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Business Plan Website - PowerPoint PPT Presentation


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Business Plan Website. Developing a Business Plan?. Why How. Why Develop a Business Plan?. Increased documentation being required by lenders Help producers take charge – provide more than they expect. Position Yourself to Succeed. Walk in with a business plan. Why Develop a Business Plan?.

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Business Plan Website


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    Presentation Transcript
    1. Business Plan Website

    2. Developing a Business Plan? • Why • How

    3. Why Develop a Business Plan? • Increased documentation being required by lenders • Help producers take charge – provide more than they expect

    4. Position Yourself to Succeed • Walk in with a business plan

    5. Why Develop a Business Plan? • Effectively communicate your business • Externally to lenders, investors, partners • Internally to family members & employees

    6. Why Develop a Business Plan? • Document financial viability of the business • Show that you have taken the time to think through the details required to make the business succeed

    7. Major Functions of Management • Production management • Marketing management • Personnel management • Financial management

    8. Sections of a Business Plan • Business description • Production management • Marketing management • Personnel management • Financial management

    9. Purpose for a Business Plan • Demonstrates that you have taken the time to think through the details required to make the business succeed

    10. Business Planning • A business plan is particularly important for: • New or expanding businesses • Creative, nontraditional alternative enterprises

    11. Business Planning • Lessons learned about business planning: • Can be very time consuming • Or expensive • Should be done by farm managers

    12. Business Planning • So how can we help you find an easier way to create a business plan?

    13. Business Plan Website

    14. AgPlan • Web-based business plan • Innovative features solve some of the business plan development challenges

    15. AgPlan • Designed for multiple rural business types • Traditional commodity agriculture • Value-added agriculture • Rural small business • Commercial fishing

    16. Select type of business • Each type of business has: • An outline of topics • Tips or questions • Sample business plans

    17. AgPlan • Will facilitate interaction between producer and educators or advisors • Producers will be able to give access to reviewers (educators/consultants) • Edit and comment • Comment only

    18. AgPlan www.agplan.umn.edu