Using your profit drivers to generate more profit Maximising farm profit is one of the key goals for most businesses. But understanding how to do this, and what drives profit, isn’t always clear. Over the next couple of months, I’ll be sharing a series of blogs to help you: Understand your profit and your profit … Continue reading Understanding Your Farm Profit
Top tips for developing and using a cash flow budget Understanding your farm’s cash flow can be the difference between your business surviving and thriving. In this blog, I’ll explain why cash flow is important (to you and your bank) and how to develop a cash flow budget. I’ll also share a case study featuring … Continue reading Time To Take Control of your Cash Flow
How your agrifinance broker can help you prepare for your annual bank review You’ve packed away the Christmas tree, the summer holidays are done. And while you might be focused on the recent (or upcoming if you are a grape grower) harvest, at the start of the new year, there’s something else you need to … Continue reading Beat The Bank Review Blues
Securing the future for you, your farm and your family ‘Nothing is as certain as death and taxes. We’ve all heard variations of the quote, often attributed to Benjamin Franklin. Given the certainty of death, succession planning is an issue all farming families must deal with. It’s an emotionally charged issue, but one that doesn’t … Continue reading Succession planning, the family farm and the bank
One of the biggest frustrations for my business banking clients is the regular bank manager turnover and the need to build new relationships. To build a strong relationship, you need to spend a lot of time and energy explaining your business. It takes a lot of time and many meetings for you to build rapport … Continue reading THE BANK MANAGER REVOLVING DOOR
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