A key part of the support and its success of Profit Planner over the last few years has been the delivery of workshops and training.
Workshops and training have provided many learnings.
Here are some of the feedback highlights:
This is the feedback from a typical workshop
COMMON ISSUES FACING HORTICULTURAL BUSINESSES
“These are the critical issues facing our business…
- Scale of business – need to reduce overheads
- Margin squeeze
- Imports and globalisation
- Dealing with adverse weather
- High cost of money
- The need to provide better information to our key stakeholders – family members and banks
- Dealing with risk
- Staff – access to skilled labour
KEY OUTCOMES FROM ATTENDING WORKSHOPS
By attending the workshop we gained the following outcomes – we were provided with the following:
- Tools to deal with key issues
- Shared knowledge and expertise to consider issues
- Understanding of new software program and its use/ benefits”
COMMON LEARNINGS FROM ATTENDING WORKSHOPS
Participants have reported the following learnings from workshops
KEY LEARNINGS
BLOCK PROFITABILITY
- Aim to be a profitable grower not necessarily the best grower
- Better understanding of looking at costs more closely
- Business - using profit planner to evaluate costs/ profit in my business
- Removing unprofitable blocks
- The value of knowing costs & anticipating future costs/ returns
CONFIDENCE & CHANGE
- Be prepared to change fast
- Felt more confident having attended the workshop
- Need to spend time away to plan our business change
DECISION MAKING
- Doing home work on decisions
- Getting advice on decision making
- Carry out cost structures & financial returns
- Tools to help make decisions
IDENTIFY POTENTIAL EFFICIENCIES
- Efficiencies - Profits - Decision Making
- Efficiencies
- Concentrate on improving businesss efficiencies
- Use of labour efficiently
FINANCIAL ANALYSIS
- Better understand financial data
- Better way of doing things
- Perhaps its not all doom & gloom
- Spend time working ON your business
- Using data for use to access capital
- Work with what you have got
THE IMPORTANCE OF MEASURING & MANAGEMENT
- Measure where you are making loss & profit
- Measuring your business - costs & returns
- Need to measure business performance
- Management of orchard
RELATIONSHIP WITH BANKS & THE NEED TO PRESENT
- Banks - collect data to present to the banks annually
- Have a good relationship with banker
BUSINESS & SUCCESSION PLANNING
- Important to have a business plan
- Flexible short term plan
- Have a strategic plan
- How to model Statistic
- Implementing strategies
- Planning processes looking forward
- Profitability/ sustainability
- Understanding current opportunities & threats to our industry
- Develop systems
- Succession plan
- Succession planning (important)
SYSTEMS DRIVE CHANGE
- Systems will drive change
- Sustainability
- Training
MANAGE RISK
- Manage risk
- Production
- Marketing
- Financial
- Human resource
- Legal
ASSESS OPPORTUNITIES
- Cost benefit
- Capacity
- Finance
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