Business Ideas | Small Business Ideas: Startup Goat Farming Business | How to Start Your Own Goat Farm

Monday, January 6, 2014

Startup Goat Farming Business | How to Start Your Own Goat Farm | ছাগল খামার

Starting a goat farm is a simple process if you do your business homework well. It is all about preparation and developing a goat farming business plan of action and seeing through that plan is done.

If you think you got what it takes to start a goat farm, these business guidelines will multiple your chances to start out right and successfully.

Learn About Goats

Study and know every thing there is to know about goats. Learn there mating patterns. Learn how many kids a goat mom can produce. Learn the best food for goats and their eating habits. What’s the life span of a goat? Learn how to care for goats and learn its basic needs.

Benefits of Goat Farming:

There are many benefits of goat farming. The main of those are described below.

As goat is a small animal, it's food demand is relatively low.

It requires short space to live.

The capital needs to make goat farm is low and it is within the ability of general people.

Diseases are relatively less than other domestic cattle.

Produce more goats in short time.

The female goat became pregnant twice a year and give birth 2-3 baby goat every time.

The meat, skin and milk of goat have a huge demand in our country and abroad.

The goat milk prevents tuberculosis and asthma. For this reason it has a great demand.

Goat farming can be considered as an additional source of income to the landless farmer.

Decide What type of Goat Business You Want to Do

Goat farming is a diversified business. Goats produce diary and they also make great meat. Goats can also be breed to sell. As a business owner explore these avenues where in you can make money. Decide on which areas you want to focus your attention on. Identify the purpose of your goat farming business.

Determine on How Big You Want Your Business to Start

Study your business plan and business moves carefully. Determine the number of goats you want to begin with. Pick a number that would be substantially enough to get things moving depending on the purpose of your goat farming business. Is it 10 or 20? Then determine also a supplier who can supply good quality stock of goats.

Get License

Set a time to work on your legal papers. Visit your County Clerk’s office and inquire about the needed papers to be filled out to operate a goat farming business. Once you get the information you need, decide to apply for a license by filling out the necessary paperwork and paying the corresponding fees. Gather the documents you need and file it along with other valuable documents you have.

Purchase Land that you can Develop into a Farm

When finding the right place to develop your farm, it is important you make a list of what you want to find first. If you make a list of what you need in a land, it will be easier for you to recognize if a certain place is the right one for your business. Find a location with good terrain for goats, ample grasslands and a good water supply. The area should not be too hot nor is it too good to have it open for predators. Consider talking to a real estate agent about your land needs. Survey the web too for possible lands that could easily be converted into a goat farm.

Invest Farming Equipment

Purchase farming tools for your business. Begin with fortifying your land perimeter. Install fencing around your area to keep predators and other unwanted elements away from your goats. Purchase grooming tools for your goats as well as hire a vet who can do regular check ups on them.

Advertise

Get the news out that you opened a business. Use your circles of influence and promote your goat farm. Place signage along the road to advertise your business. Develop a website where people can check your farm virtually.

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Reference:

Startup Goat Farming Business

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1 comment:

Goat FarmingJanuary 6, 2014 at 7:57 PM
Goat Farming Business, How to Start Your Own Goat Farm, Startup Goat Farming Business, ছাগল খামার
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Easy Tips and Ideas to Start Business

Although anyone can start a business, many people fail because of a bad product or improper research. If you want to start your own business, you can improve your chances for success before you even begin. In order to make your business successful, start strong and make sure that your idea will hold out for the long haul.

Have a Good Product

Ensure that you plan to sell something useful. Although you may think that your product is important or special, that doesn't mean the general public will agree. Ask friends, family and strangers what they think of your product. If they don't seem that interested, ask them why. With their suggestions, you can either improve the product or scrap the idea completely. According to Brad Sugars of Entrepreneur magazine, most small businesses fail because they sold a product that didn't have an adequate market. This also applies to small businesses that provide a service. A lawn-care business might be useful for part of the year in a northern state, but it is in-demand year-round in the south. Consider whether people will actually want to use your service and get constructive advice from those not afraid to give their opinion.

Research Local Businesses

Research local companies before starting up your own business. This will not only give you an idea of the amount of competition you will have, but it will also help you price your product or service. If you're looking to start a wedding photography business, you may find during your research that the market is over-saturated in your area. If not over-saturated, you should contact each business and ask them for a price list. Alter your prices so you can stay competitive with the competition in town. Researching similar local businesses will also help you decide where to locate your business location. Try not to start up a store or office close to another business of your type. If your small business is located away from similar business types, this will cause locals to choose you over businesses that are farther away from where they live.

Get Professional Advice

You may know someone who has started their own successful business. Ask him for advice and listen to his stories of how he started his company. You may gain useful advice on the good and bad ways to start a business. Local entrepreneurs can also introduce you to local product providers or advertisers that you may not have met without their help. Accept any advice with open arms, especially if the advice is coming from someone successful in the area.

How to Calculate Business Start Up Costs

Starting a business in no easy endeavor. It takes a great deal of research, perseverance and hard work. While sweat equity will make your small business more successful, you will most likely need real capital to get the business started. Before you start raising capital and/or investing your own funds, the first thing you need to do is determine the total start-up costs.

Step 1

Determine your costs of sales. For most small businesses this means inventory, the cost of raw materials, manufacturing equipment, shipping, packaging, and warehousing. However, not all businesses sell products. In this case, the cost of sales is primarily the direct labor involved in making the sale. For example, to open a small shoe business entails purchasing enough inventory ($10,000) to stock the store.

Step 2

Determine professional fees. Planning your business structure, i.e., limited liability corporation or general partnership, means hiring an attorney. There may also be the need to pay an attorney for help with establishing trademarks, copyrights, and patents. In this scenario, that puts total professional fees at an estimated $20,000.

Step 3

Determine technology costs. Technology can greatly reduce the cost of labor for small business if used effectively. Most small businesses require computers, printers, cell phones, website development, Internet access, software applications, information security, data storage, and outsourced information technology (IT) consulting. If the cost of technology is $10,000 to start, add an additional $5,000 a year for maintenance (hint: maintenance is not included in start-up costs).

Step 4

Determine administrative costs. This varies with business types and may include items such as business insurance, office supplies, product packaging, parking, rent, express shipping, desks, chairs, fax machines, phones, or anything else necessary to operate the business daily. A good estimate for start-up administrative costs would be $5,000 for the first six months.

Step 5

Determine initial sales and marketing costs. Now that you have your product, you need to let folks know about it. Sales and marketing costs generally include marketing materials for presentations, printing stationery, business cards, advertising, trade show events, and public relations. These initial sales and marketing costs can add up to $3,000.

Step 6

Determine the wages and benefits needed to secure a staff. This includes employee salaries, benefits, workers compensation, and payroll taxes. Let's put the cost of wages and benefits estimated at $20,000 for the first three months of business.

Step 7

Add all costs associated with starting the business for a total. Be sure to only include business start-up costs that will be incurred in the first three to six months of operations. For this example, the calculation is: $10,000 + $20,000 + $10,000 + $5,000 + $3,000 + $20,000 = $68,000.

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