NT Farmers recruits RBS to roll out Financial Fitness Bootcamp

Rural Business Support (RBS) will further expand our Northern Territory support 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 Territory to develop their understanding of how well their enterprise is performing financially, while also improving their ability to make consistently sound financial decisions.

RBS Rural Financial Counsellor (RFC) 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 will be an emphasis on the calculation and interpretation of key financial ratios, and how to access appropriate finance and credit,” Paul said.

Paul will work closely with RBS’s Darwin-based RFC, 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 says 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.

“We’re committed to working collaboratively with NT Farmers to tailor the programs and content to suit the industry groups represented at each of the bootcamps,” Brett said.

“We’re particularly interested in assisting primary producers to consistently make sound financial decisions through providing budgeting and planning tools and to help them to access the right credit and financial packages for their business.

“This program is perfect for primary producers with limited financial knowledge, as well as those with significantly more experience. Because the programs are tailored to the individual business, our team will cater for individuals with all levels of financial literacy, from basic to experienced.

“It’s about providing each person with important skills to better manage their businesses’ finances and the confidence to make more informed business decisions overall.”

For further information on the Financial Fitness Bootcamp and to register your interest please contact:

Paul Erkelenz, Rural Business Support
p.erkelenz@ruralbusinesssupport.org.au
1800 836 211

This project is proudly supported by the Outback Communities Authority, with grant funding from the Australian Government.