A Business started up with the aid of charity must not break the chain of Charity. That being said, the Campaign Goal set for this venture facilitates two motives. The 1st being, the starting up of a new T Shirt printing business; while the 2nd will constitute the charitable aspect of said business being the utilization of 30% of the profits going towards the education of students within Trinidad and Tobago (mainly the funding of laptops for online learning).
The most simple design on a T Shirt sells for hundreds of dollars due mainly to the brand name of the manufacturer. While I am not discrediting the manufacturers’ quality, what are distributed from them are mass produced products that limits individuals’ personality and expression through dress. Being able to produce quality customized and personalized designs that fit the consumer's personality at a reasonable price will no doubt bring marketability. Social Media being the number one source of advertising in today's technological society also aids to push the marketability of such a commodity. Finally the charitable goal of this small business can in fact bring in a bigger consumer base, as individuals will know that their investment to the business will aid in building the education of the youths within Trinidad and Tobago.
Long Term Assets:
Heat Press - $2000
vinyl cutter - $2800
Printer - $2000
Total - $6800
Monthly Cost: (Restock only when inventory is under 25%)
T Shirts - $4500
Trasfer paper- $1400
Total - $7300
Profit- Selling Price- Production Cost
Prodution Cost per T Shirt = $70.50 (Inclusive of Long Term Assets)
Selling Price per T Shirt= $85.00
Profit Per T Shirt = $14.50
Charity= $14.50 x .30 =$4.35 per T shirt sold
The innovation behind this business idea came out of contemplation to combating an economy crippled by Covid 19. It is expected that economic downfalls will lead to consumers looking for cheaper alternatives. A venture being able to produce quality commodity at a low price while still being able to contribute charitably to the community will aid in the rebuilding of said economy and also contribute to the growth of the business.
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