Sample 1

A Sample Palm Oil Processing Plant Business Plan Template

Business Overview
Palm oil processing industry is an industry that is highly thriving in countries in the African
continent and in some part of Asia. Nigeria is one of the countries in Africa that has loads of
players in the palm oil processing industry. Although locals in rural communities run this type of
business on a small scale, there are medium scale to big time investors who also operate
standard palm oil processing businesses.

These are the organizations that own their own palm tree plantations and also engage in
exportation of well packaged palm oil to countries across the world. In most cases, they ensure
that they target countries with a robust Nigeria cum African communities.

Palm oil is considered to be one of the healthy and vitamin packaged oils that his highly suitable
for cooking. In Nigeria palm oil are used for several delicacies and even for frying. As a matter
of fact there are no tribe in Nigeria and even in the West African coast that don’t make use of
palm oil or red oil as it is popularly called in most quarters in Africa. Palm oil is also used in soap
making and body cream et al.

The palm oil processing line of business is indeed a thriving line of business and pretty much
active in Africa, Asia and South America (places with god numbers of African communities) they
generates several millions of US dollars annually from several registered and unregistered small
– scale, medium scale and big palm oil processing business scattered all around Africa, Asia
and South America. This line of business is responsible for the employment loads of people
directly and indirectly all around the world.

Any aspiring entrepreneur that is considering starting palm oil processing business whether on a
small scale or in a large scale should ensure that he or she conducts thorough market survey
and feasibility studies so as to get it right. The truth is that, this type of business do pretty well
when it is strategically positioned. Any location that is close to palm tree plantation is ideal for
such business especially if you don’t own your own palm tree plantation.

Over and above, palm oil processing is a profitable business venture and it is open for any
aspiring entrepreneur to come in and establish his or her business; you can chose to start on a
small scale by buying palm kernels from palm tree farmers and supplying palm oil to local
traders or if you have the capital and business exposure, then you can chose to start on a large
scale with a your own palm tree plantation and with robust distribution network all across
Nigeria, Africa and the global market.

Palm Oil Processing Plant Business Plan – Executive Summary

Delta Palm Oil Ventures is a standard palm oil processing business that will be based in Agbor
– Delta State, Nigeria. We are registered under the Nigerian Corporate Affairs Commission
(CAC). Although we intend starting out on a small scale by purchasing palm kernel from
farmers, but that will not in any way stop us from maximizing our potential in the palm oil
processing line of business.

We hope to grow the business from purchasing palm kernel from farmers to owning our palm
tree plantation and exporting palm oil to other countries in Africa and the world at large where
people consume palm oil or make use of palm oil for the production of soap or body cream et al.

Our business goal as a palm oil processing business is to become the number one choice of
households and petty traders in Nigeria and other countries of the world where we intend
retailing our palm oil. As a business, we are willing to go the extra mile to invest in owning our
own palm tree plantation and also to hire efficient and dedicated employees. We have been
able to secure permits from all relevant departments both at local government level and state
level in Delta state.

Delta Palm Oil Ventures is set to redefine how standard palm oil processing business should be
run, not just in Agbor – Delta State, but also in the whole of the Nigeria. This is why we have put
plans in place for continuous training of all our staff at regular interval.

No doubt the demand for palm oil is not going to plummet any time soon because there will
always be people who can’t cook without palm oil and cottage companies who need palm oil as
their raw material et al, which is why we have put plans in place to continue to explore all
available market around the communities where we intend retailing our palm oil.

In the nearest future, we will ensure that we create a wide range of distribution channels all
across Lagos Nigeria, the West African Coats and the World at large. With that, we know we will
be able to maximize profits in our business.

Our strongest selling point at Delta Palm Oil Ventures is the unique distribution channels. There
is hardly any customer that will purchase our well – processed palm oil who would not want to
come back and make more purchase – we take delight in welcoming repeat customers over and
over again.

Delta Palm Oil Ventures will at all time demonstrate her commitment to sustainability, both
individually and as a firm, by actively participating in our communities and integrating
sustainable business practices wherever possible. We will ensure that we hold ourselves
accountable to the highest standards by meeting our customers’ needs precisely and
completely. We will cultivate a working environment that provides a human, sustainable
approach to earning a living, and living in our world, for our partners, employees and for our
customers.

