subject: Are Farm Succession and Strategic Planning the Same Thing? [print this page] Are Farm Succession and Strategic Planning the Same Thing?
In my opinion, yes. Farm succession designing encompasses all those things you are doing to insure that the farm can go on successfully in the next generation - whether or not that is next year or twenty years from now. Strategic planning is a blueprint to follow - the measured steps you're taking along the method, plans which when they unfold can enable the pieces of the long term puzzle to fall into place effectively.
Therefore if the farm owner desires the farm to succeed beyond his or her lifetime and is aware of that good things rarely happen inadvertently, why do they forever seem to drag their feet when confronted with farm succession? Maybe the word 'confronted' has one thing to try and do with it?
Over the years farmers told me that they were too busy to set up for the distant future, we have a tendency to all need to think these items are within the way distance - as a result of they were consumed with what needed doing right them.
Let's face it, we tend to're all busy - but there forever looks to be time to try to to the things we have a tendency to want to do. Have you ever ever noticed how many times you were too busy to paint the milk parlor but might notice the time for different things, just like the State Honest or the Homecoming soccer game?
If you had a cluster of peers, an unofficial board of advocates, who were holding you accountable for doing what's important to your short and long run success - would not you find time to urge started along with your strategic and succession coming up with?
We all grasp that" once begun is 0.5 done" is true whether it's clearing a field, changing your oil, or something else you do not wish to try to to right them.
The sweetness of doing strategic and succession planning with the input of your peers is that the terribly process creates its own rewards.
Once begun you start to get clarity around the quantity one issue - the reason most of you set this off, pondering and articulating what's important to you and your family as you move down the road toward your exit from the farm.
The result is to help you are doing a better job, because currently that you've got created the picture of what's important you will begin to maneuver toward it.
You will begin to think about seriously where you are right now and measuring the space and also the direction you will want to travel to urge where you want to be.
As you more clearly see where you wish to end up, you strategic coming up with efforts will help you and your family, together with the insights of your peers chart a path to induce there.
This coming up with method focuses your management team's energy, ensures you all are working toward the same goals and permits you to adjust the farm's direction in response to the ever changing environment.
When you've got determined where you would like to be 3, five, 20, or more years from currently, and have your peer cluster - your free strategic planning team holding your feet to the fireplace of your commitment, you may set real goals and then develop a arrange to achieve them.
Strategic coming up with, when done together with succession designing, focuses your energies and those of everyone around you during a common targeted direction. And by clarifying what actions you need to require to urge where you wish to be, heaps of different things become unimportant and will be discarded out of hand.
Every action we take leads us toward or far from our goals. Nothing is neutral - so doing solely those things that are goal achieving and forgetting about those who are merely tension relieving can make your life simpler.
Strategic planning helps you initially specialize in elementary decisions and actions that can take you toward success as you outline it. While you may need to read some books regarding it, long term strategic designing may be a do-it-yourself process. The last issue any people want is some kind of strategic coming up with skilled hanging around telling us how to try to to things.
The ideal method, based mostly on my observations over three decades is one consisting of a group of peers, people in your business who live an extended way away from you, who can meet with you regularly over the phone to help you establish what is vital, clarify your and your families expectations and help you with the fundamental selections you want to create nowadays, tomorrow, and tomorrow when that.
Their creativity around what is doable can be based on their experiences, successful and otherwise, and on those of their peers - individuals just such as you that you will never meet. Their fresh insights might cause you to reverse past decisions as a result of they're not making an attempt to guard the previous, perhaps outdated, advice.
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