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How to Run Profitable FPO & FPC (Farmer Producer Company).

Top 10 Formula to Run Successful FPO & FPC (Farmer Producer Company). 'किसान कंपनी' फायदे में कैसे चलाये ? How to Run Profitable FPO & FPC (Farmer Producer Company). Instagram account-https://www.instagram.com/manmath.bir... YouTube-   • Видео   Facebook-  / manmath.biradar.3   Twitter-  / biradarmanmath   For More Info-https://bit.ly/3mxfcmB It is one type of PO where the members are farmers. Small Farmers’ Agribusiness Consortium (SFAC) is providing support for the promotion of FPOs. PO is a generic name for an organization of producers of any produce, e.g., agricultural, non-farm products, artisan products, etc. What are the important activities of a FPO? The primary producers have skill and expertise in producing. However, they generally need support for marketing of what they produce. The PO will basically bridge this gap. The PO will take over the responsibility of any one or more activities in the value chain of the produce right from procurement of raw material to delivery of the final product at the ultimate consumers’ doorstep. In brief, the PO could undertake the following activities: a. Procurement of inputs b. Disseminating market information c. Dissemination of technology and innovations d. Facilitating finance for inputs e. Aggregation and storage of produce f. Primary processing like drying, cleaning and grading g. Brand building, Packaging, Labeling and Standardization h. Quality control i. Marketing to institutional buyers j. Participation in commodity exchanges 1 What is the concept of value chain development? Value chain comprises all the activities at different yet interlinked stages that add value to a particular product through the different phases of production, including procurement of raw materials and other inputs. Usually, there are many actors along the value chain for producing, transforming/processing and bringing goods and services to end-consumers through a series of sequential activities. When the produce originates from agriculture, we call it an agricultural value chain. 7.4 What is a business plan? Business plan is a succinct document that specifies the components of a strategy with regard to the business mission, external and internal environments and problems identified in earlier analysis. A business plan is not written each time a modification to a strategy is made. It should be written when a new venture is developed or a major new initiative is launched. Sincere contemplation is needed about the business concept, the business opportunity, the competitive landscape, the essential elements for success, and the people who will be involved. The exercise will often lead to more questions, and these new questions must be properly researched to gain deep insight into the issues and challenges that lie ahead. In short, the business plan must contain answers to the questions “Who/What/Where/When/Why/How/How Much”. 7.5 What is business planning? The business planning process starts with Generation of Business Ideas, followed by Opportunities & Threats Analysis leading to Identification of suitable Business Opportunities. Once Business Opportunity is identified, a Marketing Plan is prepared. The final part of the process deals with the Financial Plan. Business Ideas Generation Short-listing Business Ideas Opportunities/Threats Analysis Business Opportunities Identification & Selection Market Plan Financial Plan 7.6 Why should a PO prepare a business plan? Every business irrespective of size needs planning. Business planning is essential for growth and sustainability. It provides broad ideas to meet the expected and unexpected opportunities and obstacles the future holds. In case of a PO, it is all the more essential since most of the members will be acting as businessmen for the first time. A business plan helps the PO in the following ways: a. It helps in examining viability of the venture in a particular market. b. It provides guidance to the PO for organising and planning activities. c. It serves as an important tool in accessing finance/funding. If the financier is comfortable with the business plan, the PO will be asked to prepare a Detailed Project Report (DPR). 7.7 What are the elements of a business plan? The business plan provides broad parameters for achieving the goals of the PO. A typical business plan will contain the following: a. Executive summary 44 b. Business Description c. Industry/Sector analysis d. Marketing plan e. Operations plan f. Financial plan 7.8 What is included in an executive summary? The executive summary is an abstract containing the important points of the business plan. The executive summary should describe the following: a. The industry and market environment in which the opportunity will develop and flourish b. The special and unique business opportunity—the problem the product or service will be solving

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