1. Planning and Organizing the Agribusiness
Problem Area 1
Planning and Organizing the Agribusiness

2. Next Generation Science/Common Core Standards Addressed.
CCSS.ELA Literacy.RST.9‐10.8 Assess the extent to which the reasoning and evidence in a text support the author’s claim or a recommendation for solving a scientific or technical problem.
CCSS.ELA Literacy. RST.11‐12.9 Synthesize information from a range of sources (e.g., texts, experiments, simulations) into a coherent understanding of a process, phenomenon, or concept, resolving conflicting information when possible

3. Agriculture, Food and Natural Resource Standards Addressed!
CRP Evaluate and consider the near-term and long-term impacts of personal and professional decisions on employers and community before taking action.
CRP a. Classify professional decisions by their near- and long-term impact on employers and community (e.g., decisions involving: financials, business goals, processes, customer satisfaction, corporate image, etc.).

4. Bell Work / Objectives
Describe the reasons for establishing business goals.
Identify the three types of agribusiness goals.
Identify ways to accomplish goals.
Describe the major parts of a business plan.

5. Vocabulary Appendix Introduction Business plan Legal plan
Business regulations
Company description
Financial plan
Goal
Immediate goals
Introduction
Legal plan
Location analysis
Long-term goals
Management plan
Marketing plan

6. Interest Approach
Ask students to take out a piece of paper and define the word goal.
Next, have them write down a short-term goal, and a long-term goal.
Discuss the importance of setting goals.

7. Why should business goals be established?
A goal is an end one strives to attain.
Goals, and how to go about accomplishing them, can be found in a business’s mission statement

8. Mission Statement
A mission statement is a brief summary of the goals and objectives of a business

9. Purpose
Goals can be used to help set policy and provide decision-making guidelines

10. Policies
Consistency is important in setting policies in businesses of all sizes
Policies regarding
Hiring
Training
Retention
Promotion

11. Reviewing Goals
As with personal goals, business goals should be periodically reviewed.
Business goals may be affected by economic, political, and social changes within the business’s sector.
In order for goals to be effective objectives should be set to help meet these goals.

12. Objectives
Objectives should be stated in terms that are identifiable by periods of time.
At that time, the performance of the business should be compared to the stated objectives.
Based on the given performance, management has to determine if the goals have been met.
If not, decide what changes will need to be made to meet the goals.

13. What are the three types of agribusiness goals?
Immediate
Short-term
Long-term

14. Immediate Goals
Immediate goals are goals set to help get a business started.
Goals to accomplish in the immediate future, such as within the day, week, or month.

15. Short-Term Goals
Short-term goals are goals set to help a business work towards its long-term goal.
Goals to be accomplished within one to two years.

16. Long-Term Goals
Long-term goals are goals set to determine a business’s performance after a number of years.
Long-term goals take a number of years to accomplish.

17. How can goals be accomplished?
Reaching Goals
Prioritize goals
Review goals
Time Management

18. Prioritize Goals
In order for a business to accomplish its goals, the goals must first be prioritized.
Time and money should be considered.

19. Review Goals
Goals should be reviewed on a timely basis depending on the goal.
Monthly
Quarterly
Annually

20. Time Management Use time and effort wisely Wasted time is wasted money
Suggestion – “To Do List”

21. What are the major parts of a business plan?
A business plan is the written description of all aspects of an agribusiness.
It is essential in starting a successful business.
It is unique for each business.

22. Components of a Business Plan
Introduction
Business description
Products or services offered
Management plan
Marketing plan
Legal plan
Location analysis
Business regulations
Capital required
Financial plan
Financing arrangements
Competition
Operating plan
An appendix

23. Introduction
The introduction of a business plan is an overview of the agribusiness
The introduction should describe the agribusiness and list the goals and objectives of the agribusiness

24. Company Description
A company description describes the company as it currently exists
The history of the company
The type of services or products the company offers

25. Management Plan
Identifies those people that will manage the proposed agribusiness.
Should also include an organizational chart of employees and job descriptions for each.

26. Marketing Plan Describes the type of competition a business will face.
Types of customers the business hopes to attract.
Identifies competition.

27. Legal Plan Identifies the legal organization of the agribusiness
These organizations include: sole proprietorship, partnership, corporation, cooperative, or franchise

28. Financial Plan
A financial plan projects the income, expenses, and profits of a business over a multi-year period

29. Operating Plan
Describes how an agribusiness will run on a daily basis.
Facilities, personnel, materials, and processing requirements should be included within the operating plan.

30. Location Analysis The study of an area including possible Consumers
Traffic patterns
Accessibility
Visibility

31. Business Regulations
Business regulations are local, state, and federal restrictions and insurance requirements.
They should also be included in the business plan.

32. Required Capitol
The capitol required to begin an agribusiness should be well detailed within the business plan.

33. Financial Arrangements
Financial arrangements such as loans, personal investments, and venture capital should also be detailed
Venture capital is the money invested in an agribusiness by an investor

34. Appendix
The appendix should include all marketing research and a reference of the materials used in compiling the business plan.

35. Review/Summary Reasons for establishing business goals.
Three types of agribusiness goals.
Identify ways to accomplish goals.
Describe the major parts of a business plan.

36. The End!