Are you about starting a chicken farm? If YES, here is a complete sample free range chicken farming business plan template & feasibility report you can use for FREE.
Okay, so we have considered all the requirements for starting a chicken farm. We also took it further by analyzing and drafting a sample chicken produce marketing plan template backed up by actionable guerrilla marketing ideas for chicken farms. So let’s proceed to the business planning section.
Table of Content
- Why Start a Free Range Chicken Farm?
- Free Range Chicken Farm Business Plan – Executive Summary
- Free Range Chicken Farm Business Plan – SWOT Analysis
- Free Range Chicken Farm Business Plan – MARKET ANALYSIS
- Free Range Chicken Farm Business Plan – SALES AND MARKETING STRATEGY
- Free Range Chicken Farm Business Plan – Publicity and Advertising Strategy
- Free Range Chicken Farm Business Plan – Financial Projections and Costing
- Free Range Chicken Farm Business Plan – Sustainability and Expansion Strategy
Why Start a Free Range Chicken Farm?
If the agricultural sector looks attractive to you, and you don’t have enough start – up capital, then you should consider starting a free-range chicken farming business. Although you don’t need a college degree to establish your own free range chicken farming business, but you would need some form of informal training, you just have to acquire basic knowledge as it relates to rearing chickens, the kind of food they heat and how to source for market for your chicken and eggs.
The truth is that, when you are into free range chicken farming business; rearing your chicken in your backyard, one of the most economical ways of feeding them is to grow your own mealworms at home for them. Mealworm is perhaps the most ideal meal to feed home grown chickens and it is less stressful and inexpensive when you do it yourself.
If you are sure that this type of business is what you truly want to do after you must have conducted your market research and feasibility studies, then the next step to follow is to write a good business plan. Below is a sample free range chicken farming business plan template that will help you successfully write yours with little or no stress;
A Sample Free Range Chicken Farm Business Plan Template
- Industry Overview
Free range chicken farming is a method of chicken farming where the chickens, for at least a good part of the day, are allowed to roam freely outdoors, rather than being confined in an enclosure for 24 hours each day as obtainable in a standard poultry farms.
Generally, in most chicken range farms, the outdoors ranging area is fenced, in so doing, making the area an enclosure, though, free range chicken farming systems usually offer the opportunity for extensive locomotion and sunlight prevented by indoor housing systems.
Chicken meat which is in the class of white meat is generally consumed in all parts of the world and it is indeed very sweet and healthy. There are loads of free range farms that raise chickens and they are quite making huge profits from the business.
The Chicken and Turkey Meat Production industry includes free range chicken farms that raise chickens basically for meat production. Downstream meat processors and food producers supply farmers with chicks, feed and payment, according to contractual agreements. Revenue is recorded in the final prices that free range chicken farmers receive per average weight of live chicken.
The free range chicken farming line of business in recent time has experienced positive trends in demand for chicken meat. Of course, increasing health consciousness among American meat consumers has boosted consumption of white meat such as turkey and chicken, which is also more affordable than beef or pork.
Going forward, the industry will continue to enjoy appreciable growth and free range chicken farmers will keep smiling to the bank. Falling input prices will enable free range chicken farmers to increase production volumes; on the other hand, many farms will consolidate to gain the benefits of economies of scale.
It is important to mention that in the united states; USDA free range regulations presently apply only to poultry and indicate that the animal has been allowed access to the outside and the USDA regulations do not specify the quality or size of the outside range nor the duration of time an animal must have access to the outside world (away from their cages).
There have been proposals to regulate by the USDA the labeling of products as free range within the United States. As at present, what constitutes raising an animal free range is entirely decided by the producer of that product.
If you are looking towards leveraging on the agriculture industry to generate huge income, then one of your best bet is to start a free-range chicken farming business and concentrate on the rearing and sale of chicken and egg. One thing is certain about starting a free range chicken farming business.
If you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your chickens and eggs because there are always food processing companies and consumers out there who are ready to buy from you.
