The BusinessEDGE course, part of the EDGEnetwork®, a joint initiative of Meat & Livestock Australia and the former Department of Primary Industries (DPI) Victoria, is tailored for owners or managers of grazing enterprises keen to increase their profitability.
It has been designed to provide “the tools, knowledge and confidence” livestock producers need to analyse their businesses effectively, so as to better understand where improvements might be made.
Since the course’s inception in 2010, around 500 participants have attended BusinessEDGE workshops across northern Australia. The workshop and course materials have now been adapted to suit those running grazing enterprises in southern Australia.
The Wagga Wagga BusinessEDGE workshop runs for two days, beginning at 8.30am on 22 June and ending at 5.30pm on 23 June, and is led by John Francis from Holmes Sackett.
At the workshop, participants will learn about:
- why income tax returns are of limited value when making business decisions;
- how to set up and use management accounts effectively;
- how to interpret financial statements and understand what they mean;
- understanding the key profit drivers for the whole business – the herd and the flock;
- how to manage financial risk; and
- how to allocate capital in a rational manner for a better return on the investment…and much more.
The course cost is $1,500 per person; for two people from same business, it’s $1,250 each.
Every participant will receive a full set of background and course notes, a hard copy of the PowerPoint presentation used for teaching, and a USB drive loaded with the suite of spreadsheet-based decision support tools used in the course.
Registration and more information
Registration closes on 5 June 2017: download the registration form here.
For more information, phone Prue Francis on 0435 052 255 or email her at firstname.lastname@example.org.
About MLA’s EDGEnetwork
According to Meat & Livestock Australia, its EDGEnetwork offers “practical learning opportunities to help producers gain knowledge and develop skills necessary to improve their livestock enterprises”.
Workshops have been developed to address key areas of livestock and grazing management, including livestock breeding, ruminant nutrition and land management.
The EDGEnetwork concept is owned jointly by MLA and the former Department of Primary Industries Victoria, now part of the Department of Economic Development, Jobs, Transport and Resources (DEDJTR).