Podcasts about topics mentioned

Can you believe we've hit 100 episodes?  To celebrate, I thought it would be fun to bring one of my favorite people on the show...my Dad.  We had what I think is a really interesting conversation about the ag law issues he's seen play out over his lifetime on our family farm and ranch.  Links to Topics Mentioned on the Show Dowell Show Lambs Prior episode on estate planning and study on issues with leaving the farm in equal, undivided interest Prior episode on Farm and Ranch Transition Planning   Thank you to our Sponsors! Capital Farm Credit Texas Corn Producers Texas & Southwestern Cattle Raisers Ag Workers Insurance Lone Star Ag Credit

133: How to Build the Best Team for Your Interior Design Business WITH MICHELE WILLIAMS How often do you consider the idea of a team in your business? Perhaps you are a solopreneur and think you work alone. Or maybe you have a huge group of employees and sub-contractors. Either way, and everywhere in between – we work as teams to get things done. On today’s podcast, we will look at the 5 areas to focus on for our teams to be strong. Topics Mentioned:  Role Expectations Team Characteristics Communication Feedback Loop Key Thoughts: When we are looking at the idea of team, we are only as strong as our weakest link. Michele (02:28)  Don’t keep trying to fit the round peg into the square hole. It will only cause frustration and will lead to a loss in income and sleep. Michele (04:34)  Not only do the roles need to be defined for a team, but the expectations for the work to be produced needs to be clearly defined. Michele (06:13)  The hardest part of team is not knowing where we are at all times. Communication is the key to solving this issue. Michele (07:49)     Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today The Belief That Could Be Killing Your Design Business - EP 127 with Michele Williams

Amazing topic and conversation! In this episode, Fatma Kocer talks with Justin Grammens about the fascinating work she and the team at Altair are by using Data Science and modeling to improve product design using structural optimization. Her quote that just being a Data Scientist, but needing to "know the domain" today, is spot on and very insightful. There are many other great quotes and insights from Fatma in this episode!Fatma has received a Bachelor of Science degree in Civil Engineering from the Middle East Technical University in Ankara, Turkey, and an MSc and Ph.D. degrees from the University of Iowa in Structural Optimization. Currently, she works as the Vice President for Engineering Data Science at Altair. In this role, she and her team work on engineering data science strategy, development, and execution which includes investigating and applying the latest technologies in the field, providing feedback into Altair's software, and supporting customer projects. Fatma is also a huge source of inspiration for women in the areas of STEM and education. as she is one of the recipients of Crain’s 2019 Notable Women in STEM recognition.If you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeAppliedAI Meetup in July 2020Structural OptimizationLoss FunctionComputer SimulationCrash SimulationsA Whole New Mind by Daniel PinkDifferential EquationCADCourseraEnjoy!Your host,Justin Grammen

Congress recently passed a bill creating a Livestock Dealer Statutory Trust, with a goal of helping livestock producers or sellers if they are in a situation where they are not paid for their animals.  Chelsea Good, Vice President of Government and Industry Affairs for the Livestock Marketing Association, is here to explain what this new legislation does and how it works. Contact Info for Chelsea Good Email:  cgood@lmaweb.com Phone:  816-305-9540 Links to Topics Mentioned on the Show Prior podcast episode with Jara Settles LMA policy webpage USDA Feasibility Study re: Dealer Statutory Trust  Prior podcast episode on Hot Topics in Ag Finance Law with Jeff Peterson  

131: How to Easily Create a Strategic Plan for Your Design Firm WITH MICHELE WILLIAMS Creating a strategic plan does not have to be difficult or overwhelming. If you followed along in my year end planning podcasts, you have a lot of the inputs to this strategy. If not no worries, you can do it now. Let’s build a strategic plan! Topics Mentioned:  Vision SWOTT Milestones Goals  Key Thoughts: A strategic plan, simply put, is a document that tells where a company or organization is going. Consider it your road map for traveling into the future with your business. Michele (4:54)   Part of the beauty of creating a plan is having an idea of where you are going so you can plan in advance. Michele (10:24)    Every company has a limited supply of resources. These resources can be time, money, and people. Knowing how to spend each of these gives us an advantage. Michele (15:40)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Traction by Gino Wickman 12-Week Year by Brian P. Moran and Michael Lennington 6 Pre-Planning Tips for Your Design Year - EP 116 with Michele Williams 4 Year-End Steps to Prepare Your Interior Design Business - EP 118 with Michele Williams Year-End Planning for HR, Marketing and Finances for your Design Firm - EP 121 with Michele Williams 5 Reasons Successful Interior Designers Use a Strategic Plan - EP 129 with Michele Williams

In this episode, Tyler Nigon shares with Justin Grammens his deep experience in production level agriculture and some of the cool ways AI is being applied to his field. Tyler is a Ph.D. Candidate in Land and Atmospheric Science at the University of Minnesota’s Department of Soil, Water, and Climate. Tyler is passionate about sustainable agricultural productivity. His research focuses on evaluating remote sensing and other precision agriculture tools to reduce fertilizer loss and keep our soil and water resources clean and productive.Tyler has been learning and applying AI techniques during his statistical training and graduate studies and he says that he finds AI to be a useful tool for the agricultural sector, not only in research but in practice as well.Tyler also recently co-founded Insight Sensing (together with a fellow Ph.D. candidate at the U) as part of the National Science Foundation Small Business Technology Transfer program.If you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeGISRemote SensingHyper Spectral ImagingReprogramming the American DreamMulti SpectricalPlanet Scope ImageryRegression AnalysisSupport Vector MachinePetiole Nitrate SamplingPrecision AgricultureEnjoy!Your host,Justin Grammens

Grant Ballard is a nationwide expert on litigating crop insurance disputes on behalf of farmers.  Today, he talks to us about crop insurance generally, offers tips for producers who purchase crop insurance, and gives us a rundown on two of his most impactful cases. Contact Info for Grant Ballard Website Email:  gballard@arkaglaw.com    Links to Topics Mentioned on the Show - Occidental v. Bush  - Owen v. FCIC

129: 5 Reasons Successful Interior Designers Use a Strategic Plan WITH MICHELE WILLIAMS When I started my first business, I was just doing the work that was in front of me. I had no real plan for where I wanted the business to go and no real plan for the financial success and long-term sustainability of my company. Each year setting goals felt like I was just choosing what felt right or what I was hearing from others at the time without any real basis at all. And you know what, the goals I set did not matter very much as the difficulty of the year progressed. Just like those fitness goals set in January with good intentions, they fell by the wayside. But there is a better way. Topics Mentioned:  Strategy  Planning  Clarity  Communication  Key Thoughts: A strategic plan, simply put, is a document that tells where a company or organization is going. Consider it your road map for traveling into the future with your business. Michele (4:54)   Part of the beauty of creating a plan is having an idea of where you are going so you can plan in advance. Michele (10:24)    Every company has a limited supply of resources. These resources can be time, money, and people. Knowing how to spend each of these gives us an advantage. Michele (15:40)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today

