Less than 45% of family farm businesses stick to a detailed budget and that less than 29% of farm businesses have a written business plan.
Farmers are too busy farming and don’t have time to plan, yet all the “experts” call for it and complicate things further by calling everything a farmer has to do as “planning”. Strategic planning, operational planning, marketing plans, business planning, estate planning, family planning, retirement planning. Whoa!
All I know is…Planning Is Not Optional.
Last we explored the benefits of developing Standard Operating Procedures (SOPs) for your family farm business. Now, let’s spend some time helping you identify them, the consequences of deciding not to develop them and finally, some thoughts on how to help the senior generation of your family business stop micro-managing the team.