Category: Planning & Management

COVID-19 Update and Resources: Learn More

There’s Nothing Wrong With A Hobby

The Ranching For Profit School is intended for ranchers. But every year some people who want to get into ranching attend the class to build a business plan to test the feasibility of pursuing their dream. A week hasn’t gone by in the last couple of years when I haven’t had an email or phone […]

Read More

You Might Be Cell Grazing If…

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, the performance of their cattle and the profitability of their businesses. There are so many names attached to various rotations, it is hard to know […]

Read More

Two Legacies

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 I work with feel a deep obligation to carry on the family’s legacy.  A family’s legacy can be rich with meaning and a powerful source […]

Read More

Don’t Hire People To Work

Most of us hire people to work.  We write job descriptions telling them to do this or that.  But what people do and how long or hard they work is not important.  It is only the means to the end. The end is the results they produce.    As an employer you would be well […]

Read More

Surgery with a Chainsaw

Ranching For Profit School instructors work with people in the evenings after class to help them apply the tools they learn in the school.  A lot of people take advantage of these sessions to project their stock flow, calculate enterprise gross margins and project profit or loss for their ranch. When you throw in the […]

Read More

You may own your job if…

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 a year and come back to find your ranch working even better than when you left it?  If so, Kiyosaki says you own a business. […]

Read More

Two For The Price Of One

Would you like a free ranch? This summer I had the pleasure of visiting several Ranching For Profit School alumni ranches from Texas to Montana and points in between.  Most are applying cell grazing and are producing impressive results. Cell grazing involves giving paddocks adequate rest, keeping graze periods short, increasing stock density and adjusting […]

Read More

What’s Your Profit Target?

A Ranching For Profit School alumnus was talking to me about his financial goals.  I asked how much profit he wanted to make. He told me he figured he needed $20,000 to live.  I reminded him that his salary or draw must be deducted as an overhead cost before calculating profit.     I asked […]

Read More

Ranching with Nature

North American livestock producers are the most productive in the world. We are also the least profitable. Could it be that our battle to increase production is the reason for economic failure?   We are engaged in a cold war with nature. We are armed with an impressive arsenal. We seed and fertilize and spray […]

Read More

The Profit Tree

There are only three things anyone, anywhere in any business can do to increase profit: Decrease the overhead costs Improve the gross margin per unit Increase the turnover (the number of units)     Only one of these three things is the most important at any particular time. If high overheads are the problem, increasing […]

Read More