Episode 250 | Protect Your Pack & Your Den - Steps to Successful Succession Planning w/Heather Venenga
Wednesday, November 13, 2024
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Episode 250 | Protect Your Pack & Your Den - Steps to Successful Succession Planning w/Heather Venenga
In this week's conversation, Tracy speaks to Heather Venenga about succession planning and her book “Protect Your Pack and Your Den: Steps to Successful Farm Succession Planning.”
Is succession planning on your mind, and are you losing sleep?
Still, trying to figure out where to start?
In this week’s episode, Tracy speaks to Heather Venenga about:
- Her succession planning work with clients and why she wrote a book.
- Tracy and Heather chat about typical farm family dynamics. Dad is busy farming and may ignore the subject, while Mom wants harmony, and that is why she is the one who usually spearheads succession planning for the farm.
- Heather shares the four significant obstacles and concerns all farm families share when it comes to succession planning.
- When is the right time to bring the children in on succession planning?
- Heather shares all the information in her book, including farm family dynamics, gender roles, succession planning concerns, wills & estates, your succession team, fair versus equal, and so much more.
- The process can be intimidating, so Heather touches on how to get started.
Join Tracy and Heather in this critical conversation about successful succession planning and how her book is designed to educate families on this process with wisdom and humour.
Is succession planning on the horizon at your farm? If so, tune into this week's episode.
Thanks for watching,
Tracy
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* Disclaimer - As always, this information is not intended to provide business or medical advice. To ensure that your own circumstances have been properly considered and that action is taken based on the latest information available, you should obtain professional advice from qualified business or medical professionals before acting on any of the information in this post.
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Communication Script (1).docx
Handout AHF Farm Succession Planning Process (1).pdf
Get the Bank Out of Your Business- White Paper.pdf
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Show Guest
Heather VenengaFinancial Advisor
Heather is a multi-talented powerhouse! She's not just your average investment advisor representative; she's also an incredible author, captivating speaker, and is passionate about helping farm families with succession planning, supermom, farm wife, and an absolute motivational junkie! She is highly driven to help hardworking people in the Midwest live and leave their legacies.
Heather's journey has been a series of interconnected events that have led her to her current role as a investment advisor representative who helps farm families transition planning. It all started when she obtained her bachelor's degree at South Dakota State University, where she met her husband, Rob. After moving to Lincoln, Nebraska, she pursued a Master's Degree in Management while working in corporate America for 17 years.
During her time in the corporate world, Heather gained valuable experience in various aspects of business, including large acquisitions. However, she eventually decided to leave the fast-paced corporate environment and return to South Dakota to support her husband in taking over the family farm. This change allowed her to prioritize her role as a mother to their son, Gavin.
It was during this period that Heather stumbled upon her next challenge—the financial advisory career. For 10 years, she worked in a general practice with a large broker dealer, where she soon discovered her calling in assisting farm families with their unique financial challenges. Over the years, she has helped numerous farm families navigate the complexities of passing on their farms, minimizing taxes, and ensuring the financial stability of their operations.
Heather recognized the importance of education in empowering farm families to make informed decisions. To provide valuable knowledge, she started conducting informative workshops, both virtually and in person.
In 2023, Heather took a significant step in her career by establishing her own practice, American Harvest Financial. This allowed her to provide even more assistance to farmers and individuals who share Midwestern values and work ethic.
Today, through her educational outreach , workshops, and practice, Heather has become a trusted resource for farm families seeking guidance in passing on their farms, preserving wealth, and maintaining family harmony. Her dedication continues to make a meaningful difference in the lives of the families she serves, embodying her vision of helping hardworking individuals achieve family harmony and financial success.
Connect with Heather Venenga - Email / Website / Facebook / Instagram
...............................The Impact Farming Show
Welcome to Impact Farming, Farm Marketer's video and audio show dedicated to helping Canadian farmers excel in the business of farming. Our goal with this show is to introduce our audience to the people and ideas that are going to make an IMPACT on their farming operation.
Show Host - Tracy Brunet
CEO of Farm Marketer
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Tracy and her husband are cattle ranchers in South East, Manitoba. As host of the show, primary producer and agvocate, Tracy is passionate about helping farmers succeed in the business of farming.
In each episode, Tracy chats with today's most successful farm advisors and industry leaders to bring our audience the best and most important ideas.
Connect with Tracy Brunet - Twitter / Facebook / Instagram / Linked in
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