British Online MBA

Starting a Farming Business from Scratch With No Money

SPONSORED SEARCHES

insurance marketing companies

how to start commercial farming

buying a small business

how to start a farm with no money

starting a commercial farm

Are you interested in starting a commercial farm from scratch? If YES, here is a complete guide to
starting a commercial farming business with little money and no experience.

Okay, so we have provided you an in-depth sample commercial farming business plan

(http://www.profitableventure.com/commercial-farming-business-plan/) template. We also took it further
by analyzing and drafting a sample commercial farm marketing plan backed up by actionable guerrilla
marketing ideas for commercial farms. In this article, we will be considering all the requirements for
starting a commercial farming business. So put on your entrepreneurial hat and let’s proceed.

The agricultural industry of which commercial farming is a subset of is no doubt among the leading
industry in most countries of the world; it is the industry that produces food for the populace and raw
materials for industries. Because of the significant role the agriculture sector plays, the government of
most countries ensures that they go all the way to subsidize seedlings, fertilizers, and farming implements
and machinery for farmers and also encourage entrepreneurs to go into farming.

Why Start a Commercial Farming Business?

There are several business opportunities available in the agricultural industry and one good thing about the
industry is that there is market for all the produce from the industry. Over the years, researchers and
scientist have been researching on ways to improve crop cultivation especially in areas where the soil
composition and climatic condition does not support the growth of certain crops (cash crops, food crops
et al). So also engineers have been improving on their invention as regards mechanized farming et al.

If you are looking towards leveraging on the agriculture industry to generate huge income, then one of your
best bet is to start a commercial farm. Commercial farming is all about mass – cultivation of crops and
rearing animals, fish, and birds’ et al for the sole aim of making profits. In most cases it is referred to as
mechanized farming.
 As a matter of fact, with the recent advancement in
technology farmers can now comfortably grow crops in a
country where such crops can hardly survive and in places
where there are few farming land, people can make use of
the rooftop (basement) of their houses to cultivate crops
even for commercial purposes.

What Does It Take to Start a Commercial Farm?

One thing is certain about commercial farming, if you are
able to conduct your market research and feasibility
studies; you are more likely not going to struggle to sell
your farm produce because there are always food
processing companies and consumers out there who are
ready to buy from you.

Lastly, with commercial farming, you can afford to combine crop cultivation and animal husbandry or you
can decide to only special in the cultivation of crops or rearing of animals / birds / fish. The bottom line is
that if you have enough land (space) and you are interested in maximizing commercial farming, you are
sure going to make huge profits from the business.

Starting a Farming Business from Scratch With No Money – A Complete Guide

Commercial Farming Industry Overview

Statistics has it that there were 2.2 million farms, covering an area of 922 million acres (3,730,000 km2),
and an average of 418 acres (1.69 km2) per farm in the United States of America. No doubt, an estimated
97 percent of farms in the United States of America are operated by families, family partnerships, or family
corporations.

Statistics also has it that farming (most especially

commercial farming) employs more than 24 million
submersible sewage American workers (which is roughly17 percent of the total
pump price workforce in the United States). For example, in 2006, the
shenwupump.com average American farmer grew enough food for about 144
APK® submersible pump high quality&high other people and also in 1940, the average farmer grew
efficiency, reasonable price. sold all over food for about 19 other people (which was close to
world. enough food).

Interesting Statistics About the Agriculture Industry

OPEN Records has it that in 2007, just 187,816 of the 2.2 million
farms in the United States of America accounted for 63%
of sales of agricultural products, marking a trend toward
the concentration in agricultural production. Agricultural efficiency has increased over the past century
from 27.5 acres/worker in 1890 to 740 acres/worker in 1990

It is on record that American dairy farmers receive less than $1.32 per gallon of milk they produce from
their farms and the average retail price of milk $2.76. The average cow produces 7 gallons of milk a day,
2,100 pounds of milk a month, and 46,000 glasses of milk a year. There are 350 squirts in a gallon of milk.
For example, rearing beef cattle is the single largest segment of the United States of Americas’ agriculture
industry. Statistics has it that The United States of America produces more beef than any other country in
the world and about 34 million cows are slaughtered in the U.S. every year.

