Next Level Thinking Archives - Page 12 of 13 - Success Strategies, INC

"Next Level Thinking"

Should You Be Committed?

My intent was not to draw that fabulous 0.01% interest we currently receive on any savings, but rather it was designed to segregate these funds from his checking account, with the sole intent of protecting the money from being spent. I call it AGS – Acute Goal Savings.

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What Would Croesus Actually Do?

In their book Why Not? How to Use Everyday Ingenuity to Solve Problems Big and Small, authors Barry Nalebuff and Ian Ayres tell the story of Croesus and his ability to successfully overcome any problem. However, they go one step further by answering the question about what you can do to solve challenges when you do not have unlimited funds, like most of us.

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Entering a New Game!

As the saying goes, “Plan your work, and work your plan.” Having a plan in place will dramatically increase the odds that you are more successful this year. Using this tool as a guideline for what items you need to focus on improving will serve you well as you proceed forward.

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The Trial of the Century!

I realize that, given the solid margins of 2014, it is easy to forget about how difficult the prior eight years had been in the dairy industry. Recall the challenges of high feed costs for most of 2008 to 2013 and the calamity of $10 milk prices in 2006 and 2009? These years represented the trial of the century!

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Busy Earning a Living…!

Do you ever go through a period of time when, no matter how much work you finish, you just cannot seem to catch up, leave alone get ahead? I know I have had this feeling at times. Maybe it’s just part of being caught up in the never ending race called Corporate America…

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Are you “Fine Tuned” or “Wandering?”

Why does this matter? Simply stated, if you want banks to loan you money in the future for operating needs or expansion, you will definitely need to illustrate that you have your costs under control. Would you loan money to someone who had no idea what his future cash flows and profitability will be?

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Watching Out for Fair Weather Lenders!

Recently, I heard about a couple of banks who were anxious to start lending to dairy operations again. This seems odd, yet fitting, since they both could be described as “Fair Weather Lenders,” who give you an umbrella when the sun is shining and take it away as soon as it starts raining. Read on if you want to know what to do next…

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