Business Development Process

Creating a viable value-added agriculture business involves finding an idea or opportunity in the marketplace and then building a viable business to take advantage of the opportunity. This requires going through a process or series of steps. Although this is not a hard and fast process, there are steps that you need to take – and you need to take them in order.

For more information on this topic, see the links listed below of articles posted on related Web sites.

Idea Assessment / Business Development Process provides a series of five steps and a process for assessing a business idea, deciding if a viable business can be developed from the idea and creating a business if it is deemed viable. After you have a general understanding of the process and the steps you need to go through, Getting from Idea to Implementation provides a more detailed listing of points to consider in the development process. 
 

Steps to Commercializing a Value-added Food Business identifies some aspects of business development for food businesses that you need to consider.

Understanding the difference between Business Development and Economic Development helps define your role as a business developer.

For more information on this topic, see the links listed below of articles posted on related Web sites.

Business Development Process

  • A Guide to Value-added Cooperative Development - Dakota Cooperative Development Center -- This publication presents a rural development strategy seeking to achieve local ownership of value-added agricultural processing facilities.

Revised April, 2019.