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Cultivating Multigenerational Success in the Agricultural Community

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Blog

Farmer as Leader

April 10, 2015

LegacyConnection Kevin Spafford, CFP® The succession planning process can be difficult. It can be intrusive, and uncomfortable. But it also can be the single greatest achievement for a family business owner. It’s just one of the many challenges you’ll face in growing your operation forward. Though each person’s methods for coping with these challenges may be different, the leadership characteristics necessary to achieve success are eternal.   The character of ...

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Multigenerational Success is the Goal

March 27, 2015

Like the half-filled glass of water, for a dedicated business owner it’s either the end of a year or the beginning of the next. Is now the time to commit to the succession planning process? Lately I’ve been working with family operations to define roles/responsibilities related to growing capabilities across the management team. Though a big exercise, it starts with commitment and each step along the path helps the people involved prepare the next and the next one after that&...

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5 Benefits of Mentor/Protege Relationships

March 11, 2015

LegacyConnection Kevin Spafford, CFP® Though they come in many different forms and from a variety of experiences, a mentor is far more than a luxury for those who aspire to extraordinary achievement. A mentor, be it a family friend, distant relative, experienced neighbor, classroom instructor, co-worker, or written biography, can give guidance and lend confidence to an aspiring leader. A mentor should be standard equipment for every protégé desiring to make a difference....

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It's Never Just 'Once and Done'

January 26, 2015

LegacyConnection Kevin Spafford, CFP® The demands of a changing industry, the needs of a growing operation, and the desires of family business owners require a leader who’s engaged in professional growth and personal development. A leadership development plan should be in writing, not just a concept. If it’s not written, it’s not real. A comprehensive plan includes components of: Education – formal classroom study, seminars, and relevant wor...

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How Important is a "Key Person"?

November 5, 2014

LegacyConnection Kevin Spafford, CFP® "Key person" is a rather self-explanatory term. Any person who performs a critical function and/or offers a unique skill may be a key employee. When used loosely, people think of a long-term or loyal employee, but that’s not necessarily the case. A well-seasoned employee may add value to the organization, yet not necessarily provide a ‘key’ element to its continuing success. A key person is crucial to operational...

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What's Your Value Proposition?

October 3, 2014

LegacyConnection Kevin Spafford, CFP® Every family operation requires leaders with a variety of skills and a diversity of interests. Tomorrow’s leaders will fill positions and do jobs that aren’t even defined today. So, how do you measure up? Do you have the skills and abilities necessary to help grow the operation? Being fair to yourself and straightforward regarding the depth and breadth of your capabilities, consider your value proposition – what are the quantifi...

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