1.  Goals provide direction in Long- Term planning, as well as, day-to-day operations.

2.  Specific Goals  Goals –  Balance Sheet -  Financial Records -  Income Statement -  Cash Flow -  Identifying & Evaluating the Operation -

3.  Goals help all members of the business pull together in the same direction.

4.  Based on your values  What is important in your life?

5.  Time dependent  Long-range (ten years to a lifetime )  Intermediate(two–ten years)  Short-range (one-two years or less)

6.  Written, but written in pencil  Values & priorities change  Other people’s values and  priorities change  We do not live in a vacuum

7.  broad statements that show where you want to be after a certain period of time  make a profit every year (be more specific) Increase profit by 10% in 3 years  increase grain sales by 12% over 5 years Soils testing Improved variety

8. 1. provides "road map” 2. distinguishes between goals & objectives 3. makes it easier to get where you are going 4. prepares you to meet the future 5. you see the big picture & focus on critical relationships 6. gives you purpose and direction 7. frees you from worries and uncertainties about where you are headed

9.  Your personal goals (what do you want to happen)  Goals in writing  SMART Goals Specific Measurable Attainable Realistic/Reasonable Timed or Timely  Set a deadline  target dates  time limits  Goals should be compatible with each other Complement ( completion leads to another)

10.  Business And Family Goals  Record keeping system  Know your costs of production  Know what you produce  Analyze for results  Make adjustments needed  Evaluate change

11. Often, goals can conflict  Personal vs. Family  Family vs. Business  Business vs. Business Communication First step in making goals compliment each other

12. PersonalFamilyBusiness Eat healthier mealsSpend 10% less on clothingExplore an alternative crop Get more physical exerciseAttend church regularlyLearn about commodity marketing Attend at least 50% of grand children’s activities Take a family vacationFertility test bulls

13. PersonalFamilyBusiness Serve on soil conservation board Save for children’s college education Build a new shop Buy fewer but better clothesBuy new family carRent/own 160 acres more grassland Train a bird dogGet a new roof on houseGet larger tractor

14. PersonalFamilyBusiness Live a Christian LifeAlways celebrate Christmas together Retire without any debt Be good parentBe a good neighborHave 200 herd mama cows Live to be at least 80Have a retirement accountPlant poorer tilled ground to grass

15.  Goals are based on values  Goals can be personal, family, and business  Goals are short term, intermediate, and lifetime  Goals should be written  Goals should be feasible  Written goals give direction

16. 1. 2. 3. 4. 5. 6. 7. 8.

17. 1. 2. 3. 4. 5. 6. 7. 8.