Alpaca Business – Making a Living with the Huggable Investment

Elvis Elvis

In order to be successful, an Alpaca business must plan each aspect of their operation. This includes writing a formal business plan, planning the purchase of each piece of equipment, how to attract investors, how to do their bookkeeping, how to get every tax advantage available and, in general, how to best run their home business 

An Alpaca business must be approached the same way as any other type of business. Develop a formal business plan and use it as a blueprint for success. Before we bought our first Alpaca we visited over ten farms to see what it takes to operate an Alpaca farm. These farms ranged from small farms with less than ten animals to farms with hundreds of Alpacas.
Alpaca Business – Making a Living with the Huggable Investment
At each farm we asked the same question “do you have a business plan” and at the majority of them the answer was no. Since we were involved in writing our business plan we were curious as to why not. There were many different reasons but they all boiled down to variations of “we don’t have time” or “we don’t know how.

When we decided to start our home business raising Alpacas, we consulted several small business advisors and they all said the same thing. The very first thing successful business owners do is to develop a formal business plan.

We did a lot of research and found out that it is easier, less expensive and much less time consuming than we originally thought. Guess what else we found out? The government will help for free.

Another thing all of the business advisors stressed is the necessity of accurate up to date bookkeeping. According to the information we were able to find, the number one reason for small business failure is poor, inaccurate bookkeeping. This is one aspect of your business that you must devote sufficient time and attention to.

Hiring a good accountant is one of the most cost effective things you can do as a business owner. However, there are several excellent bookkeeping programs on the market. For detailed information on these programs and other bookkeeping tip and techniques please visit our accounting page.

Perhaps the biggest advantage to Alpaca business ownership is the many different tax write offs and incentives. They are numerous and are structured in such a way that passive investors as well as business owners can take advantage of them and save a substantial amount of money.

In fact, the tax advantages are one of the main reasons so many people are either starting or investing in Alpaca businesses. We have devoted an entire web page to the tax advantages of Alpaca business ownership. Please take a look at our Tax page!

Alpaca business ownership enjoys one of the largest rates of return of any investment available. One thing that many business owners overlook is the advantage of using OPM (other people’s money). There are literally thousands of investors looking for a better rate of return and less risk than they currently have. Being able to insure Alpacas eliminates the majority of the risk in this investment.

Most small business owners struggle in the first several years and if they fail it normally happens then. Don’t make the mistake of overlooking the large numbers of investors who are more than willing to invest in your business if you can just show them the advantages.