Free Range Chicken Farm Business Plan – Executive Summary
Osmosis Free Range Chicken Farms is a world – class and licensed free range chicken farming business that will be based in the outskirt of Baton Rouge, Louisiana – United States. We have done our detailed market research and feasibility studies and we were able to secure 25 hectares of land to start our free-range chicken farming business. Our free-range chicken farm is going to be standard farm hence will be involved in raising, processing and marketing chickens on a commercial level; we export live chickens, processed chickens and eggs to other countries of the world.
We are in the free-range chicken farming 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 export live and processed chickens from the United States to other countries and over and above to make profit.
Osmosis Free Range Chicken Farms is well positioned to become one of the leading free – range chicken farming 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 farms with. We have put process and strategies in place that will help us employ best practices when it comes to raising healthy chickens as required by the regulating bodies in the United States of America.
At Osmosis Free Range Chicken Farms, 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.
Osmosis Free Range Chicken Farms is a private registered free range chicken farming company that is owned by Mr. Douglas Mendez and his immediate family members. The free – range chicken farm will be fully and single handedly financed by the owner – Mr. Douglas Mendez and his immediate family members at least for a period of time. He is well experienced and highly qualified to run this type of business.
- Our services
Osmosis Free Range Chicken Farms is a standard free range chicken farms company that is committed to raising chickens for both the United States’ market and the global market. We are in the free – range chicken farms 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 free – range chicken farms. If need arises we will definitely add more poultry produce to our list;
- Raising, processing and marketing chickens on a commercial level; we export live chickens, processed chickens and eggs to other countries of the world.
- Broiler chicken production
- Roaster chicken production
- Fryer chicken production
- Cornish hen production
Our Vision Statement
Our vision as a company is to become one of the leading free range chicken farming brands not just in the United States of America but also on the global stage.
- Our Mission Statement
Osmosis Free Range Chicken Farms is a world class and registered free range chicken farms company that is committed to raising chickens for both the United States’ market and the global market. We want our chickens to flood the nooks and crannies of the United States and other countries of the world.
- Our Business Structure
Osmosis Free Range Chicken Farm is a family owned and managed free range chicken farming business that intends starting small in Baton Rouge – Louisiana, but hopes to grow big in order to compete favorably with leading free range chicken farms and commercial poultry farms in the poultry 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 the reason why we are committed to only hire the best hands within our area of operations.
At Osmosis Free Range Chicken 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
- Free Range Chicken Farm Manager
- Human Resources and Admin Manager
- Accountant / Cashier
- Sales and Marketing Executive
- Free Range Chicken Farms Utility Employees
Roles and Responsibilities
Chief Executive Officer
- Relates, and applies the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Accountable for fixing prices and signing business deals
- Responsible for providing direction for the business
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Reports to the board
Free Range Chicken Farm Manager
- Responsible for the planning, management and coordinating all farm activities across the various sections on behalf of the organization
- Supervise other section manager
- Ensure compliance during project executions
- Providing advice on the management of free range chicken 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 location and growth of chickens in our free-range chicken farm
- Responsible for overseeing the accounting, costing and sale of chickens in our free-range chicken farms
- Represent 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.
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.
- Accountable for developing and managing financial systems and policies
Sales and Marketing Manager
- Achieves external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
- Model 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 the business
- Writing 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
- Develop, execute and evaluate new plans for expanding increase sales
- Create new markets cum businesses for the organization
- Empower and motivates the sales team to meet and surpass agreed targets
Field Workers / Contract Staff
- Responsible for daily collection of eggs
- Responsible for feeding chickens as instructed by the supervisor
- Responsible for cleaning the free-range farm environment
- Change the water for the chickens as instructed by the supervisor on a regular basis
- Handles farm implements and machines (hatchery) as instructed by the section manager / supervisor
- Assist in handling the chickens during sales
- Carries out task in line with the stated job description
- Assist in transport working tools and equipment from the free-range chicken farming location and back to the designated store room
- Handles any other duties as assigned by the line manager.
