Produce Farm Business Plan Sample
16 Pages2801 Words313 Views
Added on 2020-05-16
About This Document
This report is on "SWOT analysis of iFarms". Farm technology aims at being a trusted venture that farmers recognize as a unique and reliable way of hearing and seeing where the animals are and what they are doing in real-time within the farm environment. The founder of iFarm is known as Bob Robinson. We will discuss here the market feasibility, iFarm technology ethics, target analysis, objectives of a competitive analysis, techniques for the analysis of the competition, make a strategic analysis of the market, human resource feasibility, operational and technical feasibility.
Produce Farm Business Plan Sample
Added on 2020-05-16
ShareRelated Documents
Business PlanName:Course Professor’s nameUniversity nameCity, StateDate of submissionPage 1
Executive SummaryThis is a business plan iFarm company limited. iFarm , provides individualized yet bespoke services to individual farmers in Australia to help them in monitoring their herd of cattle’s when in the farm. It is a device that has even an application to suit the need of each farm. Thisis an idea conceived by farmers in need of better monitoring of their farms while they attend to other matters. It effectively builds a system of accountability and transparency in farms thathave large numbers of animals to feed, and manage. It is the only application with live video streams and audio as communication mechanisms for ranch owners and farm managers. It is anew and innovative service that has moved through the design with minimum viable stage anda lean start ready for the Australian large market.Page 2
Table of contentExecutive Summary...............................................................................................................................2Table of content......................................................................................................................................3What’s iFarm App all about?.................................................................................................................4Mission Statement..............................................................................................................................4Founder..............................................................................................................................................4How does iFarm Technology work?...................................................................................................5iFarms Technology Ethics..................................................................................................................5Market Feasibility..................................................................................................................................6Study of the viability of your business...............................................................................................6Target Analysis..................................................................................................................................7Objectives of a competitive analysis..................................................................................................8Techniques for the analysis of the competition..................................................................................8Make a strategic analysis of the market..............................................................................................8SWOT analysis...................................................................................................................................9Human resource feasibility...................................................................................................................10Key personnel...................................................................................................................................11Recruitment options.........................................................................................................................12Training programs............................................................................................................................12Operational and technical feasibility....................................................................................................13Production........................................................................................................................................13Distribution......................................................................................................................................13Legislation........................................................................................................................................13Operations........................................................................................................................................13Financial feasibility..............................................................................................................................14Profit and loss forecast.....................................................................................................................15References............................................................................................................................................17Page 3
4What’s iFarm App all about?Mission StatementiFarm technology aims at being a trusted venture that farmers recognise as a unique and reliable way of hearing and seeing where the animals are and what they are doing in real time within the farm environment.FounderThe founder of iFarm is known as Bob Robinson. He conceived the idea after working with different farm managers who always gave conflicting reports aboutthe animals and the output or where they were. He has had two fire and hire a lot of farm managers with integrity issues and therefore decided to invent a farm application tool that monitors his herd. As one of the biggest ranchers in Northern Australia, Bob keeps both beef and dairy cows in his expansive estate with more than 50 workers. He wished there was a way to keep in touch with the business managers while giving instructions on what should be done if a decision need to be done. For example if a cow falls sick and collapses, as a certified veterinary officer he can instruct the farm managers onwhat to do while viewing the proceedings live on the camera(Abrams, n.d.).Bob knew it wasn’t as good as being there in person, however his invention was the next big thing. Being able to see his farm animals and see the progress in the day to day running of the business was an actual possibility. It would just require a camera to be placed somewhere above the ground overlookingall the farm. It turns on a 360 degrees rotational basis and can be zoomed in and out focusing on a particular point on the phone.The camera can be located at every corner of the firm and at the central position on a need be basis(How to Prepare a Business Plan, 2011). The shift in
End of preview
Want to access all the pages? Upload your documents or become a member.