Business Overview

Businesses in the cassava farming industry primarily grow different species of cassava for
different purposes. As a matter of fact, worldwide, 800 million people depend on cassava as their
primary food staple especially in Sub – Saharan Africa, South America and some parts of Asia.

Cassava is known to be the third-largest source of food carbohydrates in the tropics, after rice
and maize. Cassava is indeed a major staple food in Africa, providing basic food for over five
million people. It is one of the most drought-tolerant crops, capable of growing on marginal
soils. Nigeria is the world’s largest producer of cassava, while Thailand is the largest exporter of
dried cassava.

Cassava is extensively cultivated as an annual crop in tropical and subtropical regions for its
edible starchy tuberous root, a major source of carbohydrates. Although it is often called yucca
in Spanish and in the United States, it is important to state that it differs from the yucca, an
unrelated fruit-bearing shrub in the Asparagaceae family.

The Cassava Farming Industry is indeed a very large industry and pretty much thriving in
countries such as Nigeria, Thailand, Brazil, Indonesia and Republic of the Congo et al. In 2014,
global production of cassava root was 268 million tones, with Nigeria as the world’s largest
producer of nearly 55 million tones or 21 percent of the world total.

As a matter of fact, with the recent advancement in technology, farmers can now comfortably
grow crops such as cassava in a country where such crops can hardly survive.

One thing is certain when it comes to commercial cassava farming, if you are able to conduct
your market research and feasibility studies before choosing a location for cultivating your
cassava, you are more likely not going to struggle to grow the cassava and also to sell your
cassava because there are always food processing companies, laundry starch production
companies, biofuel production companies, pharmaceutical companies and consumers out there
who are ready to buy from you.

Lastly, with commercial cassava farming in the United States, it will pay you not to only
cultivate cassava and sell them to manufacturing companies that depend on cassava as a major
raw material. You can as well start a complimentary business like cassava processing plant;
producing and packaging laundry starch, animal feed or any other product that can be gotten
from cassava. The bottom line is that if you have enough farm land (space) and you are
interested in maximizing commercial cassava farming, you are sure going to make huge profits
from the business.

Cassava Farming Business Plan – Executive Summary

Akin Williams® Cassava Farms, Inc. is a registered commercial farm that will be based in the
outskirts of Dallas, Texas – United States. We have done our detailed market research and
feasibility studies and we were able to secure a well – situated and suitable farm land to start our
commercial cassava farm.
Our commercial cassava farm is going to be a standard farm hence will be involved in both
commercial cassava cultivation, laundry starch and animal feed production. We will be involved
in both organic commercial cassava farming and non – organic commercial cassava farming.

We have put plans in place that will help us launch a standard and world-class cassava
processing plant within the first three years of officially running Akin Williams® Cassava
Farms, Inc. We will produce laundry starch and animal feeds and ensure that they flood the
market both in the United States and in other countries of the world.

We want to compete with the best in the industry, which is why aside from the fact that we have
secured the required farm land and most of the farming equipment and machines, we have also
hired some key employees who are currently undergoing training so as to fit into the ideal picture
of the 21st century commercial cassava farm workforce that we want to build.

We are in the commercial cassava farming business because we want to leverage on the vast
opportunities available in the commercial farming industry to contribute our quota in growing
the U.S. economy, in national food production, raw materials production for industries, to export
agriculture produce from the United States to other countries and over and above to make profit.

Akin Williams® Cassava Farms, Inc. is well positioned to become one of the leading
commercial cassava farms in the United States of America, which is why we have been able to
source for the best hands and farm machineries to run the farm with.

We have put process and strategies in place that will help us employ best practices when it
comes to commercial cassava farming processes and laundry starch and animal feeds production
as required by the regulating bodies in the United States of America.

Akin Williams® Cassava Farms, Inc. is a family business that is owned by Mr. Akin Williams
and his immediate family members. The farm cum business will be fully and single handedly
financed by Akin Williams and his immediate family members. Before starting Akin Williams®
Cassava Farms, Inc., Akin Williams has worked with some of the leading commercial farms and
laundry starch production plants in the United States of America; he has a degree (B.Sc.) in
Agricultural Science from A & M University Texas.

 Our Services

Akin Williams® Cassava Farms, Inc. is a world class commercial farm that is committed to
cultivating organic and non – organic cassava for both the United States’ and the global market.
We are in business to produce both food and raw materials for people and industries in
commercial quantities. We will also ensure that we operate a standard cassava processing and
packaging plant (laundry starch and animal feed production) as part of our complimentary
business.

We are in this line of business to make profits, and we will ensure that we do all that is allowed
by the law of the United States of America to achieve our business goals and objectives. These
are the areas we will concentrate on in our commercial cassava farms. If need arises we will
definitely cultivate related crops;

 Cultivation of numerous cassava varieties (organic and non – organic)

 Production of laundry starch and animal feeds

Our Vision Statement

Our Vision is to become one of the leading commercial cassava farms and laundry starch and
animal feed production brand not just in the United States of America but also on the global
stage.

 Our Mission Statement

Akin Williams® Cassava Farms, Inc. is a world class commercial cassava farm that is in
business to cultivate cassava in commercial quantities, and produce laundry starch and animal
feed for both the United States and the international market. We want our well – packaged
laundry starch and animal feed to flood every nooks and crannies of the United States and other
countries of the world.

 Our Business Structure

Akin Williams® Cassava Farms, Inc. is a commercial cassava farm that intends starting small in
Dallas – Texas, but hopes to grow big in order to compete favorably with leading commercial
cassava farms in the commercial farming industry both in the United States and on a global
stage.

We are aware of the importance of building a solid business structure that can support the picture
of the kind of world class business we want to own. This is why we are committed to only hire
the best hands in and around Texas.

At Akin Williams® Cassava Farms, Inc., we will ensure that we hire people that are qualified,
hardworking, dedicated, customer centric and are ready to work to help us build a prosperous
business that will benefit all the stakeholders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior
management staff and it will be based on their performance for a period of five years or more as
agreed by the management of the farm. In view of the above, Akin Williams® Cassava Farms,
Inc. have decided to hire qualified and competent hands to occupy the following positions;

 Chief Operating Officer

 General Farm Manager
 Administrator/Accountant
 Cassava Cultivation Manager/Supervisor
 Laundry Starch and Animal Feeds Production Plant Manager
 Sales and Marketing Executive
  Field Employees
 Front Desk Officer

Roles and Responsibilities

Chief Operating Officer:

 Increases management’s effectiveness by recruiting, selecting, orienting, training,

coaching, counseling, and disciplining managers; communicating values, strategies, and
objectives; assigning accountabilities; planning, monitoring, and appraising job results;
developing incentives; developing a climate for offering information and opinions;
providing educational opportunities
 Creates, communicates, and implements the organization’s vision, mission, and overall
direction – i.e. leading the development and implementation of the overall organization’s
strategy
 Responsible for fixing prices and signing business deals
 Responsible for providing direction for the business
 Responsible for signing checks and documents on behalf of the company
 Evaluates the success of the organization

General Farm Manager

 Responsible for the planning, management and coordinating all farm activities across the
various sections on behalf of the organization
 Supervises other section managers (cassava cultivation manager, laundry starch and
animal feed production manager)
 Ensures compliance during project executions
 Provides advice on the management of farming activities across all section
 Responsible for carrying out risk assessment
 Uses IT systems and software to keep track of people and progress of the growth of crops
(cassava)
 Responsible for overseeing the accounting, costing and sale of farm produce after harvest
 Represents the organization’s interest at various stakeholders’ meetings
 Ensures that farming goals desired result are achieved, the most efficient resources
(manpower, equipment, tools and chemicals et al) are utilized and different interests
involved are satisfied. Responsible for preparing financial reports, budgets, and financial
statements for the organization
 Responsible for overseeing the smooth running of HR and administrative tasks for the
organization
 Handles all financial transactions for the company
 Defines job positions for recruitment and managing interviewing process
 Carries out staff induction for new team members
 Responsible for training, evaluation and assessment of employees
 Oversees the smooth running of the daily farming activities across the various farming
sections
Administrator/Accountant

 Responsible for overseeing the smooth running of HR and administrative tasks for the
organization
 Defines job positions for recruitment and managing interviewing process
 Carries out staff induction for new team members
 Responsible for training, evaluation and assessment of employees
 Responsible for preparing financial reports, budgets, and financial statements for the
organization
 Responsible for financial forecasting and risks analysis
 Responsible for developing and managing financial systems and policies
 Responsible for administering payrolls
 Ensures compliance with taxation legislation
 Handles all financial transactions for the farm
 Serves as internal auditor for the farm

