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…
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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…
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We have our end of the year tax appointment next Monday. That reminded me of a ranch I visited a few years ago. The owner’s son showed me around. As…
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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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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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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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I once heard Bud Williams say, “Ranchers love their cows and hate their grass.” Bud thought they had it backwards. They should love their grass and hate their cattle. I…
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A lot of ranchers use some kind of grazing rotation. Very few do it in a way that has even a 50/50 chance of improving the health of the land,…
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In the last ProfitTips I asked you to share the challenges you face in ranching and share you did. Here is your list of the top 10 challenges facing your…
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In The Ultimate Legacy, Dr. Don Jonovic says that the most critical issues in an estate plan are: Who will run what? Who will own what? How will you make…
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