Listen to Building Working Capital with Walter Lynn on: Apple Podcasts | Spotify | Your platform of choice
In this episode of the Ranchonomics podcast, host John Haskell welcomes his friend and mentor, Walter Lynn, onto the show to talk all about building working capital and the importance of our approach to it right now. Walter explains the significance of understanding the dollar amount of working capital, maintaining liquidity, and setting appropriate targets. The conversation also covers strategies for improving working capital and navigating market cycles, providing practical advice for ranchers to manage their financial health effectively.
Walter Lynn has a decades-long portfolio of experience working with NGOs, businesses and industry leaders involved in all facets of production agriculture, agribusiness and conservation. He currently serves as a board member and was past chair of Holistic Management International. He had a niche CPA firm that worked with Ag producers in approximately 15 states with an awesome team from Springfield, Illinois.
In this episode, Building Working Capital with Walter Lynn, we cover:
What exactly working capital is and the basic components of it
How to improve working capital and how it changes
The significance of understanding liquidity and its impact on financial health
Resources & Links:
Connect with Ranch Right, LLC:
Follow on Instagram @ranchrightllc
Follow on Facebook
Check out the website
Connect with Walter:
Follow on X/Twitter @bovineacct
Related Episodes:
Episode 1: Introduction to Ranchonomics
More about the Ranchonomics podcast:
Welcome to Ranchonomics, where we empower you to build a better ranch and transform your operation into a thriving business. This podcast is brought to you by Ranch Right LLC, and together we will look at essential strategies, mindsets, and processes needed to take command of your financials and master the business metrics that make all the difference. If you are ready to start winning at ranching, then you are in the right spot.
With each episode of Ranchonomics, you will hear inspiring success stories, gain simple yet powerful financial literacy tips, and listen to insightful interviews with industry experts and real-life practitioners.
Whether you are a seasoned rancher or just starting out, we believe that managing a ranch shouldn't mean drowning in paperwork or missing out on valuable opportunities. Our mission is to help you see the link between your daily ranching operations and your financials that allow you to go from chaos to clarity and achieve your goals.
Join us as we explore the intersection of ranching and finance, helping you understand your numbers and make informed decisions that propel your business forward.
Subscribe now and start your path to a more profitable, less stressful ranching experience with Ranchonomics. It's time to harness the full potential of your operation.
Make sure to hit subscribe/follow so you never miss an episode!
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