A lot of people sometimes believe that it is so difficult to find a business opportunity that comes with a successful long-term prospects. But the truth is, there are so many business opportunities out there that people are unaware of and if you are looking to go into a business that will give you good returns on your investment, consider starting a rubber plantation business.
WRITE YOUR BUSINESS PLAN:
The market for this rubber plantation is very high, due to the huge industrial demand which is expected to keep the price of rubber high for years to come. Rubber will always be in demand because it is used for a wide range of industries and products. It is used to produce balloons, balls, cushions, crepe rubber footwears, automobile, for insulating and so many other products.
READ ALSO : How To Start A Lucrative Plantain Farm Business In Nigeria
We will show you tips on how to start a rubber plantation business and you can decide when to begin.
CARRY OUT A RESEARCH WORK:
Before deciding when to embark on this business journey, it is essential to get a research work done. The research will be able to equip you with the basic knowledge about rubber plantation, everything you need to know to make your startup stage less difficult.
A good business plan is a valuable asset in a business. Your business plan should have in details minimum of five year outlook on sales, product, current market need, competitive landscape, the industry trend, management team, location, financial cost and exist strategy - the total package. This details will enable potential rubber investors get a complete market analysis of the business.
Agriculture have remain the largest sector of the economy and a major source of income for a large number of the country's population - it will not be that difficult to generate the required funds needed to start this business. There are several means you can apply to get the funds you need.
* Micro-finance banks
* Angel investors
* BOI (bank of industry)
* Friends and family members
What this means is, getting the right farm land for your rubber plantation. But before securing any farm land, there are certain factors to consider ; geographical area, the soil type, transportation cost from the farm land to buyers and state of the road to the farm land.
READ ALSO: How To Start A Profitable Paw-paw Farming Business
START YOUR PLANTATION:
Once you are able to get the appropriate land space, the next step is to hire help hands to help clear the land and prepare it for farming. For proper growth, rubber needs a land drained soil of at least 1.3m. Soil that is rich in nitrogen with a trace of phosphorus and potassium and with temperatures between 25 - 40 or more. It takes about three to five year for a rubber tree to fully mature and be ready for harvesting (tapping).
The harvesting is done during the dry season and it mostly take place in the early hours of the day. An experience tapper can help you tap a tree every 30 second on a average farm land.
GET BUYERS FOR YOUR PRODUCT:.
Rubber is one of the most commonly used plant product in practically every industry. From the health industry to automobile, aviation and others. Manufacturing companies are mostly the major buyers of rubber product, as it is used to produce other products like, raincoats, car tires, rubber shoes, slippers, dish washer, condoms, rubber bands and a host of other different products. With this you are sure of a every ready market for your rubber product.