Research and dog breeding business

Dog breeding business is a lucrative venture though it may be demanding in terms of time and effort and will also require some financial investment, but before you can start making money from breeding dogs it is very important that you have a good grasp of the processes involve in how to start a dog breeding business.

Once you have dipped yourself well in the knowledge of dog breeding and you are now certain that you are ready for the business part of dog breeding, the first line of action should be an exhaustive research on how to start the dog breeding business and choosing your breed.

It is advisable to decide on the dog breed that you intend to breed for business and do not try to be the jack of all trade and a master of none by getting involved with different types of dog breed. You may need to research on the dog breed that you are interested in and get yourself as knowledgeable as possible about that breed.

Regardless of the breed you choose, there will always be a market for it but it may not be lucrative enough in your region and may not be the best for you. However your choice should be influenced by your environment and the prevailing market demand since you intend to breed the dog for business.

These are some of the basic research questions you must provide answers to:

• What is the market value of the breed in term of price?
• Can the breed be source locally or do you have to import them?
• Who are the customers?
• How popular is the breed when juxtaposed with other breeds?
• Who are your competitors?
• Can you compete in the market as a new entrant in terms of your present skills and knowledge in dog breeding and your present financial base?
• Can you afford to purchase a dam and a stud?
• Can your budget cater for the dog food, vaccines, etc?
• What are the expenses involve in the registration of the dog breeding business, your business name and marketing?
• What about your business plan?
• If you do not have the financial bases, how and where can you raise the capital?
• If you get a loan, what is the business plan that you have in place for repaying the loan?
• Do you have a written projection for the business that you can follow and adjust as the business evolves?
• Does your financial plan include emergencies such as the cost of paying for a cesarean section which is quiet expensive?

This is very important because your success as a breeder will depend a lot on your expert knowledge of the dog breed that you intend to produce and sell.

How to Start a Dog Breeding Business:Steps to Follow
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