• <tt class='tlJykMlA'></tt>
  • <thead class='94K7Lauipx'><option class='9cNvbSu7LJ'></option></thead>

    <em class='jepytdnyfeW3'><b class='oR1Ys12nk'><td class='6rzzLTN'></td></b></em>

  • <dl class='Td0EmkF'><b class='qoWhaibfJ9'></b></dl>

  • <span class='lS1G'></span>

    How to write a business plan?

    How to create a business plan - how to write a business plan

    .
    photo from Nemo on pixabay

    I recently found out that if you500彩票手机软件下载 apply for a Canadian Agriculture Loan Act loan you500彩票手机软件下载 need to write a business plan. I found this out when I was doing research for my how to get money to start a farm post. It makes sense because they are offering you500彩票手机软件下载 half a million dollars to start you500彩票手机软件下载r farm. Why wouldn’t they want you500彩票手机软件下载 be serious enough to write a business plan? So because I found that information out, I am now writing this post about how to write a business plan. I am going to get information that will pertain to the farm because hey that is what we are talking about here.

    A business plan is basically a map of where you500彩票手机软件下载 are going to go with you500彩票手机软件下载 business. It lets people know where you500彩票手机软件下载 are and where you500彩票手机软件下载 going. Therefore, it is very important to write a great business plan, so that you500彩票手机软件下载 will be able to get the money you500彩票手机软件下载 need.

    How to write a business plan for a farm

    A business plan is going to focus on a few things.

    • A great summary of what you500彩票手机软件下载 are proposing.
    • An overview of the business’ aims. In this case it will be the farm’s aim.
    • A summary of what the product or service is going to be. If you500彩票手机软件下载 are going to produce vegetables or do the farmer’s market, you500彩票手机软件下载 want to talk about that.
    • A management breakdown. In our case this doesn’t really apply unless you500彩票手机软件下载 are starting a farm with multiple people.
    • A financial forecast which include market research or product information. Do you500彩票手机软件下载 have to do market research as a new farmer? I am not sure about that one.

    A business plan is going to be broken down into parts. From what I can tell, it is very similar to an essay.

    There is going to be an introduction.

    • Here is where you500彩票手机软件下载 put the summary of the details of the business. In this case it is going to be you500彩票手机软件下载r farm.

    There is going to be body.

    • Things you500彩票手机软件下载 want to cover in this sections.
      • What are you500彩票手机软件下载r business goals, so in this case it is going to be what do you500彩票手机软件下载 want to do with you500彩票手机软件下载r farm. i.e are you500彩票手机软件下载 going to be doing cash crops, livestock or agriforest.
      • What you500彩票手机软件下载r business is going to do in laymen’s terms, so it is crystal clear. Here you500彩票手机软件下载 can talk about what particular things you500彩票手机软件下载r business is going to do differently. (I am not sure if this would actually apply to a farmer, but it is worth noting.)
      • What the market is like for you500彩票手机软件下载r business, so you500彩票手机软件下载 should take a look at you500彩票手机软件下载r competitors. (Again not sure if it applies to farmers.) You would also outline who you500彩票手机软件下载 are targeting, so think about  a farmer’s market, restaurants or co-ops.
      • What you500彩票手机软件下载r financial forecast will be like.
        • Here you500彩票手机软件下载 are going to talk about what you500彩票手机软件下载r strategy is going to be, for example, how are you500彩票手机软件下载 going to be able to pay the money back.
        • You can also talk about how you500彩票手机软件下载 are going to price things. Think about goods you500彩票手机软件下载 are going to sell and for how much.
        • Also, talk about which markets you500彩票手机软件下载 are going to focus on, and if you500彩票手机软件下载 have any plans to do some advertising. In some cases a farmer might do some advertising if they sell goods right on their farm.
        • In you500彩票手机软件下载r financial forecast, you500彩票手机软件下载 are also going to identify who you500彩票手机软件下载r key personnel is going to be. Outline what their experiences are, and how many employees you500彩票手机软件下载 might need.
        • In this section, you500彩票手机软件下载 might want to identify where you500彩票手机软件下载 are going to be located.
        • Talk about any special equipment you500彩票手机软件下载 might need. This is particularly important for farmers because depending on what type of farming you500彩票手机软件下载 are going to do. Think about what type of equipment you500彩票手机软件下载 will need based on the type of farming. For example, if you500彩票手机软件下载 are going to have potatoes, you500彩票手机软件下载 need a special harvester.
        • Specify how much money you500彩票手机软件下载 want from them.
        • Establish what the key risks are and how you500彩票手机软件下载 are going to address them.
        • Talk about what you500彩票手机软件下载 think you500彩票手机软件下载r numbers are going to be, so how much you500彩票手机软件下载 are going to make.
    Finally, there is going to be a conclusion.
    • Here you500彩票手机软件下载 are going to highlight the key points of what you500彩票手机软件下载 talked about.  In most case, it is going to be about the numbers: how much you500彩票手机软件下载 want, how much will you500彩票手机软件下载 make, and when can you500彩票手机软件下载 pay it back.

    This gives you500彩票手机软件下载 a good idea how to write a business plan.  I am not an expert in business planning, so I did do some research for this particular post. I got some information from the BBC strangely enough.   I also found a way more in depth ‘how to create a business plan’ at the Small Business Administration in the United States. Also, FCC provides a business plan template to help farmers. This is one of the keys factors in the possibility in getting a loan from FCC.

    Having said that, here is what is consider business plan essentials.

    • Management background.
    • What are the business goals.
    • An assessment of the competition.
    • Research that backs up what you500彩票手机软件下载 said the forecasts will be.

    Conclusion

    Writing a business plan is hard work, but if you500彩票手机软件下载 want to start farming you500彩票手机软件下载 better be ready for hard work. I know it isn’t the same kind of work, but it is a necessary part of the process to get the money you500彩票手机软件下载 need to start you500彩票手机软件下载r farm business.
    What things are you500彩票手机软件下载 going to include in you500彩票手机软件下载r business plan?

     

    Comments

    1. Competition definitely applies to farmers. While there are often farm associations that connect many farmers with the same distributors and retailers, and promote best practices, you500彩票手机软件下载 still need to know what you500彩票手机软件下载r competitors are doing, so you500彩票手机软件下载 can do it better. Can you500彩票手机软件下载 cut costs by another 1%? If you500彩票手机软件下载r margins are lower than you500彩票手机软件下载r competitors, why? Is there something special about you500彩票手机软件下载r farming techniques that can give you500彩票手机软件下载 an edge with distributors. There is a lot to think about.

      • Thanks for the comment Jessica.

        Knowing what you500彩票手机软件下载r competition is doing is very important, and having a plan of attack can really make a difference.

        Sometimes it isn’t the techniques that will give you500彩票手机软件下载 the edge, but the tactic you500彩票手机软件下载 use to get ahead of other farmers.

    2. adeyanju ademola says:

      i am interested, in coming to start at canada, i have being engaging in farming here in Nigeria, i love to expand my talent,

    3. Vicki S. says:

      Your information for the United States is wrong; one does not have to go through you500彩票手机软件下载r local Business Administration. Try this website…. http://www.usda.gov . Here the Department of Agriculture is looking for new farmers, including female farmers who want to produce food products from their own land to help feed America.

      First an foremost, a person can purchase a 500彩票手机软件下载 with land with a mortgage using the same site. Especially to help lower income new farmers with lower interest loans. Size of family does help… family of 4 making under the national income average can get a better deal.

      After, purchasing the prospective farmland, then you500彩票手机软件下载 can go to you500彩票手机软件下载r county’s USDA office, where the associates will help you500彩票手机软件下载 with every step including the Business Plan.

      The difference between the two Countries, is USDA offers Grants.

      My sister and I are working towards having our own organic farm mainly we do not trust grocery stores, an GMO’s.

    Speak Your Mind