Legacy by Design LLC.
Cultivating Multigenerational Success in the Agricultural Community
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Not Retaining Sufficient Capitalization
The eighth of twelve most common mistakes agribusiness owners repeat: The NUMBER ONE reason most family businesses fail is insufficient capitalization. Capital is to business as water is to life. It is required to sustain and grow a vibrant operation. Cash reserves are necessary for managing the economic ups and downs of a normal business cycle, and for weathering the storms of an unforeseen crisis. Our office sits on the shore of a picturesque lake. Though no...
Growing your Agribusiness
If your agribusiness isn't moving forward, it's slowly failing. None of us like to dwell on that, but we all know it's true. Today's competitive business environment should really drive home the point. Adequate capital, profit, and employee development all affect the potential advancement of any business. Furthermore, in a family enterprise, each generation must take responsibility for actively expanding the business. Maintaining a status quo won't be enough. Short-sighted families ris...
Equipment dealer profitability in 2007
Farm Equipment's website includes owners' answers to this question: "What area of your dealership offers the most opportunity for increased profitability in 2007?" Intriguing range of answers from across the country. Take a look.