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RE: SEC-S20W2 | My Business Ideas |Capital Management
I understand your business idea and your choice of capital. I never knew that palm oil business is this profitable. But in all capital is really important, is good you used your savings to to begin your business then as it grows, you repurchase to expand your business.
Getting loan this days is really challenging, some places their criteria is to much but we go survive.
Thank you for inviting, I wish you success 👍
Thank you very much for stopping by. The oil business is lucrative, but very lucrative if you process it yourself. If you can not process it, then purchase the oil between November and May, then sell it between July and August, and you will make a profit. The reason is, that palm trees bear much from between November-May, and supply will be higher than demand and price would be affected, and between June- September, it doesn't bear much fruit, which means demand would be higher than supply and the oil price would be higher, then you sell the oil you stored.
Oh that's really interesting, I wish you success in all your business
Thank you very much.