Global statistics has it that commercial livestock farming employs about 1.3 billion people globally and
livestock farming feeds billions of people and employs 1.3 billion people. That means about 1 in 5 people
on Earth work benefits from the business value chain of commercial livestock farming.

For instance, in the United States of America and in other developed countries, most livestock is raised on
large factory farms called concentrated animal feeding operations (CAFOs) and the largest CAFOs house
poultry and contain more than 125,000 chickens at one time.

Statistics shows that more than 100 agricultural crops in the U.S. are pollinated by bees. In fact, one out of
three bites of food people eat is thanks to honeybees. Bees contribute to more than $15 billion worth of
crops every year through pollination.

Despite the fact that commercial farming has been in existence since time immemorial, that does not in
any way make the industry to be over saturated; commercial farmers are exploring technology to continue
to improve cultivation processes and also food preservation process; mechanized farming has indeed
increased the tons of food produced by farmers. The fact that there is always a ready market for
commercial farming produce makes the business ever green.

Entrepreneurs are encouraged and motivated to start their own commercial farm business simply because
it is a profitable business venture, and also it is a business that attracts government supports and funding.
More so, acquiring farm land is far cheaper when compared to acquiring land for real estate purposes.

Starting a Commercial Farming Business – Market Feasibility and Research

Demographics and Psychographics

The demographics and psychographics composition of those who are the end consumer of commercial
farm produce and also those who benefits from the business value chain of the agriculture industry is all
encompassing; it is far – reaching.

Every household consumes produce from commercial farms be it vegetables, fruits, grains, tubers, fish,
eggs, poultries, and cattle et al. So also a large chunk of manufacturing companies depends on
commercial farms for some of their raw materials. In essence a commercial farmer should be able to sell
his or her farm produce to as many people as possible.

List of Niche Ideas within the Commercial Farming Industry

There are several areas an entrepreneur who is looking towards starting a commercial farm can specialize
in and as a matter of fact, it is easier for a commercial farmer to combine two or more niches especially if
they have the resources and trainings.

These are some of the available niche ideas within the commercial farms industry;

Cash Crop Cultivation (Tobacco, Coffee, Cotton, Rubber et al)

Crops Cultivation (Vegetable, Grains, Tubers et al)
Fruits Plantation
Poultry Farming (http://www.profitableventure.com/starting-a-poultry-farm-business/)
Animal Husbandry (Cattle Ranch, Dairy Farms, Pigs Farming, Grass cutter Farming)
Fish Farming
 Bee Farming

The Level of Competition in the Agriculture Industry

It is easier to find entrepreneur flocking towards an industry that is known to generate consistent income
which is why there are more commercial farmers in the United States of America and of course in most
parts of the world.

For example, Statistics has it that there were 2.2 million farms in the United States of America, covering an
area of 922 million acres. These goes to show that there are appreciable numbers of farmers in the United
States of America but that does not mean that there is stiffer competition in the industry.

As a matter of fact, entrepreneurs are encouraged by the government to embrace commercial farming.
This is so because part of the success of any nation is her ability to cultivate her own food and also export
foods to other nations of the world.

List Of Well – Known Brands in the Agriculture Industry

These are some of the well – known innovative commercial farms brand both in the United States and
perhaps the world;

Sky Greens Farms in Singapore

The Pasona HQ office building in Tokyo, Japan
The Roots on the Rooftop in downtown New Orleans
Vancouver’s Local Garden
Green Sky Growers in Winter Gardens, Florida
The Greenhouse Project, New York City
Sweet Water Organics in Milwaukee, Wisconsin
Growing Power in Milwaukee, Wisconsin

Economic Analysis

If your intention of starting a business is to maximize profits and to favorable compete with other players
in the industry you intend pitching your business tent, then you should endeavor to go all out to conduct
thorough economic analysis. With a thorough economic analysis, you will be able to determine the total
amount that is safe for you to invest in the business, and also you will be able to make projections on the
profits you are likely going to get from the business.

