Are you about starting an insurance agency? If YES, here is a complete sample insurance agency business plan template & feasibility study you can use for FREE.
To become an Independent insurance agent means that you have an insurance agency. The agents are also known as insurance sales agents.
These folks are involved in the sale of a variety of insurance and financial products; some of the products they deal in include; property insurance and casualty insurance, life insurance, health insurance, disability insurance, and long-term care insurance.
Insurance agencies sell insurance policies that defend individuals and businesses from financial loss that is brought about as a result of automobile accidents, fire, theft, storms, and other events that can damage property.
This is one of the reasons why many people have become so inclined to insurance that they dare not live without it. Therefore, this is one of the areas where having an insurance agency comes in handy.
A Sample Insurance Agency Business Plan Template
Industry Overview
The insurance industry is wide and global in nature; there are numerous aspects anyone interested in starting an insurance agency could choose to specialize in.
For instance; in the United States of America and even in Canada, pet insurance is one aspect of insurance that is gradually opening up and it is interesting to state that it is a very promising market.
Anyone looking towards starting an insurance agency has the option to choose an area of insurance to specialize in or they could choose to start a general insurance company; an insurance company that is involved in the selling of life insurance policies, health insurance policies, auto/car insurance policy and liability insurance amongst others.
The united states of America have the largest insurance market in the world as indicated by the volume of premium payments.
Statistics show that in 2013 alone, out of the total sum of 4.640 trillion US dollars of gross premiums written on a global scale, 1.274 trillion US dollars which translates to 27% were actually written in the United States of America.
This goes to show how big the insurance industry is in the United States of America. Independent insurance agents characteristically show a lot about insurance companies that meet the needs of their clients.
Running an insurance agency means that insurance agents have to be very well trained and knowledgeable about the difficulties of the insurance market and insurance law.
Getting a hang of this means that an insurance agent is able to advise their clients about appropriate amounts of insurance and insurance coverage for their particular needs.
More often than not, independent insurance agents work hand in hand with insurance mediators, in getting quotes from multiple insurance providers and then they go ahead to license them off to the independent agents.
Working with an insurance intermediary service allows the independent agent to appraise many quotes and offer their clients the best policy options ever.
There are a good number of major trade organizations that back the interests and needs of the independent insurance agent; some of them are Agents for Change, The National Organization of Life and Health Agents (NOLHA), the Independent Insurance Agents & Brokers of America, amongst many others.
Starting an insurance agency is a wonderful idea, but a whole lot has to be in place and it includes; getting an insurance license from the organization regulating the insurance industry like the National Association of Insurance Commissioners that regulates the industry.
No doubt, the process of obtaining an insurance agency license might not come too easy, because of the laid down criteria in which the whole process entails an insurance licensure examination is required if you want to start an insurance agency.
If you are serious and determined, you could write and pass the exam in one sitting, but if not, then you should be ready to take the exams over and over again. The bottom line is that these exams do not come cheap; so you must prove your worth before you can be issued a license.
In some countries trust is one of the key factors that may want to slow down the growth of the insurance agencies. Apart from that, then the insurance agencies just like insurance companies are really growing. The industry is a very profitable one with a lot of room for more prospects.
Executive Summary
May Flora brokers is a general insurance agency and were incorporated under United States law as a private Limited Liability Company. It has plans in the nearest future to transform into a public limited liability company. This is so that we can get listed on the New York Stock Exchange.
We will launch the business in heart of New York City – New York where we will have our headquarters and later spread to other major cities in the United States of America.
May Flora Insurance brokers were established with the sole directive of conducting insurance businesses in a highly professional, ethical, and customer-driven approach. We are aware that businesses these days require diverse and sophisticated approaches, which is why we will offer our clients the very best of deals at all times, and all around the year.
We are glad to find ourselves in a hub like the New York insurance market and this is why we have decided to kick start by dealing in various insurance policy covers such as:
Life and Annuities Insurance, Health/Medical Insurance, Car / Vehicle Insurance, Pet Insurance, Agricultural Insurance, Aviation Insurance, Financial Reinsurance, Guaranteed Asset Protection Insurance, Group Insurance, Inland Marine Insurance/Marine Insurance/Shipping Insurance, Travel Insurance, Liability Insurance/Professional Liability Insurance and Property and Casualty Insurance, and what have you.
At May Flora Brokers, our client’s best interests come first, and everything we do is guided by our professional ethics. We will ensure that we are committed to competence, integrity, innovation, and excellent customer service. We will also guarantee that we only hire employees who are well experienced to help us drive the business.
We plan to hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will promote a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees, and for our clients.
May Flora is poised at all times to demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.
May Flora brokers were founded by a group of New York-based investors led by Andrew Basher, Andy Ruthless, and Mr. Ruddy Frumpy. The organization will be managed by these three, as well as other partners who will work in the background. Andy Basher graduated from the University of California – Berkley (First Degree), Brock School of Business at Stamford University (MBA), and University of Harvard (PhD.).
He has extensive experience in a senior managerial role with some of the world’s leading insurance companies. He will be bringing his wealth of experience and expertise to help grow May flora Brokers to become a world-class insurance company.
Our Product and Services
May flora Brokers is going to offer varieties of insurance products and services within the scope of the insurance industry in the United States of America.
Our intention in starting our insurance agency is to make profits from the United States market and we will do all that is permitted by the law in the U.S. to achieve our aim and business goals. Our products and service offers are listed below;
- Life and Annuities Insurance policy cover
- Health/Medical Insurance policy cover
- Car/Vehicle Insurance policy cover
- Pet Insurance policy cover
- Agricultural Insurance policy cover
- Aviation Insurance policy cover
- Financial Reinsurance
- Guaranteed Asset Protection Insurance policy cover
- Group Insurance
- Inland Marine Insurance/Marine Insurance/Shipping Insurance
- Travel Insurance policy cover
- Liability Insurance/Professional Liability Insurance
- Property and Casualty Insurance policy cover
- Consulting and Advisory Services (Within the Insurance Business)
Our Mission and Vision Statement
- Our vision is to be one of the foremost insurance brokers to make available a wide range of insurance products at an affordable price in the United States of America.
- Our mission is to be listed as amongst the top 20 insurance companies based on revenue generations (premium collections et al), trust, and ease of doing business.
- We will ensure that our clients get their claims as when due without unnecessary delays.
Our Business Structure
We plan to use the best structures to build our insurance agency. This is vital because we want to be known as a standard organization. May flora Brokers will build a solid business structure that can support the growth of our insurance agency. We will leave no stone unturned in seeing that we hire competent hands to help us build the business of our dream.
The fact that we want to become one of the leading insurance agency brands in the industry in the whole of the United States of America makes it highly necessary for our organization to deliberately build a well–structured business from the onset. Below is the business structure that we will build May flora insurance brokers on;
- Chief Executive Officer
- Legal Secretary
- Head of Premium Collections
- Head of Claims
- Admin and HR Manager
- Marketing Executive
- Accountant
- Customer Care Officer
- Front Desk Officer
Job Roles and Responsibilities
Chief Executive Office – CEO:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
- Responsible for providing direction for the business
- Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Reports to the board
Legal Secretary
- Responsible for drawing up contracts and other legal documents for the company
- Produces information by transcribing, formatting, inputting, editing, retrieving, copying, and transmitting text, data, and graphics; coordinating case preparation.
- Provides historical reference by developing and utilizing filing and retrieval systems; records meeting discussions; maintains transcripts; documents and maintains evidence.
Head of Premium Collections
- Responsible for the collection of premiums for the organization
- Works with software developers to develop efficient and easy-to-use premium collection software
- Advises the organization from time to time on how to improve and increase premium collections
- Collaborates with the head of sales and marketing to ensure that our insurance policies holders do not allow their policies to lapse
- Follows up on premium payment and send reminders from time to time to our policyholders to pay their premium
- Responsible for resolving any premium issues with our bank and policyholders.
Head of Claims
- Responsible for the payment of claims to policyholders that files for claims
- Ensures that proper investigations are carried out before claims are paid
- Reviews the organizations’ claims policy from to time to time to make it efficient and measure up with best practices in the industry.
- Keeps proper record of claims that are paid out by the organization
- Supervises the claims department
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
- Defines job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- Responsible for training, evaluation, and assessment of employees
- Responsible for arranging travel, meetings, and appointments
- Oversees the smooth running of daily office activities.
Marketing/Sales Executive
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
- Responsible for supervising implementation, advocating for the customer’s needs, and communicating with clients
- Develops, executes, and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represents the company in strategic meetings
- Helps increase sales and growth for the company
Accountant
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides management with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risk analysis.
