Re: Yearly business plan - realistic or not? What else should I account for?
Is there any way to increase your expectation for lbs/hive and price per pound? Set a goal of 75lbs or 100lbs or 125 lbs, etc. And work towards getting a better price per pound, 4$, $5, $6 or better.
It's been a good year for me at 100lbs per hive wintered extracted and have another 100lbs of wet honey per hive still on the hives. Hoping they cap it soon with lower humidity and I can get on with sugar syrup feeding. Been selling at $4 per pound which is on the low side.
Be realistice but your gross income seems marginal to run and grow the business so it is a full time job. As others have pointed out you need vehicle cost, ?fork lift, extracting cost, taxes/rent, building, utilities, and extracting cost. However, you could easily double your gross income.
Follow your passion and good luck.
If you always do what you always did, you'll always get what you always got!