FREEDOM FARMER BLOG
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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 had to do EVERYTH...
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 for the year…
…You
...
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 work.
Sounds pretty good, ...
Do you get a major kick when you think of buying out your neighbours?
Do you aspire to be a big operator?
Do you dream of being the biggest farmer with the most land in your area?
If so, Pump Up Scale (the eighth level of the TOP Producers Model) will help get you there. This step's all about ...
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 it’s so important to be clever with your money in the good...
Too many farmers push themselves to always keep growing simply because they think it’s what they “should” do.
Do you agree?
There are benefits to growing your team and scaling your farm (and we’ll talk more about that in a minute.) But there are also other options that could be just as prof...
When most farmers make decisions, they wing it.
They don’t have any tools or systems to help them decide whether something is a good financial decision or a bad one.
…Which leads to bad decisions that cause big problems like:
- Unnecessary spending
- Constrained progress (when it comes t...
If you ask me, it’s an absolute waste of time…
…to try and manage things you can’t control.
No matter how hard you work, you’ll never be able to control the weather, your family’s actions, or interest rates at the bank. So I’d rather help you focus your limited energy on the things you CAN control...
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 to the ...
Most farmers struggle with profits.
Even if your revenues are high, you can still lose money after all your costs, interest payments, and other expenses are paid out.
Like our student Travis..
In the 2014/2015 year, he and his brother had a great revenue on the farm – $2.12Million.
B...
Between Greg and I, we’ve been working with farmers for 50 years.
And during that time, we’ve noticed a really troubling trend:
Most farmers stay stuck, forever.
Longer than forever, actually…
Because they spend a lifetime stuck and then pass that legacy down to their kids and then they stay...
Imagine finding two hardworking farmhands that you completely trusted…
That you could train up to do all the farm jobs…
So you have time to do things like:
- work on the high-level strategy to increase profits
- make succession plans
- even free yourself up to take multiple holidays each year
S...
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