Succession planning is crucial for farming families, as it safeguards both the family’s well-being and the future of the farm. Ideally, this planning should start early, setting the stage for a seamless transition of management and ownership. But let’s be honest—the daily grind of running a farm can push these plans to the back burner.…
Running a successful business requires more than just hands-on labour; it demands strategic planning and sharp management. One effective yet often overlooked tool to manage these complexities is an advisory board. Picture having a team of trusted advisors to offer guidance and insights, helping steer your business in the right direction.. An advisory board can…
As the new financial year begins, it’s the perfect time to set fresh goals and map out a plan for achieving them. Whether you are managing a farm, a business, or your personal finances, setting clear, actionable goals is essential for success. Drawing from the insights and methodologies in my upcoming book, let’s explore the…
Over the past 40 years, I’ve been working with rural families as they pass their farming business from one generation to the next. While there have always been some challenges, these days succession has become considerably more complicated mainly due to changing family dynamics, new technology, advancing farming practices and the need for what can…
You may recall, I recently wrote about the importance of community service and the role businesses have in supporting important events that make life better for all of us. Businesses including farm businesses, are the life blood of rural communities and it’s important for us to support them, and for business owners to take good…
Community service is important – full stop. While the whole point of community service is to create positive outcomes for the greater good, in my experience what you put in is returned ten-fold in terms of personal satisfaction and lifelong friendships. This article is a shout out to those who proactively contribute to Jamestown and…
One thing is certain… circumstances will change. Running a rural or agricultural business often means that family, business and personal matters are closely intertwined, and as the business transitions from one generation to the next, change is inevitable. Things won’t always go smoothly, and change can increase the likelihood of conflict, but don’t let it…