Pradeep Vaidya, CEO, Promtech Consultancy explains how to be a successful entrepreneur in paints and coatings business

Why do you suggest metal finishing chemicals and for which industries?
Metal finishing products and anti-corrosion coating products find unlimited use in powder coating plants, paint shops, plating shops, HT plants, auto components and sheet metal components manufacturers, HVAC, MS, SS and GI fabricators. All these industries exist in each and every industrial city in India. Hence, there exists an abundant sales potential for these products.

Who can avail this offer from Promtech Consultancy?
Each and every young graduate has a burning desire to be something good in life, new generations business owners, tiny/SSI units planning expansion, hardware dealers, off-shore supply firms, powder and paint manufacturers and dealers, and all those who wish to make a bright career can avail to this offer from Promtech Consultancy.

What must be the basic quality and pre-requisites in a person willing to make a start up venture?
The most needed basic virtues are capacity to work hard, complete and total dedication. Total understanding of the products and subject. Must be willing to accept harsh criticism, adverse comments, long working and waiting periods, and rejections from supplies and buyers.

What are the salient features of the products for which Promtech Consultancy offers know-how and formulations?
The metal pre-treatment chemicals, metal cleaners, anti-corrosion coatings, metallic finish paints, are all mostly cold mixing products, no need of power, no effluents, most simple to make, batch finish time maximum 30 to 60 minutes, batch sizes 10 kgs to 500 kgs, no machinery, 100 per cent yield, no wastage.

What will be ideal business model for new start-up?
Young and new generation business owners can form a single owner propriety company or 2 or 3 persons can join hands and form a partnership firm. It is always advisable to have two technocrats in any start-up venture. The production/government departments, taxation, purchase factory administration needs to be handled by a dedicated person. Marketing, sales, development of new buyers, booking of new orders and follow-up for new orders are the function be one partner, the marketing persons need to be versatile, multi featured, talkative, well versed with the subject and products. Must know technical aspects, be very presentable, soft spoken, polite and receptive. All these are most essential qualities for maintaining a good PR effort in every business.

What are the major advantages for any buyer from supplies/services coming from local technocrats?
Most important saving will be up to 40 per cent. This essentially comes from savings and avoidance of forwarding and freight, transit damages, local taxes, goods entry permit hassles for goods imported from other states, delays in supplies, transit damages, anxieties on delays, material collection and bearing the distant suppliers profits. Added to all this will be CST formalities, issue of CST forms and the administrative work involved. All these costs are increasing every day and eating up profits of the buyers firm. All this is eliminated through local purchase and hence there is a bright scope for creating new suppliers for such easy to make chemical products in every industrial city.

Will Promtech Consultancy offers these PTP chemicals products manufacturing know-how in gradual succession one product after the other, for the fresh graduates?
Yes, all the products offered in the metal finishing range can be manufactured, one after the other, by quick start with one or two products. On successful launch and market capture and gain of confidence in marketing and after screening the entire industrial area by you, in your city and in a 50 kilometre radius of your residence and unit.

What will be maximum initial investment for PTP products manufacturer?
A reasonably comfortable and achievable sales target for the first 3 to 6 months shall be Rs 50,000. This figure will take very good care of the technocrat and 1 or 2 workers. An initial total investment in RM and Inventory shall be Rs 50,000. All these targets are then jacked-up.

Authored by__
Pradeep Vaidya, CEO,
Promtech Consultancy
Cell: +91-9820181738
Tele: +91-22-25883265
Email: puvpromtech@gmail.com
www.promtechaerosol.com