1.0 Executive Summary
Our cultivation of edible fungus will be located in city, Kuala Lumpur so that it saves transportation cost. We are the first and only in Malaysia market that cultivates edible black fungus. Low operation cost for cultivates fungus and can earn high profit. Nowadays, mushroom cultivation is growing rapidly in Malaysia because our country weather and environment is suitable. The Wood Ear mushroom have a very short life cycle, the first grow is 2 to 5 days then it could have 5 to 7 continuous cycle. We will complete the process of cultivation like heat treatment, spawning, and fruiting then it will be dehydration and packing into special quality polythene bags to keep the mushroom maintain their quality in order send to nationwide. The cultivation technologies available range from conventional sawdust logs to ensure the production of quality mushrooms. The start-up cost of Wood Ear fungus is low because if we decide produce subtract bag by ourselves the start up cost will be high. Hence, we decide to get subtract bag from suppliers. Our start-up capital total is RM 400,000. There is RM 100, 000 from each of the shareholders, RM 50, 000 loans from bank and another RM 50, 000 from government support. We will expect their growth plan steady revenue by estimate those asset, liabilities, equity, expenses throughout 2years to minimize the loss by financial projection.
Why mushroom cultivation are getting popular in Malaysia? There are over 2000 edible fleshy mushroom species worldwide and only about 100 are cultivated. The climate and temperature in Malaysia are suitable for several types of mushroom species to be grown or can be grown in Malaysia and dominant variety is grey oyster. Other species include white oyster, white, brown button, lingzhi for medicinal purpose and more. They are easy to grow and brimming with Vitamins B, minerals and protein. The shortest time between the process of spawning and harvesting is three weeks. Of course black fungus are included because based on the research about the climate and temperature to cultivate mushroom species, black fungus is the most suitable species to cultivate in Malaysia. According to the report provided by Mushroom association for Malaysia, it shown those mushroom growers in Malaysia are increasingly popularity within few year time from 2008. In Malaysia mushroom industry, the mushroom cultures are highly recommended to increase production line in Malaysia and fulfill consumer market in Malaysia.
3.0 Business Idea
Mushroom has been cultivated in Malaysia since early 1970s. The black fungus is the one of the species which dealt with Agrodok. The three species of mushroom in Agrodok can only deals with saprophytes mode of living. The scientific names of mushrooms are often used in this Agrodok, as they give rise to less confusion than colloquial names. For example, the name oyster mushroom applies to more than 20 different species, each with its own cultivation characteristics such as optimal temperature range, color and growth rate. (Peter Oei, Bram van Nieuwenhuijzen) The cultures of mushroom for common species which include the black fungus are gaining popularity in Asia. For example, the cultivation on medicinal mushroom is increasingly popular and large growing In China, Taiwan, and India, Philippine and other Western countries as well. It has potential opportunities due to the high nutritional values and profitable of the medicinal mushroom in low cost, short life cycle. Time between spawning and harvesting can be as short as three weeks. Furthermore, after the cultivation, you can still use the substrate as a good soil conditioner. (Peter Oei, Bram van Nieuwenhuijzen). This would be the reason enough for government to encourage its widespread cultivation. Our business idea is to take advantages on the black fungus culture and take place in the process of growing and manufacturing of the black fungus products. The both...
Please join StudyMode to read the full document