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Cornish hen production Sales Forecast Going by the market research and survey conducted, we were able to discover that the sales generated by a turkey farming business depends on the size of the poultry farm and of course the size of their marketing network.
We have been able to critically examine the turkey farming business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projection is based on information gathered on the field and some workable assumptions as well with respect to the nature of turkey farming business that we run. Our Pricing Strategies Some of the factors that will help you sell your turkeys and chickens at the right price that will guarantee that you make profits is dependent on your strategy while some of the factors are beyond your control.
For example; if the climatic condition is unfavorable and if there are natural disaster in the location where you have your commercial poultry farm, then it will directly affect the prices of your turkeys, chicken and eggs. Over and above, if you want to get the right pricing for your turkeys, chickens and eggs, then you should ensure that you choose a good location for turkey farm, choose a good breed that will guarantee bountiful harvest, cut the cost of running your poultry farm to the barest minimum and of course try as much as possible to attract buyers to your poultry farm as against taking your turkeys and chickens to the market to ready business plan pdf for buyers; with this, you would have successfully eliminate the cost of transporting the goods to the market and other logistics.
We are quite aware that one of the easiest means of penetrating the market and acquiring loads of customers for our turkeys and chickens is to sell them at competitive prices. One thing is certain; the nature of commercial poultry farming makes it possible for poultry farmers to place prices for their turkeys and chickens based on their discretion without following the benchmark in the industry.
The truth is that it is one of the means of avoiding running into loss. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for turkeys, chickens and eggs.
Turkey Farming Business Plan — Publicity and Advertising Strategy Any business that wants to grow beyond the corners of the street or the city they are operating from must be ready and willing to utilize every available means both conventional and non — conventional means to advertise and promote the business.
We intend growing our business which is why we have perfected plans to build our brand via every available means. We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our turkey farming business.
Below are the platforms we will leverage on to boost our turkey farms brand and to promote and advertise our business; Place adverts on community based newspapers, radio stations and TV stations. Turkey Farming Business Plan — Financial Projections and Costing When it comes to calculating the cost of starting a commercial poultry farm, there are some key factors that should serve as a guide.
The different types of birds to be raised in commercial poultry farms determine the total cost of setting up the business. Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.
The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a turkey farming business; it might differ in other countries due to the value of their money.
Finance is a very important factor when it comes to starting a business such as commercial poultry farming. No doubt raising start — up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.
We do not intend to welcome any external business partners, which is why we have decided to restrict the sourcing of the start — up capital to 3 major sources. These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N.
All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
Turkey Farming Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
We know that one of the ways of gaining approval and winning customers over is to retail our turkeys, chickens and eggs a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts: Completed Opening Mobile Money Accounts: Completed Opening Online Payment Platforms: In Progress Application for business license and permit: Completed Purchase of Insurance for the Business: Completed Leasing of farm land and building of standard poultry cages: In Progress Conducting Feasibility Studies: Completed Generating capital from family members: Completed Applications for Loan from the bank: In Progress Writing of Business Plan: In Progress Recruitment of employees: In progress Creating Official Website for the Company: In Progress Creating Awareness for the business both online and around the community:PDF | The business plan is one of the essential tools for companies to attract investors and raise venture capital.
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The second step in writing a real estate business plan is to assess the market you plan to work in. In the real estate industry, this is known as your “farm area.” It may sound a little bit silly at first, but it’s an excellent analogy for real estate.