When starting a business that distributes a product that needs to be cultivated over an extended period, entrepreneurs will face unique challenges to manage supply and demand. For instance, starting a vineyard means that you will need to spend an ample amount of time crafting your goods in order to receive a positive response from your target market.
It’s not uncommon for wine lovers to enter the business and expand upon their passion. However, developing this delectable drink is more than just squeezing a few grapes – AskMen.com reports that if you are interested in this industry, you will need to choose between opening an estate winery or a vineyard.
A vineyard can be defined as the place where the grapes are grown and then given to wine crafters to create the drinks. An estate winery is where the grapes are both grown and then produced into wine to be sold to the masses. If you are just starting out with a few business loans or you want to begin on a small scale before dedicating your career to the wine business, you might want to start with a vineyard.
Brushing up on the industry
The first step to starting a vineyard is to learn as much as you can before beginning operations of your own. Douglas Moorhead of Wine East Magazine reports that although it may seem time-consuming, visiting a wide range of vineyards prior to opening your own business can go a long way when it comes to avoiding common industry mistakes.
By touring other vineyards and estates, you can get a better idea of how you want to establish your business. Doing so can also give you tips on how to avoid reinventing the wheel. If you aren’t sure of whether opening a vineyard is truly the right career path for you, visiting wineries will help you make a final decision.
Finding a location
Purdue states that perhaps the biggest decision you will make during your career as a vineyard owner is deciding where to locate your business. This will be based on the type of grape that you decide to grow and which climate it thrives in. Most vineyard owners will tell you that it’s best to steer clear of regions where there are long, harsh winters. Frost can easily kill grape plants and hinder your production.
Gathering the necessary materials
Every entrepreneur has to dedicate a certain amount of business funds to equipment that will be used to create the end product. In the case of vineyards, this requires many pieces of farm machinery to do everything from till the soil to help with harvesting the grapes.
Tractors for vineyard use can cost anywhere from $1,500 to $15,000, but this will likely depend on the size of your land and how many grapes you expect to produce annually. You will also need to consider buying smaller products, such as scales to weigh your produce prior to shipping, as well as containers to keep them in good condition.
When considering costs for equipment, you might also want to calculate in the amount of money you expect to pay for labor. While you might be able to handle 3 to 5 acres of your own, you may need to bring in an additional staff member to help with larger portions of land or simply help with the harvesting process. In the end, you will have more of an opportunity to enjoy your business by distributing some of your responsibilities to others.