Your gardening skills mean you already know the type of garden is best suited for your area, whether it’s raised beds or a conventional gardening setup. Beyond that, there are important garden and produce business ideas and tips you’ll need to consider.
Make a list and tackle each of the following:
- Competition – Find out who your competitors are and what your market area seeks. Visit other home gardening businesses, chat with owners, and sample their wares. Consider what you’ll do different.
- Define Your Business – Beyond selling your vegetables and fruits, do you plan on offering other items such as gardening classes or gardening tools? Maybe you want to sell seeds as well. Write down everything you plan to sell or offer. Include where you will get inventory supplies and if you decide to offer classes, design a class schedule.
- Business Budget – Consider what expenses you will incur when starting your garden business. If you need to build a bigger garden, what will it cost? How much will supplies and other gardening inventory cost you? Design an effective startup business budget.
- Profits & Pricing – Next decide on what prices you will set based on your market area. Set realistic goals on what you can expect in profits and compare those profits to your expenses.
- Funding – Do you have enough funding for your business or will you need to apply for a bank or SBA loan?