Overheads
My last ProfitTips article focused on the difference between being productive and being profitable and I used gross margin as a measure of profitability of an enterprise. In introducing gross margin I made the statement, “The best measure of profitability that I know of, is gross margin per unit.” I misspoke … or mistyped … […]
Read MoreThe Tradition vs Innovation Paradox
Agriculture is steeped in tradition. These traditions serve as a source of pride and continuity which help make us who we are in agriculture. However, these same traditions create a paradox of sorts when it comes to managing the business of ranching. Balancing respect for traditions and fostering innovation can be tricky to navigate. Another […]