Free Range Chicken Farm Business Plan – SWOT Analysis
Osmosis Free Range Chicken 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 free range chicken farming company that will favorably compete with leading free range chicken farms and commercial poultry farms 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 free – range chicken farm that can favorably compete in the highly competitive commercial poultry farms cum free range chicken farms 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 Osmosis Free Range Chicken Farms®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Osmosis Free Range Chicken Farms®, LLC;
Our strength as a free range chicken farm is the fact that we have healthy relationships with loads of major players (agriculture merchants) in the industry; both suppliers of poultry feeds and medications and buyers of chickens and eggs within and outside of the United States of America.
We have some of the latest chicken farming hatchery, tools and equipment that will help us raise chickens 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 Baton Rouge – Louisiana in our payroll.
Our weakness could be that we are a new free range chicken farms 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 we will overcome this weakness with time and turn it to a major advantage for the business.
The opportunities that are available to us as a standard free range chicken farm rearing cannot be quantified, we know that there are loads of households, and businesses such as hotels and fast food restaurants that can’t do without daily supply of chicken meat. We are well positioned to take advantage of this opportunity
Some of the threats and challenges that we are likely going to face when we start our own free range chicken farming business 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 chickens and other birds) within same location. There is hardly anything we can do as regards this threats and challenges other than to be optimistic that things will continue to work for our good.
Free Range Chicken Farm Business Plan – MARKET ANALYSIS
- Market Trends
The Chicken Meat Production industry and free range chicken farming business has greatly benefited from campaigns advertising the health benefits of chicken meat and eggs as a good source of protein. No doubt, the increased demand of chicken and eggs from households and food related businesses and of course the growing popularity of specialty and processed and canned chicken meat 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 animal welfare.
As a matter of fact, one of the new trends is that with the recent advancement in technology, free range chicken farmers can now comfortably monitor the flow of their chickens within the set perimeters / range as required by the regulatory authority, and they can as well successfully predict and produce the quantities of chickens or even eggs per time. This has indeed helped them in proper planning and budgeting for the business.
- Our Target Market
Naturally, the target market of those who are the end consumer of free range chicken farm produce and also those who benefits from the business value chain of the free – range chicken farming business is all encompassing; it is far – reaching.
Every household consumes produce from free range chicken farms be it chicken or egg. So also, almost all hotels and fast restaurants sell chicken meat and eggs. In essence a free – range chicken farmer should be able to sell his or her chickens and eggs to as many people as possible.
In view of that, we have positioned our business to attract consumers of chickens and eggs 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 business that we will market our chickens and eggs to;
- Fast food eateries
- Agriculture merchants
It is easier to find entrepreneur flocking towards an industry that is known to generate consistent income and most especially if the start – up capital for such business is minimal and this is why there are loads of free range chicken farmers 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 free range chicken farming cum poultry farming and egg 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.
Osmosis Free Range Chicken Farms®, LLC is fully aware that there are competitions when it comes to selling chicken meat and eggs 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 free range chicken farming processes that can help us sell our chickens and eggs 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 chicken feeds and medications and buyers of chickens and eggs within and outside of the United States of America.
We have some of the latest free range chicken farming hatchery, tools and equipment that will help us raise and produce eggs 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 Baton Rouge – Louisiana under 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 free range chicken farming and commercial poultry farms and egg 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.
Free Range Chicken Farm Business Plan – SALES AND MARKETING STRATEGY
We are quite aware that the reason why some free – range chicken farming business hardly make good profits is their inability to sell off their chickens and eggs as at when due. Our sales and marketing team will be recruited based on their vast experience in the free – range chicken farming line of business 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 Osmosis Free Range Chicken 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 chickens and eggs from the chicken meat production industry who are likely to become our customers.
In summary, Osmosis Free Range Chicken Farms®, LLC will adopt the following strategies in marketing our commercial farm produce;
- Introduce our business by sending introductory letters alongside our brochure to stake holders in the agriculture industry, households, hotels and restaurants and agriculture produce merchant et al.
