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<blockquote data-quote="SRBeef" data-source="post: 959865" data-attributes="member: 7509"><p>Ben, I commend you for trying to come up with a business plan. Basically you should start on the sales end: what is your saleable end product? How many are you going to sell to whom when and at what price. It may take some time to get to your target herd size... herd size is also dependent on your land and other resources available. This process will give you a gross income figure to work with.</p><p></p><p>Then go to the expense side - how are you going to raise your end product, what facility and other initial investments are required to get to your target herd size, how long can you amortize them.... What are your annual production costs likely to be once at your target herd size...</p><p></p><p>Basically then take your gross sales - your annual production costs - amortization of your initial investment/startup costs = what's left for your living expenses and profit.</p><p></p><p>The trick is getting your income up and expenses down so there is something left to repay your startup costs, provide living expenses and hopefully a reasonable profit.</p><p></p><p>In a nutshell that will get you started.</p><p></p><p>Best of luck.</p><p></p><p>Jim</p></blockquote><p></p>
[QUOTE="SRBeef, post: 959865, member: 7509"] Ben, I commend you for trying to come up with a business plan. Basically you should start on the sales end: what is your saleable end product? How many are you going to sell to whom when and at what price. It may take some time to get to your target herd size... herd size is also dependent on your land and other resources available. This process will give you a gross income figure to work with. Then go to the expense side - how are you going to raise your end product, what facility and other initial investments are required to get to your target herd size, how long can you amortize them.... What are your annual production costs likely to be once at your target herd size... Basically then take your gross sales - your annual production costs - amortization of your initial investment/startup costs = what's left for your living expenses and profit. The trick is getting your income up and expenses down so there is something left to repay your startup costs, provide living expenses and hopefully a reasonable profit. In a nutshell that will get you started. Best of luck. Jim [/QUOTE]
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