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How much does it cost to start a rice business?
You have consumers who buy in great numbers and food establishments who order in bulk. Thus, becoming a rice dealer or retailer can net you good profits because of its daily demand. And with a low starting capital of about P80,000 to P120,000 — it’s also an affordable business to start as well.
How can I start rice mill business in the Philippines?
- Learn more information about rice milling business.
- Create a business plan.
- Obtain the necessary licenses and permits.
- Find a good location.
- Buy equipment.
- Hire employees and start operations.
How to start a rice retailing business?
Your first priority when starting a rice retailing business would be to secure a license from the National Food Authority (NFA). They are the ones who will tell you if you are allowed to sell and distribute rice. The NFA license can be procured at the nearest NFA office that has jurisdiction over the location of your business.
What are the important questions to consider before starting a rice dealership?
This will assess the economic viability of your proposed business. Here are some important questions to consider before plunging into this kind of business. 1. Do you have enough capital or budget for your rice dealership business? With at least P60,000 to P100,000 as a starting capital. 2.
What do you need to start a rice farm?
With the rice farming business, obviously, you will need a large parcel of land. You will need an excellent irrigation system, the best seeds, the best fertilizers, the most effective pesticides, harvesters, seeders, and tractors for plowing the land.
What do you need to know before selling rice?
It is also important that you secure the delivery vehicles you need in dealing the rice to your customers. Depending on the size of your business, you need to decide whether you need one delivery vehicle or more. On the other hand, you can buy more delivery vehicles if you want a large-based business.
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