Beyond "Blind Spots": Illuminating Financial Pathways for Thriving Agrotourism as a Family Business

K. Dalve, Pravin Govind Shastri, Ashok Maruti Korade, Abhishek Anant Motdhare
{"title":"Beyond \"Blind Spots\": Illuminating Financial Pathways for Thriving Agrotourism as a Family Business","authors":"K. Dalve, Pravin Govind Shastri, Ashok Maruti Korade, Abhishek Anant Motdhare","doi":"10.9734/ajaees/2024/v42i62460","DOIUrl":null,"url":null,"abstract":"Purpose: This scientific research study aims to highlight the management of blind spots in agrotourism with the clear goal of helping farmers by offering them useful financial ratio analysis.\nDesign/Methodology/Approach: Conducted in-depth interviews with agrotourism owners and conducted a comprehensive review of existing academic literature, industry reports, and government publications on financial management in family-run businesses and agrotourism.\nFindings: By acknowledging and addressing core \"blind spots,\" family-run agrotourism businesses can cultivate a culture of financial awareness and proactive planning. The project appears to have a benefit-cost ratio (1.478) that is positive, meaning that benefits exceed expenses. Given the high internal rate of return (45.56%), the investment may out to be quite beneficial. The project's financial viability is further supported by the profitability index (1.37), which is higher than 1.\nPractical Implication: We have analyzed financial ratios, such as profitability index, benefit cost ratio, payback period ratio, current ratio, net profit margin, fixed turnover assets ratio, Internal rate of return, working capital turnover ratio, return on investment, gross margin etc. to assess the profitability and performance of the agrotourism. In order to maximize revenue from agrotourism, we monitored a number of factors before calculating break-even analysis. These included financial risks, profitable revenue streams, and seasonal variations in demand and income during off-peak seasons, off-farm income, and operating costs. This type of all analysis useful for avoid blind spots in agrotourism.\nOriginality/Value: Offering concrete strategies and frameworks tailored to family agrotourism business can directly benefit practitioners, enhancing their financial resilience and contributing to business success.","PeriodicalId":502257,"journal":{"name":"Asian Journal of Agricultural Extension, Economics & Sociology","volume":" 6","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Journal of Agricultural Extension, Economics & Sociology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.9734/ajaees/2024/v42i62460","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Purpose: This scientific research study aims to highlight the management of blind spots in agrotourism with the clear goal of helping farmers by offering them useful financial ratio analysis. Design/Methodology/Approach: Conducted in-depth interviews with agrotourism owners and conducted a comprehensive review of existing academic literature, industry reports, and government publications on financial management in family-run businesses and agrotourism. Findings: By acknowledging and addressing core "blind spots," family-run agrotourism businesses can cultivate a culture of financial awareness and proactive planning. The project appears to have a benefit-cost ratio (1.478) that is positive, meaning that benefits exceed expenses. Given the high internal rate of return (45.56%), the investment may out to be quite beneficial. The project's financial viability is further supported by the profitability index (1.37), which is higher than 1. Practical Implication: We have analyzed financial ratios, such as profitability index, benefit cost ratio, payback period ratio, current ratio, net profit margin, fixed turnover assets ratio, Internal rate of return, working capital turnover ratio, return on investment, gross margin etc. to assess the profitability and performance of the agrotourism. In order to maximize revenue from agrotourism, we monitored a number of factors before calculating break-even analysis. These included financial risks, profitable revenue streams, and seasonal variations in demand and income during off-peak seasons, off-farm income, and operating costs. This type of all analysis useful for avoid blind spots in agrotourism. Originality/Value: Offering concrete strategies and frameworks tailored to family agrotourism business can directly benefit practitioners, enhancing their financial resilience and contributing to business success.
超越 "盲点":阐明作为家族企业的农业旅游蓬勃发展的财务途径
目的:本科学研究旨在强调农业旅游中的管理盲点,其明确目标是通过为农民提供有用的财务比率分析来帮助他们:对农业旅游业主进行了深入访谈,并对有关家庭经营企业和农业旅游财务管理的现有学术文献、行业报告和政府出版物进行了全面审查:通过认识和解决核心 "盲点",家庭经营的农业旅游企业可以培养一种财务意识和积极规划的文化。项目的效益成本比(1.478)为正值,即效益大于支出。鉴于内部收益率较高(45.56%),该投资可能会带来相当大的收益。盈利指数(1.37)高于 1.实际意义,进一步证明了该项目的财务可行性:我们分析了盈利指数、效益成本率、投资回收期比率、流动比率、净利润率、固定资产周转率、内部收益率、流动资本周转率、投资回报率、毛利率等财务比率,以评估农业旅游的盈利能力和绩效。为了实现农业旅游收入的最大化,我们在计算盈亏平衡分析之前对多个因素进行了监测。这些因素包括财务风险、盈利收入流、淡旺季需求和收入的季节性变化、农场外收入和运营成本。这类分析有助于避免农业旅游中的盲点:提供针对家庭农业旅游业务的具体策略和框架,可使从业人员直接受益,增强其财务复原力,促进业务成功。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信
小红书