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At each stage, take time to ensure you have included every possibility.
There is also information on business and financial planning tools available to you, as well as information on the standards and schemes that you must comply with.
A good business plan gives credibility to your farm, and to your skills as a farm owner or manager.
Before writing a business plan, it is advisable to thoroughly research the sectors that you are currently working in - or plan to work in - including any future economic prospects for these sectors.
You should also familiarise yourself with the relevant regulations for your business.
Download ’s guide to ‘Figures for a Farming Future – Part I: Using the farm accounts to point the way’ (PDF, 276K).
Once you have assessed your farming business and its success, you may consider making changes to the way your farm operates.
If you run a farm, there is a wide range of advice available to you, including how to write a business plan, run your accounts, benchmark your business and plan your future activity.
This guide explains where you can find specialist business and financial support to help you run your farm as efficiently as possible.
In order to be viable, your farm needs to generate enough income to cover: ’s booklet shows you how to use your profit-and-loss account and balance sheets to assess the viability of your business.
It guides you through the principles of basic accounting, explaining terms and giving examples of how to enter figures into your accounts.