- Performs cash management, general ledger accounting, and financial reporting for one or more properties.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the organization
- Serves as an internal auditor for the organization
Client Service Executive
- Ensures that all contacts with clients (e-mail, walk-In center, SMS, or phone) provide the client with a personalized customer service experience of the highest level
- Through interaction with students on the phone, uses every opportunity to build client’s interest in the company’s products and services
- Manages administrative duties assigned by the school coordinator in an effective and timely manner
- Consistently stays abreast of any new information on the schools’ products, promotional campaigns, etc. to ensure accurate and helpful information is supplied to students when they make inquiries
Front Desk Officer
- Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
- Receives parcels/documents for the organization
- Handles inquiries via e-mail and phone calls
- Distributes mail in the organization
- Handles any other duties as assigned by the Admin / HR manager
SWOT Analysis
May flora insurance brokers know that it will be in our best interest to identify our strengths and weaknesses; this is exactly why we engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a well–structured insurance agency that can favorably compete in the highly competitive insurance industry/market in the United States.
Part of what our team of business consultants did was to work with the management of the organization in conducting a SWOT analysis for May flora insurance brokers. Here is a summary of the result of the SWOT analysis that was conducted on behalf of May flora brokers. Before that, it is important to state that we have taken this really seriously.
- Strength:
It is compulsory for a business to have a record of its core strength. Its core strength lies in the power of our team; our workforce. We have a team that can go all the way to give our clients value for their money. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business. We also have an efficient and effective customized software application that will help carry out seamless insurance activities.
- Weakness:
As a new insurance agency in the United States, it might take some time for our organization to break into the market; that is perhaps our major weakness.
- Opportunities:
The opportunities in the insurance industry are massive and we are ready to take advantage of any opportunity that comes our way which is why we are going to be offering several insurance policies/packages.
- Threat:
One thing is certain, a weak economy is one major factor that is limiting growth opportunities for the insurance industry. Come to think of it, there is hardly any business or investment opportunity that does not come with its own fair share of threats and challenges. This is why most organizations conduct risk assessments on a regular basis so as to enable them to produce strategies that will help them stay afloat in the industry.
Another major threat and challenge that we are likely going to face when we start our insurance business are, of course, the arrival of other insurance agencies in the same location where ours is located and perhaps selling the same insurance policy covers as we do.
For sure if we have been able to come up with workable and winning strategies that will help us outsmart our competition in the location where our insurance agency is going to be located. With that, we are likely not going to struggle to grow our insurance company and also retain some of the best hands under our employment.
Over and above, just as in any other business and investment vehicle, economic downturn, unstable financial market, natural disasters, and unfavorable government economic policies can hamper the growth and profitability of an insurance company.
MARKET ANALYSIS
- Market Trends
One common trend is that, in the insurance industry, it is only the smallest insurers that exist as Single corporations. It is the practice in the insurance industry for most major insurance agencies to exist as insurance groups; they usually partner with holding companies.
This practice has loads of benefits and as a matter of fact, insurance groups are known to survive the turbulence in the insurance industry year after year and the survivability of single insurance agencies is pretty low. This is why you may hardly find an insurance broker that is not into the sale of various insurance policy covers ranging from motor vehicle insurance policies to pet insurance policy cover to marine insurance policy covers et al.
Another trend in the insurance industry is the creativity in premium collections. Most insurance agencies know that the survival of their business lies in the regular payment of premiums which is why they have to go all the way to put systems and processes in place that will help the collect premiums from the policies holders with ease.
If you keep tabs on successful insurance companies you will realize that they leverage on technology (internet and software applications et al) in running their business.
Our Target Market
Although May flora insurance brokers will initially serve the small to medium-sized markets in and around New York City – New York, that does not in any way stop us from growing to be able to compete with the leading insurance companies selling our insurance policies in the cities in the United States.
We hope to someday merge or acquire other smaller insurance companies and expand the sales of our insurance products and business beyond the shores of the United States of America.
As a standard insurance company, May flora has a range of insurance policy covers and we will also work hard to continue to add more insurance covers that are on sale in the insurance market in the United States of America hence expanding the scope of our target market from time to time.
Our target market cuts across people of different classes and people from all walks of life, local and international organizations as well. We are coming into the industry with a business concept that will enable us the sale of insurance policies to the highly placed people and companies in the country and at the same to the lowly placed people and smaller businesses.
