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Writing a Business Plan
While it may be tempting to put off, creating a business plan is an essential part of starting your own business. Plans and proposals should be put in a clear format making it easy for potential investors to understand. Because every company has a different goal and product or service to offer, there are business plan templates readily available to help you get on the right track. Many of these templates can be adapted for any company. In general, a business plan writing guide will recommend that the following sections be incorporated into your plan.
The executive summary is the first section that business plans open with, but is often the last section to actually be written as it’s the most difficult to write. The executive summary is a summary of the overall plan that highlights the key points and gives the reader an idea of what lies ahead in the document. It should include areas such as the business opportunity, target market, marketing and sales strategy, competition, the summary of the financial plan, staff members and a summary of how the plan will be implemented. This section needs to be extremely clear, concise and engaging as you don’t want the reader to push your hard work aside.
The company description follows the executive summary and should cover all the details about the company itself. For example, if you are writing a business plan for an internet café, you would want to include the name of the company, where the café would be located, who the main team members involved are and why, how large the company is, who the target market for the internet cafe is, what type of business structure the café is, such as LLC, sole proprietorship, partnership, or corporation, what the internet café business mission and vision statements are, and what the business’s short-term objectives are.
Services and Products
This is the exciting part of the plan where you get to explain what new and improved services or products you are offering. On top of describing the product or service itself, include in the plan what is currently in the market in this area, what problems there are in this area and how your product is the solution. For example, in a business plan for a food truck, perhaps there are numerous other food trucks in the area, but they are all fast –food style and unhealthy so, you want to introduce fast food that serves only organic and fresh ingredients every day. This is where you can also list your price points and future products or services you anticipate.
The market analysis section will take time to write and research as a lot of effort and research need to go into it. Here is where you have the opportunity to describe what trends are showing up, what the growth rate in this sector looks like, what the current size of this industry is and who your target audience is. A cleaning business plan, for example, may include how this sector has been growing by 10% every year due to an increase in large businesses being built in the city.
Organization and Management
Marketing and sales are the part of the business plan where you explain how you will attract and retain clients. How are you reaching your target customers and what incentives do you offer that will keep them coming back? For a dry cleaner business plan, perhaps if they refer customers, they will get 10% off their next visit. In addition, you may want to explain what needs to be done in order for the business to be profitable. This is a great way of showing that you are conscious about what clear steps need to be taken to make a business successful.
Financial Projections & Appendix
The financial business plan section can be a tricky one to write as it is based on projections. Usually what is included is the short-term projection, which is a year broken down by month and should include start-up permits, equipment, and licenses that are required. This is followed by a three-year projection broken down by year and many often write a five-year projection, but this does not need to be included in the business plan.
The appendix is the last section and contains all the supporting documents and/or required material. This often includes resumes of those involved in the company, letters of reference, product pictures and credit histories. Keep in mind that your business plan is always in development and should be adjusted regularly as your business grows and changes.
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How to Choose a Phone Plan for Your Business
Every company needs an effective phone plan for their business. It’s important for all your employees to be able to communicate with each other. You also need to ensure that you can take phone calls from clients when they need to reach you. There are many office, VoIP and cell plans available, and your choice depends on what’s best for you. Here’s how to choose the best phone plan for your business.
The Types of Business Plan
If you’re looking for the perfect business phone plan, you need to think about which will benefit your organization most. There are loads to choose from and each have their advantages and disadvantages. It’s essential for businesses to have the best communications systems, because without this you’ll lose potential customers. Many people choose systems based on their convenience, but also look at how effective they are, the costs and if the system is up to date.
With so many options, businesses rarely know where to start. However, your primary goals will enable you to find the best phone plan for your business. Do you have a large team and need a strong internal communications system? Is saving money your primary goal? Here are some business phone plans, and their benefits.
Voice Over Internet Protocol (VoIP)
VoIP is taking over the business world, and many companies are ditching their landline service for the internet-based phone solutions. While making international calls on landlines is expensive, VoIP enables you to call anywhere in the world for no extra cost. Phone calls take place over the internet, and you can reach your employees wherever they are.
There are many VoIP solutions, including basic packages, options for mid-sized businesses and high-end solutions. It’s important to think about which solution is best for your business and avoid any hidden costs associated with high-end solutions. VoIP is great for companies and there is a range of technological benefits you won’t find with other providers. Search online to find the best VoIP providers.
Private Branch Exchange (PBX)
PBX uses hardware to route all calls through the office to and from a central connection. It connects all employees and enables easy transfers. PBX has many benefits, including its cost-effective solutions. Employees can make internal calls without the needs of connecting to an external network. This means that businesses can save money on phone calls, which is especially useful for small companies.
There are automatic capabilities, meaning PBX systems can automatically route calls. Basically, PBX offers an all-in-one solution, but it isn’t as technologically convenient as VoIP solutions. It depends on your needs, but remember PBX systems are best if you use over 12 phone lines. Smaller businesses might find that installing and maintaining a PBX system is too expensive.
Small businesses have one thing on their mind; money. They need to find cost-effective solutions to grow their business, but not bankrupt them. Most small companies use manual key-systems to route phone calls. As you add more lines, you’ll find a manual system less convenient and harder to manage.
Key systems are great when businesses are starting out, but if your business is growing then it’s best to choose between a PBX or VoIP solution. There are many positives to manual key systems, and providers are combining technology with the systems to make them better for small business owners to maximize their internal and external communications.
Is the price right? That’s what you should be considering. Many phone providers will offer comprehensive packages for both office and cell use. Combining these will save you money in the long-term and enable you to streamline your communication procedure. The more technology you want, the higher the price. You should weigh up the benefits of cost and convenience when making your decision.
Speak to providers and ask them what bundles they offer. You’ll want to supply your employees with cell phones if they travel out of the office regularly. Choosing a phone system doesn’t have to be complicated if you know what you’re looking for and consider your price limits.
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Making a Risk Management Plan for Your Business
It’s impossible to eliminate all business risk. Therefore, it’s essential for having a plan for its management. You’ll be developing one covering compliance, environmental, financial, operational and reputation risk management. These guidelines are for making a risk management plan for your business.
Developing Your Executive Summary
When you start the risk management plan with an executive summary, you’re breaking apart what it will be compromised of into easy to understand chunks. Even though this summary is the project’s high-level overview, the goal is describing the risk management plan’s approach and scope. In doing so, you’re informing all stakeholders regarding what to expect when they’re reviewing these plans so that they can set their expectations appropriately.
Who Are the Stakeholders and What Potential Problems Need Identifying?
During this phase of making the risk management plan, you’re going to need to have a team meeting. Every member of the team must be vocal regarding what they believe could be potential problems or risks. Stakeholders should also be involved in this meeting as well to help you collect ideas regarding what could become a potential risk. All who are participating should look at past projects, what went wrong, what is going wrong in current projects and what everyone hopes to achieve from what they learned from these experiences. During this session, you’ll be creating a sample risk management plan that begins to outline risk management standards and risk management strategies.
Evaluate the Potential Risks Identified
A myriad of internal and external sources can pose as risks including commercial, management and technical, for example. When you’re identifying what these potential risks are and have your list complete, the next step is organizing it according to importance and likelihood. Categorize each risk according to how it could impact your project. For example, does the risk threaten to throw off timelines or budgets? Using a risk breakdown structure is an effective way to help ensure all potential risks are effectively categorized and considered. Use of this risk management plan template keeps everything organized and paints a clear picture of everything you’re identifying.
Assign Ownership and Create Responses
It’s essential to ensure a team member is overseeing each potential risk. That way, they can jump into action should an issue occur. Those who are assigned a risk, as well as the project manager, should work as a team to develop responses before problems arise. That way, if there are issues, the person overseeing the risk can refer to the response that was predetermined.
Have a System for Monitoring
Having effective risk management companies plans includes having a system for monitoring. It’s not wise to develop a security risk management or compliance risk management plan, for example, without having a system for monitoring. What this means is there’s a system for monitoring in place to ensure risk doesn’t occur until the project is finished. In doing so, you’re ensuring no new risks will potentially surface. If one does, like during the IT risk management process, for example, your team will know how to react.
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How to write a business plan for a sugar cane farm?
Putting together a business plan for a sugar cane farm can be daunting - especially if you're creating a business for the first time - but with this comprehensive guide, you'll have the necessary tools to do it confidently.
We will explore why writing one is so important in both starting up and growing an existing sugar cane farm, as well as what should go into making an effective plan - from its structure to content - and what tools can be used to streamline the process and avoid errors.
Without further ado, let us begin!
In this guide:
Why write a business plan for a sugar cane farm?
- What information is needed to create a business plan for a sugar cane farm?
- How do I build a financial forecast for a sugar cane farm?
The written part of a sugar cane farm business plan
- What tool should I use to write my sugar cane farm business plan?
Being clear on the scope and goals of the document will make it easier to understand its structure and content. So before diving into the actual content of the plan, let's have a quick look at the main reasons why you would want to write a sugar cane farm business plan in the first place.
To have a clear roadmap to grow the business
Running a small business is tough! Economic cycles bring growth and recessions, while the business landscape is ever-changing with new technologies, regulations, competitors, and consumer behaviours emerging constantly.
In such a dynamic context, operating a business without a clear roadmap is akin to driving blindfolded: it's risky, to say the least. That's why crafting a business plan for your sugar cane farm is vital to establish a successful and sustainable venture.
