Tag: family

Having a Ranch AND a Life

A friend included me in an email chain informing us of a farmer he knew who recently took his life. I don’t pretend to begin to know this man’s pain or anything about his situation. But the story struck me as beyond sad. Responses in the email chain spoke of the stress of farming, peer […]

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Coming Home to Work

If you have a family ranch, whether you know it or not, you have a family employment policy. At least your kids think you do. In the absence of a formal, written policy, kids often grow up with the expectation that regardless of their education, experience or talent, there will be a role for them […]

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It Doesn’t Matter What They Want

Earlier today someone called me asking for advice regarding a bid he was about to make for a property he wanted to rent. The property could support 200 cows from May to October and the term of the lease would be 10 years. He hoped that I would have some knowledge about rents in his […]

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A Great Place To Raise A Family

I occasionally lead workshops I call Hard Work and Harmony: Effective Relationships In Family Businesses. In it I like to ask participants to explain to the person next to them, why they ranch.  Some say they love being their own boss, or love working outdoors and with livestock. Almost all of them say something about […]

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Boundaries

I have an advantage over most of the people who come through the Ranching for Profit school. I have boundaries. The RMC office is about a mile and a half from my home. Every day, unless the weather is miserable, I walk to work. Then at the end of the day I walk home. When […]

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What Does Mom Want?

We use a process at RMC to help families and business teams create a shared vision and a plan to achieve it. We start by asking a very basic question: What do you want? Each participant answers individually by writing several short statements describing how they’d like things to be in three to five years. Once […]

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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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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 […]

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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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