Are you about starting a worm farming business? If YES, here is a complete sample worm farming business business plan template & feasibility report you can use for FREE. Okay, so we have considered all the requirements for starting a worm farming business. We also took it further by analyzing and drafting a sample worm farm marketing plan template backed up by actionable guerrilla marketing ideas for worm farms. So let’s proceed to the business planning section.
Table of Content
- 2. Executive Summary
- 5. Job Roles and Responsibilities
- 6. SWOT Analysis
- 7. MARKET ANALYSIS
- 13. Startup Expenditure (Budget)
Why Start a Worm Farm?
It is interesting to note that worms can be reared in farms just like snail, pig and other classes of farming that you may know. Worm farming today has moved from its primitive stage where it was only a hobby to what it is today – a line of business. As a matter of fact, earthworm is important to the farmer because it helps in improving soil structure, texture, in destroying soil pathogens and in adding nutrients to the soil.
There are different types of worms that you can rear. There are the red worms, European night crawlers, amongst others. Having a vast knowledge of the different types of worms and their characteristics will help you decide which type or class to adopt for your worm business. It would do you a world of good to do research, read books and check the internet for relevant information on worms.
Starting a worm farming business comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture. An aspiring entrepreneur can either choose to start a worm farming business on a small scale or on a large scale depending on their financial status.
If you have decided to go into worm farming, then you should ensure to carry out thorough href=”https://www.profitableventure.com/steps-write-feasibility-study-report/” target=”_blank” rel=”noopener noreferrer”>feasibility studies and also market survey. Business plan is yet another very important business document that you should not take for granted when launching your own business.
Below is a sample worm farming business plan template that can help you to successfully write your own with little or no difficulty.
A Sample Worm Farming Business Plan Template
1. Industry Overview
Earthworm is a key player in organic farming. Earthworms play a major role in converting large pieces of organic matter into rich humus, thus improving soil fertility. The earthworm’s burrowing creates a multitude of channels in the soil and this is of great value in maintaining soil structure, aiding processes of aeration and drainage. Earthworms accelerate nutrient cycling in the soil-plant system through the process of fragmentation and mixing of plant debris – physical grinding and chemical digestion.
From an estimate of about 6,000 species, only about 150 species are widely spread around the world. These are the peregrine or cosmopolitan earthworms. Earthworms improve the fertility of the soil in different ways, hence they are of very important in the agriculture cum farming industry.
The earthworm farming industry is indeed a fast – growing industry and pretty much active in countries like united states of America, Australia, New Zealand, Japan, China, Greece, Portugal, and Canada et al. There is no single earthworm farm company that has a dominant market share in the industry hence smaller earthworm farms can successfully make profits.
Statistics has it that earthworms are sold all over the world; the market is indeed a sizable one. According to Doug Collicut, “In 1980, 370 million worms were exported from Canada with a Canadian export value of $13 million and an American retail value of $54 million. Earthworms are also sold as food for human consumption. Noke is a culinary term used by the Māori of New Zealand, and it refers to earthworms which are considered delicacies for their chiefs.
One thing is certain when it comes to the earthworm farming business, if you are able to conduct your market research and feasibility studies, you are likely not going to struggle to sell your earthworms because there are always farms and in some cases consumers out there who are ready to buy from you.
Despite the fact that earthworm farming has been in existence since time immemorial, it does not in any way make the industry to be over saturated; earthworm farmers are exploring new technology to continue to improve on the farming process.
The fact that there is always a ready market for earthworm makes the business ever green. As a matter of fact, earthworms are used as baits for fishing in many parts of the world. They are also used as animal feed for animals such as frogs, moles, lizards, small insects etc. Earthworms make the best meal for fishes in an aquarium and small animals in the laboratory.
2. Executive Summary
Dennis Greene® Earthworm Farms, Inc. is a licensed earthworm farming company that will major in earthworm farming and will be based in the outskirts of West Palm Beach, Florida – United States. We have done our detailed market research and feasibility studies and we were able to secure 2 hectares of land to start our earthworm farming business. Our earthworm farming business is going to be a standard business hence we will be involved in selling earthworms to farmers and fishermen beyond West Palm Beach – Florida.
At Dennis Greene® Earthworm Farms Inc., we will be involved in the cultivation of different species of earthworms and raising and harvesting aquaculture species to augment or replenish wild habitats (e.g. seaweed, alligators, frogs and turtles).
