18. The Difference of Owners & Managers and How They Think
Ranchonomics · John Haskell, Ranch Right LLC
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Show Notes
In this episode, host John Haskell reconnects with Wally Olson to discuss the differences between how ranch owners and ranch managers think. Wally is providing valuable insight into these unique dynamics through his personal experience as a ranch manager and as a ranch lessee. We discuss the importance of resource management for the benefit of all stakeholders and how effective management is essential for ensuring a successful and sustainable business. We also dive into the differences in motivations and long-term goals between owners and managers, why preparedness is crucial in ranching, and the constraints of owning a ranch.
In this episode, we cover:
- The owner’s versus the manager’s perspectives
- Risk tolerance and motivation
- The differences between managing a ranch and leasing and operating your own ranch
- How owning a ranch can add constraints
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