When it comes to the economic analysis for commercial farm business, you should be guided by the value
of farm land in the area you intend starting your commercial farm, the type (niche) of commercial farm you
want to start, the size of the farm, the cost of farming equipment, the numbers of employees you intend
hiring and of course the market value of the farm produce and the available market.

Is Farming Worth Starting from Scratch or is Buying a Franchise Better?

If you are looking towards starting a commercial farm, then you must be willing to start from the very
scratch simply because there are no opportunities to buy a farm franchise. It is fact that you can hardly
come across anyone selling a farm franchise. This is so, because the nature of commercial farm business
gives room to entrepreneurs who are interested in starting the business to start from the scratch and still
build the business to compete with leading farms especially if you have the needed resources.

Possible Threats and Challenges You Will face When Starting a Commercial Farm
Some of the threats and challenges that you are likely going to face when you start your own commercial
farm are global economic downturn that can impact negatively on household spending, bad weather cum
natural disasters (draughts, epidemics), unfavorable government policies and the arrival of a competitor (a
commercial farm that cultivates same crops or rear same animals, birds and fish) within same location.
There is hardly anything you can do as regards this threats and challenges other than to be optimistic that
things will continue to work for your good.
Starting a Commercial Farming Business – Legal Matter
Best legal entity to use for a commercial farm

It is important to note that if you are considering starting a commercial farm, then you should ensure that
you choose a legal entity that will not only position you to grow the business but also to access support
and funding from financial institutions.

When it comes to choosing a legal entity for your commercial farm you have the option of choosing from a
sole proprietorship, a general partnership, a limited partnership, an LLC, a “C” corporation, or a “S”
corporation. It is important to clearly state that these different forms of legal structure for business has its
own advantages and disadvantages; which is why you must weigh your options properly before making
your choice on the legal structure to build your commercial farm on.

These are some of the factors you should consider before choosing a legal entity for your commercial
farm; limitation of personal liability, ease of transferability, admission of new owners and investors’
expectation and tax issues. If you take your time to critically study the various legal entities to use for your
commercial farm, then you will agree that limited liability company; an LLC is most suitable. You can start
your commercial farm as limited liability company (LLC) and in future convert it to a ‘C’ corporation or a ‘S’
corporations especially when you have the plans of going public.

Upgrading to a ‘C’ corporation or ‘S’ corporation will give you the opportunity to grow your commercial farm
so as to compete with major players in the industry; you will be able to generate capital from venture
capital firms, stock market, you will enjoy separate tax structure, and you can easily transfer ownership of
the farm; you will enjoy flexibility in ownership and in your management structures.

Catchy Business Name ideas for a Commercial Farm Business

Hawaii Farms
Sandy Tee Poultry
Evans Green Farms
Benny Blanco Organic Farms
Usborne and Bella Fish Farm
Henry Marvin and Sons Cattle Ranch
North Dakota Commercial Farm, Inc.
Texas Dairy Farm
Clip and Clock Pig Farm
Green Life and Agro Allied Incorporated

The Best Insurance Needed for a Commercial Farm

The fact that you can operate your commercial farm as a sole proprietorship business does not meant that
you will not have need for basic insurance policy that is expected for a business owner or company in the
United States of America. You can talk to your insurance broker and he or she will be able to guide you on
the best and most suitable insurance cover that you should buy for your commercial farm business.
Well, these are some of the basic insurance cover that you should consider purchasing if you want to start
your own commercial farm business in the United States of America;

General insurance
Health (medical) insurance
Liability insurance
hazard Insurance
Workers compensation
Overhead expense disability insurance
Business owner’s policy group insurance

Does a Commercial Farm Need Intellectual Property Protection?

