You have worked hard to build your business and its time to start looking at how you can make sure the business thrives well into the future.  The Dollars and Sense study identified that Canada’s top 25% producers are following this recipe for success:

  • Never stop learning
  • Keep finances up to date to help make business decisions
  • Seek the help of advisors/consultants
  • Write down your business plan, follow it, and review it annually
  • Know your cost of production and what it means for their profits
  • Conduct a risk assessment and manage risks
  • Develop a budget and financial plan

What are you currently doing? What else could you be doing to help your farm get ahead? Check out our resources to continue to learn and grow.