To create an effective business plan, you'll need to assess your current position (if you're already in business) and define where you want the business to be in the next three to five years.
Once you have a clear destination for your sugar cane farm, you'll have to:
- Identify the necessary resources (human, equipment, and capital) needed to reach your goals,
- Determine the pace at which the business needs to progress to meet its objectives as scheduled,
- Recognize and address the potential risks you may encounter along the way.
Engaging in this process regularly proves advantageous for both startups and established companies. It empowers you to make informed decisions about resource allocation, ensuring the long-term success of your business.
To anticipate future cash flows
Regularly comparing your actual financial performance to the projections in the financial forecast of your sugar cane farm's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.
This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.
Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.
Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.
To secure financing
Whether you are a startup or an existing business, writing a detailed sugar cane farm business plan is essential when seeking financing from banks or investors.
This makes sense given what we've just seen: financiers want to ensure you have a clear roadmap and visibility on your future cash flows.
Banks will use the information included in the plan to assess your borrowing capacity (how much debt your business can support) and your ability to repay the loan before deciding whether they will extend credit to your business and on what terms.
Similarly, investors will review your plan carefully to assess if their investment can generate an attractive return on investment.
To do so, they will be looking for evidence that your sugar cane farm has the potential for healthy growth, profitability, and cash flow generation over time.
Now that you understand why it is important to create a business plan for a sugar cane farm, let's take a look at what information is needed to create one.
Information needed to create a business plan for a sugar cane farm
Drafting a sugar cane farm business plan requires research so that you can project sales, investments and cost accurately in your financial forecast, and convince the reader that there is a viable commercial opportunity to be seized.
Below, we'll focus on three critical pieces of information you should gather before starting to write your plan.
Carrying out market research for a sugar cane farm
As you consider writing your business plan for a sugar cane farm, conducting market research becomes a vital step to ensure accurate and realistic financial projections.
Market research provides valuable insights into your target customer base, competitors, pricing strategies, and other key factors that can significantly impact the commercial success of your business.
Through this research, you may uncover trends that could influence your sugar cane farm.
You might find that there is an increasing demand for organic sugar cane products, which could indicate an opportunity to increase profits by transitioning to organic farming methods. The market research might also reveal that people are becoming more aware of environmental sustainability, which could indicate that they are willing to pay a premium for sustainably-sourced sugar cane products.
Such market trends play a significant role in forecasting revenue, as they offer valuable data about potential customers' spending habits and preferences.
By incorporating these findings into your financial projections, you can present investors with more accurate information, helping them make informed decisions about investing in your sugar cane farm.
Developing the sales and marketing plan for a sugar cane farm
As you embark on creating your sugar cane farm business plan, it is crucial to budget sales and marketing expenses beforehand.
A well-defined sales and marketing plan should include precise projections of the actions required to acquire and retain customers. It will also outline the necessary workforce to execute these initiatives and the budget required for promotions, advertising, and other marketing efforts.
This approach ensures that the appropriate amount of resources is allocated to these activities, aligning with the sales and growth objectives outlined in your business plan.
The staffing and equipment needs of a sugar cane farm
As you embark on starting or expanding your sugar cane farm, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is essential for ensuring your business's success.
Both the recruitment and investment plans must align with the timing and level of growth projected in your forecast, and they require appropriate funding.
Staffing costs for a sugar cane farm might include salaries for farm workers, supervisors, and agronomists. Equipment costs might include tractors, harvesters, and irrigation systems.
To create a realistic financial forecast, you also need to consider other operating expenses associated with the day-to-day running of your business, such as insurance and bookkeeping.
With all the necessary information at hand, you are ready to begin crafting your business plan and developing your financial forecast.
What goes into your sugar cane farm's financial forecast?
The financial forecast of your sugar cane farm's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.
The four key outputs of a financial forecast for a sugar cane farm are:
- The profit and loss (P&L) statement ,
- The projected balance sheet ,
- The cash flow forecast ,
- And the sources and uses table .
Let's look at each of these in a bit more detail.
The projected P&L statement
The projected P&L statement for a sugar cane farm shows how much revenue and profits your business is expected to generate in the future.
Ideally, your sugar cane farm's P&L statement should show:
- Healthy growth - above inflation level
- Improving or stable profit margins
- Positive net profit
Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established sugar cane farm. And similarly, an established company should showcase a higher level of profitability than a new venture.
The projected balance sheet of your sugar cane farm
Your sugar cane farm's forecasted balance sheet enables the reader of your plan to assess your financial structure, working capital, and investment policy.
It is composed of three types of elements: assets, liabilities and equity:
- Assets: represent what the business owns and uses to produce cash flows. It includes resources such as cash, equipment, and accounts receivable (money owed by clients).
- Liabilities: represent funds advanced to the business by lenders and other creditors. It includes items such as accounts payable (money owed to suppliers), taxes due and loans.
- Equity: is the combination of what has been invested by the business owners and the cumulative profits and losses generated by the business to date (which are called retained earnings). Equity is a proxy for the value of the owner's stake in the business.
Your sugar cane farm's balance sheet will usually be analyzed in conjunction with the other financial statements included in your forecast.
Two key points of focus will be:
- Your sugar cane farm's liquidity: does your business have sufficient cash and short-term assets to pay what it owes over the next 12 months?
- And its solvency: does your business have the capacity to repay its debt over the medium-term?
The cash flow forecast
A projected cash flow statement for a sugar cane farm is used to show how much cash the business is generating or consuming.
The cash flow forecast is usually organized by nature to show three key metrics:
- The operating cash flow: do the core business activities generate or consume cash?
- The investing cash flow: how much is the business investing in long-term assets (this is usually compared to the level of fixed assets on the balance sheet to assess whether the business is regularly maintaining and renewing its equipment)?
- The financing cash flow: is the business raising new financing or repaying financiers (debt repayment, dividends)?
As we discussed earlier, cash is king and keeping an eye on future cash flows an imperative for running a successful business. Therefore, you can expect the reader of your sugar cane farm business plan to pay close attention to your cash flow forecast.
Also, note that it is customary to provide both yearly and monthly cash flow forecasts in a business plan - so that the reader can analyze seasonal variation and ensure the sugar cane farm is appropriately funded.
The initial financing plan
The sources and uses table or initial financing plan is a key component of your business plan when starting a sugar cane farm.
It shows where the capital needed to set up the business will come from (sources) and how it will be spent (uses).
This table helps size the investment required to set up the sugar cane farm, and understand how risks will be distributed between the business owners, and the financiers.
The sources and uses table also highlights what the starting cash position will be. This is key for startups as the business needs to have sufficient funding to sustain operations until the break-even point is reached.
Now that you have a clear understanding of what will go into the financial forecast of your sugar cane farm business plan, let's have a look at the written part of the plan.
The written part of a sugar cane farm business plan plays a key role: it lays out the plan of action you intend to execute to seize the commercial opportunity you've identified on the market and provides the context needed for the reader to decide if they believe your plan to be achievable and your financial forecast to be realistic.
The written part of a sugar cane farm business plan is composed of 7 main sections:
- The executive summary
- The presentation of the company
- The products and services
- The market analysis
- The strategy
- The operations
- The financial plan
Let's go through the content of each section in more detail!
1. The executive summary
The first section of your sugar cane farm's business plan is the executive summary which provides, as its name suggests, an enticing summary of your plan which should hook the reader and make them want to know more about your business.
When writing the executive summary, it is important to provide an overview of the business, the market, the key financials, and what you are asking from the reader.
Start with a brief introduction of the business, its name, concept, location, how long it has been in operation, and what makes it unique. Mention any services or products you plan to offer and who you sell to.
Then you should follow with an overview of the addressable market for your sugar cane farm, current trends, and potential growth opportunities.
You should then include a summary of your key financial figures such as projected revenues, profits, and cash flows.
Finally, you should detail any funding requirements in the ask section.
2. The presentation of the company
As you build your sugar cane farm business plan, the second section deserves attention as it delves into the structure and ownership, location, and management team of your company.
In the structure and ownership part, you'll provide valuable insights into the legal structure of the business, the identities of the owners, and their respective investments and ownership stakes. This level of transparency is vital, particularly if you're seeking financing, as it clarifies which legal entity will receive the funds and who holds the reins of the business.
Moving to the location part, you'll offer a comprehensive view of the company's premises and articulate why this specific location is strategic for the business, emphasizing factors like catchment area, accessibility, and nearby amenities.
When describing the location of your sugar cane farm, you may point out that it is situated in an area with a temperate climate that is ideal for growing the crop. You could mention that there is access to ample irrigation, as well as a reliable supply of labor in the region.
Additionally, you might emphasize the proximity to the nearest transportation hub, so that the sugar cane can be easily and quickly shipped to its destination. All of these factors could make for a compelling investment opportunity.
Lastly, you should introduce your esteemed management team. Provide a thorough explanation of each member's role, background, and extensive experience.
It's equally important to highlight any past successes the management team has achieved and underscore the duration they've been working together. This information will instil trust in potential lenders or investors, showcasing the strength and expertise of your leadership team and their ability to deliver the business plan.
3. The products and services section
The products and services section of your sugar cane farm business plan should include a detailed description of what your company sells to its customers.
For example, your sugar cane farm could offer sugar cane juice and syrup, harvested straight from the farm, as well as jellies and jams made from the cane's sweet, natural nectar.
