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A Sample Honey Bee Farm Business Plan Template

Are you about starting a honey bee farming business? If YES, here is a complete sample honey bee farm business plan template & feasibility report you can use for FREE.

Okay, so we have considered all the requirements for starting a honey bee farm. We also took it further by analyzing and drafting a sample honey bee farm marketing plan template backed up by actionable guerrilla marketing ideas for honey bee farms. So let’s proceed to the business planning section.

Why Start a Honey Bee Farming Business?

If bee farming is one of the businesses that you think you may want to start, then you will be making a very good decision because bee farming is one very viable and profit making business that can guarantee good returns on investment. So, if you are really determined to go all the way with starting a bee farming trade, then brace up for success if you work hard.

One of the things that you will have at the back of your mind is that for anyone to start and become really successful at a thing, he or she has to undertake some thorough research. You can do the bee farming comprehensive market studies on the internet as well as by asking experts to help put you through. As such, here is a sample bee farming business plan.

A Sample Honey Bee Farm Business Plan Template

  • Business Overview

Farmers cum businesses in the bee farming industry raise bees and also collect and gather honey, sell live bees, royal jelly, bees’ wax, propolis, pollen, venom and other related bee products.

A closer study shows that the bee farming cum bee keeping industry has experienced volatile patterns, with rising import volumes and the threat of colony collapse disorder adversely affecting its performance. For instance, with the increasing penetration of imports of honey and bee products, there will definitely be a downward pressure on the price of bees and honey produced in the United States of America. Growth will continue to struggle over the next five years, though an expansion into territories like medicine and pollination services will help offset major revenue declines in this industry.

The Bee Farming Industry is indeed a very large industry and pretty much thriving in all parts of the world especially in countries such as United States of America, Canada, United Kingdom, Germany, Australia, Nigeria, Ethiopia, Kenya, South Africa and Ukraine et al.

Statistics has it that in the United States of America alone, there are about 6,345 licensed and registered bee farms cum production companies directly responsible for employing about 28,061 employees and indirectly responsible for employing several thousands of people as well.

The industry rakes in a whooping sum of $380million annually with an annual growth rate projected at 3.7 percent. It is important to state that there is no establishment with a lion share of the available market in this industry; it is an open market suitable for competitions.

Research carried out by IBISWORLD shows that the Bee Framing industry has a high level of capital intensity. They also estimated that for every dollar spent on labor, bee farmers invest $0.96 in capital equipment. Frames and containers are a necessary requirement for bee farming, and producers may also purchase nucleus colonies, which already consist of frames and bees, enabling a hassle-free establishment of a hive.

So also, some bee farmers require extracting equipment and bottling materials for honey production. Other industry-relevant supplies include smoking equipment (also known as smokers) and protective gear. Smokers generate smoke that calms bees, while also masking alarm pheromones released by guard bees. As a result, while a smoker is at work, bee farmer can open the hive and work without triggering a defensive reaction.

If you are looking towards leveraging on the agriculture industry to generate huge income, then one of your best bet is to start a bee farm and honey production business. One thing is certain about starting bee farming and honey production business, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your live bees and honey because there are always food processing companies and consumers out there who are ready to buy from you.

Honey Bee Farm Business Plan – Executive Summary

Hamilton Miller & Family Bee Farms, LLC is a world – class and licensed bee farm and honey Production Company that will be based in the outskirt of Pierre, South Dakota – United States. We have done our detailed market research and feasibility studies and we were able to secure five hectares of land to start our bee farm and honey production business.

Our bee farm is going to be standard commercial bee farm hence will be involved in raising bee, packaging and marketing honey, sell live bees, royal jelly, bees’ wax, propolis, pollen, venom and other bee products on a commercial level both in the United States market and the global market.

We are in the bee farming and honey production line of business because we want to leverage on the vast opportunities available in the agriculture industry, to contribute our quota in growing the U.S. economy, in national food production, and also to live bees, royal jelly, bees’ wax, propolis, pollen, venom and other bee products from the United States to other countries and over and above to make profit.

Hamilton Miller & Family Bee Farms, LLC is well positioned to become one of the leading commercial bee farms and honey production business in the United States of America, which is why we have been able to source for the best hands and machines to run the company with. We have put process and strategies in place that will help us employ best practices when it comes to commercial bee farms and honey production processes as required by the regulating bodies in the United States of America.

At Hamilton Miller & Family Bee Farms, LLC, our customer’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Hamilton Miller & Family Bee Farms, LLC is a private registered commercial bee farm and honey production company that is owned by Mr. Hamilton Miller and his immediate family members. The bee farm will be fully and single handedly financed by the owner – Mr. Hamilton Miller and his immediate family members at least for a period of time.

