The Top 10 Things Every Business Owner Should Know

Ever wonder what your neighbor is doing that makes him so successful?

Many people share your interest in knowing this and sometimes wonder if they are simply missing out on something. Now, Business Finance and Strategy Expert John Ellsworth reveals his “Top 10” list for your benefit. Based upon his 25 years of combined experience in the banking industry and as a financial consultant, he summarizes what he believes makes most of these industry stars really shine.

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Items you will need to complete your YTD Cash Flow Analysis most accurately:

Beginning Feed Inventory (for completing 2023 YTD CF’s, this would be 12/31/22 Inventory).
Ending Feed Inventory (for whatever YTD period you are calculating e.g., 8/31 or 12/31/23).
Average # of Milk Cows for the YTD time period that you are measuring.
Average # of Dry Cows for the YTD time period that you are measuring.
Your Dairy’s YTD Profit & Loss Statement from QuickBooks or another program (I’d suggest you use the Accrual Format, or, at least, take out “old bills” that were from prior years).
YTD Pounds of Milk that were shipped to your Creamery.
Loan Statements for Balances, Monthly Payments, Interest Rates, etc. (Herd, Feed, Real Estate & Equipment Loans)
A recent DHIA Herd Summary or similar report for items such as Cull Rate, # Dead Cows, etc.

The Top 10 Things Every Business Owner Should Know

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