You could also offer educational tours of the farm and its production process, giving visitors the unique opportunity to learn about the science and history of sugar cane.
Finally, you could provide catering services for special events, such as weddings and birthday parties, with menus featuring dishes made with fresh sugar cane products.
The reader will want to understand what makes your sugar cane farm unique from other businesses in this competitive market.
When drafting this section, you should be precise about the categories of products or services you sell, the clients you are targeting and the channels that you are targeting them through.
4. The market analysis
When outlining your market analysis in the sugar cane farm business plan, it's essential to include comprehensive details about customers' demographics and segmentation, target market, competition, barriers to entry, and relevant regulations.
The primary aim of this section is to give the reader an understanding of the market size and appeal while demonstrating your expertise in the industry.
To begin, delve into the demographics and segmentation subsection, providing an overview of the addressable market for your sugar cane farm, key marketplace trends, and introducing various customer segments and their preferences in terms of purchasing habits and budgets.
Next, shift your focus to the target market subsection, where you can zoom in on the specific customer segments your sugar cane farm targets. Explain how your products and services are tailored to meet the unique needs of these customers.
For example, your target market might include health-conscious individuals who are looking for a natural sweetener alternative. These individuals might purchase the sugar cane farm's products to use as a sugar substitute in their everyday baking and cooking.
Lastly, people who are looking to make their own homemade craft drinks, such as rum, would also be an ideal customer segment for the sugar cane farm.
In the competition subsection, introduce your main competitors and explain what sets your sugar cane farm apart from them.
Finally, round off your market analysis by providing an overview of the main regulations that apply to your sugar cane farm.
5. The strategy section
When writing the strategy section of a business plan for your sugar cane farm, it is essential to include information about your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.
The competitive edge subsection should explain what sets your company apart from its competitors. This part is especially key if you are writing the business plan of a startup, as you have to make a name for yourself in the marketplace against established players.
The pricing strategy subsection should demonstrate how you intend to remain profitable while still offering competitive prices to your customers.
The sales & marketing plan should outline how you intend to reach out and acquire new customers, as well as retain existing ones with loyalty programs or special offers.
The milestones subsection should outline what your company has achieved to date, and its main objectives for the years to come - along with dates so that everyone involved has clear expectations of when progress can be expected.
The risks and mitigants subsection should list the main risks that jeopardize the execution of your plan and explain what measures you have taken to minimize these. This is essential in order for investors or lenders to feel secure in investing in your venture.
Your sugar cane farm may face a variety of risks. For example, the farm could be affected by changes in weather conditions, such as droughts or flooding, which may reduce the yield of crops. Additionally, your farm might be vulnerable to the risk of pests or disease, which could damage the crops and limit the productivity of the farm.
6. The operations section
The operations of your sugar cane farm must be presented in detail in your business plan.
The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).
You should then state the operating hours of your sugar cane farm - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.
The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.
You may have key assets such as machinery and land that could be essential to the production of sugar cane. Additionally, you might have intellectual property such as proprietary techniques for improving sugar cane yields or patented methods for harvesting the crop. These assets and IP could be crucial to the success of the sugar cane farm.
Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).
7. The presentation of the financial plan
The financial plan section is where we will include the financial forecast we discussed earlier in this guide.
Now that you have a clear idea of what goes into a sugar cane farm business plan, let's look at some of the tools you can use to create yours efficiently.
What tool should I use to write my sugar cane farm's business plan?
In this section, we will be reviewing the two main solutions for creating a sugar cane farm business plan:
- Using specialized online business plan software,
- Outsourcing the plan to the business plan writer.
Using an online business plan software for your sugar cane farm's business plan
Using online business planning software is the most efficient and modern way to write a sugar cane farm business plan.
There are several advantages to using specialized software:
- You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
- You are guided through the writing process by detailed instructions and examples for each part of the plan
- You can access a library of dozens of complete business plan samples and templates for inspiration
- You get a professional business plan, formatted and ready to be sent to your bank or investors
- You can easily track your actual financial performance against your financial forecast
- You can create scenarios to stress test your forecast's main assumptions
- You can easily update your forecast as time goes by to maintain visibility on future cash flows
- You have a friendly support team on standby to assist you when you are stuck
If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .
Hiring a business plan writer to write your sugar cane farm's business plan
Outsourcing your sugar cane farm business plan to a business plan writer can also be a viable option.
Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.
However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.
From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).
You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.
The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.
For these reasons, outsourcing the sugar cane farm business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.
Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.
Why not create your sugar cane farm's business plan using Word or Excel?
Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write a sugar cane farm business plan is a terrible idea.
For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.
As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.
The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.
And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.
Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.
That's for the forecast, but what about the written part of my sugar cane farm business plan?
This part is less error-prone, but here also software brings tremendous gains in productivity:
- Word processors don't include instructions and examples for each part of your business plan
- Word processors don't update your numbers automatically when they change in your forecast
- Word processors don't handle the formatting for you
Overall, while Word or Excel may be viable options for creating a sugar cane farm business plan for some entrepreneurs, it is by far not the best or most efficient solution.
- A business plan has 2 complementary parts: a financial forecast showcasing the expected growth, profits and cash flows of the business; and a written part which provides the context needed to judge if the forecast is realistic and relevant.
- Having an up-to-date business plan is the only way to keep visibility on your sugar cane farm's future cash flows.
- Using business plan software is the modern way of writing and maintaining business plans.
We hope that this practical guide gave you insights on how to write the business plan for your sugar cane farm. Do not hesitate to get in touch with our team if you still have questions.
Also on The Business Plan Shop
- In-depth business plan structure
- Key steps to write a business plan?
- Free business plan template
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BUSINESS PLAN FOR SUGARCANE FARMING
TABLE OF CONTENT
- Executive Summary
1.1 Management Team
1.2 Background of the Business
1.6 Personnel Objectives
1.7 Business Goal
2.0 Marketing Plan
2.1 Marketing Goal
2.2 Sales Forecast
2.3 Revenue Forecast
2.4 Marketing Objectives
2.5 Strategies for Achieving the objective
2.6 Estimate of Cost of Marketing Action
3.0 Production and Operation Plan
4.0 Organizational and Human Resources Plan
4.1 Administrative Department
4.2 Marketing Department
4.3 Production Department
4.4 Maintenance and Security Department
4.5 Enterprise Employees
5.0 Financial Plan
5.1 Annual Personnel Cost
5.2 Estimate of Capital Expenditure
5.3 Estimate of Net working Capital
5.4 Cash Flow Forecast
5.6 Balance Sheet
5.7 Break-Even Analysis
5.8 Pay-back plan
6.0 Risk Assessment
Miragrade Sugarcane Farm is a sole proprietorship agricultural business that is registered under the Laws of Federal Republic of Nigeria. It is owned by Mr. Olu Olawale, who has a Master Degree in Agricultural Technology and a Master in Business Administration. The business is located at No, 4, Step Down, Lagos Benin Express, Ore, Ondo State. The farm is intended to sit on a fifteen acres of land that will cover the farm itself and offices for administrative purposes. The expected total capital investment is N10,000,000 (Ten Millions Naira Only) and it is expected to commence in June, 2021.Going by the operational plan, marketing analysis, intended management approach, financial plan and projection and risk management plan ;the business is expected to generate massive return on investment, and hence it is considered a profitable and viable business.
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CHARGES FOR BUSINESS PLAN/PROPOSAL 0 - 50 Millions -N10, 000 N51Millions - N150Millions - N20, 000 151Millions - N300Millions - N30,000 301Millions - N500Millions -N40,000 501Millions AND ABOVE - N50, 000
Sugarcane Farming Business Plan [Sample Template]
By: Author Tony Martins Ajaero
Home » Business Plans » Agriculture Sector
Do you want to start a sugarcane farm and need to write a business plan ? If YES, here is a sample sugarcane farming business plan template & feasibility report.
Sugarcane farming is known to be a profitable business and over the years, it has evolved from uncoordinated to a global industry in most countries where it’s carried out. But it comes with its own fair share of challenges. An aspiring entrepreneur can either choose to start a sugarcane farm on a small or large scale depending on their financial status.
A Sample Sugarcane Farming Business Plan Template
1. industry overview.
Farmers in the Sugarcane Harvesting industry primarily grow sugarcane, a tall tropical grass originating in Southeast Asia. Scientifically known as Saccharum officinarum, its thick stems are a major commercial source of sugar.
Statistics has it that in the united states of America alone, there are about 635 licensed and registered sugarcane farms responsible for employing about 4,026 employees and the industry rakes in a whooping sum of $1 billion annually with an annual growth rate projected at -1.0 percent between 2014 and 2019.
United States Sugar Corporation is the company that has the lion share of the available market in the sugarcane harvesting industry in the United States of America. A recent report published by IBISWorld estimates that industry revenue increased at an annual rate of 3.9 percent over the five years to 2010 to $1.0 billion.
However, revenue has been subject to dramatic spikes and drops in recent years due to unpredictable weather conditions. In 2005, for example, an unusually active hurricane season battered the Southeast United States, damaging Florida and Louisiana sugarcane crops. Revenue declined significantly that year as a result.
Conversely, in 2010, heavy rainfall in Brazil (the world’s largest sugar producer) and a drought in india (the second-largest producer) depleted the global sugar supply and propelled demand for US sugar producers and, in turn, US sugarcane farmers. Consequently, industry revenue rose at a double-digit pace in 2010.
Fortuitous weather conditions aside, the industry has long suffered from competition from sugar substitutes. The amount of sugar and other caloric sweeteners consumed by the average American has declined from 2005 to 2010. Focus on personal health has taken center stage, limiting consumers’ demand for sweeteners and encouraging them to opt instead for no-calorie substitutes.
Furthermore, though the level sugarcane imports is negligible, downstream industries including sugar processors have been experiencing an influx of lower-cost sugar imports. Processors and downstream markets are increasingly using these imports in place of domestically produced sugar to cut input costs, which are inflated due to protectionist US government policies.
With the recent advancement in technology, farmers can now comfortably grow crops such as sugarcane in a country where such crops can hardly survive and in places where there are few farming lands.
One thing is certain when it comes to commercial sugarcane farming, if you are able to conduct your market research and feasibility studies before choosing a location for cultivating your sugarcane, you are more likely not going to struggle to grow the sugarcane farming business because there are always food processing companies and consumers out there who are ready to buy from you.
Lastly, with commercial sugarcane farming it will pay you not to only cultivate sugarcane, but to also start a complimentary business such as sugarcane processing plant; producing and packaging sugar. The bottom line is that if you have enough farmland (space) and you are interested in maximizing commercial sugarcane farming, you are sure going to make huge profits from the business.
2. Executive Summary
Edward Jones® Sugarcane Farms, Inc. is a registered sugarcane plantation that will be based in the outskirt of Lake Mary, Florida – United States. We have done our detailed market research and feasibility studies and we were able to secure a well – situated and suitable farm land to start our commercial sugarcane business.
Our commercial sugarcane farm is a going to be standard one hence we will be involved in both commercial sugarcane cultivation, processing and packaging. We will be involved in both organic and non – organic commercial sugarcane farming.
We have put plans in place that will help us launch a standard sugarcane processing plant within the first three years of officially running Edward Jones® Sugarcane Farms, Inc. We will process and package sugar and ensure that they flood the market both in the United States and in other countries of the world.
Aside from the fact that we’ve secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21 st century commercial sugarcane farm workforce that we want to build.
Edward Jones® Sugarcane Farms, Inc. is well positioned to become one of the leading sugarcane farms in the United States of America, which is why we have been able to source for the best hands and machineries to run the farm with. We have put process and strategies in place that will help us employ best practices when it comes to sugarcane farming, processing and packaging as required by the regulating bodies in the United States of America.
Edward Jones® Sugarcane Farms, Inc. is owned by Mr. Edward Jones and his immediate family members. The farm cum business will be financed by Edward Jones and his family.
Before starting Edward Jones® Sugarcane Farms, Inc., Edward Jones has worked with some of the leading commercial farms and food processing plants in the United States of America; he has a degree (B.Sc.) in Agriculture Science from University of Florida.
3. Our Products and Services
Edward Jones® Sugarcane Farms, Inc. is a world class commercial farm that is committed to cultivating both organic and non – organic sugarcane for both the United States and the global market.
We are in this line of business to make profits, and we will ensure that we do all that is allowed by the law of the United States of America to achieve our business goals and objectives. These are the areas we will concentrate on in our sugarcane farm. If need arises, we will definitely cultivate related crops;
- Sugarcane farming
- Operating standard sugar processing plant where we will produce products such as raw sugar, liquid sugar and refined sugar from sugarcane.
4. Our Mission and Vision Statement
- Our Vision is to become one of the leading commercial sugarcane farm, processing and packing brand in the United States of America.
- Edward Jones® Sugarcane Farms, Inc. is a world class sugarcane farm that is in business to cultivate sugarcane in commercial quantities both organic and non – organic and processed sugar for both the United States market and the international market.
Our Business Structure
Edward Jones® Sugarcane Farms, Inc. intends starting small in Lake Mary – Florida, but hopes to grow big in order to compete favorably with leading commercial sugarcane farms in the United States. We are aware of the importance of building a solid business structure that can support the kind of world class business we want to own.
At Edward Jones® Sugarcane Farms, Inc., we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders.
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the management of the farm. In view of the above, Edward Jones® Sugarcane Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions;
- Chief Operating Officer
General Farm Manager
Sugarcane Cultivation Manager/Supervisor
- Sugar Processing and Packaging Plant Manager
- Sales and Marketing Executive
- Field Employees
5. Job Roles and Responsibilities
Chief Operating Officer:
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
- Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
- Supervise other section managers (sugarcane cultivation manager and sugar processing and packaging manager)
- Providing advice on the management of farming activities across all sections
- Responsible for carrying out risk assessment
- Using IT systems and software to keep track of people and progress of the growth of crops (sugarcane)
- Responsible for overseeing the accounting, costing and sale of farm produce after harvest
- Represent the organization’s interest at various stakeholders’ meetings
- Ensures that farming goals desired result are achieved, the most efficient resources are utilized and different interests involved are satisfied.
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Defining job positions for recruitment and managing interviewing process
- Carrying out induction for new team members
- Responsible for training, evaluation and assessment of employees
- Oversee the smooth running of the daily farming activities across the various farming sections and processing unit.
- Carrying out staff induction for new team members
- Responsible for financial forecasting and risks analysis.
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensuring compliance with taxation legislation
- Handles all financial transactions for the farm
- Serves as internal auditor for the farm
- Responsible for managing the sugarcane cultivation section
- Supervises other workers within the department
- Work closely with the General Manager to achieve the organizations’ goals and objectives
Sugarcane Processing and Packaging Manager/Supervisor
- Responsible for managing the sugar processing and packaging section of the commercial farm
- Ensures that quality raw sugar, liquid sugar and refined sugar et al are produced from the processing plant
- Serve as a quality control / assurance manager
Sales and Marketing Officer
- Identify, prioritize, and reach out to new partners, and business opportunities et al
- Responsible for handling business research, marker surveys and feasibility studies for the organization
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Document all customer contact and information
- Represent the company in strategic meetings
- Help increase sales and growth for the farm
Field Workers/Contract Staff
- Responsible for preparing farm lands for sugarcane cultivation
- Responsible for watering the crop
- Weeding or fertilizer and / or pest control application
- Assist in handling the harvest of sugarcane
- Carries out task in line with the stated job description
- Assist in transport working tools and equipment from the farm and back to the designated store room
Distribution Truck Drivers
- Assist in loading and unloading harvested sugarcane and sugar products
- Maintain a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
- Keep a record of vehicle inspections and make sure the truck is equipped with safety equipment
- Assist the transport and logistics manager in planning their route according to a delivery schedule.
- Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
- Comply with truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
- Collect and verify delivery instructions
- Report defects, accidents or violations
6. SWOT Analysis
Edward Jones® Sugarcane Farms, Inc. do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard sugarcane farm that will favorably compete with leading farms in the United States of America.
We are quite aware that there are several sugarcane farms all over Lake Mary – Florida and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.
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 equipped to confront our threats.
Edward Jones® Sugarcane Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.
Here is a summary from the result of the SWOT analysis that was conducted on behalf of Edward Jones® Sugarcane Farms, Inc.;
Our strength as a sugarcane farm is the fact that we have healthy relationships with loads of major players in the industry; both suppliers and buyers within and outside of the United States.
We have some of the latest commercial farming machines, tools and sugarcane processing equipment that will help us cultivate sugarcane in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Lake Mary – Florida in our payroll.
Our weakness could be that we are a new sugarcane farm in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us initially. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.
Prices for sugarcane in the United States are partly regulated by government policy, which strives to match supply and demand. As a result, US prices are on average much higher than world prices, somewhat insulating farmers from volatility. The price of sugar is expected to increase in the coming year, presenting an opportunity for the industry.
Growth in per capita consumption of sugar increases demand for sugarcane. Over the past five years, as consumers have become more health-conscious, demand for caloric sweeteners (including sugar) has decreased. Per capita sugar and sweetener consumption is expected to increase slowly going forward. However, generally sluggish growth in sweetener consumption is likely to pose a threat to the industry.
7. MARKET ANALYSIS
- Market Trends
One of the common trends in the Sugarcane Harvesting industry is that most players in the industry are no longer concentrating only on non – organic sugarcane farming. They now find it easier to run both organic and non – organic sugarcane cultivation. It is a fact that despite that organic foods are expensive, the sale is on the increase and it is indeed profitable.
Despite the fact that sugarcane farming has been in existence since time immemorial, it does not in any way make the industry to be over saturated; sugarcane farmers are exploring new technology to continue to improve the cultivation processes and also mechanized farming has indeed increased the tons of food produced by farmers.
The fact that there is always a ready market for sugarcane, raw sugar, liquid sugar and refined sugar et al makes the business highly thriving and profitable.
Lastly, it is a common trend to find standard sugarcane farmers run a sugarcane processing plant business alongside their farm. It is a means of maximizing profits in the business. Beside sugarcane can be consumed by both human and the waste products consumed by livestock hence it is an ideal business.
8. Our Target Market
The end consumer of sugarcane in any form and also those who benefits from the business value chain is all encompassing.
Almost every household consumes sugarcane in different forms. In essence a sugarcane farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of sugarcane as raw materials.
