Imagine being a crew member on a yacht, setting sail from Sydney to Hobart during the bustling race day.
 

Now picture this: encountering a cyclone halfway across the Pacific Ocean, much like the dramatic events of the 1998 race.
 

What would you expect from the yacht’s captain in such turbulent moments?
 

Would you anticipate a group discussion to weigh the options?
 

Certainly not. During such times, you yearn for the leader to be decisive.
 

Decision-making stands as a cornerstone of effective business leadership.
 

In the revered book by Napoleon Hill, ‘Think and Grow Rich’, decisiveness is hailed as one of the predominant habits of the affluent. Their knack for swift decision-making is commendable. The book even suggests that making an incorrect decision can be more productive than being indecisive.
 

Hesitation breeds procrastination, culminating in an overwhelming pile of tasks, leading to increased stress and sleepless nights. Once a decision is settled upon, it liberates your mind, paving the way for subsequent choices.
 

During challenging times, your decisions should be bolder and imbued with confidence.
 

Drawing from the earlier yacht scenario, you’d want the captain to exude calmness, instill confidence in the crew that they can weather the storm, and decisively instruct the team.
 

A remarkable read that delves into intuitive decision-making is ‘BLINK’ by Malcolm Gladwell.
 

Gladwell asserts that we often instinctively know the right decision in a split second. Yet, we tend to overthink, leading to unnecessary delays, dwindling confidence, and escalating stress as tasks accumulate.
 

On my decision-making journey, I often find solace in pondering, “What would Richard Branson decide in this situation?” This mental exercise often guides me towards progressive choices. Moreover, I firmly believe in the mantra that the best defense is a good offense, implying that we occasionally need to exhibit assertiveness in our decisions, propelling the business towards growth and success.
 

Wishing you a decisive week ahead,
 

Andrew Roberts & The Farm Owners Academy team
 

P.S. For those ready to move from being a great farmer to a great business owner, we still have space in our Farm Business Mastery program launching in January 2024. Did you know you can use your Farm Household Allowance towards this program?
Please reply to this email, and we can send you more details. Discover more about the program here

On Wednesday, 29^th of November, our Director of Wellbeing, Tracy Secombe, will be running a free webinar on ‘Beating Burnout & Increasing Resilience.’ 

You can register here.

Tracy has shared the below article on strategies for resolving generational differences in farming businesses …

Farming is more than a profession; it’s a way of life that often spans generations.

This continuity brings with it invaluable wisdom and experience, but it can also lead to generational differences in the way the farm is managed and the business is run.

These differences can pose significant challenges, from communication breakdowns to conflicting visions for the future. However, with the right strategies, bridging these gaps, fostering unity, and making decisions that benefit the farm’s longevity and prosperity are possible.

Challenges Faced by Different Farming Generations:

Differing Perspectives: Each generation brings unique experiences and perspectives to the table. Older generations may lean on traditional methods, while younger generations may be more tech-savvy and open to innovation. These differences can lead to clashes in decision-making.

Communication Breakdown: Effective communication is essential for any successful partnership, but generational differences can lead to misunderstandings, frustration, and even resentment.

Resistance to Change: Older generations may be reluctant to embrace new technologies or farming practices, while younger generations might push for change and modernisation.

Succession Planning: Deciding who will lead the farm and how responsibilities will be transferred can be a delicate and contentious issue, especially when there are different visions for the future.

Strategies for Overcoming Generational Differences:

Open and Respectful Dialogue: Communication is the cornerstone of any successful resolution. Encourage open and respectful conversations where each generation can voice their concerns and ideas. Actively listen to each other’s viewpoints and avoid dismissing them out of hand.

Establish Common Goals: Identify shared objectives for the farm’s future. Whether it’s sustainable practices, profitability, or expanding into new markets, having a clear set of goals can help guide decision-making.

