Poultry Farming Business Plan: How to Start and Succeed In Poultry Business
Do your love to keep birds? If your answer is yes, then this post, which shows you the steps to take in successfully setting up poultry farming business, will be of immense value to you, so read on.
How to Start a Poultry Farming Business
Poultry farming is very interesting in all sense of the word. It is profitable too. You have the opportunity of raising birds and eggs.
You are able to sell and feed on the nutritious products. Once you can make the sacrifice of raising them, you are in real big business, an enduring business that will always put money in your pocket and smile on your face.
To make things more interesting, you do not have to keep the birds for years before they can be sold; these days, the birds would reach maturity in few months and they can be sold off to make money and restock.
You can decide to buy the chicks and raise them till they grow or hatch the egg yourself. If you are raising both layers and broilers, the eggs produced by the layers can be hatched into chicks to be raised in your poultry.
Who should go into this business?
Anyone can go into Poultry Farming Business. Do you have some fund lying idle and you would like to invest it?
Poultry business is a viable investment opportunity you can venture into. Are you a stay-at-home mum and you need something to keep you busy and put food on the table?
Are you out of a job? Are you retired but not tired? This is a viable investment for you. You can bank your last precious dime on it that you will get very good return on investment.
As indicated earlier, poultry farming business is very profitable. Be that as it may, there are very important things you must put into consideration in order to make headway in this business.
Some of these will be looked into below:
Start with a business plan (see business plan samples you can use as a guide in writing your own)
The business plan is the guide to profitable poultry farming business. It should contain information, such as your goals for setting it up in the first place, why you think you can succeed in the business, and how much money you require to run it.
It should also show your start up capital, how you plan to raise fund to meet your other needs in the course of the business, and your plan for expansion, and a host of other things.
The business plan is important to the success of your business and should not be prepared haphazardly.
It must be well outlined to meet with your business goal and put your business in the right perspective.
You may need the business plan to raise funds, in form of loans or grants, for the business. If you do not have adequate knowledge on how to write a winsome business plan, you can learn about it by using sample business plans you can find online.
Financing for the business
Can you handle some truth? Poultry farming business is capital intensive! That is the truth. The amount spent is however determined by a number of factors, like location of the business, its size, and the type of management technology you plan to use in the business.
You may require something within the range of $500 to $1500 as start up capital for a small poultry farm, while the start-up capital for a large scale type may go as high as $10,000.
[Do you need capital to expand your poultry business? If yes, check here for the best small business financing firm around.]
What is your preferred niche?
Truth is poultry farming is very broad. You need to select which aspect you want to venture into. The available aspects are:
- Poultry Consultancy and Marketing
- Meat and Egg Marketing, Packaging and Processing
- Manufacturing of Poultry Equipment
- Production of Poultry Feed
- Hatchery/Chicken Breeding
- Broiler Breeding/Meat Production and
- Layers Breeding/Egg Production.
As a beginner, you may not be able to combine all aspects for several reasons, namely fund unavailability, newness of the business, and technical know-how.
You should first decide which area to start with based on your area of strength and specialization.
Your choice can also be determined by your environment. This is where feasibility study comes in.
The feasibility study will give you an idea of what obtains in your locality and what poultry service is most acceptable there.
Which bird to rear
You just cannot start rearing all the birds in the book; you need to choose the specific bird type to rear. Do not forget that you are new in the business and just trying to gain ground and popularity.
Even if you would still rear more bird varieties, you need to start from somewhere till you are able to establish yourself and become well known, then you can add to your stock and varieties.
Examples of birds you can choose from are:
- Guinea Fowl
- Domestic Fowl/Chicken.
Other important considerations
Make sure the poultry is located not too close to the public. It should also be located where you can get cheap land.
Government policies should be considered when choosing the perfect location for the poultry too.
Determine if you want to use Battery Caste System, Deep Litter System or Free Range System in housing the birds.
Make available the equipment needed for the business, like feeder, cage, egg tray, heater/breeder, incubator, waste disposal system, lighting system, crate, nest perches, and drinkers.
Feeds for the birds can be obtained locally and you can also produce your own personified feed.
In addition to being capital intensive, poultry farming is also labor intensive. You need to employ people to handle various aspects, like marketing, health care, accounting, feeding, and harvesting.
Put your business on the path to success with a solid plan created with Business Plan Pro Software .
Experts in business and technology, as well as daily users rate this software higher and above others. Click here to see why.
This post first appeared on Success Principles Online, Small Business Success, Life Success, please read the originial post: here