Before starting Hamilton Miller & Family Bee Farms, LLC Mr. Hamilton Miller was the Head of a renowned Agriculture Research Institute in The U.S. he worked in the industry for well over 10 years before resigning to start his own commercial bee farm and honey production business. He is of course well experienced and highly qualified to run this type of business.

  • Our Services

Hamilton Miller & Family Bee Farms, LLC is a standard commercial bee farms and honey Production Company that is committed to raising bees and producing honey and other related bee products for both the United States’ market and the global market. We are in the commercial bee farms and production line of business to make profits and we are going to do all we can to achieve our business goals, aim and objectives.

These are the areas we will concentrate on in our commercial bee farms. If need arises we will definitely add more bee produce to our list;

  • Bee production
  • Beeswax production
  • Queen bee production
  • Honeybee production
  • Propolis production
  • Bee pollen collection
  • Sale of live bees
  • Sale of other bee related products
  • Pollination services

Our Vision Statement

Our Vision is to become one of the leading commercial bee farms and honey production brand not just in the United States of America but also on the global stage.

  • Our Mission Statement

Hamilton Miller & Family Bee Farms, LLC is a world class and registered commercial bee farms and honey Production Company that is committed to raising bees and producing honey for both the United States’ market and the global market. We want our live bees and honey to flood the nooks and crannies of the United States and other countries of the world.

  • Our Business Structure

Hamilton Miller & Family Bee Farms, LLC is a privately owned and managed commercial bee farms and honey production business that intend starting small in Pierre – South Dakota, but hope to grow big in order to compete favorably with leading commercial bee farms and honey production companies in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Hamilton Miller & Family Bee Farms, LLC, we will ensure that we hire people that are qualified, hardworking, and creative, result driven, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Operating Officer
  • General Farm Manager
  • Human Resources and Admin Manager
  • Accountant / Cashier
  • Sales and Marketing Executive
  • Field Employees
  • Front Desk Officer

Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

General Farm Manager

  • Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
  • Supervises other section manager
  • Ensures compliance during project executions
  • Provides advice on the management of farming activities across all section
  • Responsible for carrying out risk assessment
  • Using IT systems and software to keep track of people and progress of the growth of bees
  • Responsible for overseeing the accounting, costing and sale of honey, sell live bees, royal jelly, bees’ wax, propolis, pollen, venom and other bee products
  • Represents the organization’s interest at various stakeholders meetings
  • Ensures that farming goals desired result are achieved, the most efficient resources (manpower, equipment, tools and chemicals et al) are utilized and different interests involved are satisfied. Responsible for preparing financial reports, budgets, and financial statements for the organization

Human Resources and Admin Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Oversees the smooth running of the daily office.

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for Hamilton Miller & Family Bee Farms, LLC
  • Serves as internal auditor for Hamilton Miller & Family Bee Farms, LLC.

Sales and Marketing Manager

  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Creates new markets cum businesses for the organization
  • Empowers and motivates the sales team to meet and surpass agreed targets

Field Workers / Contract Staff

  • Responsible for daily collection of live bees and honey
  • Responsible for feeding bees as instructed by the supervisor
  • Responsible for cleaning the bee hives and the entire environment
  • Changes the water for the birds as instructed by the supervisor on a regular basis
  • Handles poultry farm implements and machines (hatchery) as instructed by the section manager / supervisor
  • Assists in handling the bees et al
  • Carries out task in line with the stated job description
  • Assists in transport working tools and equipment from the bee farm and back to the designated store room
  • Handles any other duties as assigned my the line manager

Front Desk / Customer’s Service Officer

  • Welcomes clients and potential clients by greeting them in person, online or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the creative director in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Honey Bee Farm Business Plan – SWOT Analysis

Hamilton Miller & Family Bee Farms, LLC do not intend to launch out with trial and error hence the need to conduct a proper SWOT analysis. We know that if we get it right from the onset, we would have succeeded in creating the foundation that will help us build a standard commercial bee farm and honey Production Company that will favorably compete with leading commercial bee farms and honey production companies in the United States of America and in the rest part of the world.

We engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured commercial bee farm and honey Production Company that can favorably compete in the highly competitive commercial bee farms and honey production industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Hamilton Miller & Family Bee Farms, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Hamilton Miller & Family Bee Farms, LLC;

  • Strength:

Our strength as a commercial bee farm and honey production company is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the industry; both suppliers of honey, live bees, royal jelly, bees’ wax, propolis, pollen, venom and other bee products within and outside of the United States of America.

We have some of the latest commercial bee farming tools and equipment that will help us raise bees and produce honey in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Pierre – South Dakota in our payroll.

