Ranching For Profit School instructors work with people in the evenings after class to help them apply the tools they learn in the school. A lot of people take advantage of these sessions to project their stock flow, calculate ...

Nearly 15 years ago I surveyed over 300 commercial cattle producers asking them questions about their grazing practices and their attitudes about change.  One hundred twenty of them (40%) identified “rotational grazing” as their primary method of managing cattle on pasture. Over 80% of the rotational ...

In a recent ProfitTips I wrote that most ranchers are self-employed, not business owners. I explained that when someone is self-employed they don’t own a business, they own a collection of assets and a bunch of jobs. Their focus is on ...

In the last ProfitTips I asked you if you owned a business or a job. I offered Robert Kiyosaki’s criteria from his book Cash Flow Quadrant: Could you leave for a year and come back to find your ranch working even better ...

In Cash Flow Quadrant, Robert Kiyosaki describes four ways of making money. The four quadrants are:

1. Employee, where you earn a paycheck working for someone else.
2. Self-Employed, where you own your job and work for a lunatic.
3. ...

I recently heard John Reed, former chairman of the wall street giant City Group, interviewed about the financial crisis. Prior to the financial meltdown he was one of the proponents for deregulating the financial industry. Now he believes things have gone too far and that while ...

We get a cross-section of livestock producers at the Ranching For Profit School. In 2011 we had outfits with more than 10,000 cows and others with less than 100 attend the course. When it comes to enterprise selection and ...

Most small and medium scale producers who want to increase profit would be well served to challenge their assumptions about scale. Small isn’t beautiful and it is almost as much work as big. It doesn’t take twice as much labor to ...

CEO means Chief Executive Officer. A CFO is the Chief Financial Officer, the COO is the Chief Operating Officer and the HRD is the Human Resources Director. We are familiar with most of these terms, even if some of us aren’t always clear ...

As families come together for Christmas, it is appropriate to discuss the balance in our lives between business and family. In a healthy family business there is a clear line separating business and family. In other words, business is business and ...