Identifying Homestead Business Opportunities

by V
(Los Lunas, NM, US)

I have 40 acres 20 miles from Pecos, Texas and am trying to find a use for it. Perhaps raising chickens or something. would you have any suggestions?


MEG: THERE'S NO POINT GROWING ANYTHING COMMERCIALLY UNLESS YOU ARE COMPETITIVE, SO FIRST YOU NEED TO DO AN AUDIT TO DISCOVER YOUR COMPETITIVE ADVANTAGES...

* WHAT RESOURCES AND LABOR ARE IN THE LOCAL AREA?
* HOW MUCH WATER DOES THE PROPERTY HAVE?
* WHAT IS THE CLIMATE AND SOIL SUITED TO?
* WHAT IS ITS PROXIMITY TO MARKETS AND TRANSPORT NETWORKS?
* WHAT ALREADY GROWS IN THE AREA?
* WHAT WASTE PRODUCTS ARE PRODUCED IN YOUR AREA THAT YOU COULD USE AS A CHEAP INPUT FOR YOURS?
* HOW MUCH LABOUR AND MONEY ARE YOU PREPARED TO INVEST?
* WHAT INFRASTRUCTURE IS ALREADY ON THE PROPERTY AND WHAT VENTURES MIGHT IT SUPPORT?

ONCE YOU HAVE A SHORT LIST, YOU NEED TO CRUNCH THE NUMBERS WITH A CASHFLOW FORECAST FOR EACH TO SEE IF IT IS LIKELY TO BE VIABLE AND COMPETITIVE.

THEN... START IN A SMALL WAY AS A PILOT. SEND SAMPLE PRODUCE TO YOUR POTENTIAL CUSTOMERS AND GET THEIR FEEDBACK.

IF ITS A WINNER... CONSIDER PROMOTION AND BRINGING OTHERS IN YOUR REGION TOGETHER TO GROW IT SO YOU HAVE THRESHOLD MARKET PRESENCE, CAN GUARANTEE SUPPLY, POOL RESOURCES, SHARE CAPITAL, FUND SHARED RESEARCH ETC.

IF ALL THAT SEEMS LIKE TOO MUCH WORK, PERHAPS YOU'D BE BEST TO AIM FOR SELF SUFFICIENCY. BECOME OR HIRE A PERMACULTURALIST AND DEVELOP YOUR FARM FOR MAXIMUM DIVERSITY AND PRODUCTIVITY SO AT LEAST YOU CAN SUPPORT YOURSELF AND HAVE STUFF TO BARTER. WE ARE UP FOR INTERESTING TIMES AND THIS MIGHT BE A GREAT OPTION!

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Small Business Ideas Forum.