Nigerian-made toothpicks are manufactured from bamboo wood but in countries like America, birch wood stands as an alternative raw material. Try to approach associations and cooperatives that offer loans to members. I come from a very close family. Even if the structure of the business and the market seem very simple, you cannot rule out the importance of a business plan.
Since there is a huge market for toothpicks, starting a toothpick production company is no doubt a decision that you should consider if you are looking for a business that requires little startup capital and has quick profit turnover. It removes leftover food particles from the teeth after meals.
The importance of good quality products, attractive packaging; proper management structure and of keeping proper and timely records of the projects operations cannot be over emphasized. You can ask your friends and family for soft loans.
In Nigeria we have all the basic raw materials and technology to produce and package quality toothpicks which investors are yet to harness.
The major business opportunities of toothpick production in Nigeria include: Write a Good Business Plan for Toothpick Production Before starting your enterprise you need to write a good business plan.
Start-Up Expenditure Budget When starting any business especially a manufacturing business, enough feasibility study has to be done so that one could know or certain how much will be needed to start the business and make it a success.
While certain machineries and equipment come with a standard price, the difference might be in the cost of transporting these machineries to the place where production is meant to take place, thereby increasing running costs for one producer against the other and also reflecting on the final cost for the toothpicks to the end user.
Completed Leasing of a facility and renovating the facility as well: The various platforms that we intend to use in promoting and advertising Nna-men Toothpick Manufacturing Ltd are; Participate in and sponsor certain programs such as football, pageants and educational competitions in order to increase awareness for our brand.
Get the necessary equipment and hire staff A toothpick production business requires equipment such as splitting, polishing, and sharpening machines. Find out what is obtainable in your country.
High tariffs and the CBN-imposed ban on foreign exchange for toothpicks have fostered the growth of this industry.
These days social media presence has become a necessary ingredient for business success. Toothpicks can be made from bamboos, birch wood or plastic granules.
The plan should focus on lease agreement, staff, machinery and management structure. The toothpick production business involves the manufacturing of different kinds of toothpicks for commercial and personal purposes.
We are also confident after studying our revenue generating model that we will make our profit in the first year of business, which would mean that we are able to achieve a milestone. A business plan not only helps you plan well for the business, but it also helps you stay focused after starting the business so that you can achieve your goals within the shortest time possible.
Facts And Benefits Of Toothpick Production Business In Nigeria Toothpick production in Nigeria is a viable business opportunity due to widely available raw materials like bamboo in the country.
Your staff strength depends on the scale of your production. You can import the machines from other countries also. Market survey has shown that toothpick has very high demand and always record very high consumption rate and of course high turnover.Toothpick Making and Packing.
View Machine Video. Toothpick making 1 Business plan, easy finance info for loans, terms, free worldwide grants. Toothpick, Dowl, Skewer & Chopstick Making and Packing Machines for SALE. Our machines can accommodate wood, bamboo or.
Steps to Start a Toothpick Manufacturing Business Write a Business Plan. A business plan helps you in planning and forecasting your business during the ups and downs. So write a descriptive business plan including all the details about the business, market size, marketing, finance and labor requirements etc.
Home Business Profitable Investment in Toothpicks Production. Market survey has shown that toothpick has very high demand and always record very high consumption rate and of course high.
Toothpick manufacturing business has experienced a rapid growth because of its low-cost and profitable nature. Read to learn various aspects of this business.
Get a professional toothpick production business plan in Nigeria and Africa. The toothpick production business involves the manufacturing of different kinds of toothpicks for commercial and personal purposes.
Toothpicks are commodities with no particular target consumers as. Do you want to start a toothpick production company from scratch? Or you need a sample toothpick production business plan template?
If YES, then i advice you read on.Download