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Get Out of Your Comfort Zone

4/30/2015

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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.

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A Single Horse Wins the Race Every Time

4/24/2015

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If a horse is running a race by itself, it will win every time. Unfortunately, your business is anything but a single-horse race, and even a personal-best doesn’t necessarily lead to long-term sustainability. In every industry, there are many other horses (i.e. competitors) and globalization will only increase your competition in future races.

“An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.” - Jack Welch

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10 Things About Succession Planning Your Kids Don't Want You to Know

4/17/2015

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Succession Planning Traps

Succession Planning, or Transition Planning, can be simply defined as the orderly process of transferring responsibility, management and ownership from one generation to the next. Our experience working with business-owning families reveals that the order in which each of these separate transfers take place is a crucial element in a successful transition.

Attempting to do things in the wrong order, or even accidentally doing things in the wrong order, usually results in disruption and spoiled family and business relationships.

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:

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Remove Your Emotions and Know Your Numbers

4/8/2015

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Managing your farm business can be viewed of as the systematic process of continuous decisions. Making better decisions generally results in better business success. Seems simple enough, right? Two areas of discussion today include checking your emotions at the door and knowing your numbers.

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Get Out of Your Comfort Zone

Lessons From The Field

A Single Horse Wins the Race Every Time

10 Things About Succession Planning Your Kids Don't Want You to Know

Remove Your Emotions and Know Your Numbers

Categories

Archives

Know Your Numbers.
Know Your Business.

Get Out of Your Comfort Zone

Lessons From The Field

A Single Horse Wins the Race Every Time

10 Things About Succession Planning Your Kids Don't Want You to Know

Remove Your Emotions and Know Your Numbers

Categories

Archives

Know Your Numbers.Know Your Business.​

Know Your Numbers.
Know Your Business.