NDSU Extension Service - Sargent County

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Making It Work: Family AND Business

Making It Work:  Family AND Business 9/23/16Family members have family conversations.  Business systems have business conversations.  When the family business is a farm or ranch, conflict and friction can arise because each of the two systems has its own way of “doing things.”

The family system is social, and is typically based on feelings and caring for each other.   The business system, on the other hand, is more analytical, structured and matter-of-fact.

If the family were run like a business, discontent, grumblings and maybe even a mutiny could occur. If the business were run like a family, it may not maintain its ability to produce, make a profit, and grow.    

The family needs the business for support, and the business needs the family for labor and purpose. How do we manage the clash?  We must recognize what system we are operating in when we make decisions and plans. This takes conscious thought and awareness. 

It may also mean “doing whatever it takes” to accomplish the objectives.  For example, when a business meeting is to be conducted, the family members may decide to meet at a location other than “the kitchen table.”  They may literally wear a business hat or business clothing to the meeting. 

A variety of tips, techniques and tools to use in conducting Family Business Meetings are available through the NDSU Extension Service.  Free weekly “bite-sized” e-tips on an assortment of succession planning and estate planning topics and issues are also available .  For more information about the e-tips and how to subscribe, visit   https://www.ag.ndsu.edu/succession/succession-planning-e-tips.

Design Your Succession Plan workshops are scheduled to be held this fall and winter at a variety of locations around North Dakota.  Contact your local county extension office to find a program that is offered at a place and time that fits your needs, or visit https://www.ag.ndsu.edu/succession/events.

As always, please give me a call if you or your friends, family, co-workers or employees have a topic you would like to learn more about through a presentation, lesson, program, activity or workshop.  NDSU Extension has a lot to offer, and we are here to serve you!

Photo Source:  https://pixabay.com/en/family-farm-sunset-rural-lifestyle-622871/   (downloaded 9/27/16)

 

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