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Management Mindset with Dr. David Kohl [episode 58]

  • ranchrightllc
  • 7 days ago
  • 3 min read

header graphic Management Mindset with Dr. David Kohl [episode 58]

Listen to Management Mindset with Dr. David Kohl on: Apple Podcasts | Spotify | Your platform of choice  



Dr. David Kohl again joins host John Haskell to discuss the importance of a management mindset in farming and ranching operations. They discuss why, as a non-financial factor, having a strong management mindset matters and some tools you can apply to improve the various aspects of your business. Dr. Kohl highlights the significance of having a written business plan, setting specific, measurable, attainable, reasonable, and timely (SMART) goals, and regularly monitoring and adjusting plans based on changing conditions.


In this episode, Management Mindset with Dr. David Kohl, we cover: 

  • Why the cranium is the "sixth C" in addition to the traditional five (cash flow, character, collateral, conditions, and capacity)

  • Effectiveness over efficiency and the concept of being a "five percenter"

  • Practical steps to start creating a business plan

  • The importance of transition planning and giving up control

  • Monitoring business plans and adjusting them based on changing conditions

  • Sensitivity analysis and risk management


Meet Dr. David Kohl:

Dr. David Kohl is an academic Hall of Famer in the College of Agriculture at Virginia Tech, Blacksburg, VA. Dr. Kohl has keen insight into the agriculture industry gained through extensive travel, research, and involvement in ag businesses. He has traveled over 10 million miles, conducted more than 7,000 presentations, and published more than 2,500 articles in his career. Dr. Kohl’s wisdom and engagement with all levels of the industry provide a unique perspective on future trends.

  

Resources & Links: 

 

Connect with Dr. David Kohl:


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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