Sometimes a person can sit and plan out what needs to be done, and then do it. It works for some. Sometimes a person can sit and plan and plan and plan and that is all he does and nothing gets done. I think planning is a good thing, but if you don’t put feet to your plans, then what good is the planning?
I understand that when you plan something, it shouldn’t be black or white, nor should it be written in stone. There are circumstances that come up to change the plans of either of time or finances. Sometimes the plans are just not realistic.
There are differences in:
A. Goal setting
A. Goal setting should be broken down into two sections.
1) Long range goals:
10 years: Where you want to be in 10 years? How big do you want your business to be? How much money do you want to be making at that time?
How are you going to get there? Are you going to buy or build your equipment? Are you going to buy nucs or are you going to split your colonies? How fast are you gong to grow?
B. Have you decided to sell bulk, wholesale, or retail? If retail, then out of home, from your vehicle, farmers’ market, or fair/festival. What sizes of containers are you going to use, 6 oz, 12 oz, pint, quart, half gallon, 1 gallon, 5 gallon buckets. are you going to sale wax retail? If so, then are you going to make candles or are you going to sale just molded wax? Is anything going to be colored? If so how are you going to color them?
2) Short range goals: 2 years;1 year; 6 months – same as above.
C. Scheduling: This is where you get a calender and actually put some goals down on paper. Contact the people that you need to in order to get your booth set up for the occasion.Â Then you have to bottle the approate containers in the amount that you think you will need then add a case (12 to 24) extra. After a few times you will know more about how much you will need.
Now this is the hard part. All the money you make is not profit. You will have to take the actual receipts for the containers, fuel, drinks, and food that you use off the gross income of that occasion and what you have left is you profit. Now, instead of spending that money to take your wife or girlfriend out to dinner to celebrate, you need to put it in the bank for future expenses.
Here is the breakdown of your income:
50% is for your business expenses- replacing wooden ware, foundation, pollen patties, sugar for Winter feeding.
25% is for your vehicle expenses- fuel, oil changes, new tires, mechanical repairs.
25% is for you- to spend however you wish. This is for you and your family.
At this point, you start to treat your apiary as a business and grow as your profits allow. Please do not go into debt (mortgage you house) for your bee business. You can make money if you watch what you spend and spend only what you have to. Too many believed that they knew what they were doing and didn’t keep good books and overspent and lost not only their bees and equipment, but their homes too.
I wish you all the goodness you deserve. If you have doubts or questions, don’t hesitate to ask. The only dumb question is the one that is not asked.
Have a good day and read – read- read. Have a Safe and Happy 4th of July.