Within the first five years of officially running Dennis Greene® Earthworm Farms, Inc., we will start our earthworm packaging plant and also start exporting our packaged earthworms to other parts of the world. That is why aside from the fact that we have secured the required farm land and most of the farming equipment and machines, we have also hired some key employees who are currently undergoing training so as to be able to fit into the ideal picture of the 21st century earthworm farming business workforce that we want to build.
We are in the earthworm farming business because we want to leverage on the vast opportunities available in the agriculture industry to contribute our quota in growing the U.S. economy, to export different species of earthworms from the United States to other countries and over and above to make profit.
Dennis Greene® Earthworm Farms, Inc. is well positioned to become one of the leading earthworm farms in the United States of America, which is why we have been able to source for the best hands to run the business with. We have put processes and strategies in place that will help us employ best practices when it comes to earthworm farming as required by the regulating bodies in the United States of America.
Dennis Greene® Earthworm Farms, Inc. is a privately registered earthworm farming company that is owned by Dennis Greene and his immediate family members. Dennis Greene is a graduate of Soil Science from the University of Florida with well over 10 years of hands on experience working for some of the leading agriculture research centers in the United States of America.
3. Our Products and Services
Dennis Greene® Earthworm Farms, Inc. is an earthworm farming company that will be involved in farming different species of earthworms for both the United States and the global market. We will also ensure that we operate a standard earthworm packaging plant as part of our complimentary business.
We are in the earthworm farming business to make profits, and we are going to do all that is permitted by the law in the United States of America to achieve our business aim and objectives. These are the areas we will concentrate on in our earthworm farms. If need arises we will definitely add more agricultural produce to our list;
- Cultivation of different species of earthworms
- Packaging earthworms for exports especially to fishermen on high sea and owners of free range chicken farms.
- Related training, consultancy and advisory services
4. Our Mission and Vision Statement
- Our Vision is to become one of the top 10 leading earthworm farms – brands not just in the United States of America but also on the global stage.
- We are set to become the standard of how world – class earthworm farms should be run not just in West Palm Beach – Florida, but also throughout the United States of America. We want our well – packaged earthworms to flood every nooks and crannies of the United States of America and other countries of the world.
Our Business Structure
Dennis Greene® Earthworm Farms, Inc. is a business that is established with the aim of competing favorably with other leading earthworm farm brands in the industry. This is why we will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.
At Dennis Greene® Earthworm Farms, Inc., we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all our stakeholders. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;
- Chief Operating Officer
- General Farm Manager
- Earthworm farm workers
- Sales and Marketing Executive
- Front Desk Officer
5. Job Roles and Responsibilities
Chief Executive Officer – CEO
- 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
- Ensures compliance during project executions
- Providing advice on the management of farming activities across all sections
- Responsible for carrying out risk assessment
- Uses IT systems and software to keep track of people and progress of the growth of earthworms
- Responsible for overseeing the accounting, costing and sale of farm produce after harvest
- Represents the organization’s interest at various stakeholders’ meeting
- 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
- Defining 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
- 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
Earthworm Farm Workers
- Responsible for feeding earthworm on a daily basis
- Ensures that the water and the temperature of the containers where the earthworms are kept is within the expected standard
- Responsible for changing the soil and content in various earthworm containers
- Responsible for harvesting earthworms when they are due for harvest
- Works closely with the General Manager to achieve the organizations’ goals and objectives
- Handles any other duty as assigned by the general farm manager
Sales and Marketing Officer
- Manages external research and coordinates all the internal sources of information to retain the organizations’ best customers and attract new ones
- Models demographic information and analyze the volumes of transactional data generated by customer purchases
- Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding increase sales
- Documents all customer contact and information
- Represent the company in strategic meetings
- Helps increase sales and growth for the business
Front Desk/Customer’s Service Officer
- Welcomes clients and visitors 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 farm produce
- Manages administrative duties assigned by the HR manager in an effective and timely manner
- Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to potential clients when they make enquiries
- Receives parcels/documents for the business
- Distributes mails in the organization
- Handles any other duties as assigned by the line manager
6. SWOT Analysis
Dennis Greene® Earthworm 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 earthworm farm that will favorably compete with leading earthworm farms in the United States of America.
We are quite aware that there are several large, medium and small scale earthworm farms all over West Palm Beach – Florida 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 maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.
Dennis Greene® Earthworm Farms, Inc. employed the services of an expert HR and Business Analyst with bias in the agriculture cum 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 from the result of the SWOT analysis that was conducted on behalf of Dennis Greene® Earthworm Farms, Inc.;
Our strength as an earthworm farm company is the fact that we have healthy relationships with loads of major players (organic farmers and fishermen et al who rely on daily supply of earthworms) in the agriculture industry. We have some of the latest earthworm farming machines, tools and equipment that will help us cultivate various species of earthworms in commercial quantities with less stress.
