Running a business-first family
Focus on Farm Transition videos provide strategies and advice to help you navigate the key challenges and questions that arise during the farm transition journey
Are you operating a family-first business or a business-first family? Family business consultant Jolene Brown breaks down these concepts and why it’s important to know the difference.
- Business first family – structured to ensure people are paid for value, not genetics
- Non-family work experience is important – not all lessons can be taught by parents
- Next gen understands value of proper business structures and can help support it
- You can love family unconditionally, but as a business there are conditions
- Sometimes next best leaders of the business are not family members
- Let advisors talk to each other and get them all in a room together
Jolene Brown is an award-winning speaker, author, farmer and family business consultant. A champion for the people of agriculture, she shares her credibility, authenticity, humour and wisdom with audiences worldwide through her writing, keynotes, and workshops.
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When it comes to transition planning, farm and non-farm businesses have many things in common. Transition expert, Nevin McDougall shares best practices for both.