PHILLIS AGRICULTURE OFFERS TRAINING IN AGRI-BUSINESS

AGRI-BUSINESS

6 TIPS FOR STARTING AN AGRIBUSINESS

Harvest time Not all agricultural businesses focus primarily on maintaining land and animals. Agribusinesses are now expanding to interact directly with farmers. More agribusinesses are buying and selling directly with farmers. If you are looking to get into the agriculture business by starting your own company, here are 6 tips to make your business come out on top.

  • Determine What Services & Products You Will Offer. Before you start anything, you should define the products and services that you will provide. This will act as your business plan. In this plan, you should also include the profits you intend to make over a designated amount of time, the supplies you will need to make this happen, the correct licenses you need to make your agribusiness legit, and the proper insurance to cover your new business in the event of accidents or emergencies.
  • Get Financing. Seek the right form of financing for your agribusiness. Getting a loan from a bank is becoming more and more difficult for new businesses because of the state of our country‚Äôs economy. Many alternative financing options are available that will help start your business off on the right foot.
  • Get The Appropriate Licenses. Depending on your country, you will need to get specific licenses in order to operate your business.
  • Set Up Your Business On Land. Now that your business exists in the legal sense, it is time to bring it to life on the land you purchased or leased. Establish a physical building that will best suit the purpose of your operations.
  • Develop a Marketing Plan. A marketing plan will allow farmers, suppliers, and others know about your business. Without a solid marketing plan, your business will suffer.
  • Hire Employees. After you have established a solid marketing plan and are starting to bring in new clients, you should consider hiring employees.