Category: Succession

The Ranch Business Time Bomb

Abandoned house

Think of a ranch business you know of, that is no longer in business. Now I want you to think of the underlying cause for that business no longer being around. Was it related to production? Did the cows not breed, the calves weren’t big enough to bring in decent money or was the death […]

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Going Long

long road

You’ve probably heard the expression, “Go big or go home.” But there is another time-tested strategy that has a higher success rate: “Go long.” It wasn’t just water that carved the Grand Canyon, cold temperatures that led to the last ice age, or a smart investing strategy that made Warren Buffett wealthy. In each case […]

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The Great American Tragedy

In an earlier ProfitTips column I wrote about a young couple who, after attending a Ranching For Profit School, came home to meet a brick wall of resistance from the folks.   The couple wrote, “They were very upset when we showed them the numbers and compared them to the RFP benchmarks. We proposed several […]

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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 […]

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