Do you have a sheep and beef farm business or a job?

Posted by Brendon Walsh on 30 November 2015

It is incredible to think that many of our sheep and beef farm business owners own multi-million dollar businesses yet treat them like a self-employed or employed situation. Why do I say that? Two reasons – firstly, many scrape just enough to live on and over time, farm business results have shown this to be the case. Unfortunately this can become a habit of thought. “At least I am working for myself” is often the justification. Secondly, the words used are an indication of the thinking behind them. See above but I also hear things like “(Sigh) oh well, I’m in it for the lifestyle”, “This is my policy”, “You've got to work hard to make it in this game” and “How can I make more income?” This type of thinking is definitely not Business Owner Thinking. Great business owners use words like “This is where we are heading so what can we learn to make it happen?”, “We must leverage ourselves well to ensure we get to where we want to go,” and “how can we generate and receive better profits for our efforts to help us get to where we want to go?”

Now, I know not all farmers operate as self-employed or employee thinkers but those who don’t are definitely a minority. There’s nothing wrong with being a self-employed person or an employee however it is a problem when you own a multi-million dollar business. It is a whole new mindset and way of operating but it pays off handsomely once farmers understand it and do what it takes. Where do sheep and beef farmers learn how to be good business owners? How can they not only learn it well but get a turnaround in results in a relatively short time frame?

Getting a good mentor can be a great help so if nothing else, I suggest farmers do it. However know this: it takes a systemised process over time to be a good business owner but the time frame needn’t be years. In fact it can be quite quick and actually doing it is more important that the time frame.

One GrowFARM® client who is 10 months into his time with GrowFARM® recently told me that he would travel the country to get access to the stuff he is learning and to be in this environment. He doesn’t have to of course but he chooses to get to other GrowFARM® Regional Mastermind Meetings outside of his own area. He also loves getting alongside Rural Professionals who are on this same wavelength. It does help that he is conservatively forecasting to deliver 4X the spare cash from his farm business this financial year, compared to normal years!

If you are curious about how the GrowFARM® System can help sheep and beef farmers generate the profits they really want, contact me here.