Also, once Grant Funding is received, the Company plans to pay down accounts payable.
Agricultural tools and implements Sales Forecast The livestock feed business is one that will always be in demand due to the fact that there are more than enough livestock farmers and others who use livestock feed for purposes that are important.
San Antonio is one of the largest cities in Texas with a population of more than 1.
The location therefore has us well positioned to cater to all our intending and existing customers. This also has us confident of the fact that we would not only generate enough revenue but that we will break even and make profit in our first year of business that will grow and sustain our business.
We have also taken a critical look at the agricultural cum agribusiness industry in order to analyze our chances at making it in the business we intend to start up.
The sales forecast we therefore came up with is one that was gotten after using several assumptions and data from similar start-ups such as ours here in San Antonio — Texas. Below therefore are the sales projections for Livestock Feeds and Mo Inc based on certain statistics and data used; First Fiscal Year-: Should any of the assumptions or data change, there would be an increase or decrease in the stated figures.
Marketing and Sales Strategy Because we intend to sustain and grow our livestock feed mill business, we would take our marketing goals very seriously in order to ensure that we deliver on our corporate goals and objectives.
Marketing for us is a means of generating revenue as well as creating awareness for our products and services. In order therefore to create the right marketing strategies that would suit our business, we intend to therefore conduct a market survey that will allow us understand who our target market is, what they want from us, and how best to penetrate the available market and position our business to grow and effectively compete against its competitors.
We would be using detailed data and information that was gotten from similar businesses such as ours here in San Antonio — Texas. We would be engaging the services of a reputable marketing consultant who understands the industry well to help us craft effective marketing strategies that will allow our livestock feed business to win a large share of the target market not only here in San Antonio but throughout the United States of America as well.
We also intend to ensure that our marketing and sales team ensures that marketing strategies crafted fully align with our corporate sales goals and vision. Our marketing team have animal feed mill business plan empowered to modify or remove marketing strategies that are not deemed effective in helping achieve our intended goals and objectives.
Therefore, Livestock Feed and Mo Inc will adopt the following sales and marketing approach in order to sell its products to its various customers; Ensure that relevant customers and stakeholders are aware of our livestock feed business her in San Antonio — Texas. Start off our livestock feed mill business with a party that will generate interest and capture the attention of our target market.
Ensure that our livestock feed mill business is listed in yellow pages, farmers guide and online directories. Use social media platforms such as Facebook, Twitter and Linkedin to advertise and market our products and services Place adverts in local newspapers and on radio and television ststaions here in San Antonio Engage in direct marketing and sales of our products Livestock Feed Mill Business Plan — Publicity and Advertising Strategy Publicity is not only a way of creating awareness but also ensuring that a business generates revenue that will help grow and boost the business.
Having the right publicity for our business is therefore important as we intend to create awareness within our target market for existing and new customers that will positively communicate our business and project our brand positively. We will therefore engage the services of a publicity consultant here in San Antonio who thoroughly understands the agribusiness sector of the agricultural industry to help us create publicity strategies that would allow our business stand out and make us to be able to compete favorably against similar competitors here in San Antonio.
The publicity strategies that we will use to promote and communicate our brand are; Ensure that we place adverts in local newspapers as well as on radio and television stations Distribute our handbills and fliers in different strategic locations here in San Antonio Use social media platforms such as Facebook, Twitter and Linkedin to further promote and increase publicity for our livestock feed mill business Engage in and sponsor relevant programs in the community Install flexi banners and bill boards at strategic positions all over San Antonio so as to increase the awareness for our business Ensure that we create a unique logo and have this emblazoned on our delivery truck so that people would be able to recognize our business.
Our Pricing Strategy Setting a price for our livestock feed as well as other products and services that we would be offering at Livestock Feeds and Mo Inc is very important because we do not want to set a price that will allow us run at a loss or chase our customers away.
Therefore before setting our price, we would be making some consideration on certain factors such as what it would cost us to produce these feeds, our overhead expenses, what our nearest competitors are offering and the size of the feeds.
Because we however are a new business and want to ensure we get a large share of the market, we would be offering our customers a price discount on our products and services in order to create awareness for our business and attract more customers.
The price discount strategy has been carefully reviewed by us and while we might be running on a low profit margin during this period, we would however not be running at a loss. Payment Options Because we always want the best for our customers, we at Livestock Feeds and Mo Inc have come up with different payment options that would suit all our diverse customers and whatever preferences they might have.
The payment options that we will therefore make available at Livestock Feeds and Mo are; Payment via cash Payment via online payment portal Payment via credit card Payment via Point of Sale POS machine Payment via bank draft Payment via check Start-Up Expenditure Budget The livestock feed mill business is one that requires certain equipment and structures in place, which will take a chunk of the start-up capital in order for it to be referred to as a standard business.
Therefore, we intend to spend the bulk of our capital in getting the raw materials for the feed, constructing a feed mill, getting a truck, buying a land and paying the salaries of employees.
It should be noted that the bulk of the capital will go into buying a land and building several facilities on it, procuring a delivery and an errand truck, getting start-up inventory and setting up a feed mill and also paying the salaries of employees and utility bills for the first six months.
The areas where we therefore intend to source for our start-up capital from are; Generate start-up capital from personal savings and sale of stock Source for grants from the federal government Apply for loan from the bank N.
Starting a Livestock Feed Production Company – Sample Business Plan Template If you don’t have enough money to buy the necessary equipment, this is what you should do. Now animal feed is about the formula-the ingredients you put into it and the ratio you use. Feed And Cattle Supply Business Plan This is a free, printable business plan outlining the necessary services, organization and market strategies for feed and cattle suppliers, and those working in the livestock and animal care industry. If you are planning to start a business manufacturing animal feed, then this guide is for you. Here, you will get a basic idea about the business, its general operation and capital needs. Setting up an Animal Feed Manufacturing Company. comments; 10 expert advice; i want to set animal feed mill setup. plz tell me how much cost.
All the documents concerning the loan has been approved and signed on and we have been told that the amount will be credited to our business account before the week runs out. Livestock Feed Mill Business Plan — Sustainability and Expansion Strategy The sustainability of a business depends on what plans are being put in place to ensure that the business survives for a long time.
We intend to have our livestock feed mill business exist for a long time and so we will ensure that certain factors that will allow our business to remain long in existence and grow are not taken for granted.
We will ensure that we build a sound business structure, carrying out intensive publicity and also re-invest in our business.
Building the right business structure is very important to us and as such we do not mind going the extra mile to ensure that we get employees that are not only experts but committed and dedicated to ensuring that they put in their best to see our livestock feed mill business grow. Our employees all come with experience and understand how things are done in the industry in order to make sure a business like ours grow.
We intend to make sure that our employees are not only well paid and have the best incentive and welfare packages but that they are also allowed to go for training that would not only enhance their skills but boost productivity for our livestock feed mill business as well.
Our management team understands well the philosophies our company run on and know how best to ensure that policies are implemented for the good and growth of the business. To achieve this, we will engage the services of a reputable publicity consultant here in San Antonio, who understands the industry and will therefore craft the right publicity strategies that will not only boost our business and positively communicate our brand, but will allow us stand out and compete favorably against our competitors.Latheethen Feeds, Inc.
is a well-established custom feed store. The company is engaged in the production of custom livestock feeds, bird feed, deer feed, and other animal products in relation to livestock animals, pets, etc.
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