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A First Step on the Road to Permanence
The second episode of “Leave a Legacy” is in the can---recorded and ready for editing. As I pen this entry, I’m sitting at Midway in Chicago waiting for a plane, and recounting the preceding days. It’s been another whirlwind tour filled with rehearsals, presentations, meetings, tapings and study. The Farm Journal Legacy Project is an all-consuming labor of love. This outreach will change the world for each and every person ...
"The Family is Closer..."
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Tomorrow on 'Leave a Legacy' TV... Join host Kevin Spafford as he welcomes guests Chet Esther (Farm Journal Legacy Project documentary family) and Paul Neiffer (CPA specializing in agriculture). In a special segment, we also learn about how the Esther family feels at this stage in their succession planning process. As Chet puts it: "There's good discussion but, at the end of the day, everyone leaves on the same page... It's honestly brought the family closer together.&...
Every Family's Conundrum
From Legacy Moment eNewsletter (February 19, 2010) Please join us for future issues, delivered via email each Friday. Fair versus equal is a recurring theme. It affects everything, and solutions are unique to each family. My next Leave a Legacy column in Farm Journal will again address this issue. In response to a reader’s question, I said this: Q. You say equal isn’t fair and fair isn’t equal. Can you...
The List of Common Objectives
Creating, defining and then sharing a list of common objectives is one of the keys to succession planning success. The Legacy Moment eNewsletter of January 22nd discussed the broad objectives of succession planning; it suggested that you complete the Goals Clarification Worksheet and begin to define your objectives. (Sign up for weekly eNews here.) Using the worksheet (excerpt below), write sentences (I call them word picture...
Goals for Succession Planning
Q. In a recent presentation, you mentioned that most family farmers have three general goals for succession planning. Can you explain what you mean? A. Most farmers and agribusiness owners seem to have a good idea of what they want to achieve when they think about succession. Yet their ideas may be a bit fuzzy and undefined. As they describe their desires, they use general terms and tend to say "you know" a lot. THREE PRIMARY GOALS: Maintain the Ope...
Overcoming Obstacles
He’s one of my favorite authors. Whenever a challenge seems insurmountable, I refer to James Allen’s As a Man Thinketh. This little book is both instructional and inspirational. It is motivating and reassuring. It is founded in principle and full of advice. As I sat down to write this entry, I flipped to a highlighted section and started reading, “Even if he fails again and again to accomplish his p...
They Still Suit Up On Sunday
As you read this, America is gearing up for the Super Bowl. As the season came to a close, the playoff teams faced-off and ad agencies were hard at work creating the next Super-blockbuster… and we all love those commercials, right? In the waning days of the regular season and throughout the playoffs it became increasingly clear that no team could beat the Colts or the Saints. Both teams had spectacular season...