Are you about starting a pepper farm? If YES, here is a complete sample pepper farming business plan template & feasibility report you can use for FREE.
Okay, so we have considered all the requirements for starting a pepper farming business. We also took it further by analyzing and drafting a sample pepper farm marketing plan template backed up by actionable guerrilla marketing ideas for pepper farming businesses. So let’s proceed to the business planning section.
The united states agricultural industry is undoubtedly one of the little industries with a steady history of trade export surpluses. It was estimated that farm cash receipts peaked $301.8 billion just in the first three halves of 2010. The US agricultural industry has a good chance for growth if you are interested in agriculture.
If you want a highly profitable business, pepper is without doubt one of the best choices you should look into. Starting a pepper farm is not easy at all, but it has the frame and chance to mould you into a wealthy entrepreneur if you do it right.
One of the things that you have to really consider in starting a pepper farm is how you want the business to be run, the shape it needs to take, amongst other things. This is one of the reasons why a business plan is always needful. You will need to write a workable business plan that you can always refer to for the good growth of your business.
If you do not know how to go about this, the good news is that you can use a business plan template to pull the strings. Here below is a sample pepper farming business plan for your use;
A Sample Pepper Farm Business Plan Template
1. Industry Overview
The Pepper farm industry is made up of farms that cultivate varieties of peppers in open fields and in greenhouses. As we all know, pepper is planted today in many countries. Brazil, India, Indonesia, Malaysia, and Sri Lanka (members of the International Pepper Community or IPC) and Vietnam, China, Ecuador, Madagascar, Thailand and Cambodia produce large quantities of pepper in world trade.
Also nations like Mexico, Brunei, Fiji, Samoa, Micronesia, Guatemala, Honduras, St. Lucia, Tanzania, Malawi, Zimbabwe, Benin, Kenya, Cameroon, Ethiopia, Uganda and Zambia also are known pepper cultivators. The pepper industry has enjoyed a steady growth within the past few years.
The Total planted area moved from 563, 000 hectares in 2003 to 841,000 have in 2012, an increase of 7.7% per annum. Also, the price of pepper, which increased during 1999 and to some extent in 2000, inspired farmers to expand the area cultivated with pepper.
The overall pepper yield peaked in 2014, at 987 kg per hectare, going down in 2015 to 920 kg per hectare, showing reduced expenditure on farm maintenance and inputs. Increase in production and expansion of area recently is a major concern to producers, for the world has responded to the large production with fixed low prices, to the very low levels prevailing at present.
Also, the present unattractive price level has moved farmers away from cultivating pepper in new areas. Future production is expected to cause a huge deterioration in price, but the total supply is expected to stay at a very high level, barring any unforeseen necessities such as bad weather conditions in producing countries as newly planted areas are likely to offset declines in productivity in old and poorly maintained farms.
The past five years to 2015, the pepper farming industry was not immune to the recession that disrupted the world economy.
Because as income shrunk in the years following the economic downturn, consumers organised their budgets and demand for spices, fruits and vegetables reduced. But in the five-year period, a weak US dollar encouraged imports of fresh spices, condiments and vegetables, further restricting the growth of the industry.
In the five years to 2022, per capita consumption of spices, fruit and vegetable will probably remain stagnant. However, continued demand and high product prices is estimated to speed up the industry revenue growth.
2. Executive Summary
Fontaine Farms Ltd is a new licensed agro – allied farm that we hope to build in the outskirt of Boise– Idaho, United States. We have done our extensive detailed market research and feasibility studies and we have also acquired a well-placed 120 hectares of land for our cultivations and business process.
We plan to build a business that is going to be a standard farm , hence will be involved in pepper cultivation and other commercial crop cultivation, fish farming, poultry farming and of course animal farming.
Fontaine Farms Ltd will also be involved in both organic commercial farming and non – organic commercial farming. Our plan within the first five years of officially running this business is to start our food processing plant and also start exporting our agriculture produce to other parts of the world.
Which is the main reason why we didn’t just acquire a piece of land and most of the farming equipment and machines; but also hired some key employees that are currently going through a rigorous training, which will turn them into workers that will be able to fit into the rare picture of the 21st century commercial farm workforce that we want to build.
The pepper industry and the agricultural industry as a whole has vast opportunities, and we wish to contribute our quota in growing the U.S. economy, national food production, raw materials production for industries, agriculture agricultural exportation from the United States to other countries and above all to make profit.
