The Ultimate Business Guide To Poultry Farming

Hello,

Funding your poultry farm has got to be right now the no.1 query about the whole start-up process.

And you’re right to prioritize setting a start-up budget for your new poultry business.

Starting a poultry farm is an investment and therefore it will need some personal input from you.

Some ‘skin in the game’.

For many beginners…

…their immediate thoughts take them to loans and government subsidies.

But these financial instruments carry considerable personal risk.

In this chapter,

I want to demystify how poultry loans, investments, subsidies, grants really work and how to accurately calculate their risk.

What is a poultry farming loan?

Let’s define the word ‘loan’:

“A loan is money, property or other material goods that is given to another party in exchange for future repayment of the loan value amount along with interest or other finance charges.” – Investopedia

So,

A poultry farm loan is:

Either money, land or equipment given by a lender in advance of starting your business.

Here are the terms…

In receiving the loan, you are agreeing (under the force of law) to repay the lender the entire value borrowed, plus interest (and associated fees).

Interest, fees and repayments are scheduled, by date.

Often, a borrower will be obliged to set up a direct debit or standing order (automatic bank payments) to offer confidence to the lender.

What is a Poultry Farming Subsidy?

Here’s the official definition of the word subsidy:

“Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product.” – Investopedia

So in the context of poultry farming… 

A subsidy is when your government encourages agri-entrepreneurs to start poultry farms. 

This is done by offering a financial incentive to acquire a bank loan.

In other words,

Your government want to make your poultry loan repayments cheaper for you.

How poultry loans work

You make a promise with a private lender or investor to take enough money to start your poultry farm and pay them back for:

• the sum of money borrowed (principal sum), and;
• the benefit of borrowing the money (interest/usury)

…according to schedule.

It’s all linked to timings. Stay with schedule and you’re just fine.

However, turn up late and that’s where the problems occur.

*One critical note to add:

Poultry loans are typically secured against the ownership/possession of land.

That is to say…

Your promise to pay back the money you borrowed is ‘made sure’ (or guaranteed).

This is underlined by a contractual clause.

Within this clause, you that give up the right to possession of the land, equipment and livestock, should you default.

Said simpler,

Can’t repay or pay repeatedly late?

Then hand over the ownership of your land to the lender.

And if the value borrowed exceeds the recouped costs of assets…

…then your personal belongings are next in the firing line.

A very real & personal, material risk.

How poultry farming subsidies and grants actually work

Subsidies and grants as we just said are the government’s way of making your loans cheaper.

You might say they are discounts.

They’re like shopping vouchers.

Vouchers make things cheaper that you were going to buy anyway.

But to receive a voucher from the issuer, you have to qualify.

Only then can you benefit from the discount.

(There are rules involved. Not everybody can get them.)

Why do governments give out subsidies and grants?

It’s actually good business for governments to subsidise loans for poultry farms.

Why?

Because:

1. More people take out loans (Banks are happy.)
2. Borrowing money is cheaper (People are happy.)
3.  More business and economic growth (Governments are happy.)

Here’s more…

Why banks enjoy government poultry loan subsidies

The goal of a bank is to increase its promissory hold on material assets.

What I mean is:

The aim of a bank is to hold other people’s stuff for them.

Whilst holding it, the bank uses your stuff by trading it to get financial gain.

(But most of the value of your stuff is insured if they mess up. But when widespread calamity occurs then the wildfire of a ‘credit crunch’ occurs a la 2008-9.)

When things work out though, the bank gets gains.

And substantial too.

Some of the gains it makes back is paid to you (interest).

This is your reward for sharing your stuff with them.

However, the MAJORITY of gains gotten, the bank rewards its owners, investors and workers with.

And then, of course, the bank also pays the government in taxes.

But what about when things go wrong?

Well, there are times (as I said) the bank messes up. Their trades (bets) make losses and not profits.

If this happens and they are unable to recover, then…

News gets out.

And naturally, you’ll want your stuff back (a run on the bank).

But if the bank can’t give you back your stuff, they appeal to the government.

(This is where things get nervous.)

