Industry Status
a.) National/Regional Economic Growth or Decline
We will start our growth in the United States more specifically, Pittsburgh and the surrounding suburbs. We would like to eventually expand to a country/world wide enterprise. The growth that we will see in Pittsburgh will be caused mostly by the people in the downtown areas. This would include businesses that would like to aid in the beautification of the area. In turn, this would increase revenue and boost the local economy. Also this will expand our name through companies that are present in multiple cities.
b.) Industry Outlook
The Reduce- Reuse - Recycle ideology sweeping the nation is going to last a long time or at least until we can find a way to stabilize the environment even with everything that we are doing to destroy it. With people trying to reduce the garbage in the world, there will be an immediate backing to our product seeing that it is made up of seemingly useless materials that would just waste away in landfills. These people would also be excited to use the product in store fronts and window displays to promote the environmentally friendly product.
c.) Projected Opportunities
Seeing that there is no other product like ours currently in the market place there is a lot of room for us to expand. There is no other product in the market that is environmentally helpful and also aesthetically pleasing. Plastic flowers or other fake flowers would not be able to compete with us in the same market because we are also completely recycled and sustainable in even harsh conditions that real flowers may not be able to survive in. But big craft stores have the largest quantity of the market at this time for fake flowers.
d.) Regulatory Environment
We have to be approved by the EPA, or Environmental Protection Agency seeing that we are claiming to be 100% recycled and friendly to the environment in our production process.
e.) Technological Influences
We could be affected by technology because people are finding new ways to protect the environment and beautify things through virtual reality and other ways of teaching people how to recycle and compost their trash respectively. This could help our company because if people are more aware of whats going on they may be more willing to recycle seeing what beautiful things can be created through the process of recycling.
We will start our growth in the United States more specifically, Pittsburgh and the surrounding suburbs. We would like to eventually expand to a country/world wide enterprise. The growth that we will see in Pittsburgh will be caused mostly by the people in the downtown areas. This would include businesses that would like to aid in the beautification of the area. In turn, this would increase revenue and boost the local economy. Also this will expand our name through companies that are present in multiple cities.
b.) Industry Outlook
The Reduce- Reuse - Recycle ideology sweeping the nation is going to last a long time or at least until we can find a way to stabilize the environment even with everything that we are doing to destroy it. With people trying to reduce the garbage in the world, there will be an immediate backing to our product seeing that it is made up of seemingly useless materials that would just waste away in landfills. These people would also be excited to use the product in store fronts and window displays to promote the environmentally friendly product.
c.) Projected Opportunities
Seeing that there is no other product like ours currently in the market place there is a lot of room for us to expand. There is no other product in the market that is environmentally helpful and also aesthetically pleasing. Plastic flowers or other fake flowers would not be able to compete with us in the same market because we are also completely recycled and sustainable in even harsh conditions that real flowers may not be able to survive in. But big craft stores have the largest quantity of the market at this time for fake flowers.
d.) Regulatory Environment
We have to be approved by the EPA, or Environmental Protection Agency seeing that we are claiming to be 100% recycled and friendly to the environment in our production process.
e.) Technological Influences
We could be affected by technology because people are finding new ways to protect the environment and beautify things through virtual reality and other ways of teaching people how to recycle and compost their trash respectively. This could help our company because if people are more aware of whats going on they may be more willing to recycle seeing what beautiful things can be created through the process of recycling.
Production and Operations Plan
a.) Facility
Our store where we are located, we did not lease, we bought. We had a group of people, who are the founders of the company and have faith in us, put money together to buy this facility for our store. Our store is about 1500 square feet. The desk where customers check out is in the front, all around the sides of the walls are cases with our Friendly Flowers inside, and in the back is where all of our storage is held and the bathrooms. We plan to grow in the near future. We hope to have more than one store and we also hope to have our stores be bigger than what it is now. We plan on making a "creation area" where customers can come in and make their own Friendly Flower.
b.) Equipment
Friendly Flowers does not need a lot of equipment to make simple flowers. Some of the machines we need are machines that turn recyclables into products that we can make flowers out of. We also need tools that help us make the flowers. These tools need to be very tiny to make sure the flowers are very precise. We would purchase all the machines and tools that are needed to make the flowers so that we can always use them and they are not too expensive. We will also have to buy at least one delivery truck for every store. With buying a delivery truck, we would have to pay for all the car troubles it has and getting it inspected every year.
c.) Production Process and Costs
The first step in the production process is using recyclables (paper, plastic, glass, aluminum) and turning them into materials that can be used for making the Friendly Flowers. Then, we would use the newly made materials and form them into parts of the flowers. We would next use little tools to put the parts of the flower together and the Friendly Flower is complete.
d.) Suppliers
The only suppliers that we need are recycling companies that let us use their recyclables to transform into materials that will help us make our Friendly Flowers.
e.) Transportation and Shipping Access and Equipment
The transportation we need is moving the transformed recyclables to our store and being able to transport our Friendly Flowers to people's homes for delivery. We also can use shipping to be able to send our flowers to people that are not local to the Pittsburgh area. We can ship the flowers to other states and cities in the United States and even other countries. This would, of course, cost money, but we would charge the customer for shipping and handling.
Our store where we are located, we did not lease, we bought. We had a group of people, who are the founders of the company and have faith in us, put money together to buy this facility for our store. Our store is about 1500 square feet. The desk where customers check out is in the front, all around the sides of the walls are cases with our Friendly Flowers inside, and in the back is where all of our storage is held and the bathrooms. We plan to grow in the near future. We hope to have more than one store and we also hope to have our stores be bigger than what it is now. We plan on making a "creation area" where customers can come in and make their own Friendly Flower.
b.) Equipment
Friendly Flowers does not need a lot of equipment to make simple flowers. Some of the machines we need are machines that turn recyclables into products that we can make flowers out of. We also need tools that help us make the flowers. These tools need to be very tiny to make sure the flowers are very precise. We would purchase all the machines and tools that are needed to make the flowers so that we can always use them and they are not too expensive. We will also have to buy at least one delivery truck for every store. With buying a delivery truck, we would have to pay for all the car troubles it has and getting it inspected every year.
c.) Production Process and Costs
The first step in the production process is using recyclables (paper, plastic, glass, aluminum) and turning them into materials that can be used for making the Friendly Flowers. Then, we would use the newly made materials and form them into parts of the flowers. We would next use little tools to put the parts of the flower together and the Friendly Flower is complete.
d.) Suppliers
The only suppliers that we need are recycling companies that let us use their recyclables to transform into materials that will help us make our Friendly Flowers.
e.) Transportation and Shipping Access and Equipment
The transportation we need is moving the transformed recyclables to our store and being able to transport our Friendly Flowers to people's homes for delivery. We also can use shipping to be able to send our flowers to people that are not local to the Pittsburgh area. We can ship the flowers to other states and cities in the United States and even other countries. This would, of course, cost money, but we would charge the customer for shipping and handling.