We had to make some hard decisions this week due to finances. With that in mind and talking to a couple of people recently that have not had a good grasp on finances I think we should talk about them.
One of the biggest hiccups I run into with people is a lack of understanding of basic finances. Or how to move that basic understanding into project planning. It isn’t hard, but if you don’t know how then you don’t know.
In this episode we cover some finance basics, then I move into planning for pigs to show the points I took into consideration for costs and how to cover those. Then to forecast future expenses so you know if you will make a profit, or when you might.
These skills are essential to longterm success in any endeavor, and just takes a tweak to your thinking. This is one of my favorite topics so I hope you enjoy it as much as me, or at least learn something from it.