business owners Archives - Page 2 of 3

Oct 24

What is Sweat Worth?

By Dave Pratt Economics & Finance, Labor Effectiveness, Planning & Management 3 Comments

Most family ranches are subsidized with free, or underpaid, family labor. Sometimes the difference between what family members get and what it would cost to hire someone else to do…

Oct 10

What Are You Worth?

By Dave Pratt Economics & Finance, Labor Effectiveness, Planning & Management 2 Comments

I often ask audiences at schools and workshops if anyone pays themselves what it would cost to replace themselves. Very few hands go up and those that do are usually…

Sep 12

Records Are A Waste Of Time

By Dave Pratt Decision Making, Labor Effectiveness, Planning & Management 5 Comments

Some people think that records are THE key to managerial success. Not me. I think most records are a waste of time. Records give us data. We need information. It…

Aug 08

Low Hanging Fruit

By Dave Pratt Decision Making, Economics & Finance, Making a Change 2 Comments

Someone called me asking if I was available to do some consulting. I explained that even though our name is Ranch Management Consultants, we actually do very little consulting. After…

Mar 26

You Can’t Retire From Ranching

By Dave Pratt Communication, Making a Change, Planning & Management, Succession No Comments

How is the next generation ever supposed to step up if the current generation can’t step down or at least step aside? The short answer is they can’t. It’s one…

Dec 20

What Would You Do With $1,000,000?

By Dave Pratt Economics & Finance, Making a Change, Planning & Management No Comments

In a recent Three Secrets For Increasing Profit® workshop I asked participants how much profit they want to make. It is an important question because you can’t hit a target…

Aug 09

Overheads Are Fixed!

By Dave Pratt Economics & Finance, Making a Change, Planning & Management No Comments

What would you have to do to increase profit in a business where you couldn’t control costs? You’d have to increase production per animal, increase the number of animals you…

May 16

It’s Hard To Find Good Help …

By Dave Pratt Communication, Labor Effectiveness, Planning & Management One Comment

… but it is even harder to find a good boss. I often hear employers complain that it is hard to find good help. I rarely hear them ask how…

Aug 31

You Might Be A Manager If…

By Dave Pratt Labor Effectiveness, Planning & Management, Succession One Comment

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…

May 25

Two Mornings A Week

By Dave Pratt Labor Effectiveness, Making a Change, Planning & Management One Comment

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…

business owners

What is Sweat Worth?

What Are You Worth?

Records Are A Waste Of Time

Low Hanging Fruit

You Can’t Retire From Ranching

What Would You Do With $1,000,000?

Overheads Are Fixed!

It’s Hard To Find Good Help …

You Might Be A Manager If…

Two Mornings A Week

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