How to Successfully Calculate Profit for Your Food Business (Inventory Tracking and Pricing)
Ever dreamed of turning your secret recipe into a bestselling product? Have you thought of selling your product wholesale, but didn't know where to start? Or maybe you just love our local food community with a great story behind it! The Women’s Business Center of Utah is hosting Recipe for Success week, aka Foodtrepreneur (x3!)
Two experts from USU Extension will go over how to successfully calculate profit for your food business, how to analyze costs and margin, how to look at fixed costs, track inventory, structure an enterprise budget, keep track of inventory and successfully price your product.
Meet the Speakers!
Dr. Karin Allen
Associate Professor / Extension Food Quality & Entrepreneurship Specialist
Department of Nutrition, Dietetics, and Food Sciences
Utah State University
Karin Allen is an Associate Professor in the Department of Nutrition, Dietetics and Food Sciences at Utah State University and serves as the Food Quality and Entrepreneurship Specialist for Cooperative Extension. Dr. Allen works with small food producers (both on and off the farm) to address food processing issues including labeling, safety, and regulatory compliance, as well as issues specific to agritourism and community supported agriculture operations.
Associate Professor / Extension Food Quality & Entrepreneurship Specialist
Department of Nutrition, Dietetics, and Food Sciences
Utah State University
Karin Allen is an Associate Professor in the Department of Nutrition, Dietetics and Food Sciences at Utah State University and serves as the Food Quality and Entrepreneurship Specialist for Cooperative Extension. Dr. Allen works with small food producers (both on and off the farm) to address food processing issues including labeling, safety, and regulatory compliance, as well as issues specific to agritourism and community supported agriculture operations.
Dr. Ruby Ward
Professor/ Agriculture Entrepreneurship Specialist
Dr. Ruby Ward was raised on a farm and ranch in South-eastern Idaho. From Texas A&M University she received an MBA and a PhD in Agricultural Economics. Dr. Ward is a professor in the Department of Applied Economics at Utah State University. Dr. Ward has delivered educational programs in Utah and the surrounding region for the last 19 years. She has also developed and led the state-wide Diversified Agriculture Conference for the 10 years and an Urban and Small Farms Conference for 6 years.
Professor/ Agriculture Entrepreneurship Specialist
Dr. Ruby Ward was raised on a farm and ranch in South-eastern Idaho. From Texas A&M University she received an MBA and a PhD in Agricultural Economics. Dr. Ward is a professor in the Department of Applied Economics at Utah State University. Dr. Ward has delivered educational programs in Utah and the surrounding region for the last 19 years. She has also developed and led the state-wide Diversified Agriculture Conference for the 10 years and an Urban and Small Farms Conference for 6 years.
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How to Successfully Calculate Profit ...
Date and Time
Wednesday Apr 24, 2019
2:00 PM - 3:00 PM MDT
Location
Women's Business Center of Utah
175 East 400 South, Suite 600
Salt Lake City, Utah 84111
United States
Fees/Admission
$10
Hors D'oeuvres provided by our client highlight, Meditrina, is included in the ticket price.
