ProfitableVenture.com

Helping You Start a Business With Less Risk!

A Sample Olive Tree Farming Business Plan Template

Are you about starting an olive tree farm? If YES, here is a complete sample olive tree farming business plan template & feasibility report you can use for FREE.

Okay, so we have considered all the requirements for starting an olive tree farm. We also took it further by analyzing and drafting a sample olive tree farm produce marketing plan template backed up by actionable guerrilla marketing ideas for olive tree farms. So let’s proceed to the business planning section.

Why Start an Olive Tree Farming Business?

There are some unique crops that have pretty high economic value that an aspiring entrepreneur who is interested in the commercial farming industry can start and make huge returns on his or her investment, and one of such crops is olives. It is no news that olives and olive trees are used for the production of edible oil, cosmetics, medicine and strong and reliable wooden furniture.

Olive tree farming is known to be a profitable business and over the years, it has evolved from small scale into a global industry in most countries where it is carried out. If you are considering starting a commercial olive tree farming business, the good news is that you can’t get it wrong. This is because olives and olive trees are used all over the globe for different purposes.

If you have decided to go into the olive tree farming business, then you should carry out thorough feasibility studies and market survey. This will enable you properly locate the business in a good location; a location that will support the growth of olive trees and then hit the ground running. Business plan is yet another very important business document that you should not take for granted while setting up your own olive tree farming business.

Below is a sample olive tree farming business plan template that can help you to successfully write your own with little or no difficulty.

A Sample Olive Tree Farming Business Plan Template

  • Industry Overview

Farmers in the olive tree farming industry primarily grow olives for industries that make use of olives for the production of cooking oil and cosmetic oil, the leaves for medicines, and the wood for strong and reliable wooden furniture.

The Olive Tree Farming industry displays a low level of concentration. The industry is highly fragmented; no single olive tree farmer/farm holds a lion share of the available market share in the industry. Olive trees farmers are typically niche farmers operating on a small farm land with no more than a few hundred trees. A number of small olive tree farmers usually supply low quantities of harvested olives to wholesalers that sell the collective quantity of olives to manufacturing plants that are into olive oil processing.

The Olive Tree Farming Industry is indeed a very large industry and pretty much thriving in all parts of the world especially in countries such as Spain, Italy, Turkey, Greece, Syria, Morocco, Tunisia and the United States of America.

Statistics has it that the United States of America is the 15th largest olive producer in the world, and there are several licensed and registered oilve tree farms responsible for employing several people and the industry rakes in several million dollars annually.

Going forward, the Olive Tree Farming industry is projected to show stronger signs of growth, especially as larger industry players continue to acquire smaller olive tree farms while boosting their overall scale of production. As a matter of fact, with the recent advancement in technology, farmers can now comfortably grow crops such as olive trees in a country where such crops can hardly survive.

One thing is certain when it comes to commercial olive tree farming, if you are able to conduct your market research and feasibility studies before choosing a location to cultivate your olive trees, you are more likely not going to struggle to grow the olive tree farming business and also to sell your olives and the tree because there are always food processing companies, cosmetics production companies and furniture markers/lumberjack markets out there who are ready to buy from you.

Lastly, with the commercial olive tree farming business, it will pay you not to only cultivate olives and sell them to production companies who need olives as raw materials and also furniture makers. You can as well start a complimentary business like olive oil processing plant to produce and package olive oil.

Olive Tree Farming Business Plan – Executive Summary

Thomas Carnegie® Olive Tree Farms, Inc. is a registered commercial farm that will be based in the outskirts of Des Moines, Iowa – United States. We have done our detailed market research and feasibility studies and we were able to secure a suitable farm land to start our commercial olive tree farming. Our commercial olive tree farm is going to be a standard commercial farm hence we will be involved in commercial olive tree cultivation, olive oil processing and packaging.