Aside from our relationship (network) and equipment, we can confidently boast of having some the most experienced hands in the earthworm farming business in West Palm Beach – Florida in our payroll and we have a competent management team that has what it takes to start and grow a business within the shortest time frame.
Our major weakness is that we are a new earthworm farming business in the United States, it might take some time for our organization to break into the market and gain acceptance especially from international markets in the fast growing and highly competitive earthworm farming business. Another weakness is that we may not have the required cash to promote our business the way we would want to.
The opportunities that are available to us cannot be quantified, we know that a large number of organic farmers and fishermen et al rely on a daily supply of earthworms. We are ready to take advantage of any opportunity that is available in the industry.
Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of a new earthworm farm in the same location where our target market exists and who may want to adopt same business model like us.
7. MARKET ANALYSIS
- Market Trends
A close watch on happenings as it relates to the earthworm farming business shows that operators in the industry are leveraging on the campaign for healthy eating (most especially organic foods) in promoting their produce. As a matter of fact, organic farmers and some fishermen cannot successfully carry out their business without a daily supply of different species of earthworms.
It is on record that revenue from the earthworm farming line of business has maintained positive growth. This is so because in recent time, a growing number of individuals shifted to healthy eating by consuming organic produce, resulting in high demand.
One of the common trends in the earthworm farming line of business is that most players in the industry are no longer concentrating only in selling earthworms within their neighborhood. They now find it easier to cultivate various species of earthworms and then properly package and ship them to markets beyond their operational base especially to fishermen on the high seas.
8. Our Target Market
Naturally, those who benefit from the business value chain of the earthworm farming industry is all encompassing; it is far – reaching.
In view of that, we have positioned our earthworm farming business to service (supply) a wide range of organic farms and other outlets all across West Palm Beach – Florida and other key cities all over the United States of America and Canada. We have conducted our market research and we have ideas of what our target market would be expecting from us.
We are in business to retail our earthworms to the following groups of people and businesses;
- Organic farmers who depend on a regular supply of earthworms
- Owners of aquariums who need earthworms to feed their fishes or other sea creatures in their aquariums
- Owners of free – range chickens
- Farmers of animals such as ducks, frogs, moles, lizards, and small insects et al who need earthworms as feeds for their animals
- Fishermen and fisherwomen who need earthworms as bait for fishes
- Laboratories and research centers that make use of earthworms
Our competitive advantage
A close study of the earthworm farming industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.
Dennis Greene® Earthworm Farms, Inc. is fully aware that there are competitions when it comes to selling different species of earthworms all over the globe, which is why we decided to carry out thorough research to know how to take advantage of the available market in the United States and in other parts of the world.
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 earthworm farming processes that can help us sell our produce at competitive prices, good network and excellent relationship management.
Our competitive advantage lies in the power of our team; our workforce. We have a team of hardworking and highly proficient earthworm farmers, a team with excellent qualifications and experience as it relates to earthworm farming. Aside from the synergy that exists in our carefully selected team members, we have some of the latest and efficient earthworm farm machines and equipment and we will be guided by best practices in the industry.
Another competitive advantage that we are bringing to the industry is that we will operate an all – round standard earthworm farm that will be involved in packaging a wide species of earthworms for both local and international market. With this, we will be able to take advantage of all the available opportunities within the industry.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Dennis Greene® Earthworm Farms, Inc. is in the earthworm 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 various species of earthworms to generate income for the business.
Below are the sources we intend exploring to generate income for Dennis Greene® Earthworm Farms, Inc.;
- Cultivation of different species of earthworms
- Packaging of different species of earthworms and shipping them to fishermen and organic farmers beyond West Palm Beach – Florida
- Carrying out training, consultancy and advisory Services
10. Sales Forecast
From the survey conducted, we were able to discover that the sales generated by an earthworm farm depend on the size and the nature of the location of the farm.
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 earthworm farms industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
- First Year-: $200,000
- Second Year-: $500,000
- Third Year-: $800,000
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, and unfavorable government policies. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
We are aware that the reason why some earthworm farms hardly make good profits is their inability to sell off their farm produce as at when due. In view of that, we decided to set up a standard earthworm packaging plant and also to cultivate our feeds for our earthworms. It will indeed help us maximize profits.
Our sales and marketing team will be recruited based on their vast experience in the earthworm and organic farming industry and they will be trained on a regular basis to be well equipped to meet their set targets and the overall business goal of Dennis Greene® Earthworm Farms, Inc.
