#AGLEGACY #FarmSuccession #EstatePlanning
A little at a time:
Transferring management information is best over a period of time.
To learn more see AGLEGACY.org
Questions about when:
What are everyone’s goals for the future of the operation?
What skills do the founding generation currently bring?
What new skills can the incoming generation contribute?
What skill-gaps might be filled through additional training or how might new skills be obtained?
Who is the best fit to take over management?
What roles are members of the incoming generation best suited to take over?
What roles might other family members take-on?
What is the retirement plan for the founding generation?
Next steps:
Look to transition the next generation into positions of greater responsibility as they gain the necessary skills. Remember, we are trying to convey the ability to make sound business decisions. By following a more formal process, we hope to increase the chances of success.