We have put plans in place to help us launch a standard olive oil processing plant within the first three years of officially running Thomas Carnegie® Olive Tree Farms, Inc. We will process and package olive oil so that they will flood the market both in the United States and in other countries of the world.

This is why aside from the fact that we have secured the required farming land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to fit into the ideal picture of the 21st century commercial olive oil farm and olive oil production plant workforce that we want to build.

We are in the olive tree farming business because we want to leverage on the vast opportunities available in the commercial farming industry to contribute our quota in growing the U.S. economy, in national food production, raw materials production for industries, to export agriculture produce from the United States to other countries and over and above to make profit.

Thomas Carnegie® Olive Tree Farms, Inc. is well positioned to become one of the leading olive farms in the United States of America, which is why we have been able to source for the best hands and farm machinery to run the farm with. We have put strategies in place that will help us employ best practices when it comes to olive tree farming as required by the regulating bodies in the United States of America.

Thomas Carnegie® Olive Tree Farms, Inc. is a family business that is owned by Mr. Thomas Carnegie and his immediate family members. The farm cum business will be fully and single handedly financed by Thomas Carnegie and his immediate family members.

Before starting Thomas Carnegie® Olive Tree Farms, Inc., Thomas Carnegie has worked with some of the leading commercial farms and olive oil processing plants in the United States of America; he has a degree (B.Sc.) in Agriculture Science from the University of Iowa.

  • Our Services

Thomas Carnegie® Olive Tree Farms, Inc. is a world class commercial farm that is committed to cultivating olive trees for both the United States’ market and the global market. We are in business to produce both food and raw materials for people and industries in commercial quantities. We will also ensure that we operate a standard olive oil processing and packaging plant as part of our complimentary business.

We are in this line of business to make profit, and we will ensure that we do all that is allowed by the law of the United States of America to achieve our business goals and objectives. These are the areas we will concentrate on in our olive tree farm. If need arises we will definitely cultivate related crops;

  • Growing olive trees
  • Producing olive oil

Our Vision Statement

Our vision is to become one of the leading commercial olive tree farms and olive oil processing and packing brand not just in the United States of America but also on the global stage.

  • Our Mission Statement

Thomas Carnegie® Olive Tree Farms, Inc. is a world class olive tree farm that is in business to cultivate olives in commercial quantities and process olive oil for both the United States and the international market. We want our well – packaged olive oil to flood every nooks and crannies of the United States and other countries of the world.

  • Our Business Structure

Thomas Carnegie® Olive Tree Farms, Inc. is an olive tree farm that intends starting small in Des Moines – Iowa, but hopes to grow big in order to compete favorably with leading commercial olive tree farms in the commercial farming industry both in the United States and on the global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own, that is why we are committed to only hire the best hands in and around Iowa.

At Thomas Carnegie® Olive Tree Farms, Inc., we will ensure that we hire people that are qualified, hardworking, dedicated, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers) in the business.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the management of the farm. In view of the above, Thomas Carnegie® Olive Tree Farms, Inc. have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Operating Officer
  • General Farm Manager
  • Administrator/Accountant
  • Olive Tree Cultivation Manager/Supervisor
  • Olive Oil Processing and Packaging Plant Manager
  • Sales and Marketing Executive
  • Field Employees
  • Front Desk Officer

Roles and Responsibilities

Chief Operating Officer:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

General Farm Manager

  • Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
  • Supervises other section managers (olive tree cultivation manager and olive oil processing and packaging manager)
  • Ensures compliance during project executions
  • Provides advice on the management of farming activities across all section
  • Responsible for carrying out risk assessment
  • Uses IT systems and software to keep track of people and progress of the growth of crops (olive trees)
  • Responsible for overseeing the accounting, costing and sale of farm produce after harvest
  • Represents  the organization’s interest at various stakeholders’ meetings
  • Ensures that farming goals are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are utilized and different interests involved are satisfied. Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Handles all financial transactions for the company
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Oversees the smooth running of the daily farming activities across the various farming sections

