On This Page
Recently Published
Family Business Rules for the Road
Families in business together share a lot, which isn’t always easy. It requires communication, understanding and compromise. In many ways, being in business together is like sharing a car. Simple rules addressing refueling, cleaning, maintenance and repairs create guidelines that align expectations, drive accountability and fuel harmony.
Read ArticleGovernance in Family Enterprises
Most family businesses fail or are sold to non-family owners before they reach the third generation. This is partially because family businesses often rely on trust and familial bonds to hold the business together. While the informality of family works for some, successful multi-generation family businesses have learned that as families grow and businesses increase in complexity, more formal governance structures and communications are required. Learn three easy steps to strengthening governance and communication in your family business.
Read ArticleGrace and Goodwill or Greed and a Grudge
During the holidays we take time to reflect on our many blessings. In family business those blessings include health, happiness, prosperity and the opportunity to work with loved ones. What happens, though, when family in business doesn’t always feel like a blessing?
Read ArticleDebunking "We Don't Plan"
Strategic planning isn’t a silver bullet, but in most family businesses it can create clarity. When people have varying views of the present and/or future, strategic planning helps create a common foundation to build upon. Why. then, do families so often hesitate?
Read ArticleRecently Published
An Executive Mindset, Regardless of Size
It is often viewed that one has to operate a multimillion-dollar or billion-dollar business to have an executive mindset. However, an executive mindset can occur at any level of business revenue. Let's explore some of the characteristics of the executive mindset.
Read ArticleTop Producers’ Response to Inflation, Interest Rates and Volatile Times
This week, Dr. Kohl challenges you to complete an assignment to put you in an executive mindset to manage profits, regardless of the size or enterprise of your business.
Read ArticleYour Post-Groundhog Day Assignment
This week, Dr. Kohl challenges you to complete an assignment to put you in an executive mindset to manage profits, regardless of the size or enterprise of your business.
Read ArticleOutlook for Year 2023
The year 2023 will require juggling three balls of economics. In this week’s article, Dr. Dave Kohl provides a few quick points to keep in mind as the new year progresses.
Read Article2022 Year End Review
The year 2022 has definitely been a year of transition with many surprises and challenges, but also opportunities for the proactive manager and agribusiness person. Let’s review a few of the perspectives that are in the rearview mirror that could also impact the road ahead as we approach the middle of the decade.
Read ArticleRecently Published
Are Alexa, Google & Siri Eavesdropping on You?
Digital assistants make it easy to search for information, create your grocery list or order a pizza. But are you unwittingly sacrificing your privacy for the sake of convenience? Security expert John Sileo lays it all out in this timely video.
Read ArticleRevolution to Evolution: The Emergence of Ag Technology
Entrepreneurs will enhance agricultural technology to create myriad benefits – improved efficiency measures, faster responses to changing consumer preferences, consistent top-notch quality, etc. These innovators foster a distinctive mindset called the “entrepreneurial spirit.” It’s a difference maker in agriculture, and those who adopt it will break down current challenges facing the industry. So, what does it look like to adopt the entrepreneurial spirit?
Read ArticleVideo Series – Innovation in Agriculture
Technology is everywhere. You’re likely using it in your operation. But are you positioned to make the most of innovation? Check out the first video in Northwest FCS’ three-part series exploring the drivers, investments and opportunities in current and emerging ag technologies.
Read ArticleWays to Protect Yourself Against Fraud
Willie Sutton, the 20th-century bank robber, famously said, “I rob banks because that’s where the money is.” Today, thieves would put it differently: the easiest way to get money is to get into online bank accounts. How do they do that? By fooling others in some way.
Read Article