Copra has traditionally been grated and ground then boiled in water to extract coconut oil.It was used by Pacific island cultures and became a valuable commercial product for merchants in the South Seas and South Asia in the 1860s. Your business plan is the foundation of your business. Dry processing entails that the meat be extracted from the shell and dried using fire, sunlight, or kilns to create copra and the all- wet process make use of raw coconut rather than dried copra, and the protein in the coconut creates an emulsion of oil and water. These are the areas we intend generating our start – up capital; N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. While there are several agribusinesses that have high potentials for profitability, Coconut oil production is a great one to venture into, if executed at the right scale with a broad diversity in coconut oil produced and sold both locally and for exports. Those in this line of business are also smiling to the bank as the demand is on an all-time increase. 1. Soaps made with coconut oil are more soluble in hard water and salt water than other soaps allowing it to lather more easily. leading the development and implementation of the overall organization’s strategy. Maintains a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. However, if you intend starting it on a large scale, then you should consider spreading beyond your local community to state level and even national level. 1. As a result of that, we were able to conduct a thorough market survey and feasibility studies so as to position our business to take advantage of the existing market for coconut oil and also to create our own new market. Page - 1 as well as with company policies and procedures. Collect the combined oil from the first pressing method and the second pressing takes place in the separate tank. Conclusion. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount. Filter the oil with the help of the filter press; you will get the oil cake as a byproduct, Oil cake is used as ready-made cattle feed, Extracted oil filters twice to get the fine filter quality oil. STEP TOWARD BUSINESS Was Started With A Mission Of Educating Young Students And People Who Want To Be An ENTREPRENEUR. Broke the shell of the coconut and keep it in sun to dry, and then separate the nut from husk on next day. Create an executive summary. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. After the oil extraction, the by-product is known as copra cake or copra meal. and she holds a Master’s Degree in Business Management (MBA). Once oil has been extracted from the dried copra, it leaves a brownish, fibrous material which is good as feed additive or ingredient: Markets , Applications, Suppliers & Buyers: Copra Meal: Copra Meal: World Supply and Distribution - 1997 to 2002 The Total Fee for Registering the Business in the United States of America –, Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) –, Marketing promotion expenses for the grand opening of Novena® Coconut Oil Production Company in the amount of, Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium –, Cost for payment of rent for 12 month at $1.76 per square feet in the total amount of, Cost for construction of a standard coconut oil production plant –, Other start-up expenses including stationery (, Operational cost for the first 3 months (salaries of employees, payments of bills et al) –, The cost for Start-up inventory (raw materials, drums, bottles and packaging materials et al) –, Storage hardware (bins, rack, shelves, food case) –, Cost for coconut oil extracting and packaging equipment –, Cost for store equipment (cash register, security, ventilation, signage) –, The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, Fax Machines, tables and chairs et al) –, Generate part of the start – up capital from personal savings and sell of stocks, Source for soft loans from family members and friends. Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. Of the 45 million investors in China, almost 90% are individuals. Free Commodities Trading Firm Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner. More than ever before, coconut oil is now being used by all and sundry and this is because of the health benefits that one stands to gain when one uses it. From which you can get a government facility. Please note that the above projection might be lower and at the same time it might be higher. 3). You have to pack your coconut oil item in an attractive way so you can attract customers. Copra cake is a byproduct of the coconut oil extraction process. where you can sell your product directly to the customer. Brown and her immediate family members. Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones, Models demographic information and analyze the volumes of transactional data generated by customer purchases, Identifies, prioritizes, and reaches out to new partners, and business opportunities et al, Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients, Develops, executes and evaluates new plans for expanding increase sales, Documents all customer contact and information, Represents the company in strategic meetings, Helps to increase sales and growth for the company, Responsible for preparing financial reports, budgets, and financial statements for the organization. It also provides a step-by-step plan for improving our sales, gross margin, and profitability. Introduce our coconut oil brand by sending introductory letters to beauty and skin care manufacturing companies, coconut oil merchants and other stakeholders in Trenton – New Jersey and other cities both in the United States of America and Canada, Open our coconut oil production company with a party so as to capture the attention of residence who are our first targets, Engage in road show in targeted communities from time to time to sell our products, Advertise our products in community based newspapers, local TV and radio stations, List our business and products on yellow pages ads (local directories), Leverage on the internet to promote our coconut oil brands, Encourage the use of Word of mouth marketing (referrals), Place adverts on both print (community based newspapers and magazines) and electronic media platforms, Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to promote our coconut oil brand, Install our Bill Boards on strategic locations all around major cities in the United States of America and Canada, Engage in road show from time to time in targeted communities, Distribute our fliers and handbills in target areas. 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