©Shutterstock Hens waiting for the morning food.
Paper money in itself has no inherent value but it is the lifestyle that money can bring which motivates people to work for it (money) so the tendency to save money at all cost defeats the purpose of having it in the first place and even in some cases may lead to the collapse of your farm.
By now, you might be thinking, “But we do business to make money so if my business is saving money, how does it collapse?” Well, usually, a person who is totally obsessed about saving money will want the highest quality of a product or service but wouldn’t want to pay the appropriate price. To put this in perspective, this particular individual would want to extract the maximum value possible from his employees while paying them below minimum wage, mix his own feed and also, would not pay for services such as bookkeeping.
The consequences for trying to save money could be dire for instance, trying to stiff your employees of wage payment may lead to low-morale and might even encourage activities which may collapse your business such as theft and fraud. Again, trying to formulate your own feed may be risky business if you don’t have the expertise because you may expose the raw materials to pathogens which may harm your birds. Finally, not hiring a bookkeeper could cause you to lose money since you may find it difficult to track your finances.
In conclusion, all I’m trying to say is inasmuch as you’d like to keep your expenses in check, make sure you don’t compromise on quality and long term sustainability of your farm.
Pkom 