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  • Yam Purchase and Storage Proposal

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    Ibrahim Safiya
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    Yam purchase and storage is a viable business opportunity that requires some initial capital and resources. The key steps are: 1) Purchasing yams between December and January when prices are reasonable. 2) Securing adequate storage space, either a small structure or large plot of land, with proper ventilation. 3) Obtaining necessary building materials, a truck for transportation, and initial yam stock. 4) Properly storing the yams so they last as long as possible with low risk of loss. Over time, the yams can be sold at a higher price for good returns on the investment.

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    YAM PURCHASE AND STORAGE PROPOSAL

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    Yam purchase and storage is a viable business opportunity that requires some initial capital and resources. The key steps are: 1) Purchasing yams between December and January when prices are reasonable. 2) Securing adequate storage space, either a small structure or large plot of land, with proper ventilation. 3) Obtaining necessary building materials, a truck for transportation, and initial yam stock. 4) Properly storing the yams so they last as long as possible with low risk of loss. Over time, the yams can be sold at a higher price for good returns on the investment.

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    © All Rights Reserved
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    3 views1 page

    Yam Purchase and Storage Proposal

    Uploaded by

    Ibrahim Safiya
    Yam purchase and storage is a viable business opportunity that requires some initial capital and resources. The key steps are: 1) Purchasing yams between December and January when prices are reasonable. 2) Securing adequate storage space, either a small structure or large plot of land, with proper ventilation. 3) Obtaining necessary building materials, a truck for transportation, and initial yam stock. 4) Properly storing the yams so they last as long as possible with low risk of loss. Over time, the yams can be sold at a higher price for good returns on the investment.

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    © All Rights Reserved
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    YAM PURCHASE AND STORAGE PROPOSAL

    Purchasing yams and getting it stored is no rocket science, with the right amount of capital a good storage
    space or piece of land also a proper storage this can be achieved efficiently. Yam purchase during the
    right time which is between (December and January) is very key because it makes it possible to purchase
    good yams also at reasonable prices, which would in turn increase with time and can be sold at a higher
    price than purchased due to demand and seasonal inflation. Note: this market never fluctuates.

    WHAT IS NEEDED TO BEGIN SAID BUSINESS; In order to get this done one must need the
    following to efficiently get said business on go! Such needs include
    1. Storage space: This includes a small space or a large piece of land where by a storage house could
    be built for storing yams. Depending on the capital at hand one could go for a smaller space or a
    large piece of land to build such storage. Although this storage house should be built in an airy
    area if it involves small spaces, unlike a reasonably sized piece of land where by there is enough
    space and which is properly ventilated as well.
    2. Materials to build yam storage: Materials needed for building a yam storage includes
     2 by 3 woods, quantity depends on the size of the storage
     Planks
     Dried grass(used to make huts)
     Ropes
     Padlocks and keys
    3. Truck: This is to be used to convey yams to the storage site and to the market as well when
    needed. Although it is not necessary to purchase a truck only if you have the means and the truck
    could also serve other purposes and generate in come in between.
    4. Capital: The capital needed for the said business is not too humongous to begin with, a reasonable
    amount should do for a start.
    5. Yams: purchasing of yams of as much quantity as the storage can take and as you can afford. And
    if you are buying hundred yams for example it is advisable to buy extra 20 tubers of yam to
    replace any one that gets bad and again you may not need to replace any one at all. This is done to
    keep tabs on your profit.
    In conclusion this business is an ideal business for anyone who wants to invest and get good returns and
    must be patient because it pays overtime. Also if properly stored there is very low risk of obtaining loss
    because yams are not perishable crops and can last for as long as possible if properly stored.

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