Our plan is to position our palm oil processing business to become the leading brand in the
palm oil processing line of business in the whole of Nigeria, and also to own our palm tree
plantation and become a major wholesale distributor of palm oil through Nigeria, the West
African Coast and the world at large.
This might look too tall a dream but we are optimistic that this will surely come to pass because
we have done our research and feasibility studies and we are enthusiastic and confident that
Agbor – Delta State is the right place to launch this type of business before spreading to other
states in the southern part of Nigeria.

Delta Palm Oil Ventures is a family business that will be owned by Mr. Mitchell Okonta and his
immediate family members. Mr. Mitchell Okonta is an astute business man who have been able
to start and grow several businesses before starting Delta Palm Oil Ventures. He has a degree
in business administration from the University of Benin and also an alumni of FATE Foundation
business school, Ijora – Lagos.

Our Product and Services

We are very much aware of the importance of having very good products and services. This is
one of the reasons why we have made great plans to have the best of products and services. At
Delta Palm Oil Ventures we will be involved in palm oil processing, packing and wholesale
distribution across Nigeria, West African Coats and the world at large. Our intention of starting
Delta Palm Oil Ventures is to make profits from the palm oil processing line of business and we
will do all that is permitted by the law in Delta State – Nigeria to achieve our business aim and
ambition.

Our Vision Statement

Our vision as a palm oil processing business is to own our own palm tree plantation and to
engage in wholesale distribution of palm oil all across Nigeria and to export palm oil to other
countries of the world.

Our Mission Statement

Our mission is to establish a standard and world class palm oil processing business that in our
own capacity will favorably compete with leaders in the industry. We want to build a palm oil
processing business that will be listed amongst the top 5 palm oil processing brands in the West
African Coast.

Our Business Structure

Ordinarily, we would have succeeded in running a palm oil processing business with few
employees, but as part of our plan to build a top flight palm oil processing business in Agbor –
Delta State, we have perfected plans to get it right from the onset which is why we are going the
extra mile to ensure that we have competent employees to occupy all the available positions in
our company.

The picture of the kind of palm oil processing business we intend building and the business
goals we want to achieve is what informed the amount we are ready to spend to ensure that we
build a business with dedicated workforce and robust distribution network.
In view of that, we have decided to hire qualified and competent hands to occupy the following
positions at Delta Palm Oil Ventures;

Chief Executive Officer (Owner)

Palm Oil Processing Plant Manager
Human Resources and Admin Manager
Sales and Marketing Officer
Accountants / Cashiers
Palm Oil Processing Plant Casual Workers
Truck Drivers / Palm Oil Wholesale Distributors
Customer Service Executives
Roles and Responsibilities

Chief Baker / Chief Executive Officer – CEO (Owner):

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; developing
incentives; developing a climate for offering information and opinions; providing educational
opportunities.
Creates, communicates, and implements 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
Creates, communicates, and implements the organization’s vision, mission, and overall direction
– i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization
Palm Oil Processing Plant Manager

Responsible for overseeing the smooth running of the palm oil processing plant
Makes sure that quality is maintained at all times
Maps out strategy that will lead to efficiency amongst workers in the palm oil processing plant
Responsible for training, evaluation and assessment of the workforce
Ensures operation of equipment by completing preventive maintenance requirements; calling for
repairs.
Ensures that the palm oil processing plant meets the expected safety and health standard at all
times.
Human Resources and Admin Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the
organization
Updates job knowledge by participating in educational opportunities; reading professional
publications; maintaining personal networks; participating in professional organizations.
Enhances department and organization reputation by accepting ownership for accomplishing
new and different requests; exploring opportunities to add value to job accomplishments.
Defines job positions for recruitment and managing interviewing process
Carries out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Oversees the smooth running of the daily business activities.
Merchandize Manager

Manages vendor relations, market / farm visits, and the ongoing education and development of
the organizations’ buying teams
Helps to ensure consistent quality and quantity of palm oil
Responsible for the purchase of palm kernels and measuring materials (drums, bottles, and
plastics et al)
Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing
and pricing orders to vendors
Ensures that the organization operates within stipulated budget.
Sales and Marketing Manager

