In establishing a plant nursery, particularly for business purposes, having knowledge in growing plants is not enough as it entails challenges that require dedication, long hours, and hard work. If you’re knowledgeable about plumbing, electricity, equipment, soil types, labor management, packing, and shipping products, use these skills to your advantage to improve your nursery even more. If not, take time to learn these aspects for you and your nursery’s growth.
Before starting your business, anticipate threats and problems that you’ll face before or once you begin your operations like natural disasters, plant diseases, insects, low sales, and an unpredictable economy. Prevent and adapt to these circumstances by preparing these things:
Research about the business
Before spending your money on nursery items, study the business by investing in books, magazines, and other useful materials for your learning. Better yet, visit plant nurseries so you would get fresh ideas from them. You can join groups and organizations to gain connections and additional knowledge on the sector. Otherwise, you can attend workshops and classes about running a business well or on how plant production works.
Determine the nursery type
There are various types of plant nursery businesses. Retail nurseries are those that mostly sell to small operations like home gardeners, while wholesale nurseries mainly offer products or services to large enterprises like landscape contractors, retail outlets, and distributors. Plant nurseries can also specialize in certain plants such as ornamentals, native plants, or trees.
Tips for starting a plant nursery
One business element that can hugely contribute to your success is location. Nurseries found in accessible areas usually attract more customers because it is convenient and can be easily visited. With this, setting your nursery on main roads or near the urban area is something that you can consider, if not at home. Check if there’s adequate space, a reliable source of water, an available labor source, and access to transportation. Research about your chosen site and consider any competition near you.
Legal business requirements
Secure necessary permits, licenses, or certificates to operate your business. You can talk to a professional regarding this. Ask and study about environmental issues, business inspections, taxes, and working relations. Also, determine your goals and objectives through a business plan. If you plan on loaning money, many lenders look for business plans, so make sure you prepare one.
Building a nursery business will demand you a capital investment. List down the necessary expenses from constructing the buildings, greenhouses, and irrigation systems, as well as the cash you will need to keep the business running.
Starting a nursery doesn’t have a standard guideline and can change according to your purpose, needs, and resources. This is a broad outline of what’s needed to start, but there are other needs and ideas you can explore and learn about along the way.