A storm is brewing in rural Australia The average age of farmers still hovers around 58 (last time the Australian Bureau of Statistics counted) and rural land values are at an all-time high, yet many families continue to avoid the … Read More
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Realising your ambition and growing your business is an exciting challenge
Next Transition Group has a long history of working alongside many of Australia's most ambitious business owners and entrepreneurs on their transition journey. Drawing on their successes, we have created these insights.
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The growth and development of people is the highest calling of leadership
Harvey S. Firestone
Why agribusiness succession planning should start now
Generational wealth transfer can be a challenge for any family but on the land the stakes can be even higher. Here, expert advisers reveal why it’s never been more important for agribusiness owners to start planning for the next generation. … Read More
WHEN IS THE RIGHT TIME FOR SUCCESSION?
WHEN IS THE RIGHT TIME FOR SUCCESSION? Trying to determine the right time for change is one of the most challenging aspects of Succession Planning. How can we be sure all parties are ready for the next chapter in their … Read More
INTEGRATING FAMILY & BUSINESS
A Family Business is a unique business structure and we must find the delicate balance of combining the Family system and the Business system, while also keeping them separate enough to avoid conflict. To deal effectively with the sometimes conflicting … Read More
DECIDING ON AN OPERATING ENTITY
In too many cases the operating entity of a farming business is treated as a “set and forget”. It may have served its purpose for the last 20 years or longer and everyone has got used to the status quo. … Read More