  • Weakness:

Our weakness could be that we are a new commercial bee farms and honey production company in the United States, and perhaps it might take us sometime to attract big time customers in the industry. We are aware of this and from our projection will overcome this weakness with time and turn it to a major advantage for the business.

  • Opportunities:

The opportunities that are available to us as a standard commercial bee farm and honey Production Company cannot be quantified; we know that there are loads of households, and food manufacturing companies that can’t do without daily supply of honey. We are well positioned to take advantage of this opportunity

  • Threat:

Some of the threats and challenges that we are likely going to face when we start our own commercial bee farm and honey production company are global economic downturn that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a commercial farm that engage in the rearing of bees and honey production) within same location.

There is hardly anything you can do as regards this threats and challenges other than to be optimistic that things will continue to work for your good.

Honey Bee Farm Business Plan – MARKET ANALYSIS

  • Market Trends

The Bee farms and Honey Production industry has greatly benefited from campaigns advertising the health benefits of honey as a good sweetener as against sugar. No doubt, the increased demand of honey, royal jelly, bees’ wax, propolis, pollen, venom and other bee products from households and food related businesses have rapidly improved revenue growth for the industry.

In the face of this growth, profit margin has suffered from rising feed costs and also regulations regarding safety concerns. As a matter of fact, one of the new trends is that with the recent advancement in technology, bee farmers and honey production companies can successfully predict their output for a year or more.

  • Our Target Market

Naturally, the target market of those who are the end consumer of commercial bee farm produce and also those who benefits from the business value chain of the bee farming and honey production industry is all encompassing; it is far – reaching.

Every household consumes produce from commercial bee farms be it honey, royal jelly, bees’ wax, propolis, or other bee products. In essence a commercial bee farmer should be able to sell his or her produce to as many people and food manufacturing companies as possible.

In view of that, we have positioned our business to attract consumers of honey and other related products not just in the United States of America alone but also other parts of the world. We have conducted our market research and survey and we will ensure that we meet and surpass the expectations we set for the business.

Below is a list of the people and businesses that we will market our live bees and honeys to;

  • Households
  • Individuals
  • Food Manufacturing Companies
  • Restaurants
  • Fast food eateries
  • Agriculture merchants

Our Competitive Advantage

It is easier to find entrepreneur flocking towards an industry that is known to generate consistent income which is why there are more entrepreneurs starting commercial bee farms and honey production companies in the United States of America and of course in most parts of the world.

For example; Statistics has it that there are 2.2 million farms in the United States of America, covering an area of 922 million acres. These goes to show that there are appreciable numbers of farmers in the United States of America but that does not mean that there is stiffer competition in the industry.

As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming cum bee farming and honey production business. This is so because part of the success of any nation is her ability to cultivate her own food and also export foods to other nations of the world.

Hamilton Miller & Family Bee Farms, LLC is fully aware that there are competitions when it comes to selling bee produce all over the globe, which is why we decided to carry out thorough market research so as to know how to take advantage of the available market in the United States and in other parts of the world.

We have done our homework and we have been able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are effective and reliable bee farming and honey production processes that can help us sell our produce at competitive prices, good network and excellent relationship management.

Another competitive advantage that we are bringing to the industry is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the industry; both suppliers of honey, live bees, royal jelly, bees’ wax, propolis, pollen, venom and other bee products within and outside of the United States of America.

We have some of the latest commercial bee farming tools and equipment that will help us raise bees and produce honey in commercial quantities with less stress. Aside from our relationship (network) and equipment, we can confidently boast that we have some the most experienced hands in Pierre – South Dakota in our payroll.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups commercial bee farms and honey production companies in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

Honey Bee Farm Business Plan – SALES AND MARKETING STRATEGY

We are quite aware that the reason why some commercial bee farms and honey production companies hardly make good profits is their inability to sell off their live bees and honeys as at when due. Our sales and marketing team will be recruited based on their vast experience in the bee farming and honey production industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Hamilton Miller & Family Bee Farms, LLC.

Over and above, we have perfected our sale and marketing strategies first by networking with agriculture merchants and businesses that rely on daily supply of live bees and honey from bee farms and honey production companies who are likely to become our customers. In summary, Hamilton Miller & Family Bee Farms, LLC will adopt the following strategies in marketing our commercial bee farm produce;

  • Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry, food manufacturing companies, households, hotels and restaurants and agriculture produce merchant et al.
  • Advertise our business in agriculture and food related magazines and websites
  • List our commercial bee farms and honey production business on yellow pages ads
  • Attend related agriculture and food expos, seminars, and business fairs et al
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Encourage the use of word of mouth marketing (referrals)

Sources of Income

Hamilton Miller & Family Bee Farms, LLC is in the bee farms and honey production line of business for the purpose of maximizing profits hence we have decided to explore all the available opportunities within the industry to achieve our corporate goals and objectives.

