The BC Ministry of Agriculture, Food and Fisheries , Farm Business Management Unit provides leadership and technical expertise to support the agriculture industry. It consists of specialists in business management who carry out a broad range of commodity based and business based projects. Helping people find success Putting information to work Accessing relevant information quickly is a challenge in a business environment and world economy that is changing rapidly. There are many sources that include your own records and financial statements, the world wide web with the many agriculture search engines and FBMInet . Evaluating your business For those in business it is imperative that you evaluate your own business with its many facets from assets, liabilities, income, input expenses, yields, personal goals and business objectives.
Approaches range from insurance of various types to diversification of the business.
Your ability to hire, train, supervise, evaluate, communicate, and negotiate will have a direct impact on the success of your business. Planning for the future Careful planning is a vital part of any successful business. It involves short run and long run plans based on family and business goals. It requires tax planning and succession planning. Transferring ownership Succession planning is associated with the accumulation of assets, use of property during one's lifetime, transfer of management responsibilities, change of ownership, and distribution after death.