Tag: startup company

  • How to Start a Jute Bag Making Business?

    Jute bags are used for shopping purposes. Our environment today is polluted to an extreme level. Nowadays, printed jute bags are used for shopping purposes too. Jute is a long, soft, shiny vegetable fibre. It is also popularly known as Golden fibre. Currently, it is one of the strongest all-natural fibres available throughout the globe. Jute fibre is reusable and biodegradable. Starting a jute bag-making business is a great decision to start. It is also a profitable business because the usage of jute bags has excessively increased over the last year. People nowadays carry these bags as a style trend.

    There are several different types of bags that are very popular in the market. A recent study has shown that the general public has become very bored with carrying leather bags. The jute bag-making process is simple. Any individual can start this business even from home. Furthermore, this is a great opportunity for women, housewives, and mothers too. In this article, we will discuss how to start a jute bag-making business.

    Know the Different Types of Jute Bags
    Identify the Demand of Jute Bags
    Jute Bags Business Planning
    Choosing Location of Your Business
    Register Your Jute Bag Making Business
    Steps Involved in Jute Bags Making
    Raw Materials Used in Jute Bag Making
    Types of Machinery for Jute Bag Making Business
    Marketing Strategies of Jute Bag Business

    Know the Different Types of Jute Bags

    Before starting and making a jute bag business plan, you should know the different types of Jute bags you can manufacture. There are numerous types of jute bags you can find in the market. According to lamination or lining, there are three different types of bags.

    • Unlaminated – Biodegradable
    • Laminated – Food Grade LDPE, splash resistant, wipe clean
    • Muslin Lined

    A jute bag comes in several different handle options. These are as follows:

    • Jute Handles
    • Flat Cotton Strap
    • Cotton webbing, filled with rope
    • Cane Handles
    • Drawstring
    • Rope with eyelets

    Various Usage of jute bags:

    • Students use jute bags to carry books to school or college
    • Women use jute bags as stylish handbags nowadays
    • These are used to carry lunch to work
    • Jute bags can be used for travel and transport purposes
    • These bags are used for promotional purposes as well
    • Jute bags are versatile and can be used as gift bags
    • These bags are used as shopping bags all over the world
    • It is used for transferring products from one place to another

    Identify the Demand of Jute Bags

    Global Jute Bag Market
    Global Jute Bag Market

    Jute has properties like low thermal conductivity, remarkable insulation, and moderate moisture retention. So Jute bags are strong enough to pack bulk goods. The growing environmental concerns have also increased the customer’s inclination toward natural and biodegradable products like jute bags.

    As per industry estimates, India has exported millions of jute bags mainly to Europe. The production of this item which is mainly in the micro and small enterprises has picked up substantially in the last few years. There is a big scope globally for Indian jute shopping bags as an alternative to plastic bags. India holds the majority of shares representing the leading producer of jute bags. Additionally, the benefits offered by jute bags such as their biodegradability, durability, low cost, high strength, etc. have supported the market growth.

    According to a survey, the jute bag market value had touched $ 1.9 Billion in the year 2020. Jute bags recorded an 11.5% CAGR from 2011 to 2018. The global jute bag market size reached $ 2.3 Billion in 2021. The market is expected to reach $ 3.3 Billion by 2026, exhibiting a CAGR of 9.4 % from 2022 to 2027.

    Jute Bags Business Planning

    When you start any business there are various things you need to consider. Whether you are in the beginning stages of starting your own business or planning on taking it to the next level, you will need a clear and informative business plan. You need to ask yourself, Where do I want it to go? What will my business look like? A business plan will provide readers with all types of information they need to understand your business’s purpose and capabilities. You have to be willing to add, edit, or even remove certain portions of your business plan when new information becomes available.

    Choosing Location of Your Business

    Choosing a business location is all about setting your business for success. You need to put careful thought into where you want to establish your Jute bag business.