Below are the sources we intend exploring to generate income for Hamilton Miller & Family Bee Farms, LLC;

  • Bee production
  • Beeswax production
  • Queen bee production
  • Honeybee production
  • Propolis production
  • Bee pollen collection
  • Sale of live bees
  • Sale of other bee related products
  • Pollination services

Sales Forecast

From the survey conducted, we were able to discover that the sale generated by a commercial bee farm and honey production business depends on the size of the bee farm and of course the size of their marketing network.

We have perfected or sales and marketing strategies and we are set to hit the ground running and we are quite optimistic that we will meet or even surpass our set sales target of generating enough income / profits from the year of operations and build the business from survival to sustainability with the shortest period of time.

We have been able to critically examine the bee farms and honey production line of 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 projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of commercial bee farms and honey production business that we run.

Below are the projections that we were able to come up with for the first three years of running Hamilton Miller & Family Bee Farms, LLC;

  • First Fiscal Year-: $250,000
  • Second Fiscal Year-: $600,000
  • Third Fiscal Year-: $900,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown that can impact negatively on household spending, bad weather cum natural disasters (draughts, epidemics), and unfavorable government policies

  • Our Pricing Strategy

Some of the factors that will help you sell your bee farm produce 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 disasters in the location where you have your commercial bee farm, then it may directly affect the prices of your live bees and honey.

Over and above, if you want to get the right pricing for your live bees and honey, then you should ensure that you choose a good location for your commercial bee farm, choose a good breed that will guarantee bountiful harvest, cut the cost of running your bee farm to the barest minimum and of course try as much as possible to attract buyers to your bee farm as against taking your live bees and honey to the market to source 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 live bees and honey is to sell them at competitive prices hence we will do all we can to ensure that the prices of our bee farm produces are going to be what other commercial bee farmers would look towards beating.

One thing is certain; the nature of commercial bee farming makes it possible for beekeepers cum bee farmers to place prices for their live bees and honey 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.

  • Payment Options

The payment policy adopted by Hamilton Miller & Family Bee Farms, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Hamilton Miller & Family Bee Farms, LLC will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via mobile money platforms
  • Payment via Point of Sale Machines (POS Machines)
  • Payment via check
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. 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 the purchase of our products.

Honey Bee Farm Business Plan – Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (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 commercial bee farm and honey production business. Below are the platforms we will leverage on to boost our commercial bee farm and honey production brand and to promote and advertise our business;

  • Place adverts on community based newspapers, radio stations and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Snapchat, Badoo, Google+  and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Pierre – South Dakota
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Contact corporate organizations, households, landlord associations and schools by calling them up and informing them of Hamilton Miller & Family Bee Farms, LLC and the bee farm produce we sell
  • Advertise our business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and trucks and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

Honey Bee Farm Business Plan – Financial Projections and Costing

When it comes to calculating the cost of starting a commercial bee farm and honey production business, there are some key factors that should serve as a guide.

Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

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 commercial bee farm and honey production business; it might differ in other countries due to the value of their money.

Below are some of the basic areas we will spend our start – up capital in setting up our commercial bee farm and honey production business;

  • The amount required for preparing the farm land (construction of bee hives et al) – $30,000
  • The amount needed to acquire / lease a farm land  – $50,000
  • The Total Fee for incorporating the Business (commercial bee farm) in United States of America – $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of Hamilton Miller & Family Bee Farms, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The total cost for hiring Business Consultant – $2,500.
  • The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
  • The amount required for the purchase of the first set of live bees – $10,000
  • The cost for acquiring the required working tools and equipment / honey packaging machines / bee hives et al– $50,000
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The Cost of Launching an official Website – $600
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000

Going by the report from detailed research and feasibility studies conducted, we will need an average of $200,000 to start a world class and standard commercial bee farm and honey production business in the United States of America.

Generating Funding / Startup Capital for Hamilton Miller & Family Bee Farms, LLC

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business such as commercial bee farming and honey production business. No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

Hamilton Miller & Family Bee Farms, LLC is a family business that is solely owned and financed by Mr. Hamilton Miller and his immediate family members. They do not intend to welcome any external business partner which is why he has 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.B: We have been able to generate about $50,000 (Personal savings $4,000 and soft loan from family members $10,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. 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.

Honey Bee Farm 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. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Hamilton Miller & Family Bee Farms, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to retail our live bees and well packaged honey 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.

Hamilton Miller & Family Bee Farms, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

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.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of farm land and building of standard bee hives: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Establishing business relationship with vendors – key players in the industry: In Progress
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