Tag: business owners

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

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. […]

Read More

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 […]

Read More