The following post was written by Loan Officer Kelly Langmaid:
The NEK Dairy Farmers group met on Wednesday, February 18th from 12:30 to 3:00 PM at the Poulin Grain conference room in Newport, VT. The guest speaker of the day was Farm Business Consultant, Rick Hermonot from First Pioneer Farm Credit in Dayville, CT. The meeting was well attended by 20+ members of the group, as well as a few guests. New faces are always welcome!
Rick spoke with the group about his “Five Fives” in the toolbox to business success. These include:
1. Five Keys to Effective Focus
2. Five Line Income Statement
3. Five Year Averages
4. Five Key to Profit
5. “DIRTI 5”
The 5 keys of effective focus are Vision, Priorities, Hard Work, Discipline, and the most important, Passion. With these 5 elements you are well on the way to running a successful business.
This meeting was made possible by Yankee Farm Credit for their meeting contribution and a pizza lunch, as well as Poulin Grain for donating the space for the groups’ use. Also, the group sends a special thank you to Rick for his time. Thanks for staying late to answer everyone’s questions!
For additional information about the meeting or about the NEK Dairy Farmers group please contact Kelly Langmaid of Yankee Farm Credit in the Newport office at 1-800-370-2738.