We will ensure that we position our business to attract consumers not just in the United States of America alone but also other parts of the world which is why we will be exporting some of our sugarcane, and raw sugar, liquid sugar and refined sugar to other countries of the world. We are in business to engage in wholesale distribution and to retail our sugar to the following groups of people;
- Bakeries and confectioneries manufacturer
- Soda drinks manufacturers
- Snacks manufacturers
- Manufacturing companies that make use of raw sugar
- Everybody in our target market location
Our Competitive Advantage
Edward Jones® Sugarcane Farms, Inc. is fully aware that there are competitions when it comes to selling sugarcane, raw sugar, liquid sugar and refined sugar, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.
We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace. Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round sugarcane farms that will also include a sugarcane processing plant.
With this, we will be able to produce sugarcane, raw sugar, liquid sugar and refined sugar and take advantage of all the available opportunities within the industry.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Edward Jones® Sugarcane Farms, Inc. is in the commercial farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives.
In essence we are not going to rely only on the sale of our farm produce to generate income for the business. Below are the sources we intend exploring to generate income for Edward Jones® Sugarcane Farms, Inc.;
- Operating standard sugar processing plant where we will produce products such as raw sugar, liquid sugar and refined sugar.
10. Sales Forecast
We conducted a thorough market survey and feasibility studies and we were able to discover that the sales generated by a commercial farm depends on the size and the nature of the farm.
We have perfected or sales and marketing strategies and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income/profits from the first year of operation and build the business from survival to sustainability.
We have been able to examine the agriculture industry cum sugarcane farm line business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of sugarcane farm that we run.
Below are the projections that we were able to come up with for the first three years of running Edward Jones® Sugarcane Farms, Inc.;
- First Fiscal Year (FY1): $380,000
- Second Fiscal Year (FY2): $600,000
- Third Fiscal Year (FY3): $1.150 million
N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters, and unfavorable government policies . Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
We are quite aware that the reason why some sugarcane farms hardly make good profits is their inability to sell off their harvested sugarcane as at when due. In view of that, we decided to set up a standard sugarcane processing plant to help us maximize profits.
Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. In summary, Edward Jones® Sugarcane Farms, Inc. will adopt the following strategies in marketing our sugarcane farm produce;
- Introduce our business by sending introductory letters alongside our brochure to stake holders in the food production industry et al.
- Advertise our business in agriculture and food related magazines and websites
- List our sugarcane farms on yellow pages ads
- Attend related agriculture and food expos, seminars, and business fairs et al
- Leverage on the internet to promote our business
- Engage in direct marketing
- Encourage the use of Word of mouth marketing (referrals)
11. Publicity and Advertising Strategy
Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.
Below are the platforms you can leverage on to boost our sugarcane farm brand and to promote and advertise our business;
- Place adverts on both print (newspapers and magazines) and electronic media platforms
- Sponsor relevant community based events/programs
- Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our business
- Install our Billboards in strategic locations all around Lake Mary – Florida
- Engage in roadshow from time to time in targeted neighborhoods to retail our sugarcane, raw sugar, liquid sugar and refined sugar et al
- Distribute our fliers and handbills in target areas
- List our sugarcane farms in local directories / yellow pages
- Advertise our sugarcane farms in our official website and employ strategies that will help us pull traffic to the site.
- Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo et al.
12. Our Pricing Strategy
Some of the factors that will help you sell your sugarcane, raw sugar, liquid sugar and refined sugar at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control.
For example, if the climatic condition is unfavorable and if there are natural disasters in the location where you have your sugarcane farm, then it will directly affect the harvest and also the prices of your farm produce.
In view of that, our prices will conform to what is obtainable in the industry but will ensure that within the first 6 to 12 months our sugarcane and raw sugar, liquid sugar and refined sugar are sold a little bit below the average prices in the United States of America. We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our sugarcane farming business.
- Payment Options
The payment policy adopted by Edward Jones® Sugarcane Farms, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that Edward Jones® Sugarcane Farms, Inc. will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via online bank transfer
- Payment via check
- Payment via Point of Sale Machines (POS Machines)
- Payment via mobile money transfer
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our clients make payment for sugarcane, raw sugar, liquid sugar and refined sugar purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
13. Startup Expenditure (Budget)
When it comes to calculating the cost of starting a sugarcane farm with sugarcane processing plant, there are some key factors that should serve as a guide such as the capacity of the sugarcane processing plant you want to own and the size of the sugarcane farm.
In view of that, here are some of the basic areas we will spend our startup capital in setting up our sugarcane farm;
- The total fee for incorporating the business in United States of America – $750.
- The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
- The amount needed to acquire / lease a farm land – $50,000
- The amount required for preparing the farm land – $70,000
- The cost for acquiring the required working tools and equipment / machines / fencing et al – $10,000
- The amount required for purchase of the first set of sugarcane seedlings et al – $50,000
- The amount required to set up a standard sugarcane processing plant within the farm facility – 100,000
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
- The cost of launching an official website – $600
- The amount required for payment of workers for a period of 3 months – $60,000
- Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000
Going by the report from detailed research and feasibility studies conducted, we will need an average of four hundred and fifty thousand dollars ($450,000) to start a standard sugarcane farm with a sugarcane processing plant in the United States of America.
These are some of the equipment that we would need to launch our sugarcane farm,
- Soil cultivator
- Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
- Stone / Rock / Debris removal
- Plastic mulch layer
- Sprinkler system irrigation
- Wheel Barrow
Basically, the nature of sugarcane farms does not require an office space, most people that run commercial farms operate directly from their farms. But we have decided to open a small liaison office; a place where administrative jobs will be carried out on behalf of the business.
Generating Funds/Startup Capital for Edward Jones® Sugarcane Farms, Inc.
Edward Jones® Sugarcane Farms, Inc. will be owned and managed by Edward Jones and his immediate family members. They decided to restrict the sourcing of the startup capital for the business to just three major sources.
- Generate part of the startup capital from personal savings and sale of his stocks
- Generate part of the startup capital from friends and other extended family members
- Generate a larger chunk of the startup capital from the bank (loan facility).
N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $350,000 from our bank. All the papers and document have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
14. Sustainability and Expansion Strategy
Part of the plans we have in place to sustain Edward Jones® Sugarcane Farms, Inc. is to ensure that we continue to make available sugarcane, raw sugar, liquid sugar and refined sugar et al, deliver quality services, improvise on how to do things faster and cheaper.
We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times.
We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better and the products they want to see in our store.
We will not waste time in adopting new technology, best practices and diversifying our services; expand our product and service offerings once the need arises. Edward Jones® Sugarcane Farms, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.
Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. 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.
- Business Name Availability Check : Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts : Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of Insurance for the Business: Completed
- Leasing of farm land in Lake Mary – Florida and preparing the farm land: Completed
- Conducting Feasibility Studies: Completed
- Startup Capital Generation: Completed
- writing of business plan: Completed
- Drafting of Employee’s Handbook: Completed
- Design of The Company’s Logo: Completed
- Printing of Promotional Materials: Completed
- Recruitment of employees: In Progress
- Building /construction of sugarcane processing plant: In Progress
- Purchase of the needed working tools, machines and equipment: Completed
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Farm land Treatment, Health and Safety Arrangement: In Progress
- Establishing business relationship with vendors and key players in the industry (sugarcane merchants, manufacturing companies that make use of raw sugar as part of their raw materials, fertilizer suppliers and transporter/haulage companies et al): Completed
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Sugar Cane - Business Plan
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Is this content inappropriate, business plan of ferscane, submitted to: ather qader qureshi.
Submitted by: AROOJ IBRAHIM SHIZA NASIR NOMAN KADIR KOMAL IQBAL UMAIR KHALID
TABLE OF CONTENTS Acknowledgment...3 Executive summary..4 Introduction of the company5 Need to develop new product..5 Competitor overview..7 SWOT Analysis..8 Market planning........10 Process..11 Production and financial Aspect.13 Marketing budget..15 Marketing strategies.16 Conclusion..19
Acknowledgment I would like to express special thanks of gratitude to my teacher Athar Qader Qureshi. Who provided us the golden opportunity to do this wonderful project of New product development, this report enlightened us and provided us useful information that how you can launch a new product. Then we would like to thank our parents and friends who supported us in doing this project.
EXECUTIVE SUMMARY Sugarcane Juice is a Marketing idea that we are coming up with. Fresh sugarcane juice obtained from mature cane is sweet and tasty. It is not only a thirst quenching drink but also nutritious due to the presence of several minerals like phosphorus, calcium, magnesium, vitamins, amino acids etc., and has medicinal properties also particularly for the cure of jaundice. Cane juice mixed with the extracts of lemon, mint etc., adds to the taste, helps in better digestion and improved bowel movement .Our product is sugarcane juice in tetra pack packaging. Sugarcane juice is widely used in summer season because it is good in taste and low in cost. But problem with this is that it cant be preserved for long time. In Pakistan no company has launched sugar cane juice till now in tetra pack. The methodology used in Pakistan is quite old and so many people dont go for this sector because the risk of the low shelf life. So we have decided to launch a sugar cane juice & we would be using sodium benzoate as a preservative which would increase the shelf life of our product without harming its colour and taste. Because sugar cane juice is naturally sweet, so it can be sold with a little additional processing too. Fresh sugar cane juice has no preservatives, however its tendency to turn black from oxidation soon after pressing is very high, so to secure from oxidation we should pack in tetra pack packaging. The sugar cane juice has several health benefits and medicinal properties most of which remains unknown to the masses. It has direct effect on digestive system and it contains nutrients which are healthful for life It strengthens the stomach, kidneys, heart, eyes, and brain and sex organs. The juice sucked from the sugarcane can prove highly valuable in case of weak teeth due to lack of proper exercise resulting from excessive use of soft foods. It gives a form of exercise to the teeth and makes them strong. It also keeps the teeth clean and increases their life. The target market would include almost all the adults, young & health conscience people & we would initiate our project initially in Karachi in SITE area. .
