Agricultural Finance Workshop

Growing Your Business Profits

Monday May 15 & May 16, 2023
UF/IFAS Tropical Research & Education Center
18905 SW 280 Street
Homestead, Florida 33031

Why attend?

• Starting a business is a big achievement, but maintaining one is the larger challenge.
• Learn to create a simple business plan, understand cash flow or improve your business skills in this hands-on workshop.
• No previous knowledge necessary. If you have a business, you should attend this unique workshop in South Florida

Who should attend?

• This workshop is targeted to growers/producers, landowners, beginning or small farmers, accountants, bookkeepers and members of the finance, agribusiness and public policy communities.

Registration available for one or both days!

Register by May 12 at bit.ly/GrowingBusinessProfits

Materials and exercises will be provided each session.

Day 1 - Monday, May 15

• Record keeping
• Budgeting
• Business planning & financing
• Balance sheets - Part 1
• Income Statements & Taxes
• Panel discussion with lenders
• Introduction/Overview/Terminology

To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary. In this session you will be provided with common terminology and acronyms that will better help you understand aspects of a small business.

Business Plan

Creating a business plan that works in today’s rapidly changing, high pace business world who has time to sit down and write a long drawn out business plan? In this interactive hands-on session you will learn how to develop a concise business plan that will compliment your fast-paced business life and act as a catalyst for growing your business.

Break - Refreshments Provided

Record Keeping

Good records will help you monitor the progress of your business, help to prepare your financial statements, identify sources of income, and keep track of deductible expenses. In this session you will learn how good record keeping can help you make sound financial and production decisions.

Day 2 - Tuesday, May 16

• Balance sheets - Part 2
• Financial statements
• Financial ratios
• Cash flow analysis
• Investment analysis/interest
• Exam - (For FSA borrowers)

Connecting the Income Statement and Balance Sheet

Balance sheets and income statements are the primary financial tools for assessing the wealth of your business. In this session you learn how to interpret these two financial statements so you will know if your business is operating profitably.

Lunch & Refreshments Provided / Networking

Understanding Cash Flow Analysis

For small businesses, cash is king. You need it to start, operate, and expand your operations, but many small business owners often have trouble managing and maintaining cash. In this session you will learn how to create and interpret a cash flow statement so that you can maintain a balance of cash at all.

Putting it all Together

Combining all terms and data learned during these two sessions.

Questions and Answers