Look For The Black Swan In Your Business

If you’re not familiar with the term “black swan” made popular by recent books and business articles, it simply describes ways of looking at things, statements or beliefs that were thought to be true – only to be proven false.

Troy Marshall 2, BEEF Contributing Editor

April 15, 2010

2 Min Read
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If you’re not familiar with the term “black swan” made popular by recent books and business articles, it simply describes ways of looking at things, statements or beliefs that were thought to be true – only to be proven false.

As I sit here typing out this article, I’m wondering how many things I believe to be true will eventually be proven not to be. I’m sure there are a lot of black swan myths in the cattle business that we hold dear and which our children will one day be amazed that we ever subscribed to.

All I really know is that I’ve probably hit or am rapidly approaching that halfway point in my life, and the greatest fear I held when I graduated school was to be one of those people who went to the grave with their music still in them, who didn’t achieve the purpose that God had intended for them. As a young man, I met a horse trainer who didn’t necessarily live a life that others would want to emulate, but he amazed me in that he always pursued what he loved with a passion and lived according to his code.

Certainly, there might be more to life than riding horses 14 hours daily, but spending time with him, getting to see up close someone living out his passion, left an indelible mark on me. This was a man who didn’t necessarily share the outside world’s views on lots of things but he lived without compromise. I always sensed he had few regrets and had no need to offer any apologies to the man in the mirror. All that is a long way of saying that I, like many people, probably can’t so clearly look into that mirror and say that I’ve done what I should have done or with the focus that I’d hoped.

I believe we all create black swans that deter us from living the life we’re meant to live; often times, we’re not even aware of them. Identifying those black swans isn’t something I’ve been able to accomplish by sitting down and filling out a page in a notebook, but via experience, time and a willingness to be introspective for awhile. But identifying the black swans that hold us back from doing what we were meant to do relative to our cattle operation and my personal life is something I’m convinced is critical to moving to the next level.

About the Author

Troy Marshall 2

BEEF Contributing Editor

Troy Marshall is a multi-generational rancher who grew up in Wheatland, WY, and obtained an Equine Science/Animal Science degree from Colorado State University where he competed on both the livestock and World Champion Horse Judging teams. Following college, he worked as a market analyst for Cattle-Fax covering different regions of the country. Troy also worked as director of commercial marketing for two breed associations; these positions were some of the first to provide direct links tying breed associations to the commercial cow-calf industry.

A visionary with a great grasp for all segments of the industry, Troy is a regular opinion contributor to BEEF Cow-Calf Weekly. His columns are widely reprinted and provide in-depth reporting and commentary from the perspective of a producer who truly understands the economics and challenges of the different industry segments. He is also a partner/owner in Allied Genetic Resources, a company created to change the definition of customer service provided by the seedstock industry. Troy and his wife Lorna have three children. 

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