New entrepreneurs with great ideas often overlook the benefits that a formal education can bring. If you’re thinking of opening a new business, it’s important to take at least a few business classes first -they’ll help you avoid common, costly mistakes.
You can profit a lot from owning a poultry business. A poultry business can be a viable venture because there will always be people buying your products. Chicken meat, eggs and other poultry products attract big markets, as well as private business owners who are into the food business.
Running a live poultry business is not an easy task, though, as it requires a lot of patience. You also need good seed money to start with, but the rewards will pay off fast. Some poultry business owners make millions a year because they know how to handle their business properly. There are several things that you need to know when running a live poultry business.
- Starting out. If you’re in the process of planning a poultry business, consider the costs of starting up. For instance, you need to have land and space for your chickens, the actual animals themselves, and food for their nutrition. You should have enough seed money to invest in the business, and to cover costs before you can sell your animals and before they lay eggs.
- Feeds and nutrition. The primary costs in running a live poultry business involve buying feeds and vitamins for your chickens. Although you can just harvest fresh grain if you have a large farm, you will need to buy feeds from the market, and vitamins from your local veterinarian.
- Transportation. Having a reliable vehicle is also important if you’re running your own live poultry business. You would need a truck for delivering chickens to the slaughterhouse, or your eggs to the market. Usually, trucks with customized cages are best for these situations. Some customized trucks will let you easily transfer chickens without necessarily having to manually herd and handle them.
- Space. You also need enough space for your poultry animals. They should be in a place where they can live comfortably. Some buyers prefer free-range chickens and eggs, and this means growing your chickens in un-enclosed areas. You should also have a quarantine space for your sick animals. The important thing is to shelter your chickens and eggs from harsh weather like extreme heat and rain.
- Health. If any one of your animals gets sick, then they could spread the disease quickly, and wipe out the entire population in your care. This is a very serious threat to your business, as you would have to purchase and grow them all over again. If you see a fowl that looks limp and is not acting like it should, get it away from the flock pronto. You don’t want to sell sick animals.
- Marketing. Another important factor to consider is marketing your poultry products. If you’re still starting out, you have to get in touch with buyers, slaughterhouses, grocery stores, and even other poultry growers. This way, you have a steady stream of business.
Running a live poultry business is a viable undertaking because food will always be in demand. The trick to succeeding in this business is to keep costs at a minimum, and to keep your animals healthy and in good care. You can learn the basics of business finance by taking some online courses in business.