Friday, December 12, 2014

How To Make A Small Agricultural Business Plan

By Lucia Weeks


Many businesses succeeded because of careful planning but there are also a lot who fell down because of the failure to do so. Just like any special event, preparing is a requirement. It will not entirely remove the risks. But at least you can say that you did your best to ensure that things will go as planned.

Among the most challenging ventures at present are those that involve agriculture. They require land assessment and location that may not be easily accessible to those proponents who are living in the city. But despite its difficulty, there are still brave souls who take the challenge because of its great potential. Those who have succeeded in putting up their businesses have also created a detailed small agricultural business plan prior to operation.

It is understandable to worry about creating a plan. It is not easy. In fact you may need the help of several people from different industries to work with you. Also, it takes time. But like any other good seeds, this will grow. And once it does, you will reap the full benefits that you deserve after spending time and effort nurturing it. To help you start making one, take a look at the things you need to include.

Mission statement. Even before one decides to go on a business, he already has a vision of what it would be like. When creating your blueprint, it is important that you put into writing what is it that your company is for. Agriculture is a wide venture, so be sure you have an identity that you want to nurture as years go by. An effective mission statement is one that reflects that values that the business wants its employers to develop among themselves.

Realistic goals. By realistic, we mean they are achievable. It is okay to dream big. But it should be achievable given the resources and time frame that you have. Set goals and justify them. You can provide both the specifics of your short term ones and an overview of the long term goals.

Basic information. In this part, you provide the basic facts about your business. This could include the area where you are currently operating, the measurement of the agricultural land, its tillage, and all other things clients and prospect investors will like to know. Be detailed and specific on this one.

Core strategy. Based on the goals that you have set, you should be able to provide a strategy or a clear method on how you would achieve it. In here, you will describe and detail the processes that your business plans to take. In order to do this, you will have to study your market, identify the strengths, weaknesses, threat and opportunities you have and provide back up plans should the original one fails.

Analysis on your finances. Much as how specific you are in creating your strategy, you will also need to be very clear on this. Your current financial operating expense needs to be presented well. If you need financial support to further your plans, be sure to create a clear forecast as well.

The best way for you to stay focus and not stray away from your goal is to have a plan. You may have many challenges that will distract you from doing what is needed. But if you have plans, you can always get back on track.




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