HONEY BEE FARMING BUSINESS PLAN
Table of Contents
Executive Plan ............................................................................................................................................... 4
Mission, Objectives and Keys to success ...................................................................................................... 5
Mission ...................................................................................................................................................... 5
Vision......................................................................................................................................................... 5
Core Values ............................................................................................................................................... 5
Objectives ................................................................................................................................................. 5
Keys to Success ......................................................................................................................................... 6
Company Summary ....................................................................................................................................... 7
Business Description ................................................................................................................................. 7
Products .................................................................................................................................................... 7
Ownership ................................................................................................................................................. 7
Company Structure ................................................................................................................................... 9
Operational Requirements ......................................................................................................................... 13
Understanding Bees ................................................................................................................................ 13
Types of bees in a colony .................................................................................................................... 13
Life Cycle Of A Bee .............................................................................................................................. 15
Choosing location of the Apiary .............................................................................................................. 16
Bee Hives................................................................................................................................................. 17
Types of beehives................................................................................................................................ 18
Equipment ............................................................................................................................................... 20
Bee Harvesting Equipment and Clothing ............................................................................................ 20
Bee Processing Equipment.................................................................................................................. 23
Apiary Management ............................................................................................................................... 26
Hanging Hives...................................................................................................................................... 26
Placing Hives ....................................................................................................................................... 27
Populating the Bee Hive...................................................................................................................... 27
Inspecting Bee Hives ........................................................................................................................... 29
Dividing Bee Colonies .......................................................................................................................... 31
Honey Bee Keeping and Seasons ............................................................................................................ 32
HONEY BEE FARMING BUSINESS PLAN
Feed and Nutrition .................................................................................................................................. 36
Health and Diseases ................................................................................................................................ 39
Bees Pests and Predators.................................................................................................................... 39
Bee diseases ........................................................................................................................................ 40
Harvesting Honey .................................................................................................................................... 42
Processing Honey .................................................................................................................................... 44
Grading Honey ........................................................................................................................................ 47
Labelling Honey ....................................................................................................................................... 48
Extracting Bees Wax................................................................................................................................ 49
Other Bee Hive Byproducts ..................................................................................................................... 52
Operation Strategy...................................................................................................................................... 54
Marketing Strategy ..................................................................................................................................... 56
Market Analysis........................................................................................................................................... 58
Demand ................................................................................................................................................... 58
Uses of Honey ......................................................................................................................................... 58
Uses of Beeswax ..................................................................................................................................... 58
Market Segmentation ............................................................................................................................. 58
Competition and Buying Patterns ........................................................................................................... 59
Industry Analysis ......................................................................................................................................... 60
SWOT Analysis............................................................................................................................................. 62
PEST Analysis ............................................................................................................................................... 64
Financial Statements ................................................................................................................................... 66
Start-up Costs.......................................................................................................................................... 66
Financing & Bank Loan Amortisation ...................................................................................................... 67
Pro Forma Income Statement ................................................................................................................. 68
Assumptions............................................................................................................................................ 69
Inputs Costs and Quantities .................................................................................................................... 70
Revenue and Expenses ........................................................................................................................... 72
Monthly Cash Flow Statement................................................................................................................ 73
Pro Forma Annual Cash Flow .................................................................................................................. 82
Pro Forma Balance Sheet ........................................................................................................................ 83
HONEY BEE FARMING BUSINESS PLAN
Break-even Analysis ................................................................................................................................ 84
Payback Period Analysis .......................................................................................................................... 85
Financials Graphs .................................................................................................................................... 86
Risk Analysis ................................................................................................................................................ 88
Potential Sources of Finance....................................................................................................................... 91
Equity Financing ...................................................................................................................................... 91
Debt Financing ........................................................................................................................................ 92
Top Reasons For Failure Of Beekeeping Business ...................................................................................... 96
Other Business Plans ................................................................................................................................... 98
StartupBiz Global Disclaimer..................................................................................................................... 100
HONEY BEE FARMING BUSINESS PLAN
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