The Power of Visuals
The flip chart is one of the most important pieces of equipment on the ranch. If you are not using one, it is likely costing your businesses tens of thousands to hundreds of thousands each year. Every time you have a meeting on the ranch or when discussing something as a ranch team someone should […]
Read MoreTwo Mornings to Change Your Business
If you’ve been through the Ranching For Profit School you recognize the importance of working ON the business (WOTB). If blocking out time for WOTB is challenging for you, you aren’t alone. Scheduling adequate time to work on the businesses is often THE most difficult challenge RFP graduates face when they get home. The problem […]
Read More$100 Per Hour WITB
In the Ranching for Profit School we make clear the difference between WITB (Working In the Business) and WOTB (Working On the Business). We often say WITB, is the $10/hr work and WOTB is the $100/hr or more work. It is critical to get the WOTB done, but WITB needs to be prioritized into the […]
Read MoreProfit – What is it Anyway?
At the Ranching for Profit School since we talk about profit, we believe we better define it. We ask the participants at the school to come up with a definition of profit, they usually respond with something like Income – Expenses = Profit. Let’s play with that definition some and see how it works. If […]
Read MoreThe Value of a Day
What value does your business need to produce every day? Are you focusing on the right things to achieve this? At the Ranching for Profit School we teach participants how to structure the economic information of their business into a format that is meaningful for making effective business decisions. Over the past few months I’ve […]
Read MoreTwo Mornings A Week
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 was picked up by some other publications and wound up generating conversations on several other popular blogs. Most of the people making comments said that […]
Read MoreThe WOTB Test
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 most often discussed at producer meetings and in the coffee shop. These are also things we can do little about. Making them the scapegoats for […]
Read More