TAILIEUCHUNG - Department of Agriculture and the Nova Scotia Farm Loan Board: Preparing an Agri-Business Plan

Moving to Rome, Italy, was a dream come true for me. My family roots are based in the north of Italy, but being anywhere in this beautiful country was an exciting prospect. My husband is a Foreign Service Officer and works at the embassy in Rome, where I first met the Global Employment Advisor, Loretta Dusini. I was excited to know that there was going to be someone who could help me find meaningful work, as I had lived abroad before (Moscow, Buenos Aires, and Prague) and being gainfully employed was not possible at that time since there. | Department of Agriculture and the Nova Scotia Farm Loan Board Preparing an Agri-Business Plan NOVA CÒTIA Agriculture NOVA SCOTIA 1V loaN á Ị j BOARD building stronger futures TABLE OF CONTENTS THE BUSINESS OVERVIEW 1 MARKETING PLAN 9 HUMAN RESOURCES PLAN 15 PRODUCTION PLAN 20 FINANCIAL PLAN 23 GLOSSARY OF BUSINESS FINANCE TERMS 31 Preparing an Agri-Business Plan Planning for Profit The Business Overview Introduction Why do you need a business plan A business plan allows you to create a business operation on paper and manipulate and evaluate scenarios without the risk of investing a lot of time and money. Dry run planning reduces the possibility of the venture failing by identifying your proposals strengths and weaknesses and developing a plan of action to cope with them. Financial institutions business partners and investors will all require that you have a proper business plan to prove your ideas are viable and that you have adequate knowledge of your chosen area of business. Whether you are starting a new business buying an existing one or expanding your present operation a business plan will help you prepare for the unexpected and help set the goals for your future business success. There is no replacement for a well thought out business plan. Be realistic in your projections honest in your evaluations and thorough in your research. Why do you want to operate an agri-business An overwhelming fondness for plants animals and nature is not a sufficient reason to want to own and operate an agri-business. In business your primary goal is to make your company a profit so it will be able to survive and prosper. Department of Agriculture Nova Scotia Farm Loan Board Page

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