An experienced entrepreneur can often sketch out a business plan on a napkin over dinner. This will include upfront costs, ongoing costs, and regular sources of revenue.
The idea is to get a ballpark understanding of costs, revenues, and profit margin.
When done properly, a financial plan can identify the potential barriers for the project, and help you decide if you have a green light to go forward. The most successful entrepreneurs will repeat this process over and over until they understand their financial plan inside and out.
Experienced farmers will have an advantage here. They will be able to draw on past experiences to create an accurate financial plan for their farm.
If you are just starting out, you may not have enough experience to accurately forecast costs and estimate the farm’s profitability. That’s why we are sharing the financial planning information that we have used in dozens of farm plans.
This product will come as a detailed Excel worksheet, with projections for total upfront costs, annual ongoing costs, and estimated revenue.
This worksheet also includes Pro Forma financial documents including the Balance Sheet, Income Statement, Cash Flow Statement as well as commonly used financial ratios and calculations such as the current ratio, debt-to-asset ratio, and ROI.
This product is designed for customers who are serious about starting an Upstart Farm and is non-refundable.
THIS PRODUCT REQUIRES MICROSOFT OFFICE SUITE OR OTHER PROGRAM CAPABLE OF EDITING EXCEL SPREADSHEETS
Buy the financial plan today to get your business plan turbocharged and ready to implement as soon as possible!