Small Farm Business Planning Templates And Instrucitons Page 41
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50PART 3: TIME MANAGEMENT
A. Establish time management / project management procedures
1. Objectives of time management –
· Ensure professional and timely delivery of services
· Maximize opportunities to build on good relationship
· Minimize errors and misunderstandings
· Reduce the stress of a hectic work schedule
2. Time management tools and techniques: Need to consider options: Software, palm pilot,
calendars ,etc. Define what will work for you, the business?
3. To do –
· A time needs and availability analysis for the first two years of operations. Make sure that all
of your assumptions match the cash flow worksheet and the farm plan.
· Discuss options by___________ (date)
· Begin implementing time management plan by _____________(date)
4. Time management considerations –
· 52 weeks x 50 hours a week equals 2,600 hours
· 3 weeks of vacation and sick equals 150 hours
· There are 2,450 work hours in the year
· 1 day week marketing equals 490 hours
· 1/2 day a week administration equals 245 hours.
· 1/2 day a week research/education equals 245 hours
· There are 1,470 farming hours left in a year
· The workload in agriculture is not spread out evenly throughout the year
PART 4: FARM/CROP PLAN
PART 5: FINANCIAL MANAGEMENT
1. Define budgeting procedures. Discuss by ____/____/____(date)
2. Define cash flow management procedures. Discuss by____/____/____(date)
3. Define bookkeeping procedures. Discuss by ____/____/____ (date)
4. Complete capital needs analysis by ____/____/____ (date). You may use Appendix 4:
Sample Cash Flow Spreadsheet, Section VII, for a list of possible equipment needs. Refer
to both the equipment list in the spreadsheet and your specific farm plan for equipment
needs.
4. Complete cash flow budget by ____/____/____ (date)
5. Include the following:
a. Marketing plan: short-term, mid-term, and long-term needs
b. Budget for necessary technology and training
6. Update business plan, budgets, and cash flow projections often. (target month)
Insert Cash Flow worksheets here
Unit 2.0 | 41
Appendix 3
Small Farm Business Planning
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