Groundnut business plan

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Groundnut business plan

Grocery Stores and Supermarkets Our Competitive Advantage Our intention of starting a cooking groundnut oil production company is so as to be able to give our various customers not only here in the United States of America but all over the world, quality cooking groundnut oil that is cholesterol free.

To be able to achieve this, we have drafted strategies that will allow us have a competitive advantage over that of our competitors. Our first competitive advantage is in the quality of groundnut oil we are giving our customers all over the world. Because this is oil that is to be consumed, we have taken great care in ensuring that from the raw materials down to the processing all go through a high standard of quality checks.

We take great pride in ensuring that our customers can trust our cooking groundnut oil. We have engaged the services of the best professionals who not only know this industry thoroughly but also understand how best to make a business become the world standard we have intended for it.

Our employees also understand our corporate philosophies and goals and are willing and dedicated to ensuring that we achieve it.

We have put in place processes and plans that will ensure groundnut business plan our employees receive trainings as at when due. These trainings will allow them to have enhanced skills that will also improve their productivity for the company.

We will also ensure that our employees are well paid and have better welfare packages than that of their counterparts in similar startups such as ours. Finally, we will ensure that we put our customers first by not only meeting but exceeding their expectations.

We will ensure that we take good care of our loyal customers and offer them incentives. We will ensure that we keep an updated customer database so as to keep in touch with our customers and allow them be aware of our products and other services that we might be offering.

We intend to make profits from sales of different products and offering of services groundnut business plan our various customers. McQueen Groundnut Oil Inc will generate revenue from the following products and services; Sale of processed groundnut oil for domestic and commercial purposes Sale of byproduct — groundnut cake Sale of groundnut sludge Consultancy and Advisory Services Sales Forecast Groundnut oil is a cooking oil that is being consumed daily by most people and used for domestic and commercial purposes and therefore will always be in demand.

Our location here at Fort Lauderdale — Florida is one that is very groundnut business plan and has us very optimistic of being able to not only generate the needed revenue within one year but also one that will allow us maximize our profit, as the forecast has shown that this is highly achievable.

We carried out several researches whilst conducting our sales forecast and used several assumptions and information from similar start-ups such as ours not only here in Florida but also all over the United States of America so as to be able to get accurate data to arrive at the below stated projections.

The above sales projections were done based on certain assumptions and what was obtainable in the industry at the stated period. Should there be any change in the above assumptions, our sales projections for the stated period will be affected. Marketing Strategy and Sales Strategy When writing a business plan, one important element that is not usually overlooked is the marketing and sales aspect.

Not only are strategies created to better market a product or service, a budget is also created so that strategies can be effectively implemented.

Marketing also serves a dual purpose as it not only generates revenue for the company but also creates awareness for the business as well. Due to how delicate marketing is, we intend to hire reputable marketing experts who understand the nature of our business and the industry we are operating in to help create effective marketing strategies that we will use to be able to compete favorably against our competitors all over the United States of America.

groundnut business plan

We will not be limiting our marketing efforts to merely just the conventional means. We will be making use of unconventional means via technology to also market and sell our cooking groundnut oil to our target market.

Our marketing team will be well versed in handling all our online affairs so as to attract more potential customers to our business from other states and even countries. We will also empower our marketing team to conduct more market researches in order to be able to determine new target markets for our business.

Our marketing team will also monitor marketing strategies and remove or modify those that are thought to be ineffective. We will in fact provide them with all that is necessary to be able to achieve our corporate sales goals and objectives.

Therefore the marketing and sales strategies that we intend to adopt for McQueen Groundnut Oil Inc are; Ensure that we introduce our groundnut oil company officially to wholesalers and distributors as well as other industry stakeholders Throw a grand opening party so as to create awareness about our business to our target market Advertise our cooking groundnut oil business in newspapers local and national as well as on radio and television stations Ensure that we engage in direct marketing and sales to our various customers Use our social media platforms such as Facebook, Twitter, LinkedIn and Google Plus to market our cooking groundnut oil business Ensure that our groundnut oil business is listed in local directories Yellow Pages and on online directories as well Cooking Oil Production Business Plan — Publicity and Advertising Strategy Publicity is very important for every business, as it is what allows the target market that consists of both existing and potential customers.

This is why even though a business has been established for a long period of time, it still engages in publicity so as to be able to not only retain its customers but also attract new customers to patronize it.

Business plan for groundnut processing

The publicity we tend to create for our business is one that will project the image of our business positively. In a bid to ensure that we create effective publicity strategies, we intend to engage the services of a brand consultant who understands the business and the industry we are in.

Below are the platforms we intend to use in creating awareness as well as advertising McQueen Groundnut Oil Inc; Create an official website and use this to create awareness about our groundnut oil producing company Place adverts in local and national newspapers and on radio and television stations here in Florida and nationally as well Participate in and sponsor relevant community programs here in Fort Lauderdale Use our social media platforms such as Facebook, Twitter, LinkedIn and Google Plus to promote our groundnut oil producing company Place attractive and distinctive bill boards in strategic locations all around Florida and outside its environs Write articles and post on different relevant blogs and websites Our Pricing Strategy Determining what price to set for your products and services is very important and requires making detailed strategies to ensure that one picks just the right price that will not be detrimental to the business or chase customers away.

In setting the right price for our business, we will consider our overhead and running costs as well as what our customers are also offering the target market. However, while we intend to set the right price that will just be right for our business and fair to our customers, we will offer a discount in the first two months of our operations in order to attract customers to our business.

After taking a thorough look at this strategy, we are convinced that we will not be running at a loss even though our profit margins might be low for these periods. Payment Options Any smart entrepreneur knows that it is very important for customers to have convenient means by which they pay for products and services.Strategic Plan: What Is It?

A Strategic Plan will be used to outline the purpose of Simple Instructions · Easy Step-By-Step Guide · Approved In All 50 States · Print % Free. Groundnut Oil Production Business Plan – Executive Summary McQueen Groundnut Oil Inc is a leading and standard groundnut oil producing company here in Fort Lauderdale – Florida that intends to produce cooking groundnut oil to domestic and commercial customers not only here in the United States of America but also all over the world.

Kingdom Business Plan and Summary February Name: Adisa Address: Nalogba, Northern Region, Ghana Business Name and Address: Shea Butter, Kuli Kuli, and Groundnut Oil Production & Sales Executive Summary Business Description This business is a shea butter, kuli kuli, and groundnut (peanut) oil production and sales business.

Groundnut oil production in India is financially a profitable venture with huge export potential. In addition, you can initiate the groundnut oil processing operation as small and medium scale basis according to the desired output and project cost. Groundnut oil business plan pdf. 5 stars based on reviews Essay.

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groundnut business plan

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