Cattle Profits and Taxes
During the Ranching for Profit School, we introduce three issues involving money: economics, finance, and income taxes. We spend most of our time on economics (generating value and keeping profit) then some time on finance (cash flow and investment), and less time on income taxes. The reason for that order is based on the overall […]
Read MoreFeedback Loops to Aid Decision Making
If you were to come upon a car wreck, which turns out to be your neighbor with terminal cancer, would you worry about their next chemo appointment? Probably not, your first concern would more likely be CPR or stopping the bleeding. This is about the extent to which we generally discussed the feedback loop at […]
Read MoreSystems Thinking
I was recently given some book recommendations by Executive Link member, Shanon Sims. Book recommendations are everywhere right now, but when someone you respect says “read this book” you pay attention. Shanon recommended The Fifth Discipline by Peter Senge. The Fifth Discipline is about training yourself to think in terms of systems. Humans are predisposed […]