Agricultural Business Plan is a statement of goals and the process or steps to take in attaining them.
Just like all other business enterprise, agricultural business also needs a well detailed written document known as a business plan to state its goals and how they become reality. So many agricultural businesses have failed simply because many do not see the importance of a business plan. It's so because they don't see agriculture as a business which is the first step to failure. A wiseman once said " when you fail to plan, it means you've plan to fail"
Business Plan has three major elements which are;
1. Description of the business model: this consists the executive summary, business description, operation plans, intro to mgt, projection of results, SWOT analysis etc.
2. Marketing model : this will cover who your target customers are, that's market segmentation and you'll make it happen.
3. Financial projection : this takes care of amount to be spent from the beginning to the end of the project, the expected revenue and profit. It also shows if the project is viable and worthwhile to venture into.
Importance of ABP
1. It shows the vision of the business and how to achieve it.
2. It shows the financial projection of what the business will cost to develop.
3. It forecasts expected revenue and profit.
4. It can be use to obtain loan from the banks.
5. It can also be use to obtain grants.
For a well detailed Agricultural Business Plan, kindly contact Feed The World Agribusiness (FETWAB) on 08108776718 ( call only) or 08059371220 (whatsapp only).
You can as well contact us for hybrid seeds like maize, cucumber, watermelon, tomatoes etc. Plantain suckers, catfish (fingerlins, juveniles etc). We're also farm establishment, training and consultancy.