Tag: business owners

You Can’t Retire From Ranching

How is the next generation ever supposed to step up if the current generation can’t step down or at least step aside? The short answer is they can’t. It’s one reason managerial authority on many ranches skips a generation. More calamitous, it’s a major reason why young people don’t stay in ranching and multi-generational ranches […]

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What Would You Do With $1,000,000?

In a recent Three Secrets For Increasing Profit® workshop I asked participants how much profit they want to make. It is an important question because you can’t hit a target that doesn’t exist and it’s impossible to build an intelligent plan unless you have measurable goals. But it’s an unfair question too. It’s unfair because […]

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Overheads Are Fixed!

What would you have to do to increase profit in a business where you couldn’t control costs? You’d have to increase production per animal, increase the number of animals you carry and hope for higher prices. These are the strategies most ranchers have followed, and Universities have recommended, for generations. It’s a logical approach if […]

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It’s Hard To Find Good Help …

… but it is even harder to find a good boss. I often hear employers complain that it is hard to find good help. I rarely hear them ask how they can be better bosses. Personally, I think most people want to do a good job. I don’t think employees want to be inefficient or […]

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You Might Be A Manager If…

Most “ranch managers” aren’t managers. They don’t do the work of a manager, they don’t produce the results a manager would produce and they aren’t paid what a manager would get paid. The result isn’t just poor management. Most American ranches aren’t managed at all! Every business has three levels of issues. The first set […]

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Two Mornings A Week

Several weeks ago I included a WOTB quiz in a ProfitTips column in which readers could score the extent to which they work ON their businesses. Click here to read that column. The column […]

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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 […]

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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 […]

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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 […]

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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 […]

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