Farms.com Home › Videos › Rural Lifestyle Videos

Running a business-first family / Focus on farm transition / FCC Knowledge

Mar 06, 2020

Subscribe to our Newsletters

Video: Running a business-first family / Focus on farm transition / FCC Knowledge

Are you operating a family-first business or a business-first family? Family business consultant Jolene Brown breaks down these concepts and why it’s important to know the difference.

Key takeaways:

• Business first family – structured to ensure people are paid for value, not genetics

• Non-family work experience is important – not all lessons can be taught by parents

• Next gen understands value of proper business structures and can help support it

• You can love family unconditionally, but as a business there are conditions

• Sometimes next best leaders of the business are not family members

• Let advisors talk to each other and get them all in a room together

Business News by Better Farming

Canadian Farmers 2025 Google Searches... ›

AgTech Dominates U.S. Farmer Searches... ›

Canadian Farm Leader Earns Top Nation... ›

AgSphere Fuels Progress in Canadian F... ›

Lethbridge Polytechnic Ranks Among To... ›

General News by Better Farming

Dry Ontario Weather Dents Canadian Co... ›

Celebrate Farm Transition Appreciatio... ›

Dairy Farmers Of Ontario Brings Holid... ›

Worst bird-flu season in years hits A... ›

Collège Boréal tackles crop-damaging ... ›

Forums by Agriville.com

A real lobby effort results ›

Winter wheat harvest Highwood Montana ›

U.S. Midwest Corn Pollination is Widespread in 13+ U.S. States! ›

Rain lottery ›

Friday crop.report on a Thursday middle of July on ›

Current N pricing ›

Machinery News by Better Farming

Canadian Dealer Full Line Ag Sales Lt... ›

AgTech Dominates U.S. Farmer Searches... ›

Deere’s disappointing outlook shows f... ›

Scout Could Be Taking Its American He... ›

Alberta farmers hold off on big purch... ›

Crop News by Better Farming

Dry Ontario Weather Dents Canadian Co... ›

Collège Boréal tackles crop-damaging ... ›

Crop-land protection bill harvests en... ›

Ontario Lands $533-Million Agri-Food ... ›

Canadian Dealer Full Line Ag Sales Lt... ›

Livestock News by Better Farming

AgTech Dominates U.S. Farmer Searches... ›

New Alberta program to support the ex... ›

Dairy Industry Calls for Balanced USM... ›

Stockpiled Forage, the Backbone of Wi... ›

NMPF, USDEC Testify on USMCA Dairy Pr... ›

Sponsored Links:

Highest Yielding Soybeans, PigCHAMP Grow-Finish, Precision Agriculture, Swine Reproduction Software

This website uses tracking tools, including cookies. We use these technologies for a variety of reasons, including to recognize new and past website users, to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests.
You agree to our Privacy Policy and Terms of Access by clicking I agree.