Fontaine Farms Ltd is prepared to grow into one of the leading commercial farms in the United States of America. That is why we have gone for the best hands and machines to help us run the farm. We have also organised the process and strategies that will enable us employ best practices in all our farming processes and food processing, and also within the proximity of the law of the United States.
Fontaine Farms Ltd is a private registered agro – allied farm that is owned by Dr Matthew Cobb and his direct family. It will also be completely and single headedly financed by Dr Matthew Cobb and his immediate family members for the time being.
Dr Matthew Cobb was the immediate past Head of the United States National Institute of Food and Agriculture (NIFA).He worked in the industry for over 25 years before resigning to found Fontaine Farms Ltd. Dr Matthew Cobb is renowned for his good works, goodwill towards people, and love for agriculture.
3. Our Products and Services
Fontaine Farms Ltd is an agro – allied farm will through extensive farming practices cultivate organic and non – organic agriculture produce for both the United States’ market and the world as a whole. We plan to produce both food and raw materials for industries in very large quantities and make sure that we build a standard food processing plant as a branch of our business
Listed below are the areas we will be concentrating on in our commercial farms. As time goes on, we might be tempted to add a few more in other to achieve our business goals.
- Pepper, tomatoes and curry cultivations
- Planting of Grains (like millet, wheat, oat, shogun, barely, cereal, soybeans, black mustard, sunflower seed et al)
- Cultivation of assorted fruits
- Lettuce, Cabbage, and carrots
- Cotton Wool and other cash crops cultivations
- Coffee and tea planting
- Livestock (such as goats, sheep, grass – cutters, pigs and rabbits et al)
- Poultry
- Large fish ponds
- A Food Processing Plant (Tomatoes Paste, Fruit Juice, Processed Diary foods, and can foods et al)
4. Our Mission and Vision Statement
- The Vision of Fontaine farm Ltd is to grow to become one of the leading commercial farms in the whole world, starting from the United States.
- Our mission at Fontaine Farm Ltd is to cultivate in very large quantities both organic and non – organic agriculture produce for the United States market and the world at large. We also want to produce processed food which will need used by most citizens of the United States.
Our Business Structure
Fontaine Farms Limited is a large farm that will be offering a wide range of agriculture produce. This is why we will to hire the required numbers of employees that will help us build a farm that will be capable of feeding the fifty States of the United States.
We would also be hiring workers at intervals to help us take the agricultural market by storm, giving our customers the best in each stroke. Outlined below is the business structure of Fontaine Farms Ltd:
- Chief Operating Officer
- Farm General Manager
- Business Accountant
- Plant Manager/Supervisor
- Fish Farming Manager/Supervisor
- Poultry Farming Manager/Supervisor
- Cattle Ranch Manager/Supervisor
- Marketing and Sales Executive
- Field Employees
- Receptionist
- Guards
5. Job Roles and Responsibilities
Chief Operating Officer
- Will be in charge of providing direction for the business
- Will be In charge of 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.
- Will be in charge of the day to day running of the farm
- Will be in charge of handling high profile clients and deals
- Will be in charge of fixing prices and signing business deals
- Will be in charge of signing checks and documents on behalf of the company
- In charge of calculating the success of the farm at regular interval
Farm General Manager
- Will be in charge of the planning, management and coordinating all farm activities across the various sections on behalf of the organization
- In charge of supervising other section manager
- Ensures compliance during project executions
- Will be Obligated to provide advice on the management of farming activities across all section
- In charge of carrying out risk assessment
- Should be able to use IT systems and software to keep track of people and progress of the growth of crops, fishes, birds and animals
- Is in charge of overseeing the accounting, costing and sale of farm produce after harvest
- Is charged with representing the organization’s interest at various stakeholders meetings
- Makes sure that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are used and different interests involved are satisfied. In charge of preparing financial reports, budgets, and financial statements for the farm
- In charge of overseeing the smooth running of HR and administrative tasks for the organization
- Is tasked with handling all financial transactions for the farm
- It’s obligated to define the job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- In charge of training, evaluation and assessment of employees
- In charge of overseeing the smooth running of the daily farming activities across the various farming sections.
Business Accountant
- In charge of overseeing the smooth running of HR and administrative tasks for the organization
- Tasked with defining job positions for recruitment and managing interviewing process
- Carries out staff induction for new team members
- In charge of training, evaluation and assessment of employees
- In charge of preparing financial reports, budgets, and financial statements for the organization
- In charge of financial forecasting and risks analysis.
