To take the right steps in the development of your dairy farm, a well thought-out business planning is indispensable. It is made up of various parts.
COMPONENTS OF BUSINESS PLANNING
Business accounts: Knowledge of costs and revenues is elementary within your business economic management. ACS's cooperation with accounting firm LIBA is important in this respect, as LIBA's accounting is 'renowned' and 'up to date' for the current state of affairs in our current European dairy farming model.
Financial planning : We calculate the right times for investments. A closely monitored liquidity plan provides peace of mind for entrepreneur(s) and creates trust for the business/financial partners. Anyone who maintains financial transparency is an entrepreneur with common sense. Financial transparency always results in trust between all parties involved, a must for healthy entrepreneurship.
Technical planning: These include roughage position, ration matters, cattle management and manure disposal. Technically acute management and constructive and respectful consultation with suppliers are key.
Personnel planning: Personnel "planning, management & training" are essential for anyone wanting to grow in dairy farming. ACS is well versed in this because of its experience in the US.
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