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Published byJustin O’Connor’ Modified over 9 years ago
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By: Tim Kubetz
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Started bait making as a hobby 6 years ago Founded Wildlands Precision Bait Co. with a three fold purpose 1. To become more skilled in the craft while teaching others 2. To gain insight and experience in running a business 3. To raise money to fund future projects at Wildlands
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Tim Kubetz: Co-founder, Production Overseer and Painting and Finishing Technician Dan Wiersgalla: Co-founder, Hardware installation and lure assembly Alex Gajewsky: Lathe operator and Carving Technician
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Necessary to see if business will be profitable Contains three main sections
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This section contains your purpose statement
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To raise money for our school by manufacturing and selling top quality, hand crafted fishing lures.
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Outlines all the main facts about the business and how it will operate Contains four parts: 1. Description of business 2. Marketing 3. Operating Procedure 4. Personnel
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Tells you whether your business will profit or not Includes: Capital spending list Breakeven analysis Profit projections
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Started first baits on Oct. 12 Lures are produced in “assembly line” fashion Initial batch was 34 lures. Finished on Jan 10.
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Motorized Drying Wheel
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Darth Vadar
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The POP-arrazi!!!
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Available in four color patterns Copy Cat: Baby Bass: Citrus Shad: Feelin’ Froggy:
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The Disco Dog
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Available in three color patterns Baby Bass: Copy Cat: Tablerock Shad:
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The Tweeder
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Available in three color patterns Fire tiger: Baby Bass: Copy Cat:
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In order to insure profit Projected price of materials was $1.40 per bait Labor is donated and thus no expense Based on competitor prices Cost of equivalent factory lures $5-18 Cost of hand crafted lures $10-50 All WPB Co. models cost $9 each
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1. To friends and acquaintances (face to face sales) 2. Tackle Stores 3. Swap meet at the WBFN Representatives meeting
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Sold 9 lures Raised $87 to donate to the schools project fund
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Streamline production work for more efficiency Get our baits into tackle shops to sell Continue with some of the current models but also experiment with other styles.
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Imagine this: Your walking down the aisles at Bass Pro Shops, just drooling at all the lures and wishing you could by all of them. All of a sudden a familiar sight catches the eye. It’s a Wildlands Bait Co. logo. WPB Co. has made the big time!
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