Holding Fast--Building Forward: Independence Day
04/29/2021
Begin with the end in mind. Develop your vision and mission to be independent, to be able to do the right things in the right way with your own resources, without mandate or coercion.
Independence…..What does it mean? What did it once mean? What will it mean to you in the future?
Throughout my life and business career, I’ve read a lot of articles and books and listened to a lot of speakers provide insights and suggestions on ways and means to manage and grow our businesses. A lot of what I’ve experienced works for our personal lives as well as for our business.
In my last post, I posted my thoughts on some steps to take to build the foundation for a successful business and a successful life. Disclaimer: I oftentimes need to practice what I preach. Nothing’s easy and Murphy’s Law has not been repealed.
How do we go about building on that foundation? Slowly, methodically, like a well-oiled machine.
Don’t forget the past and any mistakes or missteps, but don’t dwell on them either. Learn from them and move forward, deliberately.
“Move Forward Deliberately”
Assess your present situation clearly and with all bias and preconceived notions wiped away. I’ve often thought that it would be good if we had no memory at all of things past. We’d free ourselves of guilt trips and the “woulda’ coulda’ shoulda’” burdens we all bear.
Commit to a financial review and to build a financial analysis system that gives you real-time information on a consistently prepared schedule. Without this consistency, all you have is data that doesn’t help you in any meaningful way.
The business aspects of agriculture – like any industry, trade or profession – are equally important as the production aspects.
The larger the scale and scope of your enterprise, or of multiple enterprises – especially if there are multiple enterprises – the more important the business office function becomes. Daily attention to the business office activities is equal to the barn or field function.
The utilization of consultants from various disciplines on an as-needed basis can be a monumental help to maintaining on the path to financial success and freedom. You’re using them often on the production activities without possibly realizing it. Veterinarians, feed dealers, crop and soil consultants, foresters, mechanics, appraisers, equipment analysts – you may view all of these functions simply as paid services. But, they are being paid for their expertise and, although they may be paid for a product or service, you’re purchasing their expertise. Why not utilize the expertise and abilities of a business and financial professional to help develop and analyze a sound financial profile? Just as your CPA can be more than a once-a-year tax preparer, the engagement of a seasoned business and financial analyst can be valuable addition to your management meeting roundtable, helping you to ferret out meaningful information on a real-time basis for nimble and profitable decision-making.
Financial Resiliency – Build it from the ground up. Be deliberate. Seek independence.
Pete Weisenberger
Weisenberger Agricultural Services, LLC
pete.weis0956@gmail.com
Begin with the end in mind. Develop your vision and mission to be independent, to be able to do the right things in the right way with your own resources, without mandate or coercion.
Independence…..What does it mean? What did it once mean? What will it mean to you in the future?
Throughout my life and business career, I’ve read a lot of articles and books and listened to a lot of speakers provide insights and suggestions on ways and means to manage and grow our businesses. A lot of what I’ve experienced works for our personal lives as well as for our business.
In my last post, I posted my thoughts on some steps to take to build the foundation for a successful business and a successful life. Disclaimer: I oftentimes need to practice what I preach. Nothing’s easy and Murphy’s Law has not been repealed.
How do we go about building on that foundation? Slowly, methodically, like a well-oiled machine.
Don’t forget the past and any mistakes or missteps, but don’t dwell on them either. Learn from them and move forward, deliberately.
“Move Forward Deliberately”
Assess your present situation clearly and with all bias and preconceived notions wiped away. I’ve often thought that it would be good if we had no memory at all of things past. We’d free ourselves of guilt trips and the “woulda’ coulda’ shoulda’” burdens we all bear.
Commit to a financial review and to build a financial analysis system that gives you real-time information on a consistently prepared schedule. Without this consistency, all you have is data that doesn’t help you in any meaningful way.
The business aspects of agriculture – like any industry, trade or profession – are equally important as the production aspects.
The larger the scale and scope of your enterprise, or of multiple enterprises – especially if there are multiple enterprises – the more important the business office function becomes. Daily attention to the business office activities is equal to the barn or field function.
The utilization of consultants from various disciplines on an as-needed basis can be a monumental help to maintaining on the path to financial success and freedom. You’re using them often on the production activities without possibly realizing it. Veterinarians, feed dealers, crop and soil consultants, foresters, mechanics, appraisers, equipment analysts – you may view all of these functions simply as paid services. But, they are being paid for their expertise and, although they may be paid for a product or service, you’re purchasing their expertise. Why not utilize the expertise and abilities of a business and financial professional to help develop and analyze a sound financial profile? Just as your CPA can be more than a once-a-year tax preparer, the engagement of a seasoned business and financial analyst can be valuable addition to your management meeting roundtable, helping you to ferret out meaningful information on a real-time basis for nimble and profitable decision-making.
Financial Resiliency – Build it from the ground up. Be deliberate. Seek independence.
Pete Weisenberger
Weisenberger Agricultural Services, LLC
pete.weis0956@gmail.com
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