Do you want to start a worm farm from scratch and make money? Or you need a sample worm farming business plan template? If YES, then i advice you read on.
A first look at this title may make you go ‘gosh, Worm farming?’ Well, indeed worms can be reared in farms just like snail farming, pig farming and other classes of farming that you may know. Worm farming today has come to stay because it has moved from its primitive stage where it was only an activity and hobby, to what it is today – a line of business.
In every business, there are rules and guidelines that one must follow in order to achieve success. The same principles apply when you want to start out in worm farming. So if going into this kind of business is uttermost on your mind, then equipping yourself with the very right things like a worm farming business plan . These fundamentals must be put in place to start Worm Farming business and to succeed at it.
So just what are those things that you must do to kick start your worm farming business? Here are the top tips to go by.
Starting a Worm Farm – Sample Business Plan Template
Table of Content
1. Knowledge is Key
There are different types of worms that you can begin to rear. For example; there are the red worms, European night crawlers, amongst others. Having a vast knowledge of the different types of worms and their characteristics will help you decide which type or class to adopt for your Worm business. It would do you a world of good to do research, read books, and check the internet for relevant information on worms.
Not every environment is conducive for worms. Just like in normal business life, citing a business in a wrong location can spell doom for that business. It is therefore imperative that you get a moist place. This could be either the basement in your house or an artificially constructed rearing facility that is moist enough for the worms.
That is not to say that these worms don’t do well in harsh weather conditions, but it means it could still withstand temperatures in the range of 40 – 80 F (4 – 27 C). Also, you must be sure to keep them out of the rain. The reason you see worms when it rains is because they look for warm weather conditions, and so are all out in the rains looking for a warm place to hide.
3. Build a Suitable Container
You would definitely need quite a number of containers to put the worms in. This depends on what scale you have decided to start. These containers will help to house the worms, and they don’t necessarily have to be expensive. It could be made out of plastic, fiberboard or even wood.
However, the wood is probably the best because it has the capacity to hold the moist from the soil .You could construct them yourself or visit a local store to buy worm houses. Mark you, it is important to drill drain holes in the containers.
4. Lay the Container with Beddings
Different materials can be used for this purpose – shredded papers are most probably the most convenient to get and it also provides enough comfort for your worms. Nonetheless, you could also use shredded cardboard, leaves and other yard wastes.
Mix these with some scoops of soil because worms need some dirt. Desist from using any toxic material for beddings, as the worms could be hurt or killed in the process. Be sure to keep the bin filled at about three-quarter level, as well as keep it damp and free from dripping.
5. Choose Your Worm Type
As noted earlier, there are different kinds of worms. However, you have to decide on which type you want to place in your worm farm. Try to figure out these questions; where you will get them from? What quantity would you need to start with?
Also, note that whichever kind you choose automatically determines the kind of clients you could attract for profit. Red worms are excellent for making the compost that green gardeners use for fertilization. You could go the extra mile of searching the internet to find hybrid sellers who can pay more.
6. Fill the Containers with Correct Ration of Worms to bedding and Food
Here is one other area you must be sure to get right; the standard rule which is acceptable is a 2:1 ratio of pounds worms to daily pounds of food. This amounts approximately to 2000 night crawlers. Hence, your bin should be large enough to accommodate this number so as to prevent a stampede amongst the worms in these containers.
7. Feed Your Worms Daily
After you have taken the step talked about earlier to research the kind of breed you would want to rear, you must have also armed yourself with the information about how often you should feed them. So, as a rule of thumb, avoid feeding them with meat, dairy, overly oily foods and grains.
If you do, it becomes smelly and could attract flies. Coffee grounds, and granulated egg shells are also a good source of meal for worms. They are also very cheap to get especially as you might want to save some money. Be sure to ensure you place the food in one spot and not spread it around.
8. Go to the Local Market
As your worms begin to grow and multiply, it becomes imperative that you go to market to make some profit. Tell people who you think might need the worms about how advantageous it might be for them when they buy your worms. Contact your prospective customers and clients to let them know that the supply is ready.
As it is for every other business, you must begin at the outset of your business to think about its future, the purpose of going into business is to have it grow in years to come. Begin to brainstorm and map out what the growth projection of your worm business might be.
Also, you can begin to plot how you might possibly stay at the top of your game when indeed that growth comes. How you pull all these all off depends greatly on the first foot you put out to start this business.