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 [...]

Posted in Succession Planning No Comments »

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 [...]

Posted in Farm Succession Planning, Planning for Succession, Succession Planning No Comments »

For a farm succession plan to succeed there must be a timetable for specific actions to take place. Everyone involved must be able to see when certain benchmarks are reached.
If there is no agreement on when certain elements of the process will be put in place – why should they believe you are really serious [...]

Posted in Family Business Succession, Farm Succession Planning, Management Succession, Planning for Succession 1 Comment »

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 [...]

Posted in Farm Succession Planning, Succession Planning No Comments »

When it comes to family business succession planning, or farm succession planning, since they are the same thing – nothing good happens by accident. And that includes the possibility of succession planning progress in the right direction.
Having a team of professional advisors in place to assist you with farm succession strategies they know work and [...]

Posted in Farm Succession Planning 1 Comment »