Thursday, July 19, 2007

Food Processing and Entrepreneurship

Food Processing as an industry is signified by few factors:

1. Medium to High Capital Investment
2. Robust procurement channel
3. Sufficient and efficient storage
4. High tech and technically proficient processing technique
5. Sufficiently advanced machinary
6. Forward market linkage
7. Economies of scale
8. Sufficient points of sale

As an entrepreneur with low capital support, it is difficult to have any of these conditions fulfilled right at the start.

Does it mean no start ups will be seen in food processing industry? No, not at all. It only indicates possibilities (and hence opportunities). Each of above stated factors are so independent and viable as business activity that they can actually be taken up by the entrepreneurs independently based upon their skill set and capital available. Once one stage is perfected, the enrepreneur will move upward or downward in value chain.

2 comments:

Andy said...

Huh? Is there context to this post?

Kumar Anshul said...

Hope you got an answer in my next blog.