Dairy Success Tips
Even More Ways to Achieve Financial Success
Dairy Farm Loans
Tips and Advice
Every year I help dairy farmers just like you find tens of thousands of dollars in savings. I even focus exclusively on ways to help dairy producers manage their dairy farm loans and deal more effectively with lenders, including proven methods for cutting through all the red tape that gets between you and your dairy lender.
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 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
Are You Facing Adversity?October 16, 2024 - 7:43 pm
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. On the one hand, it parallels If I Ran the Circus with its irrational supply and demand, particularly on commodities that are plentiful in comparison with their current usage, yet remain overpriced. On the other hand, our industry scenario seems to be replicating Stop That Ball with an economy that appears relatively lifeless, yet in other ways seems completely out of control when we look at the painful process of loan approvals and the dramatic changes in real estate. Hopefully, things will be appearing more normal again soon!
You Won’t See How
David Allen, in his book entitled Ready for Anything stated:
“You won’t see how to do it until you see yourself doing it. Our brain’s pattern-recognition mechanism is triggered by the images you identify with and the focus you hold. You see the outcome first, and then you are unconsciously made conscious of information. If you won’t see yourself having or doing something until you see how to do it, you’ll never recognize the methods, though they are all around you. Notice what you notice and how you make that happen.”
Coming Up With the Cash
One of the most common problems faced by many businesses today revolves around their ability to obtain financing they need. This challenge becomes even more pronounced when we are faced with a tight lending environment. This has been compounded by the Sub Prime Mortgage mess and its related financial issues! This certainly magnifies the importance of maintaining a solid banking relationship.
Where Have All the Lenders Gone?
Wow! Wasn’t 2009 a real tragedy in terms of overall cash flow and bottom line results? It was absolutely pathetic for most producers. Since then dairymen have been enjoying the fruits of higher milk prices. How can we avoid revealing the same calamities again? What could you have done differently as a manager? These are critical items to spend some time on.
How to Be a Change Leader
Previously, I talked about how to come up with ideas to improve your operation and implement positive change. “The Best way to manage change successfully is to create it.” Peter Drucker in his book, The Daily Drucker, discusses how to be a Change Leader! “One cannot manage change. One can only be ahead of it. In a period of upheavals, such as the one we are living in, change is the norm. To be sure, it is painful and risky, and above all it requires a great deal of very hard work.”
Developing a Future Course for Your Business
You’ve probably heard about the Harvard Business School study regarding the value of having clearly defined goals and a written plan designed to achieve them. 3% of the study’s respondents had a “written, specific plan” for what they wanted to achieve.
Days of Handshake Are Gone
Let’s face it. The days of the “handshake equals dairy loan” are long gone! Actually, it’s been that way for 25 years.
Building a World Class Team! – Part A
At a Leadership Conference at Duke University, I heard a keynote address given by Duke’s head basketball coach Mike Krzyzewski entitled “Building a World Class Team.” His message centered around his experiences during 2005-2008 developing the USA Basketball Team that competed in the 2008 Summer Olympics in Beijing, China. He also outlined what he felt are the primary keys to positive leadership and sound teamwork.