It’s not usually the lack of assets in a business that causes it to fail
For a business, it’s usually the lack of a healthy cash flow
– and for an individual it’s not usually that they’ve got nothing to offer –
it’s the lack of refreshment that wears out and brings down.
So the wise thing’s to focus attention on making it FLOW!
With farm business planning being disrupted by the falling price of beef and lamb, and by the standstills caused by bTB and Ministry movement restrictions, we’re all painfully aware of needing cash to flow.
You’ve got to keep cash coming in to keep on going
The cash keeps flowing out, the pot keeps getting drained and you’ve got to keep having something to sell to stay clear of the bottom of the pot.
In the same way, every day, we can be
personally giving out far more than we are taking in, so there’s always a need
to go back to the dipstick daily and check on your personal ‘tank’!
We need some sort of personal ‘top up’ pretty much every day
– but who are you going to call to make sure you stay on top of that?
So topping up is the key to keeping going, for farms and for farmers, both alike.
For farm cash flow planning help, go somewhere like this website here:
Blessed is the one
who does not walk in step
with the wicked
or stand in the way that sinners take
or sit in the company of mockers,
2 but whose delight is in the law of the Lord,
and who meditates on his law day and night.
3 That person is like a tree