BUSINESS PLAN TEMPLATE
Provided By
OWNERS:
Business Name:
Address:
City, State, Zip Code:
Telephone:
Email:
Company Website:
Business Overview
WHAT: What is the objective of your business? What products/services will your business oer?
HOW: Describe your business operations. What makes your business unique? (Ex: size of operation, location of operation,
expansion plans, etc.)
WHO: Who is your target audience? Who will benefit from your products or services?
WHY: Describe the desire and drive behind why you want to pursue this business. What is the mission statement of your
business?
2
IF APPLYING FOR A LOAN: Clearly state how much money you want, precisely how you plan to use it, and how it will make
your business more profitable, thereby ensuring repayment.
Business Management and Organization
BUSINESS HISTORY: How long have you been in operation? Were there any previous owners?
ORGANIZATION: How is the business organized? (Corporation, partnership, sole proprietorship, etc.) Who is involved? Please
list their roles and responsibilities and/or titles.
STRENGTHS & WEAKNESSES: Describe the strengths and weaknesses of your business.
3
IMPLEMENTATION TIMELINE: What is your plan of action? What specific tasks need to be completed in order to reach
business goals?
GOALS: Please list your operation’s short and long term goals. (short-term are 1-3 years, long-term are 3-10 years)
RISK MANAGEMENT: What risk management practices do you have in place? (Insurance, contingency plan, product or market
diversification, etc.)
Marketing
INDUSTRY OUTLOOK: What is your target market? What are the current industry trends?
4
MARKET SHARE: How will you remain competitive? Who are your biggest competitors? Are there any anticipated obstacles?
INCOME: How is your product sold and priced? What is your projected/estimated income?
MARKETING: What promotional marketing/communication tools will your business use?
5
Financials
These are basic templates. Feel free to use more detailed documents if desired.
Balance Sheet
Assets
Current Assets: (Others include: Prepaid Expenses & Investment in Growing Crops; Market Livestock; Other Liquid Assets)
Cash
$
Accounts Receivable
$
Feed, Seed & Supplies
$
Crops for Resale
$
Other
$
Total Current Assets $
Noncurrent Assets: (Others include: Retirement Accounts; Other Term Assets)
Real Estate
$
Equipment
$
Vehicles
$
Breeding Livestock
$
Cooperative Investments (Farm Credit Stock)
$
Other
$
Total Noncurrent Assets $
Total Assets (Current Assets + Noncurrent Assets) $
Liabilities
Current Liabilities: (Others include: Loans with Terms less than 1 year; Current portion of Term Liability Principle due within next 12 months)
Accounts Receivable
$
Accrued Expenses
$
Operating Loans
$
Other
$
Total Current Liabilities $
Noncurrent Liabilities: (Balances should be less than the Principle due in the next 12 months that will be shown as Current Liability)
Loans (terms greater than 1 year)
$
Capital Leases
$
Total Noncurrent Liabilities $
Total Liabilities: (Current Liabilities + Noncurrent Liabilities) $
Owner’s Equity or Net Worth: (Total Assets - Total Liabilities) $
Total Liabilities and Owner’s Equity (must equal Total Assets) $
6
Income & Expenses
Farm Revenue
Crops
$
Livestock
$
Cull Breeding
$
Government Payments
$
Custom Work
$
Other Farm Income
$
Total Revenue
$
Farm Expenses
Car and Truck
$
Chemicals
$
Conservation
$
Custom Hire
$
Depreciation
$
Feed
$
Fertilizer
$
Freight and Trucking
$
Gas, fuel, oil
$
Insurance
$
Interest
$
Labor
$
Rent
$
Repairs, maintenance
$
Seed
$
Supplies
$
Taxe s
$
Utilities
$
Vet, breeding, medicine
$
Other Farm Expenses
$
Total Expenses
$
Net Farm Income (Total Revenue - Total Expenses)
$
7
Business Advisors
Optional: This can be included as supplemental information.
Type: Name: Organization/Business Name: Contact Information (Phone/Email): Notes:
Attorney
Accountant
Lender/Banker
Insurance Agent
Consultants
Other
HorizonFC.com | 888.339.3334
8
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