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Lorette - How to open & operate a financially successful herb and herbal plant business : with companion CD-ROM

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Lorette How to open & operate a financially successful herb and herbal plant business : with companion CD-ROM
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How to open & operate a financially successful herb and herbal plant business : with companion CD-ROM: summary, description and annotation

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Today s health conscious society has redefined how many people look at small business in the food and health industry you must not only greatly understand how to provide the newest and most effective herbs; you must understand how to differentiate, provide information, and most of all reach your customers before anyone else. Competition is fierce and success can be short lived if you do not understand how the market operates. Herb businesses operating on the Internet alone have increased by more than 1000 percent since 2002 according to PEW Internet Research and that means a whole lot of people have tried their hand in this market. That means you need the kind of head start that only something like this book can offer a full review of the various intricacies of the herb business and what new customers and old customers alike are looking for that you need to be able to provide. You will learn everything you need to know before you start your business, first and foremost being the basics and details of the different herbs that you will be using and how they grow, what they do, and what they need. After learning the basics of herbs, you will learn how to structure your business, what you will need to operate an herb business and what is involved in the inner operations of that business as described by other businesses and herb experts. You will learn how to start setting goals and looking to the future for your business and how to start marketing your business and talking to the public. Whether you will be operating out of your home or you are looking to buy or rent office space, this book can help you with a wealth of start-up information, from how to form and name your business to deciding if this will be a joint venture or if you would rather work solo. Valuable information on forming a Partnership, LLC, Corporation, or becoming a Sole Proprietor, the four types of business formations, is included, and also the legal implications of each. This complete manual will arm you with everything you need, including sample business forms; contracts; worksheets and checklists for planning, opening, and running day-to-day operations; lists; plans and layouts; and dozens of other valuable, timesaving tools of the trade that no business owner should be without. While providing detailed instruction and examples, the author leads you through every detail that will bring success. You will learn how to draw up a winning business plan (the companion CD-ROM has the actual business plan you can use in Microsoft WordTM) and about basic cost control systems, copyright and trademark issues, branding, management, legal concerns, sales and marketing techniques, and pricing formulas. You will learn how to hire and keep a qualified professional staff, meet IRS requirements, manage and train employees, generate high profile public relations and publicity, and implement low cost internal marketing ideas. You will learn how to build your business by using low and no cost ways to satisfy customers, and also ways to increase sales, have customers refer others to you, and thousands of excellent tips and useful guidelines. The world of herb businesses is booming, but there are still only a handful of experts and success stories, and for this book they have been contacted and their expertise added to the pages within to help you understand what works and what doesn t. You will learn how to develop your product and your brand and how to start creating special events and services that can boost your herb business and get your name out. Learn how to expand your business and enter the market effectively and what you need to do to take advantage of new and popular herbs as they are introduced to the market. This book is a compendium of everything a potential herb salesman needs; don t let it pass you by

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How to Open & Operate a Financially Successful

Herb and Herbal Plant Business

Edited By Kristie Lorette How to Open Operate a Financially Successful - photo 1

Edited By Kristie Lorette

How to Open & Operate a Financially Successful Herb and Herbal Plant Business

Copyright 2011 by Atlantic Publishing Group, Inc.

1405 SW 6th Ave. Ocala, Florida 34471 800-814-1132 352-622-1875Fax

Web site:

SAN Number: 268-1250

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be sent to Atlantic Publishing Group, Inc., 1405 SW 6th Ave., Ocala, Florida 34471.

Library of Congress Cataloging-in-Publication Data

How to open & operate a financially successful herb and herbal plant business : with companion CD-ROM / by Atlantic Publishing Group, Inc. ; edited by Kristie Lorette.

p. cm.

Includes bibliographical references and index.

ISBN-13: 978-1-60138-329-7 (alk. paper)

ISBN-10: 1-60138-329-0 (alk. paper)

1. Herb industry--Management. 2. Herbs--Marketing. 3. New business enterprises. 4. Small business--Management. I. Lorette, Kristie, 1975- II. Atlantic Publishing Group. III. Title: How to open and operate a financially successful herb and herbal plant business.

