Sample Business Plan Executive Summary I plan to start up a hot dog cart vending business in the downtown Hungryville business complex serving the lunch hour business crowd This area is currently under serviced with long line ups observed at the 3 existing vendor carts and 4 sit down or take out restaurants. Many of the area workers have to walk a long distance or even drive to get to these existing venues.
This strategic business plan was drawn up to assist the entrepreneur to expand on the existing capacity of his farm business which specialises in the rearing and selling of sheep and related by-products.
Micheal currently owns 65 sheep consisting of the breed Ram and Ewes. This business plan was drawn up to assist the entrepreneur to expand on the existing capacity of his farm business which specialises in the rearing and selling of sheep and related by-products.
Micheal has previously studied Marketing and Business Management. These qualifications will be beneficial to AfriAgric Sheep Farming. The entrepreneur intends to add onto his skills and competencies by studying Sheep husbandry with a recognized training centre or Agricultural institution.
The potential and wholesomeness of sheep farming cannot be overstated as sheep farming is an essential source of benefits such as the following: Sheep farming also outlooks essential by-products such as dung which is used in fuel production as well as bio gas production.
Indirect benefits of sheep farming encompass weed control and many others. The entrepreneur understands the full potential of sheep farming and is keep to fully exploit the business opportunity. Michael believes in his business and is confident that AfriAgric Sheep Farm will contribute towards job creation, self reliance, economic development and poverty reduction, to mention a few principle ones.
The Business Opportunity The business opportunity was realised by the entrepreneur, Micheal - there is a growing demand for sheep meat, sheepskin, wool and associated sheep products in the region where the business is located as well as sample business plan executive summary clothing areas.
The opportunity is also attributed to factors such as the growth in population, rising income levels, growing middle income group and increasing urbanisation which stirs a demand in the main city centers.
The increase in abattoirs and butcheries also signifies the business opportunity. There is also a market for sheep dung which used for fertilizer as well as for research purposes aimed at producing fuel and bio gas.
Additionally, there is potential for the business to supply wool for the production of clothing and sheepskin for the production of leather. This policy contributes to reconstruction and development addressing issues such as the injustices of racially based land dispossession of the past, the need for more equitable distribution of land ownership, the need for land reform to reduce poverty and contribute to economic growth and much more.
As AfriAgric Sheep Farm is engaged in Agriculture, there is potential for the entity to benefit in terms of being assisted with land as a result of the existence of the current Land Re-distribution for Agriculture Development LRAD programme.
To benefit from this programme, a suitable land must be identified and thereafter the entrepreneur could approach the Department of Rural Development and Land Reform for assistance. Technical support from extension officers from the Department of Agriculture is also available.
Other issues that signify the business include the current food security concerns and intensified Rural Development. Analysis of the Market The market for sheep meat as well as the by-products of sheep is broad and can be segmented into corporate and individual consumers.
The business can anticipate a market from medium to high income earners as these purchase sheep for personal home consumption as well as for occasions such as weddings, braais, workshops, funerals, meetings, family gatherings and other social events.
Agro-processors form an essential part of the corporate market. Key buyers of sheep within the corporate arena include abattoirs, butcheries, retailers and wholesalers. The Government in terms of Municipalities, Government Departments and other Government bodies also fall under this category.
The wider private and public sector form part of the market for sheep. This market segment usually procures by means of tenders or agreed upon contracts. The quantities involved are usually much higher than those requested by individual consumers.
While corporate consumers usually procure their products in large quantities, some delay in terms of payment and can be very particular about quality standards and other issues pertaining to conformity.
The Target Market The selection of a suitable target market for AfriAgric Sheep Farm is imperative to the attainment of profitability, competitiveness and sustainability for the business. Essential factors such as the ability of the entity to meet the needs, requirements and preferences of the market segments were considered.
Other determining factors such as the profitability, growth, growth potential, size and risks of the market segments were also considered. AfriAgric Sheep Farm shall target local small to medium sized butcheries and abattoirs. The Competition The main competition for the entity mainly emanates from two other white farmers that rear and supply sheep and its associated sheep products on a commercial basis.
They supply to local abattoirs and butcheries. Indirect competition emanates from large scale sheep farmers that are in some cases integrated forward and backwards.
Suppliers of alternatives to sheep meat products which include beef, pork, fish, chicken and others will also contribute to the indirect competition of the business. Competitive Advantages In terms of competitive advantages, AfriAgric Sheep Farm will focus on niche markets as well as have a thorough understanding of the needs and preferences of its clientele.
This understanding of the needs and preferences of customers will supersede that of its competitors.
The ability of the business to respond to the needs and preferences of the market shall be instrumental to the success of the farming entity.How to Write the Executive Summary.
The executive summary contains all of the essential information about what makes your business strong and worthy of urbanagricultureinitiative.com covers the major highlights of the rest of your plan’s chapters. Jul 24, · How to Write an Executive Summary. by: Tim Berry planning.
What is an executive summary? Executive summaries for internal plans, operations plans, or strategic plans. of Bplans’ more than examples of good business plans—all available online for free—to search for the sample plan that best fits your business’s /5().
Create a Executive Summary Template in minutes using a step-by-step urbanagricultureinitiative.com Executive Summary · Online Auto-Summarize · Meeting Minutes · Speech-To-TextTypes: Non-Compete, Resignation, Organizational Chart, Incumbency Form, Affidavits.
The executive summary of the business plan needs to capture the reader's attention and get them reading the rest of the plan.
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