Dave Pratt

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.

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

Recently I wrote about some alumni who increased the carrying capacity of their property using cell grazing. One alumnus who doubled the capacity using cell grazing said “It’s
like getting a second ranch for …

morning I had a call from an alumnus considering a big move. He is thinking of selling his place and relocating. He has his eyes on a property in another state and asked me, “Can the cash flow
generated from a …