- In charge of developing and managing financial systems and policies
- In charge of administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the company
- Serves as internal auditor for the company
Plant Cultivation Manager/Supervisor
- In charge of managing the crop cultivation section of the commercial farm
- Tasked with supervising other workers within the department
- Obligated to work closely with the General Manager to achieve the organizations’ goals and objectives
Fish Farming Manager/Supervisor
- In charge of managing the fish farming section of the commercial farm
- Tasked with supervising other workers within the department
- Works closely with the General Manager to achieve the organizations’ goals and objectives
Poultry Farming Manager/Supervisor
- In charge of managing the poultry farming section of the commercial farm
- Tasked with supervising other workers within the department
- Works closely with the General Manager to achieve the organizations’ goals and objectives
Cattle Ranch and Animal Manager/Supervisor
- In charge of managing the cattle ranch and animal rearing section of the commercial farm
- Tasked with supervising other workers within the department
- works closely with the General Manager to achieve the organizations’ goals and objectives
Marketing and Sales Officer
- In charge of Identifying, prioritizing, and reaching out to new markets for our agriculture produce, processed food, new partners, and business opportunities within the agro – allied industry
- In charge of Developing, executing and evaluating new plans for expanding increase sales of all our agriculture produce and processed foods
- Tasked with documenting all customer contact and information.
- Represents the company in strategic meetings
- Aids to increase sales and growth for the company
Field Workers/Contract Staff
- In charge of preparing farm lands for crop cultivations
- In charge of feeding fishes, birds and animals as instructed by the supervisor
- In charge of cleaning poultry and cattle ranch
- Tasked with changing the water in fish ponds as instructed by the supervisor on a regular basis
- In charge of handling Sod installation/hydro – seeding
- In charge of Weeding or fertilizer and/or pest control application
- In charge of handling farm implements and machines as instructed by the section manager/supervisor
- Aids in handling the harvest of crops, fishes and birds et al
- Helps in carrying out task in line with the stated job description
- Helps in transport working tools and equipment from the farm and back to the designated store room
- Handles any other duties as assigned my the line manager
Receptionist
- Tasked with Receiving Visitors/customers on behalf of the organization
- Tasked with receiving parcels/documents for the company
- Tasked with handling enquiries via e-mail and phone calls for the organization
- Tasked with handling any other duties as assigned my the line manager
Guards
- In charge of protecting the farm and its environs
- Controls traffic and organize parking
- Tasked with giving security tips when necessary
- Patrols around the farm on a 24 hours basis
- Presents security reports weekly
6. SWOT Analysis
Fontaine Farms Limited was established to be exceptional and not as a trial and error, which is why we needed to conduct a proper SWOT analysis.
Understanding and getting our things right from the onset would mean that we have succeeded in creating the foundation that will help us establish a farm that will favourably compete with leading commercial farms in the United States of America in little or no time.
Fontaine Farms Ltd, as a farm that will be offering a good number of products, we have no plans for failure but a well situated plan that will aid us to maximizing our strength and opportunities and also make our threat and weakness an advantage for us. Properly explained below is a summary of the result of the SWOT analysis of Fontaine Farms Ltd;
- Strength
Fontaine Farms Ltd strength is strategically the fact that we have created a well based rapport with a handful of major players (agriculture merchants) in the agro – allied industry; both suppliers and buyers within and outside of the United States.
Fontaine Farms Ltd have also purchased some of the latest commercial farming machines, tools and equipment that will aid us plant crops and rear animals in commercial quantities with ease. Apart from all these, we were also quick in employing and adding tour payroll most of the experienced and best hands for the business in Boise – Idaho, United States.
- Weakness
Fontaine Farms Ltd weakness was perceived as, it will take time and much more incentives to move the farm into the forefront and close to the heart of the people, and also the fact that we decided to diversify our farming activities could count against us at first.
There is no business without a weakness or threat, but we have already planned on ways to turn all these around to our own advantage.
- Opportunities
The opportunities that we at Fontaine Farms Ltd have are the amount of homeowners, and industries that will come for our organic and non – organic agriculture produce and also industries that will come for the raw materials from our farms from all around Boise – Idaho and the United States.
- Threat
One of the threats that was perceived during the SWOT Analysis is the probability of global economic downturn that will tell negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavourable government policies and a new competitor (a farm that cultivates few or almost all the crops or rear same animals, birds and fish) as our farms within same location.
We believe in our strength and know that we will overcome any available threat with ease through handwork and consistency.
7. MARKET ANALYSIS
- Market Trends
As we all know, most players in the farming industry are no longer relying only on non – organic farming. They have now inculcated both organic crop cultivation and non – organic crop cultivation and despite that organic food are costly; they are steadily increasing in demand.
This industry can be tagged to be as old as man’s survival on planet earth, but that does not in any form make it over saturated or filled; individuals in the business keep exploring new ideas technologies in order to improve cultivation processes and also food preservation process; mechanized farming has without doubt increased the level of foods and crops that are being produced. The industry will always be needed for the survival of man and his family.
With the steady advancement in technology, farmers are now growing crops in large numbers in a country where such crops could never survive before now and in locations where there are little or few farming land. Individuals can now make use of rooftops (basement) of their houses to plant crops even at large quantity.
8. Our Target Market
Our target market at Fontaine Farms Ltd should naturally be those who are the end consumer of commercial farm produce and individuals who gain from the agricultural business chain.
If we look around, we would notice that every household consumes produce from commercial farms like vegetables, fruits, grains, tubers, fish, eggs, poultries, and beefs et al. Also a lot of manufacturing companies depend on commercial farms for some of their raw materials. This shows that farmers are not short of target markets or people to sell to.
We plan to make sure that Fontaine Farms Ltd is well positioned to attract consumers of agriculture produce not only in Boise– Idaho but the United States of America. This is the reason why we have plans to start exporting some of our farm produce either in raw form or processed form to the various cities and states in the US and the world at large.
Our Competitive Advantage
Statistics has it that the United States alone has 2.2 million farms, covering an area of 922 million acres. Which simply means that there is a large number of farmers in the United States of America, but the industry cannot be said to be over saturated but without doubt competitive.
Recently, individuals are being encouraged by the government to invest in commercial farming. This is simply because part of the success of any nation is her ability to feed herself through her hands and be able to feed other nations through exportation.
We all at Fontaine Farm Limited are fully aware that the industry is very lucrative but super competitive, which is the reason we decided to make an extensive research that will help us with understanding and preparing how to take advantage of the available market in the world starting with the United States.
Fontaine Farms Ltd have done its homework and we have understood the available factors that will give us competitive advantage over our competitors; some of the factors as we see them are effective and reliable farming processes that will aid us in selling our family produce at competitive prices, good network and excellent relationship management.
We have also designed our business in such a way that we will be offering a large number of commercial farms products that such as crop cultivation, poultry farming, fish farming, animal rearing and food processing plant. Which we know will be able to let us take over and leverage all the available opportunities in the United States.
We also plan to take care of our employees, and provide them with a welfare package will be one the best in the industry, which will show that we actually care for them and they in turn will be willing to help us build Fontaine Farms Ltd with us.
We will always consider them in all the major decisions and development in the farm, and hope to make them loyal and happy to work at Fontaine Farms Ltd.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Deciding from the foundation how funds will be raised and how the farm will be run is a critical decision that needs to be made from the beginning of any business. As we already know, Fontaine Farms Limited is a privately owned farm that was established with the aim maximizing profits.
Therefore we have decided to use and find out all available opportunities within our range to make Fontaine Farms Ltd the best among the best. Fontaine Farms Ltd will grow to be a major contributor in the United States economy. Outlined below are the ways we plan to generating income to run our business and pay our employees;
- Selling Pepper, tomatoes and curry cultivations
- Selling Planting of Grains (like millet, wheat, oat, shogun, barely, cereal, soybeans, black mustard, sunflower seed et al)
- Selling of assorted fruits
- Selling of Lettuce, Cabbage, and carrots
- Selling of Cotton Wool and other cash crops cultivations
- Selling Coffee and tea plants
- Selling of livestock (such as goats, sheep, grass – cutters, pigs and rabbits et al)
- Poultry
- Large fish ponds
- A Food Processing Plant (Tomatoes Paste, Fruit Juice, Processed Diary foods, and can foods et al) .
10. Sales Forecast
We at Fontaine Farms Ltd after our extensive research and feasibility studies have been able to discover what our sales or the income we will be generating in the next three years. We believe in our strength and the way we plan to run our farm, and we believe we will achieve these goals and figures.
