Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan. The primer below is meant only to explain the broad differences between the most common company types. So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions — such as the roof over your head.
Cages and coops 7. Feeding your birds Feeding is a major aspect of poultry farming. Therefore, it is imperative to figure out the feeding aspects of business before you go into it. There are two ways to go about feeding in poultry farming: Producing your feeds by yourself Buying already-made poultry feeds I recommend the former for large commercial poultry farms because it helps you to save a lot of money on feeding costs.
You can easily learn how to make poultry feeds, purchase equipment and start producing feeds for your farm. You can even make some extra income for yourself by selling to others but it is important that you get the right poultry feed formula and ingredients that would enhance the growth of your birds.
Poultry Farm staffing and manpower Operating a poultry farm is not labor intensive if the use of technology is employed. With respect to staffing, the number of manpower needed is also dependent on the size of your farm. But some must haves should be admin officer or manager; who will oversee the day to day running of your business.
Your manager can also double as your accountant to cut down cost. It is also advisable you have personnel who will reside permanently in the farm to monitor and see to the well being of your birds. You will also need security personnel that will monitor the inflow and outflow of people around your farm; and most importantly, guard against theft.
Aside these few mentioned, you can add more personnel to suit your business needs.
Accounting I mentioned in one of my previous articles how a lot of poultry farmers take the accounting and record keeping aspects of their business for granted. Poultry farming is just like any other commercial business out there and for you to track your performance and productivity, adequate records must be kept.
Health Just like you need regular health check-up to stay in good shape, the birds in your farm also need regular check-up. They need proper vaccines and medications to prevent diseases and promote growth.
You should have a consultant, a veterinary doctor who would be in charge of giving vaccinations and providing proper health care for the birds. Marketing Another factor to give consideration to is the marketing aspect of your poultry business.
You have to find a way to reach your customers and this would be done by employing the right marketing techniques. Therefore, before you start a poultry business, you should really consider the marketing strategies which you would use to break into the market.
Projected return on investment The incubation period of the domestic fowl is 21 days. You can start selling off your birds as early as 8 — 12 weeks but full maturity is reached between 20 — 24 weeks.
The payback period of a poultry farming business is between 3 — 5 years. Five Challenges of Starting a Poultry Farming Business Poultry farming business is one of the most important and profitable aspect of livestock farming business especially in Nigeria.
But like every other business, there are risks and challenges involved starting from the business plan. Do you intend venturing into poultry farming but you would like to know the risks and challenges that you will be facing?
Then i advice you read on.
Challenges of Starting a Poultry Farming Business Poultry farming has a longer pay back period It is Labor intensive Pests and predators can cause massive loss Lack of support from the government Taking a close look at Nigeria today, you will attest to the fact that the government shows little or no interest in livestock farming; let alone poultry farming.
The government is more interested in the oil sector thereby not showing concern to poultry farming and this brings discouragement to the poultry farmers. Even the assumed agricultural loan the government provided cannot be accessed because of the stringent conditions attached.
The only visible effort of the government is the recent ban on the importation of live or frozen poultry birds. So if you are interested in starting a poultry farming business, then you must be prepared to go it alone without looking to the government for help.
High startup capital The very first factor you have to give serious consideration to is capital. Just like every other business, poultry farming needs sufficient and proper funding.
This is because the amount of capital you have to invest has a lot to do with the level of success you would achieve in poultry farming. If you have enough capital, you would be able to put facilities that would increase your productivity in place.
Without proper funding, you will struggle to keep your business afloat but with enough capital; business is made easier. So it is advisable that you do your financial analysis very well and ensure you have access to cash because nothing kills a business faster than lack of money.
Outbreak of diseases When the environment is dirty, disease and infection is inevitable.A farm business is a particular business with its own working capital needs, activities, goals and objectives.
If you are planning to prepare initiatives for an Agricultural Value-Adding Business, then the farm business plan paper provided by torosgazete.com can help to ease the overall process.
Starting a Farm in Ontario - Business Information Bundle for New Farmers Business Plans for New Farms. If you are a new farmer the best way to understand where you want to go in the short and long term is by developing a business plan. Agriculture determines a reasonable part of the overall productivity of many nations, particularly the agro-based countries.
However, in order to ensure there’s ample productivity in the agricultural sector, farmers in these countries have to make good choices when selecting their farm tools, because choosing the right farm equipment is a key factor to ensuring maximum farm output.
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