    Some tips for choosing a good location:

    • Before you start looking for a business location you need to create a business budget for your expenditure.
    • Before you buy or rent a building, check out the surrounding neighbourhood.
    • Part of your business location strategy should be based on the amount of competition in the area.
    • Consider the potential growth of your company when choosing a location for the business.
    • Consider how easy it is for customers to reach the Jute business location.
    • Before you purchase a location for business, find out how it is zoned.

    Register Your Jute Bag Making Business

    For a very small startup, you can look for a proprietorship company. However, you may also go with the partnership, LLC, or INC companies according to your business size and investment model. Generally, this type of business plan doesn’t demand any specific licenses from the Government authorities. In India, National Centre for Jute Diversification (NCJD) and Jute Manufacturers Development Council (JMDC) offer training on jute bag making.

    Steps Involved in Jute Bags Making

    The process of manufacturing jute bags is very simple and does not require the use of heavy machines. Below are the steps involved in jute bag making:

    • Buy woven jute fabric rolls from wholesalers or directly from manufacturers.
    • Laminate the jute rolls. Jute bags can be sold with lamination or without lamination.
    • Spread the jute fabric roll on a table and fix it.
    • Cut the jute rolls to the required size and shape.
    • Print the designs, logos, or text on the jute roll pieces.
    • Wash and dry the printed jute fabric pieces.
    • Stitch the cut pieces of jute roll using a heavy-duty sewing machine.
    • Attach the handles, buckles, zips, etc.
    • Pack the jute bags for marketing.

    Raw Materials Used in Jute Bag Making

    India and Bangladesh are the top producers of jute fibre. In India, West Bengal accounts for 50% of the country’s total jute produce. So, source your raw materials from reasonable and genuine jute mills.

    The raw materials used in jute bag making are:

    • Jute fabric
    • Dyes
    • Printing gum
    • Sewing thread (preferably nylon)
    • Chemicals and auxiliaries
    • Handles
    • PVC buckles
    • Packing materials
    • Labels

    Types of Machinery for Jute Bag Making Business

    Jute bag manufacturing does not require high-end technology machinery. It all depends on the scale and type of bags. To make a printed jute bag, the following machinery is required.

    • Working table
    • Lamination machine
    • Printing Table
    • Screen printing machine
    • Dye Paste Stirrer
    • Water Drum, tubes, mugs, clips, etc.
    • Cottage Steamer
    • Electric Fittings
    • Scissors and measuring tape
    • Cutting machine
    • Heavy-duty Sewing machine
    • Regular sewing machine
    • Nylon thread
    • Lockstitch Machines
    • Side Sealing Machine

    Marketing Strategies of Jute Bag Business

    Marketing strategies are the processes by which companies create customer interest in goods or services. Marketing draws out the hidden wants of customers and creates new demand. It enlarges the market and enables the producers to increase production and earn more profits. Because of marketing so many other activities such as banking, transport, insurance warehousing, etc. get a boost as they are needed more help in the marketing process.

    Some techniques of marketing Jute Bag Business:

    • Word of mouth
    • Comprehensive website
    • Social marketing
    • Direct marketing
    • Major festivals
    • Online shopping sites
    • NGO tie-ups
    • Local tie-ups
    • Corporate gifts
    • Conferences and seminars

    Conclusion

    Starting any kind of business needs patience and hard work. Getting into the business of making jute boxes is not something different. With people being conscious about the environment, and inclining toward jute bags, the market has experienced definite growth. So, it is clear that the market for jute bags will keep rising in the future as well.

    FAQs

    What raw materials are needed for making jute bags?

    The raw materials needed for making jute bags are:

    • Jute fabric
    • Dyes
    • Printing gum
    • Sewing thread (preferably nylon)
    • Chemicals and auxiliaries
    • Handles
    • PVC buckles
    • Packing materials
    • Labels

    Which country is the top exporter of jute bags?

    India is the top exporter country of jute bags.

    What products are made from jute?

