Title: Develop a business plan.
Course: Agricultural Business Operations II (18201-36) > Section: Planning the Agribusiness Enterprise

Developing a business plan should include

- determining the type of ownership structure that will be used
  - sole proprietorships
  - cooperatives
  - partnerships
  - corporations
- establishing specific, measurable, achievable, relevant, time bound (SMART) goals and objectives
- conducting needs assessments
- making cash flow projections
- conducting opportunity analyses
- completing risk assessments.

Process/Skill Questions:

- Why should one complete a risk assessment as part of developing a business plan?
- Why are SMART goals and objectives an essential planning tool for developing a business plan?
- What is a needs assessment?