About: This course provides key financial principles that help you learn how to work on your business, not just in your business. This simple approach to financial planning will help you understand the big picture view as well as make critical production decisions based on a clear sense of cost of production for different enterprises. You will develop a financial plan and identify ways to implement and monitor that plan. You’ll learn the key economic analysis tools for improved financial decisions for both annual budgets and for long-term investment.
Dates: October 3, 10, 17, 24, 31, November 7, 2017 Time: live at 10:00 – 11:00 am MST (also recorded for later viewing) Scholarship Deadline: October 2, 2017 Registration Deadline: October 3, 2017 Instructor:Holistic Management Certified Educator, Larry Dyer
Understanding the difference between financial planning, managing, and accounting and who is responsible for these activities on your management team
Benefits of a holistic, value-based approach to finances
Using your whole farm or ranch goal to improve your financial decision-making
Prioritizing expenses to increase your farm/ranch investment strategies
Planning for profit
Improving profitability with enterprise analysis
Analyzing net worth and tracking progress
Writing plans to maximize profitability
Increasing creativity in planning and marketing for more profit.
Develop a financial plan which will consist of a yearly budget
Determine current net worth and projected net worth at
to analyze effectiveness of financial investments
Develop enterprise analysis for each enterprise (up to 3 enterprises) to move from a production focus to a profit focus
Be able to analyze expenses and investment allocation strategies so you can better determine return on investment (up to 3 investments)
Be able to analyze livestock production strategies and ramifications on financial planning (for those working with livestock).