Whenever you stay in business for a long time, the day will arrive when you must consider, for many potentially different reasons, whether you wish to stay in the business or leave. Many agricultural producers are in this situation today. It could be due to their advancing age, a recent lack of profitability, health concerns, […]
After eight years in the banking industry and 26 years of consulting on finance & strategy with Success Strategies, Inc., I have concluded that achieving positive cash flows in your business revolves around several key items.
While gambling might be fun for some people, it is no way to run any business. Frankly, you already assume numerous risks every month…
As Matthew McConaughey states, “You can either cry in the storm or dance in the rain.”
To maximize your success, look at all three pillars and decide what steps you should take to make the improvements you want, going forward.
Lots of people are facing challenges today. Some of these are financial, and some are managerial. They are asking what they can do & why things do not work – they used to. The challenges of these times are not for the faint of heart.
Decision making can be a genuine challenge today for several reasons. Sometimes, we have too much information. Often, we are afraid we might make a mistake (Oh, heavens…).
So, “what do I do now” is a question many producers are asking today. Should I sell out while asset values are elevated to new highs? Will there ever be a better time to exit?
The last few years have been fairly challenging in terms of inflation, the resulting higher interest rates, considerably higher operating costs and only average revenue streams to offset these higher expenses. It’s been a classic “Cash Flow Squeeze.”
I was recently thinking about two words that are quite similar. Those words are Creative and Reactive. They contain the same letters but have different meanings. In business, as in life, they represent vastly different approaches. Let me provide you with some real-life business examples: As you consider these comparisons, which one best describes you […]
