PROFIT TIPS

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

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 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

Fool Me Once

Life isn’t a fairytale. Sometimes regardless of how good our idea is, how well we listen, how well we prepare and plan, we still run into a brick wall of resistance. Sometimes we don’t all live happily ever after. I’ve had more than one ProfitTips reader write me to ask, “What now?” The answer is […]

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

Pay The Damn Taxes

In The Ultimate Legacy, Dr. Don Jonovic says that the most critical issues in an estate plan are: Who will run what? Who will own what? How will you make sure you have the capacity to pay the taxes so that the first two things can actually happen?   The transfer of authority can be […]

Read More

Boots On The Ground

You can’t monitor the health of land from a windshield.  You’ve got to have boots on the ground. Even then, we tend to look across the land rather than into it.  Looking across gives a distorted picture of what’s really going on. We need to look into the land.   Study the photo below.  It […]

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

Pay Me Now or Pay Me Later

Abby of Dear Abby, passed away last week.  I don’t intend to take her place dispensing relationship advice, but I do get my share of Dear Dave letters.  Here’s a Dear Dave inquiry I had last month:   Dear Dave, We have a problem. Our ranch manager is a family member but does not have […]

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