If the government turns its back, the bank’s lenders (yes, that’s right – even banks have lenders) swoop in (and by the force of law) take all that remains in their hands of your stuff.

The bank has suffered a rupture.

In a word: bankruptcy.

Now, what if your poultry farm still depends on getting more finance from your bank?

Not possible.

But how will your business may not be able to pay its bills?

Get inventive – and quick.

Or, you could ALSO find yourself bankrupt.

(Losing your land, poultry equipment and poultry livestock.)

Again, lending carries MASSIVE risk.

This is why it is better to start with what you have, rather than what you don’t have.

Why governments enjoy government poultry loan subsidies

Governments carry public ‘money reserves’ called budgets.

And much like banks, governments get their budgets from us. The general public.

But on this occasion, in the form of taxes.

And also, just like banks, the government trades your ‘stuff’ (taxes) on funding projects for us all.

If the government projects succeed, the government:

• rewards banks to lend to you
• rewards you with more credit to borrow, improved civil services & reduced tariffs (in some cases)
• rewards itself, its private investors (national banks) and its workers

This makes it more feasible for people to borrow the money (get loans) & to get stuff done.

(Like starting up your poultry farm.)

But likewise, this also widens the financial gap between those who qualify for borrowing vs. those who don’t.

(And this only gets wider each day the economy thrives on borrowed funds.)

Why we SHOULDN’T enjoy loans, subsidies or grants?

To answer this question, we should ask…

“What would things look like without borrowing?”

Well, it’s quite simple, really.

People would learn to make the most of what they already have.

And where you would otherwise borrow the money to plug in a gap,

Instead…you now work around the problem by collaboration…

Perhaps, working with a neighbour to share in the labour and rewards of a new project, for example.

Far better for the economy.

More people working, less inflation, cheaper goods, no debt.

Us…

…solving our own problems together.

But where does all of this leave you and your poultry farm idea?

Really, it leaves you with a serious decision to make.

Again, I don’t know where you are in your planning,

Nor, what you have in your hand to start, but…

When you consider the detail above,

You see that whilst banks and governments are desperate to give away their money,

We ask 2 questions:

1. Is it worth taking?

…AND…

2. Do we really need it?

The value of money

Think about all that you’ve just read.

The conclusion – in a nutshell?

Banks, investors and governments are the only ones who sell money.

We buy money.

If they hold on to money – they lose.

And we THINK that if we hold onto their money – we win.

But for us, the opposite is actually true.

Why (& how)?

One word:

Inflation.

Every day, around the world – in EVERY country the value of money decreases.

Why?

Because prices keep increasing.

The astounding loss of value within a single generation

Take this as an example:

According to The Bank of England’s inflation calculator, the value of £10 today would have been wortha around £165.84 fifty years ago.

That’s a whopping 16,500% loss of value. And ONLY within the lifetime of many of us.

(What in the world is going on here?!!)

The KEY is in the small print.

Take a second look at the image above.

Did you read the line that sits beneath the amount “£165.84”?

In case you missed it: “Inflation averaged 5.8% a year.“

That small (almost significant) grain of detail is the GREAT CAUSE of this catastrophic loss.

INFLATION.

But what is inflation and what causes it?

Inflation, simply put, is the cost of living going up.

But WHY does the cost of living keep going up?

Because of two core global problems with mankind.

1. Credit-based economy (A.K.A accrual)
2. Supply and demand theory

Combined they produce devastating results.

Here’s how and why…

What is a credit-based economy?

Credit economy is where men agree that the value of money is based on people qualifying to get credit (or to borrow.)

So, in other words,

You are rich if you qualify for credit (i.e. having others lend to you).

This way of thinking became popularised in the 19th century.

Today, all global economies work this way.

But they didn’t always.

The alternative?

The gold standard.

What is the gold standard?

Gold standard says the value of money is based on how much gold the possessor of the money has deposited with the issuer of the money.

In plain English:

It’s an IOU.

This is how trading under the gold standard would work:

Your poultry farm can either sell eggs and/or meat in exchange for goods,

But in most cases, it would be gold.

