How many times have you heard this comment in the greenhouse industry – “How am I going to pay for it?” In this time of volatile energy costs and increased competition in the marketplace, greenhouse operators continue to hesitate and ponder about upgrading their present processes.
The number one stumbling block for a Canadian bioenergy project is a lack of adequate financing. Previously, I’ve discussed the importance of a vision and a functioning team, but without adequate equity and capital investment, the dream could die. Credit strength questions are often left until the end of the project, with the hope that it will come together somehow. I’ve seen elaborate business plans without even a simple pro forma income and expense spreadsheet. Often there is no construction budget, cash flow timeline, or detailed breakdown of income sources. To launch a successful bioenergy project, you must start with a solid financial plan.
With the new air quality emissions regulations coming into effect in September 2010, you may be researching what type of air quality control equipment you are going to install. Whether you choose a bag house filter system, wet scrubber or an electrostatic precipitator (ESP), you are still faced with the same question. How are you going to pay for the required air quality control equipment?
On the lead-up to this year’s Vancouver Winter Olympics, our thoughts were on the athletes and all the hard work and sacrifices they made in making their respective teams. They started with a dream that might have begun when they were only six years old. It doesn’t matter how or when the dream first formed, it only matters that after tremendous sacrifice and hard work, they were able to fulfill their goal of competing in the Winter Olympics.