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Management Experience & Competence with Dallas Mount [episode 55]


header graphic for Management Experience & Competence with Dallas Mount [episode 55]

Listen to Management Experience & Competence with Dallas Mount on: Apple Podcasts | Spotify | Your platform of choice  



Dallas Mount returns to the podcast to discuss the trend of over-specialization in ranching, highlighting the challenges and pitfalls of diversifying too much, too quickly. Dallas and host John Haskell emphasize the importance of focusing on a few core businesses that operate at scale and are profitable when talking about management experience and competence. Dallas notes that businesses with one, two, or three profitable enterprises are more likely to be successful. They also discuss the tendency to overestimate revenue and underestimate the costs of new enterprises, as well as the value of community cooperation and interdependence over self-reliance, advocating for strategic partnerships over independent expansion.



In this episode, Management Experience & Competence with Dallas Mount, we cover: 

  • The current trend of diversification vs. specialization

  • How many enterprises are too many, and the challenges of managing a diverse business

  • The concept of "profit envy"

  • Considerations for starting a new enterprise, including the scale and experience of the business


Meet Dallas Mount:

Dallas Mount is the owner of Ranch Management Consultants (RMC), home of the Ranching for Profit School and the Executive Link program. Dallas has led RMC since 2019 and worked with thousands of ranchers across North America, Australia, and the UK to position their business for economic profit and ecological health. After working with the University of Wyoming Extension for 18 years, Dallas started teaching the Ranching For Profit School in 2012 and quickly established himself as an elite instructor. Dallas and his wife, Dixie, have two adult children and own and manage a grazing operation near Wheatland, WY. RMC is focused on creating profitable businesses, with healthy land and happy families.

  

Resources & Links: 

 

Connect with Dallas:


Connect with Ranch Right, LLC: 


Related Episodes:  

 

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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