Administrator/Accountant

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Responsible for financial forecasting and risks analysis
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the farm
  • Serves as internal auditor for the farm

Olive Trees Cultivation Manager/Supervisor

  • Responsible for managing the cultivation section of the olive tree farm
  • Supervises other workers within the department
  • Works closely with the General Manager to achieve the organizations’ goals and objectives

Olive Oil Processing and Packaging Manager/Supervisor

  • Responsible for managing the olive oil processing and packaging section of the commercial farm
  • Supervises other workers within the department
  • Works closely with the General Manager to achieve the organizations’ goals and objectives

Sales and Marketing Officer

  • Identifies, prioritizes, and reaches out to new partners, and business opportunities
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects
  • Writes winning proposal documents, negotiate fees and rates in line with company policy
  • Responsible for handling business research, marker surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represents the company in strategic meetings
  • Helps to increase sales and growth for the farm

Field Workers/Contract Staff

  • Responsible for preparing farm lands for olive trees cultivation
  • Responsible for watering the crop
  • Weeding or fertilizer and/or pest control application
  • Handles farm implements and machines as instructed by the section manager
  • Assists in handling the harvest of olives
  • Carries out task in line with the stated job description
  • Assists in transporting work tools and equipment from the farm and back to the designated store room
  • Handles any other duties as assigned by the line manager

Client Service Executive/Front Desk Officer

  • Welcomes guests and clients to the farm by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
  • Receives parcels/documents for the organization
  • Distribute mails in the organization
  • Handles any other duties as assigned by the line manager

Olive Tree Farming Business Plan – SWOT Analysis

Thomas Carnegie® Olive Tree Farms, Inc. does not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard olive tree farm that will favorably compete with leading commercial olive farms in the United States of America.

We are quite aware that there are several large, medium and small scale olive tree farms all over Des Moines – Iowa and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Thomas Carnegie® Olive Tree Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT analysis and to help us create a business model that will help us achieve our business goals and objectives.

Here is a summary of the result of the SWOT analysis that was conducted on behalf of Thomas Carnegie® Olive Tree Farms, Inc.;

  • Strength:

Our strength as an olive tree farm is the fact that we have healthy relationships with loads of major players (agriculture merchants who deal in olives, furniture makers and lumberjacks / wood markets and other production companies that make use of olive oil as raw material) in the commercial farms industry; both suppliers and buyers within and outside of the United States.

We have some of the latest commercial farm machines, tools and olive oil processing equipment that will help us cultivate olives in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Des Moines – Iowa in our payroll.

  • Weakness:

Our weakness is that we are a new olive tree farm in the United States, and perhaps the fact that we decided to diversify our farming activities could count against us too. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.

  • Opportunities:

The opportunities that are available to us cannot be quantified; we know that there are loads of production companies that rely on the supply of olives from olive tree farms. We will ensure that we will maximize the opportunities available to us.

  • Threat:

Some of the threats and challenges that we are likely to face when we start our own olive tree farm are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (droughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that cultivates same crops) within same location. There is hardly anything you can do as regards these threats and challenges other than to be optimistic that things will continue to work for your good.

Olive Tree Farming Business Plan – MARKET ANALYSIS

  • Market Trends

Despite the fact that olive tree farming has been in existence since time immemorial, this does not in any way make the industry to be over saturated. Olive tree farmers are exploring new ways to continue to improve the cultivation and preservation processes of olives. The fact that there is always a ready market for olives, olive leaves and olive trees makes the business highly profitable.

Lastly, it is a common trend to find standard olive trees farmers run an olive oil processing plant business alongside their farm. It is a means of maximizing profit in the business.

  • Our Target Market

Almost every household consumes or make use of olive oil or olive leave or the tree in different forms. In essence an olive tree farmer should be able to sell his or her farm produce to as many people as possible including production companies that make use of olive oil, olive leaves and olive trees as raw materials.

We will ensure that we position our business to attract consumers of olive oils not just in the United States of America alone but also other parts of the world which is why we will be exporting some of our farm produce either in raw form or processed form to other countries of the world.

  • Our Competitive Advantage

The truth is that it is easier to find entrepreneurs flocking towards an industry that is known to generate consistent income which is why there are more commercial farmers in the United States of America and of course in most parts of the world.

As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming. This is so because part of the success of any nation is her ability to cultivate her own food and also export foods to other nations of the world.

Thomas Carnegie® Olive Tree Farms, Inc.  is fully aware that there are competitions when it comes to selling commercial farm produce including olives all over the globe, which is why we decided to carry out thorough research so as to know how to take advantage of the available market in the United States and in other parts of the world.

We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable olive trees farming processes that can help us sell our produce at competitive prices, good network and excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we will operate an all – round standard commercial olive tree farms that will also include an olive oil processing plant. With this, we will be able to take advantage of all the available opportunities within the industry.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

Olive Tree Farming Business Plan – SALES AND MARKETING STRATEGY

We are quite aware that the reason why some olive tree farms hardly make good profits is their inability to sell off their olives, the leaves and the trees as at when due. In view of that, we decided to set up a standard olive oil processing plant to help us maximize profits.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We want to build a standard olive tree farm that will leverage on word of mouth advertisement from satisfied clients (both individuals and businesses).

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and companies that rely on olives, olive leaves and the trees as their major raw materials. In summary, Thomas Carnegie® Olive Tree Farms, Inc. will adopt the following strategies in marketing our olive tree farm produce;

  • Introduce our business by sending introductory letters alongside our brochure to stakeholders in the agriculture industry and production companies that rely on the supply of olives, olive leaves and trees as raw materials
  • Advertise our business in agriculture and food related magazines and websites
  • List our olive tree farms on yellow pages ads
  • Attend related agriculture and food expos, seminars, and business fairs
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage the use of word of mouth marketing (referrals)

Sources of Income

Thomas Carnegie® Olive Tree Farms, Inc. is in the commercial farming business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives.

In essence we are not going to rely only on the sale of our farm produce to generate income for the business. Below are the sources we intend exploring to generate income for Thomas Carnegie® Olive Tree Farms, Inc.;

  • Growing olive trees
  • Producing olive oil

Sales Forecast

We have perfected our sales and marketing strategies and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income/profits from the first year of operation and build the business from survival to sustainability.

We have been able to critically examine the agriculture industry cum olive tree farm line business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

First Fiscal Year-: $250,000

Second Fiscal Year-: $450,000

Third Fiscal Year-: $750,000

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (droughts, epidemics), and unfavorable government policies.

  • Our Pricing Strategy

Some of the factors that will help you sell your olives at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control. For example, if the climatic condition is unfavorable and if there are natural disasters in the location where you have your olive tree farm, then it will directly affect the harvest of olives and also the prices of your farm produce.

Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you choose a good location for your commercial farm, choose a good breed/seeds that will guarantee bountiful harvest, cut the cost of running your farm to the barest minimum and of course try as much as possible to attract buyers to your farm as against taking your farm produce to the market to source for buyer.

We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for our olives is to sell them at competitive prices hence we will do all we can to ensure that the prices of our olives are going to be what other olive trees farmers would look towards beating.

One thing is certain, the nature of commercial farming makes it possible for farmers to place prices for their farm produce based on their discretion without following the benchmark in the industry. The truth is that it is one of the means of avoiding running into a loss. The easier you sell off your harvested olives the better for your business.

