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| Oil seeds |
As the vegetable oil industry goes steadily, more and more people want to start a vegetable oil extraction business. If you want to make profits from this industr, you should do the following things first:
1.Conduct research on the requirements of a vegetable oil extraction business in terms of capital, market size and trends, competition and further insights on the business. Conduct an online search on established businesses or personally visit the premises to gain insight on the establishment and operation of the business.
2.Make a business plan including the proposed location; finances, both start-up capital and operational costs; target market, for example, the food industry or manufacturing companies and the marketing strategy. Obtain the necessary funding for the business and its requirements. Consider transportation costs of the vegetables unless you own a vegetable farm, extraction costs and testing procedures before sale.
3.Conduct an online search on the laws in your state regarding vegetable oil extraction for small businesses, and additionally, the environmental rules and regulations concerning industrial waste control in your locality. Acquire a license and permit from your local county's department of licenses and permits to enable you to legally operate your business; the department charges a fee for the license and permit.
Register your business name with the department.
4.Select the location of the extraction plant; it is advisable to locate it near the source of the raw materials; for example, a corn field or olive plantation so as to reduce transportation costs. Buy the necessary equipment for the business, such as the vegetable oil extraction machine; the cost depends on the model;
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| Simple oil making process |
5.Advertise job vacancies for employees experienced in the oil extraction process through the media and select your preferred candidates. Market your business through the media or personal representatives by visiting your target group, such as restaurants and manufacturing companies to attain your clientele base.
Related reading: Batch type soybean oil refining machine
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