Posts by Flourish Online
What’s the best computer setup for your farm business?
Looking to upgrade or improve your farm business computer? What are the alternatives and what do you need to think about? Everyone has there own preferences, but let’s run through a few options. I am not going to talk gigabytes and ram, mostly because I don’t understand them and also because the data and speed…
Read MoreManaging Interest Costs with Good Cash Management
Interest rates are at the lowest point on record, however for many businesses, cash could well be close to the lowest point on record too. Just a little reminder about interest costs with a few examples of how managing cash can reduce your overall interest cost. In these examples we assume an overdraft interest rate…
Read MoreAccount Categories
Account categories, also known as the chart of accounts are the categories we sort our income and expenditure as well as assets and liabilities into. At the beginning of the financial year it is a good exercise to review them to see if they are fit for purpose. It’s a bit like a goldilocks scenario.…
Read MoreCrop Insurance – Time to review your strategy?
It is a pretty typical practice to develop a strategy position on crop insurance. Some people fully insure all crops every year. Some people always partially insure, perhaps choosing only some paddocks or some crop types or under insuring their maximum yield or price. Some never insure, in effect self-insuring, the money saved in premiums…
Read MoreBuilding Slack into Systems – AKA whatever can go wrong, does go wrong
The more variables at play, the more chances of things not going exactly to plan. So what does this mean for our farm businesses? What adjustments and preparations can we make? In the yards – Allow more time for stockwork, it’s always going to take longer than you think. Always pack the marking gear in…
Read MoreSort out your office in just 10 minutes
Let’ do a quick 10 minute clean out of the office. It’s not Marie Condo – if we asked “does this spark joy” there would be little left in this room. For this cleanout you need a bin bag, a washing basket and a sturdy cardboard or plastic box. Start your timer. Rubbish goes in…
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