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New Business Development

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Providing direction for agricultural firms

A SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) is a process that can help you, and your team, get insights into the past and think of possible solutions to existing or potential problems for your business.

If you are only engaged in one enterprise (growing corn for example) and have a crop failure, it will be more devastating than if you grew more crops. By diversifying, you are spreading the downside risk over more than one enterprise.

Example business plan for imaginary business, A&B Nursery.

External Links

The mission of the network of Pennsylvania Small Business Development Centers (SBDC) is to grow the economy of Pennsylvania by providing entrepreneurs with the education, information and tools necessary to build successful businesses.

Added Value

Regulations + Labeling = Food Safety

and Potential Entrepreneurs. Penn State Food Safety information

Business Planning - A Roadmap for Success

A business plan is a document outlining the key functional areas of a business including operations, management, finance, and marketing. Simply put, a business plan is a roadmap for a business. The traditional business plan is a paper document, although the emergence of electronic media has made paper an option. The depth of detail that a business plan contains will vary depending on the scope of the business and the purpose for which the plan is being prepared. A nontraditional business trying to obtain venture capital will have a much more detailed plan than a more conventional business trying to obtain a small bank loan.

How Do I Decide What is Right for Me?

This article asks two questions that are not easily answered: 1.) How do I decide? 2.) What is right for me? The first question is the easier one to address because it asks for a process as to how one can come to a decision. The latter one however is a little more difficult to answer because it involves a value judgment.

Starting a Business

This outline briefly describes each section of the business plan and lists several questions to answer under each section.

Microsoft Excel, 19.0 kB

Excel spreadsheet to help layout different types of costs

A course designed to assist potential agricultural business entrepreneurs decide if their idea may be developed into a profitable business.