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Filename: 3335828 plag Date: 2018-12-11 08:46 UTC Results of plagiarism analysis from 2018-12-11 08:49 UTC

111 matches from 19 sources, of which 16 are online sources.

PlagLevel: 12.1%

[0] (31 matches, 8.9%) from https://www.profitableventure.com/leather-processing-business-plan/ [1] (25 matches, 7.5%) from https://www.profitableventure.com/pharmaceutical-business-plan/ [2] (24 matches, 7.2%) from https://www.profitableventure.com/skincare-production-business-plan/ [3] (3 matches, 0.8%) from https://www.sec.gov/Archives/edgar/data/...119312514111498/0001193125-14-111498.txt [4] (3 matches, 0.6%) from https://archive.org/stream/cu31924024569372/cu31924024569372_djvu.txt [5] (3 matches, 0.5%) from https://archive.org/stream/reportonmanuf...tgoog/reportonmanufac00portgoog_djvu.txt [6] (4 matches, 0.6%) from https://www.sec.gov/Archives/edgar/data/...095013102003636/0000950131-02-003636.txt [7] (4 matches, 0.6%) from a PlagScan document dated 2018-03-28 02:55 [8] (3 matches, 0.5%) from https://vdocuments.site/ipi-volume-5-issue-3-2013.html [9] (2 matches, 0.5%) from https://www.scribd.com/document/371290501/A-Sample-Sewing-Business-Plan-Template [10] (1 matches, 0.3%) from a PlagScan document dated 2018-01-21 10:26 [11] (1 matches, 0.3%) from a PlagScan document dated 2018-01-21 08:16 [12] (1 matches, 0.3%) from https://seekingalpha.com/article/4179102-gnc-year-ahead [13] (1 matches, 0.2%) from https://archive.org/stream/bainslogic02bainuoft/bainslogic02bainuoft_djvu.txt [14] (1 matches, 0.2%) from https://www.zoominfo.com/p/Paul-Pellin/-1502822666 [15] (1 matches, 0.2%) from https://quizlet.com/317353819/operation-management-ch-2-flash-cards/ [16] (1 matches, 0.2%) from https://quizlet.com/185171842/msis-ch2-flash-cards/ [17] (1 matches, 0.2%) from https://vdocuments.site/204468835-heizer-om10-ism-02-55cf9754c851f.html [18] (1 matches, 0.2%) from https://www.coursehero.com/file/13548424/yoga-business-report/

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=====================1/6====================== XYZ is a licensed leather processing company that will be located in Florida, industrial area.[0] [1] [2] A facility in a strategic location in the industrial area has been secured on a long-term lease with an option for renewal on terms and conditions that will be agreed upon based on the best interests of the company.[1] [0] [2] The location is easily accessible and is strategically placed to facilitate easy movement of finished products and raw materials.[0] [1] [2] The government has approved the manufacturing activities of the company. The company’s business activities will be leather tanning and finishing and engage in hides and skins tanning and currying and fur dyeing and finishing.[0] The XYZ Company will be a profit-oriented organization that gives customers that value for their money and giving the customers and businesses patronizing the company's products the opportunity to form part of the success story.[1] [2] [0] Leader tanning and finishing in the United States is a business that goes on all over the country whose products can be found in the state crannies and nooks, a fact which formed the biggest reason behind conducting feasibility studies and market surveys that informed the decision to locate the proposed company in the area as it will support growth and give the company a competitive advantage.[0] [1] [2] The proposed location is easily locatable and plans have been mapped out to develop a distribution network of the finished products, which are brown and black leather bags all across the United States and European cities. The company will not only engage in manufacturing safe leather bags but will also take steps to ensure that customer care is well equipped and customer care staff well trained. This will be in line with the spirit of the business that customers have the last word on the products and are the people that will be the basic support of the company, and therefore strides will be made to ensure they are fully satisfied when the products land in their hands. The company will also ensure that customers’ needs and demands are highly