    The major manufactured products from jute fibre are:

    • Yarn and Twine
    • Bags
    • Sacking
    • Hessian
    • Carpet Backing Cloth
    • Textile Blends

    Which are the top Jute producing countries in the world?

    India and Bangladesh are the top Jute producing countries in the world.

  • Smart Strategies to get Job in a Startup Company

    If you want to work in a startup company, it’s an excellent career move. You will get to learn new things. You will have the opportunity to work on exciting products or services and also grow with the company.

    If you are passionate and willing to dive in this type of gig can be a great way to grow your career. After deciding that you are choosing a startup as a career option. You need to know how to find a job in a startup company.

    According to the survey, almost 76 per cent of the workforce in India would prefer to work for a startup, while 69 per cent would prefer to work for a small or medium corporation or a privately managed company.

    What to look for in a Startup Company
    Where To Find Startup Jobs
    Check Out The Company
    Evaluating a Job Offer
    Everlasting Curiosity And The Ability To Adapt
    Keep Your Ego At The Door
    Get Ready for Interview
    conclusion
    FAQ

    What to look for in a Startup Company

    1. Entitlement

    Startups do not have the top perks and privileges. They have worked hard to secure their funding, and their investors are waiting to give them a good return for their money. If you want to get hired by a startup company, you have to leave your entitlement at the door.

    2. Hunger

    Startup entrepreneurs are very hungry for success by their nature. They highly expect you to do the job right. Anyone who is getting hired in the startup has to follow the same hunger to reach the goals. You have to show them you are willing to go the extra mile whenever necessary.

    3. Expectation

    Some people think startups are very easy. But actually, the reality is that starting a business is hard, very hard. media never tells about the whole story. There is so much work to be done, so everybody is expected to do whatever is needed to get the job done.


    Also Read: List Of Companies Hiring Amidst The Coronavirus Pandemic


    Where To Find Startup Jobs

    funded startups in India
    1. Use Job Sites

    For using job sites AngelList is the best site for finding startup jobs. You can apply to over 74,000 jobs with one application. After registering yourself on the site you have to create a profile of your skills and experiences. Your profile can be public or also private.

    You can also search GitHub jobs by the job title, location, company, and many more. If you are looking for a co-founder, you can use Co-Founders Lab where entrepreneurs look for co-founders. If you are seeking a particularly remote area position, you can add these terms to your searching.

    2. Reach Out to Companies Directly

    Search all the startup companies for the job. Create a list of the companies and review them. Find out some of the best startups from the list which match your area of interest. Many startups have account LinkedIn you can connect from there or else you can use email to connect. You should write a cover letter to the company to get noticed.

    3. Use Your Networking Connections

    The best way to find a job at a startup company is by using your networking connections. You can search for the founders of your college. you can also check your LinkedIn connections.

    4. Meetup With Startups

    Attending startup meetups can improve your knowledge about the environment. You should attend as many conferences and events as much as you can. You will meet people from this startup field. You will get to learn to form their experiences. You can also build a network through these kinds of events. Also, you will get to know about the startups in your area.

    5. Tap Social Media

    You should follow the startup companies of your interest on social media sites. You might get a chance to connect to them. Many companies post their hiring form. You have to respond just right away and maybe you get the job.


    Also Read: Tips To Make Good Impression on the First day of job


    Check Out The Company

    To get a better startup company to start with, you should spend much time researching reviews of the environment at a startup company. Check out if their demand matches your skills. Find out what is the reviews they are getting from their performance.

    Apply For Job

    Evaluating a Job Offer

    Smaller startup companies have no definite role by themselves. A person who is thinking of joining the company should know about the job opening, the salary package offered, and also about the possibility that the business could fail.

    1. Your role at the start-up

    Notice the responsibilities that an employee needs to assume. Try to find out your role at the startup company. Try to know whether it matches your expectations or not. Then finalize your decision whether to accept the offer or reject it.

