Lance Woodbury is an adviser to family owned and closely held agriculture businesses, and is a partner at K·Coe Isom, a leading agricultural consulting firm. He also facilitates several agricultural peer-group initiatives and writes a family business column for DTN/The Progressive Farmer. Lance earned his MBA from Purdue University, his MS in Conflict Analysis and Resolution from George Mason University, and a BA in History and Government from Sterling College. He is a graduate of the Kansas Agriculture and Rural Leadership program and holds a Certificate in Family Business Advising. He also serves as a Trustee for the Finnup Foundation Trust in Garden City, Kansas. Lance has published two books, The Enduring Legacy: Essential Family Business Values and Family Business: Genesis 37-50 and the Family of Joseph. Both books are available on Amazon.
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The currency of business is money, but the currency of family is love. Running and passing down a family business is a unique challenge. In this episode, I sit down with Lance Woodbury and we discuss Family Business Succession.