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.

Make sure to hit subscribe/follow so you never miss an episode!

In this episode, 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

Connect with Dallas:

• Follow on Instagram @ranching4profit
• Follow on Facebook
• Subscribe on YouTube
• Connect on LinkedIn
• Check out his website
• Send him an email at dallas@ranchmanagement.com

Connect with Ranch Right:

• Subscribe on YouTube 
• Follow on Instagram @ranchrightllc 
• Follow on Facebook 
• Check out the website

Resources & Links:

• Book a Free Discovery Call to Learn More 
• Ranching for Profit 
• Ranching.FYI 
• Wally Olson, Olson Ranch LLC

Mentioned in this episode:

Helping ranchers to make better decisions faster. Check out our friends at Ranching.FYI by clicking the link below.

Ranching.FYI