Looking to start a cashew processing business from scratch? Or do you need a sample cashew processing business plan template? then I advise you to keep reading.
“One fruit a day keeps the doctor away.” although that cliché remains true today, as it always has been. The value of the fruit for the human body in terms of vitamins is undeniable. Cashews are very nutritious and contain energy, antioxidants and vitamins essential for good health. Rich in calories, fiber and many other minerals that help protect us from disease and even cancer.
Although cashews, like most fruits, are seasonal fruits, there are many business advantages and benefits to processing them into other products that you can choose to take advantage of and profit from in the business. Starting a cashew processing business requires technical details that require a lot of attention.
So what steps do you need to take to start a cashew processing business and make it a viable and profitable business? Here are a few steps …
Starting a Cashew Processing Business – Sample Business Plan Template
1. Do your research
There isn’t any business that you might want to get into that doesn’t require you to do some substantive work to understand how things work. A cashew nut processing company is therefore launched. In your research, you need to determine the benefits of cashews, the season they are still available, the benefits that can be derived from them, when they can be purchased at harvest, how long they can be stored, etc. .
Your research will also include how cashew businesses work. Therefore, you have to go to one or two companies to see the process and type of machines used to process cashews, and you can also use the internet for more information.
2.Choose a name and register your business
Your business should be identified and therefore you should choose a suitable name for it and then proceed with the registration of the relevant authorities and institutions that may be required when you wish to operate the business. You may also need to register with a cashew growers association or other such association in the community you are in in order to run the business.
3. Choose a location for the business / business
Placing a business next to a cashew farm has more advantages than locating it far from the farm, which will increase shipping costs and overhead in the long run. And positioning them next to the farm also means they need to be delivered on time to avoid premature rotting of the fruit.
4. Obtain a building permit
Not only do you need to obtain an operating permit, but you also need to contact the agency responsible for the construction of buildings in the city in which you want to locate the cashew processing plant for the necessary verification and approval of the plan. of construction. In some places, certain types of buildings are not allowed in certain areas because they do not correspond to the city or town master plan. Therefore, you need to confirm and get permission.
5. Partnership search
You need to have some form of partnership or alliance with farmers who can supply you regularly while they are harvesting cashews from their farms. You will also do well by looking for investors who can partner with you for financing; banks, equity investors, etc.
6. Look for professionals: When building a cashew processing plant, you should employ a professional in all aspects of the construction. Engineers, electricians and what have you.
7. Employees -: You must now hire hands to work in the factory; full time and part time. Those who will be involved in administrative and factory activities; such as drivers, boot loaders, etc.
8. Market tests: … Now that everything is in place, you need to produce the product and test the market to see if it accepts and also get feedback to find out what areas need to be changed to improve the overall quality.
9. Refine your product -: Go back to the reviews and narrow down the details you need to improve before you put them to market. This is a very sensitive step that requires so much attention to break even.
10. Have a website
It cannot be overcrowded. Even if you are doing small-scale business, you still need a working website How to Buy Processed Cashew Product, where to buy it, even prices and photo gallery of different types of processed cashew product that you have.
Then you need to start advertising your business. Use various forms of media to educate yourself about the shopping market, your business existence and the benefits it can get from cashews to get them to buy. You may also need to offer a bee product for free as a publicity stunt.
Here are some tips for starting a cashew processing business.