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  1. Shepherd

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    Cattle will be cheap for a while, so it could be a good investment if you have the set up. We have over 100 head and the beef in the taco I'm eating right now came from our farm. We sell a lot of beef straight to consumers and I will do more of it in the future. We finish on grain the last...
  2. Shepherd

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    One easy example from the farm. I have nearly 300 sheep which need shearing every year. I don't know how to shear sheep and have zero interest in learning how to do it. But I know how much it should cost per head to have it done, I know what a good job looks like and I know who to call when I...
  3. Shepherd

    Calling All Fastlane Golfers!

    EXECUTION 
    Same here, I would love to try out your product.
  4. Shepherd

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    My dad had a conversation with me a few weeks ago where he told me that all the ground and buildings we use will be left to me (he had a recent health scare - false alarm). He expects that I will build on what is already there for my kids if they are interested down the line. He knows I won't...
  5. Shepherd

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    Thanks, Kak. I actually have thought about this thread a lot when I am riding a buggy across pastures checking livestock in the evenings when the sun is going down. I originally had a number in mind and a definite "finish line" as to what I wanted the business to look like. Now I realize that...
  6. Shepherd

    Think Big, and Then Think Bigger Than That.

    GOLD! 
    This is what I'm currently working through. I started another side business on top of my farming business with my dad on top of my day job specifically so I can reinvest in the farm and not draw out resources more than necessary. I have sacrificed money in pocket for years, but we now have the...
  7. Shepherd

    Auditing Friends' Circle

    PEOPLE 
    One general thing I do is to ask a lot of questions of those I interact with, either in my day job or my business dealings. I had a visit with a farmer last week for my day job and we talked for an hour or so. He mentioned that he had 28 rental houses. On a follow up call about other business, I...
  8. Shepherd

    Lex DeVille's: Guru Cults Exposed: The Tactics "Experts" Use To Pull You In & Suck You Dry

    GOLD! MARKETING 
    I really liked the MFCEO podcast when I first discovered it, but it quickly sputtered out for me. Same with Grant Cardone. Maybe just a personal preference, but I get a similar vibe that just doesn't resonate with me.
  9. Shepherd

    Is writing a book fast lane?

    HOT! 
    I have a novel (Thriller/Mystery) I wrote a few years back nearly ready to go. Cover is done, has been professionally edited. Probably a couple weeks of work and I could self-publish. It could easily translate into a series. And yet I procrastinate. I started writing simply because I wanted to...
  10. Shepherd

    Starting in my family business. Any advice on what to do, what not to do?

    One word of advice from experience that doesn't directly address your question: Understand that making this move WILL add complexity to your family relationships. Not necessarily better or worse, but complicated. Change will probably be difficult and should be approached carefully after you have...
  11. Shepherd

    This is what 60 Pounds (27 KGS) Looks Like

    GOLD! 
    I typically try to game plan before I hit the road and choose my hotels accordingly. Sometimes it's pretty generic, like Applebee's where I can get steak with shrimp and broccoli, but it does the trick. If I'm driving, I make low-carb wraps at home I can take with me so I don't snack on...
  12. Shepherd

    5 Years on the Fastlane Forum

    @amp0193, I got here because you recommended MFL on another forum. Totally random, but much appreciated.
  13. Shepherd

    Marijuana entrepreneurship; industry discussion

    HOT! 
    When I learned my dad was using CBD oil this past weekend for his arthritis, my ears perked up. Even though I'm in a state where medical marijuana is illegal, Hemp CBD would seem to be a great place to get started in anticipation of legalization in the future. Time for a deep dive in education.
  14. Shepherd

    Just got back from a trip to the Masters

    MINDSET 
    I used to get this a lot on a smaller scale when I was in purchasing 20 years ago. Several of them got frustrated when I didn't give them the bulk of my business despite the golf outings and dinners. I was in my early twenties, but not so naive not to remember who signed my checks. On a side...
  15. Shepherd

    100 Unsexy Business Ideas: Name as many as you can!

    GOLD! IDEA 
    One company I currently sell to has his product halal certified, but I haven't contemplated doing it myself. Another guy I sell to slaughters right off the farm, but is not certified although he communicates with his customers in basic Arabic and Spanish.
  16. Shepherd

    On track to retire by age 27! Rachel from KY

    INTRO 
    Great intro and nice job being focused at a young age. You guys are killing it. I'm right across the bridge in southern Indiana but work in the east end. Good to know there are deals to be had in the area. I plan on getting back into the rentals in 2019-2020.
  17. Shepherd

    Kentucky/Louisville Meet Up Interest

    MEETUPS 
    That date works for me. If I can do anything to help out beforehand, please let me know.
  18. Shepherd

    100 Unsexy Business Ideas: Name as many as you can!

    GOLD! IDEA 
    Thank you for your kind words. I'm certainly not a perfect father and my son and I still butt heads on occasion. However, I do recognize how inspiring it feels to be COMPETENT and to recognize and develop those areas. His competencies and mine are in different areas and I had to learn that.
  19. Shepherd

    Family Business

    INTRO 
    I am also in business with my father in a sub-section of a larger farm business owned by my father and my uncle, so I get the unique dynamics of your situation. Does your father see the same issues with the business that you do? Are there ways you can branch out under the umbrella of the parent...
  20. Shepherd

    Family Business

    INTRO 
    Welcome to the board. A couple questions right off the bat: Do you have equity in the company? Do you have a succession plan in place? How is your relationship with your father?

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