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A Growing Agribusiness

December 15, 2009, 1


A growing agribusiness should generate three sources of income—profit, equity and satisfaction. The objective of every business owner must be to maximize these rewards. To do so, an owner must aspire to the five Gs:

  • Grow equity, which is the foundation for permanence, rather than income.
  • Groom tomorrow’s leaders today, rather than develop obedient managers.
  • Generate capital improvements for long-term success, rather than spend today at tomorrow’s expense.   
  • Gather assets for a retirement option, rather than drain capital assets from the business.
  • Guarantee continuance of your operation against any personal and/or financial calamity.
 
More for Agripreneurs:

·         Register for AgConnect – Join us in Orlando – January 12th through 15th

·         Business Plan Self-Assessment – on Legacy-by-Design.com

·         Navigate the Road Ahead – Implement & Tractor – January 2009

 

 

 

 

 

 

 

 

 

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