Many farm families are feeling a deep sense of guilt knowing they should be having business meetings, but they just don’t seem to get around to it. The key factor is understanding why you need to meet.
-Family council to explore how the family operates
-Succession planning
-Estate planning: wills, inheritance, fairness issues, legacy plans
-Advisers and suppliers meetings
-Human resources, operations etc. Continue reading Whose Mouth Should Be Moving At Your Meeting? »
In March I spent time with 70 farmers in Alberta who were seeking new ideas on how to do some tough things right, like transferring the farm to the next generation. One of their biggest challenges is finding a financial advisor, tax specialist and legal professional who they can trust. They are wondering if they are being well-served by their current team of advisors, as some folks are not getting clear answers to their questions, and sometimes don’t know what questions to ask! Continue reading Breaking up is hard to do… firing your advisors »
Do the Tough Things Right... How to Prevent Communication Disasters in Family Business
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