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T’s Umbercoats is a combination of a raincoat and umbrella joined together. This exotic product was created and owned by Treniece Flowers. Her aim for the business is to introduce a new modern product to the market which serves to protect customers by not only sheltering their head but also their entire body. T’s Umbercoats is sole trader business and also provide services to all members of the community. With the collaboration it makes it an affordable product because you can get two products for the price of one. This factory will be supplying for the people of Belize and later on to exporting internationally. Apart from earning maximum profit, T’s Umbercoats is all about keeping customers protected.
In order for T’s Umbrella to be established sources of capital must be in existence.
T’s Umbercoats is a medium size scale business; hence a loan will be taken from the bank.
Startup businesses are usually offered bank loans, which is an advantage. Savings will also be used to start the business.