WEBVTT
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It provides them with a sense of ownership, like they're actually contributing
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to the actual direction that we're going.
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It's not just mum and dad that are driving this whole thing. It's a group.
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And the older that they're getting, you know, we can convince ourselves that, oh, that's a good idea.
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But then they are looking at it from a different perspective.
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And yeah, they ask pointy questions, like, and you go, right,
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okay, like stand back. And that's the healthy thing about it all is that it's
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not just two people ruling it.
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It is an actual, yeah, everyone's got, yeah, everyone's got interest.
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Music.
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Welcome to the profitable farmer podcast where we share stories and tips to
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help you run a better farming business and create your very own freedom farm
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if you're looking to work smarter and not harder in your farm business,
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welcome. You're in the right place.
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G'day everyone. Welcome again to Profitable Farmer. I hope you're well and navigating
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this start to this new season.
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One of the greatest things I get to do on this podcast is to share some of the
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success that we get to see as a business, our members achieving.
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And there's no greater example really than this story.
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It gives me great pleasure to introduce Rob and Ainsley MacArthur from MacArthur
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Holdings, 15 kilometers west of St. Lawrence in central Queensland.
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Now that's halfway between Rockhampton and Mackay, close to the coast.
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The MacArthur family, I think Rob and Ainsley are fourth generation on this
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farm and their children coming through will be fifth.
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And they're just such a great example for mine of what's possible when families
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come together and focus in on a common plan and really get clear on how to move
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their business forward in real alignment.
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So very excited to share their story.
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And I've also asked their business coach, part of FOA,
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Sam Pincott, to join us just to be part of the conversation and to share what
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he's observed Robin Ainsley and their family achieve over their last few years
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with us at Farm Owners Academy.
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Sam, great to have you with us. How are you?
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Thanks, Hatch. Great to be here. Really excited to be part of this conversation.
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Thanks, Sam and Rob and Ainsley.
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Thanks so much for joining us today, being part of Profitable Farmer.
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And yeah, again, well done on your story and great to have you with us.
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How are you? We're excellent.
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Thanks, Hatch. Yep, feeling really good. Thanks, Hatch. Perfect.
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So just to kick us off, would you mind just giving us a bit of a history to MacArthur Holdings.
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Ainsley, I might throw to you, do you mind just talking about the backstory
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prior generations and perhaps when you and Rob arrived to the business?
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So I've, like Rob, have grown up in a beef cattle business, obviously generational.
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It met Rob, we were set up at a wedding about 25, not very good at counting
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those years, but yeah, 25 years ago.
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And so I've held, and I guess generationally and through both of us,
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we've both come from families that have encouraged the next generation to be involved.
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And I think they've set a really good example and almost like a legacy before
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us of how to bring the next generation into the business.
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And so it was almost a natural progression when Rob and I met and.
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Started Macarpa Holdings in its own entity that we began to,
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it was just a natural progression to actually invest in ourselves to learn how to involve,
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knowing that we wanted to involve the kids and the next generation,
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but also knowing that we needed to build skills and needed to work on ourself
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and learn better how to communicate and be, yeah, an example to the next generation.
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Thanks, Ainsley. So perhaps just to explore that a little further,
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what was your experience of succession from the previous generation to you?
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You say that that was positive for you.
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Perhaps it'd be great to hear your story around that, Ainsley.
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And then Rob, same for you. We often hear the war stories, don't we,
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around succession, but what was your experience, Ainsley, last time?
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Well, interestingly, I've actually only always been part of my family's business
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and always had a role to play and not necessarily operationally,
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but knowing that the legacy of that business would land in my lap and that I
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would be custodian of that for the future.
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So I think that conversation already busts some of the succession piece around
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that the farm will pass on to...
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Me and I will do what I
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need to do with that farm it actually my parents have
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actually only both passed away in recent years and
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and now with my siblings we are actually
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managing a legacy business but we've built structure and and operational context
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around that so that it it's actually continuing just like I would be a stakeholder
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in in and a business and And separating that business out from a piece of land
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and it actually having to be in,
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hard to explain, but it's that I am custodian of that business and building
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it for the, growing it for the future.
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And also that example actually led me to be able to see that I could actually,
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one of those members of that family could exit and that you could facilitate
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an exit for them while carrying on the legacy that so many farming businesses are.
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And I feel like that has been a great example for Rob and I and his succession
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has happened differently, but almost similarly.
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There was no, we've definitely, neither of us have been raised with a sense
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of entitlement or, which I think in this day and age, it's almost easy to cookie
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cutter succession, but I think there's a million ways to do it.
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Rob and I are examples of that, but it's only successful if you have healthy
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family relationships and really good communication.
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Thanks, Ainsley. Rob, what's your connection?
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What's your history and how was succession? How did that play out in your last generation?
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Yeah, it's sort of, we become in charge of our operation relatively early in
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life through circumstances that weren't ideal.
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My mum passed away when I was only 20 and I took over her part of the partnership with her and dad.
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And then dad and I run it as a partnership till 2003 when he passed away with
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obviously the learning and the mentorship from dad.
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But, yeah, we were able to just pick up the reins and we kept it going.
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And then Ainsie and I got married only a couple of years before that.
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So Ainsie was sort of coming into the business then as well.
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So we basically, it didn't really miss a beat when Dad passed on and we were
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able to, yeah, just continue the trend.
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And we actually expanded relatively, yeah, soon after that we started growing
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it because, yeah, we could see that scale was, you know, If you want to have children,
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then the scale that we had was not going to service a growing family.
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So yeah, we looked at that opportunity and things popped up. Thanks, Rob.
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Rob, how do you describe the business today? Would you mind giving our listeners
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just an overview of MacArthur Holdings as it is today? Yeah.
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Through Farm Owners Academy, we've done a lot of work on the structure of how we've set it up.
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But Ainsley, she holds the CEO role in the business and I'm outside on the production
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side as he has all the bright ideas and I make sure they happen.
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But in saying that,
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We have an annual planning weekend once a year where we get all the stakeholders.
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The stakeholders are Anas and I and our six kids and their extended family.
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The family's starting to grow. So we have that once a year. We go away for a
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couple of days, two or three days, and work through that.
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And then every quarter, we have a quarterly meeting. So just make sure that
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all the stakeholders are involved in that as well.
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And then, yeah, they might, Ainsley and myself and Andrew, our eldest boy,
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who's working in the business too now, make sure that we're accountable for
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what we're doing. Thanks, Rob.
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And Ainsley, would you mind just describing the farm for us or the property?
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Yeah. So we have 30,000 acres.
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I can never remember how many hectares that is. Half a generation,
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the wrong side of that. And we run about between 5,000 and 6,000 head of cattle
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here and on another block that we've got some adjustment on.
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We're predominantly a breeding business and then we're backgrounding steers
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with the target of feedlot entry weight as our turnoff.
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Thanks, Ainsley. And what are some of the key achievements that you both reflect
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on having achieved in your career over the last 25 years?
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What are a couple of the milestone growth steps
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or the milestone moments of real improvement that
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you're most proud of first and foremost you've got to say the kids but
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personally well in the business I think it
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is the and I hesitate to use the word regenerative but because it's such a coined
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phrase but I think it's our grazing management that and what we've been able
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to achieve here by investing in in ourselves and learning how to do things better
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so just being open-minded and what.
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We've been able to get out of our country. We're really proud of the development
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we've done here, our increase in our carrying capacity.
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Yeah, I feel like there's no really huge milestones.
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It's just that it continues to feel better and better.
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And we just know that we're really building this business and this landscape
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into something that the next generation can go forth with.
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Thanks, Ainsley. Rob, how much more productive is your property than 25 years ago?
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We used to, and we're working on, okay, I'll take heed your thing about acronyms.
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We used to run about 1,500 livestock units on our holdings with a change in
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grazing management and fencing the country up to smaller areas.
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We have now increased that to 5,300 livestock units over the last 20 years.
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We don't fertilise. We have done a fair bit of pasture, adding tropical pastures into it and stylise.
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So, yeah, we've considerably lifted our carrying capacity by grazing and a little bit of wire.
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Thanks, Rob. Rob, I know you've completed the RCS course and I think you've
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done KLR marketing and my observation is that you're both just so open to investing
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in your own skill set and growing as individuals.