Leverage Each Generation’s Strengths: Recognise and value the strengths of each generation. Younger generations may bring fresh ideas and technical skills, while older generations have the wisdom and experience from years of farming. Combining these strengths can lead to innovation and growth.

Mentoring and Learning: Implement a mentorship program where younger members of the farm can learn from the older generation. This not only passes down valuable knowledge but also fosters a sense of continuity and respect.

Seek Outside Mediation: If disagreements become too entrenched, consider bringing in a neutral third party, such as a farm consultant or mediator. They can provide an objective perspective and help facilitate productive discussions.

Gradual Change and Experimentation: Recognise that change doesn’t have to happen overnight. Implement gradual changes and pilot programs to test new ideas. This approach allows both generations to see the results and adjust their strategies accordingly.

Formalise Succession Planning: Address the issue of succession planning proactively. Create a formal succession plan that outlines roles, responsibilities, and the transition process. Ensure it’s a collaborative effort and that everyone’s expectations are clear.

Resolving generational differences in farming business plans is a challenge, but it’s also an opportunity to blend tradition with innovation and experience with fresh perspectives.

By fostering open communication, recognising each generation’s strengths, and embracing change when necessary, farms can not only survive but thrive in an ever-evolving agricultural landscape. Ultimately, unity among generations can lead to decisions that result in the best outcomes for the business and its long-term success.

Andrew Roberts & The Farm Owners Academy Team

P.S. Tracy is hosting a webinar on ‘Beating Burnout & Increasing Resilience’ on Wednesday, 29th November 2023, and would love to see you there. Click here to register or to find out more!

On Wednesday, 29th of November, our Director of Wellbeing, Tracy Secombe, will be running a free webinar on ‘Beating Burnout & Increasing Resilience.’

You can register here.

Tracy has shared the below article on how you might benefit from a ‘microholiday’…

As an Australian farm owner, you understand that the agricultural industry can be both rewarding and challenging. The current economic climate has introduced additional pressures and uncertainties, making it even more crucial to take care of your well-being.

Amidst the hustle and bustle of farm life and economic fluctuations, there’s a simple yet effective strategy that can help you weather the storm and boost your resilience: microholidays.

What Are Microholidays?

Microholidays are brief, purposeful breaks from the daily farm responsibilities, designed to rejuvenate your physical and mental state. They offer a brief respite from the grind, focusing on quality over quantity to ensure you get the most out of your downtime.

How to Implement Microholidays:

Plan Strategically: In the current economic climate, every moment counts. Plan your microholidays ahead of time, just like any other farm-related task. Allocate specific dates on your calendar and treat them as non-negotiable appointments.

Keep It Cost-Effective: Given the economic pressures, microholidays don’t have to be extravagant or costly. They can be as simple as taking an afternoon off to explore a local hiking trail or having a picnic with loved ones.

Disconnect Thoughtfully: During your microholiday, disconnect from farm-related technology to fully immerse yourself in relaxation. Set boundaries to avoid checking emails or answering work-related calls during this precious time.

Prioritise Self-Care: Use your microholidays to focus on self-care activities that restore your energy and well-being. Whether it’s nurturing a personal hobby, practising mindfulness, or enjoying moments of tranquillity in nature, prioritise activities that rejuvenate you.

Strengthen Bonds: In tough economic times, spending quality time with family and friends can provide emotional support. Building and nurturing these relationships can be a meaningful aspect of your microholidays.

Why Are Microholidays Beneficial for Australian Farm Owners in Today’s Economic Climate?

Stress Reduction: The current economic climate can be stressful for farm owners. Microholidays offer a brief escape from these pressures, helping to reduce stress levels and allowing you to approach challenges with a clearer mind.

Enhanced Mental Health: In uncertain times, regular microholidays can enhance your mental health by providing a break from the farm’s daily routine and fostering relaxation. This can lead to reduced anxiety and an improved overall mood.

