How do you grow a multi-million-dollar operation you can pass down to future generations, without passing on the mountain of debt you borrowed to acquire it? While there is no one-size-fits-all solution, there are a few strategies available that can help.
A farm business plan is more than a document. It’s a road map, and if followed, has the potential to change your life and the lives of the generations that come after you.
When it comes to establishing your 10-year vision for your farm business, or your grand vision as I like to call it, the first thing you need to do is think about where you want to be in 10-years’ time.
One of the most foundational things we need to consider in farming is the risk of the key person involved in the business. By taking out insurance, we can help mitigate that risk.
Setting goals for revenue, profitability, and ultimately, your financial future, is one of the most important things you can do to achieve farm business growth.
Is poor communication in your team costing you your precious time, money, and energy? Keep reading to find out how to eliminate poor communication in your team and increase productivity.
I’m often asked this question when discussing retirement and estate planning with a client, and it’s a difficult question to answer.
Thats why I often turn the question right on its head and ask a question of my own.
When going to your accountant or your lawyer, you must have done the homework yourselves. You must have got together as a family and had those discussions, talked things through, and thought about the future.
Farm transition and estate planning can be complex and confronting, but it doesn’t have to be. This month we are focusing on Estate Planning, and I wanted to share this story with about a fifth generation farming family I am currently working with.
Who will own your farm in 10 years?
Welcome to our series on Estate Planning.
Estate Planning is not just about your will, it’s about your assets, who or what owns them and how. Read this blog to learn more
One question that I get asked a lot is about how to avoid Succession Planning disaster.
I’ve seen a few disasters in my time, and it’s unfortunate.
Often, it’s those situations where family members are no longer talking.
Today I want to talk to you about the tools that help me have better meetings with my clients.
These tools can also be used in our everyday life, whether we’re having discussions with our clients, family members, friends, or our team.
Habits Can Make Or Break Us Today I want to share the habits that shape my day as a Financial Planner and Business owner. Below you’ll find some interesting points on how our habits can make or break us, including tips on creating better habits, links to two good books, and a glimpse into my […]
In the lead up to the end of financial year, it’s important that you get your book work organised. We’ve put together a short post to help you.
Making Super contributions a part of your tax planning strategy is a great way to boost your savings while potentially saving on tax. These 3 super strategies can help you save on tax while increasing your superannuation.
With the improvement in prices, seasons, and low interest rates, cash flow is looking really good for farmers this year. This is why it’s important to get on top of your tax planning and get on top of it early.
Recognising there are ways you can leverage your farm to increase your net wealth down the track is just one strategy farmers are using to grow their farming business.
Improving Your Farms Cashflow As a starting point, let’s talk about the importance of cashflow forecasting and preparing a cashflow budget. Because without these, how do you know how your cashflow is going to look? The first thing we do with our clients is to get an understanding of what is happening on the farm […]
Growth Opportunities For Your Farm Today, I want to look into growth opportunities for your farm through purchasing more country versus increasing productivity. As you know, the price of land has gone up significantly in recent times. Dollars per cow area or dollars per average yield of grain have become more expensive in terms of […]