24 participants attended HMI’s Whole Farm/Ranch Business Planning classes held at Mount Lookout at Grange Hall in Mancos, Colorado October 27th through November 11, 2017. Taught by HMI Certified Educator Cindy Dvergsten, the classes took place in October and November of 2017. The classes were designed to help both new and experienced farmers and ranchers learn key business, marketing and financial planning skills. During the six days of training, participants learned a variety of business and financial skills, including learning how to plan for profit, understanding business value and how to market their business effectively, including how to establish pricing levels and initiate promotional strategies. In the end, the classes worked to build capacity in the community, while allowing a diverse class of participants the opportunity to share their knowledge, accomplishments, and challenges, creating a sense of belonging for all class participants. Continued learning will happen with the formation of a formal Management Group. There was a total of 41,917 acres influenced from the training.
Participants Learned:
How to create a business that works for them
To test ideas and explore possibilities
How to plan for profit – not just hope for one
How to becoming a master of money management, budgeting and planning
Their value to their customers and how to market their business
How to establish the best pricing, positioning & promotion strategies
How to generate a triple bottom line – human, financial, environmental
Addressing organizational, legal & risk management needs
Networking and learning from others like yourself
Gaining access to valuable resources & people
Developing a plan for starting, marketing, growing or exiting your business
HMI would like to thank The Thornburg Foundation for their support of this program.
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