TIPS ON CREATING A BUSINESS PLAN

TIPS ON CREATING A BUSINESS PLAN

Tips on creating a Farming Business Plan A business plan is mainly about putting your plans for your business on paper. Don't let the term "Business Plan" make you nervous and lose focus probably because you think you can't do it or don't know how to do it.

The fact that you thought about having a business of your own means you already have a plan. It's all well planned in your head and all you have to do is put it in black and white. Let us help you channel into the right directions on where to start farmers.

First create a cover page with your Preferred business name on it, play with your imagination use a name that's unique,one that gives a firm statement about your business, add your slogan if you have or maybe even a logo for the time being,Make it look professional. Now let's look at your contents and let's break them down for you to understand a little better because honestly big words birth confusion,you've got this.

1. Executive summary- Summarise your business plan,make the person reading it understand your goals,mission and vision in fewer words. Explain your business in short.

 2. Company Description- Describe the nature of your company and its different elements. Elaborate more on the advantages of making your business a success.

3. Market Analysis- Very important, demonstrate your expertise and also how attractive the market is from the financial point. This is where you write about your target market and if you are looking for funding then this is key. You must be well informed about your target customers so that you price your products right.

4. Organization and Management- Tell us more about your business,how it will operate,participating members and their duties and expertise, operational times and your bussiness's organizational structures. This part is very important if if there's partnership in the business.

5. Service or product line- now here you teach us about your product/service and how it's going to benefit your potential or current customers. Sell your product/service on paper. Look at as an advertisement

6. Marketing and Sales- Your potential or current customers are your first priority now,meet their needs and requirements last but not least persuade them,convience them that your product is exactly what they need. Put it down on paper,you can do it.

7. Funding Requests- If you need funding then this is for you,if not then you can just skip it. Recap your business to your potential investors in funders, explain your financial situation of that time and your exact request as to how much you need and what will you be providing and how will the investor or funder benefit from the business.

8. Financial Projections- note down the future revenues and expenses of your business. Develop both shot and mid term financial projections. And please don't forget to format your format your document correctly. Go for it,turn your dreams into reality. Don't always wait for opportunities,sometimes you need to create opportunities for yourself .

Happy Farming