HD9019.H472H69 2010

635'.70681--dc22

2010053312

LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Web site is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or Web site may provide or recommendations it may make. Further, readers should be aware that Internet Web sites listed in this work may have changed or disappeared between when this work was written and when it is read.

TRADEMARK DISCLAIMER: All trademarks, trade names, or logos mentioned or used are the property of their respective owners and are used only to directly describe the products being provided. Every effort has been made to properly capitalize, punctuate, identify, and attribute trademarks and trade names to their respective owners, including the use of and wherever possible and practical. Atlantic Publishing Group, Inc. is not a partner, affiliate, or licensee with the holders of said trademarks.

A few years back we lost our beloved pet dog Bear who was not only our best - photo 2

A few years back we lost our beloved pet dog Bear, who was not only our best and dearest friend but also the Vice President of Sunshine here at Atlantic Publishing. He did not receive a salary but worked tirelessly 24 hours a day to please his parents.

Bear was a rescue dog who turned around and showered myself, my wife, Sherri, his grandparents Jean, Bob, and Nancy, and every person and animal he met (well, maybe not rabbits) with friendship and love. He made a lot of people smile every day.

We wanted you to know a portion of the profits of this book will be donated in Bears memory to local animal shelters, parks, conservation organizations, and other individuals and nonprofit organizations in need of assistance.

Douglas and Sherri Brown

PS: We have since adopted two more rescue dogs: first Scout, and the following year, Ginger. They were both mixed golden retrievers who needed a home.

Want to help animals and the world? Here are a dozen easy suggestions you and your family can implement today:

  • Adopt and rescue a pet from a local shelter.
  • Support local and no-kill animal shelters.
  • Plant a tree to honor someone you love.
  • Be a developer put up some birdhouses.
  • Buy live, potted Christmas trees and replant them.
  • Make sure you spend time with your animals each day.
  • Save natural resources by recycling and buying recycled products.
  • Drink tap water, or filter your own water at home.
  • Whenever possible, limit your use of or do not use pesticides.
  • If you eat seafood, make sustainable choices.
  • Support your local farmers market.
  • Get outside. Visit a park, volunteer, walk your dog, or ride your bike.

Five years ago, Atlantic Publishing signed the Green Press Initiative. These guidelines promote environmentally friendly practices, such as using recycled stock and vegetable-based inks, avoiding waste, choosing energy-efficient resources, and promoting a no-pulping policy. We now use 100-percent recycled stock on all our books. The results: in one year, switching to post-consumer recycled stock saved 24 mature trees, 5,000 gallons of water, the equivalent of the total energy used for one home in a year, and the equivalent of the greenhouse gases from one car driven for a year.

Introduction Spanning time and cultures herbs have been used and revered for - photo 3

Introduction

Spanning time and cultures, herbs have been used and revered for their ability to add flavor to food and color to gardens, and, in many cultures, for their contribution to physical and mental health and wellness. If you love gardening and know herbs or want to learn more about them and share that knowledge, it is not a surprise you have been thinking about starting an herb business. This book will help you learn what it takes to start a successful herb and herbal plant business. Coming to a decision that makes sense, financially and personally, usually means asking yourself as many questions as possible, using those answers to speculate on several potential outcomes, and then crafting a plan of action. Although no single source can answer all questions, this book strives to provide the basic information and resources needed to get started on opening and operating a successful herb and herbal plant business.

Taking an idea from initial excitement to working reality requires planning. Time spent on planning and research before you embark upon any business venture saves hours of possible mistakes when you are actually operating the business. In carpentry, there is the saying: Measure twice and cut just once. That same principle applies to every venture. The more planning you do now, the better prepared you will be to establish and actually run a successful business.

One of the first things to think about in the planning process is whether you really understand what running an herb business means. If an herb business is your dream, define that dream. Do you want to sell only plants (seeds and pots)? Do you plan to run your small business out of your home on a part-time or full-time basis? Are you going to sell only at fairs and festivals? Are you taking part of an existing farm and dedicating it to herbs? Are you going to use space in an urban/suburban house and yard to grow plants and sell on site? Or do you have still another option? Whatever you have in mind, it is the intention of this book to help you lay out your dreams and ideas so you can reform them into concrete plans.

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