What is a poultry project reporting period?
A poultry project reporting period is the timeframe that you plan to begin and finish your poultry project.
This reporting period is the time scale that the entire project runs to.
Why is a poultry project reporting period important?
A poultry project reporting period is the entire time available to convert the investment into a return.
It is the principal parameter for the project.
And because the value of investments are time-dependent (that is to say what they are really worth at the end changes with the time allocated)…
…setting a clear finishing line for the project gives you a firm boundary for setting profit expectation.
In other words,
where investment is still in action (yet to be cashed in) there is still the risk of loss.
Only when you have closed off the project and have the fruits in your hands will you really know what it was all worth.
Best practice
Use the standard
A typical time period for a poultry farming project report is 6 years.
Why?
Because it gives your business enough time to:
- get going
- being predictable patterns of production
- bring in consistent cash flows & profits
- pay back its start-up debts
- pay you clear return on your investment
This is a typical period of projection when writing a detailed poultry project report.
Remember investments are long term
Short term gains in profits earned are not the point of investments.
But actually, the long term asset value increase is where the REAL pay off occurs.
The interim profits made by your poultry farm will pay your upkeep during years of ownership.
However, the real gains are made when you exit.
Then (if all going according to plan) you should expect a significant lump sum payout when you transfer ownership.
Plan your exit method and transfer value
Know in advance of an exit EXACTLY what you would need in order to move on to the next stage of your working life.
Do you need capital to:
- immigrate?
- buy a property?
- buy another business?
- give an inheritance to children?
- buy other physical assets?
- buy digital assets?
- travel?
- become an investor?
Plan exactly what you want to do after running this poultry farm business and how much you would need.
This is your target transfer value.
Also, bear in mind your ideal exit method.
Factor in some buyer requests like handover training or shadowing, for example.
This may help you achieve the optimal sale price.
Further reading: Why every business owner needs an exit strategy – Business.com
