Small Farm Business Planning Templates And Instrucitons Page 9
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50E. Critical Element of a Business Plan for a Mature Business
1. Exit strategy
a. Exit strategy defined: An exit strategy is a formal plan for transitioning out of the
business. It might include selling the business, placing a conservation easement on the
land, or converting fields to orchards. It is particularly difficult for farmers to transition
out of farming and generate retirement income without selling the house and land, and
moving off the farm.
b. You start over again, identifying personal goals and values
2. Strategy for beginning farmers – Find someone currently working on an exit plan and
see about synchronizing your plans to start a farm with their plans to exit (see California
FarmLink in Resources section for more information)
Note to Instructor: Time allowing, use PowerPoint to take a quick look at the sample cash
flow spreadsheets (Appendix 4) and the sample business plan (Appendix 2), or begin
individual work on part one of the business plan template (Appendix 3) contained in this
curriculum or in “Building a Sustainable Business: A Guide to Developing a Business Plan for
Farms and Rural Businesses” .
Unit 2.0 | 9
Lecture 1 Outline
Small Farm Business Planning
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