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

Strengthening Support for U.S. Grown ... ›

SNAP Benefits Restart but Food Needs ... ›

Dairy Farmers See Strong Growth Amid ... ›

IDFA Applauds House Vote to End Gover... ›

Mixed Week for Southeast Cash Cattle ... ›

General News by Better Farming

US, Global Wheat Ending Stocks Up fro... ›

Avian Flu Back In Western Canada ›

Weekly Weather Summary ›

Secretary Naig Requests Nominations f... ›

Helping prevent theft on the farm ›

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

Deere to Announce Fourth Quarter 2025... ›

LEMKEN Reorganizes Its Management Team ›

CNH Reports 3Q 2025 Revenues of $4.4 ... ›

Titan International's Revenue Grew 4%... ›

Solving the Residue ‘Rubik’s Cube’ wi... ›

Crop News by Better Farming

GoodLeaf Farms raises $52 Million for... ›

US, Global Wheat Ending Stocks Up fro... ›

Weekly Weather Summary ›

Secretary Naig Requests Nominations f... ›

Helping prevent theft on the farm ›

Livestock News by Better Farming

Animal protein not linked to higher m... ›

Helping prevent theft on the farm ›

Thanksgiving Turkey Prices Rise Sharp... ›

USDA Provides Extended Help for Lives... ›

Dairy Farmers See Strong Growth Amid ... ›

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.