E114 | Profit First: Flipping the Farm Business Mindset
About this episode
Garrett Ruskamp reflects on a conversation with Mary Jo Irmen about fundamental mindset shifts in farm business management, emphasizing the importance of distinguishing between needs and wants in financial decisions.
Episode Summary I recently talked with Mary Jo Irmen from Farming Without the Bank and this week I'm reflecting on that conversation, diving into one of the most fundamental and often overlooked mindset shifts in farm business management: evaluating which expenses are truly a need versus a want. This episode challenges you to flip the traditional income-minus-expenses equation on its head. I also touch on concepts from Mike Michalowicz's book Profit First . This episode offers practical examples, honest self-reflection, and challenges you to examine the fear and generational conditioning that can keep farmers from making hard but necessary financial decisions. Highlights from this week's episode: The "Profit First" flip Life insurance and investing as priorities, not afterthoughts Need vs. want, line by line Scarcity vs. abundance mindset Fear and generational conditioning Uncomfortable now or uncomfortable later Resources & Links: To learn more about how I can help you achieve financial clarity and confidence through essential tools and systems, check out my free training here ! Connect with Garrett: Follow on Instagram - @garrettruskamp Follow on Facebook - Garrett Ruskamp…
More episodes of Pioneer Mindset
- E117 | What's Actually Important on the Farm Right Now?
- E116 | The Most Overlooked Metric on Your Farm
- E115 | The Fertilizer Audit: Stretching Your Biggest Input Dollar
- E113 | From Cornfields to Content: Farming in the Digital Age with Quentin Connealy
- E112 | What is the Cross You Carry Teaching You?
- E111 | 5 Things to Help Stay Intentional this Spring
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