You need money for various things, including business premises, equipment, raw materials, and staff. If you have done some bit of research about this business, you already know that you need machines (for the different stages of production) to ensure faster production. Consider choosing your machines carefully to avoid unnecessary costs of repair and maintenance which can affect the profitability of your firm. If finances allow, go for high-quality equipment. Part of the capital also goes to insurance, business registration, agency fee among many others.   Put into account money for paying your employees. Supposing you will be working as the manager, you will need other workers such as a technical assistant, storekeeper, production workers, quality control officer, salespeople, security officer and perhaps an administrative assistant. On average, you will need 10 members of staff, depending on the size of your business.   Palm kernel oil refining business is capital intensive, and one must ensure adequate preparation.