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The key to staying in business and being profitable, Hustead notes, requires regularly monitoring your overhead, labor, inventory expenses and revenue: “If you run out of money and go broke, you’re out of business.” As a result, he began monitoring the company’s finances on a weekly basis.
Because of this, it can be very expensive for small farms to transport their herds to these facilities for processing. " While small farms are not going to replace large farms anytime soon, the USDA is projecting that the market for locally grown food will be about $7 billion by 2012, up steeply from $4 billion in 2002.
Being transparent with your finances is important for both recruitment and retention. Google discovered this to its chagrin in 2002, when it launched an experiment by getting rid of all bosses. It didn’t go well: too many people went directly to Larry Page with interpersonal conflicts, expense reports, and similar issues. .
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