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Top 10 Challenges In Ranching
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 ranch: #10: We have a victim attitude We will never succeed if all we do is blame others for our failures. Self-proclaimed victims abdicate […]
Read MoreTwo 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 MoreSurgery 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 MoreRanching 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 and […]
Read MoreThe 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 production […]
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