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Managing for Today and Tomorrow

Managing for Today and Tomorrow. Business Planning Part Three Vision, Mission, Goals, Objectives. Objectives. begin to develop business goals & integrate those with personal goals learn the components of a business plan

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Managing for Today and Tomorrow

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  1. Managing for Today and Tomorrow Business Planning Part Three Vision, Mission, Goals, Objectives

  2. Objectives • begin to develop business goals & integrate those with personal goals • learn the components of a business plan • learn how business plans can be used for farm business development and/or transition.

  3. Vision Mission Goals Objectives Objectives Objectives

  4. Goals Support Mission & Vision • Mission—a guiding force for the present • Vision—Where you want to end up. • Mission Statements define priorities and purpose • Vision statements is the long sighted purpose of your existence.

  5. Goals • Components of Goals SMART • Specific (written) • Measurable—providing a means of evaluation • Achievable or Actionable • Reasonable or Rewarding • Time

  6. Objectives Small steps to reaching goals. Sometimes referred to as action steps or daily action plan.

  7. Important vs UrgentEffectiveness vs Efficiencies Take care to do important things in a timely manner (effectiveness.) Handling important items in a timely manner improves your efficiencies and lessens time spent dealing with urgent situations.

  8. Simple to Complex Plan to Succeed • Objective • SMART Goal • Action Plan Ag Plan • Cover Page • Executive Summary • Business Description • Operations • Marketing Plan • Management & Organization • Financial Plan

  9. Business Goal in the Rearview Window Use Plan to Succeed • Think of a major accomplishment for your operation. • Put it into a SMART goal. • What action steps were required? • What overall objective did accomplishment of that goal help you to meet?

  10. Business Goal through the Windshield Use Plan to Succeed • Choose one farm transition objective for your operation. • Write a SMART goal to help you accomplish that objective. • Write three action steps necessary for accomplishment of the SMART goal.

  11. Written Communications • Why develop a business plan? • With whom would you share the plan or components of the plan? • What happens when plans aren’t in writing? • What are the excuses for a business plan to never make it into a written form?

  12. AgPlan AgPlan is the agriculture, fisheries and small business planning website that helps rural business owners develop a business plan for free. It has customizable templates for Commodity Agriculture, Value-Added Agriculture, Small Business, and Commercial Fishing. Website: https://www.agplan.umn.edu Getting Started with AgPlan https://www.agplan.umn.edu/PublicPages/GettingStarted.aspx#

  13. Homework • Develop three SMART goals related to your farm transition.

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