Super excited the share the conversation I had with Nicholas Heller. Nick is PhD student in the Department of Computer Science and Engineering at the University of Minnesota -- Twin Cities.Nick's research focuses on the development and validation of clinical prediction models for risk stratification and treatment planning in genitourinary cancer, especially renal cell carcinoma. In particular, he's interested in the use of deep learning to incorporate tumor appearance into prediction models in more expressive and objective ways while maintaining transparency and biological plausibility.Nick shares some really good books that I have listed in the notes below. Please reach out to Nick on his personal UMN page.If you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeMedical ImagingClassificationSegmentationAmazon Mechanical TurkBias and UnbiasedBraTS DatasetBraTS on KaggleKiTS ChallengeNick’s Github RepositoryNick’s KiTS DataTransfer LearningCross-Sectional Imaging510(K) ClearanceAndrew NgMichael NeilsonPattern Recognition and Machine LearningIntro to Statistical LearningDeep MedicineEnjoy!Your host,Justin Grammens

There have been a number of issues related to agricultural finance in the news recently, so I am thrilled to have Jeff Peterson joining us from Minnesota to walk us through some of the hot topics related to ag finance law.  We discuss the Dean Foods preferential payment letters, which many dairy farmers received, dealing with operating debt that the lender may not be willing to roll over, and about non-payment for livestock. Contact Info for Jeff Peterson Website Email:  jeffrey.peterson@lathropgpm.com   Links to Topics Mentioned on the Show  Article on background of Dean Foods letters Podcast episode on dealing with distressed agricultural loans featuring Michael Fielding   National Agricultural Law Center reading room for agricultural liens by state Texas Rural Mediation Services

I’m so happy to have had the opportunity to interview Tina Nguyen for this podcast. In this episode, Tina shares how she came from humble beginnings in Vietnam to go to college, receiving multiple master's degrees, an MBA, and now is an ML/AI Portfolio Manager at U.S. Bank in their Data Science department. Tina calls the women in her life a major strength in helping set her work ethic to arrive where she is at today.She is also on the executive board of directors at Northpoint Health and Wellness Center and a Woman of the Year Legends Award Winner from the Leukemia and Lymphoma society.In an extremely inspirational interview, you'll learn that Tina is a real go-getter and I fully believe that everything she sets her sights on, she will achieve.If you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeAugsburg UniversityPredictive ModelingMarketing Mix ModelingMulti-Touch AttributionGraph TheoryDifferential EquationsApplied MathematicsThe War on Normal People NIPS ConferenceATM SkimmingEthical AIGDPRICMLNeural IPSConflict ManagementOne Dimensional ManEnjoy!Your host,Justin Grammens

We're back for our fourth annual ag law year in review!  Paul Goeringer and I walk through several of the biggest ag law stories across the country. The list this year includes: Dicamba, the Clean Water Act, Right to Farm/Nuisance, and Beef Checkoff litigation. Contact Info for Paul Goeringer (Email)  lgoering@umd.edu (Twitter)  @aglawpaul (Blog)  http://agrisk.umd.edu/  (Podcast)  https://marylandagpodcast.org/  Links to Topics Mentioned on the Show - 2020 Ag Law Year in Review blog post - Dicamba podcast with Brigit Rollins  - Blog post on new Dicamba product registration through 2025 - Blog post on Navigable Waters Protection Rule - Navigable Waters Protection Rule podcast with Jim Bradbury  - Blog post on County of Maui v. Hawaii Wildlife Fund opinion - Podcast episode recapping County of Maui oral argument - Podcast episode with Jesse Richardson and Anthony Schutz on County of Maui opinion - Blog post on Fourth Circuit opinion in NC nuisance case - Blog post on Montana District Court opinion in beef checkoff case - Beef checkoff podcast with Harrison Pittman    

Topics Mentioned in this Episode:The definition of change management in commercial life sciences. (3:00)The importance of personalization and empathy in change management and beyond. (6:00)The acceleration of omnichannel, benefits of early adoption, and how change management ensures success across the full commercial team. (10:30)The impact of HCP consent in strategy execution. (16:30)They key differences between supporting field medical versus field sales. (19:00)How AI is improving, not replacing, personal interactions. (22:00)

118: 4 Year-End Steps to Prepare Your Interior Design Business WITH MICHELE WILLIAMS This podcast is part of a series to assist you in planning for the new year in your business. We are going to jump in and talk about a SWOTT analysis, goal planning, how to preserve our energy, and how to say no. Topics Mentioned:  Planning SWOTT analysis Goals Energy Key Thoughts: The first thing that I would have you do, is start with a SWOTT analysis. Michele (01:35)   Choose one big goal each quarter, make it SMART. Michele (06:14)    Go back and think about what energizes you and what drains you. Michele  (10:12)     Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Who's in Your Room: The Secret to Creating Your Best Life by Ivan Misner, Ph.D., Stewart Emery L.H.D., Rick Sapio 12-Week Year - by Brian P. Moran and Michael Lennington Setting Goals that Matter - Episode 20 with Jennifer Dawn Committed to the Pursuit - Episode 72 with Ceil DiGuglielmo 6 Pre-Planning Tips for Your New Design Year - Episode 116 with Michele Williams

When can a farmer save seed to use again for the next season?  What protections are in place for seed companies to prevent the illegal use or sale of seed?  What protections are offered by patent law, the Plant Variety Protection Act, and license agreements? These are the questions I sat down with Arkansas-based attorney, Joel Cape, to discuss.  Joel has represented seed companies, seed sellers, and growers in navigating these legal issues. Contact Info for Joel Cape Website Links to Topics Mentioned on the Show Asgrow Seed Co v. Winterboer Bowman v. Monsanto

In this episode, we speak with Jake Mason, a Senior Data Scientist at Carrot Health. Prior to his current role, he was at United Health Group where he developed and lead teams building real-time machine learning applications. Outside of his professional work, Jake has been a cofounder of two awesome meetup groups here in the Twin Cities. The first is "Analyze This" a group that focused on creating data science challenges by teams from data scientists in the community to help non-profits or other organizations achieve what they would have not been able to do themselves. Likewise, his next group, StarEightyTwo was on a mission is to help individuals learn analytics while creating positive change for nonprofits, businesses, and the public sector.If you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeVenn Diagram of Data ScienceReprogramming the American DreamNasim TalebDaniel KahnemanSignal & The NoiseVisual Studio CodeRStudioPythonRAnalyze This!Logistic RegressionMachine LearningXGBoostEnsemble LearningPJReddieMapping PrejudiceContinuous LearningMinneAnalyticsEnjoy!Your host,Justin Grammens

Destinee Berman is a modern marketer and a seven-figure launch strategist for experts and educators. With 15 years of marketing experience in Silicon Valley with clients like Twitter, HP, and Microsoft, Destinee left all that behind to step into her calling more profoundly. She has since helped entrepreneurs multiply their income through online courses, and launched dozens of digital schools, generating 15M+ in revenue for the last five years. Topics Mentioned in this Episode How she’s able to make 75 launches that generated 16.5 million in just a  span of 5 years. Strategies when creating online courses Common mistakes business owners make Why 90 days is a good time frame when launching your business Paid traffic or Organic traffic? Paid traffic strategies Her advice to aspiring entrepreneurs How she leads a life with intention and healthy boundaries Turning points that shaped her mindset and perspective to the woman she is now   More of Destinee The Accelerate Online Event - A 3-Day Virtual Experience  Visit her website destineeberman.com Follow her on Instagram @desberman Free training on how to turn your into a digital course reality at destineeberman.com/crystallize Giveaway Click here for a chance to win an awesome giveaway! Course Creation Mini Training to help you map out your course content

116: 6 Pre-Planning Tips for Your New Design Year  WITH MICHELE WILLIAMS Each year around this time, November, I begin the planning process for my business the next year. In the next few solo podcasts, I am going to share with you the steps I use to make sure that on January 1, I can move forward with confidence. Enjoy the podcast. Topics Mentioned:  Planning Review Time Dreaming Key Thoughts: Begin with a big chunk of time and do a deep dive. Michele (01:13)  Create space to really review the past year. Michele (04:37)    The more you try to please everybody you please nobody. Michele (14:10)  Identify what will create a balanced life. Michele (17:55)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Setting Goals that Matter - Episode 20 with Jennifer Dawn Committed to the Pursuit - Episode 72 with Ceil DiGuglielmo How to Stop Worrying About Your Interior Design Business - Episode 98 with Katie Baldwin

I am not even sure where to start with this one.  I suppose we start either with the chicken or the egg.  When criminal law attorney, Andrew Decker, had a case involving poultry that resulted in a criminal complaint, he found himself digging into the Texas Agriculture Code because his argument depended on open versus closed range law.  When I got a phone call where a domestic turkey owner was facing criminal charges--I knew just who to call. Listen in for a couple of wild stories where some birds roamed and we ended up with a couple of cases where ag law met criminal law. Contact Information for Andrew Decker  (Website) https://www.andrewdeckerlaw.com/ (Phone) 817-332-3822 Links to Topics Mentioned on the Show - Andrew & Andrew on Texas Criminal Defense podcast  - My episode on hemp and criminal law on Andrew's podcast - Ag Law in the Field Podcast episode on agriculture and mental health - Andrew's podcast on the chicken killing case - Ag Law in the Field Podcast episode on Fence Law  - Five Strands handbook - Owning Your Piece of Texas: Key Laws Texas Landowners Need to Know (Chapter 6 on Fence Law)

114: Creating Barriers to Entry for Your Design Business WITH MICHELE WILLIAMS If you have ever read the book, Book Yourself Solid, by Michael Port, you may be familiar with his velvet rope policy. This policy is created to establish boundaries for working with your ideal client. You identify your client and give them access to cross the velvet rope to work with you. In this podcast, we are going to dig into creating barriers and then removing barriers for entry to working with your company. Topics Mentioned:  Barriers Ideal Client Messaging Profitability Key Thoughts: The seven habits are: be proactive, begin with the end in mind, put first things first, think win-win, seek first to understand then be understood, synergize, and sharpen the saw. Michele (2:03)  Here are some of those possible questions that move you forward that you may think about when you're building your business. Michele (10:11)   We now have a strategy to use to inform our decision making. Michele (18:51)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Book Yourself Solid by Michael Port

This episode is a followup from some of the great conversations we had with Dave Mathais back in Episode 6! This time around, Dave and I riff on all the various online courses, meetups ( Hint -- AppliedAI.MN ), and data challenges that both compies and communities are holding to help elevate and build a community around what's possible with Artificial Intelligence.Finally, if you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeFast.AITWIMLTwin Cities Deep Learning Study GroupDeepLearning.AIPeter Thiel5AM ClubFlipped ClassroomSciTech ExperienceDevPostEnjoy!Your host,Justin Grammens

Family law is not my forte, which is why I contacted Stacey Barber to come and give us a lesson today!  Stacey is a family law attorney in Lubbock, TX and she did a great job of talking about community property.   What is the law in a community property state?  What is the difference between community and separate property?  When does this distinction matter?   Contact Info for Stacey Barber Website Links to Topics Mentioned on the Show  Blog post on Texas case involving cattle and community property National Ag Law Center Family Law Issues in Agriculture Fact Sheet 

Did you know that before a transmission line may be built in Texas, there is an entire proceeding before the Public Utility Commission in Texas?  Did you know that landowners potentially affected by a proposed transmission line are able to participate in that process? Brent Hamilton is here today to discuss the PUC process that applies to transmission lines and offers a few tips for landowners negotiating an easement for a transmission line. Contact Info for Brent Hamilton - Website - Contact Form Links to Topics Mentioned on the Show - Podcast: Eminent Domain FAQs with Zach Brady - Podcast:  Eminent Domain in Texas with Luke Ellis -Podcast:  Eminent Domain and Compensation with Jim Spivey

108: 50 Lessons Learned for Interior Designers WITH MICHELE WILLIAMS Today marks the beginning of year 3 of podcasting and the wrap up of year 2. This has been such a fun time, and it is difficult to believe that two years is behind us. Each year I love to stop and reflect on all that I have learned from hosting this podcast. Each person and topic have a teachable moment and almost always more than one. My continued hope is that each of you listening has had your life and business enriched in countless ways from this podcast. I ask you to review this podcast wherever you listen. I have not asked for reviews in more than a year – but it helps others find us. So, if you could take a minute to do that, I would be very thankful.   Topics Mentioned:  Scaling   Intentional decision making  Financials   Business Hierarchy of Needs Key Thoughts: Discussing client service strategies on Episode 57 with Ashley Uhl. Michele (3:46)  Sherry Wilson discusses Detailed Bookkeeping for Designers on Episode 67. Michele (8:29)   Learn about the Dynamics of an Entrepreneurial Family with Harrison and Brantley Williams on Episode 77. Michele (13:13)  Veronica Solomon discussed Consistency in Business on Episode 87. Michele (18:58)  Discover all about How to Build Supportive Relationships Within Your Design Business with Kara Cox on Episode 97. Michele (22:20)  In Episode 107, learn about how Alex and Michelle Gage encourage others to use Business Measurements for Your Interior Design Business. Michele (25:00)  Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today

Eminent domain is one of the most popular topics we cover.  Today, we are focusing on the important issue of compensation when property is being condemned.  San Antonio-based attorney, Jim Spivey, joins us to talk us through many helpful concepts related to compensation, and offers important tips to Texas landowners dealing with eminent domain. Contact Info from Jim Spivey Website Email Law Firm of Spivey Valenciano, PLLC Facebook Page Eminent Domain for Texans Facebook Group Links to Topics Mentioned on Show Podcast - Eminent Domain FAQs with Zach Brady Podcast - Eminent Domain in Texas with Luke Ellis Eminent Domain in Texas - A Landowner's Guide Blog post on Hlavinka decision  

Topics Mentioned in this Episode: What happens when terms like “omnichannel” go from hype to reality? (4:20)Why recent market changes are catalyzing digital transformation and how this is evident at Adobe. (5:20)How humans are ultimately the key to success in the life sciences industry. (8:10)The factors and conditions that have come together to create a more receptive environment for AI, ML, and the ongoing tech-driven life sciences commercial transformation? (13:40)Most surprising (and commonly misunderstood) aspect of the culture in life sciences?  (19:00)Frederik Bay is the Head of Digital Strategy at Adobe where he helps the largest life sciences companies in the world grow through strategy, digital transformation and corporate development. Frederick also spent nearly a decade at Pfizer in a range of commercial strategy roles, as well as being a pharma industry consultant at McKinsey, and before that he earned a PhD in Physics from Yale University. 

105: 5 Barriers to Scaling Your Interior Design Business WITH MICHELE WILLIAMS Scaling is the topic of this podcast. We know that scaling simply means growing in some capacity. When we set out to scale our business there are usually barriers and we will dig into 5 of them in this episode. Listen in and see what might need to shift in your business to allow it to grow.  Topics Mentioned:  Growth   Mindset  Infrastructure   Delegation Systems  Key Thoughts: You need to build your business Infrastructure. Michele (1:52)  You need to begin delegating your tasks. Michele (5:56)   Invest in yourself in learning how to manage and lead. Michele (13:13)  Market to not just your potential customers but also your potential team members. Michele (18:58)  You need to know your numbers and financials. Michele (20:46)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today E-Myth Revisited by Michael E. Gerber Traction by Gino Wickman Profit First by Mike Michalowicz

The Beef Checkoff Program is no stranger to litigation.  Today, Harrison Pittman joins me to talk about legal challenges to the Beef Checkoff programs, looking at the landmark decision in Johanns up to the more recent R-CALF v. Perdue. Harrison's Contact Information Biography Email: hmpittm@uark.edu    Links to Topics Mentioned on the Show National Agricultural Law Center Website National Agricultural Law Center Reading Rooms Johanns v. Livestock Marketing Association Opinion R-CALF v. Perdue Opinion Blog post on R-CALF v. Perdue Opinion Janus v. State, County and Municipal Employees Council

104: Why Building Credit for Your Interior Design Business is Necessary WITH KEITH KNAPP On the podcast today is Keith Knapp. Keith is a nationally recognized speaker and educator in business, marketing, and credit. We are going to focus our conversation on business credit. We will be defining what it is, why you need it, how to get it – and how to keep it. This is a very interesting and timely discussion. Hope you enjoy!  Topics Mentioned:  Business Credit Funding Credit Store Business Entity Key Thoughts:  How does a business get business credit? Michele (12:10)  There are 4 tiers of business credit. Michele (23:03)  Set up your business correctly, using specific entity structures that are best for your situation. Michele (28:50)   Who is looking through our credit? Keith (33:06)  How do you prepare for business credit. Keith (39:36)  How to qualify for business credit. Keith (45:13)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   Contact Keith: Facebook: Keith Knapp Website: Creditsuite.com   References and Resources: The Designers' Inner Circle - Become a Member Today

In this episode, we are joined by Dave Mathias. Dave is a Data & Product Coach at Beyond The Data and host of the Data Able Podcast. He’s also a leader in the Data Science and Analytics community having founded many meetups, conferences and is on the board of MinneAnalytics. Dave shares with us his deep experience in using data within originations to make better product decisions. We also touch on AI and generalized learning along with what the world might look like if Artificial General Intelligence (AGI) becomes a reality and human relationships in movies such as Ex Machina and Her. We also touch on a few online courses that our listeners might be interested in taking to learn more about applying Artificial Intelligence to their particular domain.Since recording this, I had a followup conversation with Dave specifically on Education and AI, which will be coming in a future episode!Finally, if you are interested in learning about how AI is being applied across multiple industries, be sure to join us at a future Applied AI Monthly meetup and help support us so we can make future Emerging Technologies North non-profit events! Emerging Technologies NorthAppliedAI MeetupResources and Topics Mentioned in this EpisodeTwin Cities (Data) Visualization GroupTwin Cities Data Fluency GroupProduct Camp Twin CitiesCustomer Focus NorthGeneralized LearningThe Differences Between Artificial and Biological Neural NetworksHomo DeusData ( Star Trek )Radio Isn’t DyingAI for EveryoneLiberal Arts EducationEnjoy!Your host,Justin Grammens

103: 5 Attributes of Legacy in Your Interior Design Business WITH MICHELE WILLIAMS We all leave a legacy of some type. We may think of it as an inheritance or heritage. But have you ever considered the legacy of your business?   In this podcast episode, I am going to share with you five attributes of legacy in your design firm. Let's work to build intentional legacy in our business. Enjoy the podcast.  Topics Mentioned:  Community Continuance   Leadership   Heart-based   Planning   Key Thoughts: Create community continuance. Michele (4:06)  Create an intentional leadership turn. Michele (6:48)   Create heart-based promoters. Michele (9:20)  Complete quarterly planning. Michele (11:44)  Embrace ongoing adaption. Michele (13:33)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Signs Your Interior Design Sales Process is Working, Episode 094 with Michele Williams 5 Indicators Your Interior Design Firm Profit is on Target, Episode 096 with Michele Williams 5 Hallmarks of Order in Your Interior Design Business, Episode 099 with Michele Williams 5 Features of Impact in Your Interior Design Business, Episode 101 with Michele Williams Measure What Matters, by John Doerr. Traction by Gino Wickman The 12 Week Year by Brian P. Moran and Michael Lennington

I'm really excited to have John McFarland, an oil and gas attorney who practices representing land and mineral owners and authors the popular Oil and Gas Lawyer Blog, on the show.  John is here to focus specifically on oil and gas royalties and the various legal issues that come up in that area. Contact John McFarland Website Blog    Links to Topics Mentioned on the Show Oil and Gas Lawyer Blog Checklist for Negotiating an Oil and Gas Lease   Podcast #33 Nicholas Miller (Negotiating an Oil and Gas Lease) 

Occultae Veritatis Podcast     Case #120: Thomas Midgley Jr     Join us as we talk about the American chemist that effected the atmosphere of planet earth more than any other single organism in earths history   Subscribe to the show here: https://ovpod.ca/ Support the Show: http://www.patreon.com/ovpod   Pallet Cleanser: Bats – Thomas Midgley Jr   Topics Mentioned:    Chemistry, Lead, gasoline, chlorofluorocarbons, CFCs, Ozone, Tetraethyllead, Freon, R12, hydrogen fluoride, dichlorodifluoromethane, ammonia ,chloromethane ,propane, sulfur dioxide, heath problems, poisoning, crime, greenhouse effect, greenhouse gases,

101: 5 Features of Impact in Your Interior Design Business with Michele Williams Impact refers to transformation – not just information. When we can move our business relationships and outcomes past the transaction stage, that is where the real change occurs.  In this podcast episode we are going to review the five features of impact in an interior design business and see how after “getting” we can “give.”  Enjoy the podcast.     Topics Mentioned:  Transformation Feedback    Motivation Network Key Thoughts: You have a transformation orientation. Michele (2:58) You have mission motivation. Michele (8:52) Profitability You have dream alignment. Michele (11:39) You have feedback integrity. Michele (13:45)   You have a complimentary network. Michele (16:19)   Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Aim with Intent Methodology  Secret Service  by John Dijulius Fix This Next, by Mike Michalowicz Start with Why by Simon Senek 5 Signs Your Interior Design Sales Process is Working, Episode 94 with Michele Williams 5 Indicators Your Interior Design Firm Profit is on Target, Episode 096 with Michele Williams 5 Hallmarks of Order in Your Interior Design Business, Episode 099 with Michele Williams

099: 5 Hallmarks of Order in Your Interior Design Business WITH MICHELE WILLIAMS Order in a company allows for repeatability, efficiency, and expected outcomes. We create some order when we begin, but focusing on order, at the appropriate time, allows us to fine-tune the work being done and the product being delivered.   In this podcast episode, I am going to share with you five hallmarks of order in your design firm. Order becomes the focus after we have a solid sales and profitability plan in place.      Topics Mentioned:  Wasted Effort Reputation    Team Redundancy Key Thoughts: The first hallmark: Minimize wasted effort. Michele (3:26)  Second hallmark: Reputation. Michele (07:49)   Third hallmark: Team engagement. Michele (12:02)  Fourth hallmark: Role alignment. Michele (15:48)  Fifth hallmark: Linchpin redundancy. Michele (17:20)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today 5 Signs Your Interior Design Sales Process is Working, Episode 094 with Michele Williams 5 Indicators Your Interior Design Firm Profit is on Target, Episode 096 with Michele Williams

Mandatory Country of Origin Labeling.  Packer investigations and litigation.  Trade.  Slaughter regulations.  These are just some of the topics related to the beef industry that have been in the news recently.  I went to some of the leading experts in the country to talk us through these issues to help understand what has been going on and the economics and law behind these issues. Contact info for Dr. David Anderson (Email) danderson@tamu.edu  (Phone) (979) 845-4351 (Twitter) @LivestockEcon  https://twitter.com/LivestockEcon Contact info for Dr. Justin Benavidez (Email) justin.benavidez@ag.tamu.edu (Blog) https://agrilife.org/amarilloagecon/  (Twitter) @amarilloagecon  https://twitter.com/AmarilloAgEcon (Facebook) @Amarillo AgEcon  https://www.facebook.com/AMAAgEcon/ Contact info for Beth Rumley (Email) erumley@uark.edu (National Ag Law Center Website) https://nationalaglawcenter.org/  (National Ag Law Center Twitter)  @nataglaw  https://twitter.com/nataglaw Links to Topics Mentioned on the Show NDSU, TAMU, WVU podcast series on beef industry topics TAMU Center for North American Studies website Dr. Justin Benavidez Amarillo Ag Econ blog National Agricultural Law Center website  National Agricultural Law Center reading rooms National Agricultural Law Center meat processing laws in the US   Tiffany Lashmet is a partner of the National Agricultural Law Center (www.nationalaglawcenter.org) at the University of Arkansas System Division of Agriculture, which serves as the nation’s leading source of agricultural and food law research and information. This material is provided as part of that partnership and is based upon work supported by the National Agricultural Library, Agricultural Research Service, U.S. Department of Agriculture.

Occultae Veritatis Podcast   Case #118: Tarrare     Hosted by Official Cult Member Magnus Lee   The 1700s French Showman that was said to be able to eat whatever you dared him to   Subscribe to the show here: https://ovpod.ca/ Support the Show: http://www.patreon.com/ovpod   Pallet Cleanser: Speeding Towards an Imminent Demise - Soundbyte   Topics Mentioned:    Tarrare, Tarare , Competitive Eating, Showman, French Revolutionary Army, Espionage, Spycraft, Cannibalism, Binge Eating, Eating live animals, Hyperthyroidism,  polyphagia , damaged amygdala , War of the First Coalition , apothecary, Germans, tobacco, vinegar, wine, eggs, cats

098: How to Stop Worrying About Your Interior Design Business with Katie Baldwin On the podcast today is Katie Baldwin, the founder of Katie Baldwin Designs out of Lakeville, Connecticut. Katie is an awesome designer who has started shifting her business just a little bit to focus on some of the areas that she really loves, instead of doing what she thought she had to do. She's following her heart, her strengths, and skill set and finding that her joy has been increased. In addition, this focus has brought great opportunities for collaborations with other professionals. I hope that you enjoy listening today. Maybe consider taking a step back and looking at your own life and your own business. Ask yourself where you're doing what you think you have to do, and maybe where you have an opportunity to do what you want to do.  Topics Mentioned:  FOMO Strengths Clarifying Questions Project Management Key Thoughts:  Apologizing about and around the business, especially when it’s different from the rest of the industry. Michele (10:47)  How the reaction around you contributed to your apologizing. Michele (18:19)  Setting up a system to move through different types of business disruption. Katie (23:28)   Looking at what education or experiences do you need. Michele (33:34)  Doing a financial analysis for you to reach your business goal. Michele (42:33)  Putting a system in business is an iterative process. Michele (51:35)    Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   Contact Katie: Facebook: Katie Baldwin Designs Instagram: @katiebaldwindesigns Website: www.katiebaldwindesigns.com    References and Resources: The Designers' Inner Circle - Become a Member Today How to Build Supportive Relationships Within Your Design Business, Episode 097 with Kara Cox Bookkeeping for Success, Episode 053with Emily Moore

097: How to Build Supportive Relationships Within Your Design Business WITH KARA COX On the podcast today is Kara Cox, of Kara Cox Interiors. I’ve just got to tell you this was such a fun and a delightful conversation. It was recorded in mid-April while we are kind of figuring out how to work around the COVID disruption, and how things are going to start back up. What I love so much is Kara’s open and inviting personality. She just draws you in and has that beautiful southern speech.     Something that struck me in our conversation was the idea of how beautifully she was mentored and taken care of by another designer. This designer then also encouraged her to launch her own design firm. We don’t hear that very often, so listening to her share the story and sweet relationship was such an encouragement. Kara goes on to talk about how she has worked really hard to figure out how she serves others; not only her staff and her clients, but her community. I think you will be encouraged. Hope you enjoy the podcast. Topics Mentioned  Leadership Coaching and Mentoring  Service Change Key Thoughts: Kara’s mentor, Lindsay Henderson, taught her what servant leadership meant: those who literally served their clients, their community, and also served their employees. Kara(09:52) The more we learn about ourselves, the more we learn about the people that we work with on a daily basis in our team, the better we can meet their needs and we can figure out how to motivate the individual. Kara (20:32) Hiring a business coach, Tobi Fairley, transformed the way Kara does her business. Kara (25:08) Running a transparent business with the one flat fee and explaining the benefit to the clients. Kara (31:36) Adapting and continuing to a new normal by trying to offer some different services. Kara (48:04) The minimum that you need to do to keep your family going to keep your business going. Michele (52:25) Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL Contact Kara: Facebook: Kara Cox Interiors Instagram: @karacoxinteriors Website: www.karacoxinteriors.com References and Resources: The Designers' Inner Circle - Become a Member Today Think and Grow Rich by Napoleon Hill

Bart Fischer is an ag policy big wig, so we were thrilled to have him on the show to give us an overview of the recently announced Coronavirus Food Assistance Program (CRAP) program.  Bart give us a great rundown of the program, the various provisions, and some of the issues or questions that have arisen so far.  Don't forget that the CFAP sign up is open now through August 28, 2020. Dr. Bart Fisher's Contact Info (Phone) 979.845.5913 (Email) bartfischer@tamu.edu Links to Topics Mentioned on the Show AFPC Overview of CFAP Program paper 

096: 5 Indicators Your Interior Design Firm Profit is on Target WITH MICHELE WILLIAMS On the podcast today we're going to learn how profitability directly impacts the sustainability of a company. This is acutely understood at a time like this in our world and economy. The higher the profits and the better the management of those resources – the more sustainable the firm is. The lower the profits, the less management of those funds and the less sustainable the company is.  In this podcast episode, I am going to share with you five indicators that your design firm’s profit is on target. We will dig into why profitability matters and where to start managing it properly in your firm.     Topics Mentioned:  Profit Margins   Debt    Cash Flow   Cash Reserve  Key Thoughts: Know your profit margins. Know the current and future value of your ideal clients. Have a cash reserve. Have a plan to manage debt. Understand and employ a leveraging strategy. Profitability layer is instrumental as we build up and we build order and we build impact with the legacy. Michele (09:25)  By clearly defining the goals of how you spend money, you're going to be in a much better position to assist the company to live within its means. Michele (12:51) Profitability and the company allows for money to be allocated to the health and the sustainability of the company as a whole. Michele (17:09)   Leveraging in this situation simply means investing in something to gain a profit, which is greater than the investment. So if we're going to put money in we want to get more money out. Michele (21:24) As your business grows readdress your KPIs, look for new or different measurements to guide your current and future success. Michele (25:04) Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: The Designers' Inner Circle - Become a Member Today Financial Health Checkup  Financial Planning Made Simple  Aim with Intent Methodology  Understanding Your Financials and Master Your Profit  Fix This Next, Profit First,  by Mike Michalowicz E-Myth Revisited by Michael E. Gerber  All Roads Lead to Profit, Episode 004 with Mike Michalowicz Backward Financials for the Win, Episode 011 with Tracie Taylor How to Start Profit First with No Profit in Your Design Business, Episode 092 with Michele Williams

Dicamba has been the big ag law news story over the last week.  Brigit Rollins is here to chat all about the US Court of Appeals opinion vacating the federal registration for Xtendimax, FeXapan, and Engenia.  We walk through the background of the products, rundown the facts of the case, discuss the details of the court's opinion, and speculate on where things may go from here.  We also chat about the other litigation involving these products related to drift claims.  If you want to get caught up on everything in one place, we've got you covered! Contact Info for Brigit Rollins (Email) brollins@uark.edu (Phone) 707-494-3138   Links to Topics Mentioned on the Show - Brigit's Deal with dicamba blog series  - Blog post on Ninth Circuit decision - Blog post on EPA Final Cancellation Order - Prior podcast episode on dicamba 

He's back... Our friend Jim Bradbury is back again to talk about the latest definition of "waters of the United States" under the Clean Water Act.  The Trump administration's "Navigable Waters Protection Rule" will be final on June 22, 2020 and Jim is here to walk us through the new rule, how it compares with the Obama adminstration's 2015 WOTUS Rule, and where we go from here.    Contact Info for Jim Bradbury (Email) jim@bradburycounsel.com  (Website) http://bradburycounsel.com/ (Twitter) @jimbluewind   Links to Topics Mentioned on the Show Episode #3 - Jim Bradbury (WOTUS Rule) Episode #16 - Ask an Ag Lawyer Program Recap Episode #29 - Jim Bradbury (WOTUS Update)  Episode #30 - Jim Bradbury (CERCLA Air Emissions Reporting & Agriculture) Episode #51 - Jim Bradbury (WOTUS Update)  Episode #58 - Jim Bradbury & Jesse Richardson (Pros and Cons of Conservation Easements)  Text of the Navigable Waters Protection Rule  National Ag Law Center blog post on litigation challenging NWPR

094: 5 Signs Your Interior Design Sales Process is Working WITH MICHELE WILLIAMS To really start a business, you need sales because sales are the lifeblood of a company. It doesn’t matter if you have an awesome idea or of your product and service is best in class if no one is buying. It is just that simple.     In this podcast episode, I am going to share with you five signs that your interior design sales process is working. We will look at the metrics you need to consider as you determine the health of your business.     Topics Mentioned:  Lifestyle   Prospecting   Conversion   Commitments Key Thoughts: To really start a business, you need sales, because sales are the lifeblood of a company. It doesn't matter if you have an awesome idea or a great product or service, even if it's best in class if no one's buying, and it's just that simple. Michele (0:00) The business, while it is supposed to take care of the clients is ultimately to take care of the owner who's taking care of the risks. Michele (6:05)  Not paying the owner, or not paying the owner the equivalent of what the owner should make is a much smaller salary. And we call this entrepreneurial poverty. And that was what Profit First was written for, to get us out of entrepreneurial poverty. Michele (6:30)    Contact Michele Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: All Roads Lead to Profit, Episode 093 with Mike Michalowicz - Listen Today EP. 093 Fix This Next in Your Interior Design Business with Mike Michalowicz - Listen Today

On the podcast today we're going to discuss on how to figure out what your business is currently struggling with. Recognizing and prioritizing it based on data analysis instead of emotion. This will help us gain clarity, highlight our most basic and foundational needs, then build a more accurate needs hierarchy. By following this path, we will be able to overcome any inaction from confusion and choose the best course of action.      Topics Mentioned:  Survival Trap   Business Hierarchy of Needs    Business Crisis   Block Control  Key Thoughts: The biggest struggle that business owners have is knowing what their biggest challenge is because of the overwhelm. – Mike (2:56)  Identify what the business really needs and make a decision that is consistent with addressing that specific need - Mike (8:21)  Your business needs an adequate foundation to support the layers above it. - Mike (13:40)  It is very important to base our business decision on data instead of emotion. - Michele (22:46)  When you're feeling overwhelmed or paralyzed, start breaking down what you need to do to move forward. - Mike (36:30)  Contact Michele Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL Contact Mike Website: www.mikemichalowicz.com Instagram: @mikemichalowicz Facebook: Mike Michalowicz Fan Page Twitter: @MikeMichalowicz LinkedIn: Mike Michalowicz References and Resources: The Designers' Inner Circle - Become a Member Today Fix This Next, Pumpkin Plan, Surge, Clockwork, Toiletpaper Entrepreneur  by Mike Michalowicz How to Stop Worrying and Start Living by Dale Carnegie Hierarchy Assessment   The Cash Positions 

The recent United States Supreme Court decision in County of Maui v. Hawaii Wildlife Fund will have major implications in both water and environmental law.  Hear about the case, the opinion, and the potential impact on agriculture and other industries going forward from two of our favorite podcast guests, law professors Jesse Richardson and Anthony Schutz.   Contact Info for Jesse Richardson (Email)  jesse.Richardson@mail.wvu.edu (Phone) 304-293-9460 (Twitter)  @jessejames8785   Contact Info for Anthony Schutz (Website) https://law.unl.edu/anthony-schutz/  (Twitter) https://twitter.com/anthony_schutz    Links to Topics Mentioned on the Show Blog post on County of Maui v. Hawaii Wildlife Fund opinion Podcast: SCOTUS Oral Argument Recap EPA Interpretive Statement on indirect discharges  Blog post summarizing indirect discharge cases Podcast:  Anthony Schutz on the Clean Water Act   Podcast: Jim Bradbury & Jesse Richardson on Conservation Easements Podcast: Jesse Richardson on Regulatory Takings  Podcast: Jesse Richardson on Exempt Wells

In this special episode of the Ecommerce Exits Podcast, Nate Ginsburg reviews the upcoming plans for quarter 2 of SellerPlex, his journey to acquiring new businesses, his long awaited accelerator opportunity and much more...Topics Mentioned in Today's Show:A quick review of Q1, 2020Adjusting to a Post CoVid-19 WorldWhat the New SellerPlex means for me and youWhat is the Ecommerce Exits Accelerator?My next investments and why it matters to you.Q2 and beyond!---Click here to Listen, Subscribe, and Review Ecom Exits Podcast on ApplePodcastsThanks so much for joining us this week. Want to subscribe to the Ecom Exits Podcast with Nate Ginsburg? Have some feedback you’d like to share? Connect with us on ApplePodcasts and leave us an honest review!Your feedback will not only help us improve the show, but it will help us connect with more high flyers like you.Subscribe to the eCOM EXITS Podcast now

