Need a Business Plan for Agriculture Business attached Relevant documents also attached for guidance in doing the Business Plan

Need a Business Plan for Agriculture Business attached Relevant documents also attached for guidance in doing the Business Plan
Agriculture Student’s Name University Course Professor Date Agriculture is one of the business ideas that will help the economy to grow in Jamaica. The significant problem that Jamaica has been going through as a country is the stock exchange. This will allow the nation to satisfy itself internally and export some of the excess food to other countries on the continent, making its economy expand quickly (Campbell, 2021). I want to start as an entrepreneur by farming coffee and tea and selling them across the country. Coffee and tea are something that is mainly imported in Jamaica. I can use this chance to capture a lot of customers countrywide and enlargen my supply. This type of business and entity would fall into the agriculture part. Agriculture is one of the significant sources of revenue for the country (Campbell, 2021). This is after tourism. Farming is not something that Jamaican citizens mainly practice. Identifying this gap and taking full advantage of this type of idea may expand the business and make it an international company. This business will satisfy such a need by making it possible for the residents to buy locally manufactured tea and coffee since research shows that most people living in Jamaica love drinking coffee. This company’s gains are that most people will promote the locally sold tea and coffee since I will be selling the at a much lower price than those imported from different places in the world (Campbell, 2021). The products will also be readily available, and the company will make sure that the product is always in good circulation and the supply chain will always be balanced. The products will never run out of supply, so that people will always count it as a reliable product. Reference. Campbell, D. (2021). Environmental change and the livelihood resilience of coffee farmers in Jamaica: A case study of the Cedar Valley farming region. Journal of Rural Studies, 81, 220-234.
Need a Business Plan for Agriculture Business attached Relevant documents also attached for guidance in doing the Business Plan
ASSIGNMENT #3 For this assignment, you will commence working on your Summary Business Plan. Please follow these instructions. I have attached to this assignment a document named “Business Plan Template” which consist of seven sections. For this assignment, you are required to complete sections two (2), three (3), and four (4). I have outlined the requirements for this. Here are some videos that you can use to aid you in completing the assignment. How to Write a Business Plan – Entrepreneurship 101 How to Write a Business Plan Step by Step in 2021 HOW TO WRITE A BUSINESS PLAN STEP BY STEP + TEMPLATE | 9 Key Elements
Need a Business Plan for Agriculture Business attached Relevant documents also attached for guidance in doing the Business Plan
Business Plan For Business Name [Insert your own Business picture] Slogan Address Prepared By Owner(s): [Name(s)] Month 2020 1 | P a g e VERY IMPORTANT NOTE T his document is only a guide to help you in drafting your own Business P lan. The format and components of your plan may have additional sections to it which is why you would need to be in constant communication with your Lecturer to ensure that you are adding sections relevant to your t ype of business. Confidentiality Notice The undersigned (‘Recipient ’), hereby agre es that all financial and other information (“Information ”) that is has and will receive concerning ‘Business Name ’ the company, is confidential and will not be disclosed to any other individual or entity without prior written consent. The Information s hall remain the property of Business Name and shall be returned to his company Business Name , promptly at its request together with all copies made thereof. Recipient acknowledges that violation of this Agreement result in Business Name seeking equitable relief in any court of competent jurisdiction. __________________________ Signature of recipient ______________________ Date received Table of Content Contents 1.0 Executive Summary ………………………….. ………………………….. ………………………….. ………………………….. 4 2.0 Company Description ………………………….. ………………………….. ………………………….. ……………………….. 5 2.1 Location and Facilities ………………………….. ………………………….. ………………………….. …………………… 5 3.0 Product/Service and De scription ………………………….. ………………………….. ………………………….. …………. 