An insider secret rich farm owners know that the rest of us don’t?
Focussing on cutting costs in your farm business is probably keeping you broke.
Okay, maybe its not keeping...
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Is your balance sheet lazy?
For many farm owners we meet, the answer is “yes”.
And that’s a huge problem…
Because a lazy balance sheet is a clear sign that you’re leaving money on the table.
Money that could be used to:
Last week, we talked about where most farm owners go wrong in trying to grow their profit.
Most people focus on reducing costs (through things like minimising tax) when what they really should be focusing on…
Is increasing revenue.
As this study from the Wimmera region of...
An insider secret rich farm owners know that the rest of us don’t?
Focussing on cutting costs in your farm business is probably keeping you broke.
Okay, maybe its not keeping...
When I ask you to picture the wealthiest 1% in the world, who comes to mind?
Jeff Bezos?
Gina Rinehart?
Bill Gates?
What if I told you that YOU are part of that elite group?
Even if it sounds completely insane, it may very likely be true!
Many of the farm owners we know fit the...
Quick check-in:
Are you tired?
Feeling unmotivated?
Getting angry and snapping at your partner, kids, or farmhand?
Suffering from headaches, stomachaches, or intestinal issues?
Generally not feeling a sense of purpose or accomplishment on the farm?
If you answered...
^^ This is a countdown to the day you hang up your Akubra for the last time and head to the great farm in the sky.
Okay, maybe not the exact day.
But the reality is, all of us have a countdown timer like this…we just don’t spend much time...
Sometimes the smallest things in business produce the biggest results.
Quick history lesson:
Back in 2013, Farm Owners Academy co-founder Greg owned a vet business that was turning over $750K per year, $150K of which was profit.
Not bad, right?
But to make that money, he...
Ahh, that blissful feeling of finishing your year-end financials.
You’ve totaled the bank balances.
Listed your income and expenses.
Painstakingly answered the 101 questions from your accountant.
And even though you’re breathing a sigh of relief because you’re finished...
Imagine for a minute that you’re a dentist and you own a one-person business…
You genuinely love what you do.
You spend your days cleaning the teeth of your patients.
Your schedule is jam-packed and you feel a real sense of accomplishment after a hard day’s...
Farming is inconsistent.
Some years, you make money…others you don’t.
The theory goes, out of every six years, you’ll make money in four of those years and you’ll lose money in two of them. It’s all part of the game.
That’s why...
Are you wasting time without even knowing it?
Years ago, when I lived in Brisbane, I got up at 4:30 in the morning. I woke up before the sun so I could meet a mate of mine and train with him at the gym.
After six months of doing this, I happened to mention to him the route I took...
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