Farm Table says:
This succession planning manual from GRDC focuses on the following:
- Timing
- People management
- Financial capacity
- Transfer of the business
- Meeting processes
Key points from the manual include:
- Succession planning is a process rather than an activity to be solved with one meeting.
- Good communication and being proactive are key to a successful succession planning process.
- It is possible to manage succession planning well.
- What happened with succession planning in the previous generation may not work for this generation, as each family is unique and each period in history is unique.
