Proper farm transition planning, including timing, protects the viability of the business going forward Agriculture, with its continuous cycle of planting and harvest rooted in valley soil, becomes a way of life. Leaving that rhythm behind to retire from the farm can be difficult. Farm leadership brings prominence and identity in an important profession, often […]
The ‘tangled root ball’
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Family-owned businesses must balance work, ownership and family roles Each June, family business owners interview with a panel of peers to compete in the Excellence in Family Business Awards. Judges consistently ask each CEO how they carve out time for their family. To date, the most memorable — and perhaps practical — “policy” came from […]
Starting a board of directors for your family business
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Starting a board of directors is frequently cited by family business owners as something they know they “should do.” In fact it’s a perennial top request for new family business workshop topics. With all of this reported interest, it’s surprising that only 48 percent of family businesses have actually instituted a functioning board. Two important […]
Hiring the right family business adviser
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Business advisers can help nursery owners build a company that will last for generations.
Keeping it in the family
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The Austin Family Business Program at Oregon State University has developed guidelines for succession planning. They are based, in part, on extensive surveys of successful multi-generational family businesses.