Want to start a dog treat business and don’t know how where to start? although there is a market for dog treat businesses in America there are many different steps you need to take when starting a business. In this post, I’ll be sharing a guide to starting a dog treat business.
Demand for a dog treat business
According to the American Veterinary Medical Association (AVMA) statistics, America has the largest number of pets that it has had at any particular existence. As well as these statistics, the American Pet Products Association (APPA) also confirmed that 68% of US householders own a pet. However, these statistics were from 2016 it still shows the rise in pet owners across the US. More recent surveys from 2019/2020 showed that over 63 million households in the US own at least one dog.
Many of these dogs are owned by millennials according to the American Pet Products Association. This means that there will be an increasing number of pets especially dogs in the next few years. The increased number of pets means there is an increased demand for dog treats now and in the future. This increase in demand for dog treats means there are more opportunities for entrepreneurs to provide dog treats. Dog treats are used to nourish and sustain pets all over the US and can make a great business. Here is our guide to starting a dog treat business.
Steps needed to make a profitable dog treat business
There are many dog treat businesses in America presently. However, the increasing demand for dog treats has increased due to the rising number of dogs. Alongside this increase in the future, there will be a need for more dog treat businesses to be opened. This is due to the increased number of pets per household. This post will provide you with a guide to starting a dog treat business from nothing. It will also provide you with the steps you need to create a stable and profitable business within a reasonable amount of time. If you’re really serious about starting a dog treat business and making it into something profitable follow the steps below.
Make a business plan for a dog treat business
The first step you need to take when considering any business is to create a reasonable business plan. The business plan will always act as a guide to your dog treat business. Your business plan will be a blueprint that you will always need to refer to for direction. It important you create a business plan for your dog treat business as it can make or break your business as a foundation for your business. It’s also important that you have the financials in place before starting any dog treat business. This alongside the business plan is the most important step to making your dog treat business work. By avoiding any risks from the beginning will stop things getting ruined from the start. Once you’ve followed these steps you’ll be one step away from making a profitable dog treat business.
Apply for a business licence
There are many steps you need to take in order to start a business in the United States in order to fulfill the conditions of the law. One of the main requirements and most important things you’ll need is a business license. Without a business license, the business is not recognized by the law, meaning you do not own the business.
Once you’ve created your business and it has been accepted, you’ll need to apply for a business license in your state. ( The state you’re business will be situated in). There are many different laws depending on the state your located in. Some licenses that work in New York for instance may not work in Florida making it even more important that you apply in the state you wish to run the business from. Applying for and retaining a license can take days and even weeks to be approved. Don’t be concerned if it takes a little time to retain the license.
Secure a location for your dog treat business
With any brand or business, you create it’s important to secure a good location for your dog treat business. This is one of the most important aspects of setting up a business and can have a huge impact on the future of your business. There are many times where businesses have great products, however, they are located in the wrong part of town and the brand is unknown by this. It’s important that this is a mistake you don’t want to make with your dog treat business.
Now that your ready to consider your location there are many aspects of the location you need to consider such as the following:
- Accessibility to your target market
- How many pet owners are in the location?
- Are the roads accessible?
- Is it far from the pet community?
- What is the foot fall like?
- Are you in a prime location?
The main success of your dog treat business will depend on the recipes you create. There are many different companies that have already developed a dog treat business. Alongside this, there are also thousands of people just like yourself starting a dog treat business at the same time that you are. The best way to overcome this is by offering recipes that are the difference between the success and failure of existing companies. The recipes that your developing will be the beginning of your end product. It’s important to know that the end product is what the business will be known for and successful for. When you start do a lot of research and lookout for some of the following:
- What types of treats are currently successful
- The types of treats dog owners want
- Types of treats that have not been successful
Identifying the above will help you develop strategies and help you move in the right direction. If you take this approach you’ll get a clear understanding of the market and be successful in a small period of time.
Purchase materials and equipment
There is now a dog bakery course you can do to help you start to help and guide you through the process of starting up. that you have your recipe in place you’ll need to start producing your dog treats. In order to do this in mass production, you’ll need a number of tools and materials in place. Once you’ve developed a business plan, received your business license, and created your recipe you can start buying the equipment needed to start your dog treat business. Alongside the tools, you require to make the dog treats you’ll also need to purchase the raw materials you need to make your dog treats. When you’re looking to buy equipment it’s important you invest in tools that will help you run your business with as little stress and fuss. The worst thing is to purchase equipment that will cause trouble and may even be defective. As you’re already facing a battle against other dog treat companies you want as little stress from inside the company. As your business grows you’ll also need equipment that will enable you to mass produce your dog treats.
