Rural businesses now, more than ever, need to ensure they are optimised to trade in a competitive marketplace. Traditional rural income streams are changing which places a greater emphasis on businesses to improve efficiency and diversify where possible. youngsRPS can advise in many areas including:
- Business strategy and plans
- Budgeting and cash flow analysis
- Preparing rent tenders
- Contract/share farming agreements
- Business restructuring
Our team is made up of individuals from a rural background and who understand the day-to-day challenges farming businesses can face.
Diversification allows a business to spread risk by investing into different markets. This could be as simple as adding value to existing products such as a milk vending machine or meat boxes to sell directly to consumers or moving into tourism by converting traditional buildings for holiday lets. As farm incomes are under pressure with the phasing out of direct subsidy, new income streams will have an important role in the future viability of rural businesses.
As part of any diversification project, there are many barriers to cross including obtaining planning permission, arranging finance and potential tenancy matters. youngsRPS is a multidisciplinary company and therefore we can draw upon the knowledge from our wider team to advise you of the best course of action.
As a multidisciplinary company, we can draw upon the knowledge from our wider team to expand your business by obtaining finance, exploring planning options, tenancy matters and property sales/purchases.