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So congratulations on that. How valuable have those programs been for you as
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to support that journey?
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Incredible. And I think we wouldn't have been, well, we've implemented and I
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think that's been the key. we wouldn't, having the confidence,
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hearing about the fairy would,
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And then actually watching and seeing other people do that.
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And so, you know, taking on board other people's learnings.
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I remember when we first came home from our first RCS course and we jammed all
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the cows in one paddock and started to rotate them.
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And there was a couple of hundred Brahmin cows that lived in four different paddocks.
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So each cow had lived in that paddock all her life. And we got these Brahmin
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cows. And I guess anyone in the north of Australia will know how a Brahman cow loves her home.
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And they all stood in that. We bought them all in one paddock and they all went
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and stood in the corner that they came from.
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So north, south, east and west corner from wherever they came from.
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And we just went, oh God, what are we doing? And this isn't going to work.
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But like, it is about being brave to try something different.
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And it's the same. Rob had a complete paradigm about electric fence and he was
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a four barbed wire, iron bark post man.
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But like anything, we had a go and we didn't get it right the first time, but we had a go.
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And I think that's a reflecting, if we reflect, that's what we've been together,
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been able to do is go, yeah, have a go, doesn't work, learn a new idea.
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Have a go, try it, learn and don't give up.
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And I think the big thing is that the kids have been involved in the whole process.
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Like Andrew was, I think Andrew was six weeks old when we did our first executive link meeting with RCS.
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So yeah, the kids have been involved in it the whole way through.
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So they've been exposed to those learnings and exposure of thinking that,
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yeah, try things and give it a go. Thank you.
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We came to know you about five years ago, I think, when you started with us
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and Farm Owners Academy, what was it that inspired you to make the decision
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to lean in and call on FOA's support?
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It was about building a bigger network for us.
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So, and one of the things for us being in what I call Northern Australia is
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let's go and see how they do it in the South.
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And I think that was a little bit of, so a new group of people,
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we, I think we talked to Westy.
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And so knowing that the culture of the
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group and of the organization like we were
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going to be surrounding ourselves with like-minded people people
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who were willing to have a go that positivity and we
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were well we've done some wonderful things with RCS we were ready for the next
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group and the next yeah growth opportunity yeah I think that in a nutshell is
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yeah why we've yeah why we're here and at that point we'd sort of hadn't done
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anything for a little while and we were going well well,
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come on, we need to keep exposing ourselves to, yeah, different learnings.
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So I think it was Facebook and then a post come up and I went,
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yeah, what, and did a little bit of research and thought, well, yeah, I think.
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What you guys offer is what we need. So, yeah, so we took the steps and made contact.
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Thanks, Rob. So, Sam, you first came to know Rob and Ainsley when you started
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coaching them probably five years ago.
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What's your reflection of those first few meetings that you had with them,
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getting their alignment meeting done and getting them support on their first
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strategic plan and meeting them for the first time?
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Yeah, absolutely, Hutch. A lot of it's been, we've touched on already the thing
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that was very evident very soon when I had the privilege of starting to work
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with Robin Ainsley was the family unit.
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There were many calls where there were family members.
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Part of those calls where there had been a mastermind call attending one of
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our deep dive conferences.
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I'm trying to now work back the years, but Eliza was probably about eight,
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maybe seven or eight. Would that be about right, Ainsley? Yeah.
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But just the commitment and the vision that both Rob and Ainsley were demonstrating
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then and have continued to for their family business and where everybody fits
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in that has been extraordinary to watch.
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Thanks, Sam. And we've done other podcasts previously on succession with Mike
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Stevens and Isabel Knight and Tony Catt, who are specialists in that field.
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But to your point, Sam, I think Rob and Ainsley just present such an incredible
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example of how to lead a young family and give them that exposure to the running
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of a successful farm business.
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Would you mind just speaking, Sam, from your perspective on practically what you've seen?
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Have you seen Rob and Ainsley include their six children in the business improvement
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journey over the last five years?
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Yeah, so look, I think it's important to note and it's fair to say that when
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I first started working with Rob and Ainsley, the business model was being tested to a degree.
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There was a large, due to previous circumstances, there was a large reliance
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on adjustment, but there was a very clear vision to get back to a breeding and
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more trading enterprise. But everybody was invested.
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The kids were giving their input. As Rob said, like the family,
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all involved in the annual planning, the quarterly planning.
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But there's been a very strong aligned vision the whole way through.
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And that, I think, has really helped drive.
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And now that there's a couple more of the kids that have finished school and
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heading off in their own career paths.
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And they may not all be directly related to the farming enterprise right now,
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but they've still got significant input to that vision and achieving that vision.
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And the business is now setting itself up to continue to provide opportunity
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for those different family members, no matter which direction they choose to take.
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And that has been on the back of Rob and Ainsley's leadership.
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Great comment, Sam. I think now's the perfect time. Monsely,
00:17:40.492 --> 00:17:44.272
would you mind introducing your broader family, your six children,
00:17:44.532 --> 00:17:46.552
just giving us a brief overview of...
00:17:46.681 --> 00:17:50.841
Perhaps their age and what they're up to. And then I'd love to explore what
00:17:50.841 --> 00:17:54.461
has been your approach to getting them involved early. But would you mind just
00:17:54.461 --> 00:17:55.781
introducing us to your family?
00:17:56.101 --> 00:18:00.521
Yeah, very proudly. So Tess is the eldest and she's now married,
00:18:00.701 --> 00:18:02.881
lives about an hour and a half north of us.
00:18:02.981 --> 00:18:07.081
And she has delivered us our first grandbaby, which is the most exciting thing ever.
00:18:07.381 --> 00:18:11.521
And little Isabel was involved in our, he's just about to turn 22.
00:18:11.761 --> 00:18:15.921
He's been, of our children, and he's been the most involved in the farm owners
00:18:15.921 --> 00:18:21.541
process, but because of the age and the stage he was at, and he's actually working
00:18:21.541 --> 00:18:23.341
in the business with us right now.
00:18:24.381 --> 00:18:31.061
Buck is 19, and he, since he's been two, is going to be a livestock agent,
00:18:31.081 --> 00:18:35.541
and that is exactly what he's doing now and is a perfect example of when you
00:18:35.541 --> 00:18:38.961
know what you want to do and you have a passion, you'll excel.
00:18:39.181 --> 00:18:44.801
So that's where he is. And then Hamish, Adelaide and Eliza are all in at boarding
00:18:44.801 --> 00:18:46.781
school at the moment. So they're all in high school now.
00:18:47.041 --> 00:18:52.721
Hamish is about to finish grade 12, Adelaide's in grade 11 and Eliza's in grade 8.
00:18:53.021 --> 00:19:01.641
But to build on that, we've got a strategic move on our plate at the moment.
00:19:01.641 --> 00:19:06.181
Well, we do a monthly dashboard to keep the kids all up to date and we're quite
00:19:06.181 --> 00:19:11.021
open. And the business is very much an open book and the kids all sit around,
00:19:11.021 --> 00:19:12.741
are very aware of the finances.
00:19:12.761 --> 00:19:15.801
When we present the financial papers at the quarterly meetings,
00:19:15.961 --> 00:19:20.141
we'll age appropriately. There's nothing like being questioned about the cost
00:19:20.141 --> 00:19:23.461
of telephone and internet from a 12-year-old.
00:19:23.621 --> 00:19:27.521
Age appropriately, they really contribute and bring ideas to the table.
00:19:27.741 --> 00:19:32.921
But there was a strategic move that I was discussing with Tess and she said,
00:19:33.081 --> 00:19:35.941
I think the stakeholders actually need to this is
00:19:35.941 --> 00:19:39.661
a stakeholder issue this is not just an operational strategic
00:19:39.661 --> 00:19:45.081
thing that should be occurring and so we called a meeting yesterday and isabel
00:19:45.081 --> 00:19:50.181
front of center was at the meeting so that at 10 months old she's now contributing
00:19:50.181 --> 00:19:56.841
as well but i just love that we have now got a construct where rob and andrew
00:19:56.841 --> 00:19:59.201
and i is working operationally in the business,
00:19:59.401 --> 00:20:04.241
but we have a board that ostensibly are our children that are holding us account
00:20:04.241 --> 00:20:05.841
to where this business is going.
