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Into.ppt Into.ppt Presentation Transcript

  • SUSTAINABLE BUSINESS PLANNING WORKSHOP
  • BUSINESS PLANNING
    • The goal:
      • To help you improve the management of your business through business planning.
  • BUSINESS PLANNING
    • A business plan is particularly important for:
      • New or expanding businesses
      • Creative, nontraditional alternative enterprises
  • BUSINESS PLANNING
    • We have learned that business planning:
      • Can be very time consuming
      • Alternatively it can be expensive
      • Or it can be both.
  • BUSINESS PLANNING
    • The value of a Business Plan should outweigh the time and cost required to develop.
      • Should facilitate change in a farm business
      • Should improve management of the business.
  • BUSINESS PLANNING
    • We have also learned that business planning:
      • Should be done by farm managers
      • It should not be done for them.
  • BUSINESS PLANNING
    • Business Plans
      • Frequently used to communicate the business externally – to lenders, investors, partners
      • Demonstrate the business has a plan and is well managed
  • BUSINESS PLANNING
    • Business Plans
      • Should be used by farm manager to improve the management of the business
      • Helps a manager think through:
        • Where the business is at
        • Where they want it to go
  • BUSINESS PLANNING
    • Helps Producers Develop a:
      • Strategic Plan
      • Operations Plan
      • Marketing Plan
      • Personnel Plan
      • Financial Plan
  • BUSINESS PLANNING TOOLS
    • Building a Sustainable Business guide and the FINPACK Business Plan:
      • Include the five planning components
      • Have considerable content to help with each planning component
  •  
  • Building a Sustainable Business Guide
    • Includes:
      • A comprehensive discussion of the components of a business plan
      • Worksheets to help think through your plan
    • Includes:
      • A standard format to help develop and store your business plan.
      • Tips or questions to help you think through your plan.
      • Sample business plans
  • BUSINESS PLANNING
    • Even with good tools the challenges of time, motivation, and expense remain.
    • To help address these challenges we are privileged to be able to hear Dave & Florence Minar discuss their business planning experiences in the following video.