Prudent individuals know that, at the end of the day, the lifetime they have invested in their farm must be changed into money for his or her retirement, a cash or possibly cash equivalent inheritance for his or her heirs, a source for the following generation of farmers to build on in the future, or [...]
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Businesses used to be transferred from one generation of a family to the next very regularly. While it no longer happens anywhere near as much these days, that doesn’t mean that you can’t leave the business you’ve worked so hard to build to your kids. The passing of a business from one generation of family [...]
Read More...http://www.passingdownthefarm.com/farm-succession-system If passing down the farm is important to you, if you want to be in 100% control of the process, and if you believe that you are the one who will be held accountable for the results – as defined by the success of your farm’s transition, it’s time for you to take action!. [...]
Read More...The mastermind principle, as originally conceived by Napoleon Hill, is about the power of a “third mind” made possible through regular collaboration. That’s when a small group of co-equal colleagues and contemporaries share experiences and insights that create “Ah ha” moments for each of them. In a farm mastermind group there are no profesional organizers. [...]
Read More...Recently I ran into an old client sitting proudly in his new red pickup. He was from the old days when I was pretty new at helping farmers redesign their businesses for the future. I had not seen him for years. He is a little older than me still hanging around the farm, although he [...]
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FYI: