Lessons From The Field
Over the years and with enough observation, general themes become apparent can become learning lessons for your family farm. Striving for continuous improvement is the dominant characterization of most financially and organizationally successful companies. Consider the following thoughts and standards and see how you and your family-owned business compare.
A small list of things that will negatively impact your family business transition are as follows. If you see a few of these in your family business, consider developing a more systematic plan for the generational transfer of your family farm business: