Farm Succession Planning

Farm Succession Made Simple For Farmers Committed To Their Future Success

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Entries Tagged as 'business succession planning'

The Importance of Succession Planning

July 20th, 2010 · No Comments · Succession Planning

Business Continuity Planning
The Disaster Recovery Journal (DRJ) defines Business Continuity Management (BCM) as “A holistic management process that identifies potential impacts that threaten an organization and provides a framework for building resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities. The management [...]

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Farm Succession Plans Almost Always Fail

June 13th, 2010 · No Comments · Farm Succession Planning, Planning for Succession, Succession Planning

During my career I have found that most succession plans fail.
The plan itself might or might not have achieved the family’s objectives for farm succession and transition to the next generation, but it ran out of gas before it was ever completed.
It ran out of gas because there was no one in charge – no [...]

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What is The Key to Farm Succession Planning?

June 10th, 2010 · No Comments · Farm Succession Planning, Succession Planning

When it comes to farm succession planning there are lots of “keys” – virtually all of then claim to be the most important one.
The truth is that there really is only one most important key to succession planning and it is not what you are probably thinking.
Some may say it is getting good advice, or [...]

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Succession Planning is Crucial to Company Survival

June 8th, 2010 · No Comments · Planning for Succession, Succession Planning

If you run a successful business you may have wondered what you are going to do when the time comes for you to voluntarily or involuntarily retire – thus ensuring your business survives and flourishes. Succession planning is important if you want your business to continue after you are gone.
There are a few steps you [...]

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