The article linked below echoes a message I’ve been screaming through my Cost-Saving Best Practice Farm Business Ideas articles (like THIS one – click to view) for over a decade, to my Farm CEO target audience
That’s why my Custom Spreadsheet software are designed to auto-compute and report, in tabular as well as charted format, commonly used KPIs for farm businesses they are built for e.g the Excel-VB Poultry Farm Manager, and the Excel-VB Catfish Farm Business Manager.
KPIs are crucial tools for monitoring the performance of a business in operational as well as financial terms – and EVERY Farm CEO needs to make smart use of them, to be sure s/he achieves efficiency and profitability repeatedly and consistently.
Without KPIs, you would effectively be working blind – which means you would have no means of accurately determining whether your business is doing well or not, in a reliable and sustainable manner. Definitely not a smart thing to do.
Now, even though this article uses Pig farming as the basis for discussion, the insights it offers can be successfully applied to other livestock farming enterprises. And that’s why I’ve chosen to share it here.
Hope you enjoy reading it.
Tayo
PS: I’m preparing to produce a new Audio Podcast Training (APT) Series designed to educate Farm CEOs about How to develop and use Key Performance Indicators (KPIs) for records management. It will come with PDF tip sheets and spreadsheets loaded with ready-to-use report generation formats for the KPIs discussed. This is to help those of you who may wish to adopt these powerful tools, but do not know how to go about it. Click here to join my list so you get notified in your email once it goes LIVE.
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The importance of key performance indicators for profitability
Research and development into many areas of commercial pig production has fuelled improvements in productivity and output. Yet, it is still questionable if profitability on farm is increasing, or even being maintained, in-line with these advancements.
Industry experts advise that remaining profitable is imperative, and the way to monitor this is through key performance indicators, which ensures a unit is reaching its full potential through maximum production efficiencies.
Posted on 27 September 2017
Tags: Recommended, The importance of key performance indicators for profitability
About the Author
Tayo K. Solagbade is a Location Independent Performance Improvement Specialist and Multipreneur (i.e. a highly versatile/multi-skilled entrepreneur), with a bias for delivering Best Practice solutions to Farm Businesses and others.
Since 2002, he has earned multiple streams of income providing individuals and organisations with personal development training and coaching, custom MS Excel-VB solutions, web marketing systems, freelance writing services, and best practice extension support services (for farm business owners).
Tayo is the author of the Self-Development (SD) Bible™, the popular Livestock Feed Formulation Handbook, and developer of its accompanying Excel-VB driven Ration Formulator - as well as the increasingly popular Monthly Poultry Farm Manager app.
On 1st April 2013, Tayo (who reads, writes and speaks the French language) relocated to Cotonou, in the French Speaking Benin Republic on the first lap of his slow travels across the West African region. His key purpose is to deliver talks, seminars and workshops on his key areas of focus and interest to interested audiences (Email tayo at tksola dot com for details).
When he's not amazing clients with his superhuman skills (wink), Tayo works as the creative force behind his Daily Self-Development Nuggets blog - on which he also publishes previews of paid issues of The Farm CEO™ Newspaper (www.thefarmceo.net), in addition to his FREE Weekly Public Speaking/Web Marketing IDEAS newsletter - which he uses to promote Burt Dubin's Public Speaking Mentoring service to experts across the African continent.
Visit Tayo's Flagship Performance Improvement website to download over 10 performance improvement resources to boost your personal and work related productivity.
Join Tayo's international community of fans on his Flagship MS Excel Heaven Facebook page (click here). You can also connect with him via Twitter (@tksola).
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