Transcript of "Ruby Ward Business Maintenance For Your Landscape Business"
BUSINESS MAINTENANCE FOR YOU LANDSCAPE BUSINESS By Dr. Ruby Ward Utah State University Extension [email_address] (435) 797-2323
WHY <ul><li>Important to know where you stand </li></ul><ul><li>Need to examine parts of the business not just the whole </li></ul>
TECHNIQUES WE WILL COVER <ul><li>Partial Budgeting </li></ul><ul><li>Cash flow and long-term loans </li></ul><ul><ul><li>For buildings and equipment </li></ul></ul><ul><li>Retirement Savings </li></ul><ul><li>I am in the process of developing excel files that can be used to help businesses analyze their options. I am presenting these at a workshop at the Diversified Agriculture Conference and copies can be found on the website www.diverseag.org under “Enterprise Management Workshop”. </li></ul>
HOW DO WE EVALUATE A CHANGE IN THE BUSINESS? Added revenue Plus Reduced cost Reduced revenue Plus Added Cost
PARTIAL BUDGETING IS THE TOOL USED TO MAKE THESE KINDS OF DECISIONS
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