Start hatching baby brine shrimp right away and start feeding it a couple times a day. It will take 24 hours for it to hatch and the adults will eat it, too, so it won't go to waste (plus, hopefully, the parents are clueful enough to not eat their own young. Sometimes it takes cichlids a few times to get it right.)
Be sure to read some of the Net articles on raising baby brine shrimp, it isn't particularly difficult, you need (well, what I use) is a 1 qt jar, a small airpump, some tubing, salt, eggs, ...
Breeding rams is quite the challenge - in my experience, Discus are easier to breed than rams. The real challenge will be raising the fry to saleable size. Good luck.
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