We have also perfected our sales and marketing strategies to help us achieve our aim and goals, we have employed experienced hands and individuals we believe can help us be what we want, when we want.
We at Fontaine Farms have been able to thoroughly examine our industry and critically calculate our chances in the industry, and we have been able to come up with the following sales forecast. The sales forecast was actually gotten based what we believe is obtainable in the agriculture industry and we have made everything possible in order to achieve it within the specified time or year.
Outlined perfectly below is the three years forecast for Fontaine Farms Ltd and we believe no matter how huge in seems, we are prepared to achieve it;
- First Year-: $700,000
- Second Year-: $1,500,000
- Third Year-: $6,000,000
Note: it is worthwhile to note just like we stated above that this forecast was done based on what is obtainable in the industry and with the believe that none of the threats we mentioned above will be a hindrance or may likely appear.
- Marketing Strategy and Sales Strategy
We all at Fontaine Farms Ltd are without doubt are aware that the cause or in a better context reason why most commercial farms can hardly make good profits is their sluggishness in selling off their farm produce, most especially perishable produces as at when due.
This is exact is why we decided to set up a food processing plant that will be well situated for good services and profit maximization. We at Fontaine Farms Ltd have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on raw materials from the agriculture industry who are going to become our customers.
Properly aligned below are the basic sales and marketing strategies we will be adopt on going at Fontaine Farms Ltd;
- We will be introducing our farm and products by sending introductory letters alongside our brochure to stakeholders in the agriculture industry, companies that rely on the agriculture industry for their raw materials, hotels and restaurants and agriculture produce merchants, amongst others.
- We will also advertise our farm and agriculture produce in agro – allied and food related magazines and websites
- We will also list our commercial farms on yellow pages ads
- We will strive to attend related agriculture and food expos, seminars, and business fairs et al
- We also plan to make use of the internet to promote our business
- We also plan to engage in direct marketing
We will also Encourage the use of Word of mouth marketing (referrals)
11. Publicity and Advertising Strategy
We all at Fontaine Farms Ltd understand that any business that wants to attain its proposed height and actually take over its business market should be ready and willing to utilize every available means available to them (conventional and non – conventional means) to boost their brand awareness and create a corporate identity that will make people understand who they are and what they sell.
We at Fontaine Farms Ltd have the zeal to grow our business which is the reason why we have perfected plans to heighten our brand awareness and create a corporate identity. We also know the importance and the points to look out for when deducing the unique strategies that will help us boost our brand awareness and to create a corporate identity for our farm.
Summarized below are the strategies we have decided to use, after our extensive research and discussing, to boost our brand awareness and create a corporate identity in the agriculture industry;
- We are to encourage our loyal customers to help with Word of Mouth mode of advertisement (referrals)
- We also plan to advertise our commercial farm business in relevant magazines (agriculture and food related magazines), local newspaper, local TV stations and local radio station
- We will also promote our commercial farm business online via your official website
- We will list our farm business on local directories (yellow pages ads)
- We will make use of the internet and social media platforms like; Instagram, Google+, LinkedIn, Badoo, Facebook , twitter, et al to promote our commercial farm business
- We will also make use of direct coupon mailing approach to market our commercial farm produce
- We plan to distribute our fliers and handbills in target areas (farm markets) at regular intervals.
12. Our Pricing Strategy
Fontaine Farms Ltd has come to stay, and just to stay but to take over the market, covering the nook and crannies of the United States in each stroke. This is why we are not leaving any stone unturned in making sure we lay the perfect foundation for our farm.
We also believe that to achieve our aim, we need to put everything into consideration. For instance; if the climatic condition is unfavourable and if there are natural disaster in the location where we have our commercial farm, then it will directly affect the prices of our farm produce.
We all at Fontaine Farms Ltd believe that to get the right pricing for our farm produce, we need to make sure that we choose a good location for commercial farm, choose a good breed/seeds that will bring forth bountiful harvest, reduce the cost of running our farm to the smallest minimum/
We also make sure we attract buyers to our farm, as against taking your farm produce to the market to source for buyers; with this, we would have successfully removed the cost of transporting the goods to the market and other logistics from the equation.
We all at Fontaine Farms Ltd are aware that one of the easiest means of taking over the market and gaining customers. We plan to do just that and more with our astonishing sales and marketing strategies and with the help of all our workers.
We believe that the nature of commercial farming gas made it possible for farmers to place prices on their farm produce based on their discretion without any outlined procedure in the industry.
