Cashew nut processing business plan 2021. Do you want to start a cashew nut processing business plan?. In this post, you’ll see how to write complete business plan for cashew nut processing.
As an entrepreneur, cashew nut processing business can be a life changer for you if you put your effort in doing it.
Brief definition of a cashew nut
According to Wikipedia, The cashew tree (Anacardium occidentale) is a tropical evergreen tree that produces the cashew seed and the cashew apple accessory fruit. The tree can grow as high as 14 m (46 ft), but the dwarf cultivars, growing up to 6 m (20 ft), prove more profitable, with earlier maturity and greater yields.(source: Wikipedia)
Frequently asked questions
Is cashew processing profitable?
How do you open a cashew factory?
Is cashew processing profitable in India?
How much is a ton of cashew nut in Nigeria?
Above are the frequently asked questions which people search on Google. This is to tell you how good and famous cashew nut processing business is worldwide.
Recommended post to read : Chilli farming business plan and how to start a chilli farm
Cashew nut processing business plan in 2021
Below are the steps to write a cashew nut processing business plan:
Step #1 business plan : You have to study the cashew nut industry
This aspect is important because you need to understand the nature of the business before you can think of starting it.
Step #2 business plan : You need to get a guidance
You’ll need someone to guide you on how to go about everything. It could be someone who is already in this business. Hence they already have the experience before you, they should be in the best position to guide you.
Step #3 business plan : Decide on the aspect of the business which you want to focus on
When you’re writing your cashew nut processing business plan, you’ll need to decide the aspect of the business to specialize on. You can decide to farm and sell your products without processing, buy and process from farmers or become a middle man.
Step #4 on cashew nut processing business plan : Check market opportunity for the cashew nut business
It’s very important to check the market opportunity so as to know how to organize your self and the quantity to process each day.
Step #5 business plan : You need a business registration
Yes, you’ll have to register your business, this will make people to know your business as a legitimate one.
Step #6 on writing a good cashew but processing business plan : Get licences for your business
Getting the required business licences will help you a lot. Below are some business licences you’ll need:
- GST registration
- Trade license
- Pollution certificate
- Trade mark
- Registration of firm, etc.
Step #7 business plan and : Capital
Offcourse you can’t start any business without a capital. This is very essential for every business. So you’ll need to plan on how to get your start up capital. If you don’t have enough money to start, you can get a loan from any reputable company and pay back later.
Step #8 business plan : Get a suitable land for your business
You’ll need a land if you want to be cultivating the cashew nuts. Otherwise, get a suitable place for processing your cashew nuts.
Step #9 : Discover the best providers of cashew nut raw materials
It’s important to figure out the best people that provide raw materials for cashew nuts.
Also read : Top 20 small scale industries in China
Step #10 business plan : Buy the necessary equipments for processing your cashew nuts
There are necessary equipments required for cashew nut processing business, you’ll need to purchase them.
Step #11 business plan : Plan on how to sell your cashew nut
You’ll need to make a strong marketing plan. It’s important you make good relationships with people inside the market. It’ll go a long way to helping you make food sales at the long run.
Check out this post : List of 15 iron and steel business ideas in United States
Let’s conclude on how to write a cashew nut processing business plan in 2021
Cashew nut business is a very profitabe business as an entrepreneur. If you want to start this business, we’ve given you a guideline on how to write your business plan.
We hope you enjoyed this post, kindly share with your friends on social media and also leave a comment below.
If you’re already doing this cashew nut business, kindly share your experiences with us in the comment section.
Hand picked posts for you:
- Banana farming business plan
- How to start a gym business in India
- How to start a coaching centre business