Maximizing Resources

Producers are constantly using resources to make decisions about their operation. According to Jane Parish, a Mississippi State University Beef Cattle Specialist, two important resources a producer has is people and time. Someone has to do the work for the operation and most of the time this is done by someone other than the owner. In order for the operation to be effective the manager or hired hand must know what they are doing otherwise they are going to cost you money. One way to minimize this risk is selecting the right person for the job. Different people have different skills and by being able to recognize which person is most suitable for the job, producers can maximize their resource. Another important resource producers must use wisely is their time. From experience, I can say there is never have enough time in the day to get everything done but by having a game plan for each day you might be able to make better use of the time you do have. Producers need to be able to minimize distractions and prioritize what work needs to be done first and what can wait until the next day. Overall, I believe people and time are two resources that producers can easily overlook which can really steal from their bottom line.

(Using your resources wisely: Resources)