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Lanyard - Business Proposal

This document proposes a small business selling lanyards for face masks. Face masks are recommended to limit contact and keep the outer surface clean when not in use. The proposal suggests attaching clips from a lanyard to the ear loops of a face mask so it can be worn around the neck for easy access. Production costs for lanyards are estimated, with an expected 135% return on investment selling 10 pieces daily at 100 pesos each. The growing face mask market provides an opportunity for increased lanyard demand.

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Paul Suico
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868 views4 pages

Lanyard - Business Proposal

This document proposes a small business selling lanyards for face masks. Face masks are recommended to limit contact and keep the outer surface clean when not in use. The proposal suggests attaching clips from a lanyard to the ear loops of a face mask so it can be worn around the neck for easy access. Production costs for lanyards are estimated, with an expected 135% return on investment selling 10 pieces daily at 100 pesos each. The growing face mask market provides an opportunity for increased lanyard demand.

Uploaded by

Paul Suico
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

LANYARD- SMALL

BUSINESS
PROPOSAL

Prepared by
Calvin Paul P. Dapitanon
dapitanoncalvin@[Link]
August 15, 2021
Summary

A lanyard is a fabric or rope neck loop which is often used to hold identity cards
or access passes. You might get a lanyard at an event or conference so security can
easily identify who should be there and who shouldn’t.

A lanyard for your face mask works in a similar way, but instead of creating a closed-
loop, it is open and has two attachments. You attach a clip to each ear loop of your face
mask and then wear it around your neck. Like a lanyard for your glasses, you’ll then
have easy access to your face mask when you need it most.

Problem

Face masks are only effective if you wear them correctly. When you wear a face
mask, the outer part can become moist and attract virus particles. This is why limiting
contact with the main part of your mask is so essential.

In situations where you need to put on and remove your face mask repeatedly, you
have a choice to make. You can put your mask in your pocket, leave it hanging from an
ear, slip it down to your chin, or place it in your bag.

It’s generally recommended that you should limit contact with your face mask when you
aren’t wearing it. This means it should either be doing its job or protecting your mouth
and nose, or it should be away from your skin.

Solution

By using a lanyard, you keep your mask close by but you only have to touch the
straps. The lanyard will also keep your mask facing the same way, so there’s no risk
that you switch sides and place the outer layer directly on your face.

One doctor has suggested an excellent way to keep your face mask to hand at all times.
By placing your face mask on a lanyard, you can keep your hands free for other things.
Your mask will always be close by so you can slip it on at a moment’s notice (Brickell,
2020).

Target Market

The Face Mask market is expected to grow on the back of the Coronavirus
Pandemic and an increase in air toxic pollutant levels. The Face Mask market will grow
exponentially as people use face mask in their everyday routine almost bye everyone.
A considerable increase in the ease of wearing a face mask will leave a positive impact
on their demand and the lifestyle of consumers. With this, we could also expect an
increase demand of the use of lanyard.

Production Cost

Lanyard will be sold for 100 Pesos each. Material Cost for a 20 pieces of Lanyard

Beads 520
tie/nylon 55
letter design 100
Other expenses (candle, glue and etc.) 100
packaging 75
Total 850

20 pieces x 100 pesos = 2000 Pesos


2000 – 850 = 1150 Pesos
An 1150 Pesos income for an 850 Pesos investment

Average of 10 pieces Lanyards sold daily


Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7

revenue 1000 1000 1000 1000 1000 1000 1000

expenses 425 425 425 425 425 425 425

income 575 575 575 575 575 575 575

Computation below shows that for expected rate of return is 135%.

ROI = (Average Net Cash/ Total Project Cost) x100%

= 575 / 425 x 100 %

= 135%

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