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 perspectivesRisk tolerance and motivation The differences between managing a ranch and leasing and operating your own ranchHow owning a ranch can add constraints Make sure to hit subscribe/follow so you never miss an episode! Connect with Wally: Check out his websiteWally’s Upcoming Schools Connect with Ranch Right, LLC:  Subscribe on YouTubeFollow on Instagram @ranchrightllcFollow on FacebookCheck out the website Resources & Links:  Book a Free Discovery Call to Learn MoreRanching for ProfitRanching.FYIWally Olson, Olson Ranch LLC Mentioned in this episode: Zone Rancher Course