INTRODUCTION OF THE COMPANY
Need to develope a new product.
INTRODUCTION Sugarcane juice is used as a delicious drink in both urban and rural areas in many countries. Fresh juice cannot be stored normally for more than six hours due to the presence of simple sugars through Sugar cane juice extractor, which spoils the juice quickly. Fresh sugarcane juice obtained from mature cane is sweet and tasty. Consumption of sugar cane juice has a human history spanning at least the past five thousand years made in Fresh sugarcane juicer machine. This juice is as natural as it gets, and the sugar contained in the product does not turn into fat but leaves your body without creating any fat. The truth is that sugar cane is the healthiest food for a healthier you. Sugarcane juice machine, before it is mutilated into white sugar, is highly beneficial to Human health. It contains protein, iron, phosphorus, vitamins A, B1, B2, B3, and C, calcium, and chromium. The sugar-cane juice and honey help prevent tooth decay because they contain more minerals and other nutrients another beauty of Commercial sugarcane extractor is that when you chew the fibre, it brightens your teeth and strengthens your gums. But due to its seasonal availability and fast deterioration by microbial decomposition, the possibility of its use as fresh juice is very much limited. In order to make the availability of cane juice at all times as a soft drink prepared under electric motorized Sugarcane Crushers hygienic conditions, a simple method of bottling the cane juice has been developed.
INNOVATION The innovation that we have come up with is sodium benzoate. It is a preservative that helps sugar cane juice last longer with no effect on its colour and taste. The maximum duration for sugar cane juice to maintain its colour, taste and freshness is up to 6 months. Unlike the other sugar cane juice that can only lasts for minimum six hours. They are going to add 0.25 ppm of sodium benzoate to preserve the juice. The fresh juice would then be bottled and would have the ability to remain hygienic in room temperature up to the mentioned duration.
MISSION The mission is to provide fresh, clean sugar cane juice and make sure that it is made keeping in mind the hygiene factor. They want to be the first one to make available the fresh sugar cane juice to the sugar cane juice lovers.
TARGET MARKET The potential customers will be every kind of individuals like: Students at every level.(from school to universities) Employees who work the entire day in hot condition. Households, passengers.
In summer season every kind of people with no age limit use this juice, because most of the people avoid unhygienic products. Initially they will only limit the geographical scope to Karachi Lahore and Islamabad and then after initial success they will expand the target segments.
COMPETITION OVERVIEW DIRECT COMPETITORS: The direct competitors of our Product are: Shezan All Pure (Orange, Mango, Pineapple nectar, Apple, Grape and Tropical) Nestle Fruita Vitals (Orange, Chounsa nectar, Apple nectar, Red grape nectar, Pineapple nectar, Peach nectar, Orange and mango drink and Guava nectar) Olfrute (Orange, Mango, Apple and Red grape) Coca cola (pulpy orange) Rani , slice and All other juices available in the market. The road side vendors that are selling sugarcane juice.
But they are not competing our product with them because they are the competitors of the Juice market and they are only providing the different flavour juices but not the sugar cane juice. INDIRECT COMPETITORS: As the Sugarcane juice is the symbol of the refreshment and nutrition and it is also a substitute for the other soft drinks. So we have compared it with other soft drinks. So in the soft drink market we have the competitors like Coca cola Pepsi Other instant drinks
MARKET TRENDS People prefer juices in order to remain fresh and fit, some like to serve their guests with juices as people are now more towards hygiene and consciousness and juice Page | 7
provide more nutritions and a good taste. A new research proves that by 2014 every person will consume 95.5 litres juice every year and research suggests that juice market growth and sales is always on increasing trend, customers are more towards nutritious drinks especially during summer.
SWOT ANALYSIS 1. STRENGTHS: INCREASED HEALTH CONSCIOUSNESS:
Fresh sugarcane juice is obtained from mature cane and is sugary and tasty. It is not only a thirst quenching drink but also nutritious due to the presence of several minerals like phosphorus, calcium, magnesium, vitamins, amino acids etc., and has therapeutic and medicinal properties. It is completely pasteurized i.e. we place it over shelves after proper sanitization of sugarcane juice with six months guarantee. FIRST MOVERS ADVANTAGE:
They are the first one to introduce sugarcane juice in tetra pack, so they are having an advantage over market as at initiation we will face no other direct competitors, and up to the time any competitor enters, they will increase the brand loyalty. PRODUCT INNOVATION:
The product that they are launching is a good quality product and innovative as well.
NUTRITIOUS DRINK WITH SEVERAL HEALTH BENEFITS:
Sugarcane juice is a wholesome in many aspects:.
Sugarcane juice is a great preventive and healing source for sore throat, cold and flu. It has a low glycemic index which keeps the body healthy. This is one sweet drink even the diabetic can enjoy without fear. It is because it has no simple sugars. Due to its alkaline nature, it helps to fight cancer. Studies indicate that it has positive activity against prostate and breast cancer cells. It hydrates the body quickly when exposed to prolong heat and physical activity. They are excellent substitutes for aerated drinks and cola. It refreshes and energizes the body instantly as it is rich in carbohydrates. Page | 8
It helps in better digestion and improved bowel movement. It can hasten recovery from jaundice.
2. WEAKNESSES: LACK OF BRAND AWARENESS:
As they are pioneer in sugarcane juice industry, there is lack of familiarity, so in order to overcome this weakness we will initially invest heavily on advertisements and promotion. They are new to business world, so initially they might have difficulty to understand the ins and outs of todays aggressive market and for that they require a lot of research and exposure. LIMITED SHELF LIFE: Sugarcane juice actually is served fresh, people perceive it to have fresh otherwise the colour and odour will be affected due to oxidation, but they are adding sodium benzoate, a preservative in it which would increase its shelf life over to six months.
3. OPPORTUNITIES: LOCALLY AVAILABLE RAW MATERIAL:
As Asia grabbed a huge proportion of sugarcane market, India and Pakistan are one of the main producers of sugarcane, so there will be an ease of availability by contracting with local manufacturers. CHANGING SOCIAL TRENDS: Fresh cane will set a new trend i.e. a trend of health consciousness and purification and to remain fresh and healthy forever. CAN BE MIXED WITH SEVERAL OTHER FLAVORS TOO: Soon, after market penetration, we will focus to introduce Fresh Sugar Cane Juice in other flavours as well, which include: mint, lemon, etc. 4. THREATS: POLITICAL SITUATION (GOVERNMENTAL UNCERTAINTY):
They will face problem if government employ extra taxes on us which in future will force us to raise the price of their product. We can have adverse impact, if cost of labour doing work increase. Page | 9
LACK OF RESOURCES (SHORTAGE OF ENERGY): One of the current problem which Pakistan is facing, this can adversely impact us. Inflation rate is another threat which we can face.
Market Planning They will market our product in: Tetra pack sugarcane juice They will educate and make aware the consumers of the unique features of sugarcane juice that it can give to human body. Sugarcane Juice Sugarcane juice is acidic in nature. Besides sugar it contains many other organic and inorganic and soluble as well as insoluble substances in varying amounts, together called as non-sugars, to the extent of 3 to 7.5% of total quantity. These insoluble suspended matters make the juice viscous and turbid. The constituents of sugarcane juice as a percentage of total quantity are as given below.
Sugarcane Juice Constituents
Location and site.
Project Engineering Traditionally the popular local drink sugarcane juice is made with a special machine (like on the picture below) out of fresh sugarcane. The Version of Making and Preserving Bottled Sugarcane Juice. Traditional sugarcane juice, a highly valued local drink, as is shown in the below picture only keeps for a few hours. Thanks to JUCANNTechs process, it can keep for several weeks, or even several months, and it maintains its authentic taste.
PROCESS The process through which the sugar cane stalk would go through is as follows: 1. 2. 3. 4. 5. Peeling. Crushing. Filtration. Pasteurization. Packaging.
1-PEELING: In this process the hard skin of the stalk that is not required for the juice is removed with the help of a machine.
2-CRUSHING: In this step the stalk are cut in to small pieces and crushed to produce juice from them.
3-FILTERAING: After the juice is produced filtering of the juice is done to remove the un-needed particles that may have left behind in the juice from crushing.
4-PASTEUTIZATION: In this step the juice is kept under a certain temperature to further remove the impurities from it. This step doesnt harm the taste, colour and freshness of the juice.
5-PACKAGING: The final step is packaging of the juice in a tetra pack, which is again done with the help of a machine. The tetra pack has the name of the juice.
PRODUCTION AND FINANCIAL ASPECTS
Sugar cane 200 tons/annum approx 200,000-litres / annum.
PRODUCTION CAPACITY OF PLANT Projected Quantity: 200,000-litres / annum Installed capacity: 250,000-litres / annum Working days: 250/annum Manpower: 100 workers
Projected Sales From the market demand analysis and other financial analysis we found it feasible to produce and sale around 200000 litres each year.
