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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.

Successful Family Meetings

Apr 06, 2010

From Legacy Moment eNewsletter (April 02, 2010)

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Don’t let the formality of a ‘family meeting’ stop you from reaching your succession planning goals. Given the slim probability of success without good communication - and the high cost of failure - family meetings are essential to generate results.

Use The Family Meeting guide to plan for the initial gathering, and then use it throughout the process to keep everybody informed and engaged. 



Be mindful to:

 
  • Listen and understand
  • Drop all preconceived ideas
  • Define a decision-making process
  • Agree on a method for dispute resolution
  • Create meeting agendas
  • Always end with a scheduled follow-up/next step

Learning how to manage a meeting as a family, business associates or as a team is a very useful skill to develop. No one likes a wasteful meeting. We all welcome the time to share ideas, take action, debrief results or solve something. Meetings provide the perfect forum for communication across a group.
News & Resources for You

Communication: Your Survival Depends on It
Communication is to a family business what water is to agriculture—the lifeblood of success.


A Call to Action

Learn how to successfully involve your children in succession planning.
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