BUSINESS PLAN FOR MAKING BASKETS

Introduction
This business idea is for production and marketing of baskets. Baskets are made in various shapes, sizes and designs, which are made from palm leaves, papyrus reeds, banana fibers, sisal, and bamboo or Palm leaves depending on their purposes. As the raw materials are in plenty, these materials can be elegantly made. The idea is premised on the production of 20 baskets per day, with total investment of $ 38,028 per year and revenue estimated at US$46,800per year.
 

Production process
Basket making involves collecting raw materials, dyeing them in preferred colours and finally weaving or sewing them by using threads and niddles into baskets. The entire making process is artistic and skill based handwork. However, certain hand-operated machines are used in processing raw material for knitting the end products.
 

Market Analysis
Baskets have ready market in different places like Craft shops, Hotels, Households, Curio shops and they can be used for various purposes. There various players in this industry 

 

1, Production costs assumed 312 days per year with a daily capacity of 20 baskets

2, Depreciation (fixed assets write off) assumes 4 years life of assets written off at 25% per year for all assets
3, Direct costs include materials, supplies and other costs that directly go into production of the product 

 

Sources of Supply of Raw materials and Equipment
Equipments and Raw materials are locally available in the market.
 

Government Facilities and Incentives Available
The government has put up training projects to improve on skills of
people in making baskets and other crafts. Women organizations are
participating in the production of crafts in order to increase
household incomes for women

For more of the missing Business Plan Email: jrulicky@gmail.com