When I teach graphite drawing I emphasize the importance of a sharp point on the pencil.
When I’m working in graphite, my pencil sharpener is always close at hand. But not only that, I also have a sheet of fine sandpaper upon which to sharpen the point between trips to the sharpener.
I recommend a sharpener like the one in the illustration below. It not only sharpens traditional wooden pencils but is able to accommodate propelling pencils as well through a small opening on the side.
These simple measures ensure a sharp enough point all the time for the fine detail we need to produce in botanical drawings. But you will find that different artists have different preferences for ensuring sharp pencil points. For instance, I’ve seen one artist advocate shaving away the wood and exposing about a half inch of graphite. This too is fine, even if unnecessary and a bit tricky. After all, it’s more about the sharp point and less about how you achieve it.