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In today's episode, host John Haskell welcomes back Wally Olson to discuss the importance of regularly valuing inventory and the power of retained earnings. We discuss how understanding market swings and inventory management can significantly impact profitability, as well as strategies for reinvesting earnings to create compound growth. Wally also explains the role of inflation and deflation in the cattle business and the importance of being prepared for market changes.
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, we cover:
- The importance of valuing your inventory frequently
- Selling overvalued and keeping undervalued inventory
- Retained earnings and reinvesting for compound growth
- Being prepared for market inflation and deflation
Make sure to hit subscribe/follow so you never miss an episode!
Connect with Wally:
- Check out his website
- Wally’s Upcoming Schools
Connect with Ranch Right, LLC:
- Subscribe on YouTube
- Follow on Instagram @ranchrightllc
- Follow on Facebook
- Check out the website
Resources & Links:
- His Cavvy Foundation
- Book a Free Discovery Call to Learn More
- Ranching for Profit
- Ranching.FYI
- Wally Olson, Olson Ranch LLC
Mentioned in this episode:
Knowledge shared is knowledge gained. Join our friends at Ranching.FYI on their new ranching forums. Click below.
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