Grow Nt Mag -may 2021

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2021
NT Farmers Association in partnership
with RBS are delivering Financial
Fitness Bootcamps for the industry.
Rural Business Support (RBS) has further expanded
its Northern Territory team as the
NT Farmers Association rolls out a ‘Financial
Fitness Bootcamp’ made possible through
the generosity of the NT Government’s Financial
Fitness Fund.
The Financial Fitness Boot Camp will assist
primary producers across the NT to develop
their understanding of how well their enterprise
is performing financially while also
improving their ability to make consistently
sound financial decisions.
Rural financial counsellor and business analyst,
Paul Erkelenz said that “topics covered
will include better business decision making,
how to read and get the most value out
of annual financial reports, and financial record
keeping.
“There with be an emphasis on the calculation
and interpretation of key financial ratios,
and how to access appropriate finance
and credit,” he said.
Paul will work closely with RBS’s Darwin
based rural financial counsellor, Kate Green
and other industry specialists to deliver the
program from July to December this year.
The Financial Fitness Bootcamp will be delivered
in Darwin, Katherine, Tennant Creek
and Alice Springs and will consist of three
group workshops (one face-to-face and two
online) in each location followed by an individual
training session with a business analyst.
The sessions will be tailored to avoid
individual and industry peak work periods.
RBS CEO Brett Smith said the focus for the
Financial Fitness Bootcamps is to assist primary
producers to improve their enterprise
profitability as well as their odds for long
term business success and viability.
NT FARMERS GROW NT MAGAZINE.