In other words, our target market is the whole of the United States of America and subsequently other parts of the world. Below is a list of the people and organizations that we have specifically designed our products and services for;
- Students, Young Adults, The Elderly, and Children et al
- Businesses and Entrepreneurs
- Blue Chips Companies
- Corporate Organizations
- Manufacturers and Distributors
- Real Estate Owners, Developers, and Contractors
- Research and Development Companies
- The Government (Public Sector)
- Schools (High Schools, Colleges, and Universities)
- Hotels
- Sport Organizations
- Entrepreneurs and Start-Ups
A close study of the insurance industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer-centric, and proactive if you must survive in the insurance industry. We are aware of the stiffer competition and we are well prepared to compete favorably with other leading insurance companies in the United States.
May flora insurance brokers might be a new entrant into the insurance industry in the United States of America, but the management staff and board members are considered gurus. They are people who are core professionals and licensed and highly qualified insurance practitioners in the United States. These are part of what will count as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups insurance companies) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.
SALES AND MARKETING STRATEGY
Starting and running an insurance agency requires aggressive marketing which is why you have insurance salesmen and women who are always on your neck to market/sell one insurance cover or the other especially if you live in the United States of America.
So to stay afloat in the insurance industry, you must be ready to spend good cash on marketing, advertising, and promoting your insurance products. Your marketing and advertising departments must regularly come out with new innovations and products that can catch the attention of your potential clients.
This is why when we were drafting our marketing ideas and sales strategies for our insurance agency, we ensured that we created a compelling personal and company profile that include the profile of our board of directors and management team.
The truth is that if you have honest, trustworthy, and successful professionals on your board, customers can easily trust you with their hard-earned money. In some countries trust is one of the key factors that is hampering the growth of the insurance industry.
Nobody wants to buy insurance policies, pay premiums,s and is not certain if they can get claims when the time comes. Here are some of the platforms we will utilize to market our insurance policies;
- Introduce our business (insurance policy covers) by sending introductory letters alongside your brochure to individuals, investors, and corporate organizations
- Advertise our business in relevant business magazines (insurance magazines and business-related magazines) and be available for insurance-related talk shows and interactive sessions on TV and Radio stations)
- List our insurance company on local directories/yellow pages (both online and offline)
- Attend expos, seminars, and business fairs to network and sell our insurance policy covers
- Leverage the internet to promote our insurance business/insurance policy covers
- Join local chambers of commerce around us with the main aim of networking and marketing our insurance products.
- Engage the services of marketing executives and sales agents to carry out direct marketing of insurance products.
Sources of Income
May flora Insurance brokers are established with the aim of maximizing profits in the insurance industry and we are going to go all the way to ensure that we do all it takes to sell our insurance products to a wide range of clients and also ensure that we don’t struggle to collect premiums on a regular basis.
May flora Insurance agency will generate income by selling the following insurance policy covers to both individuals and organizations;
- Life and Annuities Insurance policy cover
- Health/Medical Insurance policy cover
- Car/Vehicle Insurance policy cover
- Pet Insurance policy cover
- Agricultural Insurance policy cover
- Aviation Insurance policy cover
- Financial Reinsurance
- Guaranteed Asset Protection Insurance policy cover
- Group Insurance
- Inland Marine Insurance/Marine Insurance/Shipping Insurance
- Travel Insurance policy cover
- Liability Insurance/Professional Liability Insurance
- Property and Casualty Insurance policy cover
- Consulting and Advisory Services (Within the Insurance Business)
Sales Forecast
As long as there are people living in the United States of America and businesses starting and growing in the U.S., they will always purchase one insurance policy cover or the other.
We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operations and grow the business and our clientele base beyond New York City, New York to other states in the U.S. and even the global market.
We have been able to critically examine the insurance market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in New York.
Below is the sales projection for Mutual Trust Insurance PLC, it is based on the location of our insurance company and the wide range of insurance products that we will be offering;
- First Year-: $500,000
- Second Year-: $1, 500,000
- Third Year-: $3,000,000
N.B: This projection is done based on what is obtainable in the industry.
- Our Pricing Strategy
When it comes to pricing products in the insurance industry, there is an established trend and in most cases, it is determined by the risk involved in the products/insurance policy covers. The calculation is usually done by experts.
Despite the fact that there are expected price standards for various insurance policy covers, one of the easiest ways of getting into the market is to sell your insurance products a little bit below the industry average and that is exactly what we are going to do.
- Payment Options
There is the need to have several payment options. At May flora insurance brokers, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
- Payment by via bank transfer
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment with cash
- Payment via mobile money platforms
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
Publicity and Advertising Strategy
The insurance business just like any other business requires media hype to get people to buy into the brand. We are aware that our brand has to do with the way people perceive our organization to be which is why we are going to be deliberate when it comes to communicating and promoting our brand.