Manages external research and coordinate all the internal sources of information to retain the
organizations’ best customers and attract new ones
Models demographic information and analyze the volumes of transactional data generated by
customer purchases
Identifies, prioritize, and reach out to new partners, and business opportunities et al
Responsible for supervising implementation, advocate for the customer’s needs, and
communicate with customers
Develops, executes and evaluates new plans for expanding increase sales
Documents all customer contact and information
Represents the company in strategic meetings
Helps to increase sales and growth for the company
Palm Oil Processing Plant Casual Workers

Responsible for operating palm oil processing equipment

Responsible for measuring and filling palm oil into various containers as demanded by clients
Responsible for carrying out all casual or unskilled jobs in the palm oil processing plant
Assists in loading and unloading of palm kernels and processed palm oil
Handles any other duty as assigned by the palm oil processing plant manager
Accountant / Cashier

Responsible for preparing financial reports, budgets, and financial statements for the
organization
Provides managements with financial analyses, development budgets, and accounting reports;
analyzes financial feasibility for the most complex proposed projects; conducts market research
to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for the organization
Serves as internal auditor for the organization
Distribution Truck Drivers

Assist in loading and unloading palm kernels and processed palm oil.
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.
Local-delivery drivers may be required to sell products or services to stores and businesses on
their route, obtain signatures from recipients and collect cash.
Transport finished goods and raw materials over land to and from manufacturing plants or retail
and distribution centers
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
Client Service Executive

Ensures that all contacts with customer (e-mail, walk-In center, SMS or phone) provides the
client with a personalized customer service experience of the highest level
Through interaction with customers on the phone, uses every opportunity to build client’s
interest in the company’s products and services
Manages administrative duties assigned by the store manager in an effective and timely manner
Consistently stays abreast of any new information on Delta Palm Oil Ventures products,
promotional campaigns etc. to ensure accurate and helpful information is supplied to customers
when they make enquiries
Palm Oil Processing Plant Business Plan – SWOT Analysis
Due to our drive for excellence when it comes to running a standard palm oil processing
business, we were able to engage some of the finest business consultants in Lagos – Nigeria to
look through our business concept and together we were able to critically examine the prospect
of the business and to access ourselves to be sure we have what it takes to run a standard
palm oil processing business that can compete favorably in the palm oil processing line of
business.

In view of that, we were able to take stock of our strengths, our weakness, our opportunities and
also the threats that we are likely going to be exposed to in Nigeria and also in other parts of the
world that we intend selling our palm oil. Here is a preview of what we got from the critically
conducted SWOT Analysis Delta Palm Oil Ventures;

Strength:
Our strength lies in the fact that we own our own palm tree plantation. We have state of the art
palm oil processing facility and equipment that has positioned us to meet the demand of palm oil
in Nigeria and the world at large even if the demand tripled over night or if we have a massive
order to meet and emergency need.

Another factor that counts to our advantage is the background of our Chief Executive Office; he
has a robust experience in the industry and also a pretty good academic qualification to match
the experience acquired which has placed her amongst the top flight business men in Nigeria.
We are not ignoring the fact that our team of highly qualified and dedicated workers will also
serve as a strength for our organization

Weakness:
We do not take for granted the facts that we have weaknesses. In fact, the reality that we are
setting up a palm oil processing business in a city with other smaller and larger palm oil
processing businesses might likely pose a challenge for us in breaking into the already
saturated market in Nigeria.

In essence our chosen location might be our weakness. But never the less, we have plans to
launch out with a big bang. We know with that, we will be able to create a positive impression
and we have a proper handle when it comes to building on already gather momentum.

Opportunities:
The opportunities available to us are unlimited. Loads of people make use of palm oil on a daily
basis and all what we are going to do to push our push our palm oil to them is already perfected.
Agbor in Delta state is just ideal for palm oil processing business because the land is ideal for
farming palm trees, plus the fact that palm kernel is cheaper in Agbor.

Threat:
The threat that is likely going to confront us is the fact that we are competing with already
established palm oil processing businesses in Delta State and also there are other
entrepreneurs who are likely going to launch similar business within the location of our
business. Of course, they will compete with us in winning over the available market.

Another threat that we are likely going to face is unfavorable government policies and economic
downturn. Usually economic downturn affects purchasing / spending powers and unfavorable
government policies can hinder our free – flow of exporting palm oil to other countries of the
world.

