How to Start Rice Business?
Rice is the staple food of several Asian countries. Suffice it to say rice business is widespread in these countries.
But this doesn't mean that western or any other countries are not up to this kind of business. This article gives you an overview of how to start a rice business.
Of course, any business feasibility study or the planning stage is always the first step to take. Ask yourself what kind of rice business you want: rice farming business, rice dealership business, rice mill business, and wholesale or retail rice selling business.
With the rice farming business, you will need a large parcel of land. You will need an excellent irrigation system, the best seeds, fertilizers, effective pesticides, harvesters, seeders, and tractors for plowing the land. These are just the necessities of this kind of rice business for you to be able to start and eventually and hopefully sell after the harvest season.
The rice mill business is also a good rice business. You will need a considerable barn or storage area for the product that will be milled, and that has been milled. You will also need to invest in a rice milling machine. Proper maintenance of the rice milling machine is essential in this kind of business.
It is better to purchase a new one rather than a refurbished one. A refurbished rice milling machine may be cheaper, but in the long run, it will be more costly for you due to the high maintenance cost and probably for the repair of the machine. You will also need to hire an operator for your rice milling machine.
With rice dealership business and any kind of business, you need to apply for a business license. You need to look for a big storage room for the sacks of rice that will be delivered to you. You must also scout for a good location for your rice dealership business. You must also implement FIFO (first in, first out policy).
You need to have several rice varieties so your customers will have several options. Get a comprehensive non-life insurance policy for your business; ensure you include the clause regarding “Acts of God” in your insurance policy. Better be insured than be sorry.
The guidelines regarding the rice dealership business may also apply to the retail and wholesale business. Another guideline for this business is to ask for referrals from companies and friends. And be prepared to lose. If there is a peak season in any business, there will also be a lean season. So you have to prepare yourself for this scenario. Make alternative plans before the lean season month/s. Offer discounts and other marketing strategies during this season.
Asian Rice Wholesaler Explaining about Rice Pricing and How to Manage it
- Prerequisites for Starting a Rice Dealership Business
Basically, there are some people who want to know how to start a rice dealership business, but are not aware on how to start. Hopefully these tips can help you.
- How to Start Rice Farming in the United States of America
Rice industry in the United States indeed is a booming industry that is of tremendous demand by the consumers. These specifics on how to start rice farming can be very essential.
- Franchise Opportunities
- Wholesale Business Opportunities
- Small Manufacturing Business
- Farming Business Ideas
- Unique Business Opportunities
- Shop Business Ideas
- Small Business Opportunities
- Startup Company Ideas
- Home Based Business Opportunity
- Rural Business Opportunities
- Tips for Buying and Selling
- Starting Rental Business
- Ideas for Small Business
- Free Business Ideas
- Internet Business Ideas
- Store Business Opportunities
- Entrepreneur Business Idea
- Retail Store Ideas
- Service Business Ideas
- Advice for Small Business
- Financing a Small Business
- Restaurant Business Opportunities
- Small Business Articles
- Business Marketing and Advertising
- Repair Business Opportunity
- Professional Career Opportunities
- Business Insurance Information
- Instructor Guides