THE HALF DAY BUSINESS REVIEW

In order to fully understand your business, one of our consultants will come and visit you in person, on farm. The focus of the on-farm business review is to understand the goals of the business, to ensure recommendations are tailored towards the individual business needs and those of everyone involved.

We encourage everyone with an interest in the future of the farm to be present at the meeting. This is a key opportunity to have a round table discussion on the aims and objectives of your business. Acknowledging strengths and weaknesses and interrogating financial information will help to make informed decisions moving forward.

The review of financial information includes a high-level accounts analysis to understand the financial position of your business and how this will link into creating recommendations that are achievable. Submitting the accounts for analysis in advance of the review meeting will enable our consultants to add real value to these discussions.

You will be issued with a concise action plan following the meeting, with a summary of the discussion and outcomes, and targeted recommendations for next steps for you to move your business forwards.

The recommendations in this report will determine whether any funded follow-on work will be offered.

The report will contain the following information:

Farm Summary

A brief overview of the farm, enterprises, and people within the business.

Farm Objectives

A summary of the main objectives outlined by the attendees. These will include personal and business objectives.

Bps Reduction Calculator

A visual representation of the likely payments that the business can expect to receive, and use for budgeting purposes.

Financial Overview

A high-level overview of the farm accounts, highlighting any areas of strength/concern.

Swot Analysis

A summary of the strengths, weaknesses, opportunities and threats discussed during the review.

Action Plan

The consultant will provide recommendations and key actions from the information shared during the review. These will be specific to the farm and aim to incorporate the business objectives.

For some businesses, the on-farm business review may be all that is required; an additional pair of eyes to review existing plans or provide some suggestions to consider. Others, whose farms are especially vulnerable to the loss of BPS, or those looking to make substantial changes, will be recommended for further consultancy services to support the viability and profitability of the business. Details of those consultancy services follow.