Water Sampling Pole Business Plan Development

Closed
Swim Drink Fish
Toronto, Ontario, Canada
She / Her
Western Watersheds Manager
(3)
4
Project
Academic experience
120 hours of work total
Learner
Anywhere
Advanced level

Project scope

Categories
Market research Operations Competitive analysis Financial modeling Product or service launch
Skills
marketing strategies feasibility studies competitive analysis market potential business planning cost estimation market analysis revenue forecasting financial forecasting new product development
Details

Swim Drink Fish, a non-profit organization dedicated to ensuring swimmable, drinkable, and fishable water for everyone, is exploring the feasibility of selling water sampling poles. These poles are essential tools for collecting water samples, which are crucial for monitoring water quality. The goal of this project is to create a comprehensive business plan that outlines the market potential, operational requirements, and financial viability of this new venture. The project will involve market research, competitive analysis, cost estimation, and revenue projections, along with understanding how and where to manufacture this product in a cost-effective manner. By the end of the project, Swim Drink Fish aims to have a clear understanding of whether entering the water sampling pole market is a feasible and sustainable option for the organization.


Being a non-profit, Swim Drink Fish is exploring diversifying our funding sources and we believe that by selling water sampling materials, we may generate extra funding for our projects that give back to communities in Canada.



Key tasks include:


  • Conducting market research to identify potential customers.
  • Discovering a manufacturer for these poles
  • Analyzing the costs associated with manufacturing and distributing water sampling poles.
  • Developing a marketing strategy to promote the product.
  • Creating financial projections to assess profitability.
Deliverables

The deliverables for this project will include a detailed business plan and a feasibility report. The business plan should cover market analysis, marketing strategy, operational plan, and financial projections. The feasibility report should provide a clear recommendation on whether Swim Drink Fish should proceed with selling water sampling poles based on the findings from the business plan.



Key deliverables include:


- A comprehensive business plan document.


- A feasibility report with recommendations.


- Presentation slides summarizing the key findings and recommendations.

Mentorship
Hands-on support

Direct involvement in project tasks, offering guidance, and demonstrating techniques.

Tools and/or resources

Providing access to necessary tools, software, and resources required for project completion.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

Clean water and sanitation

About the company

Company
Toronto, Ontario, Canada
11 - 50 employees
Environment

Swim Drink Fish is an environmental non-profit focused on understanding and decreasing pollution in waters where communities swim, drink, or fish. We practice community science, an inclusive and collaborative approach to watershed management and research. Our methods are specifically designed to train community members to collect and share water quality information. While practicing science, communities feel more connected to their waters and culture. We provide lab equipment, resources and training for water monitoring to communities focused on swimmable and fishable waters.

We aim to turn communities' connections to water into meaningful action towards restoring and protecting local watersheds. All of us have a different level of connection to water, but through our programs that tell stories, support and build water literate communities, collect scientific data, and work to create access to blue space, we all collectively empower social and environmental change. These programs vary in scope, providing different epistemologies to capture the multitude of ways by which individuals and communities can foster their connection to water, so they’re better equipped to support their neighbours in protecting their waters from pollution in a way that is impactful for all (human and non-human).