Page 4 - THE NOTICEBOARD AUGUST EDITION 61
P. 4
Page 4
August, 2020
Starting a Business?
CELEBRATING AN ENTREPRENEUR
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Contd from pg 3
the colony. Bee colonies interest is BEESWAX. investment horizon than
are obtained naturally Beeswax is a wax material traditional financing
through baiting and good p r o d u c e d f r o m t h e A l m o s t a l l v e n t u r e
h i v e m a n a g e m e n t honeybee's body. Most capitalists will, at a
practices. There is no people who keep bees minimum, want a seat on
expense (expenditure) in (especially in Africa) are the board of directors. So
feeding bees. Bees have unaware of the economic be prepared to give up
direct and absolute benefits of beeswax and some portion of both
access to the natural often throw it away after control and ownership of
vegetation in the area. A harvesting honey from bee your company in exchange
beekeeper does not need h i v e s . A l o t o f for funding.
to own land to realize a c r a f t s p e o p l e a n d Get a small business loan
cash crop from this rural manufacturers still spend If you want to retain
enterprise. The naturally- a lot of money importing complete control of your
available resources such beeswax which can be business, but don't have
as nectar and pollen are produced locally. enough funds to start,
free in the environment consider a small business
Surprisingly, beeswax has
for the bees. loan.
a much wider use than
Beehives can be placed in To increase your chances
honey. It is used in food
any location provided of securing a loan, you
processing industries as an
there are flowers for the should have a business
additive and a common
bees to pollinate. The plan, expense sheet, and
ingredient in chewing gum.
bees do not compete with financial projections for
It has much wider use in
any other agricultural the next five years. These
the skin care and cosmetic
enterprise for the nectar tools will give you an idea
industry where it has been
and pollen. It rather of how much you'll need to
f o u n d b e t t e r t h a n
enriches the biodiversity ask for, and will help the
petroleum jelly in making
of the environment. bank know they're making
products like lip balm, lip
Beekeeping has positive a smart choice by giving
gloss, hand creams,
ecological consequences. you a loan.
moisturizers, eye shadow,
Bees play an important Once you have your
blush and eye liners. It is
role in the pollination of materials ready, contact
also commonly used to
many flowering plants and banks and credit unions to
make shoe and furniture
crops, thus increasing the request a loan. You'll want
polish, and has been used
yield of many major food to compare offers to get
for centuries to make
crops. the best possible terms
candles.
Another product of for your loan.
