Project report for Coconut Oil Mill is as follows. An oil mill is a type of hammer mill used to crush or bruise oil-bearing seeds, such as flaxseed or groundnuts, or other oil-rich vegetable material, such as olives.
What is a coconut business model?
The business model is to sell coconut products, like oil and water, in bulk to companies that process the raw material and create a branded product for consumers. Annan-Forson says the company has managed to outcompete rivals in Thailand, Sri Lanka and Indonesia – big coconut producing countries.
How much did a coconut oil entrepreneur get paid?
The entrepreneur, who had only made coconut oil on a small scale, accepted the order and set about figuring out how to ramp up production. He was paid USD 35,000 upfront by the Israeli businessman to fast-track the process. “The man sent me the whole amount without even knowing if I was authentic or not.
How much did Annan-Forson get paid to make coconut oil?
Impressed with the quality of the oil, he asked Annan-Forson if he could manufacture six tonnes and send it to Israel. The entrepreneur, who had only made coconut oil on a small scale, accepted the order and set about figuring out how to ramp up production. He was paid USD 35,000 upfront by the Israeli businessman to fast-track the process.