This kickoff article is designed to provoke thought, present perspectives, and provide management and financial “brain darts” that can be utilized in your business, family, and personal life regardless of size, enterprise, or stage of your business. Perspectives will be introduced based upon my observations and interaction with producers, lenders, agribusinesses, and thought leaders in the agricultural industry. Let’s begin the series with discussion about business management through the economic cycles.
While our parents and grandparents have managed their businesses through cycles in the past, the economic cycles of the future will be more extreme in the peaks and valleys. This will create more opportunity for proactive managers; however, it will create an increased probability of failure for reactive or complacent business persons. [Read more…]