So, you use the goods received by exchange (barter);

And you deposit the gold you receive with a bank.

When the bank receives your gold, it gives you a note.

This note acknowledges your deposit of gold with them by measure of weight.

The note also carries a signed promise from the bank.

In this note, the bank promises to pay you back the weight of gold you deposited, whenever you ready to redeem it.

When you withdraw the gold and have it back in your possession,

Then, you are able to trade the value of it on the market for goods or services.

And gold, of course, is rightly valued highly for its natural rarity, appearance and treasure.

So, that is what life under the gold standard would look like.

But what about this supply and demand theory mentioned above.

What is ‘supply and demand’ theory?

‘Supply and demand’ teaches that when there is increased supply for something than the demand…

…then the price should go down.

But where there is decreased supply for something relative to the demand…

…then the price should go up.

This yo-yo of up…down…up…down…which plagues our commercial markets is called price elasticity.

Just think of a bungee cord.

And because of this theory and its effects, vendors are persuaded to spend all their efforts and time thinking about whether their prices SHOULD go up or go down.

Why manipulate prices?

To influence buyers to buy more (AND preserve a consistent profit margin.)

They think like this:

Last week 500 people bought my eggs at $1,

And this week 650 bought my eggs.

‘Supply and demand theory’ tells me that I should raise my prices because there is more demand for my supply.

I’ll now charge $1.80 and blame the cost of inflation.

This practice is called revenue management.

But that example is buying and selling eggs.

What about if we were like the banks, buying a selling credit instead of eggs?

The effect on money when we buy and banks sell credit…

Well, if nations print money on the basis of gold deposits, then:

Then the value of money and its volume (amount) in circulation directly represents the amount of excess trade value of the country’s citizens.

In other words,

What gold doesn’t get used immediately to buy food, clothing or housing – gets deposited with the bank.

When the citizens prosper – so does the bank’s holdings.

Plus, there will be many promissory notes out in circulation too.

i.e. there will be lots of ‘money’ floating around.

But just think about this:

What if the value and volume (amount) of promissory notes or money in circulation had no link to the value of gold on deposit, but it itself is traded as if it were gold?

Then, this is the credit-based economic system that we have today.

Strange, huh?

And with it are 2 fundamental questions:

• Who stole our gold?

…and more importantly than that…

• Who stole the value of all our labour (sweat) that we exchanged for the gold?

You see in truth, holding money should be the bank’s debt to pay us back gold.

But somehow, we’ve accepted the switch that it should be our debt to pay back the bank.

A very subtle steal. (What a crime…)

And the disease (or cause) of this is poverty and the disinheritance of generations to come has come through:

INFLATION.

We’re killing ourselves with this. It’s making us desolate.

Any we have no excuse.

Because now we know better.

(Right?)

The root of inflation?

The answer is buried in a new equation that we just learned.

Recap:

Supply and demand x The credit economy = Inflation Creation

Multiply these 2 terrible teachings together and what you get is…

…a runaway, (un)natural catastrophe called inflation.

A financial wildfire of deception, which devastates nations and leaves everything and everyone in its path in ashes.

It’s time to get out of the way of inflation.

It’s time to leave the credit.

It’s time to go back to gold.

Quick economics of starting a small scale poultry farm

Now, let’s return to the example of that £10 fifty years ago…

Put in perspective for your personal situation,

Just think about the difference in the market value your home would have had 50 years ago, for example.

(Again, only a fraction of its price today.)

And now to put that into the context of your poultry farm:

The cost to start your poultry farm 50 years ago, would only be a fraction of what it costs you to start the same farm today.

So,

Let’s get this straight:

If the cost of borrowing (buying) money to start your poultry business today is 16,500% more expensive than it was only 50 years ago…

And the cost of buying an egg or chicken is 332.94% more expensive today than it was 50 years ago…

And if things continue to go the same way over the next 50 years (and you pass on your poultry business to the next generation),

Then, your children would have inherited a staggering 16,167% loss (disinheritance) from you.

