Sustainable Press-On Nail Business Plan

In the course "Entrepreneur," during my Master's program, I created a new business called Impakt Nails that offers long-lasting, circular press-on fake nails made from recycled plastic sourced from bottle cap waste. The mission was to reduce plastic waste and create a sustainable and innovative product for our customers. I worked with a nail mold manufacturer in Michigan that sources plastic palettes from recycled plastic bottle caps in Florida. The production process was entirely within the mainland United States, with all transportation being ground. The packaging was also eco-friendly and compostable, with wildflower seeds embedded in the material. The forecast showed I could become a fully circular company within eight years of business with our take-back service. I aimed to eliminate sourcing from plastic bottle cap waste and use only our products to make new ones. It also planned to become plastic-free within ten years as resin technology develops. To present my business to investors, advisors, and customers, I created a research report and three separate presentations on Canva. Additionally, I projected our income statement and cash flow forecast using Microsoft Excel and Google Docs. The product offerings include classic and solid colors and collaborations with famous black, Latinx, and Asian nail artists in Chicago. The company also offers a 15% discount on the customer's next order and is transitioning from a sharing economy to a circular economy. By producing innovative and sustainable products, I want to impact the beauty industry while reducing plastic waste positively.

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