    2. Startup salaries

    The salary offered by the startup companies should be in league with the other companies. Smaller startups may offer a small salary. You can understand that the job position all come into play while determining the salary package at that startup company.

    3. Get an offer in writing

    Before committing to any opportunity with a small start-up company, please understand how to evaluate a start-up job offer. Make sure that the offer is given to you in written format, to not have any confusion about it, at a later stage. It is always best to come to a decision, after thorough negotiations, before committing to the offer.


    Also, Read MyCaptain – An EdTech Startup Where you can Learn What You Love!

    Everlasting Curiosity And The Ability To Adapt

    Managers mostly focus on finding candidates with the most impressive skills. But in a startup company startup managers look for self-motivated and inspire people. They need to hire people who are not only qualified in their skills but also curious about their work.

    According to a study, some of the best entrepreneurs who are curious and creative for their startup. Which says that they can imagine their possible future for the company. The ability to adapt to things and the curiosity to learn new things is the most important key to get hired in a startup company.

    Keep Your Ego At The Door

    startup jobs

    A startup lives on the decisions you make and the attitude you hold for it. All mindsets feed the ego. When you move your ego to the side and place your best performance, you impress the people at the workplace. no ego gets you to the new exciting ideas. That’s why startup companies look for someone who has no ego issues.

    Get Ready for Interview

    Preparing for a job interview at a startup company is a hard task, it can lead you to a unique work environment and flexible culture.

    The hiring process in a startup can be quick. be prepared for a phone or video call, or an informal meeting interview. Startup interviews are casual than formal job interviews. As with any job interview, you should follow up with a thank you note or email.


    Also Read: Interview Tips To Leave Last Long Impression


    Is working for a startup right for you?

    When deciding whether to work for a startup or an established company, make a list of the things that are most important to you. The three Cs: career, salary, and company will most likely be the centre of these discussions. Learning and personal development, title, working hours, compensation, benefits, team, corporate leadership, company culture, and company outlook and stability are all possible factors.

    Pros: One of the biggest benefits of working for a startup is that you can learn rapidly and wear numerous hats, which isn’t always achievable at a larger company. You’ll have more opportunities to provide feedback in numerous areas and help influence the company’s direction and culture if you’re close to the top. Top performers mature quickly and take on more responsibilities at a younger age than their peers in more mature firms, giving an expedited career path with long-term benefits.

    Joining a startup as an employee is the greatest approach to obtain a full understanding of the numerous parts of running a business if you intend to develop your own startup down the road.

    Cons: Starting a business can be chaotic. It’s possible that there isn’t enough structured mentorship and training help. Many startup management teams often lack the experience to effectively manage and mentor employees.

    Another disadvantage is that startups are less likely than established companies to invest in employee perks. If you’re searching for medical insurance benefits, organised performance management, job grades, salary reviews, and other HR processes and policies that you’d expect to find in a mature company, you might be surprised to learn that many startups lack these.

    Conclusion

    Getting a startup job requires making connections. In a small, newly formed company, recruiting decisions are most frequently made at the top. Reconnect with old classmates, previous coworkers, friends, family, professional networks, and social media to expand your network. Obtain introductions and one-on-one meetings with key executives at your target startups.

    Considering all the factors that are discussed above, you can find a job in a startup company. It will make this the next best step in your startup career.

    FAQ

    What Employers Look For?

    1 Entitlement
    2. Hunger
    3. Expectation

    Where To Find Startup Jobs?

    1. Use Job Sites
    2. Reach Out to Companies Directly
    3. Use Your Networking Connections
    4. Meetup With Startups
    5. Tap Social Media

    How to be ready for an interview?

    Preparing for a job interview at a startup company is a hard task, it can lead you to a unique work environment and flexible culture.
    The hiring process in a startup can be quick. be prepared for a phone or video call, or an informal meeting interview. Startup interviews are casual than formal job interviews. As with any job interview, you should follow up with a thank you note or email.