6 4.0 Internal External Analysis ………………………….. ………………………….. ………………………….. ………………….. 7 4.1 Industry /Market Analysis ………………………….. ………………………….. ………………………….. ………………. 7 4.2 PESTEL and Porters Five Force Model ………… ……… ……… …… ………… ……… ……… …… ………… ……… ……… …… ………… …7 4.3 SWOT Analysis ………………………….. ………………………….. ………………………….. ………………………….. .. 7 5.0 Sales and Marketing Plan ………………………….. ………………………….. ………………………….. …………………… 8 5.1 Sales ………………………….. ………………………….. ………………………….. ………………………….. ……………….. 8 5.2 Marketing Plan ………………………….. ………………………….. ………………………….. ………………………….. …. 8 Target Market ………………………….. ………………………….. ………………………….. ………………………….. …….. 8 Advertising and Sales Promotions ………………………….. ………………………….. ………………………….. …….. 8 6.0 Human Re source Plan ………………………….. ………………………….. ………………………….. ……………………….. 9 6.1 Organizational Chart ………………………….. ………………………….. ………………………….. ……………………… 9 7.0 Financial Plan ………………………….. ………………………….. ………………………….. ………………………….. ……. 10 7.1 Start -up Cost ………………………….. ………………………….. ………………………….. ………………………….. …. 10 7.2 Income and Expenditure Statement ………………………….. ………………………….. ………………………….. . 11 3 | P a g e 1.0 Executive Summary [Appears as the first section of the business plan but it is the last section of th e as it summarizes the following sections:] • Company Description o A two to three se ntence summary of describing the company inclusive of owner(s) • Product/service o A two to three sentence summary of your product/service • Sales & Marketing o A two to three s entence summary of your marketing plan • Production & Operation o A two to three sent ence summary of your operations plan • Finance o A two to three sentence summary of financial plan [highlights]. Include start -up cost, how will you come up with this money to start the business and what the end of year profit is expected to be Include b enefits to customers/investors 4 | P a g e 2.0 Company Description This is telling someone about your business in a nutshell (bot h areas must be written in a paragraph) • Mention if the company is new or existing • What type of company and the products/service offered • What legal form will the company take [e.g., sole trader, partnership, Limited Liability Company (LLC), etc.] • Who is the management team (owners/managers name) • Where will the company be based (locat ed), and • What date will it commence operations 2.1 Location and Facilities • Why did you choose this location? [justify location] • What are the equipment, furniture etc . presently at the location • If it is a new venture: State the one or two items you have to start business (as owners you may not have a lot of assets to start with eg. Do you have personal laptop, etc?) • State that all key furniture and equipment will be purchased before the start of the business 2.2 Business objectives Intro sentenc e List at least 5 things that the business wants to achieve in the short to medium term. Examples: 1. To make at least $200,000.00 Jamaican dollars from the sale monthly 2. To formalize this business by January 2021 3. To increase customer base to 200 customer s by the end of the quarter of start date Must be: S – Specific: one thing only M – measurable A – attainable R – realistic T – time -bound 5 | P a g e 3.0 Pro duct/Service and Description Intro sentence List and describe the products/servic e of the business (bulletin format) These are the categories of your product eg. Do not list patties, buns, cake etc. categorize them as pastry. Do not state coffee, juices , drinks – categorize all as beverage. (State what is your first, second or third product/service and describe each to include pictures if available ) Product 1 : describe Product 2 : describe Product 3 : describe 6 | P a g e 4.0 Internal External Analysis 4.1 Industry /Market Analysis Based on the nature of your busi ness it falls within a particular industry. Conduct research to better understand this industry Conduct market research to understand: • Wh at your clients need • The market potential for your products/service • Market trends • Market share etc 4.2 PESTEL an d Porter ’s Five Force Model Intro sentence In this section, you will cond uct and in -depth analysis of the current market to determine where you stand in comparison to your competitors 4.3 SWOT Analysis Intro sentence Carry out an analysis of: Strength and Weakness (SW) – Internal – if Ps are positive, they are strengths, If they are negative they are weakness. Other areas technology, financ e, equipment etc Opportunity and Threat (OT) – Exter nal •Committed Business •Lack of finance Partners Strengths Weaknesses •Increase demand for •Entrance of major our product Opportunities Threats multiple competitors 7 | P a g e 5.0 Sales and Marketing Plan Intro s entence Talk a little about the components to include in this section. 