1. SUSTAINABLE BUSINESS PLANNING WORKSHOP

2. BUSINESS PLANNING The goal:
To help you improve the management of your business through business planning.

3. BUSINESS PLANNING A business plan is particularly important for:
New or expanding businesses
Creative, nontraditional alternative enterprises

4. BUSINESS PLANNING We have learned that business planning:
Can be very time consuming
Alternatively it can be expensive
Or it can be both.

5. 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.

6. BUSINESS PLANNING We have also learned that business planning:
Should be done by farm managers
It should not be done for them.

7. 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

8. 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

9. BUSINESS PLANNING Helps Producers Develop a: Strategic Plan
Operations Plan
Marketing Plan
Personnel Plan
Financial Plan

10. 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

12. Building a Sustainable Business Guide
Includes:
A comprehensive discussion of the components of a business plan
Worksheets to help think through your plan

13. 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

14. 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.