prioritized especially when they make visits into the company processing plant and warehouses among other facilities. Customer Relation Management software has been secured in a bid to equip the prospective staff with the ability to manage one-on- one relationships with customers who are mainly wholesale distributors regardless of the sizes in the market. The company will start operating as a family business owned by James and His brother Peter Johnson and in the course of success will transform into a public liability company by offering its first initial public offering (IPO) in ten years. The former holds the position of the chief executive officer of the company, being a business management graduate from the University of California and Los Angeles (UCLA) and also hold a Master's degree in business management from the same university, UCLA.[6] James has over ten years of working experience in a related industry as a production manager prior to being the head of the XYZ Company.[0] [1] He will be flanked by a team of experienced professionals in his company building role.[14] Other senior managers will include plant manager, the human resource manager, the administration manager, merchandise manager, sales and marketing manager, machine operators, accounts and cashiers, client service executive, production workers and machine operators, and distribution staff, and distribution staff. The XYZ Company will be a standard leather processing and leader product manufacturing company whose products will be sold in the major US and European cities such as Berlin, Paris and many others but will not be sold in Florida.[2] [1] The products are designed and made to generate profits and give customers a value for their money. Products offered will be leather handbags, in blue and black colors with three cowhide leather yards, two cotton lining yards, one gold plated exterior zipper, one small interior zipper, and one gold-plated strap buckle.[7] The bags, which are available in black and brown leather, will have dimensions 18.[7] 2 by 11.6 by 3.7 with a weight of two lbs. The vision is establishing a standard leather products manufacturing company whose products will be sold in major North American and European cities.[2] [1] The mission of the company is establishing world-class leather products manufacturing company that will compete with leather tanning and finishing industry =====================2/6====================== leaders. The company intends to be one of the leading leather products manufactures in the world.[8] The XYZ Company is will be established to compete with other globally leading leather products manufacturing companies in the world by putting in place structures that will support the envisaged business growth during the business planning. The company will only hire qualified, customer-centric, honest, and hardworking individuals ready to work to help build a prosperous company able to benefit all stakeholders.[0] [1] [2] A profit sharing arrangement among senior management staff will be availed based on the performance of r ten years or more and how fast the company meets its set targets. The market research that was conducted revealed the existence of several leather tanning and finishing companies in the US, forming the basis for following the due process in the establishment of the business so as to gain competitive advantage.[0] [18] SWOT analysis was done to help the company position itself in the business and maximize on strengths, take advantage of opportunities, confront threats. An expert HR and business analysts were hired to conduct SWOT analysis and help avoid bias in the starting up of the business and help in the creation of a business and marketing model that will help the company achieve its set goals and objectives. There are several strengths that will help the company position itself in the market. One of them is the vast work experience offered by the management team which consists of highly trained, educated and experienced individuals that understand how business is run and grown from scratch to become an international phenomenon. Other strengths are the access to large quantities of raw materials, the identified national and international distribution network and exceptional customer service culture.[0] A significant weakness is the fact that XYZ is a startup in an industry with multi- billion company competitors. The XYZ Company lacks the financial capacity to match these competitors in attracting intended publicity as enjoyed by big industry names that are already determining the market direction.

