When growing your business, consider hiring a chief financial officer to take over some of the management responsibilities that you used to handle, suggests Mike Salisbury, Salisbury Management Services, Inc., in Twin Falls, Idaho.

The CFO for a dairy is not unlike the CFO of any other business. And since the CFO function is taught in business schools, you can tap into the expertise of a well-trained college grad “for a lot less than the cost to hire someone who can manage cows,” he says. Adding a CFO to your team gives you great financial metrics. On some dairies, the CFO handles the human-resource functions, also.