Well that depends really on you. Some people can work well with just a list of their goals, others need more details. We would all love to have our farms support us, how you get to that end is really up to you and that is where a business plan comes into play.
To see if you really need a business plan try answering these questions:
- Are you independently wealthy?
- Do you already work from home with a comfortable income to support yourself and your family?
- Is your farm already providing a steady income that supports itself and you?
- Do you plan to sell anything produced on the farm?
If you answer yes to question one it is then a matter of your desire to augment your income or just continue to fund it. If you answer yes to question #2 then you already know how important a business plan can be. If you answer yes to question three, keep right on growing, you already have it down. Answer yes to number 4 I highly suggest going over to AgPlan and using their easy to fill out plan wizard.
What I have found over the last few years is that stating my goals has been awesome, but getting and finding support (not necessarily financially) for my endeavor is harder without a fully laid out plan of action. Basically that is what a business plan is, a complete plan of action that includes your goals. To have a self sufficient farm business you really can’t move forward without one.
The Squirrel Point Farm Executive summary will be made available to the public once our business plan has been completed, hopefully by the first of February 2013.
Light, Love and Peace!