Category: Business Growth Strategy

Business Growth Strategy, Succession Planning, Uncategorized

The conversations families must have if they want to keep the farm together

When it comes to Transition Planning, communication is the foundation. Originally published at Progressive Dairy on 9/20/2021 Despite a farm's success and strong family ties, a family can become fragmented and less unified over time. This was the case with my friend Bob.  He was so delighted when both his...

Business Growth Strategy, Succession Planning, Uncategorized

Communication, the missing ingredient in Transition Planning

When it comes to Transition Planning, communication is the foundation. Originally published at FarmFutures.com on 10/13/2021 The transition plan had all but stopped, and unspoken issues were piling up. Both the employees and the next generation were frustrated. Everyone involved was frustrated, including the advisors and spouses. To be fair,...

Business Growth Strategy

Leadership training is the missing ingredient

Is the next generation ready to RUN and LEAD the farm? Originally published 7/20/21 at https://www.progressivedairy.com/topics/management/keep-in-check-leadership-training-is-the-missing-ingredient Donald's story - Donald had a plan.  He worked with his attorney to draft an iron-clad estate plan for his dairy.  He was happy to provide his children with a thriving business.  He felt...