8pC is a business advisory for shareholders who are asking the question - are we; stepping up, stepping back or stepping off
Your business strategy and the strategic intents don’t need to be 100% on day one. Strategy is about the things you do today to create a future vision.
Governance provides a framework to bring family members into the business discussion, letting them engage and participate in the family business and opening the door for succession.
Why allow selling to be the only perceived option when holding and growing an irreplaceable asset through a number of generations is possible. The passion and efforts of previous generations who strived over a lifetime to own a farm can be held for future generations to come. The next passionate farmer may be your granddaughter.
How often in life do we suddenly find ourselves in a situation we have been waiting for, planning for, training for and fail to grab the opportunity and make the most of it?
With the majority of New Zealand businesses family owned, and particularly in the case of farming, operated by multiple family members, it is important that the purpose and time frames around what each individual needs is understood and the business is moving in the right direction.
“Leaders need to listen” is an often-coined phrase. My experience is that it is difficult to listen when people are not speaking, and leadership may be more about creating an environment where individuals have a voice.