(Plus the risk of losing their family home should they default to pay back).

A TERRIBLE DEAL.

And all because of misunderstanding the small print.

5.8% interest on a loan application sounds like nothing today.

But in actual fact, you would lose 16,500% in 50 years by inflation alone.

Add to that the 5.8% cost of borrowing (loan interest) to the equation too,

And you’ve actually then lost 33,000% value in 50 years. And you would have passed that ‘hangover’ on to your children too.

An unforgivable deed having read this article today.

(Especially for the sake of the next generation.)

No wonder poverty in each of our countries is so-so crippling. And for so many.

…caused by nothing more than the greed of us all who want to qualify to get more, despite so many having much less.

Perhaps that sounds like a tough line to take.

But true.

And actually when you line the facts up against your personal ambitions for starting a poultry business,

You probably find that your intentions were quite different from the effects of inflation above.

No doubt you had the following in mind:

• making a sustainable income without debt
• taking advantage of a low-cost startup agribusiness
• offering accessible labour for unskilled people
• providing poor communities with affordable, quality food
• helping your neighbour to start small scale production in their communities
• keeping a clear conscience
• HELPING US ALL STAY DEBT-FREE
• (& killing inflation)

So, this lesson teaches us if we don’t judge correctly…

…we can actually achieve the opposite of what we intended.

What are the next steps?

Start to think differently about money.

Borrow to start your poultry farm and lose 33,000% within your lifetime (compounded for the next generation).

Instead:

1. Start your farm as a zero-debt startup.
2. Use proven techniques for exponentially scaling your agribusiness NATURALLY.
3. Grow through value production (without playing yo-yo with prices).
4. Totally outstrip inflation.

Don’t I need CAPITAL to start up a poultry farm?

Yes and no.

Sure, you need SOMETHING to start.

But if you begin to address that point by accepting that what you’ve got is ALL you’ve got…

Then, you leave yourself with no choice but to be witty and inventive in order to make up the difference in what you can’t buy.

Bridge the gap with smarts.

And in the following post, I’ll show you some proven ways how.

Hello,

​

I’m delighted to invite you to my poultry training resources…

​

What’s New?

Today, I’m introducing you to my new library of exclusive training resources.

With this new resource library, I will professionally coach you in picking up the pace for successfully launching a winning poultry enterprise.

It comes in 6 parts:

1. Poultry farming Q&A Discussion Board

2. Archive of ALL Poultry Project Reporter Series Email Tutorials

3. Archive of ALL Advanced Poultry Pickup Email Newsletters

4. Archive of ALL Business Planning Specs Email Newsletters

5. Sample Data from my Project Report Analysis (in local currencies)

6. Exclusive Business Planning & Management Template Library Online Toolkit

​

This growing library of resources is tailor-made for putting at your fingertips EVERYTHING you need to ‘fine-tune’ your poultry business engine…& steer it into maximum profit.

​

As of today, you can head over to the library and receive a boost for giving your project plans a major FAST-forward.

​You can get all the exclusive premium resources right here.​

(The resource library is available for the first time from today. And yet, with every ‘paid subscriber-only’ email I send, exclusive planning/management template I release, or Q&A response I draft – this library INCREASES.)

​

Why This Addition?

Things here at The Big Book Project move quite quickly. The desire to serve well drives me on.

​

But with experience,

I have learned that the success of any worthwhile service relies on whether the value provided was really ‘asked for’,

Rather than something offered (in vain).

​

I’ve therefore learned to keep a keen pair of ears. And relish feedback.

​

But feedback is fruitless unless you act on it in business.

​

So,

Here it is.

​

This new exclusive premium resource library is my:

Re-action to your action.

​

A careful and complete response to the most frequent requests I receive day-to-day…

​

Here’s how my library lines-up:

​

(1) ONLINE ARCHIVE of Poultry Project Reporter Series Emails: in-depth business analysis for helping you command a solid understanding of production estimates and financial projections for poultry farm businesses.

“…a grain-by-grain digest of how the numbers of a poultry farming business REALLY stack up and relate to profit.”

Here’s what you get:

• Step-by-step case study tutorials of ‘real-to-life’ poultry project plans
• Detailed calculations of egg and chicken meat production models
• Graphs, charts and dashboards for visualising exactly where the optimal profit is
• Side-by-side comparisons for helping you assess better scenario planning
• Complete reveal on all of the metrics, workings out and financial exercises
• Clear-cut conclusions for razor sharp decision making and confidence with your project

​

(2) ONLINE ARCHIVE of Advanced Poultry Pickup Emails: a world-class, technical poultry farming learning program – for professionals, start-ups and experienced farmers.

“…like having a panel of experienced poultry experts to by your side (every step of the way) whilst you launch & grow your new venture.”

Here’s what you get:

• A-Z technical poultry guides for starting and growing your project
• Explore operational management issues, strategies and solutions
• Custom calculators and more to put all necessary poultry figures at your fingertips
• Pro recommendations for achieving the optimal operational set-up
• In-depth tutorials of best practice management tips for layer or broiler farms
• Quick tips on how to unpick trouble spots in your project

​

(3) ONLINE ARCHIVE of Business Planning Specs: a complete business planning toolbox for building your winning agribusiness strategy – from scratch.

“…like a one-stop-shop for getting a distance learning, grassroots MBA-lite in agribusiness, with all the practical pointers you need.”

Here’s what you get:

• Expert business planning guide for writing a winning agribusiness plan
• Web calculators to accurately project your business milestones
• Proven scripted communications for getting consistent sales & marketing outcomes
• Specialist software tutorials for achieving 1st class results with digital design & online marketing
• Sample business plans to illustrate best just how to pull your own plan together
• Analytical case studies to bring to light key factors for success with your agribusiness
• Actionable strategies for leading your market with standout value

…and much more.

​

(4) Sample Datasheets of Example Poultry Projects: an online bank of the SAME financial and operational datasets used in my example layer and broiler project analysis emails.

“…for a line-by-line, close-up examination of what was really going on in those detailed analysis emails.”

Here’s what you get:

• Excel or Google sheet format for ease of transfer
• Instant download to take away and read at leisure in your own time
• Local currencies for convenience of use
• Comprehensive array leaving nothing to the imagination – all figures revealed
• Spot critical patterns of profit for tweaking your own production and cash flow expectations
• Compare your own project estimates against the same details you read in the tutorial emails

…and much more.

​

(5) Exclusive Online (form-fillable) Business Planning Templates: a gold standard set of online (digital) business planning & management templates for effortless publishing.

“…the quickest way to publish a thorough agribusiness plan with all the finesse & completeness of an expert consulting service – but DIY. “

Here’s what you get:

• Professionally formatted and acceptable for all official use and application
• Easy to use online web form for completing the templates
• Helpful user notes for understanding the purpose of each template and section
• Auto-calculation for ‘painless’ and precise number crunching
• Instant email submission to receive your business plan details
• Unlimited use so you are not penalised for making mistakes or refining your attempt
• Build your business plan in record time using all of the tools that industry pros use

…and much more.

​

(6) Questions and Answers Discussion Forum: a specialist discussion board to keep you current with what’s topical amongst your peers across the world of poultry farming business enthusiasts.

“…get confirmation or help to see things more clearly on how to move forward successfully with your poultry farming plans.”

Here’s what you get:

• ‘Ask me anything (AMA)’ wide-open enquiry line for seeking answers on anything poultry
• Bespoke 1-to-1 longform response to your most pressing poultry issue, tackled head-on in fine detail
• Professional references for verifying your plans for action
• Remote consultancy at a fraction of the price of traditional services
• Forum commentary from the pool of over 4,000 email recipients, in 95+ countries
• Input from proven professionals including: PhD. poultry experts, business value chain managers, trainers & more….
• Browse answers to common poultry problems from reading the issues faced by your peers locally or internationally

…and much more.

​

So…

…there you have it:

– access the online archive of every email I send = never miss a thing.

