Book RELEASE: "Farming with Family Ain't Always Easy!"
Book RELEASE: "Farming with Family Ain't Always Easy!"
MANHATTAN, KS, Nov. 13, 2013 /PRNewswire/ - With Baby Boomers facing retirement
age, every family owned business - including every family farm - is
fast approaching a change in ownership. The shocking fact is that fewer
than 30% of all family businesses transition to the second generation;
less than 15% to the third, and fewer than 5% will make it to the
fourth. This phenomenal ownership dropout rate is examined in Farming with Family Ain't Always Easy! from case studies, analysis, and solutions.
Taken from real family experiences, the author dissects volatile farming
family dynamics, and the rational versus emotional path to decision
making in a practical, yet empathetic manner. While centering on the
family farm as its model, all of the concepts and scenarios are
applicable to the entire spectrum of the "Blue Collar" Family Business.
The family's inter-generational decision making impacts on business
growth, risk mitigation and wealth retention: its expansion or its
decline. In the broader scope, the business ownership transition will
have a major impact on North America's competitive edge within world
markets - now, and for the foreseeable future.
In the decade leading up to, and when assets are actually transferred,
all involved family members must work together. Open, honest
communication is paramount. The way families decide and implement its
decisions can easily create a harmonious, or a dysfunctional
atmosphere. The manner in which the older generation hands over control
can alienate siblings, destroy families, and can easily cause the loss
of the family business asset. With so many multinationals moving jobs
overseas, the successful succession of the family business unit
directly impacts the future viability of the American economy!
This 75 page Book & CD Audiobook provides seven simple concepts that can
be applied to any family business to overcome the Family Business
Succession curse.
The author wrote the book over four years whereby he mediated farm
family disputes during the day, milked water buffalo in the evening and
wrote the book into the night. He is a folksy, genuine character with a
compelling story.
Press are encouraged to view recent interviews at
www.youtube.com/agriculturestrategy
SOURCE Agriculture Strategy
Agriculture Strategy
CONTACT: "Farming with Family Ain't Always Easy!" is available online at www.amazon.com or www.itunes.com or contact the author, Mark Andrew Junkin at 519-348-9994 or chairman@agriculturestrategy.com
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