Episode 90

FAMILY PLANNING with Heather Wildman

Succession planning for small family businesses can never start early enough says Heather Wildman. With over 26 years' experience of working with both farmers and industry, Heather, who runs Saviour Associates, has faced many instances of families struggling to agree how their business enterprise should move forward

Succession will inevitably happen whether we want it to or not. There is a finality for business owners who want to retire and handover their legacy to the next generation.

Heather's key points, in addition to starting discussion amongst the family as soon as possible, are to make a record of all conversations for future reference and be totally transparent, putting everything 'on the table'

Heather suggests a starting point is to consider the possible impact of the 6 Ds: Death, Disability, Disaster, Divorce, Disagreements and Debt on the family

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INSIDE AGRI-TURF
The farm and grass machinery business

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About your host

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Chris Biddle

Chris is an experienced journalist specialising in the farm and grass machinery market. He has worked for a major tractor manufacturer and been a managing director of a farm and grass machinery dealership in the West Country.
In 1988, he launched trade magazine, Service Dealer followed by TurfPro in 1998, selling both titles to Land Power Publications in 2015.
He was editor of Landwards, the professional journal of the Institution of Agricultural Engineers (IAgrE) from 2008 until 2019 and is the recipient of the 2020 IAgrE Award for Outstanding Contribution to the Land-Based industry.
Chris lives in Salisbury with his wife Trish, and is an avid cricket fan and member of the MCC for over 55 years.