ibetyamissedme
Well-known member
It is always easy to spot a poor manager, they are the ones who need to charge significantly higher than market value, just to pay expenses.
poor managers
- Thread starter ibetyamissedme
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inyati13
Well-known member
I see many that fit that bill! I talk to producers here who omit many of their real expenses. They omit infrastructure costs. When you suggest that those are real expenses, they dismiss it with remarks like, well, I would have that building anyway or I needed fence down that side of the farm. Those are operating costs. Buildings have a limited life of service. If the average producer took into account every item of expense, very few are "good managers" if the criteria of making a profit is used.
cmf1
Well-known member
Hmm?
If they are getting what they are "charging", and staying in buisness, they may not be as poor a manager as you think.
If they are getting what they are "charging", and staying in buisness, they may not be as poor a manager as you think.
TexasBred
Well-known member
Well it might work once per customer. After they realize they've been screwed you have to find another sucker in order to keep covering your mistakes.cmf1":2rre4p38 said:
Recessions have a way of culling bad mangers. In every aspect of business not just farming.
Right now, everyone is making money. Told myself I wouldn't let good times effect how I ran the farm but can see where I've gotten a little sloppy here and there.
Are you still managing things like you were in 2008?
Right now, everyone is making money. Told myself I wouldn't let good times effect how I ran the farm but can see where I've gotten a little sloppy here and there.
Are you still managing things like you were in 2008?
The flip side of this argument is that 3 quick nickels beat a slow dime any day. I have a customer that charges $10 for a Jack on the rocks. The restaurants on both sides of him charge $5. I have talked to a former bartender of his who worked for one of the competitors also and he tells me that the competitor sold about 4 times as much Jack Daniels as my customer plus about every 3rd person would mention how expensive restaurant A was.
Sounds like penny wise and pound foolish to me.
A good manager makes money for the business. Period
Sounds like penny wise and pound foolish to me.
A good manager makes money for the business. Period
cmf1
Well-known member
TexasBred":yytx4flc said:
That being the case, I don't think they'd stay in business.
I didn't know this post was about gouging customers.
backhoeboogie
Well-known member
Cows are making land payments. Fuel costs. Property taxes. That's about it. Little bit extra now and then.
I get run of the land and good beef. k
People ask me. I tell them that the cows make land payments. They start their denial arguments. They don't believe honest answers. Seems they want to put me on the defensive. It's not their darn business in the first place.
I
I get run of the land and good beef. k
People ask me. I tell them that the cows make land payments. They start their denial arguments. They don't believe honest answers. Seems they want to put me on the defensive. It's not their darn business in the first place.
I
ibetyamissedme
Well-known member
;-)TexasBred":1dlw8dqi said:
greybeard
Well-known member
3waycross":20qub7q5 said:
Well, that depends on how good looking the bartendress and waitstaff are. Been in places that charged more than that but the scenery was worth every penny, and I'm not talking about strip joints.
greybeard":2pnhlmud said:
Quit bragging Greybeard, half the gals in Texas would qualify as beauty queens in other places. First time I went to the mall in Houston when it first opened I thought I was dreaming. :cry2: :lol2:
Few years ago I took some clients to a restaurant called Mila in New Orleans. High end, $85 and you don't get to pick you just wait for the courses. The main course was cattle cheek. Not the best cut on a steer if you ask me. Afterwards I pulled the manager to the side and said, "What is your markup on that cheek beef because I am pretty sure I can undercut your supplier at that price."
JWBrahman":82b81k0l said:
Had a friend who said something similar while eating at my dinner table. My wife who is a very beautiful woman looked at him and said "then why don't you put that knife and fork down and get yore sorry ass back to Texas". Needless to say he shut up.
3waycross":1eivqu0e said:
He got off easy. Nearly 25 years ago I worked in Montana with a fella from Auburn named Rutland Walker 3rd. We were moaning and groaning about the selection of single and available girls from the reservation where we were located. Rutland said a little too loud, "To heck with these squaws, I am making love to a beer bottle this summer!" As I started chuckling one of the roughest Blackfoot women you ever met grabbed my head, grabbed Rutland's head, and smashed us together like golf balls. Rutland started to get lippy with her so she shoved her knee in his throat, slapped him a few times, and asked him if he wanted some more. Then she turned to me and asked if I wanted some of that. Didn't make a peep.
TexasBred
Well-known member
cmf1":1ybswcgx said:
You must not have understood the original post.
backhoeboogie
Well-known member
Horse traders are always looking for an opportunity.
Had a guy call me to up to bid on cleaning up and clearing property. I gave him a fair bid. I don't negotiate and he wanted to negotiate. So he ran an ad in the paper.
A guy I know happened to under bid me. He did not have the equipment and had the nerve to call me up to subcontract work he did not have the equipment to do. Started chiding me to "be a friend." I gave him the guy's name that owned the place etc etc. Told him what my price was.
You start making a few nickels in any innovative way, someone else is going to come along and try the same business. Usually they think they are smarter than you or better managers. Maybe they have better contacts.
Had a guy call me to up to bid on cleaning up and clearing property. I gave him a fair bid. I don't negotiate and he wanted to negotiate. So he ran an ad in the paper.
A guy I know happened to under bid me. He did not have the equipment and had the nerve to call me up to subcontract work he did not have the equipment to do. Started chiding me to "be a friend." I gave him the guy's name that owned the place etc etc. Told him what my price was.
You start making a few nickels in any innovative way, someone else is going to come along and try the same business. Usually they think they are smarter than you or better managers. Maybe they have better contacts.
backhoeboogie":24ozfe6p said:
There is an old saying, whatever you do in life the bottom will be crowded but if you want to be the best there is plenty of elbow room. I am always underbid. Had the same thing happened to me at the Baton Rouge Airport. I did all the initial work, guy who hires alchoholics, junkies, and street people got the bid. Now everybody who flies through Baton Rouge complains about the leaded glass. It is not my fault, I tried.
Not trying to demonize people but let's be specific. A guy with ten acres and ten cows is going to have a lot more operating expenses. How he manages those expenses says everything about the price he can charge. Does he get a soil test or does he dump nitrogen and herbicide first? What do you spend on fencing, how do you fence, etc.
His decisions about which stock to pick, the appropriate protocols for castrating, weaning, and a lot of other things like purchasing or leasing equipment are going to dictate his operating costs.
Just one example= calving season will separate the good from the bad management quick.
cmf1
Well-known member
TexasBred":1odsmaj1 said:
Must not have.
I've never equated "market value" with what someone charges.
Always thought of it as what someone pays.
Only thing management contributes to is P&L.
Only thing management contributes to is P&L.
Never heard of P&L, is that patience and luck?
I prefer PEE
Perspiration- self explanatory
Education- learning what works and why
Experimentation- using what you have learned to improve pasture, cattle, and cash flow.
Never heard of P&L, is that patience and luck?
I prefer PEE
Perspiration- self explanatory
Education- learning what works and why
Experimentation- using what you have learned to improve pasture, cattle, and cash flow.
cmf1
Well-known member
Patience- it's good to be patient. It's also good to know when to shake the tree.
Luck- the harder I work, the luckier I get.
Both contributors to P&L.
Luck- the harder I work, the luckier I get.
Both contributors to P&L.
