The role of leading a family farming business through succession carries with it a very unique set of challenges. Farm businesses have many things going for them β they tend to be flexible, reliable, and proud, they can think long-term, have a strong culture and their people are committed. But they can also carry a daunting set of disadvantages β they can be rigid, inward-looking, unresponsive to change and sometimes swamped by emotional issues. Itβs a complex mixture of advantages and disadvantages, costs and benefits, strengths and weaknesses. It is within this challenging context that effective succession planning must function as a catalyst for change and smooth transition between one generation and the next within family farms in Northern Ireland
Why succession planning is essential for Farm Family Businesses
Posted by admin on August 20, 2012 / Posted in Sales & Marketing