David Kohl, professor emeritus of agricultural and applied economics at Virginia Tech, is a firm believer in financial goal-setting. However, it’s important to keep a balance between your lifestyle and the business.

At the Professional Dairy Producers of Wisconsin’s Financial Analysis seminar held at the end of January, Kohl shared his “six degrees of goal-setting.” He recommended setting goals in each of the following areas:

  • Personal.
  • Business.
  • Family.
  • Mental.
  • Physical.
  • Spiritual.