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Deer Farm (Talking About My Idea (Customer Problem? (Local place to hunt…
Deer Farm
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Elevator Pitch
Description
Raises deer, offers trophy hunting, butchers deer
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Benefits
No local deer farms, minimal competition, rising popularity of deer meet and trophy hunting
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Assessing Idea
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Do I have the talents and skills to implement this idea (or the ability to put together a team that can)? Are the risks associated with this type of venture acceptable to me?
Yes, I am very good with math, very good with animals, and I know a lot about animals already. I grew up on a farm, so I'm familiar with the atmosphere.
Are the rewards (personal growth, satisfaction, self-expression, financial, recognition) adequate to offset the risks associated with this venture?
The rewards outweigh the risks because I will finally be able to own my own real business and I will be in control of my income. I will be able to finally be satisfied with my life.
Professional Goals
Least important
Expertise, skills, and preferences
I will hire other people for things I cannot do. But as long as I can do it, I will do it.
Social interaction
I would rather work alone on most things because I am fairly independent, but it is nice to get other perspectives.
Most important
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Job security
If I see my business failing, I will look for a backup plan, but I would prefer to have my business for the rest of my working career.
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Future personal income
I prefer to receive money at the start of my business, but I trust that if I don't, I will receive enough later to make up for it.
Investment
I intend to fund the business primarily by myself, with the help of family as needed. I want to save a large sum of money before even starting my business.
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Vision Statement
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How will creating a business help me achieve my personal, professional and financial goals?
Creating a business will allow my job to be more flexible, so I can be involved in my family's lives. It will allow me to be in charge. It will allow me to have control over my income.
Personal Goals
Most important
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Flexibility
Must be able to take care of family, mostly children, when needed.
Least important
Family Involvement
I would appreciate help from family, but it will be my business, so I don't really want them too involved.
Physical Requirements
No preference on physical requirements, but I am not strong enough to lift very heavy things.
Good Idea?
Good Signs
Solves real, market based problem: no local deer farms
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Things to Do
Talk to people: talk to big game hunters, other deer farmers, people in the deer meet industry, people in the hunting industry
Make sure there is a real need: research other deer farms, places that sell deer meat, and hunting ranches
Figure out who your customers are: research local hunters that go to hunting ranches, people who buy deer meat
Avoid obsolescence: research trends in deer meat and trophy hunting to see if it is constantly rising, remaining the same, or declining
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