Don Hofstrand
![]() | Don Iowa State University Extension dhof@iastate.edu |
Informative Articles
- What is an Entrepreneur? -- Revised December 2005.
- Entrepreneurial Skills Assessment -- Reviewed February 2006.
- Peter Drucker and Innovation -- Reviewed February 2006.
- Group Decision Making in Value-Added Business Projects -- Reviewed February 2006.
- Designing Successful Business Teams -- Reviewed February 2006.
- Improving Value-Added Business Communication Skills -- Revised February 2006.
- What is Your Managerial Attitude? -- Written January 2007.
- New Ways of Looking at Your Farm Business -- Written January 2007.
- Solving Conflicts Between Business Associates -- Written January 2006.
- Interpersonal Skills Assessment -- Reviewed February 2006.
- Keys to Successful Planning for Strengthening Your Value-Added Business -- Reviewed February 2006.
- Energy Measurements and Conversions -- Revised August 2007.
- Agricultural Measurements and Conversions -- Revised August 2007.
- Business Strategy Terms -- Revised February 2006.
- Commodity Marketing Terms -- Revised November 2005.
- Financial Terms -- Revised February 2006.
- Cost Terms -- Written October 2006.
- Specialty Grain Terms -- Written October 2006.
- Transportation Terms -- Written October 2006.
- Farm Analysis Terms -- Revised November 2005.
- Product Marketing Terms -- Written November 2005.
- Idea Assessment / Business Development Process -- Written December 2005.
- Business Development vs Economic Development -- Written November 2006.
- Considerations when Selecting a Consultant -- Reviewed August 2005.
- What is a Feasibility Study? -- Revised February 2006.
- Feasibility Study Outline -- Revised February 2006.
- When to Do and How to Use a Feasibility Study -- Written February 2006.
- Forming a Viable Value-Added Project Committee and Holding Successful Meetings -- Reviewed February 2006.
- Creating a Mission Statement, Setting Goals, and Developing Strategies -- Written January 2006.
- Barriers to Entry and Exit -- Written March 2007.
- Breakeven Selling Price -- Written March 2007.
- Breakeven Sales Volume -- Written March 2007.
- Commodities vs Differentiated Products -- Written March 2007.
- Demand -- Written March 2007.
- Economies of Scale -- Written March 2007.
- Economies of Scope -- Written March 2007.
- Elasticity of Demand -- Written March 2007.
- Experience Curve -- Written March 2007.
- Managerial Costs -- Written March 2007.
- Opportunity Costs -- Written March 2007.
- Product Life Cycle -- Written March 2007.
- Writing a Business Plan -- Updated January 2006.
- Create Your Own Value-added Business Plan -- Written August 2006.
- Key Points in Writing a Business Plan -- Revised September 2005.
- Location, Location, Location -- Revised February 2006.
- Obtaining a Business Loan -- Written January 2007.
- How to Use Grants -- Written January 2006.
- Setting Your Price -- Written March 2007.
- Marketing Strategies -- Written March 2007.
- Promoting Your Business -- Written July 2005.
- Evaluating Alternative Types of Advertising -- Written July 2005.
- Steps for Using Trade Shows -- Written July 2005.
- Dividing Business Income -- Written April 2006.
- Understanding Net Worth -- Written August 2006.
- Understanding Cash Flow Analysis -- Revised August 2006.
- Understanding Profitability -- Revised August 2006.
- Grain Price Hedging Basics -- Written October 2006.
- Grain Price Options Basics -- Revised October 2006.
- Options Tools to Reduce Price Risk -- Revised October 2006.
- Options Tools to Enhance Price -- Revised October 2006.
- Grain Price Options Fence -- Revised October 2006.
- Strategic Planning for Value-Added Farm Business -- Written April 2007.
- Farm Business Strategies -- Written April 2007.
- Growth Strategies by Type of Farm -- Written April 2007.
- Setting Personal, Family and Business Goals for Business Success -- Written April 2007.
- External Scanning - Industry Analysis -- Written April 2007.
- Internal Scanning -- Written April 2007.
- Portfolio Analysis and Enterprise Strategy Development -- Written April 2007.
- Strategic Management Concepts -- Written May 2007.
- Assessing Agricultural Processing Investment Opportunities (html) -- Written March 2007.
Decision Tools
- Value-Added Processing Facility Start-Up Costs
- Partial Budgeting
- Cash Flow Budget (short form - 6 periods)
- Cash Flow Budget (short form - 12 periods)
- Cash Flow Budgeting (monitor projections)
- Income Statement
- Net Worth Statement (balance sheet)
- Dividing Business Income
- Grant In-Kind Match Contributions
- Travel Expense Voucher


