My business involves manufacturing finished product of Steel Cookwares and selling it to re-sellers. I have identified a cookware manufacturing team(already in business for X yrs) who agreed to partner with my team as I don’t have the resources required to make the finished product.
My team will have to source/handle – capital, branding, intellectual properties such as original designs, go to market strategy, marketing, sales and run the whole show.
The manufacturing team will source the raw materials, employees, skills, tools, equipment for manufacturing the final product.
As they are very much interested with the unique lineup of steel cookwares, they are even ready to open a separate vertical to handle the orders I get from the market. The manufacturing team is asking me to come up with Business Partnership proposal and a Business Plan for the business to start the operations.
What all I should cover in such a business proposal with my partner business? How do I go about it?
Thanks,
Arun
@_arunantony
asha chaudhry
hey arun,
pls share this link with ramanuj on this page – https://www.therodinhoods.com/forum/topics/ask-ramanuj-about-business-laws-how-to-make-money-by-selling-onli
he should be the right person to guide you.
we also have a business plan template by abhinav – https://www.therodinhoods.com/forum/topics/business-plan-template-free-download
ps: pls mention your twitter handle at the end – helps me mention while tweeting 🙂
Arun Anto
Thanks Asha.
@_arunantony
JITENDRA SHAH
Hi Arun,
At the outset, in my view, you are not entering into any partnership as far as the nature of the proposal you have discussed, goes.
What you are proposing to do is to ask the identified party having manufacturing set up to do CONTRACT MANUFACTURING for you.
In fact that is a much better and clearly definable option of who will do what and how.
Apart from professionally advising on the strategy and salient aspects of negotiating the deal, I can draft relevant documents covering all aspects for you. Should you feel interested, mail me on jitubhai1@gmail.com
Arun Anto
Thanks Jitendra. I’ll surely connect with you in a while.
Alok Rodinhood Kejriwal
did you get your answer?
Arun Anto
Yes Alok. Along with the answer, I was also looking for the right term to call this relationship between 2 businesses. I learned from here(thanks to Jitendra Shah) and as well as from the Quora(https://www.quora.com/How-do-I-come-up-with-a-Business-Partnership-Proposal-with-a-Manufacturing-Partner-in-India) that it can be called a “Manufacturing Agreement” or “Manufacturing Contract” or sometime even called as “White Label or Private Label Manufacturing” depending on the nature of contract with the manufacturing business.