Completed Project Report


Making It Happen: Profitability & Success 2020 (MIH2020)

  • Award Amount: $21,986
  • Regional Center: Northeast Extension Risk Management Education Center
  • Grant Program: 2019 Education Projects

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Project Overview

MIH helped producers develop the skills and understanding to use 4 key financial management tools (Cash Flow Budgeting, Sensitivity Analysis, Competitive Analysis, and Scenario Planning) to reduce their financial risks. 

29 participants were composed of 25 producers with at least one year of operating experience, 3 small business specialists, and one potential start up. All resided in Massachusetts, Connecticut, New York, or Rhode Island. 

Two in person and one online trainings were held, consisting of: prerequisite webinars, 10 to 11 hours of instruction, and applying skills to a producers’ own numbers. In addition an estimated 3 to 4 hours of individual producer homework took place.  Additional training and support was provided to seven producers who opted in to our follow-up 1:1 business assistance.

Results: 23 participants increased their understanding of the financial management tools, 28 practiced using the tools, 21 decided to use at least one tool in their business, and 15 implemented (used) at least one tool.   

Number of Participants: 64

Results

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

There are no educational materials available for this project.

REPORTS & EVALUATIONS

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DELIVERY AREA

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