How to progress a farming business from 'Good' to 'Great'
Currently researching for Scholarship
97% of UK farming businesses are family businesses.
The family aspect within a business can often cause timeless problems relevant to many farming businesses, one generation after the next dealing with problems of succession, lack of communication, trust and change. Farming businesses also have generational, family dynamics and educational problems all contributing to the success or failure of a business.
I wish to identify great family businesses and define what it is that makes them great. What does ‘Great’ really mean to a family business and how do they continue to progress. I will identify the problems that the best family businesses have overcome in order to make the leap from ‘Good’ to ‘Great’. What solutions can achieve greatness?
I intend to focus purely on the very best family businesses around the world, within agriculture but, also within fashion, manufacturing and construction industries. I want to understand the recipe required to make the transition from ‘Good’ to ‘Great’ and share the ingredients required for family business success.