Cassava Cultivation Manager/Supervisor

 Responsible for managing the cassava cultivation section of the commercial cassava farm
 Supervises other workers within the department
 Works closely with the General Manager to achieve the organizations’ goals and
objectives

Laundry Starch and Animal Feed Production Manager/Supervisor

 Responsible for managing the laundry starch and animal feed production section of the
commercial farm
 Supervises other workers within the department
 Works closely with the General Manager to achieve the organizations’ goals and
objectives

Sales and Marketing Officer

 Identify, prioritize, and reach out to new partners, and business opportunities et al
 Identifies development opportunities; follows up on development leads and contacts;
participates in the structuring and financing of projects; assures the completion of
relevant projects
 Writes winning proposal documents, negotiate fees and rates in line with company policy
 Responsible for handling business research, makes surveys and feasibility studies for
clients
 Responsible for supervising implementation, advocate for the customer’s needs, and
communicate with clients
 Develops, executes and evaluates new plans for expanding increase sales
 Documents all customer contact and information
 Represents the company in strategic meetings
 Helps to increase sales and growth for the farm
Field Workers/Contract Staff

 Responsible for preparing farm land for cassava cultivation

 Responsible for watering the crop
 Weeding, fertilizer and pest control application
 Handles farm implements and machines as instructed by the section manager/supervisor
 Assists in handling the harvest of cassava
 Carries out tasks in line with the stated job description
 Assist in transport working tools and equipment from the farm and back to the designated
store room
 Handle any other duties as assigned by the line manager

Client Service Executive/Front Desk Officer

 Welcomes guests and clients to the farm by greeting them in person or on the telephone;
answering or directing inquiries
 Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the
client with a personalized customer service experience of the highest level
 Through interaction with clients on the phone, uses every opportunity to build client’s
interest in the company’s products and services
 Manages administrative duties assigned by the manager in an effective and timely
manner
 Consistently stays abreast of any new information on the company’s products,
promotional campaigns etc. to ensure accurate and helpful information is supplied to
clients
 Receives parcels/documents for Akin Williams® Cassava Farms, Inc.
 Distributes mails in Akin Williams® Cassava Farms, Inc.
 Handles any other duties as assigned by the line manager

Cassava Farming Business Plan – SWOT Analysis

Akin Williams® Cassava Farms, Inc. do not intend to launch out with trial and error hence the
need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we
would have succeeded in creating the foundation that will help us build a standard cassava farm
that will favorably compete with leading commercial cassava farms in the United States of
America.

We are quite aware that there are several large, medium and small scale cassava farms, laundry
starch and animal feeds production companies all over Dallas – Texas and even in the same
location where we intend locating ours, which is why we are following the due process of
establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to
position our business to maximize our strength, leverage on the opportunities that will be
available to us, mitigate our risks and be welled equipped to confront our threats.
Akin Williams® Cassava Farms, Inc. employed the services of an expert HR and Business
Analyst with bias in the commercial farming industry to help us conduct a thorough SWOT
analysis and to help us create a business model that will help us achieve our business goals and
objectives.

Here is a summary from the result of the SWOT analysis that was conducted on behalf of Akin
Williams® Cassava Farms, Inc.;

 Strength:

Our strength as a commercial cassava farm is the fact that we have healthy relationships with
loads of major players (agriculture merchants and manufacturing companies who deal in
cassava) in the commercial farms industry; both suppliers and buyers within and outside of the
United States.

We have some of the latest commercial farming machines, tools and cassava processing
equipment that will help us cultivate cassava in commercial quantities with less stress. Aside
from our relationship (network) and equipment, we can confidently boast that we have some the
most experienced hands in Dallas – Texas in our payroll.

 Weakness:

Our weakness could be that we are a new commercial cassava farm in the United States, and
perhaps the fact that cassava farming is not a popular venture in the US. We are aware of this and
from our projection will overcome this weakness with time and turn it to a major advantage for
the business which is why we are into laundry starch and animal feed production.

 Opportunities:

The opportunities that are available to us cannot be quantified; we know that there are loads of
individuals who consume organic and non – organic cassava in different forms both in the
United States of America and other parts of the world.

We will ensure that we maximize the opportunities available to commercial cassava farmers. We
will ensure that we create business structure and frameworks that will enable us go into biofuel
production and the production of other alcoholic beverages from our cassava.

