Re: Farm Business Planning

From: Rick Jordan (rick@horizonfarming.com.au)
Date: Sun Feb 26 2006 - 19:05:55 EST


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Hmmm,

I have been keeping low profile but this one has inspired me a bit to =
get involved.

I spoke on management at the end of the ADC conference in Mount Gambier =
recently, with particular reference to setting goals and planning =
(amongst other things).=20

As a consultant, one of the key things I see on farm are managers and =
owners not giving themselves the time to do justice to applying their =
management skills to their businesses.

We should all do an audit on this on our businesses and truthfully (and =
critically) assess our performance on this. It is a key starting point. =
If you aren't managing your business as well as you could be, are you =
doing it and yourself a serious disservice?

Don't be daunted by this or think you need to generate reams of paper to =
carry this out. Simple plans and target / goal setting is very effective =
and allows you to formulate strategies to move forward.

Remember shuffling (small steps) are still moving ahead, get =
started..... then pick up the pace.

As for the bankers comments, I know this isn't a general view as we are =
often sought out for assistance by banks and financial advisors.=20

I wonder what bankers failed at before they became bankers (very tongue =
in cheek).

Rick Jordan.

Horizon Farming Pty Ltd
Mount Gambier SA.

----- Original Message -----=20
  From: Tanya Robbins=20
  To: Vicdairy-L=20
  Sent: Saturday, February 25, 2006 4:15 PM
  Subject: Farm Business Planning

  I was lying in bed last night thinking about tax , as you =
do............. and also about goals etc .

  I suppose setting clear goals and writing them down is vital to the =
success of your farm business.

  I now know goals need to be SMART

  Specific
  Measurable
  Agreed
  Realistic
  Time Constrained

  I also know that if my goals aren't specific , measurable , or time =
constrained then I won't be able to answer yes to this question .

  Who has been through this process and found it to work well etc......?

  I sometimes wonder if I could use the services of a good farm advisor =
but my banker said it was a standing joke at the bank that most farm =
advisors are failed farmers themselves.......This is coming straight =
from the horses mouth . Hmmmmm...

  At present I'm getting some great help from people at the DPI=20

  Shawn Robbins
  Boorcan
  West Vic=

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charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2900.2802" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>Hmmm,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I have been keeping low profile but =
this one has=20
inspired me a bit to get involved.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I spoke on management at the end of the =
ADC=20
conference in Mount Gambier&nbsp;recently, with particular reference to =
setting=20
goals and planning (amongst other things). </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>As a consultant, one of the key things =
I see on=20
farm are managers and owners not giving themselves the time to do =
justice to=20
applying their management skills to their businesses.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>We should all do an audit on this on =
our businesses=20
and truthfully (and critically) assess our performance on this. It is a =
key=20
starting point. If you aren't managing your business as well as=20
<STRONG><U>you</U></STRONG> could be, are you doing it and yourself a =
serious=20
disservice?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Don't be daunted by this or think you =
need to=20
generate reams of paper to carry this out. Simple plans and target / =
goal=20
setting&nbsp;is very effective and allows you to formulate strategies=20
to&nbsp;move forward.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Remember shuffling&nbsp; (small steps) =
are still=20
moving ahead, get started..... then pick up the pace.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>As for the bankers comments, I know =
this isn't a=20
general view as we are often sought out for assistance by banks and =
financial=20
advisors. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>I wonder what bankers failed at before =
they became=20
bankers (<STRONG><EM>very</EM></STRONG> tongue in cheek).</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Rick Jordan.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Horizon Farming Pty Ltd<BR>Mount =
Gambier=20
SA.<BR></FONT></DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dtrobbins@westvic.com.au =
href=3D"mailto:trobbins@westvic.com.au">Tanya=20
  Robbins</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dvicdairy-l@unimelb.edu.au=20
  href=3D"mailto:vicdairy-l@unimelb.edu.au">Vicdairy-L</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February 25, =
2006 4:15=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Farm Business =
Planning</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>I was lying in bed last night =
thinking about tax=20
  , as you do............. and also about goals etc .</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I suppose setting clear goals and =
writing them=20
  down is vital to the success of your farm &nbsp;business.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I now know goals need to be =
SMART</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial =
size=3D2><STRONG>S</STRONG>pecific</FONT></DIV>
  <DIV><FONT face=3DArial =
size=3D2><STRONG>M</STRONG>easurable</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2><STRONG>A</STRONG>greed</FONT></DIV>
  <DIV><FONT face=3DArial =
size=3D2><STRONG>R</STRONG>ealistic</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2><STRONG>T</STRONG>ime =
Constrained</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I also know that if&nbsp;my goals =
aren't specific=20
  , measurable , or time constrained then I won't be able to answer yes =
to this=20
  question .</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Who has been through this process and =
found it to=20
  work well etc......?</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I sometimes wonder if I could use the =
services of=20
  a good farm&nbsp;advisor but my banker said it was a standing joke at =
the bank=20
  that most farm advisors are failed farmers themselves.......This is =
coming=20
  straight from the horses mouth . Hmmmmm...</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>At present I'm getting some great =
help from=20
  people at the DPI </FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Shawn Robbins</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2>Boorcan</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2>West =
Vic</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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