5.1 Sales What is your strategy for selling your goods? How will your customers get the goods you are selling? 5.2 Marketing Plan Target Market Intro sentence State what category of people you are targeting to be your major customers . Who is it that your products/service is geared towards? Describe the persons/groups/organizations eg, teachers, commercial entities, students, construction workers transport operators. (State what is yo ur first, second or third target group and describe each) Target group 1: describe Target group 2: describe Target group 3: describe Advertising and Sales Promotions Intro sentence Describe the different media the company will use to let the p ublic be aware of their product or service Medium 1: describe Medium 2 : describe Medium 3: describe 8 | P a g e 6.0 Human Resource Plan Intro sentence 6.1 Organizational Chart Create a simple chart to show the management structure of the or ganization (A member can serve in dual positions eg . Operation manager/driver) C.E.O. Marketing Accounting XY Z Manager Manager 9 | P a g e 7.0 Financial Plan Intro sentence [To be done in Microsof t Excel then copy and paste into Word document] 7.1 Start -up Cost Show how much money the business needs to start. List all the items you will need to start the business and find the real cost of each item Start -up Cost Start -up Activities Quantity Unit Cost Total Cost Office space (Rent) 3 $45,00 0.00 $135,000.00 Table 3 $6,000.00 $18,000.00 Chair 3 $20,000.00 $20,000.00 Printer 3 $8,000.00 $24,000.00 Stove 1 $50,000.00 $50,000.00 Computer 2 $243,400.00 $486,800.00 Retrofit space 1 $41 ,300.00 $41,300.00 Infrastructure Miscellaneo us Registration Cash on Hand/Bank (6mths) Total $408,700.00 $770,100.00 10 | P a g e 7.2 Income and Expenditure Statement Estimate the income a nd expenditure for the first 12 months of the busine ss. Financial Plan -One Year Income Statement Mth 1 Mth 2 Mth 3 Mth4 Mth 5 Mth6 Mth7 Mth8 Mth9 Mth10 Mth11 Mth12 $ $ $ $ $ $ $ $ $ $ $ $ INCOME Sales 84,000.00 96,600.00 130,4 10.00 163,012.50 244,518.75 281,196.56 210,900.23 231,990.26 266,788.80 272,124.57 312,943.26 375,531.91 less cost of sale 20,000.00 23,000.00 31,050.00 38,812.50 58,218.75 66,951.56 30,128.20 33,141.02 38,112.18 38,874.42 44,705.58 53,646.70 Gross Profi t 64,000.00 73,600.00 99,360.00 124,200.00 186,300.0 0 214,245.00 180,772.03 198,849.23 228,676.62 233,250.15 268,237.67 321,885.21 EXPENDITURES Utilities 14,000.00 16,100.00 21,735.00 27,168.75 40,753.13 46,866.09 35,150.04 38,6 65.04 44,464.80 45,354.10 52,157.21 62,588.65 Salar y 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 24,000.00 Motor vehicle expense 75,000.00 Transportation 85,000.00 Miscellaneous 73,500.00 mar keting 25,000.00 Etc. 5,000.00 Etc. 10,000.00 11,500.00 15,525.00 19,406.25 29,109.38 33,475.78 25,107.17 27,617.89 31,760.57 32,395.78 37,255.15 44,706.18 Total 311,500.00 51,600 .00 61,260.00 70,575.00 93,862.50 104,341.88 84,257. 21 90,282.93 100,225.37 101,749.88 113,412.36 131,294.83 Profit/Loss (247,500.00) 22,000.00 38,100.00 53,625.00 92,437.50 109,903.13 96,514.82 108,566.30 128,451.25 131,500.27 154,825.31 190,590.38 Accumulated Profit/Loss (247, 500.00) (225,500.00) 60,100.00 91,725.00 146,062.50 202,340.63 206,417.95 205,081.12 237,017.55 259,951.52 286,325.59 345,415.69 11 | P a g e References This section will have all the websites, articles , books that were used wh en conducting any form of research to gather market data. It is imp ortant that though we are doing a personal plan, this information is referenced. 12 | P a g e
Need a Business Plan for Agriculture Business attached Relevant documents also attached for guidance in doing the Business Plan
BUSINESS FEASIBILITY WORKSHEETS ‘Jamaica in a cup’ STEP 1: INDUSTRY CONSIDERATIONS Describe product/service: Description of product/service (what it is, where it will be sold) Jamaica in a cup will be producing authentic and natural herbs and coffee into speciality blends in eco-friendly sachet packaging. These local products will be sold to various supermarkets across the country, airports and overseas speciality shops. Description of how product/service will be produced The selected herbs will be cultivated in the heights of Spring Hill, Port Antonio, Portland, Jamaica, where natural irrigation is available and can be adapted in case there is insufficient rain for growing crops. When optimal harvesting time arrives for the herbs, it will be harvested and