Tapioca Production Business Plan in Nigeria
This sample Tapioca Production Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Tapioca Production Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Tapioca Production Business Plan in Nigeria
Business: TAPIOCA PRODUCTION
Patilad Tapioca Production is a new firm that processes raw cassava to become tapioca which is used for various reasons. Tapioca can be used as tapioca pudding, bubble or boba tea, and other candies and desserts. With the industrialized food revolution, tapioca is often added to soups, sauces, and gravies to create body and thickness because it has more thickening power and is less expensive than flour and other thickeners. Tapioca can also be added to ground meat products, like burger patties or chicken nuggets, as a binder and ingredient stabilizer.
Tapioca is the starch extracted from the cassava root. Tapioca is one of the purest forms of starch food and it has a neutral flavor and strong gelling power, making it highly useable as a thickening agent in both sweet and savory foods. Because tapioca is the extracted starch from the cassava root, it is nearly 100 percent carbohydrates and it is considered fat, gluten, and protein-free.
Tapioca is also often added to doughs, especially gluten-free products, to improve the texture and moisture content.
Cassava is one of the most important root crops in Nigeria. Apart from being a staple crop in many households, cassava is a major source of income for cassava farmers and processors in rural areas.
Cassava alone contributes about 45% of the agricultural GDP in Nigeria for food or domestic purposes but its industrial processing and utilization have been very limited.
Patilad Tapioca is dedicated to satisfying customers by providing a broad selection of high-quality and competitively priced products with top-notch customer service. Our business is structured for relevance in both the local and domestic markets with the main objective of promoting the nutritious value of raw food.
Our target market includes both the Nigerian and international markets, this are; individuals, supermarkets, retailers, households, restaurants, hotels, and bachelors. We ensure that our customers get the best of our product and service by ensuring that our products are affordable and easy to access.
The benefits of our products and services are;
- Availability of quality and healthy Tapioca
- Exceptional customer service
- Affordable Prices
- Ease of access to our product (can be found in supermarkets, open market, and the international market)
Our Products and Services
Our products are not only locally based but national and international. We ensure that all necessary procedures are met to enable that we reach our clients and also to act in accordance with the federation rules and regulations that regulate the industry.
Below are our products;
- Processed Cassava (Tapioca)
- Consultancy services
Keys to Success for Patilad Tapioca Production
The keys to success for Patilad Tapioca Production business include:
- Access to Raw Materials
- Efficient Equipment and machineries
- Well-ventilated and conducive working environment
- Low operating cost
- Exceptional Customer service
- Efficient distribution network
- Online Presence
Business Objectives for Patilad Tapioca Production
- To make available healthy tapioca at fair and best prices
- To offer unique customer service
- To increase our customer base by at least 30% each year
- To develop a sustainable start-up business, contributing to increased employment of community residents.
Business Goal for Patilad Tapioca Production
Our goal is to be the best choice of Tapioca in our specific locations and in Nigeria as a whole, providing unique product and services.
Vision for Patilad Tapioca Production
To be a world-class Tapioca producer globally producing healthy products.
Mission for Patilad Tapioca Production
- To offer consistently quality Tapioca to be accessible in both the local and international markets.
- Maintaining a long-term relationship with our customers
- To make our price rate accessible and affordable.
Management Team of the Tapioca Production Business Plan in Nigeria
Faith Giwa: She is a graduate of Ekiti State University, with first-class honors in Agriculture. She has over four years of experience in the agricultural industry, having worked for some leading brands in Nigeria. She is the General Manager of Patilad Tapioca Production.
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of business, and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Academic skill and practical experience in the Tapioca production business.
- Capacity to consistently provide high-quality products all year round.
- Good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Read also: SOY-OGI PRODUCTION BUSINESS PLAN IN NIGERIA
Management experience gained for the Tapioca Production Business Plan in Nigeria
With over ten years of experience in the Agricultural Industry and numerous exposures to both the scientific and practical aspects of owning a Tapioca production factory, I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills, among other things necessary to give the industry good commendation from our customers.
My managerial skill has also helped put together a workforce for over 5 years, which will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Competitor Analysis for Tapioca Production Business Plan in Nigeria
People buy from us because of the following reasons:
- Availability of healthy Tapioca production
- Clean and hygienic production area
- Excellent customer care services.
- Efficient and strong distribution network
- Experienced and qualified staff
Swot Analysis for Tapioca Business in Nigeria
- Competent and skilled staff
- Strong distribution network
- Nearness to market
- The impeccable customer feedback model
- Lack of sufficient fund
- Not yet a reputable brand as compared to the already existing firms in the industry
- Large market to serve locally and internationally
- Growing industry
- The need for healthy tapioca in the society cannot be underestimated
- Unfavorable government policy and regulation
- Economic meltdown can reduce the purchasing power of our customers
- Establishment of similar firm in our regions
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