00:20:06.101 --> 00:20:11.841
And yeah, it's just that to me is the combination of all the practice runs we've
00:20:11.841 --> 00:20:15.281
been doing ever since the kids have been little. Thanks, Ainsley.
00:20:15.441 --> 00:20:19.861
And a shout out to Tess, who I understand sort of moving through her Nuffield
00:20:19.861 --> 00:20:21.521
scholarship at the moment.
00:20:21.701 --> 00:20:26.861
It's a huge achievement in addition to her career and now a young mum.
00:20:26.861 --> 00:20:33.121
What has been your philosophy? You've brought your kids into the business planning,
00:20:33.401 --> 00:20:35.301
those quarterly meetings you mentioned.
00:20:35.761 --> 00:20:40.821
They have full exposure to all the financials and now you effectively have them
00:20:40.821 --> 00:20:42.221
on a board. You have them on a board.
00:20:42.838 --> 00:20:47.018
And they hold you accountable to doing the best you can do by the farm.
00:20:47.158 --> 00:20:52.638
What's been your philosophy to bring your children into those meetings and those
00:20:52.638 --> 00:20:54.098
conversations so early?
00:20:54.238 --> 00:20:57.338
I think going right back to the beginning of the conversation,
00:20:57.338 --> 00:21:00.958
I've had the privilege of being involved in those conversations,
00:21:00.958 --> 00:21:05.518
not formally, but my parents exposed me that right the way through.
00:21:05.758 --> 00:21:11.538
And then I think it has been about educating ourselves and seeing the examples
00:21:11.538 --> 00:21:14.158
of how a business might operate.
00:21:14.438 --> 00:21:18.758
And if I reflect, you know, I've done company directors training with AICD.
00:21:19.038 --> 00:21:22.578
Have done a lot of work with the likes of Alan Parker about the business of
00:21:22.578 --> 00:21:25.858
family and the family of business, for the family business and the business
00:21:25.858 --> 00:21:27.998
of family and how they're two different things.
00:21:28.118 --> 00:21:32.918
So it has been about gaining a lot of knowledge and then going,
00:21:33.078 --> 00:21:39.358
well, we have been shown, there's theories out here about best practice, now let's implement it.
00:21:39.358 --> 00:21:45.178
And I think not being afraid to implement it because their kids do have such
00:21:45.178 --> 00:21:49.418
an age spread on them to actually implement it and have that expectation of
00:21:49.418 --> 00:21:51.758
the kids that to be part of a family,
00:21:52.038 --> 00:21:55.538
whether you're a part of a cricket team or a family or a school community,
00:21:55.538 --> 00:21:57.658
you have a responsibility to show up.
00:21:57.758 --> 00:22:00.178
And the kids are really, it really astounds me.
00:22:00.318 --> 00:22:05.818
The more meetings we have, the more involved and they speak up.
00:22:05.818 --> 00:22:10.138
And sometimes, as Rob said, sometimes Adelaide and Eliza being the youngest
00:22:10.138 --> 00:22:13.318
will tune out, but that's okay too. That's age appropriate.
00:22:13.638 --> 00:22:18.738
Yeah. So it's actually not having any rules, but having an expectation and a
00:22:18.738 --> 00:22:24.278
sense of reward because it does come back to that they feel involved and have
00:22:24.278 --> 00:22:25.618
that sense of responsibility.
00:22:25.958 --> 00:22:27.498
And I was just going to say it.
00:22:28.002 --> 00:22:31.282
Provides them with a sense of ownership like they're actually
00:22:31.282 --> 00:22:34.382
contributing to the actual the direction
00:22:34.382 --> 00:22:37.482
that we're going it's not just mum and dad that are driving this
00:22:37.482 --> 00:22:42.382
whole thing it's a group and older that they're getting you know we can convince
00:22:42.382 --> 00:22:47.582
ourselves that oh that's a good idea but then they are looking at it from a
00:22:47.582 --> 00:22:52.682
different perspective and yeah they ask pointy questions And you go,
00:22:53.002 --> 00:22:54.882
right, okay, stand back.
00:22:55.042 --> 00:23:01.422
And that's the healthy thing about it all is that it's not just two people ruling it.
00:23:01.742 --> 00:23:06.122
It is an actual, yeah, everyone's got, yeah, everyone's an interest.
00:23:06.322 --> 00:23:11.822
Rob, what impact has it had on the business, do you think, having all of them
00:23:11.822 --> 00:23:16.762
involved from an early stage? What's your take on how it's helped the business?
00:23:17.062 --> 00:23:22.002
It's, as Sam said, when we first started Farm Owners, Our business model was
00:23:22.002 --> 00:23:26.062
totally different to what it is now. We had a lot of adjustment.
00:23:26.442 --> 00:23:32.302
The kids were involved in operational stuff, but you could just see that the passion wasn't there.
00:23:32.422 --> 00:23:36.362
We were going out. We were still doing our rotations and shifting cattle,
00:23:36.542 --> 00:23:41.602
which we do with their own, but they weren't our cattle and the kids, they begrudgingly.
00:23:41.742 --> 00:23:46.502
And then as we started building our numbers and, yeah, the kids were,
00:23:46.682 --> 00:23:50.562
you don't have to come, I'll go and do that. So they just, yeah,
00:23:50.722 --> 00:23:54.162
it comes back that they took ownership because, yeah, they're doing something.
00:23:54.842 --> 00:24:01.202
Ainsley, what impact do you feel having your children so involved early has
00:24:01.202 --> 00:24:05.082
had back on their development as young people?
00:24:05.322 --> 00:24:07.402
I guess I'm biased because I'm
00:24:07.402 --> 00:24:13.642
their mum, but their maturity and their ability, there's so many pieces.
00:24:13.962 --> 00:24:18.322
I feel like their emotional intelligence is quite high. And I mean,
00:24:18.642 --> 00:24:22.602
they're kids and they're going to make mistakes and they know that and we know
00:24:22.602 --> 00:24:27.102
that, but they have that sense of how the world works.
00:24:27.696 --> 00:24:33.676
I see them, Hamish, he's in year 12, and if he presents me with a business plan
00:24:33.676 --> 00:24:36.976
on a piece of machinery, like a dozer, for example,
00:24:37.276 --> 00:24:42.916
or I mentioned to him the other day in my extended family's business that freight was a real issue.
00:24:43.196 --> 00:24:46.236
Well, yesterday, he's still working out what he wants to do when he finishes
00:24:46.236 --> 00:24:49.676
year 12, but yesterday he came back with me and he said, now,
00:24:49.856 --> 00:24:52.236
this is what it would cost for a truck.
00:24:52.376 --> 00:24:57.736
This is what it would cost for trailers. and he had done amazing research, swatted it.
00:24:57.836 --> 00:25:01.896
He said, now, these are the disadvantages and advantages of employing a driver.
00:25:02.176 --> 00:25:06.056
I feel like all of them in their own right, and Hamish is just an example,
00:25:06.476 --> 00:25:13.516
thinking about business ideas, but far greater than selling the lemonade at the pop-up store.
00:25:13.676 --> 00:25:17.516
The other thing that we always say to them is that our six kids are really different
00:25:17.516 --> 00:25:20.496
and particularly, I'll use Lachlan as an example.
00:25:20.936 --> 00:25:24.716
Maybe he'll listen to this. People often say to us, where did you get that child
00:25:24.716 --> 00:25:27.996
from? Because he's extroverted and he's confident and he's the consummate.
00:25:28.136 --> 00:25:32.876
He's just in the right job as a livestock agent. He's a people's person. He is a people's person.
00:25:32.996 --> 00:25:38.056
We have fostered that environment for them to know that they have,
00:25:38.156 --> 00:25:41.996
each of them are very different, that they have strengths and weaknesses and
00:25:41.996 --> 00:25:44.416
that you need all those players in the team.
00:25:44.776 --> 00:25:48.016
You need someone with so many different, Lachlan, for example,
00:25:48.236 --> 00:25:52.476
could literally sell Snow to an Eskimo. So the other kids actually know that
00:25:52.476 --> 00:25:55.816
when you need something that Lachlan's the man that you put forward.
