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any on here ever do up buisness plan for finiance ? i need help

  • 13-12-2009 11:03pm
    #1
    bk1991
    Registered Users, Registered Users 2 Posts: 760 ✭✭✭


    hi guys
    have any of ye done up a buisness plan before ? for finiance i need help in doing so


    bk1991


Comments

  • #2
    PMU
    Registered Users, Registered Users 2 Posts: 633 ✭✭✭PMU


    contact your local teagasc office,they have experience in this area. pat


  • #3
    agcons
    Registered Users, Registered Users 2 Posts: 176 ✭✭agcons


    Or your local Agricultural Consultant. Some of the accountants are very experienced in this area also


  • #4
    bk1991
    Registered Users, Registered Users 2 Posts: 760 ✭✭✭bk1991


    have any of ye got any contacts for any? pm me me pls


  • #5
    JohnThomas09
    Closed Accounts Posts: 357 ✭✭JohnThomas09


    bk1991 wrote: »
    have any of ye got any contacts for any? pm me me pls
    If you check out this link.http://www.teagasc.ie/aboutus/businessplan.asp

    I cant really see any bank providing money for anything to do with Farming unless your already set up or have a lot of your own money to invest.

    Would you not consider going to Ballyhaise and get some sort of qualification?


  • #6
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭whelan1


    i was with the bank yesterday :rolleyes: i brought my stock numbers , what i owe etc , my outline of the future:confused: he told me of a bridging loan that there is with ifa that you take out for a year and pay the interest of 5.8% only during the year and pay the initial amount back before the 12 months is up


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  • #7
    snowman707
    Closed Accounts Posts: 2,279 ✭✭✭snowman707


    bk1991 wrote: »
    have any of ye got any contacts for any? pm me me pls

    what part of the country are you in ?

    pm me if you wish


  • #8
    Suckler
    Registered Users, Registered Users 2 Posts: 2,577 ✭✭✭Suckler


    If you havent got a substantial amount of your own capital to invest then the banks wont touch you. As johnthomas09 leaned toward, the banks will get involved in very litle these days and farming is just not lucrative enough to risk 100% finance on. If you cant make it work, they'll be left with machines that you bought at X amount but they'll sell for whatever they can get. So your left with a large debt and no machines to work it off. You will also have to keep the tax man happy.

    Given your age I would definatley head for australia or america to get some experience ( and for the craic) operating machines on large farms etc. Also there is good money to be made there as the farms are often isolated so you cant spend the money if you wanted to!

    Borrowed money is what got the country in to this mess.


  • #9
    bk1991
    Registered Users, Registered Users 2 Posts: 760 ✭✭✭bk1991


    snowman707 wrote: »
    what part of the country are you in ?

    pm me if you wish


    i am in westmeath


  • #10
    tibrok
    Registered Users, Registered Users 2 Posts: 42 ✭tibrok


    There is a cashflow planner program available for download on the ifa ifarm website.

    http://www.ifarm.ie/Services/CalculatorsConverters/tabid/352/Default.aspx


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