 

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

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