During the Ranching for Profit School, we introduce three issues involving money: economics, finance, and income taxes. We spend most of our time on economics (generating value and keeping profit)…
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This fall it has been energizing to engage with hundreds of ranch business owners from across North America through the Executive Link Program we lead, as they tackle tough challenges…
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What would the value be in your operation if you could predict drought? I know we can’t predict the weather, but we can keep track of monthly rainfall. Rainfall is…
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Congratulations! You’ve just come through record cattle prices, you took Dallas’ last ProfitTips to heart, and now you’re sitting on a pile of money and wondering “what now?” There are…
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The Ranching for Profit School is sometimes called the “MBA of Ranching” or referred to as “better than college.” The RFP School has an amazing curriculum that can have enormous…
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We’ve always heard that having options is a good thing. Having options gives us the freedom to choose what is best for us. However, having too many options can feel chaotic and…
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In a discussion about succession and estate planning at the Ranching For Generations course earlier this year, a woman told me that she believed “we should leave our kids opportunities…
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Preventative maintenance on the ranch is easy to overlook, and it can be costly. Costly in dollars to actually fix whatever needs fixed whether it is fence and corrals, water…
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At the Ranching for Profit School, we teach people how to use benchmarks to identify deadwood in their businesses which allows them to find focus areas for managerial leverage. When…
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An opportunity cost is the lost benefit of choosing a different option. The opportunity cost of going to college is losing out on four years of wages; the true cost…
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