(2 day workshop)
Workshop requested by 1 day workshop participants who wished to increase their business management understanding.
Who will benefit from this training?
- Farmers who are:
- concerned about their future business viability
- wanting to deal more effectively with their bank
- needing support to understand their business risk and how to move forward
- seeking a better understanding of their business performance
- Farm advisers who are:
- looking to support farm businesses to survive and prosper
- looking for a simple but comprehensive way of understanding their client’s business financial health.
- Accountants who wish to improve their financial and management services to their rural clients, far beyond the confines of tax management.
How does the learning happen?
- The workshop is a mix of instruction and group activities. Participants working on their own business tax return in both an instructional and a participatory workshop environment.
- A detailed farm case study tax return is used by all participants, so the finial outcomes can be freely discussed.
- Farmers work on their own tax returns, while confidentiality is maintained.
- Farmers may choose to discuss their findings and options with the trainer.
- A simple instructional manual is provided so participants can be guided to do these calculations each year they complete their tax return.
- A detailed discussion of how banks assess clients ongoing creditworthiness
- Be energised and re-engaged in the business management side of running a profitable and sustainable business
- How to develop the essential farm business budgets of Profit & Loss and Balance Sheet accurately from your tax return figures.
- Ability to calculate essential financial ratios to benchmark business’ performance
- Understand how bank’s view businesses and how you can positively influence their opinion
- Better understand your business financial position and risk.
- Plan and set goals for the future success of your business
- Present a clear picture of business performance to stake holders including banks