On the average, it is safe to state that starting a commercial farm business does not require filing for an
intellectual property protection. However, some business owners usually go the extra mile to ensure that
everything that emanates from the business is well protect to guide against other competitors taking
advantage of their brain child.

For instance, one of the reasons why a commercial farm company would want to file for intellectual
property protection is when they are able to come up with their own invention. Other than that, there is no
point filing for intellectual property protection.

Does Running a Commercial Farm Require Professional Certification?

Ordinarily, if you decide to start a commercial farm business in the United States, you would not have need
for a professional certificate except in situation when you have to handle chemicals (pesticides,
insecticides, fertilizers and fumigation et al).

Be that as it may, it is important to note that you might have to undergo specialized training if you want to
engage in some core area of specializations in crops cultivation or animal rearing et al.

List of Legal Documents You Need to Run a Commercial Farm

These are some of the basic legal documents that you would need to successfully run a commercial farm
business in the United States of America;

Certificate of Incorporation
Business License
Business Plan
Non – disclosure Agreement
Employment Agreement (offer letters)
Operating Agreement
Insurance Policy
Employees Handbook
Contract Document
Trademark registration for your logo (optional)
Tax Payer’s ID number.

Writing a Business Plan for Your Commercial Farm

It is a fact that there is hardly business that does not require a business plan. If you are serious about
starting a business with the aim of competing and making good profits, then you should ensure that you
prepare a business document before investing your hard earned money and time into the business.
Besides you will need a good business plan if you are considering starting a commercial farm because it
involves huge start – capital especial as it relates to acquiring farm lands and farming equipment

A business plan is like a blue print that is needed to successfully run a business; it is the document that will
influence all your business decisions and actions.

The whole idea of writing a business plan is not just for the sake of having a business document in place;
but to draft strategies that will help you effectively administer and manage your commercial farm
business. Your business plan should cover strategies on how you intend to generate your start – up capital,
attract clients and also to expand the scope of your business. These are some of the key components that
must not be missing in your business plan.

Other key components that should be included in your business plan are as follow;

Executive summary and your company’s descriptions: This is the section where you are expected to
clearly state what your commercial farm business is all about, your company’s corporate culture, your
sales and marketing strategies and perhaps what stands you out from your competitors, You are also
expected to state your company’s vision statement, mission statement and the areas where you want to
cover.

Lastly, other key components that should not be missing in your business plan are your products or service
offering, SWOT analysis, marketing and sales analysis / strategies, pricing, costing and financial projection,
publicity and advertising strategy, budget and start – up capital generation et al.

You may not have to engage the services of a business consultant to help you write a business plan for
your commercial farm business, you can go online to source for business plan template. With the aid of a
good business plan template, you can come up with a good business plan document for your commercial
farm business. But if you have enough money, you can engage the services of business plan consultants;
they are going to help you produce a world class business plan document.

A Detailed Cost Analysis for Starting a Commercial Farm Business

When it comes to calculating the cost of starting a commercial farm, there are some key factors that
should serve as a guide. The different niche of commercial farms determines the total cost of setting up
the business.

For example, the start – up cost for a fish farm is different from the start – up cost for mechanized crop
farming, so also the start – up cost for poultry farming is different from the start – up cost of cattle ranch
(dairy farm) et al. As a matter of fact, if you choose to start a mechanized crop farming, then you should be
willing to raise huge capital base to start the business. This is so because some cultivation machines /
equipment can be pretty expensive.

