The business plan for rice mill is a document not unlike any other plan for a food manufacturing facility—it needs to define the output, give an estimate of daily quantity, identify any impediments to production, and offer a pro forma model that uses historical commodity prices to estimate the company's profitability within 3-5 years. For an existing mill, you should give context in the business plan, including a company summary section that tells what your background has been so far and a past performance snapshot that indicates how your financial returns have looked. For the business plan itself, you will need to answer several questions:
• Who are you competing against?
• What companies are the buyers for your products?
• Do you offer different types of rice?
• How many employees does the mill need?
• What are the capital requirements you've laid out?
In addition to the capital request you should show a break-down of funding with your category-by-category allocation clearly delineated. What marketing will you need to do during this phase? What channels make the most sense for your mill? The plan should also give a synopsis of your management team and identify the timeline for bringing on new employees (with positions and salaries listed). The forward-looking forecast should show 5 years in the following tables: revenue, break-even, profit and loss, cash flow, balance sheet, and sensitivity analysis. If you need help populating the model correctly, lack good software/research sources, or just want to entrust a professional, call MasterPlans now at 877-453-2011.
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