- Payment Options
We all at Fontaine Farms Ltd after our extensive research and thorough discussion are aware that different customers prefer different payment options as it suits them but at different times and ways. We plan to make sure that we provide them with payment options that will make their transactions less stressful and very open. Listed below are the payment options we at Fontaine Farms Ltd plan to make available to our customers;
- Payment via bank transfer
- Payment with cash
- Payment via online bank transfer
- Payment via check
- Payment via bank draft
- Payment via payoneer
We have also chosen to partner with a known bank in the United States in order to give our customers the best they can ever get in the agricultural sector of the United States.
13. Startup Expenditure (Budget)
The agriculture industry is very vast that it requires thorough research to be able to fit in, and the cost of starting a farm will depend solely on the niche you have decided to choose. For example, the cost for a fish farm is different from the cost of starting a mechanized crop farming, also the cost of starting a poultry farming is different from the start – up cost of cattle ranch (dairy farm) et al.
We have decided to offer a wide variety of services at Fontaine Farms Ltd and we know what we need to make this business the hub of the agriculture industry. Outlined below are some of the basic areas we plan to spend our start up fund for Fontaine Farms Ltd
- The price for incorporating our farm in United States of America – $750.
- Our budget for key insurance policies, permits and business license – $4,000
- The cost of acquiring/leasing a farm land – $55,000
- The budget for preparing the farm land (for crop cultivation, fish ponds, poultry, fencing et al – $25,000
- The price for acquiring the required working tools and equipment/machines/tractors et al– $600,000
- The price of Launching an official Website – $600
- The budget for paying our workers for 1 year – $500,000
- Other business requirements (Business cards, Signage, Adverts and Promotions et al) – $2,000
- Miscellaneous – $5,000
As you can see from our above cost analysis, we will need $1,192,350 to start Fontaine Farms Ltd and make the farm ready to serve the needs of our customers. Here also are the few equipment s we believe that are necessary in starting Fontaine Farms Ltd;
- Planter and tractor
- Soil cultivator
- Plough and Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
- Stone/Rock/Debris removal implement (e.g. Destoner, Rock windrower/rock rake, Stone picker/picker)
- Broadcast seedier (alternatively: broadcast spreader, fertilizer spreader, or Air seedier)
- Plastic mulch layer and Potato planter
- Seed drill (e.g. Precision drill)
- Transplanter (e.g. Wheat Transplanter)
- Sprinkler system irrigation, Mower, Sickle, and Winnower
- Milk machine (bulk tank, milking pipeline et al)
- Wheel Barrow and trucks
Generating Funding/Start-up Capital for Fontaine Farms Ltd
Having the required finance for your business, will go a long way to make sure you achieve your desired goal. As well all know, finance is a very crucial factor when it comes to building a farm. Building a successful business is not a one day job but a continuous job that requires consistency and hard work.
Fontaine Farms Ltd is a privately owned farm that will be solely finance by the owner and his immediate family. Outlined below are the possible means we plan to raise funds for Fontaine Farms Ltd;
- Raising part of the start – up capital from personal savings and sale of his stocks
- Raising part of the start – up capital from family members and friends (soft loans and gifts et al)
- Raising a larger chunk of the start-up capital from the banks (loan facility).
14. Sustainability and Expansion Strategy
Fontaine Farms Ltd is a business established to take over the agricultural sector and not be a side stone to be looked upon when the big players are not there. As part of our business sustainability and expansion strategy, Fontaine Farms have decided to start its food processing plant as soon as possible and create additional income for the business.
We also plan to continuously train of our employees (both full-time staff and part – time workers) to prepare them for any situation they find themselves in during their time with us Fontaine Farms Ltd believe that our employees are the backbone of our business without them we won’t be able to achieve our desired goal, so we plan to keep them happy and satisfied.
Fontaine Farms Ltd also understand that producing good and healthy farm produce, boosting our integrity, zeal, trust and good relationship management will go a long way to make us the talk of the town and prepare us to achieve everything we hope to achieve.
Check List/Milestone
- Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of All form of Insurance for the Business: Completed
- Conducting Feasibility Studies: Completed
- Leasing, renovating and equipping our facility: Completed
- Generating part of the start – up capital from the founder: Completed
- Applications for Loan from our Bankers: In Progress
- Writing of business plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of The Company’s Logo: Completed
- Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry: In Progress