(Introductory 1 or 2 day workshop or online equivalent available)
Description:
The Farm Financial Management workshop is a comprehensive 1-2 day (or online equivalent) interactive session that aims to improve participants’ understanding of their financial position and understanding of risk management to build confidence in decision making when planning for the future.
The ability to understand, decipher and use financial statements for decision-making is vital for farm businesses and this workshop allows participants to use their own financial information for practical work so that you can implement your newly acquired or refreshed skills immediately!
Who will benefit from this training?
Farm owners and managers who are:
- Concerned about their future business viability
- Unsure how to deal with their bank after several years of loss making
- Needing support to understand their business risk and how to move forward
- Seeking a better understanding of their business performance
- Wanting to make more informed decisions when planning for the future
Outcomes:
- Improve your understanding of your true financial position
- Improve your understanding of the level of risk as view from a management perspective and from a bankers perspective.
- Understanding of how your business is performing compared with industry benchmarks.
- Learn how you can present your business to your bank, in best possible light to minimise the perceived risk and improve the banking relationship.
- Increased confidence in decision-making and capacity to manage through financial hardship, expansion, and various other scenarios you may be considering.
- Plan and set goals for future success
- Identify, plan for and manage risk to better achieve business goals.
- Be energised and re-engaged in the business management side of running a profitable and sustainable business
- A clear picture of business performance
Workshop details:
The workshop will commence using generic information that can be discussed openly among participants, before focussing on your individual business financials which will be kept strictly confidential.
Workshop Partner:
Tony Hudson, Hudson Facilitation (https://www.hudsonfacilitation.com.au/)
Tony Hudson brings more than 25 years of experience in the agribusiness sector, where his focus has been analysing financial performance to improve his clients’ business profitability and to support them in achieving their business and personal goals. He has a strong knowledge of agriculture and business at both a corporate and production level.
He has worked with clients in a variety of sectors, including manufacturing, mining/resources, information technology, food and fibre, retail and real estate.
Following seven years lecturing and as Director of Farm Management at Marcus Oldham College, more recently Tony has worked as a specialist facilitator and business consultant to corporate and large-scale family farming businesses, focusing on financial performance and strategic planning.
He also holds a non-executive position on a number of advisory boards. Tony holds a B.Ag.Sci (Hons) and Cert IV in Assessment and Workplace Training.
Tony has been employed for many years as an expert facilitator for Partners in Ag (and previously Partners in Grain Vic/Tas). Tony’s workshops always receive outstanding evaluations.
Testimonials:
“I always regarded the Tax returns as a cost of compliance. Over 2 days Tony showed me how to break down and make sense of my tax returns, giving me useful benchmarks to track my financial progress, but more importantly the ability to think critically about my farm enterprise mix.”
“We immediately implemented changes to our business that improved profitability and we are now more skilled at making financial decisions. Undoubtedly, attending the workshop was the best farm management decision we have ever made.”
“Every farm business should take up this opportunity – I went back over five years of figures and can see that if I had known what I know now, I would have made different decisions.”
“This has really helped me understand my position from the business point of view, not from the tax situation.”
“Thanks for letting me come a second time with my partners, we can now look at the agronomy and production side of things considering the financial impact.”
“This has really helped me understand my position from the business point of view, not from the tax situation.”
“Thanks for letting me come a second time with my partners, we can now look at the agronomy and production side of things considering the financial impact.”
“Every farm business should take up this opportunity – I went back over five years of figures and can see that if I had known what I know now, I would have made different decisions. (VFF Grains Councillor)”