, it was heart-wrenching.
Any kind of beginning of a business depends on the demand or potential of that thing in the market. Saving lives is a noble deed, so what’s better than starting a business, which can saves lives, literally. The Covid-19 creates a huge demand for oxygen cylinders in the market, mostly in hospitals. So, starting an oxygen cylinder plant in a country that is in need of it, seems to be a good idea.
Although to follow up on this plan is a lot of work. So, let’s dive into the matter and find out how to start an Oxygen cylinder plant business in India .
“Business is all about solving people's problems - at a profit.”
― Paul Marsden
Things that are needed for an Oxygen Cylinder Plant Equipment's Needed for an Oxygen Cylinder Plant Things To Keep In Mind before starting an Oxygen Cylinder Plant Transportation of Oxygen Cylinder Plant License Needed For Oxygen Cylinder Plant Business How to Market your Oxygen Cylinder Plant Business FAQ
Things that are needed for an Oxygen Cylinder Plant
The Covid-19 pandemic may seem the reason but other than that there are other health-related issues that people suffer from, which can only be solved by oxygen cylinders. It can actually bring a ‘breath’ of relief, so the need for it has become more significant now. Following things are required for the business. First and foremost, a proper business plan is required to start with the business. The following things are what is needed.
Before indulging in this business, one needs to learn a lot of things, which include safety procedures. A proper training program will help in understanding the key details, that’ll be an asset in the future. It includes the positives, negatives and the risk that involved in this business.
Investment is one of the most if not the most important things that is needed for any kind of business. If someone wants to start an oxygen plant, at least ₹30 to ₹35 Lakhs is needed for the setup of the plant , so that it can deliver up to 24 cylinders every day. A proper location is also needed to construct the plant. It is not a small business , so naturally, a heavy amount is needed from the very first.
To get a general idea, the manufacturer of a cylinder of oxygen should be contacted. They will provide the proper instruction from A to Z. i.e. from the manufacturing of oxygen in the plant to the filling of the cylinder with oxygen.
Equipment's Needed for an Oxygen Cylinder Plant
Some extra equipment is needed for the entire setup of the plant. These equipment's will help in getting pure oxygen instead of harmful materials, they are:
- PLC Control Panel
- Vacuum Chambers
- Glass Chambers
- Injector wells
- Solid State generators
Apart from all these, some other machinery are also needed in the cylinders, they are:
- Oxygen Mask
- Pressure Gauge
- Other things to fit the system altogether
Proper installation of every piece of equipment is necessary for the entire plant to avoid the oxygen from getting polluted.
Things To Keep In Mind before starting an Oxygen Cylinder Plant
Just because someone wants to open an oxygen cylinder plant, they can, it’s not that simple. Some additional rules are necessary to be followed:
1. All rules and regulations are to be maintained while dealing with oxygen cylinders and their supply.
2. The oxygen in the gas cylinder has to be pure.
3. It must not contain any toxins or other chemical elements that can be harmful.
4. The oxygen has to be clean and pollution-free.
Transportation of Oxygen Cylinder Plant
The supply of oxygen will be mainly for medical uses and industry purposes. So while transferring them to hospitals or any medical center, special attention needs to be given. Oxygen in the cylinder is kept at high pressure, so the vehicle that’ll be used to transport the cylinders must be careful enough to avoid cylinders colliding with each other. If proper steps are not taken, it can cause an explosion. You should also review the Department of Occupational Safety and Health Administration and Transport Standards before transporting oxygen cylinders.
License Needed For Oxygen Cylinder Plant Business
As it is related to medical business, it surely needs some special permission:
- Permission from the local board of the location the business will be set up is needed.
- Incorporation Laws of the state must be scrutinized to know the rules of starting a legal and proper business. Also you need to register your business before you start your business.
How to Market your Oxygen Cylinder Plant Business
In any kind of business, marketing is important . Without marketing, a business can never flourish. Although it is a time where oxygen cylinder has huge demand, still marketing is important, to achieve a great number of profits. Some of the methods for advertising are:
- Handing out flyers containing information about your oxygen plant to the people.
- Contacting local media to get their presence known among the targeted customers.
- Making the business presence felt on social media by posting about itself.
To start an oxygen cylinder manufacturing plant in recent times, can be beneficial as the second wave of the Covid-19 leads to a shortage of oxygen all over the country. It is a good time to provide quality products to the people in need. A business that can save people while gaining profits for itself is surely an interesting and better option than just sitting and watching people suffer. One just needs to take a brave step and follow all the rules that can lead to a safe start of a business. It will do the noble job of saving lives and also will help in earning millions.
Is Investing on an Oxygen Cylinder Plant profitable in India?
Yes, Investing in an oxygen cylinder plant can be quite profitable as the demand for oxygen cylinders is not ending soon.
What is the Cost of an Oxygen Cylinder?
The minimum cost of a 10.2 Litre of oxygen cylinder is ₹4500 and the maximum is ₹6500.
Which Company makes Oxygen Cylinders In India?
National Oxygen Limited, Axcel Gases, and Swastik Synergy Engineering Private Limited are some of the top oxygen manufacturers in India.
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Oxygen Plant Business Plan
Oxygen plant is industrial equipment used for generating high purity oxygen for industrial and medical applications. There is huge demand for oxygen in various industries and hospitals. If you are thinking of going into oxygen gas business, it must be understood that it is capital-intensive but lucrative. There is huge scope of profitability in this business. However, it is imperative that you have got excellent oxygen plant business plan for turning your gas business into profitable one. Solid plan will give you a better shot at making profits. Our manufacturing is reputed for making high quality oxygen plant. You should focus on generating business rest assured of getting high quality plant machinery from us.
Important Aspects of Oxygen Business Plant
There is one thing you must one must understand our oxygen gas plant business will help you break even in under 2 years. There is no denying that oxygen business will prove to be profitable if you are properly cued into the fundamentals of the market. First of all, your oxygen plant business plan must contain feasibility study of the area in which you want to set up oxygen business. Besides, it is also important to know government regulations, oxygen plant set up cost , market trends, etc. Once you have got the feel of market conditions and government regulations, it is easy to set up business.
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