America and Europe are the biggest consumers of leather handbags among the world continent meaning that the opportunities in the market are enormous. A thorough market survey and feasibility studies were conducted to determine the best practices and demands in the leather handbag business, to enable the company successfully position itself in the market and take advantage of the opportunities in the existing leather products market in the US and Europe and also create new markets, an undertaking that requires hard work and determination to achieve.[1] [2] [0] The market is affected by imported competition and there has been a decline in the use of leather products posing a threat into the business. Among the threats are also economic downturns, political occurrences such as the Brexit in the United Kingdom and unfavorable government policies. Another threat is the potential arrival of another leather products manufacturing company in the area where XYZ manufacturing plant is located. The conducted research reveals that the leather products industry is experiencing a global transition period. The recent years have been marked by outsourcing and offshoring in multinational businesses. There is a noticed trend of rising prices and abroad-manufacturing overhead costs in China which housed more manufacturing companies due to cheap labor and favorable government policies. This trend is influencing the relocation of industry operators from China back to the United States. According to the report, reshoring will result in shorter production and sales turnaround time and greater manufacturing operations control. Some industry players, either large of niche market players, are increasingly replacing struggling non-profitable players. The effects of reshoring are expected to be seen over the next five years as the impacts remain uncertain now.[0] The lather product industry has been contracting in the last five years with import competition being the leading factor in the slowing performance of the industry as many industry players are shifting from producing leather products to sourcing them from Asian countries and third-party contractors for low costs (Eide, Hargreaves & Cunningham, 2016). This means that a significant number of leather product manufacturers have left the industry due to the fact that they are unable to =====================3/6====================== sustain their operations due to price-pressuring in the industry.[10] [11] [4] [5] ... The survivors are altering their operations to focus on designing and marketing processes rather than producing the leather products.[0] The industry has in the past years been adopting an eco-friendly approach to the production and packaging of leather products. The players’ adoption of eco-friendly practices is aimed at promoting environmental consciousness among the customers who will buy products while increasing the efficiency of the operators. The leather handbag business has a wide range of customers globally with different tastes. The conducted market research provided insights into the target market and its expectations. The company is in the industry to manufacture leather handbags and distribute and retail to customers all over the United States and major European countries such as France where the retail location will be Paris, United Kingdome where the retail location will be in London, Germany with a retail location in Berlin and Munich, South Western United States with retail location in Los Angeles, Phoenix, Austin and Las Vegas, North West United States with retail locations in Seattle, Denver and San Francisco, South Eastern United States with retail locations in Charlotte, Miami, Atlanta, Nashville and St. Louis and North Eastern United States with retail locations in Chicago, Boston, Philadelphian Atlantic city and New York. The market has become more intense in terms of competition over the last decade. Such attributes as creativeness, customer centricity and proactiveness are employed by players to survive in the industry in the face of fierce competition (Kar, 2015). The XYZ Company acknowledges the stiff competition and is prepared to favorably compete with other players throughout the United States and Europe.[6] The company will, therefore, launch a standard leather bag brand will is expected to quickly become a favorite brand in the United States and other cities in Europe where the products will be retailed.[6] Among the competitive advantages is the market favored good production, stock on hand control ability and guaranteed key input supply. Another factor that ensures competitive advantage is the management team’s vast experience in the industry as the company is to be managed by highly educated, trained and experienced managers who understand the market and how to grow it from

scratch to international brands. In addition, the company has access to large raw leather quantities supply per time and a large national and international distribution network with excellent customer service culture already in place that are the strengths of the company in the market. Another competitive advantage is the fact that employees will be well compensated and will also receive welfare packages that will be among the best in the industry.[0] This will motivate them to willingly build the business with the management and help in the delivery of the set objectives and goals ensuring that the targets and aims are achieved in record time. Employees will also be provided with good working conditions and commissions to freelance sales agents that will be recruited over time.[0] [1] [2] [9] ... The company will be established with profit maximization objective in the leather handbag manufacturing and sale business to a wide range of customers in the United States and Europe.[1] [2] [0] [6] ... The company intends to generate income through the sale of leather handbags. The capital of the business was acquired by securing long-term loans, sale of personal properties and investment of savings by family members. The products of the XYZ Company will be well packaged and branded and the plant will be placed centrally in an easily accessible place. This will attract customers cum sales agents and distributors that will service to increase the generation of revenue for the company. These are very important aspects in the leather products manufacturing business. The company is well placed to take advantage of the available market in the United States where the products will be sold and expectations are high to the ability to meet set targets and objectives as informed by market research studies conducted.[0] [1] [2] [3] ... This will ensure that operations are continued and business is growing and the clientele base increased with enough profits poised to be generated in the second quarter of the operations. The product marketing and sales will be conducted online and through retailers with sale projections as follows for the next three years. =====================4/6====================== The sales projections for the company based on the location of the business and other factors as a medium size company startup in the United States are as follows.[3] [12] [9] $2,500,000 for the first fiscal year, $6,500,000 for the second fiscal year and $8,000,000 for the third fiscal year.[3] These projections are based on obtainable possibilities in the industry with the assumption that if there any occurrences of economic meltdowns, they will not be significant to adversely affect the business and there will not be any major competitors in the same location. These projections can rise or fall depending on factors. The company conducted a thorough market survey and feasibility studies prior to identification of the business location and facility for easier market penetration in the target market locations in the United States and Europe (Park & Medda, 2018).[0] [1] [2] [7] ... Information was obtained on how to properly utilize the business structure to attract larger numbers of customers per time and for favorable completion of the products with leading brands in the US and Europe. Experts with expertise and understanding on the industry were hired to help in the development of marketing strategies which would help in the achievement of set goals of dominating the available market in the United States and Europe.[4] [5] [1] [2] ... The following sales and marketing strategies will be adopted by the company as recommended by experts hired. The product brand will be introduced into the market by sending introductory letters to distributors, retailers, and other stakeholders selling leather handbags in the United States and cities in Europe.[1] [2] [0] The business and products will then be listed on yellow pages ads local and international directories.[0] [1] [2] The internet will be used to promote the leather handbags. The company will also be directly engaged in the sales and marketing of the leather handbags. The use of referrals and word of mouth will be encouraged by the company. Intensified publicity efforts will be employed despite the fact that the manufacturing plant is standard and able to produce large quantities of handbags that can compete favorably in the market with leading brands. The company has in place long-term distributing plans of the products all around the United States and select European cities, the reason why the brand is developed for acceptance before venture. The strategy is not only aimed at product sales but also brand communication (Kongprasert & Butdee, 2017). The company intends to promote and advertise the XYZ brand by placing adverts on both electronic media and print media

