The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Kevin Spafford is Farm Journal’s succession planning expert for the Farm Journal Legacy Project. He hosts the nationally-televised ‘Leave a Legacy’ TV, facilitates an ongoing series of workshops for farm families across the U.S., and is the author of Legacy by Design: Succession Planning for Agribusiness Owners.
From Legacy Moment eNewsletter (April 30, 2010)
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If you’re going to build a barn, you begin with a plan. If you’re going to assemble a piece of equipment, you rely on instructions. If you’re going on a trip, you may use a map.
Watch "Leave a Legacy" Episode #4!
Building an operation that is bigger-than-self is no less daunting, and far more important. A business plan is critical for long-term success, clearly defining the objectives of your operation and enlisting a team to achieve business goals.
If you don’t have a plan, now is the time to create one. If you do have a plan, use our Business Plan Self Assessment to review it---you may note the depth of your plan and notice areas for improvement.
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How to Know When It’s Time: How do we know when it’s time to seriously consider succession planning?
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