– ‘ask me anything’ via Q&A

– build your business plan in record time

– download sample datasheets for detailed financial analysis

– get all the analysis you need to crack your own code for success

​

In a nutshell?

I released my library of exclusive premium resources.

And you are invited to subscribe today.

Speak soon,

Temi

Go to chapter 23 of this eBook by clicking this link…“Exclusive poultry training”. Click here to find the next chapter.

Hello,

​

Over the last few months I’ve been working on a massive poultry farming project guide.

​

I call it: “The Poultry Farming Project Report Hub”

​

This brand new guide covers 44 key topics – including economic metrics, market research, production modelling, location factors, operations strategy, financial management, investment decision making…and more.

​

(You’ll also learn about lots of little known poultry project planning techniques that I’ve never talked about before.)

​

PLUS, if you’re writing your own poultry farming proposal and need side-by-side calculations, formulas and examples:

​

Then, this is it.

​Check out the new guide right here.

And then leave a comment.

​

Speak soon,

​

Temi

Go to chapter 23 of this eBook by clicking this link…“Exclusive poultry training”. Click here to find the next chapter.

Go to chapter 22 of this eBook by clicking this link…“Poultry project hub”. Click here to find the next chapter.

Hello,

​

Your desire to start an agribusiness is just like any important mission in life.

It will only be accomplished if it converts hearers into supporters.

​

Family, investors, staff, partners, affiliates, agents, customers etc.

​

Whilst you may not let other voices dictate your project’s future –

Your business’s value still has to be made APPARENT.

​

(After all…the success of your agribusiness will rely on your ability to communicate its value potential.)

​

This is why you need to build a ‘Business Case’.

​

What’s a business case?

​

A business case is a traditional business planning document.

​

It’s HEAVILY used by management professionals. Especially in project-based environments.

​

Under the discipline of ‘Project Management’ the business case has one critical purpose.

And project managers, otherwise known as ‘PMs’, are unable to get anything ‘off the ground’ without it.

​

But what makes the humble business case such an ESSENTIAL piece in the strategic business planning puzzle?

​

One word,

​

JUSTIFICATION.

(from the Latin, iustus = perfect, complete)

​

To be made perfect, your business idea needs to be tried.

Just ask any gold prospector,

What he THINKS he has simply isn’t gold until it’s been passed through the trial of fire – and therefore proven.

Only then is it truly gold.

(And everybody knows about it.)

​

Now,

A valid trial is objective.

And not subjective.

​

What does that mean?

​

The thing tried (object) cannot be in the hand of the possessor (subject) whilst it is being tried.

You’ve got to let go.

Why?

So the opposing party has the liberty to examine the object for themselves – no ties or strings attached.

And therefore there are no excuses at the time of valuation.

Nervewracking?

Most certainly can be.

​

But rest assured with EVERY minute that passes by of the trial,

If the thing tried stands up to the test,

It’s own value and YOUR future profit climbs rapidly.

And when the person trying is fully exhausted of every invalid doubt they can throw at it,

You (and the value of your GOLD) walk away victorious.

​

Are you ready to have your business idea tried?

Are you ready for your gold to be proven?

Then you need to find out what others think about it…ASAP.

​

More important than that you need to discover what potential stakeholders think about your business idea.

​

It’s time to ask some prospective customers, investors, suppliers etc.

​

You’ll find they’ll not be backward in coming forward.

This is because it’s in their own business interest to give your idea a few minutes examination.

​

From doing this, you’ll get two valuable benefits:

(1) Honesty.

(2) Expert feedback.

​

These are of great value for you.

Especially because this type of dialogue gets both of your feet firmly ‘into the (boxing) ring’.

(Defending and sparring for the honour of your business idea.)

A healthy place to be in.

If you can hear yourself speak about your idea in the midst of battle and feel a surge of passion that rings true,

(Silencing the naysayers) – then, perhaps you really have something.

​

So,

Where SHOULD you begin building your business case?

​

Why…with a template, of course!

​

And to save you the time digging around for one, I’ve put one together for you.

