Rice has been the staple food of Filipinos' diet since ancient times. The milling business in the Philippines may be a wise move. Do you want to know the setup steps Starting a rice milling business in the Philippines? Like any other type of grain processing business, There are two ways to achieve this goal. Either start a rice milling shop to processing paddy for the farmer or open a rice milling shop to process rice Farmers may build a rice mill to sell their own brand of white rice.
Disadvantages, so you should carefully weigh your options before engaging in this type of business.
1. Learn more about rice milling business
Before getting into the rice milling business, it’s important to find any rice milling machine around you; look at the environment, understand rice milling and meet with the owner or manager. Let them know that you also plan to start a business and need some guidance. You should also find out the cost of starting your business, business operating costs after startup. Find equipment and manpower required. Understand the pitfalls and challenges that new entrants will most easily encounter Possible face. And figure out how to avoid pitfalls and overcome challenges.
2. Make a business plan
It is very important to develop a business plan for your rice milling business because it will guide you through the process of successfully starting a business and then running it effectively. When you contact investors or lenders to fund your business plan, your business plan will also come in handy business. Your business plan will detail your business goals and the required start-up time and operating costs, estimated revenue in previous years, required personnel, your target market and conduct a thorough analysis of the market, competition, your marketing strategy and uniqueness selling points and exit strategies. This is an important step in establishing a rice milling business in Philippines.
3. Obtain the necessary licenses and permits
In fact, all over the world, obtaining licenses and operating permits are start any business. However, the required permits and permits vary from state to state. country / region. Therefore, it’s best to visit the appropriate agent in your state or country to inquire about Before starting the rice milling business, you need to obtain a permit and a permit. Better yet, please visit the agency's website or contact an experienced lawyer to find out.
4.Find a good location
A good location is germane to the success of any business. The ideal location for your rice milling business is one that is easily assemble to trucks and other vehicles, since these will be used to transport rice to and from your mill.In addition, when choosing a location for your rice milling business, you must factor in the availability of electricity and other utilities you will need for the day-to-day running of your business.
5.Buy equipment
The major equipment in rice milling business is rice milling plant. This machine neatly de-husks raw rice to produce rice in its edible form.The rice milling plant you can import from countries like China, where the machines are usually manufactured and sold at relatively reduced prices.
6.Hire employees and start operations
You will need to hire other people to work with you. For example, you will need laborers who will offload raw rice and rice milling plant operators, depending on the capacity of machines in your rice milling plant.
