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Five key steps before diversifying your farm business
Are you ready to diversify?
Farm diversification provides a significant opportunity for farm businesses. Many see it as a chance to add an additional income stream, provide employment for the next generation or make use of existing assets. However, diversifying any farm business is not a decision that should be taken li…
Top five diversification trends for 2018
What's trending in farm diversification?
According to Defra’s most recent Farm Business Survey, two-thirds of farm businesses within England have already diversified, generating a total income of £620 million during 2016/17. In Wales recent statistics highlight that 38% of farmers have diversified their farm business and in Scotland…
Assessing on-farm assets for diversification
What do you have on-farm that could be put to good use?
Farm diversification is becoming more common among the rural community as farmers and landowner seek an alternative, stable income in addition to traditional farming. The 2016/17 Defra Farm Business Survey revealed that two-thirds of farmers had diversified into non-agricultural businesses ge…
Craft courses - turning a hobby into a business
Can you turn a hobby into a business?
The UK craft scene is booming. TV shows, magazines and bloggers are enticing more and more people to “have a go”. According to research measuring the economic impact of thousands of small craft businesses in the UK, craft skills contribute £3.4 billion to the economy* - there has never been a be…
Do I need a USP?
Understanding the value of a unique selling point
If you want your business to stand out in a crowded marketplace, knowing its Unique Selling Point (USP) can get you off to a great start. USP’s are a marketing concept that are aimed at differentiating your product or service from competitors, but it takes time to come up with a USP that enca…
Five tips to help manage family dynamics within your equine business
What you need to know about starting a family equine business
An equestrian centre can be a family home, and house multiple generations or fractions of one family. So it can be a complex mix of family dynamics.  This dynamic can lead to issues that can drastically affect your bottom line. Here are five common threats and tips on how to manage them. 1…
Five ways to change a product
Ideas to get you thinking about how you could change your product
Tweaking or altering your products forms part of your ability to continually improve. The alterations may be a result of feedback from customers, your own ideas or the identification of emerging market trends and could all help contribute to product improvements, long-term stability and revenue.…
How can your equestrian centre appeal to baby boomers, generation X and millennials?
Appealing to more than one audience
Going back over social history, each generation is given a label. Although people don’t like to be labelled, they do help marketers target a niche sector of the population. Each generation has its own set of historical events, opportunities and constraints. Let’s take a look at baby boomer…
Safari tent, yurt, cabin or shepherd’s hut – which structure is best for my glamping business?
Weighing up which glamping structure could be best for you
Put simply, glamping sites generate a very quick return on investment, most will pay for themselves within two and a half years. However, the most important factor in making it work is choosing the right structure for you. The key ingredients are the right location, the right style of accommodat…
Should a start-up business or enterprise go to the bank first?
How to approach financing your new business or enterprise
Coming up with a new business idea is exciting but one of the many challenges is finding the finance to help get your idea off the ground. When you are just starting out with no financial or business track record, it’s sometimes hard to get a traditional bank or lender to support you. It coul…
Ten tips to make money from horses
How to make money out of horses
  I would say people who have decided to work with horses are among the lucky few. Those who chose to follow their dreams. You’ve heard the saying: “Choose a job you love, and you will never have to work a day in your life.” Yet why do you sometimes feel the contrary?  If you are starting o…
Ten top tips for making a successful grant application
Boost your chances of success
Most schemes are competitive – even if you submit a perfect application there is no guarantee of an offer of funding. To boost your chances of success, here are some top tips: Plan ahead Grants generally have to be agreed before you can commit to ordering or spending any money and the…
The art of choosing a successful business name
A guide to choosing the right name for your business
Choosing a business name is no mean feat. It is one of the first major decisions that will need to be made when starting a business and it will have a significant bearing on the identity of the business. But, it’s not an easy one.  Taking the time to do the research and brainstorm ideas, whil…
The circular framework gripping the global economy
How could your business take advantage of this new ‘circular’ model?
There is no getting away from the fact that in recent decades the agricultural industry has become increasingly resource intensive with the accompanying increases in capital and operating costs. However, as buzzwords such as sustainability and traceability become more ingrained in our everyda…
The tax downside of diversification
The potential cons of farm diversification
There may be many opportunities you are considering to diversify away from farming activity. Your diversification idea will hopefully generate an additional income, but it’s important to understand the potential tax implications of each diversification project. For example, a new venture may …
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