PROFIT TIPS

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Decision Making

2 doors

The leader of a business has an important role in making decisions. Every day we make dozens if not hundreds of decisions. Some minor and perhaps some major decisions. The success or failure of your business likely depends on a few important decisions you will make this year, next year and the year after. One […]

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Enterprise vs Entity

ranch barn

During the Ranching for Profit School, we focus on the economics of the “operating business” and not the “land investment.” The operating business must rent the land at fair market value from the land investment for the agricultural use. In other words, the cows don’t get to graze the ranch for free. This is a […]

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Getting the Feel for the Airplane

airplane

I believe everything relates to flying airplanes. Those who know me know that I have a passion for aviation. I like all things that fly and spend most of my free time thinking about flying, actually flying, or working on airplanes. Therefore, it only makes sense that many of my analogies will tie back to […]

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Redefining Retirement

retire tile

I am announcing my retirement! No, not from teaching at RMC or Sims Cattle Company (our family’s business), or from our consulting company, Adapt! I am retiring from being a stay-at-home mom! As of this coming August, I will no longer have kids at home who have been my main priority.  It sounds crazy, but […]

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Tax Time

tax time

Tax day is just around the corner and it is common for folks to struggle with getting their taxes done. There is nothing we can do about the past, but there are changes you can make now to make future tax days go smoothly and be less burdensome on everyone’s time. Here are five things […]

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New Paths for RMC

dirt road

Last ProfitTips, I reflected on the amazing past 40 years of RMC and this time I’d like to share with you some exciting new partnerships and efforts of RMC. Partnership with Noble Research Institute “If you want to go fast go alone, if you want to go far, go together” – African Proverb. In my […]

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Reminiscing on our Roots

Stan Parson's course

Ranch Management Consultants was founded in 1983 by Stan Parsons. Stan Parsons had a background in animal husbandry and agricultural economics then after years of working with ranchers in the field he developed the Ranching for Profit School and led RMC for its first 20 years. Wrapping up 2023 marked our 40th year in business! […]

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Painting the Ranch

paint brush

We just finished our main Ranching for Profit School delivery season, which was fulfilling as ever, but we are all glad to be home too. Eight full schools since Thanksgiving means we got to meet and work with over 400 ranchers who were willing to travel to learn in the last three months. That is […]

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Power of Management

calculations

A couple of weeks ago, I received a nice note from an alumnus of the Ranching for Profit School. He tracks his net worth annually by looking at his balance sheet and has been doing this for some time. You need to be careful when looking at net worth from the balance sheet in isolation, […]

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Ranch Coach

football

One of my favorite times of the year is upon us. No, not winter. Believe it or not, 10” of snow and -23 degrees F (current conditions as I write) just isn’t that exciting to me. What gets me excited right now is the NFL playoffs! Admittedly, it’s even more interesting since my team (Go […]

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