  • Payment Options

The payment policy adopted by Thomas Carnegie® Olive Tree Farms, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them, but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Thomas Carnegie® Olive Tree Farms, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via check
  • Payment via Point of Sale Machines (POS Machines)
  • Payment via mobile money transfer
  • Payment via bank draft

Olive Tree Farming Business Plan – Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

We know that it is important to create strategies that will help us boost our brand awareness and create a corporate identity for our olive tree farm business. Below are the platforms we will leverage on to boost our olive tree farm brand and to promote and advertise our business;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events
  • Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our business
  • Install our billboards in strategic locations all around Des Moines – Iowa
  • Engage in roadshows from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact production companies that rely on the supply of olives, olive leaves and trees as raw materials, and agriculture produce merchants in our target areas by calling them up and informing them of Thomas Carnegie® Olive Tree Farms, Inc. and the farm produce we sell
  • List our olive tree farms in local directories/yellow pages
  • Advertise our olive tree farms in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles and trucks are well branded with our company logo.

Olive Tree Farming Business Plan – Financial Projections and Costing

When it comes to calculating the cost of starting an olive tree farm with an olive oil processing plant, there are some key factors that should serve as a guide. Factor such as the capacity of olive oil processing plant you want to own and the size of the farm.

Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to start a world – class commercial farm, then you would need a good amount of capital as you need to ensure that your employees are well taken care of, and that your farm is conducive enough for workers to be creative and productive.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting an olive tree farm; it might differ in other countries due to the value of their money.

Below are some of the basic areas we will spend our start – up capital in setting up our olive tree farm;

  • The total fee for incorporating the business in United States of America – $750
  • The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
  • The amount needed to acquire/lease a farm land – $50,000
  • The amount required for preparing the farm land – $70,000
  • The cost for acquiring the required working tools and equipment/machines/fencing et al – $10,000
  • The amount required for purchase of the first set of olive seedlings et al – $50,000
  • The amount required to set up a standard olive oil processing plant within the farm facility – $100,000
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $40,000
  • The cost of launching an official website – $600
  • The amount required for payment of workers for a period of 3 months – $100,000
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000

Going by the report from detailed research and feasibility studies conducted, we will need an average of $500,000 to start a standard olive tree farm with olive oil processing plant business in the United States of America. These are some of the equipment that we would need to fully launch our olive oil farm,

  • Tractor
  • Soil cultivator
  • Plough
  • Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
  • Stone / Rock / Debris removal implement (e.g. Destoner, Rock windrower / rock rake, Stone picker / picker)
  • Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
  • Planter
  • Plastic mulch layer
  • Transplanter
  • Sprinkler system irrigation
  • Mower
  • Sickle
  • Wheel Barrow
  • Truck

Basically, the business does not require an office space, most people that run commercial farms operate directly from their farms. But we have decided to open a small liaison office; a place where administrative jobs will be carried out on behalf of the business.

Generating Funds/Startup Capital for Thomas Carnegie® Olive Tree Farms, Inc.

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as olive tree farming business and olive oil processing plant. No doubt raising startup capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

Thomas Carnegie® Olive Tree Farms, Inc. is a family business that will be owned and managed by Thomas Carnegie and his immediate family members. They are the sole financiers of the firm, but may likely welcome other partners later which is why they decided to restrict the sourcing of startup capital for the business to just three major sources.

  • Generate part of the start – up capital from personal savings and sale of stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $400,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

OLIVE OIL FARMING BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and the business structure. If all of these factors are missing from a business, then it won’t take long for the business to close down.

One of our major goals of starting Thomas Carnegie® Olive Tree Farms, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to sell our farm produce a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Thomas Carnegie® Olive Tree Farms, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our organization’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more as determined by the management of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry and they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts in various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of All forms of Insurance for the Business: Completed
  • Leasing of farm land in Des Moines – Iowa and preparing the farm land: Completed
  • Conducting Feasibility Studies: Completed
  • Startup Capital Generation: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing/Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed working tools, machines and equipment: Completed
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Farm land Treatment, Health and Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in the industry (agriculture farm produce merchants, fertilizer suppliers and transport/haulage companies et al): Completed
ProfitableVenture.com © 2015 - 2017 | All Rights Reserved | See About us | Privacy Policy and Disclaimer.