Basically, you would need to tick most of the item listed below if you want to launch your own commercial
farm business in the United States of America;

The Total Fee for incorporating the Business in United States of America – $750.
The budget for key insurance policies, permits and business license – $2,500
The amount needed to acquire / lease a farm land – $50,000
 The amount required for preparing the farm land (for crop cultivation, fish ponds, poultry, fencing et
al – $30,000
The cost for acquiring the required working tools and equipment / machines / tractors et al–
$500,000
The Cost of Launching an official Website – $600
Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,000

Going by the report from detailed research and feasibility studies conducted, you will need an average of
$250,000 to start a small scale commercial farm business (most likely fish farming or poultry farming) in
the United States of America.

If you want to start a medium scale commercial farm business in the United States, you would need
nothing less than $500,000. And if your intention is to start a large scale commercial farm business in the
United States of America, then you should look towards generating well over a million US dollars as your
start – up capital.

Financing your Commercial Farming Business

No matter how fantastic your business idea might be, if you don’t have the required money to finance the
business, the business might not become a reality. Finance is a very important factor when it comes to
starting a business such as commercial farming. No doubt raising start – up capital for a business might
not come cheap, but it is a task that an entrepreneur must go through.

The first thing to put in place before sourcing for start – up capital for your business is to draft a detailed
business plan. With a good business plan, you can easily convince investors to invest in your business. The
truth is that no bank can give you a loan if you don’t have a good and workable business plan. Besides,
investors will not take you seriously if you don’t have a business plan on ground before launching out to
source for start – up capital to finance your business idea.

There are several options when it comes to raising money to finance a start – up business. Some of the
options are;

Raising money from personal savings and sale of personal stocks and properties
Raising money from investors and business partners
Applying for loan from bank (agriculture bank)
Pitching your business idea and applying for business grants and seed funding from the government,
donor organizations and angel investors
Sourcing for soft loans from family members and friends.

Choosing a Suitable Location for Commercial Farm Business

Choosing a location for your commercial farm requires that you take into consideration the type (niche) of
commercial farming you want to stand, the climatic condition of the environment, the soil composition of
the location, the availability of manpower, availability of market and of course the laws governing farming
activities in the State / locations you intend starting your commercial farm.

For instance, if you are looking towards starting a fish pond especially if you want to rear salmon fish, then
you should consider locating your fish farm close to a river or in a riverine area. So also if you are looking
towards going into crops cultivation, it will pay you to choose a location that is close to a river; it will reduce
the cost of building irrigation. Besides some crops such as rice et al are known to do pretty well when they
are cultivated in swampy areas.
So before settling for a location for your commercial farm, you must put all the conditions stated above
into proper perspective. As a matter of fact if you choose a good location for your commercial farm, you
are likely going to maximize profits from the business; a good location will help you cut cost.

Starting a Commercial Farming Business – Technical & Manpower Details

No doubt, most of the machines, equipment and tools needed to start a commercial farm business can be
bought as fairly used and they will serve you for a long time if well managed, maintained and utilized. It is
safer and economical to purchase fairly used machines, tools and equipment for a commercial farm
business especially if you are low on cash and you are looking towards cutting cost.

These are some of the equipment that you would need to fully launch your commercial farm business;

Tractor
Soil cultivator
Plough
Harrow (e.g. Spike harrow, Drag harrow, Disk harrow)
Stone / Rock / Debris removal implement (e.g. Destoner, Rock windrower / rock rake, Stone picker /
picker)
Broadcast seeder (alternatively: broadcast spreader, fertilizer spreader, or Air seeder)
Planter
Plastic mulch layer
Potato planter
Seed drill (e.g. Precision drill)
Transplanter (e.g. Rice transplanter)
Sprinkler system irrigation
Mower
Sickle
Winnower
Milk machine (bulk tank, milking pipeline et al)
Wheel Barrow
Truck

Basically, the nature of commercial farms does not require an office space; most people that run
commercial farms operate directly from their farms. But if you have enough resources, then you may
decide to open a small liaison office; a place where administrative jobs will be carried out.

