Where Does This End?
We are currently facing some real financial challenges in our country and, more specifically, in the dairy industry… It seems as if many economic events are completely out of control.
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We are currently facing some real financial challenges in our country and, more specifically, in the dairy industry… It seems as if many economic events are completely out of control.
Grant Cardone stated in his book The 10X Rule, “I suggest that you become obsessed about the things you want; otherwise, you are going to spend a lifetime being obsessed with making up excuses as to why you didn’t get the life you wanted.”
It’s the start of a new year, and we all get to start with a blank slate. Effectively, the score is 0-0. Regardless of what last year brought, the most important question is “What will you do this year?”
After measuring Cash Flow Results for my clients for almost 18 years, we have noted that all costs are higher, but their Revenues are also higher, providing them with almost identical Operating Margin per cwt. How could this have happened?
Consider the possibilities. If you have been facing greater financial pressure, you have probably been faced with costs of operation that have grown substantially
I really believe this is a good question for each of us to ask ourselves. I recently listened to a speech by Matthew McConaughey, also known as the speech that broke the internet, where he explained that knowing who we are begins with knowing who we are not.
This is likely a question many folks in the dairy industry are asking these days. In essence, how long can we make this work? Considering the lower milk prices, high feed prices these past 18 months, rising interest rates and our ridiculous rate of inflation, it really is a great question to ask. In fact, it’s an excellent question to be asked on every major decision.
It has been interesting to observe recent delays on loan approvals with several of my Clients. Frustrating, yet interesting, since the delays seem to occur for no real good reason. I understand that all parties, particularly the bank, need to have sufficient, current information to make a good loan decision, but once they have it, […]
It was a question that caught me off guard… Much as I wanted to respond with a “rapid fire” answer, it caught me by surprise. However, when I thought more about it later that same day, I concluded that it was a great question. At the risk of catching you off guard or raising your […]
…it did come directly from a finance professional who was a serious worrier, and with him, “the sky was always falling.”
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