 Threat:

Some of the threats and challenges that we are likely going to face when we start our own
commercial cassava farm are global economic downturn that can impact negatively on household
spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government
policies and the arrival of a competitor (a commercial farm that cultivates same crop – cassava)
within same location. There is hardly anything you can do as regards these threats and challenges
other than to be optimistic that things will continue to work for your good.
Cassava Farming Business Plan – MARKET ANALYSIS

 Market Trends

One of the common trends in the commercial cassava farming line of business is that most
players in the industry are no longer concentrating only on non – organic cassava farming. They
now find it easier to run both organic cassava cultivation and non – organic cassava cultivation.
It is a fact that despite that organic food is expensive, the sale is on the increase and it is indeed
profitable.

Despite the fact that commercial cassava farming has been in existence since time
immemorial, it does not in any way make the industry to be over saturated; commercial cassava
farmers are exploring new technology to continue to improve cassava cultivation, preservation
and processing processes; mechanized farming has indeed increased the tons of food produced
by farmers. The fact that there is always a ready market for cassava makes the business highly
profitable.

Lastly, it is a common trend to find standard commercial cassava farmers in the United States
run a cassava processing plant business alongside their farm. It is a means of maximizing profit
in the business.

 Our Target Market

It is a known fact that the end consumers of cassava and those who benefit from the business
value chain of commercial cassava farming is all encompassing.

Almost every household makes use of products from cassava or consumes cassava in different
forms. In essence, a commercial cassava farmer should be able to sell his or her farm produce to
as many people as possible including laundries, alcoholic beverage production companies,
laundry starch production companies, livestock farmers and other production companies that
make use of cassava as raw materials.

We will ensure that we position our business to attract consumers of cassava and production
plants that rely on cassava as raw materials not just in the United States of America alone but
also other parts of the world which is why we will be exporting some of our farm produce either
in raw or processed form to other countries of the world.

 Our Competitive Advantage

The truth is that it is easier to find entrepreneurs flocking towards an industry that is known to
generate consistent income which is why there are more commercial farmers in the United States
of America and of course in most parts of the world.

Akin Williams® Cassava Farms, Inc. is fully aware that there are competitions when it comes to
selling commercial farm produce including cassava all over the globe, which is why we decided
to carry out thorough research so as to know how to take advantage of the available market in the
United States and in other parts of the world.

We have done our homework and we have been able to highlight some factors that will give us
competitive advantage in the marketplace; some of the factors are effective and reliable cassava
farming processes that can help us sell our produce at competitive prices, good network and
excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have
designed our business in such a way that we will operate an all – round standard commercial
cassava farm that will also include cassava processing plant (laundry starch and animal feeds
production). With this, we will be able to take advantage of all the available opportunities within
the industry.

Lastly, our employees will be well taken care of, and their welfare package will be among the
best within our category (start – ups commercial cassava farms) in the industry meaning that they
will be more than willing to build the business with us and help deliver our set goals and achieve
all our aims and objectives.

Cassava Farming Business Plan – SALES AND MARKETING STRATEGY

We are quite aware that the reason why some commercial cassava farms hardly make good profit
is their inability to sell off their cassava as at when due. In view of that, we decided to set up a
standard cassava processing plant to help us maximize profits.

Our sales and marketing team will be recruited based on their vast experience in the industry and
they will be trained on a regular basis so as to be well equipped to meet their targets and the
overall goal of the organization. We want to build a standard and world – class cassava farm that
will leverage on word of mouth advertisement from satisfied clients (both individuals and
businesses).

Over and above, we have perfected our sale and marketing strategies first by networking with
agriculture merchants and companies that rely on cassava as their major raw materials.

In summary, Akin Williams® Cassava Farms, Inc. will adopt the following strategies in
marketing our cassava;

 Introduce our business by sending introductory letters alongside our brochure to

stakeholders in the agriculture industry, livestock farms and production companies that
rely on supply of cassava as raw materials and cassava processing plants et al.
 Advertise our business in agriculture and food related magazines and websites
 List our commercial cassava farms on yellow pages ads
 Attend related agriculture and food expos, seminars, and business fairs et al
 Leverage on the internet to promote our business
 Engage in direct marketing
 Encourage the use of word of mouth marketing (referrals)
Sources of Income

Akin Williams® Cassava Farms, Inc. is in the commercial farming business for the purpose of
maximizing profit hence we have decided to explore all the available opportunities within the
industry to achieve our corporate goals and objectives. In essence we are not going to rely only
on the sale of our farm produce to generate income for the business.