00:25:55.976 --> 00:26:01.316
And equally, they know that if you need something done, Hamish is the completed finisher.
00:26:01.556 --> 00:26:06.096
So that's the person you put up there. And to me, and if we think about the
00:26:06.096 --> 00:26:07.696
war stories, you think about, you know.
00:26:08.216 --> 00:26:13.976
Three brothers or six siblings in a business, it's about, and we often talk
00:26:13.976 --> 00:26:17.116
to them about the difference between what's fair and what's equal,
00:26:17.116 --> 00:26:21.276
because by nature, they're all so different. and they're all going to end up
00:26:21.276 --> 00:26:22.296
in very different places.
00:26:22.316 --> 00:26:28.896
The business is going to be a vehicle for them to support them to get them where they want.
00:26:29.196 --> 00:26:32.616
But they've actually got to work together and work to each other's strengths.
00:26:32.816 --> 00:26:37.896
I think it's much easier to learn that when you're in your early 20s or a teenager
00:26:37.896 --> 00:26:40.596
versus being 40 or 50 or 60.
00:26:40.836 --> 00:26:45.796
I was just going to say, I'm kind of jealous that the exposure that these kids
00:26:45.796 --> 00:26:51.916
have had, how far we could have been progressed if we had that exposure back at their age.
00:26:52.156 --> 00:26:56.796
The kids have been exposed to these amazing learnings over their teenage and
00:26:56.796 --> 00:27:01.656
even younger years that, you know, Rob and Ainsley, now they're seeing the fruits
00:27:01.656 --> 00:27:03.216
of that labour coming into play.
00:27:03.376 --> 00:27:07.356
Like, they don't all have to be interested in the actual farming business that
00:27:07.356 --> 00:27:08.356
Rob and Ainsley are running,
00:27:08.396 --> 00:27:11.716
but they've got the learnings and the understanding of what they need to go
00:27:11.716 --> 00:27:15.816
and research and what their vision is because they've been actively involved
00:27:15.816 --> 00:27:20.896
in setting the family business's vision to go and create their own place of their environment.
00:27:21.467 --> 00:27:24.807
It's really powerful. Sam, I'd like you to expand on that. What impact have
00:27:24.807 --> 00:27:29.287
you seen it have on the business and on Rob and Ainsley's children?
00:27:29.447 --> 00:27:33.927
I think the biggest thing is just the clarity of the vision of that business
00:27:33.927 --> 00:27:38.827
and how that's evolved from where things were five years ago with that slightly
00:27:38.827 --> 00:27:40.047
different business model,
00:27:40.187 --> 00:27:45.467
but having that constant engagement of the kids as part of that process of what they were doing,
00:27:45.647 --> 00:27:49.507
why they were doing, what needed to be done at the time, but to get clear on
00:27:49.507 --> 00:27:54.667
what everybody as stakeholders in that family were wanting to get Andrew as
00:27:54.667 --> 00:27:56.547
a 18, 19 year old ringing me,
00:27:56.727 --> 00:28:00.907
asking me about what personal development books I could recommend to him,
00:28:01.247 --> 00:28:06.807
through to Eliza at a deep dive for the age eight or nine, diligently filling
00:28:06.807 --> 00:28:11.007
out the notebook, how much she was actually comprehending or taking in doesn't
00:28:11.007 --> 00:28:13.727
really matter. There would have been parts of that that she'll never forget.
00:28:14.027 --> 00:28:17.227
It would have been absorbed in some capacity that she'll refer back to us.
00:28:17.347 --> 00:28:23.047
For them to then contribute, and the MacArthur's are contributors, it's in their genes.
00:28:23.247 --> 00:28:26.947
For them to then contribute back at a board level to the business,
00:28:27.247 --> 00:28:30.687
it's no surprise that the business model has turned around and is achieving
00:28:30.687 --> 00:28:34.347
the vision that they've all become very aligned to. Thanks, Sam.
00:28:34.627 --> 00:28:41.267
So Ainsley, as CEO, and if we reflect on the MacArthur Holdings vision or BHAG,
00:28:41.427 --> 00:28:47.427
as we call it, a hairy audacious goal, and then the core values that underpin your business.
00:28:47.767 --> 00:28:50.047
Would you mind just, how did they
00:28:50.047 --> 00:28:54.287
come to be and how were your children involved in the crafting of that?
00:28:54.427 --> 00:29:03.547
It's really interesting because I have 25 years of business planning nights and each year,
00:29:03.827 --> 00:29:07.387
and I guess the annual planning has really hit,
00:29:07.607 --> 00:29:10.667
really got traction probably in the last we've
00:29:10.667 --> 00:29:13.707
always done some some form of annual planning but i
00:29:13.707 --> 00:29:16.707
think in the last five six years we have really we're
00:29:16.707 --> 00:29:19.867
nailing that i'll print out when we go to the beach you
00:29:19.867 --> 00:29:23.127
know we go and play golf we take the kids to an island or you
00:29:23.127 --> 00:29:25.947
know do all the fun things but they the kids sit
00:29:25.947 --> 00:29:28.767
down with a notebook and so we
00:29:28.767 --> 00:29:31.727
always really big on their personal goals and obviously
00:29:31.727 --> 00:29:34.747
age appropriate it might be a new bike
00:29:34.747 --> 00:29:38.307
or a new horse and it might be an
00:29:38.307 --> 00:29:41.247
amount of cattle it might be you know a property
00:29:41.247 --> 00:29:44.347
it's always age appropriate where their goals
00:29:44.347 --> 00:29:47.167
are and then we then talk about the
00:29:47.167 --> 00:29:50.067
business vision i guess by osmosis they
00:29:50.067 --> 00:29:52.887
have for rob and i it is definitely about more land
00:29:52.887 --> 00:29:57.527
and more cattle and and building a bigger but at each and your planning we go
00:29:57.527 --> 00:30:02.527
with almost a clean slate just to check in with that beehive and over the period
00:30:02.527 --> 00:30:07.507
of time that beehive has that vision has not changed and the kids raffle that
00:30:07.507 --> 00:30:11.367
off and each and every one of them almost challenges it.
00:30:11.970 --> 00:30:15.390
To be bigger like they are so invested in
00:30:15.390 --> 00:30:18.290
in the business in growing it in in growing
00:30:18.290 --> 00:30:21.570
the business yeah but also sitting us alongside
00:30:21.570 --> 00:30:24.690
that is their personal vision which it's
00:30:24.690 --> 00:30:27.530
like that they're responsible for their own balance sheet as well
00:30:27.530 --> 00:30:30.950
and which i think is a really nice piece because if
00:30:30.950 --> 00:30:33.810
there was one thing i'd say about the kids they certainly don't come
00:30:33.810 --> 00:30:36.630
across as entitled like it's not like they're growing
00:30:36.630 --> 00:30:39.570
this to be for themselves they're growing it for something
00:30:39.570 --> 00:30:42.510
bigger them themselves and I mean like any family in
00:30:42.510 --> 00:30:45.330
business it's going to change and we're going to grow
00:30:45.330 --> 00:30:48.810
and you know it will evolve but we
00:30:48.810 --> 00:30:53.930
have the framework and the system and the communication construct for them for
00:30:53.930 --> 00:30:59.130
us to work through all of that and that I feel like the last 10 years all of
00:30:59.130 --> 00:31:04.990
that work is actually preparing us for the next 10 it's just it is super exciting
00:31:04.990 --> 00:31:08.290
right now because using the example from yesterday,
00:31:08.290 --> 00:31:11.910
we called in a meeting and they asked us some pointy questions.
00:31:11.910 --> 00:31:14.470
And I just think that's exactly what you want.
00:31:14.690 --> 00:31:20.410
And I mean, Rob and I are in our early 50s and we want to be asked the pointy questions.
00:31:20.610 --> 00:31:26.390
What would you say to a family listening that hasn't yet necessarily brought
00:31:26.390 --> 00:31:30.350
their young children into some of those conversations?
00:31:30.390 --> 00:31:34.830
What would you say to them and what tips would you have for them on how to do
00:31:34.830 --> 00:31:36.750
it well? Rob, could I start with you?
00:31:36.970 --> 00:31:40.910
Yeah, the earlier you start them, it just becomes natural.
