A business plan is essential to get you on the ground before you start a farming business, no matter how you prepare for it. In today’s world, animal husbandry is more complex and more changeable than it was 100 years ago. This has been due to market changes, high costs, low profit margins, different ways of raising cattle, and specialized markets.
The type of business plan you write is up to you, but the following step-by-step process for creating a proper business plan will help you in the long run. Continue reading
Business financial sustainability is like that 2000s meme girl—hard to find and easy to lose. Especially if you don’t know what indicators to monitor and what to work on in these “difficult relationships”.
Someone believes that if he just covers his expenses and does not allow cash gaps, then he is quite firmly on his feet. But not everything is so simple. For a company to be considered financially sound, it must be able to easily adapt to a changing market and grow in profits and capital even during times of turmoil. Our five-step guide will help you achieve this state. Continue reading