Working with Family
Succession planning is not a “one and done” event. The real work begins after the plan is in place, as circumstances change and the original roadmap becomes outdated.
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Challenges and opportunities of an effective ranch leadership team
Today, ranches and farms are much larger, and an increasing number have multiple key leaders and decision-makers. Whether they are legally organized as a partnership, corporation or even a sole proprietorship, these farms are led and operated as a partnership.
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Farming through the unknown: Keeping succession plans on track
Uncertainties should not paralyze decision-making or delay essential long-term strategies such as succession planning. Ensuring a smooth transition to the next generation or new management is critical for the continuity and sustainability of the operation.
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Identifying a non-family successor for your farm or ranching operation: A strategic business approach
An effective leadership transition is not only about securing the future of your operation, but is also about nurturing the next generation of agricultural leaders who will continue to uphold the legacy of your organization for years to come.
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Paving the way for the next generation to return to the farm
When a young professional returns to the farm they grew up on, there is a tendency to assume that the transition will go smoothly. However, for this transition to be successful, it is crucial for farm leaders to develop and execute a plan for it to happen.
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Leading a multigenerational business
If you desire to build a business that will continue for many generations into the future, your business strategy requires more planning and much greater attention to the long-term impact of every decision.
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Farm succession: Opening the door to a difficult conversation
Farm succession planning is a difficult topic to discuss with family. However, initiating a conversation about succession is essential for the long-term sustainability and success of the farm.
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Understanding emotional intelligence
Emotional intelligence is the ability to respond to situations in a mature and reasonable manner. Those in management and leadership positions should be aware of their own emotional habits and help others develop these skills as well.
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How much do employees really cost?
The cost of an employee isn’t as straightforward as their yearly salary. Business owners should take into consideration all costs associated with having an employee when budgeting.
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Manageable steps to make progress with succession planning this year
Succession planning is a marathon – not a sprint. Families should identify their goals, create a plan and establish a tempo that works for them in order to sustain the momentum needed to reach the finish line.
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