Palm Oil Processing Plant Business Plan – MARKET ANALYSIS

Market Trends
It is common trend in the palm oil processing line of business to find palm oil processing
companies positioning their business in locations and communities where they can easily have
access to fresh and cheap palm kernels. If you make the mistake of positioning this type of
business in a location where you would have to travel a distance before you can access palm
kernels in commercial quantities, then you would have to struggle to make profits and maintain
your overhead and logistics.

So also another trend in this line of business is that most registered and well organized palm oil
processing companies look beyond the market within their locations or even Nigeria; they are
involved in packaging and exporting palm oil to communities abroad with robust Nigerian cum
African communities. United States of America, Canada and most countries in Europe are their
major targets.

Lastly, in the bid to stay afloat and continue to make profits from this line of business, most
standard businesses that are into palm oil processing tend to work hard to ensure that they own
their own palm tree plantation. With that, it is easier for them to maximize profits and grow the
business.

Our Target Market

When it comes to retailing processed palm oil, there is indeed a wide range of available
customers. In essence, our target market can’t be restricted to just a group of people, but all
those who make use of palm oil for cooking and also all those who make use of palm oil as raw
material in the cottage industry.

One thing is certain; there are no restriction to the demographic and psychographics
composition of the target market for oil in Nigeria. This goes to show that the target market for
palm oil is wide and far reaching, you can create your own make niche yourself to serve a
specific purpose.

In view of that, we have conducted our market research and we have ideas of what our target
market would be expecting from us. We are in business to engage in retailing and wholesale
distribution cum exporting of palm oil to the following groups of people:

Households who make use of palm oil for cooking

Restaurants and canteens that make use of palm oil for cooking
Nigerian cum African communities in the United States of America, Canada, and Europe
Small scale businesses that make use of palm oil as part of their raw material.
Our Competitive Advantage

First and foremost, the fact that anybody with a business cum retailing skills can decide to start
palm oil processing business means that the business is open to all and sundry hence it is
expected that there will be high – level competition in the industry. There is hardly any busy
community where palm trees can easily be cultivated that you won’t find several oil processing
businesses especially on a small scale level.
As a standard palm oil processing business, we know that gaining a competitive edge requires a
detailed analysis of the demographics of the surrounding area and the nature of existing
competitors. And even if you are successful at first, new competitors could enter your market at
any time to steal your regular customers. Hence we will not hesitate to adopt successful and
workable strategies from our competitors.

We are going to be one of the very few palm oil processing companies in Agbor – Delta State
that will also engage in wholesale distribution of palm oil all across Nigeria and also export palm
oil to other countries of the world.

Another competitive advantage that we have is the vast experience of our management team,
we have people on board who are highly experienced and understands how to grow business
from the scratch to becoming a national phenomenon. Our large and robust distribution network
and of course our excellent customer service culture will definitely count as a strong strength for
the business.

One thing is certain, we will ensure that in future, we own our palm tree plantations all across
states in the southern part of Nigeria where palm trees can easily be cultivated. With that our
brand will be well communicated and accepted nationally.

Lastly, our employees will be well taken care of, and their welfare package will be among the
best within our category (startups palm oil processing companies) 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. We will also give good working conditions and commissions
to freelance sales agents that we will recruit from time to time.

Palm Oil Processing Plant Business Plan – SALES AND MARKETING STRATEGY
Sources of Income
Delta Palm Oil Ventures is established with the aim of maximizing profits in the palm oil
processing line of business both in Delta State and throughout key cities in Nigeria and of
course in some countries of the world. We are going to go all the way to ensure that we do all it
takes to sell our palm oil both in retail and wholesale to a wide range of customers who make
use of palm oil.

Delta Palm Oil Ventures will generate income by simply selling palm oil.

Sales Forecast
One thing is certain when it comes to palm oil processing business, if your business is centrally
positioned and easily accessible, you will always attract customers cum sales and that will sure
translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Nigeria and every other countries of
the world where we intend exporting our palm oil to and we are quite optimistic that we will meet
our set target of generating enough income / profits from the first six month of operations and
grow the business and our clientele base.

We have been able to critically examine the palm oil processing line of 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 projection are based on information gathered on the field and some
assumptions that are peculiar to startups in Delta State – Nigeria.

