A BEEKEEPING FINANCIAL ANALYSIS

Source: http://www.beeculture.com/beekeeping-financial-analysis/

Let’s Develop Some Metrics We Can Use
By: David MacFawn
Financial metrics are key numbers that you can focus on in financial statements.

There are three financial statements, the balance sheet, the income statement and the cash flow that we like to look at to find important metrics. Currently, the Honey Bee industry lacks a set of standard financial analysis metrics. Many beekeeping operations, less than 300 to 500 colonies only report financial information on their personal inco… Read More

Click Here To Get Your Copy

To be up to date with the latest information in the apiculture industry to may visit our beekeeping latest news. On the other hand if you’re beginning beekeeping and desire to start professional beekeeping today get a copy of our beekeeping for beginners ebook.

Beekeeping, like every other action, has its dos and don’ts. Beginning beekeeping typically involves buying bees and the equipment that is needed. Nevertheless, some people who are beginning this avocation normally make several mistakes. It is alright to make mistakes, and this post can help new beekeepers avoid making precisely the same mistakes others have previously.

Here are three mistakes which every beekeeper should prevent:

1. Not knowing the best time to start a beekeeping business or avocation can end up being a catastrophe. It can lead to some loss of cash and your bees. Since most bees perish during the winter winter is the worst possible time to begin. This would compel a beekeeper to purchase a new mountain of bees, which would be more expensive money. Fall is another inferior time since you will find fewer blooms, thus a smaller number of honey picked, to start beekeeping. The best time to start beekeeping is during summer, which can be the time of the year where there are loads of flowers that are blooming.

2. Buying used gear and old books on beekeeping. This really is a common mistake made by many beginning beekeepers. It’s clear that one would need to save money as much as possible, but purchasing used old and equipment beekeeping publications is not a good thought. First, used gear can come with “inherited” issues. The extractor outlet might have a leak, or the uncapping knife might not be sharp enough to uncap all the wax. This would definitely change the quality of one’s honey, which isn’t an ideal situation particularly if a beekeeper is planning to start a honey-selling company. Second, info that is out-of-date can be provided by old novels on beekeeping. One might be stuck using the conventional method when there are better and quicker ways manufacture honey and to maintain beehives.

3. Refraining from purchasing protective gear. Think relating to this. He/she’ll most likely come out as a pincushion with all the bee stingers stuck to their body if one doesn’t wear protective gear when managing the hives and gathering the honeycombs. Protective equipment is pricey, yes, but it’ll help beekeepers avoid spending medical bills.

These three errors are presented here to help they are avoided by future beekeepers. It’s a good idea to consult with a specialist beekeeper before getting started beekeeping. If buying a certain thing seems overly pricey, constantly consider the end price (if they do not purchase this item now, will it cost them more later on?). Ultimately, it is up to the person to determine the best plan of action.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *