BUSINESS IDEA: INDUSTRIAL STARCH PRODUCTION

INTRODUCTION

Industrial Starch is made of grains and tubers. It is used both food and other industries. The basic raw materials, machineries and the production technology are very simple and could also be acquired locally without the need to import.

RAW MATERIALS

Maize (corn, this may not compulsorily recommended as it is one of the major cereals and its availability)

Cassava tuber (cassava is a popular tuber that is grown all over the state and could be therefore be reliable for production)

Availability of Raw materials: Cassava is available all around the state in Nigeria.

PRODUCTION PROCESS

The cassava is peeled (if white starch) or unpeeled (if brown starch) is desired. Thereafter grated and sifted on a laden extractor. The obtained water is then sent into the slurry tank for sedimentation. “Contact Business Breeder for details)

Production Formular:

Cassava tuber + Grated = CASSAVA MESH

MESH WATER + SLURRY TANK= STARCH

MACHINERIES AND EQUIPMENT REQUIRED:

Peeling Machine, Cassava Grater, Slurry Tanks, (Contact us for other)

Packaging: This is done in fifty kilograms, one hundred kilograms, depending on the market you are supplying.

MARKETING

All industries that engage in manufacture of the following: Glucose, Jelly, Baby Food, Confectioneries, and Custards (Contact BUSINESS BREEDER for details)

FINANCE

For one ton per day production initially

Machineries and equipment = ********

Rent = ********

Raw materials and Packaging = ********

Salary and Wages (yearly) = ********

Pre-Investment & Contingency = *********

OTHERS ***********************************

This business has been proved FEASIBLE AND PROFITABLE. (Reference: Dr. S. O Omojuyigbe)

CONTACT

BUSINESS BREEDER FOR A COMPREHENSIVE FEASIBILITY STUDY, BUSINESS PLAN, IMPLEMENTATION PROGRAMME AND ACCESS TO FUND/FINANCE.

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NATIONAL YOUTH SUMMIT

Loading very fast, in 14 days countdown, one of the biggest and largest youth summits in the world will be activated at the International Conference Centre, Abuja. 

Interestingly, Youths from the United States of America, Asia and Europe have also indicated interest to participate in the Summit - World Youth Summit you may say...

We believe you need to consider deeply which of the schools to attend at the Summit. Therefore, we have here the Capsule Summary of the NYS Schools and they are as follows:

• Global School of Leadership:  

· Becoming a person of value
· Self-evaluation and improvement
· The greatest secret of success (life is predictable)
· The lifestyle of Benjamin Franklin (time management)
· The secret of transformation (pain as a instrument of growth)
· The undiscovered power of conversion
· The principle of system development
· Understanding and managing organizational behaviour
· Strategic thinking and planning
· Human resource management

• Institute of National Transformation: 

. Nations and their predestination

· Burdens as vehicle for national transformation

· Taking responsibility for national transformation

· Developing right value system and quality management principles

• School of Social Entrepreneurship:
  . How to create and sustain social value
  . Learning how to set up your social enterprise
  . Strategies for mobilizing funds for your NGO

• School of Career Development:
  . How to climb the corporate ladder
  . Principles of career success
  . How to get your dream jobs

• School of Business Development:
  - How to raise capital for your business
  - How to grow your business into a multimillion enterprise
  - How to grow your customer base and sell your product

• Skill Acquisition Training:
  • Acquire skills for global opportunities
  • Discover professional trainings that can boost your expertise
  • Explore new skill areas that can enhance your earning capability

• School Of Arts & Entertainment:
  • Interactive session with seasoned entertainment experts
  • How to excel in auditions
  • How to attain stardom and remain a star

• School of Media and ICT:
  • How to harness the media as a tool for development
  • Media as a tool for wealth creation and job creation
  • How to use social media to your advantage
  • How to build an online business and create job opportunities
  • Strategies for creating a successful media business
  • Interactive Session with seasoned ICT and Media professionals
  • Mentorship opportunities in the ICT sector
  • Fundamentals of Graphics Designing
  • Concepts of Agritecpreneur and EdTech
  • Global Solutions with Coding paradigms

Also visit http://www.nysafrica.org/facilitators for more information.

If you are yet to register, quickly register now to secure your seat. Registration is FREE. Training is FREE!

Register HERE

ENTREPRENEURSHIP TRAINING (SERIES 4)

GROWING YOUR BUSINESS.
 
