A collection of blogs and other writings
from John Ellsworth
Even More Ways to Achieve Financial Success
Ask John Ellsworth of Success Strategies
John’s dairy industry service spans 25-years in strategic planning, debt restructuring, and cash flow management. John knows farm finances and what your bank expects.
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Is It Time to Reset?March 26, 2025 - 1:29 pm
Where Have All the Lenders Gone?March 12, 2025 - 6:59 pm
Do You Have the Advantage?February 25, 2025 - 5:47 pm
Is It Time to Go?February 13, 2025 - 3:00 pm
What is Your Mission This Year?January 28, 2025 - 5:55 pm
What Have You Done for Me Lately?
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?
A Confession to Make
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.
Avoiding the Gap!
I recently was talking with a Client about the achievements he had been enjoying the past two years, despite the downturn in the dairy industry. Suddenly he added, “John, we’ve been getting sound results, especially in comparison to the rest of the industry, but, man, it just seems so slow in comparison to what we used to do 10 years ago…”
Yes, You Can!
I recently received an e-mail from a reader of one of my previous blogs, expressing his concern that he wasn’t quite sure that he could get his business where he wanted to take it in the future. After describing the situation with his current lender and the various cash flow challenges he was having, he asked me if I thought there was any possibility for him to move forward.
It’s a Different Ballgame!
In one of my previous blogs, I had referred to comments from Viktor Frankl in his book Man’s Search for Meaning, where he stated that his survival at Auschwitz, the vilest of Nazi concentration camps, depended upon the realization that his old life was over. His new life and future would be vastly different.
Plugging the Leaks
In my last blog, I talked about knowing your costs of milk production on a per cwt basis. While some may be thinking that knowing this number is great fodder for your local coffee shop conversations, there is truly a lot more benefit to knowing this number. If you know your cost per cwt, you will be positioned to complete a number of tasks. . .