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Business Plan For Farming

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How to Write Business Plan
As its name implies, a Business Plan is a summary of how the owner of the business, a manager or an entrepreneur wishes to organize his business as well as lay down the procedures and processes needed in implementing the plans to a logical and fruitful conclusion. It sets down in writing a guide of the company's business purpose.



A good Business Plan has two main objectives: The first is to use it for internal management and planning while the second objective is to help convince outsiders into investing in their company based on the information contained in the Business Plan.

Though it is widely perceived in commercial circles that these Business Plans very soon become outdated, nevertheless the Business Plan is a tool for planning your business success, which in turn helps managers to better comprehend the business objectives and then choose wisely from among a set of competing options.

Business Plans are dependent on the area of expertise within the organization that one wants to focus one's attention upon. There are Business Plans for Marketing, Finance, Production and Human Resources. Each delves deeply into the technicalities involved and arrives at a suitable Business Plan relevant to that particular field.

Though the Business Plan has many different forms, there are, however, certain formats that do address their particular needs. They contain information regarding the following topics:

?Executive summary

?Company Background

?Marketing

?Production and manufacturing

?Finance

?Human Resources

As mentioned earlier, this document is aimed at serving two purposes. It acts as a guide from inception until fruition. It functions as a blueprint that will smoothly keep you running on the right track at all times. Having expended enough time and energy into planning for the future, the chances of avoiding hazards and experiencing frustrating times are greatly reduced. It also serves as a useful guideline to potential investors, who glean their knowledge about the company from the business plan before deciding on investment options. The subject matter must be concise as well as hold all necessary information required in this context.

Creating a good business plan is not an easy task. It requires thorough knowledge and patience and a lot of endeavor. It can run into scores of pages. It need to be structured carefully and in fact, should be broken down into sections. Support it with supportive documents that spell out any additional information.

You would most certainly start with a cover sheet, which is the title page of your plan. It will contain the Name of the company, Company address, Company phone number (with area code), Logo (if applicable), names, titles, addresses, phone numbers (with area code) of owners, month and year in which the plan is issued, Name of preparer. Next is the mission statement, information about the business, products and services, location, management, personnel and method of record keeping, insurance and security.

In addition, the Business Plan will state the marketing plan of the company in full detail. Another aspect covered is financial statements that spell out past, present and future finances. The entire document should be professional in format and appearance. Making a favorable first impression will set the company on the right path from the very outset.
Business Plan For Farming
I cringe every time I see one of these ads. Vultures are preying on honest business people who want to fund their businesses. Here are some ways to spot them:

1. "Only qualified investors see your business plan." Yeah, sure. And who "qualifies" them? Have a friend try to sign up as an investor (that part is usually free). How is she "qualified"? Is there a background check? Does she submit a financial statement? Odds are that she will be asked to do nothing more than sign a statement that she has a certain net worth. That's no "qualification" in my book. So who are these "investors"? Who knows. One could be your strongest competitor.

2. "You approve anyone who sees your business plan." Okay. So what are you going to do to qualify the potential investor? Are you going to run a background check? ask for ID? ask for tax returns? or just be so happy that anyone wants to see your business plan that you jump on the idea? (That's how these scams get away with charging thousands of dollars -- too many entrepreneurs are desperate for funding.)

3. "It's only $500 (or $300 or $100) to register." What does it matter if it's free? If it is diverting your time and energy and resources away from finding a viable investor, it's not worth it.

4. "Your idea is great, but we need to put it into our format. This will only cost $800." Don't walk -- run from these guys.

5. "Your idea is so great that we want to invest $2,000 in it." (That's after you spend $5,000 to put it into "their" system.) Do I really need to comment on this?

6. "Talk with a satisfied customer, or 2 or 3." Here's this entrepreneur who just got $2 million in funding, and he has nothing better to do than sell the web scam to you? Trust me, entrepreneurs who just get funded barely have time to eat, let alone talk.

7. "Look at all these written testimonials." This is harder to disprove because the testimonials look so real -- even the companies might be real. But unless the testimonials, and the companies, can be verified independently, I wouldn't trust them. And I'll lay odds that they cannot be verified independently.

There is one huge exception to this: ACE-Net (http://activecapital.org). This is more properly the Access to Capital Electronic Network run by venture capitalists, institutional investors and individual accredited investors. It was developed by the U.S. Small Business Administration's Office of Advocacy to encourage the creation of a national marketplace for investors to find and invest in equity offers by small companies.

ACE-Net isn't for all companies. Those seeking under $1 million will probably find the paperwork daunting. Those seeking over $5 million won't qualify. There are special qualifications, and of course lots of forms to fill out -- but nothing like the forms required for a formal initial public offering.

But for those who do qualify, it's an amazing tool in raising financing. Spend some time with the website and the forms, and see if your local SBA office can put you in touch with another company that went through the process.

As with any investor tool, don't rely exclusively on ACE-Net. Use it in conjunction with your personally developed targeted funding search. This, combined with an exceptional business plan, doesn't guarantee success but it places your company head and shoulders above all the rest.
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About Author
Both Wade Anderson & Parveen Kumar are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Wade Anderson has sinced written about articles on various topics from Legal Matters, Accounting Guide and Business Plan. Wade Anderson is a CPA and operates DigitalWorkTools.com Legal Forms and Business Documents. Click to view a. Wade Anderson's top article generates over 165000 views. Bookmark Wade Anderson to your Favourites.

Parveen Kumar has sinced written about articles on various topics from Business Plan, Home Based Business and Raising Capital. For More Free Resources visit http://www.oversightsystem.com. Parveen Kumar's top article generates over 14800 views. Bookmark Parveen Kumar to your Favourites.
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