Tag: Ranching

Getting the Feel for the Airplane

airplane

I believe everything relates to flying airplanes. Those who know me know that I have a passion for aviation. I like all things that fly and spend most of my free time thinking about flying, actually flying, or working on airplanes. Therefore, it only makes sense that many of my analogies will tie back to […]

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Painting the Ranch

paint brush

We just finished our main Ranching for Profit School delivery season, which was fulfilling as ever, but we are all glad to be home too. Eight full schools since Thanksgiving means we got to meet and work with over 400 ranchers who were willing to travel to learn in the last three months. That is […]

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Build an Auto-Pilot Business

cockpit

Dallas and I spend a lot of time in the plane together during the fall Executive Link run; three sets of chapter meetings in three weeks in three different states. One thing about living in Wyoming, the weather is not always airplane friendly, especially in a small plane, flown by your boss. I am always […]

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Too Many Options

convenience store

We’ve always heard that having options is a good thing. Having options gives us the freedom to choose what is best for us. However, having too many options can feel chaotic and be crippling. When we have so many options, we actually tend to choose nothing. We look at the minor gain to our businesses as not worth […]

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Finding What You Look For

close up cattle

“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses” is an Abraham Lincoln quote that I think about nearly everyday. To me it’s all about life’s perceptions and choosing your mindset. We get to choose our attitude. I have noticed this in multiple situations, and more and more as […]

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Assets, Liabilities and Opportunities

pair of ranchers

In a discussion about succession and estate planning at the Ranching For Generations course earlier this year, a woman told me that she believed “we should leave our kids opportunities rather than things.” I think she’s right. Unfortunately, we often mistake things, for opportunities.  The classic example is leaving the ranch to your children so […]

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Is Opportunity Interest, Real Interest?

opportunity interest

An opportunity cost is the lost benefit of choosing a different option. The opportunity cost of going to college is losing out on four years of wages; the true cost is tuition plus lost wages.  At the Ranching for Profit School, we include opportunity interest as a cost on owned livestock herds, because there is […]

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Leasing Like a Boss

ranch view

This morning I found a great post on the Executive Link private Facebook group. A current EL member was looking for input on information that he should share with the landowners of various properties that he leases. There were several great suggestions ranging from wildlife population status to water infiltration rates. After weighing in myself, […]

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Top 10 Tax Preparer Conversations

tax preparer

I just finished my first round of Executive Link meetings. In addition to being a facilitator I also presented the continuing education session where we dug deep into economics, finance, and income taxes. Although it can be a dry and boring topic, we had great discussions during and after the presentation. A common request from EL members was […]

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Break Your Legs

broken leg

Remember in the movies when the bookie’s tough guy would knock on the door and threaten to “break your legs” if they didn’t pay up? Sometimes, I think many of us would be better managers for our operations if someone broke our legs. If our legs were broken we wouldn’t be able to go outside […]

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