Tonya McClendon has developed a new* elevated pet feeder component, designed several elevated feeder models around the component and built several prototypes. She plans to invest a minimum of $22,000 through a combination of personal savings and loans and is seeking additional funding to protect her feeder component and design ideas and to bring the products to market. She plans to incorporate Tall Drink of Water as a New York-based subchapter S holding corporation to shield her from personal liability and double taxation.
Ms. McClendon intends to establish her product as a brand leader in the $34 billion pet products industry, which is experiencing steady growth, but it is fragmented with no clear brand leaders producing elevated feeders.
Ms. McClendon has managerial, operational and technical experience in business, including financial services, management consulting, food service, architecture and landscape architecture, and Olympic planning. She has a strong customer service and sales foundation and is comfortable working in environments ranging from small family businesses to Fortune 500 corporations. She has a broad range of skills and experience to draw from to launch the company from start-up to stellar.
Based on her research, she is confident that a start-up pet products business that designs and sells innovative, contemporary elevated pet feeders to design professionals, pet care professionals, government agencies and individual consumers will be successful in the United States, where more than half of all American households have at least one pet dog or cat.
Sales forecasts for the first three years are modest based on the performance of competing and complementary products. First year sales are projected to total $143,800 and to increase at a rate of 10% over the following two years, reaching $248,748 by the end of Year 3. Sales are expected to improve dramatically once the brand is established.
* Based on preliminary patent searches on the U.S. Patent and Trademark Office website.
Tall Drink of Water designs, develops, and markets innovative, functional and beautiful elevated pet feeders and related pet products using methods and materials that are socially and environmentally responsible. It provides a rewarding and respectful work environment with competitive compensation and benefits.
Tall Drink of Water, will:
"I've written 4 business plans using LivePlan, and it's like having a mentor guide me along."
Business planning has never been easier. With 500 complete sample plans, easy financials, and access anywhere, LivePlan turns your great idea into a great plan for success.