subjected to the sun-drying process to lock in the flavor and natural preservation properties. Once this is done, it will be inspected for quality control, then mildly crushed and packaged in sachet cloth/ paper bags of varying sizes ranging starting from 2.5 oz. The coffee will undergo a similar production as the herbs in regards to location and harvesting. However, since coffee takes up to four years to bear, coffee cherries will be purchased from suppliers, dried, roasted, and packaged for sale. These two items are two of the main crops imported into Jamaica. However its the hope of the owners to source produce, the processing and package locally. Packaging will be made in Jamaica by Jamaica Packaging Industries. c. Identify licenses, permits, certifications, bonding, or other requirements to operate. These will include: Register with the Inland Revenue Department to obtain permission to take various legal tax deductions Farm Registration with Rural Agricultural Development Authority (RADA) Business name Registration Certificate of Incorporation Business Registration at Companies of Jamaica Food Handlers Permit with Bureau of Standards Tax Compliance Certificate (TCC) from Tax Compliance Certificate Unit Farmers permit from the Jamaica Agricultural Commodities Regulatory Authority. Description of suppliers. The suppliers include: Cooperatives and farmers: purchasing of the High Mountain cherries will be done primarily through various cooperatives and from individual farmers until the business owned coffee plants reach bearing stage. They will also supply the coffee seedlings. Herb Farmers: Initial supply of herb cutting Agriculture stores: Initial supply of premium seeds and herb plants Jamaica Packaging Industries: Packaging- Sachet cloth bags Printery- printing of labels After one year, the business aims to propagate its own seeds and cuttings for cultivating the herbs and, in five years, grow its own coffee seedlings. Cost to produce product/service. (Labour & Material- packaging) Partners will put in their capital of $5,000,000 each as well as a loan of $5,000,000 will be taken from the Development Bank of Jamaica to purchase 10 acres of land in Portland, buy tools, machines. equipment and build our very own coffee factory on land. Five(5) acres of land will be distributed for coffee and the other will be for herbs such as moringa, fever grass, and turmeric. Coffee pickers and herb pickers will be paid $45,000 per fortnight. Factory operators will be paid $50,000 per fortnight. Administrative staff will receive a salary of $160,000 per month. Cost per lb of coffee will be $5000JMD inclusive of packaging costing at $145JM for each cost package. Pricing per oz of dried tea herbs is $20.62 JMD. Price of product/service- The processed coffee will be priced at $8500JM per pound, and tea (2.5 oz sachet packet-20 servings) $400JM. Industry standards for COGS, fixed expenses, break-even point, and net profit. Fixed Expenses for both tea and coffee products: loan repayment, rent , fixed salaried staff, insurance of plant and machinery Cost Of Goods Sold Per pound of roasted package coffee: $1296.53 JM Per unit (2.5 oz-20 servings) for tea herb: $100JM Break Even point Per lb coffee: $1596.53 JM Per unit (2.5 oz-20 servings) for tea herb: $ 185JM Net profit Per pound of roasted package coffee: $946.85 JM Per unit (2.5 oz-20 servings) for tea herb: $115 JM PBO’s projected COGS, fixed expenses, break-even point, and net profit. Fixed Expenses for both tea and coffee products: loan repayment, rent , fixed salaried staff, insurance of plant and machinery Cost Of Goods Sold Per pound of roasted package coffee: $1396.53 JM Per unit (2.5 oz-20 servings) for tea herb: $110JM Break Even point Per lb coffee: $1650.50 JM Per unit (2.5 oz-20 servings) for tea herb: $ 195JM Net profit Per pound of roasted package coffee: $746.85 JM Per unit (2.5 oz-20 servings) for tea herb: $105 JM Describe customer: What customers need is a product/service meeting Our product will satisfy the needs of persons who prefer a larger supply of herbs and freedom to increase the strength of their flavour than what is typically afforded by the tea bags. Also the needs of those from diaspora who are always requesting herbs to return with during their visit to Jamaica.They will get the satisfaction of tasting 100 percent authentic Jamaican coffee and naturally grown herbs, herbs that are safe for their children who may have a cough, cold or even a fever. How many potential customers are in the service area? The owners of the business estimate that the number of potential customers