Cost Allocation: Fixed Cost Land 2000 sq.m. : Built up Area 1000 sq. m.: Total cost of Land and Building: Machinery and Equipment Office furniture & fixtures: Vehicles: Total: 15,000,000 5,000,000 3,000,000 28,000,000 8,000,000 2,000,000 10,000,000
Working Capital for two months: Salary : Department Managers (5) Supervisor (5) Office Assistant (3) IT Manager (2) Skilled workers (15) Unskilled workers (70) Total Salary 20,000*5 10,000*5 5,000*3 7500*2 6000*15 4000*70 1,100,000
Raw Material including packaging materials Sugar cane 40 tons Packaging Labels Utilities Amount Power Water Coal Other Contingent Expenses Amount Repairs and maintenance Others Insurance Total Capital Investment Amount Cash Reserves: 500,000 200,000 420,000 31,665,000 3,335,000 Page | 14
70,000 600,000 80,000
500,000 100,000 95,000, price of one unit.
Our per unit price is Rs. 35. We are making the unit at Rs. 30 which includes the price of raw material, packaging cost and production cost and our profits. We are selling it to our distributors at the price of 30. While the our consumer is getting our 250 ml at the price of 35.
MARKETING BUDGET The marketing plan of Sugarcane juice in tetra pack, have a budget of 1.5 cror rupee to establish our plan. Now we allocate different amount in different parts.
Method of allocation: Creating an annual budget involves 1.5 cror on building and plant and other budget we will use in following manner, Allocation New of budget product on other research uses 1.5 crore 20 lac Marketing research Advertisement Sale expense expense Direct marketing Public relation
MARKETING STRATEGIES 1. Positioning strategy: Page | 15
Brand strategy is at the heart of marketing strategy. It is the act of designing the company offer and image so that it occupies a distinct and valued place in the target customer mind. Sugarcane juice is very beneficial for health and provides refreshment. As we are launching sugar cane juice in tetra pack, so we want to create positive and long lasting image in the minds of customers that we are providing hygienic juice because we are also introducing new flavours like mint and ginger etc. Point of parity:
Different flavour Tetra packing Point of difference:
100% pure juice, 2. product strategy: core benefit.
Core benefit means the services and benefits the customer is really buying. The customer fulfils its need of thrust and refreshment by buying our Basic product
Its mean what specifically the actual product is. Our actual product is juice Augmented product
Products that include deign, features and packaging that go beyond consumer expectations and differentiate the product from competitors. The juice taste and flavour is according to the customer expectations because we provide 100% pure juice. They will have no compromise with quality Following things include in the sale of product, Design The design of sugarcane juice that it will be in attractive and stylish tetra pack in following size: 250ml Features The features of the product are,
Use full for healthy life Good in taste Help to digest food Packaging The product will be in tetra packaging which will be attractive and eye catching.
3. Pricing strategy: The price of the product can also influence the buying behaviour of the consumers because In Pakistan there is different level of classes based on the income difference so price is The one of the important factor, some of the consumer can afford the price and others Cant, so must set the price of the product that is afforded by all the social classes of the region. So they use penetration pricing strategy. Price Structure (Consumer price) 250ml- Rs.35 4. Channel of Distribution: The place of the distribution and availability of the product also influence the buying behaviour because if the product is in reach of the consumer he will prefer it and if it is hard to find the product in the market he will never buy that product. So they provided our product to all the all the distributors and they will provided it to famous retailers of Islamabad, Lahore and Karachi. Because of this the product will be available at more shops and the sales will increase.
ADVERTISING & PROMOTION
order to create brand awareness. Secondly, the taste of the product is new so they will develop certain market strategies to attract customers towards new taste.
PROMOTION The promotion of the product i.e. the advertisement, sales promotion and other promotional tools can change the buying behaviour because some of the individuals highly influenced by the advertisement of the product. They have decided to use integrated marketing communication in which there will be blend of different marketing promotional tools that will convey clear and consistent message of our product to the customers. These Promotional tools are given below: BILLBOARDS:
Billboards will be placed at busy thoroughfares in big cities. Billboards will be the most permanent and long lasting form of advertisement. The total Billboards they will place are in number. SALES PERSON:
Around 200 sales people will be appointed which will introduce the product to customers in all the three cities. DAY CELEBRATION: They will start the very first day with Day Celebration in order to introduce the brand in an effective manner, plus they can also have an idea about peoples interest towards sugarcane juice. POSTERS: They will put 75 posters in different places in order to grab a large portion of the three cities. TVC: Tele commercials will be aired on sports channels and news channels as the viewer ship of these channels is highly common among the targeted market. INTERNET ADS: Lastly, they will use internet ads to market the product.
CONCLUSION Mitchells promises the quality of its product, which we will also deliver through this product. We have first mover advantage because no other company is offering similar product in the market. We have to aware our customer about the product and have to tell them the benefit of using our hygienic product that comes in tetra pack. Though the initial cost would be high because you have to set machinery buy land and have to invest a lot in the advertising of product, but once you create the positive image in the mind of your customers they will automatically demand the product.
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DOWNLOAD SUGARCANE FARMING BUSINESS PLAN WITH FINANCIALS
Looking for a Sugarcane farming Business plan in Nigeria for your new or existing enterprise?
Download this sugarcane cultivation Business plan sample, which you can download to present to NIRSAL, BOI, BOA, and other investors.
BUSINESS PLAN SAMPLE FOR SUGARCANE FARMING ANS SUGARCANE PROCESSING BUSINESS PLAN
1.0. Executive Summary
J.J Sugarcane Farms is a sugarcane plantation located on the outskirt of Ilorin, Kwara State. With the detailed market research and feasibility studies done, we have obtained a well–situated and fitting farmland to start the kind of commercial sugarcane business we intend.
Our commercial sugarcane farm is a standard farm that will be involved in commercial sugarcane cultivation, processing and packaging through organic and non – organic commercial sugarcane farming.
At J.J Sugarcane Farms, Plans have been put in place to help run a standard sugarcane processing plant within the first five years of the official launch. We will ensure that we flood both the Nigerian market and other countries in the world with our processed and package sugar.
To fit into the picture of the 21st-century commercial sugarcane farm workforce we want to build, we have obtained the required farmland, farming equipment and machines. We have also employed key staff who are currently undergoing training.
J.J Sugarcane Farms is well-positioned to become one of the leading sugarcane brands in Nigeria, which is why we have been able to source the best hands and pieces of machinery to run the farm.
J.J Sugarcane Farms is owned and managed by Mr James Jejelaye and his immediate family members. The farm cum business will be financed by James Jejelaye and his family. Before setting up J.J Sugarcane Farms, James Jejelaye has worked with a few leading commercial farms and food processing plants in Nigeria; he has a degree (B.Sc.) in Agriculture Science from the University of Ilorin.
2.0. Our Products and Services
J.J Sugarcane Farms is a standard commercial farm that is committed to cultivating both organic and non – organic sugarcane for both the Nigerian and the global market entirely.
We are in this line of business to make profits, and we will ensure we achieve our business goals and objectives. These are the major areas we will focus on in our sugarcane farm;
- Sugarcane farming
- Operate a world-class sugar processing and production plant.
3.0. Our Mission and Vision Statement
- Our Vision is to become one of the leading commercial sugarcane farm, processing and packing brands in Nigeria.
- J.J Sugarcane Farms is a world-class sugarcane farm that cultivates sugarcane in commercial quantities both organic and non – organic and processed sugar for the Nigerian market and the international market.
4.0. Our Business Structure
J.J Sugarcane Farms intends to start small in Ilorin but hopes to grow big in order to compete favourably with leading commercial sugarcane farms in Nigeria. We are aware of the importance of building a solid business structure that can support the kind of world-class business we have in mind.
At J.J Sugarcane Farms, we will ensure that we hire people that are qualified, hardworking, dedicated, customer-centric and are ready to work to help build a prosperous business.
In view of the above, J.J Sugarcane Farms have decided to hire qualified and able hands to occupy the following positions;
- Chief Operating Officer
- General Farm Manager
- Sugarcane Cultivation Manager/Supervisor
- Sugar Processing and Packaging Plant Manager
- Sales and Marketing Executive
- Field Employees
5.0. SWOT ANALYSIS
The fact that we have sound relationships with loads of major players in the industry; both suppliers and buyers in Nigeria and all over the world stands as our core strength.
Aside from our relationship with key players in the industry, We have the latest commercial farming machines, tools and sugarcane processing equipment that will help us cultivate sugarcane in commercial quantities with less stress.
Our weakness could be that we are a new sugarcane farm in Nigeria, and perhaps the fact that we decided to diversify our farming activities could count against us initially. based on our projection, we will overcome this weakness with time and turn it into a major advantage for the business.
How To Download Sugarcane Farming Business plan Template PDF and Doc (With financial analysis)
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[Pdf Sample] Business Plan For Sugarcane Farming Docx
Thank you for your interest in our sugarcane farming business plan. This comprehensive document outlines our vision, strategies, and financial projections for establishing and operating a successful sugarcane farm.
Sugarcane farming presents a lucrative opportunity in the agricultural industry due to the growing demand for natural and organic products, as well as the numerous applications of sugarcane in various industries.