- Advertise our business in agriculture and food related magazines and websites
- List our free – range chicken farming 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
Osmosis Free Range Chicken Farms®, LLC is in the free – range chicken farming 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 Osmosis Free Range Chicken Farms®, LLC;
- Raising, processing and marketing chickens on a commercial level; we export live chickens, processed chickens and eggs to other countries of the world.
- Broiler chicken production
- Roaster chicken production
- Fryer chicken production
- Cornish hen production
Going by the market research and survey conducted, we were able to discover that the sales generated by a free – range chicken farming business depends on the size of the 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 free – range chicken 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 projections are based on information gathered on the field and some workable assumptions as well with respect to the nature of free range – chicken farming business that we run.
Below are the sales projections for Osmosis Free Range Chicken Farms®, LLC it is based on the location of our business and other factors as it relates to free – range chicken farming start – ups in the United States;
- First Fiscal Year-: $250,000
- Second Fiscal Year-: $500,000
- Third Fiscal Year-: $750,000
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. Please note that the above projection might be lower and at the same time it might be higher.
- Our Pricing Strategy
Some of the factors that will help you sell your chickens and eggs 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 free – range chicken farm, then it will directly affect the prices of your chicken and eggs.
Over and above, if you want to get the right pricing for your chickens and eggs, then you should ensure that you choose a good location for free – range chicken farm, choose a good breed that will guarantee bountiful harvest, cut the cost of running your free – range chicken farm to the barest minimum and of course try as much as possible to attract buyers to your free – range chicken farm as against taking your chickens and eggs 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 chickens and eggs is to sell them at competitive prices hence we will do all we can to ensure that the prices of our chickens and eggs of all sizes are going to be what other free – range chicken farmers and commercial poultry farmers would look towards beating.
One thing is certain, the nature of free – range chicken farming makes it possible for farmers to place prices for their chickens and eggs 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 Osmosis Free Range Chicken 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 Osmosis Free Range Chicken Farms®, LLC will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via credit cards / Point of Sale Machines (POS Machines)
- Payment via online bank transfer
- Payment via check
- Payment via mobile money transfer
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for the purchase of chickens and eggs 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 our chickens and eggs.
Free Range Chicken 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 (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 free – range chicken farming business. Below are the platforms we will leverage on to boost our free – range chicken farms 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 Baton Rouge – Louisiana
- 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 Osmosis Free Range Chicken Farms®, LLC and the poultry 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.
Free Range Chicken Farm Business Plan – Financial Projections and Costing
When it comes to calculating the cost of starting a free – range chicken farm, there are some key factors that should serve as a guide. The breeds of chicken and numbers of chicken to be raised in the farms determines 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. 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 free – range chicken farming 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 free – range chicken farm in the United States of America;
- The total fee for incorporating the business in United States of America – $750.
- The amount needed to acquire / lease a farm land – $50,000
- The amount required for preparing the farm land (perimeter fencing et al) – $30,000
- 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 Osmosis Free Range Chicken 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 chickens – $10,000
- The cost for acquiring the required working tools and equipment / machines / hatchery 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 two hundred thousand dollars ($200,000) to start a standard free – range chicken farm business in the United States of America.
Generating Funds / Startup Capital for Osmosis Free Range Chicken 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 free – range chicken 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.
Osmosis Free Range Chicken Farms®, LLC is a family business that is solely owned and financed by Mr. Douglas Mendez and his immediate family members. They do not intend to welcome any external business partners 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 $40,000 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.
Free Range Chicken 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 Osmosis Free Range Chicken 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 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.
Osmosis Free Range Chicken 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 perimeter fence around the range: 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
- Compilation of our list of products that will be available in our store: Completed
- Establishing business relationship with vendors (suppliers of chicken feeds and drugs) and other key players (chicken and egg wholesalers) in the industry: In Progress