EPISODE · Aug 6, 2020 · 1H 7M

Baaaaaaaad Business

from Sheep Stuff Ewe Should Know · host Ryan Mahoney/Dan Macon/Dr. Roselle Busch

Dan and Ryan take a look at the basic tools to financially evaluate how the business side of the ranch is doing.  The purpose and difference between a balance sheet, income statement, & cash flow statement are discussed and then applied to both Dan & Ryan's ranching experiences.   Be it sheep, cattle or crops, agriculture is run on thin margins and has a huge cash demand.  We also explore the importance of building a team of people to give advice and help guide a ranch top success.  Most importantly, how to relate to and interact with a banker.  We hope you enjoy and please leave a review or DM us on either of our Instagram  @flyingmule @californiasheeprancher

What this episode covers

Dan and Ryan take a look at the basic tools to financially evaluate how the business side of the ranch is doing. The purpose and difference between a balance sheet, income statement, & cash flow statement are discussed and then applied to both Dan & Ryan's ranching experiences. Be it sheep, cattle or crops, agriculture is run on thin margins and has a huge cash demand. We also explore the importance of building a team of people to give advice and help guide a ranch top success. Most importantly, how to relate to and interact with a banker. We hope you enjoy and please leave a review or DM us on either of our Instagram @flyingmule @californiasheeprancher

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Baaaaaaaad Business

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This episode is 1 hour and 7 minutes long.

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This episode was published on August 6, 2020.

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