Green thumbed entrepreneurs may dream of making that passion a life income.
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The best thing about discovering how to make something you love the focus of the work that you do is that you naturally enjoy work. Starting a nursery business can be the best path for the gardening entrepreneur to launch passion into profit.
Start with a Solid Entrepreneur Business Plan
Every entrepreneur should start a business endeavor with a great plan. A nursery business founded on a solid plan will be more likely to bloom.
Create a vision for the business – the direction of the nursery should include what will be sold by the entrepreneur and what will be the customer base (retail or wholesale).
Set up a budget – the costs for a start of nursery can be minimal by using the existing space and plants. It may be necessary to rent a location to market the products. All of these costs need to be factored in so that a price can be set that will allow for a profit. Entrepreneurs who are starting a nursery business should take into consideration the cost of water, mulch, tools and other items that help to keep the garden flourishing.
Review the market – the nursery capital of the world is located in a small town in Tennessee, but more nurseries open there. Finding the right niche may be all an entrepreneur needs to launch into the nursery business. Understanding the market – competitors and customers – will make that endeavor a possibility.
Start slow and build from there – finding the right customers and building up products will take time with a nursery. The more recognition an entrepreneur has or grows within the industry then the easier it will be to establish a nursery business.
An industrious entrepreneur uses what is available.
Start the business with plants that are growing in the garden. Many plants naturally multiple and need to be divided regularly. Some nurseries specialize only in selling these types of plants. Some entrepreneurs may have the patience and property to propagate additional plants from the seeds of the ones already growing.
A budding nursery entrepreneur needs to cut costs whenever possible. Using a property that is already owned makes it possible to build the nursery close to home. The entrepreneur can begin to consider additional off-site locations for marketing plants as the business grows and expands
Following a passion gives many entrepreneurs the edge over larger companies. An entrepreneur with a green thumb and a passion for plants should consider the nursery business. There are no magic beans when it comes to launching a successful nursery business. Passion, a sound business plan and creatively using what is there will help the entrepreneur get off to the right start.