Preparing a Business Plan - Bee Keeper Example - Agricultural ...

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GLOSSARY Prepaid Expense: OF BUSINESS TERMS An amount paid out which is expected to yield a benefit beyond the current accounting period. The amount is carried on the balance sheet as an asset and charged to expenses as the benefit is realized. Projected Cash Flow Statement: A statement used as a planning tool to show expected future sources of cash from operations, asset sales, owner contributions and loan proceeds less cash utilized for business expenses, capital purchases, owner withdrawals, and loan payments. Revenue: Money earned by the business as a result of business activities. Share Capital: The ownership interest in an incorporated company that is represnted by the shares of that corporation. Term Liabilities: Obligations to outsiders that will become due and payable at a time beyond the current fiscal period. Transactions: Business events engaged in by a business entity. Variable Costs: Costs that vary directly with the volume of production or activity. If no production or activity takes place, variable costs are zero. 59
Preparing a Business Plan Comment Form Please send us your comments and help us serve you better. We would like to know what you think of this publication . . . what’s good and what could be improved, and how. Please take a few minutes to give us your opinions and ideas. Please return the completed evaluation form to: Extension Systems Branch, B.C. Ministry of Agriculture, Fisheries and Food 808 Douglas Street, Victoria, British Columbia, VSW 227 1 . You are (please check appropriate box) 2 Question . Overall, how do you rate this material? (please rate on the scale of 1 to 5, I being poor and 5 being excellent) 3 . How did you find out about this publication? 4. . Is the information relevant to your needs? 58. Is the writing style 6L Is the amount of detail r I1. What are your main sources of information on business management? ri$. Preparation costs are high. If future editions were priced, indicate the amount you would be willing to pay? l3. What are the strong points of this publication? 10. What are the weak points that we should try to correct? 11. Other Comments? 60 Response Cl Beekeeper Cl Industry 0 Government 0 Other Poor Excellent 1 2 3 4 5 Not Very 1 2 3 4 5 Simple/Easy Difficult/Technical 1 2 3 4 5 Not Enough Too much 1 2 3 4 5 0 BCMAFF staff 0 Industry Cl Research Station Cl Other Farmers 0 Trade Journals/Periodicals 0 Other 0 $2 0 $5 0 $10 plus
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6EE K E E P E R EXAMPLE Preparing a
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AC We would like to thank the follo
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Managing an agricultural business i
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Planning is a vital part of your su
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The Right look Your business plan w
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Title Page 6 The Title Page helps y
Page 13 and 14: Contents 8 The Table of Contents ou
Page 15 and 16: Business Profile and Summary 10 The
Page 17 and 18: g Organization 12 Under Business Or
Page 19 and 20: 14 Your Goals will tell the reader
Page 21 and 22: 16 To prepare the Marketing Plan, y
Page 23 and 24: Marketing Plan 18 Product The main
Page 25 and 26: 20 The Production Plan is concerned
Page 27 and 28: 22 Production History The productio
Page 29 and 30: Management & Labour Plan 24 The Man
Page 31 and 32: 1 Management& 1 Labour Plan . 26 Jo
Page 33 and 34: 28 The Financial Plan is the acid t
Page 35 and 36: 30 Projected Income Statement The P
Page 37 and 38: 32 Cash Flow Forecast The Cash Flow
Page 39 and 40: 34 Projected Statement of Assets, L
Page 41 and 42: 36 The business plan gives you a st
Page 43 and 44: 38 Do you want to supply more detai
Page 45 and 46: 40 BUSINESS PLAN 19 - 19 to Operate
Page 47 and 48: Marketing Plan Production Plan Mana
Page 49 and 50: Mission I Goal Strategy I Tactics T
Page 51 and 52: 46 Product Projected Prices Place P
Page 53 and 54: 48 Production History Production Sc
Page 55 and 56: Job Allocations Name Functions Trai
Page 57 and 58: Income Total Income Expenses Total
Page 59 and 60: Total Assets Total Liabilities Open
Page 61 and 62: GLOSSARY OF BUSINESS TERMS 56 Accru
Page 63: GLOSSARY OF BUSINESS 58 Expense: A
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