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89. When Growth Creates New Risk in Your Business with Tyler Dawley

Ranchonomics

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About this episode

As a business grows, the risks change. What works when you are selling small amounts to many customers may not work when your operation begins moving larger volumes and dealing with much bigger invoices. In this episode, John Haskell sits down with returning guest Tyler Dawley to talk about how growth in Tyler’s pasture-raised chicken business has introduced new financial risks.

Tyler shares lessons he is learning in real time about protecting a business as it scales, including the emotional challenge of enforcing payment terms and why larger transactions require more formal agreements and processes. The conversation highlights an important point for any livestock or agricultural business: bigger operations require a different level of structure, risk management, and discipline.

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In this episode, we cover:

  1. How Tyler’s chicken business evolved from small direct sales to large wholesale orders
  2. Why larger customers and bigger invoices create new financial risks
  3. The impact that late or unpaid invoices can have on a growing operation
  4. Ideas for protecting your business with payment terms, contracts, and guarantees
  5. The challenge of balancing personal relationships with business decisions
  6. Why growing businesses need new systems for managing receivables and risk

Connect with Tyler:

  1. Check out his website
  2. Send him an email at [email protected]

Connect with Ranch Right:

  1. Subscribe on YouTube
  2. Follow on Instagram @ranchrightllc
  3. Follow on Facebook
  4. Check out the website
  5. Check out all of our past webinars here

Resources & Links:

  1. Book a Free Discovery Call to Learn More
  2. Ranching for Profit
  3. Ranching.FYI
  4. Wally Olson, Olson Ranch LLC

Mentioned in this episode:

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89. When Growth Creates New Risk in Your Business with Tyler Dawley

Ranchonomics

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