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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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John Haskell welcomes Dallas Mount back to the podcast to discuss how to think about the future while ignoring the past. Sometimes we find ourselves in a situation we don't want to be in, and we want to reset and start over. Dallas walks us through an exercise he covered in a recent presentation to help us reconsider all of our assets on paper.
He shares how to reevaluate and optimize assets on family ranches, emphasizing the importance of listing and valuing significant assets, such as livestock and machinery, and then considering their market value. The exercise involves imagining the business with this capital as cash and deciding how to reinvest it for better business outcomes. They also highlight the importance of striking a balance between profitability and employee satisfaction, as well as the potential pitfalls of holding onto unnecessary assets.
Make sure to hit subscribe/follow so you never miss an episode!
In this episode, we cover:
- A walkthrough of Dallas's exercise to reevaluate assets and deploy capital
- Breaking out of the legacy trap and starting from scratch on paper
- Economic considerations of equipment ownership
- Potential pitfalls of this exercise and applying it in different situations
Connect with Dallas:
- Follow on Instagram @ranching4profit
- Follow on Facebook
- Subscribe on YouTube
- Connect on LinkedIn
- Check out his website
- Send him an email at [email protected]
Connect with Ranch Right:
- Subscribe on YouTube
- Follow on Instagram @ranchrightllc
- Follow on Facebook
- Check out the website
Resources & Links:
- Book a Free Discovery Call to Learn More
- Ranching for Profit
- Ranching.FYI
- Wally Olson, Olson Ranch LLC
Mentioned in this episode:
Know your numbers and win. Ranch Right is here to help with all of your financial needs. Click below to book a discovery call today.
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