Successful Business Transfer Requires Family Preparation
While tragic events or conflict can cause an immediate turnover of leadership, most family business owners know that business succession […]
View ArticleFamily Business: Lack of Communication Sets Up Conflict
Years ago I facilitated a family business meeting in which two of the owner-brothers started yelling at one another, then […]
View Article3 Things to Consider When Firing a Family Member
Donald Trump once observed that firing people on national television has made him more popular. In the family business, firing […]
View ArticleCommunication Crucial in Farm Families During High Stress Seasons
While some reality television shows have a positive, uplifting message, most shows are based on conflict, tension and stress. TV […]
View ArticleCreating a Safe, Supportive Environment for Your Farm Family Business
Business success is often the result of several factors: sound business strategy, financial acumen, wise capital decisions, hard work and […]
View ArticleCommunication Crucial for Future Business Planning in Farm Families
One of the most important practices in a family business is the act of meeting together to discuss the future. […]
View ArticleFarm Family: Communication Issues Tougher than Technical Ones
As one who helps family business members communicate about their future, I’m often accused of dealing in the “touchy-feely” realm. […]
View ArticleAlabama: Two-Generation Farm Business Workshops Scheduled for February
For many families working to transfer a farming operation from one generation to the next, it’s not the legal, financial […]
View ArticlePlanning for Farm Succession Can’t Happen Too Soon
There is plenty of time for Mike and Cameron Simpson to talk during the one-hour-plus drives between the main units […]
View ArticleFarm Family Business: Estate Planning is an Ongoing Process
At a recent family meeting, Mom and Dad lamented that they never felt finished with their estate and succession planning. […]
View ArticleFarm Family Businesses Need Trust to Thrive – DTN
“I don’t trust him anymore.” Those five words, offered by a family business partner when describing her brother, signaled the […]
View ArticleFarm Family Business Conflicts Often Run Deeper Than Money — DTN
I’ve recently been listening to the audio version of Daniel Schulman’s new book, “Sons of Wichita: How the Koch Brothers […]
View ArticleLack of Succession Planning Can Be Costly in More Ways Than One – DTN
Last month’s column suggested several precursors to a good succession conversation, basic moves that grease the gears of multigenerational transitions. […]
View ArticleFarm Family: What is Your Legacy Beyond the Business? – DTN
One of my last columns used Daniel Schulman’s recent book, “Sons of Wichita,” about Kansas’ four Koch brothers to highlight […]
View ArticleFarm Estate Planning: Don’t Keep Secrets from Family — DTN
The first verses of Ecclesiastes, Chapter 3, remind us that for everything there is a season. Farmers and ranchers can […]
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Farm Family Business: Can You Pass Down the Passion? — DTN
I have heard the concern over and over again: The older generation is preparing to transfer responsibilities for the farm, […]
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Farm Family Business: Non-Family Successor Requires Planning, Communication –...
Among the most difficult decisions faced by families in business is when and how to turn over the leadership of […]
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Farm Family Business: How Much to Pay Family Employees? – DTN
Over the course of my experience in consulting with family-owned farms and ranches, there are a few critical decisions which, […]
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Arkansas: ASU’s Agribusiness Conference Slated Feb. 11 in Jonesboro
Arkansas State University’s annual Agribusiness Conference, now in its 21st year, is continuing its tradition of timely information and education […]
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Farm Management: 3 Reasons to Praise A Job Well Done – DTN
With respect to job performance, many family business members often joke “no news is good news.” What they mean is […]
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