The bee farm business plan talks about something every reader is familiar with: honey. But that's not the only consideration in the document. You should, of course, describe the honey you'll offer and gauge the quantities of each crop, and there's no harm is trying to put words to the particular flavor and consistency of your honey, but those are just the "for starters" details that the business plan needs. The SBA expects a careful, in-depth analysis and it will take time to prepare it well. A complete bee farm business plan will answer each of the following points:
• Are there other honey-based products you'll create or sell?
• What are your COGS and the likely wholesale (or retail) price points?
• Will you need assistants on staff?
• How will you market your products?
• What permitting, liability, and other legal issues will the bee farm face, and how much will you budget for them?
The bee farm business plan needs a financial pro forma that includes a use of funds summary and highlights table, a personnel plan, the revenue forecast and break-even, a profit and loss statement covering each of three years, and a cash flow and running balance sheet. You'll also want to create a monthly detail for the critical first year post-funding, along with a calculator for any investment share (if applicable) and proof that you will be able to cash flow all loan repayments. A market analysis (who are the buyers and where), industry and competition snapshot, and marketing plan are also required. The team of business planning professionals at MasterPlans has been working on start-up and existing business plans since 2002 and now has 10,000+ clients to its credit. Call today to learn how the team at MasterPlans can help you: 877-453-2011.
