Tag: change

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What Will You Retire To?

As of this writing I have 68 days left running RMC before a new generation of management takes the helm. It’s been a good ride, but it’s been a long trail and Kathy and I are ready to hand over the reins. But just because we are ready doesn’t mean it’s easy. When what you […]

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Smart Resolutions

A lot of people make New Year’s resolutions. Gym memberships go way up in January. By Valentine’s Day that box of chocolates is looking pretty good and gym attendance is way down. It isn’t that resolutions are bad ideas. They’re not. Or that people can’t change. We can. It is that most resolutions don’t provide […]

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If Someone Is Doing It, It’s Possible

I often hear people joke, “Ranching for profit? That’s an oxymoron.” I get frustrated hearing it, but I don’t blame anyone for thinking it. There is a lot of evidence to support the “ranching isn’t profitable” paradigm. These days ranches are valued more for the scenery than for livestock production. In fact, looking at a […]

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Game Changer?

Income – costs = profit, right? The answer is “sort of.” It’s a little more complicated than that because we need to adjust for inventory changes, consider non-cash costs like depreciation and non-cash income like retained heifer calves. But over the long haul, for the most part, income – costs = profit. The obvious conclusion […]

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Low Hanging Fruit

Someone called me asking if I was available to do some consulting. I explained that even though our name is Ranch Management Consultants, we actually do very little consulting. After folks have been to the Ranching For Profit School they may need some coaching, but they usually don’t need consulting. When we consult, we only […]

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Which Circle Are You In?

I go to a lot of meetings. I often hear people complain about how tough we have it. The three favorite topics are bad weather, low prices and government regulations (three things you can’t do anything about). Those are followed up by gossip about the neighbor … and if the neighbor is there … it […]

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Irresistible Change

I reviewed articles in Harvard Business Review, Forbes and Fast Company on resistance to change. The articles laid out the 12 reasons, the 10 factors and the 5 keys to resistance. The more I read, the more convinced I am that they have it ALL wrong!   I encounter my fair share of people who […]

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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 […]

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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 […]

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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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