There’s an old saying that life doesn’t always go according to plan. Business certainly doesn’t. You can have your goals written down, your budget prepared and a pretty good idea of where you want the business to be in 12 months, five years or even ten years. Then it doesn’t rain. Prices move. Interest rates…
For many business owners, the response often begins with practical reasons: to support the family, grow the business or create financial security. But beneath those answers lies something even more important, your WHY. Your WHY is the reason behind every decision you make. It’s the foundation of your business, your family and your future. When…
If you’re like many business owners, you probably started the year with good intentions. Then the season changed, priorities shifted, unexpected challenges emerged and those goals were quietly pushed aside. Now is one of the best times to pause, reflect and make sure you’re still heading in the direction you want to go. And if…
When most business owners think about succession planning, they picture retirement. A gradual handover. A sale. A transition to the next generation. It’s the version we prefer to imagine, structured, intentional and on our terms. This is planned succession. Planned succession is about choice. It forms part of your long-term strategy and forces you to…
Recent announcements around new drought hardship loans will provide welcome relief for many farming businesses under pressure. There’s no question, support like this matters. When seasons tighten, cash flow becomes strained, and decision-making gets harder. Having access to funding can stabilise operations, keep things moving, and buy time. But it’s important to recognise what these…
There may be times when you add up all of your debt or look at your credit card statement and worry about how to manage your debt position. After such a long period of being in a low interest rate environment, the recent interest rate increases announced by the Reserve Bank of Australia may have…
Risk management is important and it needs to be part of your farming business planning. If you were unable to work in your business, due to an illness or as a result of a farming accident, the question is: Would you be able to manage your everyday living expenses or maintain your business operations? We…
As most of our clients know, Dibbo uses the power of P2PAgri software to underpin the management and financial analyses behind our reports. Tune in to “Your Farm Business Podcast” to hear P2P’s developer, Mike Krause, as he interviews Dibbo around how this works in episode 6 – Farm business info: Easier & more powerful.…
What started out six years ago as a monthly get together, held over lunch at the pub or breakfast in the office, has now morphed into a valuable fellowship for more than 20 people. What we have learnt along the way is a lot different from what we expected, and so much more valuable.
One thing is certain… circumstances will change. Running a rural or agricultural business often means that family, business and personal matters are closely intertwined, and as the business transitions from one generation to the next, change is inevitable. Things won’t always go smoothly, and change can increase the likelihood of conflict, but don’t let it…