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It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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Episode 19 - How much is enough
Archived series ("Inactive feed" status)
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This feed was archived on May 26, 2022 17:28 (
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 223445544 series 2362014
Content provided by Farm Owners Academy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Farm Owners Academy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How much do you need to achieve financial independence?
Do you have this written down?
Have you completed a capital allocation plan to map out what you need to make in order to reach your goals?
Do you pay yourself the recommended salary of $115k per annum? Is this being paid before you calculate your net profit?
Do you know your return on asset ratio? Do you know why this is important?
Is your farm operating consistently at a 30% net profit figure, after paying yourself the $115k wage? Are you aware it’s very hard to run a business if your farm is not generating these returns.
Do you have an investment plan to reach financial freedom? Do you know what return you need from these off-farm investments to reach your goals?
These are just some of the things we discuss in today’s podcast.
If you have a goal to reach financial freedom, then this podcast is for you.
Please share this with other farmers.
Andrew
PS - If you are ready to Take Control of your financial situation and make change, email us at support@farmownersacademy.com and we will send you some more information about our signature program – Take Control.
95 episodes
Share
Archived series ("Inactive feed" status)
When?
This feed was archived on May 26, 2022 17:28 (
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 223445544 series 2362014
Content provided by Farm Owners Academy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Farm Owners Academy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How much do you need to achieve financial independence?
Do you have this written down?
Have you completed a capital allocation plan to map out what you need to make in order to reach your goals?
Do you pay yourself the recommended salary of $115k per annum? Is this being paid before you calculate your net profit?
Do you know your return on asset ratio? Do you know why this is important?
Is your farm operating consistently at a 30% net profit figure, after paying yourself the $115k wage? Are you aware it’s very hard to run a business if your farm is not generating these returns.
Do you have an investment plan to reach financial freedom? Do you know what return you need from these off-farm investments to reach your goals?
These are just some of the things we discuss in today’s podcast.
If you have a goal to reach financial freedom, then this podcast is for you.
Please share this with other farmers.
Andrew
PS - If you are ready to Take Control of your financial situation and make change, email us at support@farmownersacademy.com and we will send you some more information about our signature program – Take Control.
95 episodes
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Similar to Profitable Farmer
The Michael Caz Podcast brings you the latest in health, business, relationship, and adventure.
…
continue reading
Each weekday, Marketplace’s Kai Ryssdal and Kimberly Adams make today make sense. Along with our supersmart listeners, we break down happenings in tech, the economy and culture. Every Tuesday we bring on a guest to dive deeper into one important topic. Because none of us is as smart as all of us.
…
continue reading
It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
…
continue reading
Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.
…
continue reading
The most innovative people in the world of small business go one-on-one each week with marketing expert Tim Reid. In this award winning podcast; business owners share where their original business idea came from, how they got it to market and the strategies they used that led to their business’s unprecedented growth. Host Timbo Reid’s curiosity for what makes business owners tick and his passion for small business success means that every episode is chock full of marketing gold that will hel ...
…
continue reading
The Moneycontrol Podcast is your daily source of business news, investment analysis and advice on stocks and the markets. Tune in to broaden your horizons with podcasts by journalists, experts and analysts giving you a head-start in the investment game.
…
continue reading
Is it best that our food is Local and Organic or Big and Conventional? Our view is “Both, and..” We don’t come to the table with a bias, except that good farming like good food comes in all shapes and sizes. Farm to Table Talk explores issues and the growing interest in the story of how and where the food on our tables is produced, processed and marketed. The host, Rodger Wasson is a food and agriculture veteran. Although he was the first of his family to leave the grain and livestock farm a ...
…
continue reading
DISQO’s podcast features the brightest minds fueling product teams. Subscribe to learn how product management and strategy are being driven by putting customer experience (CX) front and center. Learn more and subscribe at tipm.feedbackloop.com
…
continue reading
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