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Farm and Business Succession Planning


This may be the time for you to start thinking about what you are going to do with your farm or business. Spending a life time building a business, knowing that you will be able to pass it on to the next generation or sell it for its full value, makes a lot of sense to me.


We all worry about the next generation, wondering if they will have the know-how, the motivation and the ability to carry on the businesses that we have spent a life time building.

  

At the end of August I had the opportunity to attend the "2009 International Farm Succession Conference" in Quebec City. This conference had some amazing speakers.


Here are some statistics from Pierrette Desrosier's speech:

  • Over 90% of Canadian Businesses are family owned.
  • Over 66% of businesses owners feel isolated and alone in their succession planning.
  • 70% of family businesses do not make it to the second generation and 90% don't make it to the third generation.
  • Business owners spend up to 80,000 hours building their businesses and only 6 to 15 hours on their succession planning. (Foundation de L'entrepreuneurship 1994)

These statistics may give you some ideas as to why it is important to start thinking about Succession Planning early in your career. Many of the speakers suggested Life Coaching as a perfect way to help you stay motivated and prevent conflict within families and partnerships. I want you to enjoy building your business. As I quoted earlier from Abraham:


"You might as well decide to start enjoying your life right now, because it's not ever going to get better than right now--until it gets better right now!"


 So enjoy your life as you build your business. Whether you are in a partnership or you are the sole owner, the happier you are, the more happiness you will attract to your life and business.


Partnerships can be great, especially in farming operations, but only if the partnership is well planned. Partners must be well balanced and excellent communication is a must.


That is why it is important to have a Life Coach (Coach@conradtoner.com) involved as you grow your business. Early succession planning will help you move forward with the confidence that your business will continue to survive and flourish onto the next generation. I know from experience that this is possible.


Retirement can and should be a fun time in your life. I want you to face your retirement with excitement and a knowing that things will work out for you. When the next generation or business owner take over the business that you have spent a life time building, it may be difficult for you to "Let Be" and let go. You may be resistant to the changes that will be made. How will you avoid interfering? What will you do for the rest of your life? Do you have a great hobby? Will you resent selling the business? Many people feel empty after selling their businesses or retiring and die within 2 years of doing so. You will need an action plan, something to keep you happy and challenged.


You will need to know what you want to do with the rest of your life. My life coaching will help you find the challenge you need to move your life forward. Remember if you don't know what you want you will never know when you have it.


Take advantage of the free Assessment being offered in this news letter by contacting Conrad at 506.473.1785 or by e-mail coach@conradtoner.com


Conrad Toner, CSAC
"Success is a conscious choice!"
http://www.conradtoner.com/
(w) 506.473.1785
(c) 506.475.9673
(h) 506.473.2673






Six Advisors Individual Coaching Package:
Includes: 2 Coaching Assessments, one at the start, and one at the end, 13 weeks of private, one on one coaching in http://www.ccohs.ca/oshanswers/phys_agents/radon.html

person or via telephone (once a week for 90 minutes each session.)

Coaching material included. • the Keys to Success audio CD,

• The Ten Scrolls audio CD - Narrated by Og Mandino, and

• Copies of Og’s best selling books,

• The Greatest Salesman in the World, and

• The Greatest Secret in the World.

Price 3,995$ *Special rate available for students.
 
Always avaible:

Group Coaching now includes “The Law of Attraction”: 

Og Mandino’s success system for development. If you’re not investing in yourself, your business or your health may be missing out. You won’t want to miss this opportunity. Group Coaching may be for you. Get the results you want out of life. Develop your personality, improve your health, your confidence and learn to live a happier more productive and satisfying life. 

I enjoyed the 6 Advisors Group Coaching tremendously. I found that setting out my lifelong goals and purpose made me concentrate on the daily tasks necessary to bring me closer to reaching these goals.  As well, I now concentrate more on the positives in life and mentally picture myself accomplishing the tasks necessary to reach my goals. Denis Durepos

Coaching Materials include: the Keys to Success audio CD, The Ten Scrolls audio CD - narrated by Og Mandino, copies of Og's best selling books, The Greatest Salesman in the World, The Greatest Secret in the World and a Personal Coaching Guide. 

“No individual has sufficient experience, education, natural ability and knowledge to ensure the accumulation of a great fortune without the cooperation of other people… Your understanding of this great truth may definitely determine your financial Status.” (Napoleon Hill)
 

Coaching groups meet every week for 13 weeks for 1.5 hours. As a group we help you take on your life, find your strengths, build confidence, create a vision and become stronger individuals. The course finishes with a final coaching assessment and debriefing.
 

During these 13 weeks working as a group we will also spend time in each session clarifying and understanding “The Law of Attraction” (The Science of Attracting More of What You Want and Less of What you Don’t).
 

Money back guarantee.
Join the group and if you are not satisfied with the results I will personally credit your account or send you a check for the full amount.  

Weather you are a teacher, a sales person or running your own business being part of Group Coaching will help put your life in balance.

Six Advisors Coaching has provided a unique insight into how I see things and new ways of approaching all aspects of life. It has helped to explain a lot of how I feel. I now feel that there are some changes that I can make in the way I approach situations and interact with others that are easy to do but should have a very positive impact on my effectiveness and personal satisfaction. I have recommended this course to others. Mark Thorburn Director - CSO Aliant
 
Join today by Contacting:
Conrad Toner
“Success is a Conscious Choice"
Tel.  506.473.2673
Cell. 506.475.9673
Off.  506.473.1785
 

Conrad Toner Coaching
508 Portage Road, Grand Falls, NB E3Z 1M7
Phone: Office: (506) 473.1785 Home: (506)473-2673
Cell: (506)475-9673
 
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