​

Here it is:

​

​The Business Case Template​

(It’s in the format of a simple web form, takes minutes to fill out, comes with a step-by-step tutorial and emails you the business case at the end.)

​

*Now, don’t think of this as merely an academic exercise.

Remember we’re hoping this case does more than waste paper.

​

Sure, it might STILL be on paper for now – but that’s fine, it’s about laying out your argument in principle first.

Then,

Pitch it to a select panel.

​

Once your idea has passed its first few classroom examinations (perhaps even after receiving a few knockbacks)…

…refine it with any constructive feedback received,

And ONLY then you should you anticipate recruiting some actual investment action.

​

So,

Now it’s time to write your business case.

​

My advice?

​

Use this template.

As soon as you’re done, pitch it and go get that ‘buy-in’.

Win some support today.

​

And now over to you:

​

Are you currently writing a business case for your agribusiness idea?

Have you written your business case and are struggling to sell it?

​

Either way,

I’m keen to hear your thoughts.

I read every comment.

​

Speak soon,

Temi

Go to chapter 22 of this eBook by clicking this link…“Poultry project hub”. Click here to find the next chapter.

Go to chapter 21 of this eBook by clicking this link…“Business case template”. Click here to find the next chapter.

Hello,

Whilst thinking about your farm business planning,

You may have put financial accounting and bookkeeping in the ‘professional help’ category.

Many business owners consider, that this is something that you simply get someone else to do.

A debilitating notion.

This single oversight cripples many businesses at their conception.

A sad tale.

Business is driven by service,

But sustained by numbers.

Whilst you can be GREAT at what you do…

…if you don’t take ownership of your money metrics and record-keeping,

Then you cannot excuse yourself of falling short.

So get on top.

In this email, I want to reveal to you just how important financial planning is to long term profit,

And farming success.

Record keeping

Step one with planning business profits is to keep diligent records.

Sustainable business is not theory, but practice.

You will live or lose on whatever is really left over after trading occurs.

Every penny counts.

Be diligent.

This begins with setting up the right templates.

Before you pour in your precious substance into vats,

Make sure the vats are fit-for-purpose:

• Right size
• Right material
• No leaks

…tried and tested to hold, so no mistakes or regrets.

Bookkeeping templates are you primary inputs for your business financial data:

• sales daybook
  • individual sales transactions are recorded
• purchases daybook
  • individual purchase transactions are recorded
• cash receipts
  • a record of every time cash is received by your business
• cash payments
  • a record of every time cash is paid out of your business
• sales returns
  • whenever a sale is returned or refunded by your business to one of your customers
• purchase returns
  • whenever you return a purchase to a supplier and receive a refund for your business

Get your money movements logged in here and you’ll suitably have the substance to build a business vision.

It is from exercising this baseline discipline that more advantageous decisions can be made.

Liken bookkeeping, to keeping a journal or diary.

Explicitly detail every transaction.

It’s the primary reference point of all things financial, including obligations like tax.

Keeping the format consistent using the points above is critical.

Its the layout all professionals use and therefore this way…

…no matter who reads it, it should mean the same thing.

Reporting

Speaking of decision making, reports are the tool of choice for every financial decision.

They provide snapshots of progress.

A bit like glancing at a Sat Nav on the way to your chosen destination for:

• Time remaining on your journey
• Obstacles or delays
• Alternative routes etc.

Likewise, a report: like a profit loss statement, tells you how profitable your operation is,

And whether or not you can expect to hit those long term targets, like:

• Earnings
• Exit value

Running statements like this every now and again lets you:

• Pause
• Take stock of where you are
• Plan your next move

Vital managerial playmaking ability comes from this.

Visualise and interpret

Presenting your data in a variety of views helps different audiences to:

• See
• Grasp

…how your business is performing in different areas.

Becoming nimble in showing how you are doing in one way or another,

Helps bring certain facts to light.

Business dashboarding is a key skill. Learning appropriate uses and combinations of graphs and charts will pay you back.

Statements & justification

The success of your business will largely depend on you making profitable decisions.

The welfare of:

• staff,
• family and
• supplier/customer relationships

…will rely on this.