in each parish in Jamaica would be about 4500 and 100000 in the overseas market as many foreigners are drawn to authentic Jamaican coffee and herbs. Same or different people than those going to a competitor. The customers of the competitors and Jamaica in a cup will cross over. It is predicted to gain approximately 35% of the competitors’ customers. However, due to the packaging and marketing plan, this business will have customers who are different from the competitors since certain needs were not being met of the existing customers, such as coffee tea bags, larger supply of herbs and marketing it to persons who desire the drinking herbs they grew up with while they no longer reside in Jamaica. Who are they (describe on next page) Market Positioning Worksheet – Customer demographics or identifiers Primary customer Secondary customer(s) Location of the customers (e.g., city, county, particular part of town, cyberspace) Found in the city and rural areas in the country and those from the diaspora. n/a Age range 5-80 years N/A Male or female? Both N/A Income level (e.g., low, middle, high) Low, middle, and high income N/A Educational level Primary, high school, and college N/A Career type (“white-collar,” “blue-collar” Blue and white-collar, N/A Marital status Single, married and divorced N/A Has children? Yes & NO N/A Pet owner? Yes & NO N/A Hobbies/interests Taking tea and coffee, playing, reading, and listening to music Taking tea and coffee, playing, reading, and listening to music Religious/political traits Christian, Muslim, and pagans Christian, Muslim, and pagans Market Positioning Worksheet- Customer demographics or identifiers Primary customer Secondary customer(s) Do potential customers know that they need this product/service yes yes Do potential customers need your product/service but do not know it? Some hence advertising has to be done Hence promotion should be carried out. Marketing for Business to Business (B2B) Companies Type of business to supply wholesalers and retailers Coffee and tea shops Specific businesses to supply Brooklyn Supermarket, Family Pride Supermarket, Shoppers Fair Supermarket Hi-Lo Supermarket Maxim wholesale Cafe blue Deaf Can Coffee Starbucks Size of business revenue Average $1500000 $ Average 500000 Number of employees Average 10 and more Average 5 and more Location(s) Half way tree, Spanish Town, Portmore, In various towns Other descriptors N/A N/A 3. Describe competition: a. How many competitors are there? There are several competitors on the market for herbal teas and coffee, the main competitors include : Jamaica Teas, Kendel, Perishables Jamaica Ltd(Tops), Blue Mountain, Nescafe, Salada and Mountain Bliss. These competitors produce similar coffee and herbal teas. What are their strengths? Customer loyalty Established brands Large facility and machinery that allows for readily delivery of products Committed employees, with strong knowledge base of coffee processing and roasting Established loyal farmer base in various coffee and tea herbs growing areas Established relationship with retailers and wholesalers What are their weaknesses? Productivity is inconsistent High costs of production Insufficient marketing Limited coordination among the stakeholders. Poor infrastructure and employees loyalty Flavours lack potency High debt ratio Packaging isn’t eco friendly Poor use of networking skills in the agribusiness world. How is PBO’s product/service different from the competition? The main difference between PBO and the other competitors is the quality. The PBO will differentiate the products based on the open need of persons who prefer a larger supply of quality herbal teals and freedom to increase the strength of their flavour than what is typically afforded by the tea bags. Also the business will position itself differently than its competitors by packaging the herbs and coffee in sachet packets that are eco friendly and biodegradable. This social conscience move of the PBO and clear display of its social responsibility to the communities its products will be sold will attract those who are not only looking to purchase premium herbal teas and coffee but would like to do so while preserving global energy. How much of the target market is served by a competitor? 