00:31:41.110 --> 00:31:46.090
It's like, you know, they just pick up and it just becomes nature.
00:31:46.330 --> 00:31:47.730
Like, it's just what happens.
00:31:47.990 --> 00:31:50.890
And yeah, you can never start too early.
00:31:51.030 --> 00:31:54.030
The earlier you start, the easier it becomes because the kids,
00:31:54.350 --> 00:31:58.590
you know, they know exactly what direction you're heading and they're not being
00:31:58.590 --> 00:32:00.950
blindsided by this or by that.
00:32:00.950 --> 00:32:05.490
And feeling that they're heard when they put something up and feeling that they're
00:32:05.490 --> 00:32:10.410
heard and what they've said is actually taken notice of is another.
00:32:10.670 --> 00:32:17.710
It's just that clarity that everyone knows where everyone's at and not judging is the other thing.
00:32:18.010 --> 00:32:20.110
Like someone might ask a question, yeah.
00:32:20.648 --> 00:32:24.108
Don't think it's a stupid question. Just let that go through.
00:32:24.588 --> 00:32:28.968
Do not comment on it just because they've got a reason for asking that question
00:32:28.968 --> 00:32:33.568
about whatever it might be about and there will be an outcome out of it.
00:32:33.888 --> 00:32:39.488
Yeah, just to add on to what Rob just said there, I think that above and below
00:32:39.488 --> 00:32:44.308
the line behavior, so we don't tolerate the below the line behavior. Yeah.
00:32:44.468 --> 00:32:50.948
In some instances, there has been some child has been the village idiot and
00:32:50.948 --> 00:32:53.168
climbed under the table or something like that.
00:32:53.268 --> 00:32:58.188
But we haven't focused on that. We've actually just kept going.
00:32:58.508 --> 00:33:02.088
And quite quickly, they want to be part of it because everyone else is part
00:33:02.088 --> 00:33:03.608
of it and everyone else is involved.
00:33:03.748 --> 00:33:07.528
And it's that classic thing. If you focus on the child not participating.
00:33:08.228 --> 00:33:10.888
Then guess what's going to happen? It's not going to participate.
00:33:11.248 --> 00:33:15.588
You just got to keep focusing on what you want. The kids have been exposed to
00:33:15.588 --> 00:33:22.528
every template that we have ever laid our hands on through the farm owners community, through the RCS.
00:33:22.828 --> 00:33:27.608
We print those templates out and they've filled in their golden life booklets.
00:33:27.808 --> 00:33:32.248
They've all just keep throwing those tools at them because it's so different
00:33:32.248 --> 00:33:34.168
to anything they're learning at school.
00:33:34.368 --> 00:33:37.748
And I mean, it's probably changing in this digital age, but you know,
00:33:37.868 --> 00:33:41.488
back when we went to workshops and we We had a big paper, butcher's paper.
00:33:41.788 --> 00:33:46.568
We bought the butcher's paper and the coloured pens and let them scribble out the ideas.
00:33:47.068 --> 00:33:54.228
And it doesn't matter if it's a silly idea. It's actually the gold is actually in the process.
00:33:54.308 --> 00:34:00.728
And if you have a process, then the answers will rise to the top. Thank you both.
00:34:01.048 --> 00:34:04.408
I love the comment that a business will never outgrow its owner.
00:34:04.408 --> 00:34:10.148
Just to acknowledge you both for just that lifelong dedication to your own development
00:34:10.148 --> 00:34:12.608
and improvement and then your
00:34:12.608 --> 00:34:16.808
willingness to pass it on early to your children I think is such a gift.
00:34:17.108 --> 00:34:22.528
And I just also want to acknowledge the level of respect and the level of patience
00:34:22.528 --> 00:34:27.928
that you must extend them in those conversations just to allow them to ask every
00:34:27.928 --> 00:34:33.168
question that they have and to feel heard and respected and not judged, Rob, to your point.
00:34:33.168 --> 00:34:38.108
I think it's just to be acknowledged for just the patience within your leadership
00:34:38.108 --> 00:34:41.088
in how you've supported them to turn up to those conversations.
00:34:41.348 --> 00:34:45.228
Well done. Just to add, I distinctly remember at the annual planning last year,
00:34:45.228 --> 00:34:49.988
I think we had golf book for the afternoon and we were sort of,
00:34:50.068 --> 00:34:52.868
you know, we'd done 10-year goals. We'd done, you know, three years.
00:34:53.543 --> 00:34:57.103
Goals with one-year actions and quarterly and
00:34:57.103 --> 00:35:00.403
we're all you know waning it was a bit that you
00:35:00.403 --> 00:35:03.603
know time of day we're going god I wish this and I
00:35:03.603 --> 00:35:09.583
just then let's take a break and let's do this later and Hamish probably only
00:35:09.583 --> 00:35:15.023
14 or something at the time and he said no let's keep going we're not playing
00:35:15.023 --> 00:35:21.523
golf until we finish this work and I just love that it doesn't actually have to be one person,
00:35:21.703 --> 00:35:26.083
but if there's a group of you, like in any instance and any activity,
00:35:26.283 --> 00:35:28.603
if there's a group of you, you keep each other going.
00:35:28.863 --> 00:35:33.423
Yeah. Sam, how unique is this in your experience? Yeah, quite unique.
00:35:33.823 --> 00:35:37.923
Hutch, really. I just keep going over the fact that they've got a framework.
00:35:38.103 --> 00:35:44.583
They use a framework that allows a platform for professional conversation in a family environment.
00:35:45.003 --> 00:35:49.203
Certainly, ANC has referred to it a lot, the age of preparedness of the goals
00:35:49.203 --> 00:35:51.603
or the comments. So that's being factored in.
00:35:51.723 --> 00:35:56.363
But at the end of the day, one of the stakeholders might have a goal of a new
00:35:56.363 --> 00:35:59.823
horse or something that might seem a little bit more trivial.
00:36:00.163 --> 00:36:06.543
They're still actually sticking to the structure to make a proper plan for a growing business.
00:36:06.723 --> 00:36:08.903
So it's that structure I think is really important.
00:36:09.103 --> 00:36:13.823
Thanks, Sam. And the beauty is the kids are into camp drafting.
00:36:14.143 --> 00:36:19.203
It's a family. Andrew's got his truck license now. him and his siblings jump
00:36:19.203 --> 00:36:24.323
in the truck and go to a draft that's, yeah, their mates as well as,
00:36:24.363 --> 00:36:26.743
yeah, as well as being siblings. Yeah.
00:36:27.163 --> 00:36:32.403
They're friends. But also they have, from the business, they've worked out a
00:36:32.403 --> 00:36:38.283
system almost like a delegation about who is organising each part of that.
00:36:38.383 --> 00:36:40.803
And the camp draft is a great example.
00:36:40.943 --> 00:36:44.943
Just as we have a weekly meeting and we work out what's happening operationally
00:36:44.943 --> 00:36:48.603
at Mystery Park and what cattle are going to be moved or who's mustering what.
00:36:48.803 --> 00:36:53.363
They actually have a system and a delegation process of how that works.
00:36:53.463 --> 00:36:59.503
And I've actually been cut out of that chat, not necessarily because they actually
00:36:59.503 --> 00:37:01.803
don't need me in that process, so they know...
00:37:02.563 --> 00:37:05.863
When who to include in a conversation and
00:37:05.863 --> 00:37:09.223
I just think how cool is that in a business you don't
00:37:09.223 --> 00:37:12.043
actually need the CEO in every conversation but you
00:37:12.043 --> 00:37:14.723
have a reporting mechanism that it
00:37:14.723 --> 00:37:18.343
does rise to the CEO when you actually need to take time out of the business
00:37:18.343 --> 00:37:25.143
so I just just feel like all of these skills are so transferable across every
00:37:25.143 --> 00:37:29.303
facet of their life and whether they're working in the MacArthur holding business
00:37:29.303 --> 00:37:33.943
or they're an employee of another business or they're creating creating their own. Thanks, Ainsley.
00:37:34.123 --> 00:37:38.163
Ainsley, you've mentioned family business versus the business of family.
00:37:38.303 --> 00:37:41.643
Would you mind speaking to that? What's your take on the distinction?
