This goes for any business, but is specifically written by a rancher to ranchers/farmers. It is sad how few ranching businesses stay as such from one generation to the next. Kit explains again one reason for this.
November 7, 2018
Cowboy Logic: “The future ain’t what it used to be.”
Consider the Future –
By Kit Pharo
Have you noticed that the most successful and happy people throughout history have been those who made decisions that were based on the future? It’s true! Successful people know that nothing stays the same. The present is different from the past – and the future will be different from the present. Those who make decisions that are based on the future will always have a HUGE competitive advantage over those who continue to make decisions based on the past and/or the present.
Unfortunately, nearly all people from all walks of life are afraid to make decisions that are based on anything but the past or the present. It has always been this way, and it will probably always be this way. Even though they can see things transforming before their very eyes, they are reluctant to make any changes in what they are doing. It’s as though they would rather fail doing what they have always done than succeed if success requires change. That is a shame – but it gives you the opportunity to move your family and your family’s business to a very sought-after position.
Based on what you think about the future, what kind of management decisions should you be making in your cow-calf operation? I’m not going to tell you what I think. I want you to do your own thinking. You may come up with something different and/or better than what I have. The decisions you come up with, however, need to be based on what you think the future holds. Be bold in your actions. Those who are slow to take the appropriate actions may lose all they have – forcing their kids and grandkids to get jobs in town.
Quote Worth Re-Quoting –
“The past cannot be changed. The future is yet in your power.” ~ Unknown