Below are the sales projection for Delta Palm Oil Ventures, it is based on the location of our
business and other factors as it relates to small scale and medium scale coconut oil production
company start – ups in the United States;

First Fiscal Year-: N690,000

Second Fiscal Year-: N2 Million
Third Fiscal Year-: N3.5 Million
N.B: This projection is done based on what is obtainable in the industry and with the assumption
that there won’t be any major economic meltdown and there won’t be any major competitor
offering same product and customer care services as we do within same location. Please note
that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

Before choosing a location to launch Delta Palm Oil Ventures, we conduct a thorough market
survey and feasibility studies in order for us to be able to be able to penetrate the available
market in Nigeria and the international market. We have detailed information and data that we
were able to utilize to structure our business to attract the numbers of customers we want to
attract per time and also for to compete with other palm oil processing companies.

We hired experts who have good understanding of the palm oil processing line of business to
help us develop marketing strategies that will help us achieve our business goal of winning a
larger percentage of the available market for our products.

In other to continue to be in business and grow, we must continue to sell our palm oil to the
available market which is why we will go all out to empower or sales and marketing team to
deliver our corporate sales goals. In summary, Delta Palm Oil Ventures will adopt the following
sales and marketing approach to sell our wide range of cupcake flavors;

Introduce our palm oil product cum business by sending introductory letters to residence,
merchants and other stakeholders both in Nigeria and abroad.
Open our palm oil processing business with a party so as to capture the attention of residence
who are our first targets
Engage in road show in targeted communities from time to time to sell our products
Advertise our products in community based newspapers, local TV and radio stations
List our business and products on yellow pages ads (local directories)
Leverage on the internet to promote our product cum business
Engage in direct marketing and sales
Encourage the use of Word of mouth marketing (referrals)
Palm Oil Processing Plant Business Plan – Publicity and Advertising Strategy
Regardless of the fact that our palm oil processing business is a standard one that can
favorably compete with other leading palm oil processing business in Nigeria and in any part of
the world, we will still go ahead to intensify publicity for all our products and brand. We are going
to explore all available means to promote Delta Palm Oil Ventures.

Delta Palm Oil Ventures has a long term plan of owning our own palm tree plantations all across
the southern part of Nigeria and export our product all across the world. This is why we will
deliberately build our brand to be well accepted in Agbor – Delta State before venturing out to
other cities in Nigeria and the world. As a matter of fact, our publicity and advertising strategy is
not solely for selling our products but to also effectively communicate our brand.

Here are the platforms we intend leveraging on to promote and advertise Delta Palm Oil
Ventures;

Place adverts on both print (community based newspapers and magazines) and electronic
media platforms
Sponsor relevant community programs
Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, et al to
promote our brand
Install our Bill Boards on strategic locations all around major communities in Nigeria
Engage in road show from time to time in targeted communities
Distribute our fliers and handbills in target areas
Position our Flexi Banners at strategic positions in the location where we intend getting
customers to start patronizing our palm oil.
Ensure that all our staff members wear our customized clothes, and all our official cars and
distribution trucks are customized and well branded.
Our Pricing Strategy

When it comes to pricing for products such as palm oil, there are no hard and fast rules, the
prices depends are based on per liter or the container in which the palm oil are placed in.

In view of that, our prices will conform to what is obtainable in the industry but will ensure that
within the first 3 to 6 months our palm oil are sold a little bit below the average prices when
compared to other palm oil retailing businesses in Nigeria. 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 brands.

Payment Options
The payment policy adopted by Delta Palm Oil Ventures 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 Delta Palm Oil Ventures will make available to her clients;

Payment via bank transfer

Payment with cash
Payment via online bank transfer
Payment via check
Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make
payment for farm produces purchase without any stress on their part. Our bank account
numbers will be made available on our website and promotional materials to clients who may
want to deposit cash or make online transfer for the purchase of palm oil in wholesale.

Start – Up Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want
to undertake. If you intend to go big by renting a place, then you would need a good amount of
capital as you would need to ensure that your employees are well taken care of, and that your
facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and
aspirations for your business.

The tools and equipment that will be used are nearly the same cost everywhere, and any
difference in prices would be minimal and can be overlooked. As for the detailed cost analysis
for starting a palm oil processing business; it might differ in other countries due to the value of
their money.

