About this workshop
Previously known as the ‘Plant Costing’ workshop, this popular training program has had a face lift. Maximise your profits with this simple and effective method of calculating the true cost of growing and selling plants in your business.
The workshop introduces participants to a step-by-step process for determining and managing the cost of producing and selling plants. Understanding these costs allows decision makers to set suitable sales prices and achieve a realistic return on effort and investment.
Participants will be equipped with the skills to identify cost trends in their nurseries. On completion of the session, participants will be able to accurately determine the most appropriate plants to grow and sell to secure the best return on investment.
The process used in the session focuses on costing methods for greenlife. In practical terms however, the same financial principles and concepts are applicable to the costing of all products produced and sold in a business.
Workshop outcomes
At the completion of the workshop participants will be able to:
- Calculate the costs for the material, equipment and labour used in the production and sale of plants in your nursery
- Use the cost information assessed in the workshop to determine a pricing policy for the sale of plants
- Allocate all dollars invested in the nursery to its products to determine if there has been an acceptable return on effort and investment.
Workshop outline
- Determining the components that make up the cost of producing and selling plants
- Sample forms and calculators that can be used to collect nursery records for analysis
- Calculating the cost per hour of labour (which can account for 25-40% of a nursery’s operating expenses)
- Allocating costs to a specific plant to ensure a profit is achieved
- Developing a pricing policy that delivers an acceptable return
Target audience
Nursery owners, business managers and production managers in production and retail nurseries. This workshop is ideal for staff seeking to understand the cost of plant production from the initial batch through to retail sale.
Workshop prerequisites
Nil, however the participants are required to complete some tasks prior to arriving on the day of workshop.
Session length
4 hours
CNP activity points
For more information
For more information about this workshop contact your state or territory Nursery & Garden Industry Association.
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