00:37:41.943 --> 00:37:46.103
I will refer back to my family, my extended family for this,
00:37:46.203 --> 00:37:48.743
because my father passed away last year.
00:37:49.063 --> 00:37:53.303
And so together with my siblings, we're in a family business.
00:37:53.303 --> 00:37:58.563
But when we're sitting beside dad's bed and caring for him, and we did have
00:37:58.563 --> 00:38:02.923
to care for him for quite a time, That's the business of family that we can
00:38:02.923 --> 00:38:05.423
actually gather around and, I mean,
00:38:05.583 --> 00:38:09.583
be there for dad when he needed us the most.
00:38:09.883 --> 00:38:15.083
And likewise, I think we can talk about gathering around the Christmas table
00:38:15.083 --> 00:38:16.543
or taking the family holiday.
00:38:16.923 --> 00:38:21.543
Those are the things that no matter what's happening in our family business,
00:38:21.543 --> 00:38:26.843
we want to be able to have those conversations and enjoy each other as a family,
00:38:26.843 --> 00:38:30.383
not just partners or members of a business.
00:38:30.463 --> 00:38:36.063
And I think that's really, it really became clear last year that I don't want
00:38:36.063 --> 00:38:40.623
to be out with my siblings. I want to be in business together with them.
00:38:40.763 --> 00:38:47.403
But I also think that the, yeah, the most important thing is the business of family. Thank you.
00:38:47.803 --> 00:38:49.723
Perfect. How has...
00:38:50.284 --> 00:38:54.604
Farm Owners Academy supported you and your family in this?
00:38:54.724 --> 00:39:00.224
As you reflect over your last five years with us, the strategic planning process,
00:39:00.544 --> 00:39:05.904
the communication rhythm that we recommend, even the benchmarking and other elements.
00:39:06.084 --> 00:39:11.344
And you mentioned the community as well, Aimsley, that you were looking for when you started.
00:39:11.604 --> 00:39:17.084
How do you reflect on how the Farm Owners Academy project has supported you
00:39:17.084 --> 00:39:19.044
and your family to get all this in play?
00:39:19.044 --> 00:39:24.044
I think, Sam, you mentioned it before, it's actually the framework and even,
00:39:24.324 --> 00:39:27.844
and I always get this upside down and back to front hutch, but the triangle
00:39:27.844 --> 00:39:33.924
that we work through, the tune in and take control piece, it's a framework and it's a process.
00:39:33.924 --> 00:39:38.444
And if you, I mean, there's bits like all learning, it's like you can read a
00:39:38.444 --> 00:39:41.224
book and then you can read it again and learn something more from it.
00:39:41.324 --> 00:39:45.744
But it's just that constant reinforcement of understanding yourself first,
00:39:46.144 --> 00:39:50.424
then actually measuring and knowing exactly where you are, and then actually
00:39:50.424 --> 00:39:54.264
also setting up that BHAG or having that direction.
00:39:54.624 --> 00:40:00.544
Farm owners, the tools and the support through our coaches, like we were so
00:40:00.544 --> 00:40:03.764
fortunate to have Sam in that part of our three-year journey.
00:40:03.924 --> 00:40:08.964
Then, you know, I think to each of the deep dives, bringing community together,
00:40:09.224 --> 00:40:10.564
seeing other people implement.
00:40:11.124 --> 00:40:14.824
Knowing that you don't actually have to implement it all at one time and that
00:40:14.824 --> 00:40:20.544
the piece that you need to implement will actually rise to the top for you at that time, all of that.
00:40:20.544 --> 00:40:25.204
And then for the numbers nerd, which is a little bit me, is doing the benchmark.
00:40:25.224 --> 00:40:30.124
And after I got off the phone call from Greg Debrief many years ago,
00:40:30.124 --> 00:40:35.284
I said, well, that paid for itself just in a two-hour phone call with Greg after
00:40:35.284 --> 00:40:36.564
we'd done our benchmark.
00:40:36.844 --> 00:40:40.344
So just, you know, that measuring, yeah, the friendships we've made.
00:40:40.504 --> 00:40:46.764
And then, as I've famously said, going on to the alumni program and then to be able to be in a room.
00:40:47.467 --> 00:40:54.307
And have other businesses really hone in on what was our biggest constraint at that time.
00:40:54.307 --> 00:40:59.907
It was like now we're playing the real game, we're on the field and then to
00:40:59.907 --> 00:41:05.367
then more recently be part of the boardroom program where there's, you know, really,
00:41:05.667 --> 00:41:10.987
I'm not sure, 18 or so really dedicated businesses that have been through the
00:41:10.987 --> 00:41:13.827
whole process to be so well supported in that.
00:41:13.827 --> 00:41:17.747
All the time, we're using all the tools that we've learned at the beginning
00:41:17.747 --> 00:41:21.587
of the farm owner's journey that, in all honesty, we had seen before in the
00:41:21.587 --> 00:41:24.167
RCS process, a little bit different,
00:41:24.467 --> 00:41:28.687
but kind of those theories aren't actually that different, you know,
00:41:28.807 --> 00:41:32.407
from the authors and the places before.
00:41:32.587 --> 00:41:36.427
But just hearing that when you need to hear it, you can't actually,
00:41:36.627 --> 00:41:41.027
it's impossible to take it all in in the first day, year, 10 years.
00:41:41.027 --> 00:41:43.827
You've just actually got to keep exposing yourself to it
00:41:43.827 --> 00:41:48.847
and it all just starts to yeah the cog start to turn slowly and yeah actually
00:41:48.847 --> 00:41:53.927
learn off other people other people might ask the question or they might have
00:41:53.927 --> 00:42:01.167
a problem and then you can associate what you need to get out of what they've.
00:42:01.700 --> 00:42:04.520
Come up with you go right we can use that
00:42:04.520 --> 00:42:07.280
and we can that will that's exactly what we need to
00:42:07.280 --> 00:42:10.320
do so it's that's a community it's that many
00:42:10.320 --> 00:42:18.020
minds way stronger than than one and you know a team and we class the farm owners
00:42:18.020 --> 00:42:23.620
academy groups that we're involved in as part of our team like yeah just yeah
00:42:23.620 --> 00:42:25.600
inspirational thanks rob it's
00:42:25.600 --> 00:42:29.560
the concept of a mastermind isn't it that so many of us in agriculture,
00:42:29.580 --> 00:42:31.660
we're on our farms going alone.
00:42:32.000 --> 00:42:36.120
You know, we might have one or two advisors. We are just trying to navigate
00:42:36.120 --> 00:42:39.940
this business improvement journey as a family on our own.
00:42:40.000 --> 00:42:43.300
I think you speak to it really nicely that there's strength in being surrounded
00:42:43.300 --> 00:42:47.960
by a group of like-minded peers who are challenging you and challenging themselves.
00:42:47.960 --> 00:42:50.300
And we're all learning for the benefit.
00:42:50.600 --> 00:42:54.540
Yeah, great comments. Thank you. Sometimes when we do our mastermind,
00:42:54.680 --> 00:42:58.920
you'd have your question that you want answered and you would think,
00:42:59.080 --> 00:43:02.140
oh, well, I'm not going to get a lot out of our meeting today.
00:43:02.380 --> 00:43:05.360
And then after the meeting, you go, it was definitely worth.
00:43:05.720 --> 00:43:11.800
Yeah, same as I said, that's worth every cent that we put towards it by what we just got out of that.
00:43:12.100 --> 00:43:16.900
Yeah, so never think that you're not going to get something out of every interaction you have.
00:43:17.060 --> 00:43:21.120
Just well done for the way in which you've lent him to Platinum Mastermind and
00:43:21.120 --> 00:43:22.660
then alumni and now boardroom.
00:43:22.860 --> 00:43:26.420
As members of our community, you're just such valued contributors,
00:43:26.420 --> 00:43:30.700
but you're just such great examples of what you can do when you're open to the
00:43:30.700 --> 00:43:35.140
learning and you're willing to be held accountable and you focus in on the pursuit
00:43:35.140 --> 00:43:38.180
of a worthwhile goal as individuals and as a family.
00:43:38.340 --> 00:43:41.360
You're just such great examples of people who execute really strongly.
