A. Planning for operations
B. Development of the marketing plan
C. Research and Development
D. Execution of the business plan
E. Monitoring
F. Development of a business plan
G. Establishing your financial plan



________ 1. This includes setting the objectives that you want to attain.
________ 2. This is an outline of the day-to-day operations of your farm. What gets
done, how it is done when it is done, who does it (production cycle).
________ 3. This answers the question: What do you do to your products once these
become available
________ 4. This includes budget allotment vs. expenses, debt, labor, and
miscellaneous expenses of the farm.
________ 5. At this point, you as a farm operator are able to translate all your actions
to income generation and experience gain.
________ 6. It is important to keep records to assess whether your farm business yields
income or not.
________ 7. It is best to keep learning and take in new ideas and practices that can
help improve your daily operations. The internet is a good source of free information.