by Rena Striegel | Mar 21, 2018 | Succession Planning
Succession Planning: Key Components Your Plan May Be Missing (Part 2) In part one, we discussed the importance of including a management succession component to your farm’s succession plan. The second component that is often missing is the consideration of Governance....
by Rena Striegel | Mar 2, 2018 | Succession Planning
Succession Planning: Key Components Your Plan May Be Missing (Part 1) The topic of succession planning continues to be one full of questions and confusion. In addition to ownership, you should consider two additional components when developing a succession plan for...
by Rena Striegel | Jul 14, 2017 | Succession Planning
Succession Planning – Tip #5 Tip #5 – Get outside help with your business succession planning. Lawyers, accountants, financial advisors – there are many professionals that can help you put together a successful succession plan. There are even companies that...
by Rena Striegel | Jul 13, 2017 | Succession Planning
Succession Planning – Tip #4 Tip #4 – Train your successor and work with them. How can you expect your successor to take over and run your business successfully if you haven’t spent any time training him or her? Your family business succession plan will have a...
by Rena Striegel | Jul 12, 2017 | Succession Planning
Succession Planning – Tip #3 Tip #3 – Get over the idea that everyone has to have an equal share. While this is a nice idea in theory, it may not be in the best interests of your business. Remember that management and ownership are separate business succession...
by Rena Striegel | Jul 11, 2017 | Succession Planning
Succession Planning – Tip #2 Tip #2 – Involve your family in business succession planning discussions. Making your own succession plan and then announcing it is the surest way to sow family discord. Opening a dialogue among family members is the best way to...
