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Attending this workshop will help you to:

• develop your financial knowledge and business understanding
• understand where your business is performing well and where it can be improved
• better understand how your decisions impact the bottom line of your business
• determine if your business can fund future growth, debt reduction, retirement and ensure everyone in your business is on the same page
• talk the language of money with your accountant, lender and others in your business.

What you will learn:

• determine if all the family needs and aspirations can be funded by the business
• prepare and understand key financial information on your business
• assess and manage agricultural business risk
• understand and manage enterprise performance, including understanding what the key profit drivers are, how to influence them and what effect they have on overall business performance.

What this workshop covers:

• financial literacy and accounting basics
• setting up a financial management system
• understanding your income statement, cashflow and balance sheet
• drivers of profitability and performance
• looking at key indicators of business health and stress
• managing business risk, including equity and debt
• managing and allocating working capital
• determining the funding requirements of the business and planning for the future
• measuring enterprise performance.