3 min read
The Four Cent Merchandising Challenge: Where Can Your Elevator Find Four More Cents?
What could four cents change at your elevator? When you look at what actually reaches the bottom line, the answer might surprise you.
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3 min read
What could four cents change at your elevator? When you look at what actually reaches the bottom line, the answer might surprise you.
Read More
2 min read
Why the Fixed Charge Coverage Ratio Matters in the Grain Industry
Have reliable monthly numbers from a repeatable process Understand what is important on your financial statements Create and revise your grain/cash...
1 min read
The process of Mark-to-Market accounting for Canadian grain elevators basically looks like this: Develop the routine of tracking data on the six...
3 min read
Historical business truths typically come from very simple concepts. “Price is what you pay. Value is what you get” (Warren Buffet). “A penny saved...
2 min read
How much unrealized profit or loss do you want to pick up on your financial statements? The answer to this question determines the method grain...
1 min read
Producing financial statements monthly is the best way to monitor the progress of your business. Monthly statements that include a Balance Sheet and...
2 min read
The end of summer brings thoughts of planning and profitability. Grain companies that buy grain from producers and sell it immediately to users of...
1 min read
The first step is to eliminate break even from the discussion, no grain company is in business to break-even. Decide on a profit target and this...
1 min read
Financial dashboards are an efficient way to integrate long term goals into your monthly management process. The most effective dashboards have...