Their trust in you will depend on you allowing yourself and the decisions you make to be held accountable.

The more transparent you are and willing to show proof of your decisions…

…the greater the understanding you will build with your stakeholders.

This leads to comfort and belief in the plan.

Such favour often carries you at times when challenges arise.

Your backers will be for you and not give in to doubt.

The bottom line…

Getting on top of your financial accounting and bookkeeping puts you in the driving seat of profit.

From the outset, having a mind to steer what your numbers do is critical to getting paid.

Setting your books in order ensures every grain of increase is retained,

And makes a difference.

Now over to you…

Are you currently planning your financial bookkeeping and accounting?

Have you got experience in financial accounting?

Either way, I’d be interested to hear from you.

(I read every comment.)

Speak soon,

Temi

Go to chapter 20 of this eBook by clicking this link…“Agri-accounting & Bookkeeping”. Click here to find the next chapter.

Hello,

FACT:

Getting your broilers to target weight is NOT the end goal.

Getting them to market is.

As the saying goes, it isn’t over, until it’s over.

Broilers are finely tuned. Creatures of habit and largely affected by their rearing conditions.

The slightest change to routine or environmental conditions applies stress to their bodies.

This often results in a positive or negative impact on your final weight outcome.

As in the case of preparing your broilers to be processed, even in the hours leading up to slaughter…

…delays and discomfort typically lead to a loss of weight.

Loss of weight = loss of money per kg in the trade.

So, keeping your broilers as consistently cared for as possible – before (pre) processing – all counts.

Where and why losses can be made in preprocessing…

• 23 hours of light 3 days prior to catching – calms birds. Calm birds maintain their weight.
• Feed withdrawal is required to empty the gut for accurate live weight and also to avoid faecal contamination
  • This should be done approximately 8-12 hours before slaughter for best results:
    • Including, time in the house, catching time, transport time and lairage.
  • Leading up to the day of transport ensure the following is unchanged:
    • regular feeding practice (before feed withdrawal)
    • environmental temperature
    • feeding space
  • Remove whole grain at least 2 days prior to catch
  • Keep feeders down during feed withdrawal until catching crews arrive – this avoids litter eating
  • Keep all flock disturbances to an absolute minimum (unusual lighting practices, loud noise, temperature, opening & closing of doors, walking up and down around flocks etc.)
  • You can naturally expect birds to lose only about 0.25% of their body weight per hour during feed withdrawal
  • Monitor withdrawal behaviour continuously to prevent unnecessary losses
  • Water should be given right up until the catch. Dehydration is a threat during the waiting period before slaughter.
• Plan your catch carefully and ensure your crew are well-trained, disciplined, under strict orders and prioritise bird welfare for best results.
  • Birds should be kept calm
  • Minimise physical contact and jostling
  • 16-18 degrees C and controlled ventilation (fresh air) – but avoiding chilling the birds
  • A checklist should be used to summarise your action plan
  • Always catch with care and minimal disruption – correct methods are profit saving, preserving the quality of the product.
• Transporting birds to market
  • Use modules rather than crates – this saves on birds accumulating bodily damage (the better investment)
  • Make sure birds are not on their backs
  • Don’t overfill or overheat – this introduces stress and leads to weight loss
  • Too few birds per module and they are not buffered and can get injured
  • Consider their temperature and ventilation & keeping this constant

The bottom line…

The downgrading of meat resulting from bruising or maiming or even loss through DOA (dead on arrival) – reduces profit.

Your job of stockmanship right up until:

• handing over to logistical partners
• slaughter, or;
• sale

…has a direct impact on your profit.

Be well aware of where gains and losses are incurred.

Remain vigilant and coordinated amongst all hands-on parties in the process.

And now over to you:

Are you new to stockmanship and need tight procedural planning to succeed?

Have you made costly handling errors before and now look to improve?

Either way, write me back and let me know.

I read every comment.

Speak soon,

Temi

Go to chapter 20 of this eBook by clicking this link…“Agri-accounting & Bookkeeping”. Click here to find the next chapter.