Business Plan for Soybean Oil Manufacturing
₦120,000.00
This business plan provides the information needed to make decisions about starting a soybean oil manufacturing plant. It is designed to attract investors to the business.
What is Soybean Oil
Soybean oil is a vegetable oil extracted from the seeds of the soybean (Glycine max).
Uses of Soybean Oil
It is one of the most widely consumed cooking oils and the second most consumed vegetable oil. As a drying oil, processed soybean oil is also used as a base for printing inks (soy ink) and oil paints. It is also used for medicine and in insect repellants.
Customer Analysis
The main users of Soybean oil in Nigeria are households and manufacturers of snacks, cosmetics, printing ink and oil paints. Internationally users include:
Industry
The main producers of Soybeans oil in Nigeria are: Grand pure soya oil, Â Golden penny soya oil, Bow soya bean oil.
The Business Opportunity
In the 2002–2003 growing season, 30.6 million tons (MT) of soybean oil were produced worldwide, constituting about half of worldwide edible vegetable oil production, and thirty percent of all fats and oils produced, including animal fats and oils derived from tropical plants.
Nigeria produces about 158,000 MT, consume about 160,000 MT, export 0, import 1000 MT, of Soybean oil annually making it the largest producer of the product on the African continent. Source:(indexmundi.com).
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1.1Â Â Â Â Â Â Â Â Business Overview
1.2Â Â Â Â Â Â Â Â Key Objectives
1.3Â Â Â Â Â Â Â Â Funding requirements
2Â Â Â Â Â Â Business Description2.1Â Â Â Â Â Â Â Â What the Business does
2.2Â Â Â Â Â Â Â Â Why the product or service is needed
3Â Â Â Â Â Â Market Analysis3.1Â Â Â Â Â Â Â Â Who will buy
3.2Â Â Â Â Â Â Â Â Key groups of customers
3.3Â Â Â Â Â Â Â Â Competitors and how the business is different
4Â Â Â Â Â Â Team and Management4.1Â Â Â Â Â Â Â Â Business structure (e.g., sole proprietor, partnership, limited liability)
4.2Â Â Â Â Â Â Â Â Key people and their roles
5Â Â Â Â Â Â Products and Services5.1Â Â Â Â Â Â Â Â What the business offers
5.2Â Â Â Â Â Â Â Â Benefits to customers
6Â Â Â Â Â Â Sales and Marketing6.1Â Â Â Â Â Â Â Â How customers will know about the business
6.2Â Â Â Â Â Â Â Â How much the products or services will cost
6.3Â Â Â Â Â Â Â Â Plans to keep customers coming back
7Â Â Â Â Â Â Operational Plan7.1Â Â Â Â Â Â Â Â Main activities to run the business
7.2Â Â Â Â Â Business Location
7.3Â Â Â Â Â Â Â Â Tools and equipment needed
7.4Â Â Â Â Â Â Â Â Raw materials/Inputs required
7.5Â Â Â Â Â Â Â Â How and where to get raw materials
8Â Â Â Â Â Â Financial Plan8.1Â Â Â Â Â Â Â Â Starting Costs and Money Needed
8.2Â Â Â Â Â Â Â Â Expected Income
8.3Â Â Â Â Â Â Â Â List of Expenses
8.4Â Â Â Â Â Â Â Â Profit and Loss Estimate
8.5Â Â Â Â Â Â Â Â Cash Flow Plan
8.6Â Â Â Â Â Â Â Â When You Will Start Making Profit
9Â Â Â Â Â Â Learning Resources for Implementation9.1Â Â Â Â Â Â Â Â Helpful Online Courses
9.2Â Â Â Â Â Hands on Training for Your Industry
9.3Â Â Â Â Â Â Â Â Useful Books and Guides
9.4Â Â Â Â Â Â Â Â Real-Life Examples to Learn From
10Â Â Â Â Equipment and Suppliers10.1Â Â Â Â Â Â – List of Required Equipment
10.2Â Â Â Â Â Â – Potential Suppliers (Local and International)
11Â Â Â Â Implementation Plan- When and How Things Will Be Done11.1Â Â Â Â Â Â Important Steps and Who Will Do What
11.2Â Â Â Â Â Â Problems to Watch for and How to Fix Them
12Â Â Â Â Appendices12.1Â Â Â Â Â Â Supporting documents
12.2Â Â Â Â Â Â Extra information or research
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- Report Type: Business Plan
- Formats of Delivery: MS WORD and Excel
- No. of Pages: Text – 35 – 40 Pages /Excel – 8 Pages/sheets
- Publisher: Highnet Resources Ltd
- Release Date: 2022; Updated Every 3- Months
- Language: English
- Delivery time: 5 working days after payment is received.
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