Common Fatal Implicit Assumptions People Make When Starting a New Business Venture
Sadly, 20% of start-up businesses fail within the first year operation and 60% fail within the first 3 years. This is average across all industries. We’ve done our best to provide a comprehensive list of things to consider when planning your next diversification, to ensure you don’t fall foul of this statistic!So why exactly do so many start-up...
Farm Diversification – Logistical Considerations
Logistics play a massive role in day to day farm operation and management. All to often things get in the way and hindsight rears its head. Interference and logistical conflict between enterprises is particularly problematic on farms, which have been historically designed with only agricultural usage in mind. Regardless of your diversification pain point, we
How Is a Diversification Enterprise Set Up and Implemented?
So you’ve carried out your background research, budgeting and strategy, but how do you actually go about developing and implementing a diversification enterprise on your farm? Not knowing where to start, or realising the amount of work and time commitment required to start a new venture can be intimidating, especially when you’re already busy...
Diversifying Your Farming Business – Where To Start?
As we move towards 2027 and BPS payments are phased out, with the exact outcome of the Environmental Land Management Scheme (ELMS) remaining unquantified, many are left wondering how they will fill this funding gap. As such, the term “Diversification” has become an increasingly prevalent buzzword within agricultural press and media. What is farm diversification?