Our goal is to grow Dennis Greene® Earthworm Farms, Inc. to become one of the leading earthworm farms in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in West Palm Beach – Florida, but also in other cities in the United States of America and the world at large.
Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and businesses that are likely to become our customers. In summary, Dennis Greene® Earthworm Farms, Inc. will adopt the following strategies in marketing our different species of earthworms;
- Introduce our business by sending introductory letters alongside our brochure to stakeholders such as organic farmers who depend on regular supply of earthworms, owners of aquariums who need earthworms to feed their fishes or other sea creatures in their aquariums, farmers of animals such as ducks, frogs, moles, lizards, and small insects et al who need earthworms as feeds for their animals, fishermen and fisherwomen who need earthworms as bait for fishes and laboratories and research centers that make use of earthworms in and around West Palm Beach – Florida
- Advertise our business in organic farms and agriculture related magazines and websites
- List our earthworm farming business in 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)
11. 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 (both conventional and non – conventional 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 earthworm farm business. Below are the platforms we will leverage on to boost our earthworm 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 West Palm Beach – Florida
- Engage in roadshows from time to time in targeted neighborhoods
- Distribute our fliers and handbills in target areas
- Contact stakeholders such as organic farmers who depend on regular supply of earthworms, owners of aquariums who need earthworms to feed their fishes or other sea creatures in their aquariums, farmers of animals such as ducks, frogs, moles, lizards, and small insects et al who need earthworms as feeds for their animals, fishermen and fisherwomen who need earthworms as bait for fishes and laboratories and research centers that make use of earthworms in and around West Palm Beach – Florida by calling them up and informing them of Dennis Greene® Earthworm Farms, Inc. and the different species of earthworms we sell
- List our earthworm farm in local directories
- Advertise our earthworm farm 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
12. Our Pricing Strategy
Some of the factors that will help you sell your farm produce 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 commercial farm, then it will directly affect the prices of your farm produce.
Over and above, if you want to get the right pricing for your farm produce, then you should choose a good location for your farm, choose a good breed 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 buyers.
One of the easiest means of penetrating the market and acquiring loads of customers for our earthworms is to sell them at competitive prices, hence we will do all we can to ensure that the prices of our earthworms is going to be what other earthworm farmers would look towards beating.
- Payment Options
The payment policy adopted by Dennis Greene® Earthworm Farms, Inc. is all inclusive because we are 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 Dennis Greene® Earthworm Farms, Inc. will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via credit cards/Point of Sale Machines (POS Machines)
- Payment via online bank transfer
- Payment via check
- Payment via mobile money transfer
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for our earthworms purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our earthworms.
13. Startup Expenditure (Budget)
When it comes to calculating the cost of starting an earthworm farm, there are some key factors that should serve as a guide. The capacity of the farm determines the total cost of setting up the business. Below are some of the basic areas we will spend our startup capital in setting up our earthworm farm;
- The total fee for incorporating the Business (earthworm farm) in United States of America – $750
- The budget for key insurance policies, permits and business license – $2,500
- The amount needed to acquire/lease a farm land – $50,000
- The amount required for preparing the farm land (installing different earthworm farming containers and casing, and fencing et al) – $30,000
- The cost for acquiring the required working tools and equipment/machines/glass casing et al – $30,000
- The amount required for purchase of earthworms – $20,000
- The cost of launching an official Website – $600
- The amount required for payment of workers for a period of 3 months – $30,000
- Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000
Going by the report from our detailed research and feasibility studies conducted, we will need an average of $150,000 to start a standard earthworm farm business in the United States of America. Please note that salaries of all the staff are inclusive.
Generating Funds/Startup Capital for Dennis Greene® Earthworm 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 an earthworm farm.
Dennis Greene® Earthworm Farms, Inc. is a privately registered business that is solely owned and financed by Dennis Greene and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.
These are the areas we intend sourcing for fund for Dennis Greene® Earthworm Farms, Inc.;
- Generate part of the startup capital from personal savings and sale of his stocks
- Generate part of the startup 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 $50,000 (Personal savings $40,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $100,000 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.
14. 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 (company), then it won’t be too long before the business closes shop.
One of our major goals of starting Dennis Greene® Earthworm Farms, Inc. is to build a business that will survive off its own cash flow without 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 earthworms 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.
Dennis Greene® Earthworm 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 company’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 three years or more as determined by the board of the organization. We know that if this 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.
- 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
- 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 and 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 key players in the industry: Completed