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Five steps for oil extraction machine business starting

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Oct 18, 2016 8:53 am

Five steps for OIL EXTRACTION MACHINE business starting:

Oil extraction machine business Step 1: Conduct research on the requirements of a vegetable oil extraction machine business in terms of capital, market size and trends, competition and further insights on the business.

Oil extraction machine business step 2
Make an oil extraction machine 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 oil extraction machine business and its requirements; for example, as of the year 2011 an olive oil processing machine, which can process 350 to 600 lbs. of olive seeds, costs approximately $60,000. Consider transportation costs of the vegetables unless you own a vegetable farm, extraction costs and testing procedures before sale.

Oil extraction machine business step 3
Conduct an online search on the laws in your state regarding vegetable oil extraction machine 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 oil extraction machine business; the department charges a fee for the license and permit. Register your oil extraction machine business name with the department.

Oil extraction machine business step 4
Select the location of the oil extraction machine; 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.

Oil extraction machine business step 5
Advertise job vacancies for employees experienced in the oil extraction machine process through the media and select your preferred candidates. Market your oil extraction machine business through the media or personal representatives by visiting your target group, such as restaurants and manufacturing companies to attain your clientele base.