To start the business write a business plan and carry out
a feasibility study. Register the business, secure funding, and hire
experienced workers. Make sure you learn the manufacturing process and find a
good location for your factory.
Learn
the Trade
Learn how to process groundnut paste through study
programs or training workshops. Attend seminars, read books or online courses.
Gain practical experience as an apprentice or work in a processing company. Another
way is to hire a private tutor or technical staff.
- study programs
- training workshops
- seminars
- read books
- online courses
- practical experience
- hire a private tutor
Finance
Secure small loans from micro finance banks or trade banks.
Try target savings or borrow from friends/family. Find an investor or sell startup
equity in the business. Other ways is to try crowdfunding, corporative societies
or partnership.
- micro finance banks
- trade banks
- target savings
- borrow from friends/family
- an investor
- startup equity
- crowdfunding
- corporative societies
- partnership
License
Your product needs to pass the National Food & Drug administration
test and registration. The packaging should have the product name, date of manufacture,
expiration date.
It should have the NAFDAC Registration number, batch
number. Register the paste business as a sole proprietorship or limited
liability company with the corporate affairs commission. Take out insurance including
a tax identification number.
Factory
You can locate the factory close to source of raw material
or market. To locate the business you need to estimate transportation costs,
handling. Other considerations are storage, packaging, equipment.
Machinery
The equipment to make groundnut paste can be sourced locally
or imported. The machinery is manual, semi-automatic or automatic.
The production capacity depends on the output of the
equipment or production line. Common equipments are groundnut roster and
processing tank. Others include colloid oil mill, motorized mixer, weighing and
packaging machine. An average production line should have a roster capable of 1.5Tons,
processing tank1Ton per days.
- groundnut roster
- processing tank
- colloid oil mill
- motorized mixer
- weighing
- packaging machine
- corn oil processing
- groundnut oil business
- cooked oil recycling
Marketing
The marketing considerations are advertisement, discounts
and promotions. Use flyers, posters, banners and signboards.
Advertise in newspapers, food magazines including social media
channels. Build a website to showcase your product. Drive targeted traffic
through Facebook Ads or Adwords.
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