How do you know when it is time to move animals from one pasture to another? Most people figure that if they are out of feed in one pasture, it…
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University of Wyoming Extension agent and Ranching For Profit School instructor, Dallas Mount, recently led a management succession workshop in Baggs, Wyoming. Dallas is a gifted, innovative teacher, and I…
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There are three, and only three, ways to increase profit in any business. Stan Parsons called them The 3 Secrets For Increasing Profit™ and introduced them to Ranching For Profit…
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If you have a family ranch, whether you know it or not, you have a family employment policy. At least your kids think you do. In the absence of a…
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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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A Ranching For Profit School alumni sent me a paper published by the Society for Range Management on calculating the optimum stocking rate. The authors crunched 14 variables through 1o…
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Many of us hope and fear that the next generation will want to be part of the family business. We hope because we feel validated that we must have done…
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Legacy is a powerful concept. Perhaps that is because we see our legacy as a form of immortality. In some families it has survived generations now long gone. Many people…
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Nearly 15 years ago I surveyed over 300 commercial cattle producers asking them questions about their grazing practices and their attitudes about change. One hundred twenty of them (40%) identified…
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In the last ProfitTips I asked you if you owned a business or a job. I offered Robert Kiyosaki’s criteria from his book Cash Flow Quadrant: Could you leave for…
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