Below are the sources we intend exploring to generate income for Akin Williams® Cassava
Farms, Inc.;

 Cultivation of various species of cassava (both organic and non – organic)

 Production and sale of laundry starch and animal feeds

Sales Forecast

We conducted a thorough market survey and feasibility studies and we were able to discover that
the sales generated by a commercial farm depends on the size of the farm and the nature of the
commercial farm (whether cattle rearing, poultry farming, fish farming, crop cultivation et al).

We have perfected our sales and marketing strategies and we are quite optimistic that we will
meet or even surpass our set sales target of generating enough income/profits from the first year
of operation and build the business from survival to sustainability.

We have been able to critically examine the agriculture industry cum commercial cassava farm
line business, we have analyzed our chances in the industry and we have been able to come up
with the following sales forecast.

 First Fiscal Year-: $200,000

 Second Fiscal Year-: $400,000
 Third Fiscal Year-: $750,000

N.B: This projection was done based on what is obtainable in the industry and with the
assumption that there won’t be any major economic meltdown that can impact negatively on
household spending, bad weather cum natural disasters (droughts, epidemics), and unfavorable
government policies.

 Our Pricing Strategy

If you want to get the right pricing for your farm produce, then you should ensure that you
choose a good location for your commercial farm, choose a good breed that will guarantee
bountiful harvest, cut the cost of running your farm to the barest minimum and of course try as
much as possible to attract buyers to your farm as against taking your farm produce to the market
to source for buyers; with this, you would have successfully eliminated the cost of transporting
your harvest to the market and other logistics.
We are quite aware that one of the easiest means of penetrating the market and acquiring loads of
customers for our cassava, laundry starch and animal feeds is to sell them at competitive prices
hence we will do all we can to ensure that the prices of our cassava are going to be what other
commercial cassava farmers would look towards beating.

One thing is certain, the nature of commercial farming makes it possible for farmers to place
prices for their farm produce based on their discretion without following the benchmark in the
industry. The truth is that it is one of the means of avoiding running into a loss. The easier you
sell off your harvested cassava, the better for your business.

 Payment Options

The payment policy adopted by Akin Williams® Cassava Farms, Inc. is all inclusive because we
are quite aware that different customers prefer different payment options as it suits them but at
the same time, we will ensure that we abide by the financial rules and regulation of the United
States of America.

Here are the payment options that Akin Williams® Cassava Farms, Inc. will make available to
her clients;

 Payment via bank transfer

 Payment with cash
 Payment via online bank transfer
 Payment via check
 Payment via Point of Sale Machines (POS Machines)
 Payment via mobile money transfer
 Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make
payment for farm produce purchased without any stress on their part. Our bank account numbers
will be made available on our website and promotional materials to clients who may want to
deposit cash or make online transfers for our cassava.

Cassava Farming Business Plan – Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating
from must be ready and willing to utilize every available means (both conventional and non –
conventional means) to advertise and promote the business. We intend growing our business
which is why we have perfected plans to build our brand via every available means.

Below are the platforms we will leverage on to boost our commercial cassava farm brand and to
promote and advertise our business;

 Place adverts on both print (newspapers and magazines) and electronic media platforms
 Sponsor relevant community based events/programs
  Leverage on the internet and social media platforms like; Instagram, Facebook, twitter,
YouTube, Google + et al to promote our business
 Install our billboards on strategic locations all around Dallas – Texas
 Engage in roadshows from time to time in targeted neighborhoods
 Distribute our fliers and handbills in target areas
 Contact laundries, livestock farms and production companies that rely on supply of
cassava as raw materials, agriculture produce merchants and residents in our target areas
by calling them up and informing them of Akin Williams® Cassava Farms, Inc. and the
farm produce we sell
 List our commercial cassava farms in local directories/yellow pages
 Advertise our commercial cassava farms in our official website and employ strategies
that will help us pull traffic to the site
 Ensure that all our staff members wear our branded shirts and all our vehicles and trucks
are well branded with our company logo et al.

Cassava Farming Business Plan – Financial Projections and Costing

When it comes to calculating the cost of starting a commercial cassava farm with a cassava
processing plant, there are some key factors that should serve as a guide. Factor such as the
capacity of cassava processing plant you want to own, the product you want to produce and the
size of the commercial cassava farm.

Besides, in setting up any business, the amount or cost will depend on the approach and scale
you want to undertake. If you intend to start a world – class commercial farm, then you would
need a good amount of capital as you would need to ensure that your employees are well taken
care of, and that your farm is conducive enough for workers to be creative and productive.

