Home Tax & Management Managing for Profit

Managing for Profit

Managing for profit made easy: discover strategies for cutting costs, improving productivity, and increasing farm profitability.

Are you aware of the Pygmalion and Golem effects? Not? They are crucial concepts vital to your success as a manager and your employees’ performance, writes Peter Hughes.
In his quest to learn more about the many artificial intelligence tools available, Peter Hughes tested one of these platforms with questions he knew the answers to. And the results...
I shudder when I hear someone say, ‘If it’s not broken, don’t fix it.’ It’s an excuse for sloth and would have caused Murphy to have a heart attack, writes...
Selling and marketing are entirely different jobs. The seller thinks short term, while the marketer has the long term in mind. Farmers need to think like marketers, writes Peter Hughes.
Micromanagers have certain common personality traits and characteristics. Get to know yourself well enough to avoid developing this bad management habit.
You can add value with product differentiation, and it’s possible with every product under the sun. Don’t be discouraged by naysayers, writes Peter Hughes.
Whether you are a small, medium, or large farmer, you can differentiate your products and your business. Obliterate from your mind the myth that differentiation is only possible for some...
Marketing is not a ‘shoot-from-the-hip’ activity. It needs expert management, and many farmers are not good at it. But upgrading your skill in this area is crucial to the success...
Hard skills are the bedrock of successful business, but soft skills are what create winning teams, motivate people and build profitable businesses. How well are you doing with them?
Micromanagement is seriously detrimental to any company, manager and employee. Beware of it creeping into your management style, says Peter Hughes.
Understand the role of humour in your success because even in the most difficult of times, a smile or a laugh goes a long way toward making everyone feel better.
Many of us believe that government is tardy on delivering title deeds to applicants, but a quick Internet search will dispel this idea.
The analogies between a good farmer and a good manager abound! Farmers have no excuse for bad management at any level.
Communication is paramount in business, and yet many managers give little thought to its importance. Are you one of those, asks Peter Hughes, or are you giving it the attention...
Managers should do their best to create a work environment where employees truly enjoy their jobs. This isn’t as easy as it sounds! It takes planning and effort to establish...
Outstanding managers are always good communicators, and good communicators are always good listeners, says Peter Hughes.
We all know the expression ‘charity begins at home’, but why then do so many people make a mess of it in their own lives and businesses?
We don’t like thinking or even talking about death, but it’s essential that we prepare our family and business successors for the event. Have you done so?
Accurate job titles provide a professional image and give credibility to customers, suppliers and other stakeholders, even if you are a small owner-managed business, says Peter Hughes.
Does your behaviour throttle and limit your ‘luck factor’, asks Peter Hughes, or does it expose you to opportunities and bring ‘luck’ your way?
ADVERTISEMENT

MUST READS

ADVERTISEMENT
ADVERTISEMENT
Send this to a friend