ARE YOU GETTING THE BEST DEAL FROM YOUR BANK? The right finance and working capital is necessary for your farm or agribusiness to grow. While the Reserve Bank sets the base rate, knowing how your bank calculates your customer margin will help you pay as little as possible in bank fees and interest. Well-managed businesses … Continue reading Fix Your Rates and you Fix Your Margin
Managing price and production to drive profit. In last month’s blog, we covered some of the key elements to help you understand your farm profit. In this blog, we’re looking at the first 2 profit drivers – price and production. You already know that maximising profit is a key goal for your business. There’s a … Continue reading Do You Know What Drives Profit in Your Business?
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
Make good decisions now to secure your future financial flexibility For many businesses, especially here in South Australia, this season’s harvest is one of the best they’ve seen in years. But as the payments roll in, it’s important not to get too carried away with that healthy bank balance. Making considered decisions now will … Continue reading Reaping The Rewards Of A Good Harvest
Land Status Understand the status of the land you are purchasing. Is it freehold or crown lease? If it is a crown lease, review the terms. Inclusions and Exclusions Confirm with the agent or seller what plant & equipment, livestock, water entitlements and other interests they will include/exclude in the sale. Infrastructure and Equipment Assessment … Continue reading PURCHASING LAND? HAVE YOU DONE YOUR DUE DILIGENCE?…. IT COULD SAVE YOU THOUSANDS.
January is Financial Wellness month, and it's easy to see why when we consider the holiday spending and finance related New Year's Resolutions we might make. As business owners you most likely will spend time reviewing and analysing the financial performance of your business. But do you consider the financial wellness of your business? And … Continue reading Personal and Business Financial Wellness: What Are the Differences?
Are you being rewarded – or charged – by your bank? When was the last time you changed banks? This year? Last year? Five years ago? More? According to anecdotal evidence, about one in two Australian banking customers are still with the first bank they ever joined. And from my experience in the agricultural industry, … Continue reading BANK LOYALTY – IS IT COSTING YOU?
There’s no doubt that having the right equipment is one of the most important parts of your business. Apart from the land you own, your farm machinery is probably your next biggest investment. So, you need to be well-informed about your farm equipment finance options. There is a fine line between overcapitalising and buying equipment … Continue reading GET THE FARM EQUIPMENT FINANCE YOU NEED WITHOUT BREAKING THE BANK
My clients were sceptical about achieving interest savings whilst the rates were going up. I'll admit, it's tricky when banks are increasing rates at different times. That why it's important you know what stage the bank is at with setting their rates. Have they factored in the most recent RBA increase or are they still … Continue reading Client Success Story – YP Grain Growers – $3 million
As small business owners, we’re quick to take on responsibilities. But when it comes to asking for help, we hesitate. We’re so busy in our lives, running our businesses that we forget to prioritise the tasks that are important to our personal and professional success. Having people by our side, not only keeps us on … Continue reading THE BROKER IN YOUR CORNER
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