Blueprint Lecture

• • Blueprints: a plan for the design and construction of a machine or building
  • Bring together many parts into a functional unit
• Planning Quotes

  • You got to be careful if you don't know where you are going because you might not get there - Yogi Berra
  • Forewarned, Forearmed: To be prepared is half of the victory - Cervantes (Don Quixote)
  • Plans are useless. Planning is Essential - Dwieight D. Eisenhower
  • Good Plans shape good decisions. That's why good planning helps make elusive dreams come true - Lester Bittel
• Why do a business plan?

  • Required for loan
  • Grant money
  • Starting new venture
  • Expanding
• • What will motivate you to plan

  1. Learned A lot
  2. Confidence in moving forward
  3. Contingency Plans
  4. Put them in driver's seat do you run the business or the business run you
  5. Provided discipline toward goals
  6. Identified Unseen Risks
  7. Provided Continuity for Team Members
  8. Roadmap for Future
  9. Saved time with lenders
  10. Family direction and goals identified
  11. Quantified Risks
  12. Prioritized Values and Goals
  13. Holistic Coordination
  14. Better Prepared for the Good and Bad
• Planning Steps

  • What is important to you?
  • Identifying your values and needs
  • What have you got?
  • Review history and inventory your situation
  • Where do you want to go?
  • Draft vision/ mission/ goals
  • How to get there?
  • Research, Develop, and evaluate your strategies
  • Implement plan and monitor
• STEP 1: IDENTIFYING VALUES / NEEDS

  • What Kind of Life do you Want to Lead?

  • Pressure – Laid Back – Own Boss – Competitive

  • Being Successful To you Means?

  • Security – Size – Profit – Spare Time ?

  • What do I consider financially Important?

  • Low Debt and Risk – Simple Living – Getting Rich?

  • What Kind of Work Environment do I want?

  • Indoors – Work with People – Crops ?

  • Personal / Family / Community / Environment
• Step 2: what have you got

  • Review History
  • How did you get to this point
  • Does your history reflect your values
  • Inventory
  • Human: physical, mental, labor
  • Material: land and equip
  • Financial
  • Market
• Step 3: Where do you want to go

  • values lead to the creation of vision and mission
  • Vision and mission are operationalized by goals
  • Goals are directed at what you value
• Step 4: How to get there?

  Whole Farm Strategy:

  • Marketing strategies
  • Financial strategies
  • Operations strategies
  • Human resources
• Comprehensive Planning 

  • Generate alternatives
  • Evaluate course of action
  • Best Fit Test
  • Feasibility Testing - Seeing if this is something that can realistically be accomplished.
  • Contingency plan - is known as you plan B, if something unexpected happens
• Set and Prioritize Goals

  • Personal Values and goals- why
  • Business goals- how
  • Personal and Professional Development goals- The tools you need to achieve
• How to get there: Goals

  • You must have long term goals to keep you from being frustrated by short term failures. Charles C. Noble
  • Goals determine what you're going to be. Julius Erving
  • You don't have to be a fantastic hero to do certain things to compete. You can be just an ordinary chap, sufficiently motivated to reach challenging goals. Edmund Hillary
  • People with clear, written goals, accomplish far more in shorter period of time than people without them could ever imagine- Brian Tracy
• 1. Long Term Goals - D.R.I.V.E
  2. Directional
  3. Reasonable
  4. Inspiring 
  5. Visible
  6. Eventual
• 1. Short Term Goals - S.M.A.R.T
  2. Specific 
  3. Measureable 
  4. Attainable
  5. Rewarding
  6. Timed 
• implement plan and monitor 

  1. Write and Organize plan 
  2. Develop an implementation plan (TO DO LIST)
  3. Maintain Records
  4. Establish Monitoring Check Points 
  5. Review Progress
  6. Consider Modifications
• How to get there:

  • Must be written and well communicated
  • Need an action plan to achieve
  • Goals should originate and have team support
  • Establish Discipline
  • Simple goal setting doubled athlete performance
• 1. Short-Term = 1-5 years and the profits made in first year covers expenses 
• 1. Intermediate Goals = 5- 10 years and you see a reduced year to year income fluctuation