TABS Resources 
Managing a Farm Business  02/01/05 8:55:20 AM Printer Friendly VersionPrinter Friendly Version

1. Plan for a profit. If you don't plan for it, you won't achieve it.

2. Cash Flow -- budget before you act.

3. Manage pennies first, then the dollars will take care of themselves.

4. If you are not paying taxes, you are not making a profit.

5. Have written goals to direct your career.

6. Manage your farm -- don't let it manage you.

7. Good records take the "gut feeling" out of your decision making.

8. Pay yourself first with a long term consistent retirement plan.

9. Have safety nets in place to protect your gains.

10. Have a current business plan in place to direct your business.
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