65% of the target market is being served by the competitors. What portion of the market remains open? 35% of the market remains open. Describe financial considerations: a. Sales projections Unit sales and revenue January February March Quarter 1 total Coffee-Roasted lb- Quantity 175 350 450 975 unit price 8500 8500 8500 8500 Sales Revenue $1,487,500.00 $2,975,000.00 $3,825,000.00 $8,287,500.00 Unit sales and revenue Herbal Teas-2.5 oz- Quantity 150 200 250 600 unit price 400 400 400 400 Sales Revenue $60,000.00 $80,000.00 $100,000.00 $240,000.00 Unit sales and revenue April May June Quarter 2 total July August Coffee-Roasted lb- Quantity 650 750 800 2200 900 1000 unit price 8500 8500 8500 8500 8500 8500 Sales Revenue $5,525,000.00 $6,375,000.00 $6,800,000.00 $18,700,000.00 $7,650,000.00 $8,500,000.00 Unit sales and revenue Herbal Teas-2.5 oz- Quantity 400 450 650 1500 675 750 unit price 400 400 400 400 400 400 Sales Revenue $160,000.00 $180,000.00 $260,000.00 $600,000.00 $270,000.00 $300,000.00 Unit sales and revenue September Quarter 3 total October November December Quarter 4 total Total sale for the year Coffee-Roasted lb- Quantity 1000 2900 1200 1550 1650 4400 10475 unit price 8500 8500 8500 8500 8500 8500 8500 Sales Revenue $8,500,000.00 $24,650,000.00 $10,200,000.00 $13,175,000.00 $14,025,000.00 $37,400,000.00 $89,037,500.00 Unit sales and revenue Herbal Teas-2.5 oz- Quantity 750 2175 800 900 1000 2700 6975 unit price 400 400 400 400 400 400 400 Sales Revenue $300,000.00 $870,000.00 $320,000.00 $360,000.00 $400,000.00 $1,080,000.00 $2,790,000.00 b. Critical factors to reach sale projections Internal policies and environment – Internal policies such as access to line of credit and process of hiring new employees can affect the quantity of products that the team will be able produce to meet the sales projection. Also if staff is not properly trained, this can affect the quality of the product and how the market accepts it and become returning customers. Foreign trade conditions – This can impact the business based on import and export conditions, language diversity and risk and uncertainty of how a country might welcome the products. Foreign trade conditions such as taxes added to non local products can increase the price of the products to a point that it actually deters potential customers away from the product. Trade restrictions in target countries will affect the sales forecast since it was done with the target country in mind. Changing conditions of the market- The changing economic conditions of clients, a growing or decrease in need for the company’s product or service, introduction of new competitors to the marketplace can render sales projection ineffective if these changes are not noticed and mitigated. Farming and weather conditions – This can affect imports of materials needed for packaging and labeling into the country if weather conditions such as snowstorm, hurricane and high tides inhibits shipment from arriving on island. Without packaging material, products can’t be sold. Furthermore, the company is in the agriculture sector, the weather and farming conditions play an important role in production such as farming and the sun drying processes. Conditions such as drought, flood , pest and fungus can wipe out an entire farm production. Without the raw materials from the business farm and farmers who are suppliers, the business won’t be able to get the products on the market to meet its sales goals. Pandemic: The sales is heavily dependent on persons actively going to point of sales locations to purchase the product. With restrictions on movement that typically comes with a pandemic , this will prevent customers from buying the product. Also due to large layoff many persons have limited buying power. Another way the pandemic can affect sales projection is if employees get covid and are no longer able to perform key functions that are needed in the process of making the product shelf ready. Potential financial resources for supporting business start-up. Potential financial resources for supporting business start-up would include personal savings and loans from family members or friends; that way the business would only pay back what was borrowed only and no interest. Also the business will be applying to funding agencies for grants, inputs and technical assistance for small business owners and agribusinesses. Such agencies include Food and Agriculture organisation (FAO), Inter-American Institute for Corporation in Agriculture (IICA) and Caribbean Agricultural Research and Development Institute (CARDI). The inputs such organisations bring to a business will save this company funds and catapult its growth. If these avenues fail to bring adequate financial resources, the partners are open to inviting investors into the business to raise the necessary capital. This will be the last resort for now. What tasks are necessary to produce a product/service? Roasted