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Business Training & Mentoring title

 


Business Skills Training for Farm Families


This innovative 3-day business training program, developed in conjunction with Niagara College and the Business Development Centre (BDC) specifically for business people working in the farm sector, will prepare you to approach your farm operation from a fresh perspective.

You’ll have a better understanding of your strengths and weaknesses and will learn practical business skills from seasoned professionals.

An experienced coach/trainer will help you develop a working Business Plan that will allow you to operate your existing farm business more efficiently and/or start up a successful supplementary business.

Click here to see the March class photo.

Topics

Day 1, morning session - Self-Assessment & Concept Development
  • Develop a profile which accurately and concisely describes your business idea
  • Identify opportunities which will contribute to the success of your business
  • Understand the basic concept of marketing as it relates to your customer and your product/service
  • Develop a customer profile by market segment
  • Recognize and understand trends that influence consumers and impact the potential of a business venture
  • Describe direct and indirect types of competition
  • Understand the use of Market Research to confirm a viable business opportunity

Day 1, afternoon session - Developing New Products/Services On & Off the Farm
  • Determine short-term and long-term goals and prioritize steps to their implementation.
  • Examine strategies for managing time and improving daily productivity
  • Understand your responsibilities and get to know yourself
  • Determine the location, office equipment and furniture that you need to run your business efficiently
  • Learn how to set up a home-based business

Day 2, morning session -  Marketing Principles
  • Understand the importance of marketing to the success of the business enterprise
  • Describe the customer, product/service, and tools to be used to promote the product/service
  • Describe methods of distribution that will be used to get the product/service to market
  • Describe the customer profile by market segment
  • Describe the current status and trends occurring in any related industries
  • Describe direct and indirect competitors
  • Increase awareness of legislation which will effect how the business can be operated
  • Prepare a list of marketing objectives
  • Outline a complete marketing strategy for the product/service
  • Describe any value-added service to be offered to the customer
  • Prepare a one year sales forecast for the business
  • Participants in the program will become familiar with using the computer as a tool to undertake market research, including Internet searches and sourcing information from national and international database
  • Identify the advertising tools that will be most effective for the product and/or service
  • Prepare a master promotion calendar for the coming year
  • Evaluate the promotion strategy based on the marketing objectives, cost, and time required to prepare the promotion activities

Day 2, afternoon session -  Sales and Quality Service
  • Assess personal sales performance effectiveness and identify those areas which need improvement
  • Assess the needs of customers and outline a plan to sustain long-term customer relationships
  • List specific actions to be undertaken to ensure quality customer service
  • Identify the methods to be used for measuring customer satisfaction

Day 3, morning session - Business Plan Development
  • Prepare a detailed overview of the business products and/or services 
  • Write clear, measurable, specific, and achievable objectives of what is to be accomplished and how it will be achieved
  • Develop an organizational chart and job description for all positions
  • Write a detailed description of products and/or services to be offered
  • Identify major competitors and describe their strengths and weaknesses
  • List the methods of advertising to be used, frequency of use and associated budget
  • Prepare revenue forecasts and cash flow
  • Summarize the major contents of the business plan in a concise, energetic executive summary

Day 3, afternoon session - Farm Business Bookkeeping & Accounting Principles
        Part 1 - Personal Financial Management
  • Calculate the percentage of net income that is required to pay mortgage and taxes
  • Calculate Gross Debt Service Ratio, Total Debt Service Ratio
  • Analyze current existing finances to determine monthly profit or loss
  • Prepare a breakdown of expenses by percentage of total net monthly household income
  • Prepare a realistic monthly household budget
          Part 2 - Recordkeeping and Financial Analysis
  • Develop a financial record keeping system
  • Prepare a Cash Flow Statement and identify assumptions made
  • Complete an Income Statement for the first year of operation based on projections in the Cash Flow Statement and identify assumptions made
  • Prepare a Balance Sheet and identify assumptions made
  • Complete a Start-Up Cost list for the venture
The workshops will be followed by 4 one-on-one training sessions to assist you in the development and implementation of your business plan.

Dates:

  • Thursday, November 20 & Friday, November 21 + Thursday, November 27
    9am to 4pm

Course Fee: $1,299.00 CAN (incl. GST) – includes instructional services,  breakfast & lunch on 3 workshop days

Materials Fee: $60.00 CAN (incl. GST) – includes course materials, worksheets & resource CD
to register, contact Erica Jurus at 905-641-2252 ext. 4435.

Instructors: Larry Bitner, John Young, Charles Curley

Technical Requirements:

  • Windows 98 or higher
  • Microsoft Office Word 2003 or higher
  • Microsoft Office Excel 2003 or higher
  • Adobe Acrobat Reader (5.0 or higher)

March 27th class photo

Agricultural Articles and Resources
Click here to access our compendium of online articles and resources related to agriculture & farming businesses.


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