It seems that the most difficult succession planning issues are not financial, not taxes, they are not business related at all in fact. They are based on your ability or inability to talk with your family members honestly. If you can talk out the issues, concerns, dreams, and assumptions with each and every person affected by the decisions you will ultimately make – you will have the basis for your farm succession plan. Once everybody’s on board with the future direction, seventy-five percent of the equation has been solved. In this YouTube video John Szold speaks about taking the mystery out of succession planning and about the three development components that are critical to leaders.
http://www.waynemessick.com/succession-planning/what-is-succession-planning
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