As regards the numbers of employees needed to run a commercial farm business, it varies. For example, a
handful of workers can effectively run a fish farm and a poultry; while it will take well over 10 workers to
run a standard commercial farm. You would need a farm manager, marketers, tractor drivers and laborers
if you are into commercial crop cultivation. Basically their activities will be at its peak during land
preparation / planting season and of course during harvest period.

The Production Process in Commercial Farm Business

The process involve in commercial farming depends on the type (niche) of farming that you want to start.
No doubt the production process in fish farming is different from the production process in poultry farming
so also the production process for crop cultivation is different from the production process of animal
husbandry.
If you are considering venturing into commercial fish farming, then part of what you need to do to get the
production process started is to secure a good space, build artificial ponds (it could be water tanks),
design an effective water inflow and water outflow process, secure fingerling of the kind of fish you want to
rear, secure fish feed supply and then know when to harvest your fish.

If you are looking towards going into commercial crops cultivation, then the process is first securing a farm
land that is ideal for the kind of crops you want to cultivate, prepare the land, plant your seeds, water the
crops, weed the farm at regular interval, and harvest the crops as at when due.

The process involved in poultry farming and animal husbandry are almost same. The process involves
securing a farm land, building cages / fencing the space, bringing in the animals or birds, feeding them and
selling them off when they get to maturity stage.

Starting a Commercial Farming Business – The Marketing Plan

Marketing ideas and strategies for a commercial farm

If you want to generate income for your business, then you must market your products and services. The
marketing approach that you should employ should be guided by the type of commercial farming that you
are into.

For instance, if you are into the cultivation cash crops, then you should do all that is within your power to
market your produce not only in the United States, but also in the international market. The truth is that
commercial farmers who are into the cultivation of cash crops make more money when they export their
produce.

One thing is certain, if your commercial farm is well located, then customers are likely going to come to
your farm to make purchase without any serious marketing efforts from your part. On the average, people
that are into commercial farming take their farm produce to farm market to sell them off to buyers.

Here are some tips that you can adopt to market your commercial farm business;

Introduce your business by sending introductory letters alongside your brochure to stake holders.
Advertise your commercial farm in agriculture and food related magazines and websites
List your business on local directories / yellow pages ads
Attend related agriculture / farming expos, seminars, and business fairs et al
Leverage on the internet to promote your commercial farm business
Adopt direct marketing approach
Employ the use of word of mouth marketing (referrals)

Factors That Will Help You Get the Right Product Pricing for your Farm Produce

Some of the factors that will help you sell your farm produce at the right price that will guarantee that you
make profits is dependent on your strategy while some of the factors are beyond your control. For example,
if the climatic condition is unfavorable and if there are natural disasters in the location where you have your
commercial farm, then it will directly affect the prices of your farm produce.

Over and above, if you want to get the right pricing for your farm produce, then you should ensure that you
choose a good location for commercial farm, choose a good breed / seeds that will guarantee bountiful
harvest, cut the cost of running your farm to the barest minimum and of course try as much as possible to
attract buyers to your farm as against taking your farm produce to the market to source for buyers; with
this, you would have successfully eliminate the cost of transporting the goods to the market and other
logistics.

Possible Competitive Strategies for Winning Competitors in the Agriculture Industry

There is hardly any business that you are not going to face some level of competition and all you have to
do is to come up with strategies that will give you edge over your competitors in the same industry or line
of business.

If you are running a commercial farm, then the type of commercial farm you are running will inform the
strategies you are to adopt to help you stay ahead of your competitors. If you are into crop cultivation, you
can choose to offer free transportation of the farm produce purchased by your customers (for those who
purchase a reasonable amount) from the farm directly to wherever they want you to deliver it to. This will
help you keep your big clients. You can also give preferential treatment to your big – time customers by
ensuring that they have the options to buy first whenever you are harvesting your farm produce.

Possible Ways to Increase Customer Retention for Commercial Farm Business

One of the surest ways of increasing customer retention in your business is to ensure that you treat all your
customers with respect and courtesy. If you continue to meet or surpass your customers’ expectations
whenever they do business with you, then you will not have to struggle to generate repeated business from
them. The number one reason why people look for alternatives is when their needs are not met or when
they aren’t getting value for their money.

