Business Planning Fact Sheet

Whether you are starting up a new business, looking to invest in or expand your existing business, want to consider your options as you approach retirement or are simply looking to improve your businesses performance, preparing a business plan can help.

A business plan covers where you are now, where you want to be, how you get there and helps you stay on track.  As well as the business management benefits of drawing up a business plan, it is often a requirement to have one when applying for finance from a lender or applying for a farm tenancy.

This fact sheet is designed to give New Entrants to agriculture information on business planning.  In order to encourage New Entrants to prepare a business plan, this fact sheet demonstrates how to go about doing this, challenging business performance and pushing you and your business forward.