AgPlan – Functions of Business Management

AgPlan. Robert Craven, Dale Nordquist, Kevin Klair, Curtis Mahnken, Jeff Reisdorfer, and Laurie Dickinson (2010) Additional contributors: Rachel Purdy, Katie Wilts Johnson <https://farmanswers.org/Library/Record/agplan>

• Business planning:
  • Is very time consuming
  • Is best done by the owner/management
  • Can be very expensive
• Your business plan should be a living document
  • Revisited and revised at least annually
• Planning for the Future:
  • Use it!
  • Update it frequently
• What should I put into my plan?
  • Major Functions of Management
    • Production
    • Marketing
    • Personnel
    • Financial
• Sections of a Business Plan
  • Executive Summary
  • Business description
  • Operations plan
  • Marketing plan
  • Personnel plan
  • Financial plan

A business plan shows other people (lenders, investors, employees, family, etc.) that you have looked at each and every aspect of your business.