Re: Yearly business plan - realistic or not? What else should I account for?
Best advice that I ever got was from a successful bizz man that wrote;
keep track of all your expenses ALL your expenses. put 6 months worth of operating expenses away & don't touch them.
Farming (is what you are) has many heartwrenching pitfalls. It also is very rewarding to the diligent.
"In the multitude of counselors safety dwells" (& confusion)
Takes a long time to get a grip on good bizz practises, don't get careless. hiring has a whole host of concerns. wait till you get stiffed & stuck between a rock & a hard place. Do as much as is possible with you alone.
Ryan, I respectfully couldn't disagree more (about borrowing). borrower is a slave to the lender. Speaking from experience. nothing worse than having less production than the amount you owe, w/ unexpected costs. Grow @ a rate that is built on experience. one bad season & you are not enjoying your craft. re-invest a pre determined percentage.
Lots of good advice here, chew slowly.
Last edited by lakebilly; 09-20-2012 at 02:44 PM.
Rmns 1:16/Prv.3:5,6/ Beegan BK May 09/ Zone 5b
I have NOT failed. I have only found many many ways that do not work!