092: How to Start Profit First with No Profit  with Michele Williams On the podcast today, we are going to tackle excuses that I hear sometimes. "I cannot do Profit First because I don't have enough profit. I'll get to that later when I am profitable." What if I told you that not doing PF before having profit could be the problem. Listen in today to learn how to save your profit before you have any. Ok, Let's just get this out on the table early. I am a certified Profit First coach and have been since 2015. This method of managing your money works. I also have facilitated the Financial Peace education from Dave Ramsey. I serve creatives – like you – and my focus is to help you create and maintain profit in your company so that you can have a sustainable business. Let's talk about how to create a profit first strategy even if you don't yet have a penny of profit.   Topics Mentioned:  •Working within constraints  •Profitability mindset and habits  •Building the business for the future  •Strategic debt Define Profit To begin, let's define profit. Profit is the money that we set aside with intention, to make our businesses sustainable. This might be a slightly different definition from what you have learned in the past. Maybe you heard something along these lines: profit is what is left over after all the bills have been paid. But this definition is inherently flawed. If we wait until all spending is done to recognize profit – then we are considering profit an afterthought to doing business. Yet, we all go into business with some idea of making a profit. If that is the case, why would we not plan for profit from the beginning and set it aside to protect it as the business is growing? Have you ever heard of Parkinson's Law? This is the law that says work expands to fill the space available for completion. Money does the same. In simple terms, the more money we make the more we spend. In the discussion of time – let's say you have two weeks to get something done. In most cases, you will complete the work right before it is due. If you had two days, the same would hold true. If there are limits to our resources, we normally adapt and work within those constraints.  By not limiting our expenses and letting profit be a left-over – we are setting ourselves up for disappointment. Because expenses tend to expand if not seriously controlled to gobble up any and all profits we have. Shiny objects – anyone? So, going forward, we will consider profit as a percentage of our Real Revenue (or gross profit) that we want to preserve for our company's sustainability. Keep in mind, as we discuss profit in a PF model, we are not talking net profit on your Income Statement. We are looking at company profit as separate from any owner's benefit, including salary and owner's draws. This profit is company sustainability. We will distribute it at given times, but it is meant to support the company, not just the owner. Have a Profit Mindset It is important to focus on profitability from the start. While our company's profit may not be as high as we want it to be when we begin, we do need to start with the mindset that it is important, will be made and saved. I love what Dave Ramsey says, "We have to love saving more than spending." Zig Ziglar put it like this, "If you do the things you need to do when you need to do them, then someday you can do the things you want to do when you want to do them." Our mindset controls all that we do. I am not talking Pollyanna thinking, but seriously taking our thoughts captive and asking hard questions. Are these thoughts truthful? Am I setting myself up for success or failure, depending on my thoughts? Our actions stem from our belief systems – and they are not always in alignment with what we say we want. Making a clear decision to make and save profit in a company is a huge first step. Then following through with action is what will ultimately create the success we are working for. What do you believe about profits? What do you think you should do with profits? How much do you think is enough? All of your answers are guiding your decision making, even if you are not consciously aware of it. Even before you earn your first dollar, you can decide what you believe about money. Money is not good or bad. It is amoral. What we choose to do with money is where morality comes into play. I can tell you this. I cannot give away money I don't have. I cannot invest money I don't have. I cannot leave a legacy I don't have. Decide early on to be profitable and to do what it takes in your business to make that happen. This may mean growing quickly or slowly. It may mean hiring or firing. It just means you have to be willing to take a long hard look and be intentional in your choices. Even when you are profitable at the level you desire; you are still working on your profitability mindset. Decisions come into play with efficiencies and competitors' advantages, which can reduce our profitability even if we change nothing. This work is never done. Start early and keep reviewing your mindsets around money and profits. Create Profit Habits From the Beginning Habits are so much easier to create with small amounts of something than when you have a windfall. Want to start a new 401k habit? It is easier to put in 3 or 6% than 15%. But if you choose to start with 3-6%, you can gradually increase to 15% or more without the shock. Starting profit saving behaviors when you begin your business is the same thing. Set up a framework of decision making and activity that allows for your current and future success. How do we do that? I have my clients that are either new in their business or just starting to begin by allocating 1% of their Gross Profit each allocation period to company profit. Just 1%. Small amounts add up quickly. When we can do 1%, we try to stretch to 2% and so on. Just getting into the habit of moving money into the profit bank account at 1% works that profit saving muscle in our business. The more we do it, the stronger we get. The more excited we get – and we begin looking for ways to build up more and more profit while exceeding the product and service offerings.  Even when we have debt to pay off, we use the profit account as a pass-through. This shows us clearly what could be profit if the payments were made to us instead of to debt reduction. And we are already in the habit of saving for profit when the debt goes away. If we pay off debt without seeing it as spending our profit, then we can easily assume we never had that money and allow future expenses to eat it up. Going into a profit account then out to pay debt is clear, and a very direct correlation is made about what our money is being spent on. Measure What Matters You have probably heard it said that you get what you inspect, not what you expect. Make a plan to measure what matters – and profit matters. Dave Ramsey says, "You will either learn to manage money, or the lack of it will always manage you."  There are two ways I love to manage money. The first is by creating a budget for my company. A created plan in advance of how my money will be spent to attain the goals I have set forth. Then I love each month to measure to that budget to see if I am on track to meet my goals.  John Maxwell said, "A budget is simply telling your money where to go instead of wondering where it went." Here is a good indicator that you don't know where your money went. Look at your P and L and see the net profit at the bottom. Recognize that money is not in your bank account or on your balance sheet and wonder where it is. That is an indicator that something is not being measured accurately. Again, starting with smaller amounts of money and being clear on what it is allocated for and how it will be spent will help you stay in line – and in alignment with your values and goals – as sales increase and more money comes in to be managed. Decide About Debt Make a decision before you begin with regard to debt. Is this something you want to have in your company? How much is too much? What will you allow debt to be created for – and what is an immediate no? How will debt be managed? It is easy, in our environment today, to take on more debt than we need to. We are offered loans and credit cards in the mail on a consistent basis, and these can easily be alluring if we have a dream but no current funds to make it a reality. Debt can work, but it has to be extremely strategic. Otherwise, it is a set of weights on our shoulders that keep us from moving forward. Debt can keep us from being able to react swiftly or nimbly. And remember this – it has to be paid back. It is not free money. Mike Michalowicz says this, "well-dressed poverty is still poverty." We must decide to consistently spend less than we make to stay out of debt. Our company needs to be able to live within its means. Otherwise, debt will be our burden and will control our ability to grow with peace and ease going forward.  To be truthful, implementing a money management strategy like Profit First is more about what you believe, followed by action to show those beliefs. Any new system or strategy can be difficult. But when thought about in advance and decision making is done prior to being in the heat of the moment, your way forward will be most clear. I have built a business and worked hours upon hours to make no money. It is a terrible feeling. I have also planned for profit from the start and been much less stressed. And I like this way better. No matter where you are right now – with an idea for a business or 30+ years in, you can move forward. If you are making tons of profit and don't know what to do with it – call me. If you know that there can be a better way – call me. I am telling you – It is never too early or too late to do business better! Start now. Don't wait.  Decide today to manage your money, so the lack of it doesn't manage you. I am happy to assist. Because what seems simple is not always easy. Go to ScarletThreadConsulting.Com and sign up for a discovery call and let's see how we can move your business forward to be as profitable as possible. I will end this podcast like I have every other one before with a reminder that profit doesn't happen by accident. Key Thoughts: Create a business that is profitable and to plan for that from the very beginning, set some aside to protect it as the business is growing. - Michele (03:30)  We're not just building the businesses we have today. We're building the businesses we want to have tomorrow. - Michele (11:44)  Make a plan to measure what matters and profit matters. - Michele (14:49)  To stay out of debt, we have to love saving more than spending. - Michele (18:00)  Contact Michele Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL   References and Resources: All Roads Lead to Profit, Episode 004 with Mike Michalowicz Profit First by Mike Michalowicz Financial Peace by Dave Ramsey

The law surrounding estate, gift, and inheritance tax is an are that is both complicated and important, especially for agricultural producers.  Today, Kitt Tovar and I discuss the key issues related to these taxes and hope to help listeners flag considerations in their own lives where there could potentially be tax implications.  Contact Info for Kitt Tovar (Website) https://www.calt.iastate.edu/people/kitt-tovar (Email) kwtovar@iastate.edu   Links to Topics Mentioned on the Show Center for Ag Law and Taxation website

I'm willing to bet that no one knows more about wind energy leases than Shannon Ferrell.  We are excited to have him on the show today to discuss some of the key considerations when negotiating a wind lease. Contact Info for Shannon Ferrell (Email)  shannon.l.ferrell@okstate.edu (Twitter)  @shanferrell (Website) http://agecon.okstate.edu/faculty/profile.asp?id=shannon.l.ferrell&type=faculty  Links to Topics Mentioned on the Show Shannon's prior podcast episode "Transition Planning" Shannon's prior podcast episode "Transition Planning & Lessons from the S Lazy H" Shannon's "Wind Energy Leasing Handbook" Texas statute on required wind lease terms

Special use property tax valuation is an important consideration for rural Texas landowners.  I am thrilled to have Cassie Gresham with us to talk about the different types of tax valuation options for people in agriculture, what is required to receive this special use valuation, the policy reasons behind the valuation, and what happens if land is taken out of the qualifying agricultural use. Contact Info for Cassie Gresham (Phone) 512.894.5426 (Email) cgresham@braungresham.com (Website) https://braungresham.com/meet-the-team/cassie-gresham/   Links to Topics Mentioned on the Show   Texas Comptroller website for special use valuation Texas Parks & Wildlife website for wildlife valuation Plateau Land & Wildlife Management free events  Texas A&M AgriLife Extension wildlife management valuation