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.
Call John at 209-988-8960 or Send him an email:
What Does Your Future Hold?December 26, 2024 - 10:30 am
What is the Secret to More Positive Cash Flow?December 6, 2024 - 1:25 pm
Are We Getting Too Comfortable?November 26, 2024 - 6:11 pm
Why Aren’t You Dancing in the Rain?November 12, 2024 - 12:28 pm
What Is Your Next Step?October 30, 2024 - 9:59 pm
TAKING TIME TO MEASURE YOUR PROGRESS
Consider using the following questions in the financial analysis of your business. The first question, “What is our current performance?” In the area of finance, we would naturally consider measures such as profitability, cash flow and debt service coverage. Many of us study expense items when our revenue is lower, as in 2006, 2009 or 2015. I would challenge you to review these line items in the good times as well.
If I Ran the Circus…
What a tumultuous year! The last twelve months in the dairy industry looked like a cross between two of Dr. Seuss’ children’s books.
Would You Be Ready?
While all of us are faced with negative challenges and nobody wants to dwell on them, we would be well served if we have given these situations some forethought. For example…
“Secure Your Own Mask First!”
For those of you who have ever been on a commercial airline flight in the United States, you are probably very familiar with this warning: “In the event of an unexpected decrease in cabin pressure, oxygen masks will drop from above your seat. If this happens, please place it over your mouth and nose. Be sure to secure your own oxygen mask before attempting to assist others.”
“No Excuses!”
Where do you really want to be in five years? In ten years? How can you get there? What will it take to succeed in reaching those goals?
Should I be fixing my Interest Rates?
This is a question many people are asking. I believe it’s something we need to be looking at regularly.