PrincipleFocus | Principle Focus | Farmers: Farm Health Check

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Grain Marketing Workshop Dubbo: 21 September 2010, Robert Herrmann Ag Concepts 12-13 OCTOBER WEALTHFOCUS COURSE, DUBBO. Presenters: Peter Koulizos-The Property Professor; Alan Hull-Active Investing; Terry Powell-General Manager PrincipleFocus Private Wealth; Howard Cole - Investment Consultant to PrincipleFocus & Private Investor

This is a simple self-assessment of the vital signs of your business to help you diagnose where maximum benefits can be gained.

1	I have active interests outside of work	True	False
2	I don't feel overly stressed or worried at present	True	False
3	I am proud of what I do for a living	True	False
4	I sleep easily at night	True	False
5	I feel that I am in control of my future	True	False
6	I regularly prepare forecasts and 'what if' scenarios	True	False
7	I have a projected cash budget and profit plan	True	False
8	I have policies that reduce the risks in my business	True	False
9	My decision-making process is clear during a crisis	True	False
10	My grazing system encourages desirable pasture species	True	False
11	I understand the 3 phases of plant growth	True	False
12	I calculate a feed budget vs animal requirements	True	False
13	My stocking rate is adjusted to match carrying capacity	True	False
14	I use a grazing plan and monitoring chart	True	False
15	I understand and apply low stress stockmanship	True	False
16	My bank manager understands my business	True	False
17	I provide regular reports to my bank manager	True	False
18	I receive timely advice from my professional advisors	True	False
19	I understand my business structure and the tax implications	True	False
20	I know I have negotiated the best service available	True	False
21	My will was updated within the last 2 years	True	False
22	I have consulted with succession planning specialists	True	False
23	We have regular and constructive family meetings	True	False
24	I treat ownership separately to management of assets	True	False
25	My family has a written estate and succession plan	True	False
26	I know where I am heading	True	False
27	I have a written vision for me and my business	True	False
28	I can make decisions quickly	True	False
29	I manage my time effectively	True	False
30	I am confident in what I can achieve	True	False
31	My enterprises are well suited to variable rainfall	True	False
32	My production cycle is in harmony with the natural cycles of my landscape	True	False
33	I regularly monitor the biological state of my landscape	True	False
34	I aim to achieve and maintain set ground-cover targets	True	False
35	I have a low input farming system	True	False
36	I regularly discuss financial management with my team	True	False
37	I know what key ratios drive my business' performance	True	False
38	My book-keeping system gives me reliable information	True	False
39	I know how my business is performing compared to others	True	False
40	I know the break-even point of my business	True	False
41	I know the cost of production for each enterprise	True	False
42	I calculate gross margin budgets for each enterprise	True	False
43	I have a written marketing plan for my products	True	False
44	I have price targets for each enterprise	True	False
45	I am able to perform a sensitivity analysis for my products	True	False
46	My farming system enhances the ecology of my landscape	True	False
47	I understand water, energy and mineral cycles	True	False
48	I know how to use animal impact , rest and living organisms as management tools	True	False
49	My farming system allows for adequate rest and recovery of ecosystem processes	True	False
50	I have several monitoring sites located around the farm	True	False
51	There is very little run-off and no wind erosion on our farm	True	False
52	Organic matter is increasing in my soils	True	False
53	I can monitor the soils biology and its activity	True	False
54	My production system is not dependent on fossil fuel inputs	True	False
55	I maintain permanent ground-cover and soil litter levels	True	False
56	I regularly monitor crop health using a Brix test	True	False
57	My crop management focuses on building soil biology	True	False
58	I regularly monitor soil composition	True	False
59	I can monitor crop water use and losses	True	False
60	Tillage is used only to plant a crop	True	False
61	I maintain biodiversity with rotations and companion planting and polyculture	True	False
62	My family think I have a good work/life balance	True	False
63	My family and staff have clarified their goals and ambitions	True	False
64	People in my business have defined roles &responsibilities	True	False
65	I feel comfortable delegating to family &staff	True	False
66	I develop business strategies with a management team	True	False

To recieve your FREE Farm Business Health Check Results, please fill out the form below.

Full Name:
Address:
Phone Number:
Email Address:

Grain Marketing
Workshop

NSW

Dubbo: 21 September

[For More Info Click Here]

2010

NSW

Dubbo: 12-13 October

VIC

Geelong: 9-10 November

PrincipleFocus

Phone: 1800 631 695 Email: info@principlefocus.com.au

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