Following my last article, I was asked by several producers what they could use as a measuring device for reaching their objective of achieving greater profitability. After reminding them about what my Business Coach Dan Sullivan stated, “All progress begins with telling the truth,” I added that they absolutely have to know their Break-Even levels. […]
I was recently reminded of an old episode in the Star Wars movie entitled The Empire Strikes Back, where the famous character Yoda encourages young Luke Skywalker to use his mind to accomplish a task at hand. The task, no easy feat, is to retrieve his disabled spaceship out of a remote bog where it […]
I was recently reading a review of the comments offered by U.S. Agriculture Secretary Sonny Perdue while he was visiting World Dairy Expo in Madison, Wisconsin. I wasn’t there, so I am not defending his commentary, nor am I saying he is totally right or wrong. However, I believe that his speaking points hit on some relevant thoughts.
This is an old expression that I’m sure you’ve heard people express many times. You know what? It’s true. Recently, however, I’ve been surprised to hear some bankers and vendors to the dairy industry exclaim their surprise by stating that they cannot understand why producers aren’t catching up more quickly on old Accounts Payable.
Recently, it seems like I hear a lot of comments about how people aren’t doing better, either because of the President, some Congressman, some policy or some other factor out of our control.
Recently, I heard a classmate from my MBA program at Duke University deliver an excellent message on Leadership and what it takes to truly be a leader.
Ray Kroc, the entrepreneur behind the McDonald’s Corporation, stated, “I didn’t invent the hamburger. I just took it more seriously than anyone else.” Likewise, I didn’t invent Cash Flow Analysis. I have simply taken it more seriously than most people for over 20 years. Why?
I recently met with a Client of mine and his Lender. In spite of all the positive changes being made at this operation in terms of his reproductive program, efficiency measures, and higher than ever milk production, we were quickly informed that “The Sky is Falling!” I thought to myself – Why, after the last four years & all the difficulties we have faced and overcome during that same time, would anyone suddenly conclude that the sky is falling?
You may find the title listed above to be sort of strange… Or interesting? Or antagonistic? However, I really intended for it to be “stimulating” for you and your thought process. In essence, if your Annual Goals could speak, would this be a question that they would be asking you?
I was thinking recently about the many Clients we have assisted with the development of what I call a “Financial Plan” to take their business to higher levels of profitability and success. I have literally been doing this for 21 years at this point, and this may come as a shock to you, but in most cases these Clients didn’t want a “Financial Plan.” Let’s consider some of the reasons for this.