Launch the business
Once you’ve successfully followed the first five steps it’s time to launch your business. Now that you’ve spent months planning your business and you’ve got to this stage it’s time to start your business and get it running. Here are some of the things you’ll need to do when opening your business:
- Open you’re business in you’re location
- Hire Employees ( if needed )
- Make sure you’re paperwork is in place
- Set up business accounts
- Set up equipment
Now that you’ve set up the following you can make the place really look like the way you’ve dreamt it to be. You can add some decoration, shelves to showcase your products, and many other ways to make your business stand out from others.
Produce your dog treats
Now that you’ve launched your business you can start creating those delicious dog treats you produced in the past. It’s also time to give yourself a pat on the back as you’ve overcome a lot of hard work to get where you are. It’s important to know that what has worked for one company may not work for another as it does depend on the goal and size of the company. Some companies like yours may be running the company alone or with little employees and producing the treats alone. Whereas other companies may be producing to a mass scale and have more employees that are hands-on in helping create the dog treats such as Mars Petcare. If you plan to create a larger company there are many aspects you’ll need to consider such as:
- Setting up a prediction line
- Employing workers
- Making sure each treat is produced the same
- Teaching workers the receipt
- Knowing how to produce your treats to a mass scale ( knowing how many ingredients you need to creat the same end product)
Knowing and organizing the above will ensure everyone is on the same page and working to wards the same goals of the organization.
Hunt for customers
Once you’ve created your first batch of delicious dog treats you’ll need to sell them. This is one of the main challenges for dog treat business owners. After going to so much effort to open your business and produce these to treat what use is it if you cannot sell them?. No matter how good your products are it can be very difficult to sell them. This is why it’s important to hunt for customers to sell your products too. If you managed to do some extensive research you’ll know the location of many dog owners and it’s time to make them aware of your products. You may be wondering how to do this? here are some tips on how you can make pet owners more brand-aware:
- Visit dog owners in the are
- Send mail to dog owners
- Offer samples of products
- Give discounts
Now that pet owners have tried your products you’ll definitely see an increase in footfall. Once you have a good product it will be hard for the customers to leave especially if your price is competitive.
Grow your business
Realizing that you’ve now become a successful dog treat business, it’s easy to make the same mistakes that other businesses have made. These mistakes have even ended up in milling their businesses and forcing them to close. Now that your business has been running successfully for many years it’s important to know that this is no the end. Especially if you wish to grow a successful long-running business. If your business has now broken even and started making a profit it does not mean this is the end of the hard work and time to rest. It’s more important now than at any time to develop further strategies to make the business performed at a higher rate. At this point you should:
- Invest more money into advertising
- Create a larger workforce
- Produce more products
- Develop strategies that make your business stand out
Further growth means that your business will have:
- More stability
- Make more profit
- Have more market Dominance
All of the above will make sure your brand is a contender with in the market place and well known to pet owners with in the state.
Support your growth
Growth is very important when it comes to owning a business especially if you’re an ambitious business owner. No matter how much growth you may obtain in your dog treat business you must always look at ways you can improve. Once you’ve started to grow your business you must support that growth. If you’re the market leader it’s important to ask yourself what is needed to continue to be the market leader. There are many dog treat business owners that want to be in the same position that your in and it’s important you don’t let them steal your position. Here are some of the ways you can keep your position with in the market:
- Develop better recipes
- Invest in more staff
- Organize local fiar and invite dog owners
- Meet industry newcomers
- Attend dog treat exhibitions
Now that you’ve followed our guide to starting a dog treat business the list is endless and the opportunities are also endless. The bottom line is to continue to support the growth of your business and not to give up when you start to make a profit as this is no the end of it. You must always stay ahead of the game to become successful.
In order to become a successful dog treat business owner, it will require a lot of dedication, passion, perseverance, and planning. There are no shortcuts to success and if you follow the guide to starting a dog treat business above you’ll be on your way to a successful dog treat business. It’s also important to have a good enough product to reach the height of the market and make the business sell itself.