In this video Accountant Mike and Aust discuss 3 ways to profit from your Homestead.
What is a profit?
Profit : a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
2 – advantage; benefit.
TO BE PROFITABLE SOMETHING MUST PRODUCE MORE THAN IT CONSUMES
3 Ways to Profit From Your Homestead
- Direct Products – lettuce, eggs, milk, cheese, REPLACING WHAT YOUR BUYING
- Indirect products – manure, land management, (BUT NOT UNLESS NEEDED, if you don’t NEED manure in your life it’s not brown gold)
- Sales – selling excess
How much do you charge above your costs? Accountant Mike suggests a MINIMUM of 10%!
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