00:43:41.660 --> 00:43:46.340
Sam, what's your comment on the MacArthur family and what they've achieved over
00:43:46.340 --> 00:43:48.440
their five years of tracking with us?
00:43:48.600 --> 00:43:54.240
Hutch, it really is a very inspirational story to see the next generation coming
00:43:54.240 --> 00:43:59.520
through but just how Rob and Ainsley have led that and as I said to earlier
00:43:59.520 --> 00:44:01.320
on and it's just touched on there again that.
00:44:02.168 --> 00:44:07.068
They're such contributors and quite often I've seen in our mastermind conversations,
00:44:07.408 --> 00:44:11.728
Rob and Ainsley will be contributing to somebody else's question or constraint
00:44:11.728 --> 00:44:16.408
at a time, but end up getting so much value for their own business out of what
00:44:16.408 --> 00:44:18.168
they've just contributed to somebody else's.
00:44:18.268 --> 00:44:20.548
The penny drops about what they need to address themselves.
00:44:20.808 --> 00:44:24.188
So, such value in contribution and these guys do it so well.
00:44:24.288 --> 00:44:30.008
But I'm just super excited, Hutch, to see where the MacArthur next generation,
00:44:30.328 --> 00:44:34.288
where they head because there are some, at this stage,
00:44:34.448 --> 00:44:37.888
there's some different avenues as opposed to the beef operation,
00:44:37.888 --> 00:44:41.768
but the learnings that they've had and the conversations that we've already
00:44:41.768 --> 00:44:44.608
heard that they're having, it's pretty exciting for this family.
00:44:44.848 --> 00:44:46.148
Thanks, Sam. Great comment.
00:44:46.568 --> 00:44:50.488
Givers gain, right? The more you lean in and give to others, the more we get back.
00:44:50.888 --> 00:44:54.688
And again, that's one of the other great things about being part of a mastermind. Thank you.
00:44:54.968 --> 00:44:58.628
So Rob and then Ainsley, how does the future look?
00:44:58.748 --> 00:45:03.128
And maybe with the next generation in mind and for the investment you've made
00:45:03.128 --> 00:45:07.548
in your children and their development, how do you see succession playing out?
00:45:07.648 --> 00:45:11.368
How confident are you in that? And how does the future look for your family?
00:45:11.568 --> 00:45:15.368
We've been discussing this for quite a number of years.
00:45:15.688 --> 00:45:21.728
And Ainsley alluded it there before, like the sense of entitlement and being fair and equal.
00:45:22.028 --> 00:45:28.248
I think they're all aware that, But yeah, you know, it mightn't be dollars wise,
00:45:28.468 --> 00:45:29.928
mightn't be all the same.
00:45:30.128 --> 00:45:35.648
However, it will be totally fair into whatever avenue they're headed.
00:45:35.948 --> 00:45:39.388
We, part of our BHAG, is we still want to grow.
00:45:39.768 --> 00:45:45.188
So Ainsley and I have still got something that we want to achieve ourselves yet,
00:45:45.428 --> 00:45:51.268
but we want to have MacArthur Holdings in a position that each stakeholder can,
00:45:51.268 --> 00:45:55.048
And we can support each stakeholder in whatever direction they want to go off.
00:45:55.228 --> 00:46:02.208
And MacArthur Holdings will be the main ship. And then they'll have their satellites going off that.
00:46:02.428 --> 00:46:05.608
That's how I see how we're headed. I love that, Rob.
00:46:05.648 --> 00:46:12.268
And I love the fact that you've referred to the stakeholders that happen to just be your children.
00:46:12.548 --> 00:46:17.808
Yeah. From a business standpoint, we've all got significant businesses that
00:46:17.808 --> 00:46:21.648
are set up with the ability to contribute to so many.
00:46:22.008 --> 00:46:27.268
And as you say, having that as kind of the engine room or the mothership that can allow.
00:46:27.906 --> 00:46:31.766
You know, our children to go off and pursue whatever it is that they want with
00:46:31.766 --> 00:46:34.846
good business skill is such a great way to think about it.
00:46:35.146 --> 00:46:37.906
Ainsley, what about for you? How does the future look? And it's such a good
00:46:37.906 --> 00:46:42.186
question because, Robin, this is part of Rob and I's project at the moment is
00:46:42.186 --> 00:46:46.046
what personally does our future look like?
00:46:46.346 --> 00:46:50.646
And I mean, we sort of break it into decades. We've had a fairly long apprenticeship
00:46:50.646 --> 00:46:56.266
and we've been learning and then we've been doing and now we've got 10 years of,
00:46:56.586 --> 00:47:01.826
well, hopefully we'll be our wives with a great board behind us to drive us
00:47:01.826 --> 00:47:03.426
so we're fit and healthy.
00:47:03.586 --> 00:47:08.126
And I know that farm owners talk a lot about the freedom, a freedom business,
00:47:08.126 --> 00:47:12.566
and I feel like we're on the cusp of having that freedom.
00:47:12.926 --> 00:47:17.226
Well, I almost feel like we do have to a great degree have that freedom and
00:47:17.226 --> 00:47:18.646
there's always work to do around that.
00:47:18.746 --> 00:47:21.806
But I think the lesson for us at the moment is that
00:47:21.806 --> 00:47:24.606
you don't actually have to know where we're going to be living when
00:47:24.606 --> 00:47:28.286
we're 75 and although the kids often
00:47:28.286 --> 00:47:31.046
have a joke about that so do you like this house
00:47:31.046 --> 00:47:35.046
at the beach mom but I think that's part
00:47:35.046 --> 00:47:38.026
of the whole process is asking the question and it doesn't
00:47:38.026 --> 00:47:41.226
matter if you don't actually have the finite answer
00:47:41.226 --> 00:47:44.046
but it's the fact that you're open to asking the
00:47:44.046 --> 00:47:47.466
question to putting it on the agenda and and
00:47:47.466 --> 00:47:50.126
then the answer will evolve but if you've got your
00:47:50.126 --> 00:47:53.366
head buried in the sand and that you're not Rob's lived
00:47:53.366 --> 00:47:58.326
in this house his whole life that we're not actually moving out and moving on
00:47:58.326 --> 00:48:02.686
that would be dangerous the fact that we don't exactly know where we are is
00:48:02.686 --> 00:48:07.706
that kind of exciting but I think overarching and it kind of comes back to those
00:48:07.706 --> 00:48:12.066
values that the business has our future just aligns so you You know,
00:48:12.506 --> 00:48:17.586
it's John Lee too, that teamwork makes the dream work, the can-do attitude.
00:48:18.326 --> 00:48:20.786
The quality piece and the growth.
00:48:20.946 --> 00:48:25.106
And when we put growth into our values, it's not about necessarily,
00:48:25.106 --> 00:48:28.486
it can be in scale, but it's so much more.
00:48:28.646 --> 00:48:31.986
It's about the growth of us as human beings, about, you know,
00:48:32.046 --> 00:48:34.486
our mindsets and being better people.
00:48:34.646 --> 00:48:38.146
And I think those values really are a little bit,
00:48:38.466 --> 00:48:42.946
help us to get to that North Star and And what it physically looks like,
00:48:42.986 --> 00:48:49.666
we're actually not quite sure yet, but we know we're on the pathway and we know we've got the kids,
00:48:50.086 --> 00:48:54.346
like, you know, we've got those family, the business of family kind of sorted out.
00:48:54.546 --> 00:48:58.346
And I mean, there's always going to be challenges to that, but yeah, we're up for it.
00:48:58.626 --> 00:49:02.386
Perfect. What a great comment. Rob, you've talked about, or you've both talked
00:49:02.386 --> 00:49:09.686
about how your children are stakeholders and on the board, but practically I understand they're.
00:49:10.181 --> 00:49:13.921
Have always been and they are very actively involved in the day-to-day running
00:49:13.921 --> 00:49:17.761
of the business. Would you mind speaking to how it works practically?
00:49:18.141 --> 00:49:22.521
Yeah, they basically, people probably call it a bit slave-labeled,
00:49:22.521 --> 00:49:27.161
but when they're at home, when they're home from boarding school or on weekends,
00:49:27.621 --> 00:49:34.761
they are an integral part of our workforce and they'll jump in and do whatever that needs doing.