If your business isn’t growing then it is failing. If you aren’t moving forward then you are moving backwards. Once you have the right people in place and have developed a good customer base your company should focus on continual growth. There are lots of ways to promote growth in your company and the specifics will be based on your particular business. For example, growth for a retail business may mean opening up a new store front or developing a new product line. Growth for an IT company could be purchasing or developing a new system. Whatever your company does you need to figure out ways to expand it. This goes beyond just figuring out ways to earn more money.  
 
Creating Strong Business Relationships 
 
Creating business relationships that are strong is the foundation of growing your business. Customers, clients, suppliers and business associates are the life blood of your business’s growth. You simply cannot forge ahead down the path to success without these helpers, which means you need to develop long-lasting and meaningful relationships with them. These relationships are established on trust and honesty.   
 
Communicate often. 
 
Communication between your business contacts is extremely important. This is especially true of your customers and your suppliers. These contacts rely on you to tell them what is going on, which includes letting them in on any problems you are experiencing. Communication should be a top priority for your business relationships.  
 
Meet deadlines. 
 
When a customer deals with your business they expect you to hold up your end of the bargain and deliver on your promises. This certainly means meeting your deadlines. When you promise something to a customer or supplier, you want them to consider your word as your bond. Not having to worry if your business will fulfill its requirements builds trust with customers.  
 
Try to prevent surprises. 
 
Customers and clients generally don’t like surprises; especially if the service your company provides has a direct link to their livelihood. While it may not be possible for you to prevent unwanted things from happening, being honest with your customers and maintaining communication with them regarding what is going on can help you to eliminate unwanted surprises.  
 
Being Honest 
 
The value of being an honest business cannot be overstated. Your company will grow faster and reach further if it is based on honest principles and ethics. It is important to strive for honesty at all times and at all levels of your business.  
 
Honesty will keep your customers coming back. 
 
No business relationship can last if it isn’t based on honesty. Being honest with your clients and customers will help them want to continue to give you their business. Honesty builds trust and this can create a business reputation that will help you grow and get you more clients.  
 
You should be honest with everyone that has to do with your business, not just your customers and clients. You need to be honest with your employees, your suppliers, your investors and everyone else. This means not making up lies to cover your own basis, owning up to your own mistakes and acknowledging the business’s state to your employees and investors. Again, this kind of honesty creates loyalty.  
  
Be honest with yourself. 
 
Don’t forget to be honest with yourself too. This can be the most brutal form of honesty and one of the hardest things you can do. Being honest with yourself regarding what you really want from your business and what goals you are really looking to achieve is extremely important. Lying to yourself, even in tiny ways, can end up causing you to compromise your business, its ethics and its principles, which can spell disaster. 

Be honest about growth. 
 
Don’t try to grow your business too quickly either.  There is always the idea that a business a business should grow as quickly as it can, but this concept can often lead to trouble. Sustained business growth comes from a clear and detailed strategy. It also comes from having the appropriate systems and processes ready to go in order to cope with this new growth. Don’t focus on everything at one time. Pay attention to the required resources needed to sustain this growth, as many smaller businesses simply don’t have access to the right resources and can get in over their heads.

Ayodeji Adelowo Entrepreneurship Tips

ENTREPRENEURSHIP TIPS TOPIC: BE THE BEST

ENTREPRENEURSHIP TIPS TOPIC: BE THE BEST

BUSINESS BREEDER ONLINE ENTREPRENEURSHIP TRAINING.

Series 3: The Importance of Passion in business.

Passion represents one of the most important aspects of becoming a successful entrepreneur. Without passion your business will turn out to be just another job.

#1-Always choose something you are passionate about!
Without passion, and a lot of it, your business dreams will become lost in the day to day grind of running a business. Take a look at the top ten most successful entrepreneurs and you will see that their passion is the number one driving force behind their success. There is no way to escape this fact- you simply must be passionate in order to achieve your goals!

Starting with a Dream
The best way to start a business is to take what you are passionate about and find a way to turn that into a business. You need to start with a dream. If you don’t have passion for your work then you won’t have the motivation and energy to keep pushing through obstacles, you won’t be willing to take the necessary risks required to succeed and you won’t be able to sell your dream to others.

#2- Start with your dreams and grow your business from there.
The unfortunate reality is that once a business reaches the beginning of its third year its chances of surviving drops dramatically. Only about 44% of businesses live to see their fourth year.

Without the passion you derive from living your dream you won’t have what it takes to survive year after year. This means that you should start your business from the ground up using your dream as a foundation.

Whatever your dream in life may be, you need to find a way to turn that dream into a business. If the foundation of your business is based on something that you are truly passionate about, then it will be much easier to grow that dream into a hugely successful business.

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