Business plan for rice retailing

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My first degree in Agriculture from the Obafemi Awolowo University, Ile-Ife, will be of great benefit to the growth of this new enterprise. You will be given an application form from a Licensing Officer LO after paying an application fee of P We are in business to retail well processed and bagged rice from different rice production brands to the following groups of people and corporate organizations; Households Restaurants Our Competitive Advantage A close study of the rice retail stores industry reveals that the market has become much more intensely competitive over the last decade. We are in the rice retail stores industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats. Other requirements include the classification, variety, and grade of the rice grain whether it is NFA or otherwise. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments. A business plan will not only help you preempt the future and plan for it by setting clear goals, it will also make it easy for you to pitch investors for your business and even apply for bank loans in case the need arises. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our rice. Doing this will arm you with all the necessary information you need for the business. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time. As soon as you get a location that is suitable for your rice retailing business, start promoting your business to people around.

Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake.

Because of this, it is always in high demand. Rice Retail Store Business Plan — SWOT Analysis Our intention to start just one outlet of our rice retail store in Charleston — West Virginia is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other rice retail outlets all over major towns in West Virginia and key cities in the United States and Canada.

We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

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We hired experts who have good understanding of the rice retail stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Charleston — West Virginia.

In view of that, we have positioned our rice retail store to service the residence of Charleston — West Virginia and every other location where franchise cum outlets of our rice retail stores will be located all over key cities in the United States of America and Canada.

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My first degree in Agriculture from the Obafemi Awolowo University, Ile-Ife, will be of great benefit to the growth of this new enterprise. Moreover he is a graduate of Accounting and business management from the prestigious University of Ibadan.

No doubt data collected from customers goes a long way to help rice retail stores and grocery stores serve them better. So also, unfavorable government policies may also pose a threat for businesses such as ours.

You will need it to effectively start your rice retail store business.

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Rice Retailing And Distribution Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation. To help you succeed in this business, here are five important tips you should follow. While there are many places where rice is regularly eaten on a daily and there are also environments where rice is a luxury that is eaten occasionally. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams. Your first priority when starting a rice retailing business would be to secure a license from the National Food Authority NFA. We are committed to the improvement and appreciation of locally produced rice in Nigeria. Threat: Just like any other business, one of the major threats that we are likely going to face is economic downturn. As for the detailed cost analysis for starting a rice retail store business; it might differ in other countries due to the value of their money. They are the ones who will tell you if you are allowed to sell and distribute rice. After you have raised capital, you can then make a bulk purchase of rice of different varieties that your customers will like either from a wholesaler or directly from a rice farm. He is versatile business man and a key note person in the rice distributors association in Akure. Rice Retail Store Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. Quality processed product and good understanding of the market trend especially as it is affected by seasons. I have a great passion for self-reliance and creating job opportunities.

Rice Retail Store Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.

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A Sample Rice Retail Store Business Plan Template