University of Maryland Extension

Business Planning

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Farm Business Planning Workbook
This workbook was designed so that the thoughts and objectives for your business can be organized and thoroughly documented. In the long run, your business plan will serve
many purposes, such as: Defining a new business, Setting goals and planning steps to achieve them, Evaluating the effectiveness of business and marketing strategies, Setting
a direction for the business for the next five years, Planning, growth and development for established businesses, and Supporting a loan application
SWOT analysis and business planningSWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is a tool you can use to improve your business. You can use it to plan a new business venture, think of solutions to a problem, prepare for future risks, or strategize about how to market your products.
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