Coffee: Purchasing of quality coffee cherries Removal of coffee beans from the fruit Sun dry the beans to 11% of its original moisture – The fruit must be constantly turned to avoid spoiling or uneven drying. Roasting of beans in a roasting machine at 550 degrees Fahrenheit until the beans reach an internal temperature of about 400 degrees Fahrenheit. The fruit must be constantly turned to avoid burning or uneven roasting. Grinding of roasted coffee beans to a fine texture Quality check is done throughout all the stages of creating the product especially during the drying and roasting process. The ground coffee is weighed and then packaged in a tightly sealed container. Place appropriate label on the package Storage of product until it’s ready to be transported to clients. Packaged dried tea herbs: Land preparation and planting of herbs Periodic farmland maintenance of weed, pest and fungus Harvesting of herbs when it reaches maturity. Sorting and deleafing of herbs from stem Herbs are delicate and need a gentle heat, the sun drying process will be utilise to reduce leaves to ⅕ th of its weight; the leaves must be constantly turned to avoid spoiling or uneven drying. Quality control check is done throughout all the stages of creating the product especially during the sorting and drying process. The dried leaves that pass the quality control test will now be crushed in a commercial grinder The crushed leaves are weighed and then packaged in a tightly sealed container to preserve the flavour and prevent spoiling. Place appropriate label on the package Storage of product until it’s ready to be transported to clients. Does PBO have, or can they acquire, skills to perform the production and management parts of the business they wish to perform? It is the goal of the owners of the business to become versed in all aspects of the business, currently one of the owners works in the agriculture industry and has sufficient knowledge of plant propagation, pest control, and proper harvesting standards. She is also a third student in accounts and financial management program, she will be responsible for handling the accounts of the business and the overall management. Also, one of the owners is currently pursuing a degree in hospitality and tourism; this will allow her to be the face of the business and attract potential business due to the skills she is currently learning. Furthermore, one of the partners is undergoing training in the administrative part of the business. She will be the focal person on ensuring the daily business operations and objectives are met. A qualified personnel in-charge of quality control of products will be hired. An Agribusiness specialist will be enlisted to provide consultancy support to the business and technical support of local and regional agriculture institutions will be requested. An agreement will be drawn up outlining tasks and responsibilities and expectations of the partners to avoid conflicting roles. All other tasks such as land preparation, planting, maintenance, and the process of getting the herbs and coffee processed and packaged will be done by hired workers. All partners and appropriate workers will, however, undergo training and certification on proper food handling practices, processing of coffee and tea herbs from the Ministry of agriculture and fisheries. Do PBO have, or can they afford, the necessary business and personal support? Yes, after much deliberations, financial planning and budgeting, consulting with family members the PBO has established that they can afford the required support needed to make the business successful. 7. How much money can PBO access/invest? For this business, the PBO can invest up to $ 25,000,000 which will assist the start-up and running of the business. $20,000,000 of this will be raised by the four owners and 5 000 000 will be loaned from the bank on a need basis. 8. How will this business affect the PBO’s family? For the business, once it grows, it will be able to improve the family’s livelihoods since there will be revenues coming from the project and the improvement of infrastructure. However, new businesses tend to be time-consuming and even financially consuming; as a result, the family members will be seeing less of the owners and the usual support they give to the family. The family may need to provide emotional and practical support to the owners when the need arises. Initially there will be teething issues between a proper work balance and family lives, however, with supportive and understating family members, these teething issues can be dealt with amicably.