which include community based magazines and newspapers, sponsoring of several community programs, using the internet and the social media in the product promotion, distribution of fliers and handbills in target areas and putting Flexi banners at strategic positions in regions where the company intends to get customers to patronize the products (Shapiro & Euchner, 2016).[0] [1] [2] The leather products industry has its own pricing trends, informing the decision to set prices of the handbags at $200 for each. The prices conform to what is obtainable in the industry but will start falling after six months of operations to level just below the prices in the United States and Europe.[1] [2] [0] Strategies have been developed to help run on low profits for a six month period as a way of encouraging the buying of the products.[0] [1] [2] [8] ... The XYZ Company will adopt a policy of payment that is all inclusive since different customers prefer different options of payment that suit them as well as ensure that they follow financial rules and regulations in Europe and the United States.[8] the payment options that will be availed to clients by the company are bank transfer payment, cash payments, credit cards and point of sale machine payment, check payment, mobile money transfer payment, and bank draft payment options. The bank account numbers will be availed by the company in due course to ensure that clients make payments for products purchased. The start-up of the business is capital; intensive due to the large amounts of money needed to set up a standard manufacturing plant. The biggest portion of the capital will be used to lease or acquire a facility and in the purchase of leather cutting, polishing, and tanning. Another amount will be used to purchase and service distribution trucks, buy raw materials, pay workers and utility bills. The capital will, therefore, be spent in the following way. =====================5/6====================== A total of $750 was used to register the business in the United States, a total of $1, 300 will be used for legal expenses for license and permit procurement and accounting services such as the software and point of sale machines$35000 for marketing promotion expenses for the grand opening and $35800 for printing of flyers, $25000 for hiring business consultants, $24000 for insurance coverage for workers, $1,200, 000 for payment of 12 month rent, $1,000,000 for the construction of the plan,$5000 for startup expenses such as stationery, $25,000 for utility deposits and phones, $20,000 as tart up inventory costs, $300, 000 for purchase of distribution vans, $13, 750 for store equipment cost for cash register, signage, ventilation and security, $40 000 for furniture and gadgets purchase such as chairs, tables, fax machines, telephone, printers and computers.[0] [1] [2] A total of $600 was used as website launch cost and $10, 000 for miscellaneous. A total of estimated $3,000, 000 is needed to successfully set up the XYZ leader bags manufacturing plant in Florida. The XYZ Company being a family business will be financed by the owners. The owners do not plan to let in partners, a decision which has informed the stand to restrict startup capital; sources top three. These include the generation of part of the capital from stock and property sale and personal savings, securing of soft loans from friends and family members and securing of long-term loans from banks. The personal savings have so far generated a total of $1,000, 000 with $600, 000 coming from personal savings and $400,000 coming from soft loans. $2,000,000 will be secured from the bank as loans. The loan processing is in progress with all the papers and documents already signed and submitted. Once the loan is approved, the company bank accounts will be credited with the loaned amount.[0] The future of a business depends on the number of loyal customers it has, employee competence and capacity, investment strategies and the structure of the business.[0] The absence of all of these factors guarantees the fall of a business. The main ideas around creating the business structure in the XYZ Company is the need to have the company survive on its own cash flow without finance injection needs from external sources once the business is in operation.[1] [2] [0] One of the ways of obtaining customer approval and pulling more customers is offering the products at prices slightly lower than market prices (Surabian & Konishi, 2016). The company is prepared to make marginal profits for some months to gain a customer base. The company will ensure that the right foundation, processes, and structures are in place ensuring the welfare of staff is taken care of.[0] [1] [2] The corporate culture is designed to drive the business to new heights by continuous training of employees.[0] [1] [2]

