Growing profits. Comprehensive business plan for BFeathers Poultry Farm Business

Essay from the year 2023 in the subject Business economics - Investment and Finance, grade: 76.0, , language: English, abstract: Poultry farming has emerged as an essential and dynamic component, which contributes to economic growth and sustenance in Nigeria. Pursuing my lifelong dream of entrepreneurship, the concept of poultry farming sparked the need for a well-crafted business plan. The proposed business, BFeathers Poultry Farm aims to revolutionize the Nigerian poultry industry through sustainable and responsible farming practices, offering high-quality chicken meat and eggs to the local community and regional markets. Our strategic expansion plans include diversifying revenue streams by venturing into poultry feed production and equipment manufacturing, thereby contributing to the nation's agricultural and economic development while promoting eco-friendly initiatives within the sector.Through a thorough analysis, I will highlight how poultry farming not only offers entrepreneurial opportunities but also fortifies Nigeria's agricultural and economic landscape.I aim to develop a comprehensive business plan for launching a broilers poultry farm in Nigeria, shedding light on its potential profitability and the associated challenges. The research framework includes two key sections. The first examines the elements of a business plan and utilizes the theoretical project method, along with various books, Internet sources, and literature reviews. This section aims to outline the fundamental aspects of a professional business plan. The second segment dives into the actual poultry farming business plan, covering business description, startup capital, production strategies, marketing and organizational approaches, and financial assessments to ensure profitability.The proposed business plan for BFeathers poultry farm involves targeting the local community and regional market. The core value proposition centers on high-quality poultry products and sustainable farming practices. The business will utilize local markets, retailers, and online platforms for distribution. The thesis explores Nigeria's subsistence and commercial poultry farming systems, noting the prevalence of the subsistence system and potential for commercial production with hybrid breeds. Pre-establishment considerations like planning, location, housing, and resources are also examined.