LIVESTOCK FARMING BUSINESS PLAN SAMPLE TEMPLATE
Do you want a business plan for farming and raising livestock? Here is what you need to know as you kick start your livestock farm.
Business plans are what lies between one’s business resources and business revenues. An excellent plan transforms a business idea into possible results using an actionable roadmap.
In simple words, a business plan acts as a guide to lead your business into goals you want to achieve. Don’t get absorbed into thinking that a good plan must be officially documented, or contain a complex strategy; you can keep it more straightforward and still get results.
Here are some business plans for starting a livestock farm.
- Cattle farming business plan
- Pig farming business plan
- Dairy farming business plan
- Goat farming business plan
- Rabbit farming business plan
- Horse breeding business plan
The most common challenge to livestock farmers is earning a high income from their farming business. This challenge is not only confounded to small-scale farmers with relatively low resources but also to large-scale farmers who have the needed funds even to hire professional business managers.
In some cases, your business revenue can continuously decrease over some time that you might decide to quit your business as well. These are the times when a good plan can act as your turning point.
HOW TO WRITE A LIVESTOCK FARMING BUSINESS PLAN
Even though you can farm livestock for non-profit purposes, many business experts advocate livestock farming for business. Imagine tapping into lucrative areas like dairy farming, poultry farming, aquafarming, and rabbit farming to supplement your income.
Better still, other areas like snails farming to earn money. To large-scale farmers, it is by default that you are yearning to learn what a good plan comprise. If you are a starter, this article also covers you to ensure you reap profits from your business.
A typical business plan takes any of these forms:
- One-page Plan:This is a plan that is short, simple, and clear to the point. Meant for you alone.
- Internal Plan: Meant for your workforce/employees.
- An External Plan:This is intended for people outside your business, possibly, potential investors or financiers.
How Will a Business Plan for My Livestock Farming Help Me?
If you are still puzzled up on whether to use a business plan for your livestock farming, then below are the various ways you will benefit when using a business plan:
- It is difficult to accomplish goals using a virtual roadmap. You can document and keep your paper for tracing your goals every day
- Helps understand your business better by recording your workforce, services, market demand, and so on.
- Gives you the chance to set achievable milestones, rather than focusing on a general goal
- You have an opportunity to analyze your strategies and use what works
- Comparison between your plan and results to make a result-centered plan.
Components of an Excellent Livestock Farming Business Plan
If you have ever found yourself jotting down points relating to what you want for your business, then you did a business plan. But, a good plan does not only entail writing down your ideas. It involves aspects that are tailored to your business. Thus, it is essential to understand your business and your market before crafting your business plan.
The first component should be a summary of your mission, business resources, and vision statement. This introductory part is known as an executive summary, and it needs to be personalized for your business. For instance, use “we” or “I” but not “you”.
- Location of your business depending on market.
- What your business entails. Is it dairy farming? Do you want to keep cattle for beef, and which breed?
- How do you want to run the business? Is it through hired experts? Do you have employees, and what is the role your employee(s) in your company?
Your plan should have a target market and the market advantage you have over your competitors. As an example, state something like, “Our business will be located in the Lower Desert Region. Because the regions demand fresh daily milk, our workforce will be provided with quality working conditions to discharge their tasks efficiently.”
How will you get revenue? Describe your projection for your business revenue source. For instance, do you intend to generate revenue from actual sales of your livestock, or by selling livestock products?
You should also describe the sales projection of your business from past revenues. You can state the amount earned in the three previous years to understand what can be earned from your business.
Your business plan for livestock farming should also have the marketing and advertising strategies you intend to use. This strategy makes you budget well.
It is relevant noting that even though an excellent business plan is a roadmap to achieving your goals, the plan should be unique. This is critical when using an external business plan with the sole aim of getting some external funding or lure investors.
The last thing every investor wants is a boring pitch that is repeated over and over. So, use your livestock business plan to detail as much information as possible that best describe your services.