Home / Family / Estate Planning / Family succession / Generating Success: The Continuity Quotient

Generating Success: The Continuity Quotient

CHERYL TEVIS 07/02/2012 @ 2:27pm Cheryl has been an editor at Successful Farming since 1979.

As a young boy growing up in Nebraska, Dave Specht saw how a poorly-planned farm transfer determined the success or failure of a farm business. Today, he coordinates family business programs in The Center for Entrepreneurship at the University of Nebraska in Lincoln. In his work as a farm family consultant, he uses an online process called The Continuity Quotient to help facilitate a successful transition to the next generation.

Specht shares the following seven components of ensuring farm business continuity:

  • Business and Estate Planning 
  • Communication 
  • Leadership Development 
  • Trust 
  • Personal Resilience 
  • Retirement 
  • Investment Planning 
  • Long-Term Contributions of Key non-Family Employees 

The heart of Specht’s work is identifying intentions and expectations so that a successful succession plan can be developed and communicated in a way that preserves family relationships, and permits the business to thrive. 

CancelPost Comment
MORE FROM CHERYL TEVIS more +

Ag 'Still in a Good Spot' Despite… By: 07/25/2014 @ 2:41pm “Rebound and rebuild, that’s where we’re at today,” Chad Hart, Iowa State University…

China’s Future Potential Up for Debate By: 07/25/2014 @ 11:11am China was a key topic of discussion at the 2014 Iowa Farm Bureau Economic Summit earlier this week…

EPA Administrator Says "Ditch the… By: 07/08/2014 @ 10:59am EPA administrator Gina McCarthy said today that her department is making a concerted effort to…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Trumps Demand