RICE MILL BUSINESS PLAN SAMPLE TEMPLATE
One of the ways that you can ensure the success of your business a success even before you start it is by creating a business plan. I am sure you are familiar with this cliché that says “failing to plan is planning to fail.”
Are you planning to write a rice milling business plan? If yes, this post is for you.
If you don’t have a well-defined plan that is written out for your business before you start it, then you are planning for the failure of that mini rice mill business.
To help you prevent this, I have put this post together to help in creating a viable business plan for your rice mill business.
Here is a sample business plan for starting a rice mill.
BUSINESS NAME: Rico Rice Mill Company
- Executive Summary
- Products and Services
- Vision Statement
- Mission Statement
- Business Structure
- Target Market
- Marketing and Sales Strategy
- Source of Income
Rico Rice Mill is a company registered in the United States. It will be established in Yuba, California. From our research, we discovered that rice farms are highly concentrated in this area and the number of rice mills available is not sufficient to cater to the demands of the rice farmers. This is why we decided to establish this Rico Rice Mill.
The intended location will be very close to the rice plantations in the area. This will help the rice farmers to have easy access to our services. Aside from helping farmers mill their rice, we also plan to have a feed mill where the byproducts from the milled rice- the husk, bran, and other waste will be used in producing livestock feeds.
We discovered that rice farmers find it challenging to get storage facilities to store their processed rice around. We intend to help them tackle this challenge by making storage facilities available to them at affordable rates.
Though there are rice mills in the area, Rico Rice Mill Company aims to stand out among them all. We intend to do this by providing excellent services for our customers. Also, we plan to penetrate every part of the United States that has rice farms.
We know that having loyal customers is one of the keys to the success of this business. So, we will make sure we always give our customers the best of satisfaction that they cannot get anywhere else. We want to do this by delivering excellent services according to our customers’ requirements. We also intend training our customers on the best techniques to grow and process their rice.
Rico Rice Mill Company is jointly owned by Bobby Philips and Henry Brown. Bobby is an Agricultural Economics, he has been a rice farmer for 10 years. Henry is a Business Technologists and for the past 12 years, he has been helping farms build profitable businesses through the use of various technologies.
They plan using their vast knowledge and wealth of experience in this industry to make Rico Rice Mill one of its kind.
Products and Services
The major service Rico Rice mill intends to provide is rice milling. This will be our area of concentration. However, we will also offer other services and products.
Some of the services and products we intend to offer are:
- Rice milling
- Storage Facilities
- Training services
- Animal feeds production
Our vision is to become one of the best and leading rice mill companies in the whole of California as well as all through the United States.
Our mission is to offer quality and excellent services that our customers will not be able to get anywhere else by making use of the best equipment and competent manpower.
We know having a good business structure is paramount for the viability of any business. Therefore, it is of utmost importance to us to put in place a good business structure for our company. We intend to employ competent manpower who have the skills, qualities and drive needed for the growth and success of our company.
These the competent manpower we intend to employ:
- Managing Directors
- Production Manager
- Human resources and Admin Manager
- Marketing Executives
- Quality Inspector
- Machine Operators
- Maintenance Team
- Truck Driver
- Security Guard
Our target market is the rice farmers who are highly concentrated in the area we intend to establish our mill. The proximity of our company to our target market will be of great benefit to us as the rice farmers will find it convenient and easier to come to us rather than going too far places to mill their rice. The animal feeds and other byproducts we produce will also be bought by livestock farmers in the area.
Marketing and Sales Strategy
We intend to use an attractive marketing strategy to get customers. We will do this by going to different rice farms and teach the farmers on how to employ the best rice farming techniques and different preventive measures they can make use of to accelerate the growth of their crops.
We will also give to them fertilizers for their rice plants. And then introduce Rico Rice Mill to them and tell them about the benefits they will enjoy by patronizing us. All these will attract them to us and when they come, we will make sure we give them a wow experience that will not only make them come back but also refer others to us.
We also intend to leverage on the internet by creating a website for our business and making use of social platforms such as Facebook, YouTube, Periscope and Twitter to promote the business.
Sources of Income
Rico Rice Mill plans to generate income by offering these products and services:
- Milling of rice
- Renting out storage facilities to farmers
- Sales of animal feeds
- Sales milled rice byproducts such as rice husk and bran
Please share this rice mill business plan.