Strategies Needed to Boost your Brand Awareness and Create a Corporate identity for your Commercial
Farm Business

It is important to create strategies that will help you boost your brand awareness and to create a corporate
identity for your commercial farm business. This is very important especially if you are into the commercial
cultivation of cash crops. If you are into the cultivation of cash crops, your customers will not be restricted
to people in the United States, but people from other countries of the world.

Below are the platforms you can leverage on to boost your commercial farm brand and to promote and
advertise your business;

Encourage your loyal customers to help with Word of Mouth mode of advertisement (referrals)
Advertise your commercial farm business in relevant magazines (agriculture and food related
magazines), local newspaper, local TV stations and local radio station
Promote your commercial farm business online via your official website
List your commercial farm business on local directories (yellow pages ads)
Leverage on the internet and social media platforms like; Instagram, Google+, LinkedIn, Badoo,
Facebook , twitter, et al to promote your commercial farm business
Employ direct coupon mailing approach to market your commercial farm
Distribute your fliers and handbills in target areas (farm markets) at regular interval

Creating a Suppliers/Distribution Network for your Commercial Farm

One of the major challenges of commercial farmers is the ability to sell their farm produce at the right
time. There are loads of farmers whose farm produce get spoilt because of their inability to sell the
produce when they become ripe and are due for harvest.
For example, if you are into the cultivation of vegetables or fruits, then you should ensure that you network
with hotels and restaurants so as to supply them vegetable at a competitive price. And if you are into the
commercial cultivation of fruits, it will pay you to have a robust network of fruit juice companies that you
can readily supply assorted fruits at competitive prices.

The hallmark of any business owner especially those who into the production of goods is the ability to
easily supply their products to a ready market. So what you need to do as a commercial farmer is to ensure
that you secure a rich suppliers / distribution network.

Tips for Running your Commercial Farm Successfully

Irrespective of the kind of business you run, your ability to get all the members of your team to be on same
page at all times is one of the keys you need to successfully run the business.

As the chief executive officer or owner of a commercial farm, it is you responsibility to give direction to the
business. Part of what you need to do is to ensure that you create time for meetings with your workforce; a
time where challenges, feedbacks, projections and relevant issues are discussed. The meetings could be
daily, once in a week, twice a week or once in a month. The bottom line is that there should be consistent
meetings in your organization.

Carrying out appraisals on a regular basis and training your employees will help you run your organization
effectively.

Lastly, you should keep your doors open for suggestions from members of your team and your customers.
It is very important to reward excellent performance in your organization; it will go a long way to encourage
healthy competition in your organization.

Borrow, Earn &

Spend with Nexo

More on Agriculture Business ideas

Starting a Reindeer Farming Business

(https://www.profitableventure.com/start-reindeer-farming-business/)

A Detailed Guide on How to Get Grants for Raising Honey Bees

(https://www.profitableventure.com/get-grants-raising-honey-bees/)

50 Best Innovative Money Making Agriculture Business ideas for 2019

(https://www.profitableventure.com/agriculture-business-ideas/)

22 Best Bamboo Related Business ideas for 2019

(https://www.profitableventure.com/best-bamboo-business-ideas/)

Starting an Organic Farm – Sample Business Plan Template

(https://www.profitableventure.com/starting-organic-farm/)
SPONSORED SEARCHES

insurance marketing companies

how to start commercial farming

buying a small business

how to start a farm with no money

starting a commercial farm

ProfitableVenture.com © 2009 - 2019 is a property of Profitable Venture Magazine Ltd | All Rights Reserved
| See About us (https://www.profitableventure.com/about-us/) | Privacy Policy
(https://www.profitableventure.com/privacy-policy/) and Disclaimer
(https://www.profitableventure.com/disclaimer/).