Listen to Valuing Your Inventory & the Power of Retained Earnings with Wally Olson on: Apple Podcasts | Spotify | Your platform of choice
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, Valuing Your Inventory & the Power of Retained Earnings with Wally Olson, 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
Resources & Links:
Connect with Ranch Right, LLC:
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Connect with Wally:
Check out his website
Related Episodes:
Episode 3: Cow Depreciation and Cow Longevity with Wally Olson
Episode 20: Market Sales 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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