Managing for Profit

Managing for Profit
Had they done enough? Would the business be in good hands and would they be able to think about their retirement?
Managing employees and managing family are two very different jobs. Have you got the skills for both?
In a monopoly, one seller faces many buyers. In a monopsony, one buyer faces many sellers. Farmers have to deal with both – but there is a solution.

Image matters

Successful people recognise that projecting the right image is the first step towards opening doors and making others sit up and listen.
The social media wave provides an opportunity for agriculture to win hearts and minds.
Although the cellphone opens up a new world of communication, it’s a small part of the ‘e-options’ available these days.
There’s power in social media, yet many businesses consider social networking sites as ‘toys’ of little value.

Unlock the power

The lazy man’s budget is ‘last year plus’ and it’s pretty useless. Here’s how to do it right.

Let there be light

Learn the language of finance and you’ll be able to participate in business at an entirely new level.
Over the past 500 years, accountants seem to have turned the simple task of keeping track of a set of figures into a black art, understood by few.
Being financially illiterate is akin to playing a game without knowing how to keep the score. Who would want to do that?
"You need a set of criteria against which to judge all requests for donations and s system to deal with them."

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Managing for profit by Peter Hughes

Yield and quality determine profits, nothing else!

Costs under your control such as yield and product quality are what determine farming success. Don’t waste time on costs you cannot influence or control.

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