PROFIT TIPS

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. […]

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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 […]

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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 […]

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Hard Work Isn’t All It’s Cracked Up To Be

The best day of my life was the day my first child was born. He was delivered through an emergency C-section. I was surprised when they invited me to scrub up and be right by Kathy’s side as the doctor made the incision and gently lifted Jack out of her body. I don’t think I […]

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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 […]

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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 […]

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