In this business plan , we will provide an in-depth analysis of the sugarcane market, including current trends, demand, and competition. We will explore the potential target market and customer segments for our sugarcane products, identifying unique selling points that set our offerings apart. Additionally, we will outline the organizational structure, marketing and sales strategies, operational plan, and financial projections for our farm .
[Pdf Sample] Sugarcane farming business plan Proposal Docx
Table of Contents
To write a business plan , here is a breakdown of how it should be structured and what should be in each category. After this instruction, I will provide you with a sample of one I wrote for my farm , let us go:
Read Also: [Pdf Sample] Business Plan For Chili Pepper Farming Docx
Provide a brief overview of your sugarcane farming business , including its objectives, location, and key highlights.
Describe your company, including its legal structure, ownership details, and mission statement.
Identify and analyze the sugarcane market, including current trends, demand, and competition.
Evaluate the potential target market and customer segments for your sugarcane products.
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Products and Services:
Describe the different sugarcane products you plan to offer, such as raw sugarcane, sugarcane juice, or processed sugar.
Highlight any unique selling points or value-added services that set your products apart.
Outline the management structure of your sugarcane farming business , including key personnel and their roles and responsibilities.
Detail any partnerships or external resources that will be involved in the business operations.
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Marketing and Sales Strategy:
Explain how you plan to promote and sell your sugarcane products.
Identify marketing channels such as farmers’ markets, retail stores, or online platforms.
Describe your pricing strategy, distribution methods, and any marketing campaigns you intend to run.
Detail the day-to-day operations of your sugarcane farming business , including land acquisition, planting, harvesting, and processing.
Outline the required equipment and machinery, as well as the associated costs.
Discuss the sourcing of inputs such as seeds, fertilizers, and pesticides.
Provide a detailed financial forecast, including income statements, balance sheets, and cash flow statements.
Estimate the initial investment required and outline how you plan to fund the business .
Project revenue and expenses for the next three to five years, including costs of production, marketing, and personnel.
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Risk Assessment and Mitigation:
Identify potential risks and challenges associated with sugarcane farming , such as weather conditions, pests, or market fluctuations.
Develop a plan to mitigate these risks and outline any insurance coverage or contingency plans.
Here Is The Download Link ToBusiness Plan For Sugarcane Farming Proposal By Agrolearner.com
Agrolearner.com Farm is well-positioned to capitalize on the growing demand for sugarcane products. With our commitment to sustainability, quality, and innovation, we are confident in our ability to achieve success in the sugarcane farming industry. By continuously improving our farming techniques, expanding our product line, and fostering strong customer relationships, we believe our business will thrive in this dynamic market.
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Sugarcane Farming Business Plan
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SUGARCANE FARMING BUSINESS PLAN IN NIGERIA
- Dayo Adetiloye Business Hub
Sugarcane Farming Business Plan in Nigeria
This sample Sugar Cane Farming Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Sugar Cane Farming 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.
Business Description of PATILAD Sugarcane Farming Business Plan in Nigeria
Business: Sugarcane Farming
As man cannot do without sugar in a day, it’s needless to say how important sugar is to our diet. PATILAD Sugarcane Farm is a budding farm with a drive to play a strategic role in contributing to economic growth of Nigeria, with over 50 hectares of farm land dedicated to sugarcane farming in Nasarrawa. We have spent over N7million in land preparation and planting, we have also recruited experienced labourers as well as professionals for the farm business. We are currently going into cultivating and selling our farm produce, but our future plan is to play a major role in all the chain that is involved in production from sugarcane into sugar, juice, and ethanol.
The exchange rate having increased has caused a lot of disruption in our economy which greatly increased the price of every food that has sugar as part of the ingredient. The tropic climate that is predominantly hot and humid at the equator results in the viability of the sugarcane plantation and with scientific breakthroughs that guarantees us of pure breed sugarcane farming in Nigeria.
Nigeria must grow a lot more sugarcane and reduce the national, economic and political risks from depending on other nations for sugar. Today, we are reviving hope for Nigeria to produce its own sugar and contribute to freeing the nation from decades of dependence on imported sugar.
The minister explained that a silent revolution is now happening on sugarcane farms all across Northern Nigeria. To drive the country towards self-sufficiency in integrated sugar production, conserve foreign exchange and create jobs for thousands of Nigerians, the federal government in 2013 signed agreements with the sugar production companies which import sugar to meet the nation’s demand. As reported by daily news, to revamp the sector, the Federal Government has initiated incentives for an enabling environment for investors. Among the incentives are zero per cent duty on machinery and spare parts by companies, as well as 10 per cent import duty and 50 per cent levy on imported raw sugar. There is equally a 20 per cent duty and 60 per cent levy on imported refined sugar.The government has also begun a credit support scheme for sugarcane growers through the Central Bank of Nigeria (CBN) and commercial banks; in addition to provision of infrastructure, such as access roads, boreholes, power lines, land acquisition, and health care facilities for new sugar estates.
To reinforce its commitment, it has banned refined sugar in retail-ready packets into the country.
According to industry watchers, privatisation of sugar estates has improved the subsector; it is now better managed. This, to them, can be attributed to the Nigerian Sugar Master Plan (NSMP) and the National Sugar Development Council.
But the challenge remains evolving strategies to meet the demands of about 168 million consumers and prevent huge spending on imports.
Our intention in PATILAD Sugarcane farm is to position ourselves strategically to contribute to the local demand for affordable sugar, and sugarcane by-products. We aim to produce at least 2,000,000 sugarcane plants on our farm within the first 2years, and by the fifth year we aim to start our first phase of sugar production, and its by-products. Our target markets are local sugar refineries that are overly in demand of the most essential raw materials in sugar production-sugarcane.
Products & Services
Fully matured healthy sugarcane farming and processing
We currently aim to supply sugar cane to sugar refineries, pharmaceutical companies, and energy/power industries.
The benefits of our products and services are
- The cultivation of fresh, nutritional produce, void of harmful chemical like pesticides and preservatives
- Capacity to produce healthy sugarcanes
- Fresh, highly hygienic and well-packaged pure sugar cane juice
- The provision of high quality
- Excellent customer care services
- Fair and competitive prices
Beyond just a science or profession, agriculture is an enterprise I had invested the most of my time as an individual. As a way of practice, I have also devoted the most of my time and resources to managing and expanding my family’s little farmstead into a commercial outfit. These experiences have fortified my knowledge and resilience for this chosen profession and I am sure the lessons of yesteryears will prove of immense value. My first degree in Agriculture from the Obafemi Awolowo University, Ile-Ife, will also be of great benefit to the growth of this new enterprise. Moreover, there is an insatiable online community seeking for reliable, new and updated information every day.
Objective for Patilad Sugarcane Farming Business Plan in Nigeria
- To cultivate, that is demanded and can be cultivated in our climate.
- To establish thriving sales relationship with bulk purchaser who market our products.
- To achieve net profit in year one, increasing in year two, by containing costs and meeting sales goals.
- To provide quality sales service and products at fair and best possible prices.
Our Goal & Vision for the Patilad Sugarcane Farming Business Plan in Nigeria
We aim to be amongst the five largest sugar cane farm in Africa
Mission for the Patilad Sugarcane Farming Business Plan in Nigeria
Our mission is to build a company that maximizes the by-products of sugarcane to the benefit of Nigerians and Africa as a whole, creating employment, providing energy and cheap construction materials.
Read Also: Beanscowpea-Farming-Business-Plan-in-Nigeria
Management Team of the Patilad Sugarcane Farming Business Plan in Nigeria
OYEBADE Adejumobi Ademola (B. Agric., MBA) – is highly knowledgeable in the all kind of crop production. He has over 7 years’ experience in providing these products. Moreover he is a graduate of Agriculture from the prestigious Obafemi Awolowo University, Ile-Ife. He is a Project Management Professional and certified Business Consultant. He will be in-charge of day to day activities of the business.
Mr Dayo Adetiloye (B. Agric., MBA, and PMP) – He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan Atlantic University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Educational skill and practical experience in Sugarcane Farming business.
- Capacity to consistently provide high quality nutritional, and highly hygienically cultivated and processed sugarcanes.
- All year round availability of our customers’ choicest information products and professional advice.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Patilad Sugarcane Farming Business Plan in Nigeria
With over 7 years’ experience in Agribusiness and numerous exposure to both the scientific and practical aspect of sugarcane farming and its by products, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other things necessary to give the firm good commendation from our clients.
My managerial skills has also helped in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for Patilad Sugarcane Farming Business Plan in Nigeria
Hectares of land, , pruning equipment, hoes, combined harvester, temperature meter, hand gloves, filters, water treatment devices, tractor for carrying stuffs, drying machine for preservation, Backwash facilities, Outdoor growing areas, tractors, harvesters, manure composting facility, Business office building which includes sales area, reception, office equipment etc.
Competitor Analysis for Patilad Sugarcane Farming Business Plan In Nigeria
People buy from us because of the following reasons:
- High quality, nutritional, and farm certified products
- Capacity to produce metric tonnes of sugarcane twice a year.
- Disease and pest free sugarcane farm through advance technology
- Fair and best possible prices and discount offers
Our three major competitive advantages are:
- Provision of high quality, nutritional, and farm certified sugarcanes
- All year round availability of our produce
To buy the remaining part of this business plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015, 08076359735, and 08113205312. You can send a WhatsApp message or email us at [email protected] or [email protected] .
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