In promoting and advertising our brand and insurance products, we are going to leverage both print and electronic media. As a matter of fact, it is cost-effective to use social media platforms to promote our brands, besides it is pretty much effective.
Here are the platforms we will leverage to create brand awareness for your insurance company and to promote our insurance products in the marketplace;
- We will place adverts on national TV stations, Radio Stations, and Newspapers/Magazines
- We will run our own special TV program (insurance-based program)
- We will sponsor relevant community programs
- We will leverage the internet and social media platforms like; Instagram, Facebook, Badoo, YouTube, Twitter et al to promote and advertise insurance products
- We will install our Bill Boards in strategic locations all around New York City – New York and other cities in the U.S.
- We will engage in road shows from time to time to create awareness of our insurance company and to sell our products
- We will distribute our fliers and handbills to targeted areas from time to time
- We will send out introductory letters to multinationals, embassies, and diaspora organizations and networks in and around New York City
- We will encourage the use of word of mouth, especially from loyal customers
- We will ensure that all our vehicles are branded with our company’s logo
Financial Projections and Costing
When it comes to starting an insurance agency, you should be aware that the cost is two fold; the cost of setting up the office structure (including branches) and of course your capital base/capitalization. In essence, the nature and size of the insurance company you are looking toward starting will determine the amount you are expected to raise.
As regards the cost of setting up the office structure, your concern should be to secure a good office facility in a busy business district; it can be expensive though, but that is one of the factors that will help you position your insurance company to attract the kind of customers you would want to do business with.
These are the key areas we will spend the bulk of our start–up capital on;
- The Total Fee for incorporating the Business – $750.
- The budget for insurance policies, permits, and licenses – $10,000
- The Amount needed to acquire a suitable Office facility in a business district in New York City with 6 months’ rent up–front (Re-Construction of the facility inclusive) – $50,000.
- The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets, and electronics et al) – $5,000
- The Cost of Launching our official Website – $600
- Budget for paying at least 10 employees for 3 months and utility bills – $200,000
- Additional Expenditure (Business cards, Signage, Adverts, and Promotions et al) – $2,500
- Capital Base – 1 Million Dollars
- Miscellaneous – $10,000
Going by the report from the research and feasibility studies conducted, we will need about 1.2 Million U.S. Dollars to set up a small-scale but standard insurance company in the United States of America.
Generating Funding/Startup Capital for May flora Insurance Brokers
Our insurance brokering form is going to start as a private Limited Liability Company but with a plan in the nearest future to transform into a public limited liability company so as to enable us to get listed on the New York Stock Exchange. In essence, the business will be financed by Dr. Wilcox Carrington, Mrs. Ruth Ferguson, and other members of the partnership.
These are the areas we intend to generate our start-up capital;
- Generate part of the start–up capital from personal savings
- Source for soft loans from family members and friends
- Apply for a loan from my Bank
N.B: We have been able to generate about $700,000 (from every member of the partnership with the bulk of the money coming from the lead partners Dr. Wilcox Carrington and Mrs. Ruth Ferguson). We are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
BUSINESS GROWTH: Sustainability and Expansion Strategy
It is easier for businesses to survive when they have a steady flow of business deals/customers patronizing their products and services. We are aware of this which is why we have decided to sell a wide range of insurance products to both big and small clients, individual clients, and corporate clients as well.
We know that if we continue to sell our insurance products and continue to collect premiums on a regular basis, there will be a steady flow of income for the organization. Our key sustainability and expansion strategy is to ensure that we only hire competent employees, and create a conducive working environment and employee benefits for our staff members.
In the nearest future, we will explore the options of either merging with another insurance companies or acquiring one or more insurance companies in order for us to increase our market share. We know that if we implement our business strategies, we will grow our insurance business beyond New York City, and New York to other states in the U.S in record time.
Check List/Milestone
- Business Name Availability>Completed
- Business Incorporation: Completed
- Application for Insurance License: Completed (Collected)
- Opening of Corporate Bank Accounts at various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: Completed
- Application for business license and permit: Completed
- Purchase of All forms of Insurance for the Business: Completed
- Conducting Feasibility Studies: Completed
- Generating part of the start-up capital from the founders: Completed
- Applications for Loan from our Bankers: Completed
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: Completed
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing/Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the Needed furniture, office equipment, electronic appliances, and facility facelift: In progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with key players in the industry: In Progress.