Netherlands Agricultural Companies Report
9 Pages2008 Words52 Views
Added on 2020-04-07
Netherlands Agricultural Companies Report
Added on 2020-04-07
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TASK 1: Individual Portfolio 1TASK 1: Individual PortfolioNameCourseProfessor’s nameUniversityStateDate
TASK 1: Individual Portfolio 2TASK 1: Individual PortfolioAgricultural based companies perform relatively well in Netherlands. The high performance is attributed to innovative, export-oriented and great value-added agricultural system (OECD 2015). The growing population both within the country and the international population provides a vast market for farm produce which in turn results in business opportunities for agricultural-based businesses. Focusing on the country's population, the market size provides a broad market for food commodities. Netherlands has a population of 17 million people (statistical Netherlands (CBS) 2014). Small agri-businesses can start and develop in the country. Water supply to the farmers is throughout the year meaning that the farmers will have a continuous supply of farm produce. The continuous supply provides an opportunity for food processing companies. Below is a business portfolio for an agriculturallybased business idea.Name of the business. High-Grade Food LimitedMission statement: To be the leading company in fruit processing while maintaining quality services. Location of business operations: The business will be located at Assen in Drenthe.Business target – the venture will aim at taking advantage of the insufficient canned fruits supply in the country.Target group- the business goals the entire population. People of all ages will be targeted since fruits are universally consumed.The line of business activities-The business will engage in small-scale food processing. The primary product will be canned fruits.Market assessment- the fruit processing companies occupy 13% of the food processing industry. Most of the fruits exported are fresh from the farms which have a low shelf life. Fruit processing is an appropriate venture since that line of business is not congested.
TASK 1: Individual Portfolio 3Starting capital- the company will involve the use of some machinery for fruit processing. Also, the company will require renting operation premises. The starting capita is approximately 60,000 USDSource of capital-the business will acquire its initial capital from a bank loan of $40,000 plusan additional $20,000 from personal savings. The caters for unplanned costs that may arise.The scale of operations-the business will be a small-scale enterprise. The target estimate output per day is 200 cans. The number of employees will be between 20 to 30. The daily operations will run fromManagement-a single manager will be responsible for monitoring the day to day operations with the help of a staff supervisor. The manager will be responsible for monitoring the business transactions and will be the sole authority. The management will also be responsiblefor recruitment.Estimated net income- the business has an estimated returns of a gross income of 500,000 USD in the first year. Tax deductions and salary deductions for the firm will result in a net income of 200,000 USD. The net income is anticipated to rise in the future as the business expands.Expected setbacks. The machines for production in the firm will be initially second-hand. Their performance might not be at peak, and technical problems may delay operations. Competition from already established companies may also pose a challenge.For every business to grow, innovation and creativity must be enhanced, and encouraged.creativity leads to improvement of products while innovations develop new and effective methods of production.individual staff should enhance their critical thinking and come up with new ideas that will help st the business apart from the rest of the competition. Creativity differentiates a business from other businesses (Neal 2016). High-Grade Food
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