FREEDOM FARMER BLOG

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Are These Generational Patterns Affecting Your Farm’s Profitability? investment strategies mindset succession wealth creation Jun 13, 2024

I want to reflect on something that was recently discussed in one of our monthly ‘Business Q&A’ webinars for our Platinum Mastermind members. 

 

In a client case study, a farming business had based their equipment finance decisions on something their Grandad always told...

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The 4 States of Competence Every Farmer Should Know budgeting farm accounting financial analysis financial literacy personal development May 31, 2024

As you have probably heard, knowing your numbers is key to making great decisions, seizing opportunities, and feeling in control of your business. In my role as a coach, I often see a lot of fear and overwhelm in this area, triggering negative emotions just at the thought of dealing with...

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Avoid These Common Mistakes… benchmarking budgeting farm accounting financial analysis financial literacy kpis profitability May 16, 2024

At school we were taught we always need to have the right answer. 
 
We are rewarded for being right. 
 
In business, it helps if we are right more than we are wrong… 
 
However, if we hold onto always being right, we can get stuck which can constrain our...

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The 7 Reasons That You Are Lacking Cash in Your Farm Business benchmarking financial literacy kpis profitability wealth creation May 09, 2024

The last 18 months have seen many agricultural commodity prices fall significantly; input prices continue to increase, plant and equipment prices skyrocket and interest rates experience 13 consecutive rate rises.  

In combination, these lower commodity prices, higher costs, and rising...

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The 3 Keys to a Profitable, Scalable Farm Business Model benchmarking business growth farm expansion profitability scalability May 02, 2024

We have all heard the term ‘Work Smarter, Not Harder”. 
 
Well, today’s blog is all about that principle. 
 
Finding a profitable, scalable business model and continuously working on improving it is a key skill for any farm business owner and it trumps hard work...

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The Diversification Myth… benchmarking financial analysis financial literacy kpis profitability resource optimisation Apr 25, 2024

In today’s blog, we won’t be exploring something new… 
 
Instead, I want you to forget something that you may have heard time and time again as a farm owner. 
 
It’s possible that this may have even informed many of the decisions that you have made around...

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Easy to Do, Easy Not to Do… above the line below the line decision-making kpis mindset performance metrics personal development profitability the slight edge top producers program workflow optimisation Apr 18, 2024

Your current results in life & business are the culmination of the simple disciplines and habits you have curated up to this point…  

…if you are not happy with your results then it’s time to drill into your habits, let me explain.  

The first time I...

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Be Proactive - You Only Have 20-30 Seasons as a Farm Owner business success entrepreneurship failure rate farm business financial modeling profit optimisation strategic bets Apr 11, 2024

Here is a great post from our CEO, Sam Johnsson. 
 
One of the secrets of world-leading entrepreneurs is they know that to succeed faster in business, they need to increase their rate of failure. 
 
The leading entrepreneurs make strategic bets about the future, quickly test...

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Building Trust: 11 Key Behaviours communication skills human resources leadership organisation skills trust recruitment team building workflow optimisation Apr 04, 2024

In Patrick Lencioni's "The Five Dysfunctions of a Team," trust emerges as the cornerstone of a successful team dynamic. 

 

Lencioni defines trust as the confidence team members have in each other's intentions, where there's no need for caution or defensiveness within the group. 

...

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Navigating the Dip: Transform Your Farming Business benchmarking business growth data analysis decision-making farm efficiency farm expansion financial planning infrastructure management investment strategies kpis off-farm investments performance metrics profitability resource allocation scalability strategic scaling top producers wealth creation workflow optimisation Mar 27, 2024

To ascend to the next level in your business, one must often brave the dip - a temporary decline in short-term revenue or profit for the promise of long-term growth and prosperity. 

Investing strategically during these dips can be the catalyst for exponential growth. Consider allocating...

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A Very Useful Checklist to Achieve Money Mastery budgeting farm accounting farm financial framework financial analysis financial literacy financial planning Mar 21, 2024

Below is a handy checklist to help you achieve Money Mastery. 

 

Before then, as the deadline approaches, we wanted to remind you that today marks the final opportunity to enrol in our Farm Financial Framework Program. 

 

By using the code BUDGET, you can avail yourself of a...

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Unleashing the Hawthorne Effect: Harnessing Human Psychology for Business Success on Australian Farms communication skills human resources leadership recruitment team building Mar 14, 2024

In the realm of business, understanding human behaviour isn't just a nice-to-have skill—it's a strategic advantage. Among the many psychological phenomena that shape our interactions, the Hawthorne Effect stands out as a powerful force. Named after a series of studies conducted at the...

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