Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag...
-
Upload
kellie-eaton -
Category
Documents
-
view
212 -
download
0
Transcript of Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag...
![Page 1: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/1.jpg)
Taking Stock: Planning for the next phase of your
business
Mary PeabodyUVM Extension/Women’s Ag
Network
![Page 2: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/2.jpg)
Target Audience• Women farmers (primary but not
exclusive)• 7+ years in agricultural business • At least 50% income from the farm• 35-55 years old
![Page 3: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/3.jpg)
WAgN BUSINESS START-UP WAgN BUSINESS START-UP CONTINUUMCONTINUUM
Self-Assessment
Is Agriculture
a good fit?
Writing theBusiness
Plan
Financing theBusiness
Implementation
Long-termSustainability
Implementing YourExit
![Page 4: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/4.jpg)
The Problem
• Threatened financial security and business viability for farm and forest land owners
• Many programs available for startup but far less for mature businesses
![Page 5: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/5.jpg)
About Taking Stock...• 12 hours of class time + “Clinic”• Individual consultation• Class Components
– Revisiting your goals and mission– Building a high-quality management team– What your financial statements can tell you– Policies/Procedures– Exit/Transition planning basics
![Page 6: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/6.jpg)
Outcomes• Increased knowledge of USDA programs• Improved Motivation to plan/set goals• Improved business performance through
better use of best management practices• Increased satisfaction with business
performance• Increased satisfaction with quality of life
![Page 7: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/7.jpg)
Success = transferring the focus of the class from the instructor to the student• Lecturing doesn’t work without hands-on• 80% of whatever was going to be
accomplished was going to have to take place during the class session
• Every participant has a different priority for what most needs to get done
![Page 8: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/8.jpg)
Our solution• Each participant creates their own
learning contract with us• While they are exposed to a lot of
information they are only working on one project for themselves
• They have the benefit of a peer group to exchange ideas with
• They have an opportunity for 1:1 consult
![Page 9: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/9.jpg)
4 “Cool Tools” that move the class from teaching-centered to learning centered.
• History of my business• Initial Assessment• Goal Planning Template• Time/Value Matrix
![Page 10: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/10.jpg)
The Initial Assessment assists participants identify what they want to work on…
![Page 11: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/11.jpg)
![Page 12: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/12.jpg)
The History of My Business
Taking StockPlanning for the next phase of your business.
![Page 13: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/13.jpg)
![Page 14: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/14.jpg)
Once participants have identified an area to work in we ask them to draft goals/objectives to drive their work.
![Page 15: Taking Stock: Planning for the next phase of your business Mary Peabody UVM Extension/Women’s Ag Network.](https://reader036.fdocuments.us/reader036/viewer/2022070403/56649f325503460f94c4e1e1/html5/thumbnails/15.jpg)
Thanks!
• There is great value in placing the burden for learning on the student/participant
• You get more when you ask for more