Thoughts on Being Accountable from Shanon Sims
Shanon Sims ranches with his family in McFadden, Wyoming. I’ve long admired their operation for pushing the limits of what is possible. They are leaders in grazing, and leaders in […]
Read MoreRanch Records
Calving season is in full swing across most of cow country and so are ranchers armed with a red book or smart phone app taking notes about birth dates, weights, […]
Read MoreTwo Mornings to Change Your Business
If you’ve been through the Ranching For Profit School you recognize the importance of working ON the business (WOTB). If blocking out time for WOTB is challenging for you, you […]
Read MoreSell/Buy Lessons from Aaron and Tara
ProfitTips is taking a different direction this time. Aaron and Tara Helmick recently shared with me a collection of “Lessons Learned” from the past 4 years as they have been […]
Read MoreThe Ranch Business Time Bomb
Think of a ranch business you know of, that is no longer in business. Now I want you to think of the underlying cause for that business no longer being […]
Read MoreGross Margin Inside the Cow Herd
We just wrapped up a full school in Oklahoma City. It was an amazing week where 54 people spent a week exploring the leadership of their businesses and making new friends along the way. Wally Olson of Olson Ranch and founder of Ranching FYI stopped by and discussed cow depreciation and how to make decisions […]
That Crazy Grazing Stuff
“You guys don’t tell people to do that crazy grazing stuff with the electric fence do you? Because if so, I’m not coming.” That was an email I recently received […]
Read MoreProfit – What is it Anyway?
At the Ranching for Profit School since we talk about profit, we believe we better define it. We ask the participants at the school to come up with a definition of profit, they usually respond with something like Income – Expenses = Profit. Let’s play with that definition some and see how it works. If […]
Get Better Before Getting Bigger
Our busy season of conducting Ranching for Profit Schools has just begun. Last week, I had the pleasure of dropping in on the school in Abilene, TX and meeting some outstanding participants. It is always an honor to be trusted enough to be invited to help a business discover a new path forward that will […]
Fall is Planning Time
As fall work wraps up for most in cow country, now is the time to start planning for next year. Here are a few essential pieces of that plan: Gross Margin projections and analysis of key enterprises Overhead projection and analysis Profit target setting and how profit will be used Grazing plan for next year […]