We know that no matter where we intend starting our palm oil processing business, we would
be required to fulfill most of the items listed below;

The Fee for registering the business (venture) in Nigeria – N15,000

Legal expenses for obtaining licenses and permits as well as the accounting services (software,
P.O.S machines and other software) – N30,000
Marketing promotion expenses for the grand opening of Delta Palm Oil Ventures – N15,000
Cost for hiring Business Consultant – N20,000
Insurance (general liability, workers’ compensation and property casualty) coverage at a total
premium – N20,000
Cost for payment of rent for 12 month and renovation inclusive – N24,000
Other start-up expenses including stationery and phone and utility deposits – N5,000
Operational cost for the first 3 months (salaries of employees, payments of bills et al) –
N200,000
The cost for Start-up inventory (palm kernel supply, storage tanks, drums, bottles and
packaging materials et al) – N320,000
Cost for store equipment (cash register, security, ventilation, signage) – N10,000
Cost of purchase of distribution trucks – N450,000
The cost for the purchase of furniture and palm oil processing equipment (Computers, Printers,
Telephone, Fax Machines, tables and chairs et al) – N15,000
The cost of Launching a Website – N25,000
The cost for our opening party – N10,000
Miscellaneous – N10,000
We would need an estimate of N750, 000 to successfully set up a standard and world class
Palm oil processing business. Please note that this amount includes the salaries of all the staff
for the first 3 month of operation.

Generating Funding / Startup Capital for Delta Palm Oil Ventures

No matter how fantastic your business idea might be, if you don’t have the required money to
finance the business, the business might not become a reality. Finance is a very important
factor when it comes to starting a business such as kerosene retailing business. No doubt
raising start – up capital for a business might not come cheap, but it is a task that an
entrepreneur must go through.

Delta Palm Oil Ventures is a family business that is owned and financed by Mr. Mitchell Okonta
and his immediate family members. They do not intend to welcome any external business
partners which is why he has decided to restrict the sourcing of the start – up capital to 3 major
sources.

These are the areas we intend generating our start – up capital;

Generate part of the start – up capital from personal savings and sell of stocks
Source for soft loans from family members and friends
Apply for loan from my Bank
N.B: We have been able to generate about N250,000 (Personal savings N200,000 and soft loan
from family members N50,000) and we are at the final stages of obtaining a loan facility of
N500,000 from our bank. All the papers and document have been signed and submitted, the
loan has been approved and any moment from now our account will be credited with the
amount.

Palm Oil Processing Plant Business Plan – Sustainability and Expansion Strategy
The future of a business lies in the numbers of loyal customers that they have the capacity and
competence of the employees, their investment strategy and the business structure. If all of
these factors are missing from a business (company), then it won’t be too long before the
business close shop.
One of our major goals of starting Delta Palm Oil Ventures is to build a business that will survive
off its own cash flow without the need for injecting finance from external sources once the
business is officially running. We know that one of the ways of gaining approval and winning
customers over is to retail our palm oil a little bit cheaper than what is obtainable in the market
and we are well prepared to survive on lower profit margin for a while.

Delta Palm Oil Ventures 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 re – training of our workforce
is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management
staff and it will be based on their performance for a period of three years or more. 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.

Check List / Milestone

Business Name Availability Check: Completed

Business Registration: Completed
Opening of Corporate Bank Accounts: Completed
Securing Point of Sales (POS) Machines: Completed
Opening Mobile Money 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 a facility for processing and storing palm oil and renovating the facility as well: In
Progress
Conducting Feasibility Studies: Completed
Generating capital from family members: Completed
Applications for Loan from the bank: In Progress
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents and other relevant Legal Documents: In Progress
Design of The Company’s Logo: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
Recruitment of employees: In Progress
Purchase of the Needed palm oil processing equipment, furniture, racks, shelves, computers,
electronic appliances, office appliances and CCTV: In progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business both online and around the community: In Progress
Health and Safety and Fire Safety Arrangement (License): Secured
Opening party / launching party planning: In Progress
Establishing business relationship with vendors – wholesale suppliers / merchants of palm oil: In
Progress
Purchase of delivery tanks: Complete