Jul 22, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


Leave a Legacy

RSS By: Kevin Spafford, Legacy Project

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.

Success Secrets of America's Best Agripreneurs

Oct 25, 2011

 Cornfield Farm   iStock CompressedFrom Legacy Moment (10/21/2011).
Please join us for future issues, 
delivered via email each Friday.


Part I of II:
Our agriculture heritage has endowed each of us with the values of hard work, independence and self-reliance. Tapping into that legacy will provide your family with financial security, peace of mind, and lasting success.
 
Industrious people are searching for more fulfilling occupations. They’re learning that government is not the answer, corporations no longer offer jobs for life, and self-employment is more difficult than it sounds.
 
Farming is the quintessential family business, and American farmers are the patrons of effective business principles. Ten secrets of entrepreneurial success from the American farmer include:
 
1. Plan your cropping rotations. Use your personal values to generate business value. Plan your business. Start with a vision statement, declare specific goals, design action plans and follow through.
 
2. Prepare the ground and plant your crop in the spring. Without action, nothing happens. Your plan should be so big, so motivating and so important that you’ll do whatever is necessary to achieve success. Like work expanding to fill the time allotted for a job, your capabilities will expand to fulfill the commitment to your goals.
 
3. Maintain your equipment to avoid costly repairs and downtime. Execution is key to lasting success. It isn’t how many times you get knocked down that matters, but rather how many times you get back up. There are certain inglorious details that must be attended to in growing a successful business, and it’s incumbent upon an owner to ensure they are done.
 
4. Cultivate as necessary to ensure a healthy yield. A growing business may be likened to a child in the family. It requires nurturing and care. It demands attention and needs support. A vibrant business is never a once and done affair. To grow a successful business, an owner must market, sell, manage, invest and suffer risk.
 
5. Consult professional advisers to learn and adapt the most efficient technologies. One person can’t possibly know it all. Utilizing the knowledge and expertise of others is a smart way to grow the business, integrate new technologies and invest limited resources. Striving to do it yourself may become a costly mistake for a business owner.
 
Part I of II.  Please join us next week for five more success secrets. 
Want to add to the list?  Share your ideas (or questions)!
All correspondence is handled with complete confidentiality.

News & Resources for You:
 
If you’re not sure where to start, browse through our Frequently Asked Questions.
 
Our growing library of succession planning tools is designed to help you take action. 
 
Legacy Project Workshops are designed to remove the mystery, clear the clutter and define a simple planning process. Have you signed up yet?

 

  eNewsletter Sign Up Legacy Pioneer Badge 300px

FaceBook Logo
 
 
 
 
 
 
 

 

Log In or Sign Up to comment

COMMENTS (2 Comments)


Thanks for the great info dog I owe you bigigty.
3:05 AM Nov 1st
 

Why does this have to be the ONLY reliable suroce? Oh well, gj!
4:06 PM Oct 31st
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions