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Farm Business Overview Fact Sheet

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Maintaining a sound business management discipline of measuring business performance, using this information for planning and then learning from each year's results, will ensure a healthy and sustainable business... When managing any business, it is good to have both of the following concepts in mind: 1... Regularly monitoring business performance by evaluating indicators of profit, cash flow, net worth, equity and return on capital is the only way of knowing whether failure is only days away, or whether there is capacity to expand and continually improve aspects of the business...