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Organizing Your Farm (or Family) Finances with a Budget
June 17, 2021 @ 4:00 pm - 5:30 pm MDT
Join us to learn how to create a simple operational budget for your business. An operating budget helps you strategize for a profitable business and allows you to plan for low earning or high spending months. A budget guides your spending decisions and motivates you to stay on track with your revenue goals. Also, if you are applying for small business grants, funders may require you to submit an operating budget with your application.
In this webinar, we’ll discuss the budgeting process and use IDRS’ Cash Flow projection tool to develop a budget that you can use to manage your business. You will learn how to estimate sales and expenses and where you can go to get information that you can use in creating your budget. And because creating a budget is an important planning tool for both business and the family, the principles in this workshop will be helpful for creating a family budget too.
This is the third workshop in the Ag Recordkeeping Series
This webinar is only open to the Diné College farmer cohort. The workshop will take place on Thursday, June 17th at 4:00 pm Mountain. This workshop will be delivered online utilizing the Zoom platform. The workshop can be taken on computers and smartphones.
About our presenter:
Mark Thompson serves the Executive Director of Indian Dispute Resolution Services. He also guides the IDRS Acorn Project, IDRS’ microenterprise development program, where he provides entrepreneurial training and technical assistance to Native American entrepreneurs and works with businesses operated by Native American tribes to conduct feasibility studies, develop business plans, establish internal accounting procedures and secure grant funding to further economic development through the creation of small businesses in Indian Country.
Outside of his work for IDRS, Mark has formally been involved in several small businesses including a real estate company, a restaurant, and a mobile disc jockey service. Mr. Thompson received his BS in Business from University of California, Berkeley and completed the Juris Doctorate degree from the University of the Pacific, McGeorge School of Law in Sacramento. He lives outside Sacramento, California where he and his wife Mandi operate a small horse boarding facility and are raising two children, Zane and Marina.
This webinar is sponsored, in part, by the USDA Rural Development, Diné College, and Tolani Lake Enterprises.