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Ready for Succession

February 23, 2010
By: Kevin Spafford, Farm Journal Columnist

Rank each according to importance and priority.

 

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Leadership Development

(1- low, 5-high)

_____ 1. To make the transition to new ownership/management transparent to our customers.

_____ 2. To help develop the skills /abilities necessary for leadership.

_____ 3. To enhance the leadership skills/abilities.

_____ 4. To increase management capabilities.

_____ 5. To maximize business value.

_____ 6. To continue receiving an income following transition.

_____ 7. To maximize returns of income, equity, and satisfaction.

_____ 8. To transition to new management in years.

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