Below are some of the basic areas we will spend our start – up capital in setting up our
commercial cassava farm;

 The total fee for incorporating the business in United States of America – $750
 The total cost for payment of insurance policy covers (general liability, workers’
compensation and property casualty) at a total premium – $9,400
 The amount needed to acquire/lease a farm land – $50,000
 The amount required for preparing the farm land – $70,000
 The cost for acquiring the required working tools and equipment/machines/fencing et al –
$10,000
 The amount required for purchase of the first set of cassava seedlings et al – $50,000
 The amount required to set up a standard cassava processing plant within the farm facility
– $100,000
 Operational cost for the first 3 months (salaries of employees, payments of bills et al) –
$40,000
 The cost of launching an official website – $600
 The amount required for payment of workers for a period of 3 months – $100,000
 Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000
Going by the report from the detailed research and feasibility studies conducted, we will need an
average of $500,000 to start a standard commercial cassava farm with cassava processing plant
business in the United States of America. These are some of the equipment that we will need to
fully launch our commercial cassava farm,

 Tractor
 Soil cultivator
 Plough
 Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
 Stone / Rock / Debris removal implement (e.g. Destoner, Rock windrower / rock rake,
Stone picker / picker)
 Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
 Planter
 Plastic mulch layer
 Transplanter
 Sprinkler system irrigation
 Mower
 Sickle
 Wheel Barrow
 Truck

Generating Funds/Startup Capital for Akin Williams® Cassava Farms, Inc.

Akin Williams® Cassava Farms, Inc.  is a family business that will be owned and managed by
Akin Williams and his immediate family members. They are the sole financiers of the business,
but may likely welcome other partners later which is why they decided to restrict the sourcing of
the start – up capital for the business to just three major sources.

These are the areas where we intend sourcing for fund for Akin Williams® Cassava Farms, Inc.;

 Generate part of the start – up capital from personal savings and sale of stocks
 Generate part of the start – up capital from friends and other extended family members
 Generate a larger chunk of the startup capital from the bank (loan facility)

N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan
from family members $20,000) and we are at the final stages of obtaining a loan facility of
$400,000 from our bank. All the papers and documents have been duly signed and submitted, the
loan has been approved and any moment from now our account will be credited.

CASSAVA FARMING BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and
competence of their employees, their investment strategy and the business structure. If all of
these factors are missing from a business (company), then it won’t be too long before the
business closes shop.
One of our major goals of starting Akin Williams® Cassava Farms, Inc. is to build a business
that will survive off its own cash flow without injecting finance from external sources once the
business is officially running. We know that one of the ways of gaining approval and winning
customers over is to sell our farm produce (organic and non – organic cassava and even
processed and packaged laundry starch and animal feeds) a little bit cheaper than what is
obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Akin Williams® Cassava Farms, Inc. will make sure that the right foundation, structures and
processes are put in place to ensure that our staff welfare are well taken of. Our organization’s
corporate culture is designed to drive our business to greater heights and training and re –
training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management
staff and it will be based on their performance for a period of five years or more as determined
by the management of the organization. We know that if this is put in place, we will be able to
successfully hire and retain the best hands we can get in the industry; they will be more
committed to help us build the business of our dreams.

Check List/Milestone

 Business Name Availability Check: Completed

 Business Incorporation: Completed
 Opening of Corporate Bank Accounts in various banks in the United States: Completed
 Opening Online Payment Platforms: Completed
 Application and Obtaining Tax Payer’s ID: In Progress
 Application for business license and permit: Completed
 Purchase of All forms of Insurance for the Business: Completed
 Leasing of farm land in Dallas – Texas and preparing the farm land: Completed
 Conducting Feasibility Studies: Completed
 Start – up Capital Generation: Completed
 Writing of Business Plan: Completed
 Drafting of Employee’s Handbook: Completed
 Design of The Company’s Logo: Completed
 Graphic Designs and Printing of Packaging, Marketing/Promotional Materials:
Completed
 Recruitment of employees: In Progress
 Purchase of the needed working tools, machines and equipment: Completed
 Creating Official Website for the Company: In Progress
 Creating Awareness for the business (Business PR): In Progress
 Farm land Treatment, Health and Safety Arrangement: In Progress
 Establishing business relationship with vendors and key players in the industry
(agriculture farm produce merchants, production companies that rely on supply of
cassava as raw materials, fertilizer suppliers and transporter/haulage companies et al):
Completed