John Haskell welcomes Dallas Mount back to the podcast to discuss how to think about the future while ignoring the past. Sometimes we find ourselves in a situation we don't want to be in, and we want to reset and start over. Dallas walks us through an exercise he covered in a recent presentation to help us reconsider all of our assets on paper.

He shares how to reevaluate and optimize assets on family ranches, emphasizing the importance of listing and valuing significant assets, such as livestock and machinery, and then considering their market value. The exercise involves imagining the business with this capital as cash and deciding how to reinvest it for better business outcomes. They also highlight the importance of striking a balance between profitability and employee satisfaction, as well as the potential pitfalls of holding onto unnecessary assets.

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In this episode, we cover:

• A walkthrough of Dallas's exercise to reevaluate assets and deploy capital
• Breaking out of the legacy trap and starting from scratch on paper
• Economic considerations of equipment ownership
• Potential pitfalls of this exercise and applying it in different situations

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• Ranching for Profit
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• Wally Olson, Olson Ranch LLC

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