Dan Airely, a behavioral economist at Duke University conducted a silly experiment with serious implications. The experiment involved money, Coca Cola and college students. Dr. Airely stocked dorm room refrigerators…
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Most “ranch managers” aren’t managers. They don’t do the work of a manager, they don’t produce the results a manager would produce and they aren’t paid what a manager would…
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I received the following email from a young rancher last week: Dave, I am a young rancher and have grown my herd to over 100 cows over the last four…
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Earlier today someone called me asking for advice regarding a bid he was about to make for a property he wanted to rent. The property could support 200 cows from…
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Several weeks ago I included a WOTB quiz in a ProfitTips column in which readers could score the extent to which they work ON their businesses. Click here to read that column. The column…
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I occasionally lead workshops I call Hard Work and Harmony: Effective Relationships In Family Businesses. In it I like to ask participants to explain to the person next to them,…
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I have an advantage over most of the people who come through the Ranching for Profit school. I have boundaries. The RMC office is about a mile and a half…
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Most people blame things beyond our control like the weather, government regulation, low commodity prices and increasing costs for their failure to make a healthy profit. These are the things…
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When I was a kid if I asked my parents for money they would usually come up with some extra chores for me to do or suggest that I see…
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Wally Olson is a rancher from Vinita, Oklahoma. He has a profitable cattle trading enterprise based on the Sell/Buy marketing principles popularized by Bud Williams. At the foundation of Wally’s…
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