Listen to The Difference of Owners & Managers and How They Think on: Apple Podcasts | Spotify | Your platform of choice
In this episode, host John Haskell reconnects with Wally Olson to discuss the differences between how ranch owners and ranch managers think. Wally is providing valuable insight into these unique dynamics through his personal experience as a ranch manager and as a ranch lessee. We discuss the importance of resource management for the benefit of all stakeholders and how effective management is essential for ensuring a successful and sustainable business. We also dive into the differences in motivations and long-term goals between owners and managers, why preparedness is crucial in ranching, and the constraints of owning a ranch.
Wally Olson is a firm believer in helping place an old head on young shoulders. Wally teaches cattle marketing schools and loves to help young people get started in ranching. For more information about Wally and to hear his story of ranching and learning visit his website www.olsonranchllc.com
In this episode, The Difference of Owners & Managers and How They Think, we cover:
The owner’s versus the manager’s perspectives
Risk tolerance and motivation
The differences between managing a ranch and leasing and operating your own ranch
How owning a ranch can add constraints
Resources & Links:
Connect with Ranch Right, LLC:
Subscribe on YouTube
Follow on Instagram @ranchrightllc
Follow on Facebook
Check out the website
Connect with Wally:
Check out his website
Related Episodes:
Episode 3: Cow Depreciation and Cow Longevity with Wally Olson
Episode 7: Sell Buy Market with Wally Olson
Episode 2: Putting Cattle Out with Other People with Wally Olson
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.
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