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NC State Extension

2021 Bootcamp Info

In our virtual EFM Bootcamp you will learn foundational skills in financial management, strategic planning, and human resource management. For example, you will learn how to use key financial ratios to manage effectively. You will also learn how to lead difficult conversations and navigate challenging family succession issues. This will be taught with a real-world case study within the context of the Business Model Canvas (BMC)

Learning Goals:

  • Why strategy is important
  • Basic understanding of the Business Model Canvas and its usefulness
  • Basic understanding of key financial concepts and a how to use key financial ratios
  • The most important things to consider when developing a succession plan
  • Key concepts every business leader needs to communicate and lead effectively

EFM Boot Camp: Wednesday, February 9 – Friday, February 11

Pre-Boot Camp: Participants read the case study farm and watch a short video on the Business Model Canvas (BMC)

Wednesday

8–8:15 a.m. Introductions.

8:15–9:15 a.m. Overview of Business Model Canvas (BMC) in the context of a simple but relevant case study farm

9:15–10 a.m. The Current Reality of the Case Study Farm Financials: Introduce basic financial concepts and a few key financial ratios using the case study.

10–10:30 a.m. Break and facilitated breakout rooms
Break for 1/2 of class
Facilitated breakout rooms discussion for other 1/2 of class: What could you change on the case study farm BMC to improve financials?

10:30–11 a.m. Break and facilitated breakout rooms
Break for other 1/2 of class (who just completed breakout rooms session)
Facilitated breakout rooms discussion for first 1/2 of class: What could you change on the case study farm BMC to improve financials?

11–11:30 a.m. Financial alternatives for the Case Study Farm.

11:30 a.m.–12:30 p.m. Family Succession:  Who leads the farm to success?

Homework assignment on financial management

Thursday

9 a.m.–noon Work through homework with class.

Friday

8–8:30 a.m. Possible strategies for the Case Study Farm.

8:30–9:15 a.m. Creative financing for the strategy forward.

9:15–10 a.m. Leading to Succeed.

10–10:30 a.m. Break and facilitated breakout rooms
Break for 1/2 of class
Facilitated breakout rooms discussion for other 1/2 of class: Pros and cons of suggested strategies in the context of the BMC

10:30–11 a.m. Break and facilitated breakout rooms
Break for other 1/2 of class (who just completed breakout rooms session)
Facilitated breakout rooms discussion for first 1/2 of class: Pros and cons of suggested strategies in the context of the BMC

11 a.m.-noon A Strategy Forward for the Case Study Farm: Pulling it all together.

Noon–12:30 p.m. What to expect in a full EFM in 2022

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