With this culture in place, employees will be hired and the best retained as they will be more committed to the achievement of business dreams.[0] [1] [2] It is recommendable that brand awareness be increased through advertising and the quality of the goods is maintained. Further opportunities should be identified within Europe and inroads should be made in Asia and South America as recent studies have shown they have an increasing demand for leather products. The company should also approach ways of addressing the problems posed by counterfeit producers who may use the company name to sell their fake substandard products that may tarnish the image of the company. This can be done by communicating with independent manufacturers as soon as the business is established to develop quality evaluation and control plans. The company should come up with ways to inspect independent manufacturers to ensure that products quality is maintained. The company will also rigorously select raw materials to ensure that the brand image of the products is of superior quality.it would be a costly undertaking if the XYZ Company entered into the manufacturing part of the value change in addition to being against the core competencies of the company. The operating margins as having been assessed by case studies of other company have been on the decline and as a result, the company should seek long-term solutions. The decline in margins is a significant weakness for XYZ Co. since prices and competitions will most likely be on the rising path (Ramchandani & Coste-Meniere, 2018). The company should use its buying power to pressure its suppliers into cost-cutting.[15] [16] [17] The company should seek ways to expand its operations and presence in the emerging markets such as China, India, Brazil, South Africa, and other South American =====================6/6====================== markets to tap into the vast markets in these regions with joint ventures. A team should be created to do the evaluation in these countries for opportunities. Joint venture results in the emerging markets should be analyzed to determine if acquiring other half will increase the profits share. International expansion can be achieved by formation of partnerships with local firms to ensure risks are shared and relationships with local distributors and departmental stores, the governments and consumers is established. Once the company successfully established a foothold in the countries and gains recognition, wholly-owned exclusive specialty shops should be established and expanded to yield higher long-run profits. Opportunities should be exploited for expansion in mature markets and saturation should be done where appropriate. The company should also consider focusing the brand on men's opportunities that have indicated an increase in recent years. This can be done by increasing men's portfolio on products and dual-gender stores. The company should create advertisements customized to target men such as in sports networks television advertisements. The market for men’s luxury products has been established to be extensive and the company should not miss out of the opportunities presented by venturing into the sale of men’s bags. � Completed business name acquisition � Completed business registration � Completed corporate bank account opening � Completed securing of point of sales machines � Completed opening of mobile money transfer accounts � Completed opening of online payment platforms � Completed obtaining of tax payers ID � Completed business license and permit procurement � Completed purchase of business insurance � Completed acquisition of the leased facility and construction of the manufacturing plant � Completed feasibility studies � Completed capital generation from friends and family � Completed bank loan procurement � Completed business plan � Completed employee handbook � Completed contract and legal documents � Completed company logo designing � Completed promotional material printing � Completed purchase of raw materials, polishing machines, distribution trucks, racks, shelves, furniture, computers, electronic and office appliances and CCTV.

� Completed creation of company website � Completed online and physical awareness creation � Secured health and safety and fire safety equipment and license � Completed establishing of business relations with wholesalers, merchants and vendors.