LAVENDER FARM BUSINESS PLAN SAMPLE
If you wish to start a commercial lavender farm, you’ll need to figure out many things.
These are considered essential to planting a profitable crop and have a lot to do with planning. Of course, one vital tool you’ll need to use is the business plan.
With this blueprint, your chances of success are greatly improved.
This lavender farm Business Plan serves as a guide to help entrepreneurs write their comprehensive crop production plans. We simplify the whole process through a systematic approach you can easily follow.
With such an approach, you should be able to do a more thorough and effective job.
Begin with Proper Structuring
Certain elements need to be introduced for your lavender plan to be practical and easily implementable. These are essential and touch on different aspects of the business.
The degree of implementation lies in how well each point is treated. These elements include the executive summary and the company description.
Others include the products & services section, the market analysis, strategy & implementation, organization & management team, and the financial plan & projections.
Beyond stating these sections, there’s also a need to develop each fully. We’ve provided tips on what information should be added to each section, as shown below.
i. Executive Summary
The executive summary of your plan gives an overview of the plan.
It shows at a glance what’s contained in the preliminary plan. As an initial representation describing the complete business plan, it needs to be well written to achieve the aim it was designed for.
The executive summary section of your lavender farm business should grab the reader’s attention and make them want to learn further details from the plan.
It appears at the beginning of the plan but is best written last to help accurately summarize your thoughts.
It would be best to focus on the length of the summary, as the volume shouldn’t be beyond five pages. At best, your executive summary section should be two pages long.
Some details of the summary section include the business name & location, products & service, mission & vision statements, and the specific purpose of the plan.
Your lavender farm business needs to be introduced appropriately. There’s no better way of starting an introduction than revealing its identity. The name by which the farm business will be known is stated.
Also following that is its location.
The types of products being provided are apparent from the topic being discussed. However, your audience still needs to know the details of the produced products.
Are there variants involved or other similar products being grown? Include the most relevant aspects of your business here.
Your mission statement should announce why your lavender farm business exists.
The mission statement should articulate your purpose and the goals you plan on achieving. On the other hand, the vision statement should beam a searchlight on where your lavender farm business is headed.
It projects into the future and states a definite timeframe by which you should achieve ideals. The vision statement needs to be inspiring.
What’s the specific purpose of your lavender farm business plan? This needs to be figured out and included within the executive summary section.
If it’s to secure investments, an investor gets to know the exact amount required.
ii. Business Description
When it comes to the business description, a clear picture explains who you are, how you operate, and what goals you plan to achieve.
In describing your lavender farm business, you’ll have to state the type of legal structure you’ve chosen.
Also, provide information on how you plan on making a profit. A brief history of the business, plus its nature, will be necessary. What needs or demands do you plan on meeting?
Give a summary of business growth with financial or market highlights.
Also, a summary of your short and long-term goals is necessary. Provide an overview of services and products too.
iii. Products & Services
The services and products sections of your plan should focus on what you offer in addition to costs and net revenue expected from the sale of these products.
Of what benefit are your products to your customers?
Explain the market role of your products and services and the advantages your products have over those of competitors.
iv. Market Analysis
Market analysis for your lavender farm business should demonstrate your level of industry knowledge.
It would be best to have a detailed evaluation of your competitor’s weaknesses and strengths through your market research and findings. Provide a sketch of targeted customer segments with size and demographics.
Also, you should provide historical, current, and projected marketing data. It would be best to give industry descriptions and outlooks with supporting statistics.
v. Strategy & Implementation
You should draft sales and marketing strategies for implementation with an operating plan. The details should be with pricing, costs, promotions, and distribution.
How do you plan on promoting your lavender farming business?
Provide details on your labor sources and include information on the number of employees needed. Explain how your farm business will function and how you plan on entering the market.
vi. Organization & Management Team
The organizational structure of your lavender farm business needs to be mapped out.
This aspect of your plan helps with the proper running of the business. You’ll need to include an organizational chart describing departments and critical employees here.
Next, include details about the owner(s) such as names, percentage ownership, and extent of involvement. Information on the management team also needs to be included.
They include names, positions, primary responsibilities, and experience.
vii. Financial Plan & Projections
The financial plan and projections section requires a great deal of accounting expertise to do a great job.
Here, essential details such as historical financial data, practical prospective financial information, and analysis of financial data are covered.
By using this lavender farm Business Plan as a guide, you should be able to write a good plan without difficulty.