On a sunny day in Ghana, nothing gives you new energy than coconut water, so in this business guide, we will show you how to start a Coconut business in Ghana, given its high demand.
Coconut has always been in high demand due to its nutritious content and the health benefits it comes along with.
Have you thought of how to start a coconut business in Ghana?
Maybe the coconut business was suggested to you, and you want more information on how to start.
You find yourself at the right place because this guide will help you start your coconut business in Ghana.
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Coconut Business In Ghana
Coconut consumption in Ghana has been on the rise due to the health benefits that come along with drinking coconut water and the consumption of coconut kernel.
Since coconut has a high demand for consumption, investors need to make it available on the market for easy purchasing and consumption.
Many farmers are channeling into the production of coconut due to the higher demand for the product.
These farmers are mostly found in rural areas, where farms are constructed on a large scale.
Measures To Consider Before Starting A Coconut Business In Ghana
There many measures to consider before setting up your coconut business. Some of the measures include;
⦁ The choice of location for your business – your coconut business should always be located near busy areas where people are always passing.
Such places include; bus stops, markets, commercial areas, school campuses, bus stations, near road traffics, and many more.
Also, ensure that your business location is visible and easily accessible to consumers.
⦁ Locate coconut farmers who have the product available for the market – always try to contact as many farmers as possible.
That is because it will help you always to get the product to market. When people trust your delivery, knowing that they can patronize you will always help your business flourish.
⦁ Find people capable of climbing the coconut palm – these people are the best to pluck down all the coconut that is ready for the market.
⦁ Find a transport vehicle – a vehicle that can convey all the coconut to your business location.
What Is The Cost Of Starting A Coconut Business In Ghana
The cost of starting a coconut business depends on the capital you have at your disposal as an investor.
This business can be established with as little as 100 Ghana cedis. Suppose your budget for the coconut business establishment in Ghana is low.
In that case, you’ll have to consider taking a small quantity of coconut to the nearby preferred location, and you can increase the quantity as your business start booming.
Equipment Required To Be Made Available For Starting The Ghana
To easily establish a coconut business in Ghana, some items or equipment are to be provided to help in servicing customers to their satisfaction.
Some of this equipments and items include:
⦁ Coconut truck
⦁ Short cutlass
⦁ Wooden board
⦁ Packaging bag
⦁ Drinking straw
How Profitable Is Coconut Business In Ghana
The coconut business is a very profitable venture to invest in. This is because of the health benefits and the nourishment that comes with the consumption of coconut fruit.
Due to its natural state and high demand, the price of coconut is on the rise, and an investor can make about 40% profit.
Best Areas To Start Your Coconut Business In Ghana
Coconut business in Ghana can be established anywhere, in rich neighborhoods, middle-class communities, and poor communities. This is because it is affordable.
But there are better locations to start your coconut business in Ghana which will help boost your profit, and these areas include;
⦁ Bus stops
⦁ Commercial areas
⦁ Parks and recreational centers
⦁ School campus
⦁ Church premises
⦁ Near road traffics
Always remember that areas where people always gather or busy roads and joints are the best places to set up your coconut business in Ghana.
How To Establish A Successful Coconut Business In Ghana
To make your Coconut business in Ghana successful, here are the things you must do:
1. A good customer relationship should be established – try to smile and entertain customers, which will make them always want to patronize you.
2. Set goals and target for yourself – this will help you expand your business
3. Always clean your business vicinity – collect all the trash and dump it out to create a clean environment to attract more customers.
4. You should look presentable – your coconut business is your office. Therefore you should look clean and presentable. That will attract more customers to your business.
Challenges Faced By Running A Coconut Business
Coconut business investors face some challenges in running their business, and some of these challenges include:
⦁ Since coconut farmers are mostly found in rural areas, the transportation fee conveying goods to the market is costly.
Therefore this factor has caused the increase in the price of coconut on the market.
⦁ Coconut business owners find it difficult to find a place to dispose of refuse after a day’s work is over.
Many have to pay for transport vehicles to convey refuse to disposal areas.
The Benefits Of Setting The Enterprise
Setting up a coconut business in Ghana is a very lucrative business, and it will be advisable if you consider establishing one for yourself.
This is a business that people don’t pay much attention to, but the profit made out of it when handled well is much appreciating.
That is all the required information we have for you now on how to start a coconut business in Ghana.