Improved Decision-Making: Stepping away from the farm for a short period can lead to better decision-making when you return. You’ll be refreshed, mentally sharper, and better equipped to tackle farm-related challenges efficiently.

Physical Well-Being: Microholidays also benefit your physical health by allowing for much-needed rest and recovery, which is especially important in challenging economic conditions. Over time, this can help prevent burnout-related health issues.

Resilience: By incorporating microholidays into your routine, you’ll strengthen your resilience as a farm owner. You’ll be better prepared to adapt to economic fluctuations, making you more agile and capable of navigating uncertain times.

In the current economic climate, Australian farm owners face unique challenges. However, microholidays can be a valuable tool in nurturing your well-being, reducing burnout, and enhancing your resilience.

By planning and implementing microholidays, you can nurture your own well-being and ensure a sustainable and prosperous future for your farm. Remember, a well-rested and resilient farm owner is better equipped to face the economic ups and downs of the agricultural industry.

Robbo on behalf of Tracy

P.S. Tracy is hosting a webinar on ‘Beating Burnout & Increasing Resilience’ on Wednesday, 29th November 2023, and would love to see you there. Click here to register or to find out more!

On Wednesday, 29^th of November, our Director of Wellbeing, Tracy Secombe, will be running a free webinar on ‘Beating Burnout & Increasing Resilience.’

You can register here.

Tracy has shared the below article on how changing what we believe can help us deal with challenges…

Challenging circumstances are not only a part of life but a necessary part.

It can seem hard to believe, but I have learned that we want the challenges to allow us to become more.

A muscle can’t grow or become stronger if we don’t apply stress to it. In fact, it will shrink and weaken if we don’t use it.

It is the same for us.

You may be familiar with the supplication:

“Lord, grant me the strength to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.”

In other words, “help me react in a helpful way to challenging circumstances.”

Reactions are not only a part of life, but they are also how life works.

Life is essentially a chain reaction. One event causes another event, which causes another, which causes another…. you get the idea!

We can either let this chain reaction occur through default (unconsciously), or we can choose how we are going to react in this chain reaction and potentially shift its projection in the direction we prefer.

If you stop and reflect on the past few months, ask yourself what your common reaction has been to challenging circumstances.

How do you feel?

What do you think?

What do you say?

Who do you say it to?

How do you say it?

What do you do?

What DON’T you do?

This might feel quite confronting, and you may think you can’t do anything about it.

I want to reassure you that you can.

It is possible to learn how to become aware of your habitual reactive patterns to certain triggers and to change the way you respond to them.

It starts with understanding what you believe that causes the reaction. If it is a limiting belief, it will cause a negative reaction, and if it is an empowering belief, it will cause a positive response.

Without doing this work on us, we leave this to our programming, which is based on our history.

Nothing is wrong with repeating the history you enjoyed, but what about the parts you didn’t like?

A belief is just a thought you keep thinking. It has no power over you, and you have the power to change the thought.

It takes discipline and the desire to change.

I promise you it’s worth it!

Robbo on behalf of Tracy

P.S. Tracy is hosting a webinar on ‘Beating Burnout & Increasing Resilience’ on Wednesday, 29th November 2023, and would love to see you there. Click here to register or to find out more!

Cheryl and Tim, two of our esteemed coaches at Farm Owners Academy, have successfully built a farm that operates seamlessly without their constant involvement. As a result, they now travel across Australia to assist other farmers in our Platinum Mastermind program in achieving similar success. 

On their travels, they are regularly asked about what they see is the “secret to success” on the farms that are consistently performing exceptionally well.   

While there is no ‘magic bullet’, they have identified a number of things (small and big) that these farm business owners do consistently that not only keep them at the top of their game but also help to ensure that they are enjoying the journey… which to me is the most important thing! 

Here’s a sample of the things that have stood out to Tim & Cheryl… 

What are the top producers doing? 

• They work on their mindset – maintaining their focus on what they can control and want, rather than in the past or on what they don’t want.  

• They take full responsibility without excuses or blame and genuinely believe that everything is always working out for them … they always look for the silver lining.   
• They have trained themselves to have an abundance mentality around money, time, and opportunities.  
• They have a real passion for their work and are super excited about their long-term vision.  
• They know their numbers and analyse every decision. You can’t be a consistent top producer without this one!  I’ve heard a quote: Money management isn’t everything, but it is a close second to breathing most of the time.   
• They love to learn – they’ve typically completed a huge amount of training programs. 

• They are curious – constantly asking questions about how and why others do what they do. 
• They are implementers – they plan, but then they act.  And often act before they feel they are completely ready… then adjust as they go. 
• They are open to suggestions and advice and prepared to try new things. 
• They are constantly asking – how can I do this better?  How can we do this more efficiently? 
• They are proactive/ahead of the game… they see the writing on the wall and act… even when this action is hard. 

• They negotiate and look for win-win in everything. 
• They maximise what they have.  And then, if their scale still prevents them from making a profit, they create other sources of income (off-farm work, another business etc.) 
• They expand and grow their business, but only when they are confident they have the business model to do this.  
• They constantly look for opportunities and take the time necessary to research these well.  They are also prepared to say ‘no’ even when an opportunity looks amazing – if it is not a fit for them.  
• They plan – their day, week, quarter, year – plus have a clear vision of where they would like to be long term. 

• They work with people who share their values and vision. 
• They see team members as an investment rather than a cost, and they take good care of their investment. 
• They call their employees “team members” rather than “staff” and focus on building a great culture. 
• They transition the next generation into leadership roles early – to take advantage of the energy this brings to the business. 
• They plan and execute the succession of assets – they don’t just leave this in the “too hard” basket. 

• They make sure the important things in life stay the important things.  They make time for family, friends, holidays and the things they love. 
• They look after their health.  In farm businesses, where we often spend a large part of our time managing assets worth a large amount of money, these people recognize that they are their number one asset.  

That’s a start. Of course, there are many other habits and actions that contribute to success.  

Looking back at the above list, it’s interesting how many of the dot points are related to mindset. Perhaps this is the “magic bullet”!   

Managing your mindset is the number one key to building a strong foundation for your businesses.  And the bonus is that the journey becomes more enjoyable when we focus on mindset first.     

Regards,  

Andrew Roberts & the Farm Owners Academy Team 

P.S. If you’re eager to implement these winning strategies and elevate your farm business, I wholeheartedly recommend checking out our New Farm Business Mastery program. Dive in and transform your farming journey today! 

What a crazy environment we find ourselves in. 
 

Talk about building resilience…
 

• Interest rates have gone up
• fuel prices and other input costs are rising.
   

And just when that isn’t enough, some are also faced with
 

• Livestock prices collapsing, AND
• The threat of another drought.
   

It feels like everyone is just recovering from the last drought, and many farmers are still putting the pieces together from being wiped out by floods or fires.
 

Sure, it’s been a great few years for many, but here we are again.
 

I’m sure this is causing a lot of frustration, fear, uncertainty and possibly sleepless nights…not knowing how the next year will unfold.

Not knowing what the best decisions are to make right now.
 

We understand, and we are with you (we are farmers ourselves).
 

You don’t have to do this alone; we are here to help.
 

We would love to offer you a free Strategic Roadmap call, where you get to share what is going on for you and have someone who can help you navigate any decisions you need to make – not just to survive the next year or two, but also thrive.
 

We have opened some more spots, so if you want a hand (or someone to talk to), then please lean in.
 

Click on this link to book your complimentary call

We can’t guarantee we have all the answers, but maybe we can give you a tool or strategy to take the pressure off.

Hang in there,

Andrew

P.S. Sometimes just talking to someone can make all the difference.

P.P.S Click here to book your free strategic roadmap call.