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\n\tBob, a dairy farmer college of mine, operated a successful 600 cow dairy.\u00a0 Like most of us, he thought he had a lot more time left in this world.\u00a0 Unfortunately, Bob was diagnosed with cancer on a Monday and died just two weeks later.\u00a0 The biggest business obstacle to his wife and daughter was the absence of the paperwork that allowed his business to continue.<\/p>\n
As leaders of successful dairy operations, you understand the importance of developing and using documents.\u00a0 My guess is your farm office is full of manure maps, dairy comp sheets, milking protocols, and employee handbooks, to name a few.<\/p>\n\t
Those tools help you navigate the daily events, but what about the rare occasions that affect your health or even life?\u00a0 What tools are in place to make certain the business runs as usual without key people?<\/p>\n
The first part of that plan should be strong communication with the key players regarding how to continue operating the business if an owner\/leader is incapacitated or deceased. \u00a0Essentially, how will they take over?<\/p>\n\t\t\t\t\n\t
You have spent too long building your business to have it fall apart simply because you didn\u2019t take the time to create the documents.\u00a0 The documents you need for a smooth transition that also shares the information with the key players.<\/p>\n
The first focus should always be continuing daily farm operations.\u00a0 The question needs answered, “Who has the authority to do what?\u201d<\/p>\n\t
This is a “simple” checklist.\u00a0 Business owners must also consider a sound succession and transition plan to prepare for the future.\u00a0 Planning today for a catastrophic event will smooth the transition if it\u2019s needed.<\/p>\n
When a business owner prepares and shares the necessary documents, there is peace of mind. The dairy will continue without a pause.<\/p>\n
Bob\u2019s widow and daughter are getting by (barely) without planning and documents. But it\u2019s been tough. Bob was a good guy, and I believe that he would do it differently if he had another chance.<\/p>\n","protected":false},"excerpt":{"rendered":"
And the Failure when there is none. Bob, a dairy farmer college of mine, operated a successful 600 cow dairy.\u00a0 Like most of us, he thought he had a lot more time left in this world.\u00a0 Unfortunately, Bob was diagnosed with cancer on a Monday and died just two weeks later.\u00a0 The biggest business obstacle…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[],"yoast_head":"\n