Succession: Clues to Know if Your Planning Falls Short

Have you spent the last 40 years building your company just to hand it over to the highest bidder?

That’s the pull-no-punches question a writer asks in an article on succession planning that appears in the fall issue of Ag Innovator magazine. Rebecca Brinkley calls out five indicators that may suggest you are not doing enough to prepare your business to be led by someone other than you. They are:

  • Too little delegation;
  • Too few of the right people in place;
  • No clear company vision;
  • Fear of talking about it; and
  • Lack of leadership training.

She advises readers to worry less about their legacies and more about the health of their organizations if they want their businesses to thrive after they retire.

The quarterly magazine is a service and resource to members. Find the current issue at FarmEquip.org/AGI.