Month: August 2017

  • Highly Effective Financial Habits

    August 29, 2017

    How to plan for growth All business plans must be calibrated to today’s economic reality. Although a challenging profit picture is likely halting immediate growth plans for many producers, smart financial guidelines can help you continue to march toward business goals. “Financial success takes planning and consistent business practices,” says Jonathan Carter, associate vice president […]

  • Solving a People Issue is Scary – But It’s Worth It!

    August 25, 2017

    The leaders of companies running on EOS® learn to look at their business through the lens of the Six Key Components™ (as illustrated by the EOS Model™). This is important because the root cause of a company’s issues is weakness in the Vision, People, Data, Issues, Process or Traction Component™. Solving issues at the root […]

  • Use this Checklist to Plan for the Future

    August 23, 2017

    Young farmers should add these important tasks to their to-do list to avoid unnecessary stress and legal issues, says Shannon Ferrell, ag law professor with Oklahoma State University Extension. Nominate a guardian for minor children. You should also designate funds for the guardian to raise your child. Trusts can be good tools for this. Identify […]

  • Plan Before Need

    August 21, 2017

    Succession planning is critical for every farmer, regardless of age Young farmers are especially vulnerable to the ramifications of not having a succession plan. Just ask Shannon Ferrell, an ag law professor with Oklahoma State University Extension. none Ferrell’s brother, Adam, was in line to take over the family operation in western Oklahoma. Adam was […]

  • How to Provide Positive and Negataive Feedback

    August 16, 2017

    Managers should strive to offer effective and valuable feedback to employees, says Michelle Painchaud of Painchaud Performance Group, a human-performance consulting firm in Winnipeg, Manitoba, Canada. “We in agriculture are really bad at giving feedback,” Painchaud says of farmers and ranchers. “We need to use feedback to ignite high performance.” Follow her advice on how […]

  • Communicate to Compete

    August 14, 2017

    Discussions across generations can improve your business plans Family businesses often have a strong culture that originates with the founder. But if core values are not communicated properly, the business could become stagnant or, worse, dysfunctional. New research suggests agriculture isn’t immune from this threat: 54% of Midwest family farms are moderately dysfunctional when communicating […]

  • Multiple Personalities Help Improve Team Dynamics

    August 4, 2017

    I have a client with two brothers on the leadership team, who disagreed about how to handle employee-challenge situations. The company has three locations with multiple shifts. Frustrations among midlevel managers were brewing when one of the leaders came across as harsh and cold over something that others considered to be a small issue. The […]