00:49:35.001 --> 00:49:37.961
And they've all got their points of genius so yeah
00:49:37.961 --> 00:49:41.081
we just channeled them into where they're where
00:49:41.081 --> 00:49:44.221
they're the best suited in the business and i
00:49:44.221 --> 00:49:50.201
think that work ethic that has come out of all of that is just i think that's
00:49:50.201 --> 00:49:54.921
also an integral part of them being part of a stakeholder too like they're putting
00:49:54.921 --> 00:50:00.821
the hours in outside in the paddy so that now that they get to have a say in
00:50:00.821 --> 00:50:02.101
the business just actually,
00:50:02.481 --> 00:50:04.801
yeah, it just sort of complements the whole thing.
00:50:04.941 --> 00:50:08.701
I know my father, one of the things I reflect on that I'm most grateful for
00:50:08.701 --> 00:50:13.041
is that he treated us like young adults well before we'd probably earned the right to.
00:50:13.441 --> 00:50:18.981
You know, driving headers age 11 and tractors and chaser bins age 9 and,
00:50:19.001 --> 00:50:22.401
you know, being out actually doing really important work.
00:50:22.401 --> 00:50:28.821
How important is it to teach our kids that work ethic piece at a young age, Rob, in your opinion?
00:50:28.821 --> 00:50:36.001
I think it's crucial because they come home from school and say that their friends,
00:50:36.061 --> 00:50:41.061
you know, they sit around all holidays and they get bored and they haven't got anything to do.
00:50:41.221 --> 00:50:46.461
And whereas ours, yeah, they just come home and they just get our planner out
00:50:46.461 --> 00:50:50.581
and they look at it and they go, righto, well, I can do this and I can do that.
00:50:50.581 --> 00:50:53.321
And then the other one's yep now I can do
00:50:53.321 --> 00:50:56.381
those jobs that need doing and yeah and look at
00:50:56.381 --> 00:50:59.381
the brick list and work out what they can take off
00:50:59.381 --> 00:51:02.861
that and get it done so no I think it's there
00:51:02.861 --> 00:51:08.001
it's it's just you don't want to drive them into the ground but they just love
00:51:08.001 --> 00:51:12.121
getting them doing it and Pincott can I just throw to you for a final comment
00:51:12.121 --> 00:51:17.481
mate you've known and got to know this incredible family and all six kids really
00:51:17.481 --> 00:51:19.161
intimately over the last five
00:51:19.161 --> 00:51:22.501
years what's your reflection as we sort of round out this conversation.
00:51:22.701 --> 00:51:26.821
I think it's just a great example of true leadership in a family environment.
00:51:27.061 --> 00:51:29.641
Leadership from the top with Robin Ainsley.
00:51:29.821 --> 00:51:32.801
And as I said, I'm really excited to see where the future heads,
00:51:33.041 --> 00:51:36.881
especially for that younger generation, having been exposed to what they have been so far.
00:51:37.061 --> 00:51:41.401
Great comment, Sam. And just reflecting back on our respective families and
00:51:41.401 --> 00:51:45.721
your girls, what have you learned from Robin Ainsley that you take a way to
00:51:45.721 --> 00:51:48.321
sort of take back into how you lead your family.
00:51:48.501 --> 00:51:51.961
Just that openness and that piece around involvement.
00:51:52.816 --> 00:51:55.896
Bring them in. They're never too young. We need to do more of that,
00:51:56.076 --> 00:51:58.876
but just that exposure is absolutely gold.
00:51:59.196 --> 00:52:02.636
Thanks, Sam. Great comments. One last question for each of you,
00:52:02.736 --> 00:52:05.556
if I could, what are you most proud of for the journey?
00:52:05.936 --> 00:52:10.976
You talked about the last five or seven years as you built this out,
00:52:11.216 --> 00:52:16.316
perhaps with our support, but 25 years of marriage and now fourth generation
00:52:16.316 --> 00:52:22.096
family, passing on an incredible legacy to the next generation.
00:52:22.416 --> 00:52:28.376
Rob, what are you most proud of? Just obviously the way that we've come together as a family.
00:52:28.756 --> 00:52:33.536
As I said before, the kids go camped after. They go all together because they're mates.
00:52:33.796 --> 00:52:38.356
And that's the thing that I'm most proud of, that, yeah, everyone is together
00:52:38.356 --> 00:52:41.896
because they want to be together, not because they're bound together.
00:52:41.896 --> 00:52:47.296
And I think that's, and just watching them grow and mature and become their
00:52:47.296 --> 00:52:52.036
own individual person, but also be part of a bigger team.
00:52:52.336 --> 00:52:56.336
Amazing, Rob. Thank you. Ainsley, what about you? I'm, Rob nailed it,
00:52:56.456 --> 00:53:05.036
but I'm most proud of that we have been able to, I'm so grateful for our ancestors,
00:53:05.236 --> 00:53:09.336
the people before us, like, and both of us have lost both our parents now.
00:53:09.516 --> 00:53:15.356
So we are the next generation. So I'm most proud that we are carrying on legacies
00:53:15.356 --> 00:53:22.536
from the generations before us and that we're growing the next generation and
00:53:22.536 --> 00:53:28.496
they not only can see what's come before them, but also that they're,
00:53:28.636 --> 00:53:31.736
and I'll use our focus on health and fitness as an example.
00:53:31.736 --> 00:53:36.416
I see those examples shining through in our kids now and I just,
00:53:36.656 --> 00:53:42.996
that somehow we have been able to pass on some of the good things that we have
00:53:42.996 --> 00:53:45.356
had and the kids are picking that up.
00:53:45.556 --> 00:53:52.076
There has been never any stipulation that you must. It's more that they can.
00:53:53.316 --> 00:53:56.596
It's that in you. It's that in you and it's that in all of them.
00:53:56.836 --> 00:54:01.896
They want to. And that, to me, is what I'm most proud of.
00:54:02.196 --> 00:54:06.016
Yeah, we haven't talked about the half marathons and the full marathons and
00:54:06.016 --> 00:54:11.876
the 100-kilometre walking challenges that you both constantly set your minds
00:54:11.876 --> 00:54:14.456
to, but there's no doubt that you just,
00:54:14.576 --> 00:54:18.476
the leadership role and the way in which you are inspiring your next generation
00:54:18.476 --> 00:54:22.196
through your actions are just, that's inspiring for us to see.
00:54:22.316 --> 00:54:26.416
So, well done on that. But hey to you both, thank you so much for your time
00:54:26.416 --> 00:54:30.696
and for your openness and for sharing the MacArthur family story.
00:54:30.696 --> 00:54:32.016
It's been great to connect.
00:54:32.156 --> 00:54:36.236
Really appreciate both your time. No worries. It's been a pleasure.
00:54:36.516 --> 00:54:39.416
It's been really nice. It's been a really nice reflection. Thanks.
00:54:39.416 --> 00:54:42.376
It's good to actually be asked to
00:54:42.376 --> 00:54:46.936
be interviewed on probably my favourite podcast. I'll pay you later, Rob.
00:54:48.234 --> 00:54:53.134
Hey, just know that this is going to be significantly inspiring for so many
00:54:53.134 --> 00:54:55.854
other farming families across Australia and beyond.
00:54:56.114 --> 00:55:00.494
Thanks to the three of you. Really appreciate your time and take care. Bye for now.
00:55:02.294 --> 00:55:07.634
And there you have it, folks. I think so often we come across families that
00:55:07.634 --> 00:55:09.414
they're not on the same page.
00:55:09.594 --> 00:55:14.434
There isn't a common plan or a vision that they're collectively shooting for.
00:55:14.774 --> 00:55:20.314
Plans are in people's heads and certainly often the older generation or hasn't
00:55:20.314 --> 00:55:25.134
involved the younger generation proactively, completely and early enough.
00:55:25.294 --> 00:55:30.494
For me, Rob and Ainsley and the MacArthur family are the other extreme of that.
00:55:30.774 --> 00:55:34.354
They've had their children in their planning meetings.
00:55:34.854 --> 00:55:38.914
Their benchmarking meetings, their financial meetings, and all of the business
00:55:38.914 --> 00:55:43.434
learning meetings that they've exposed themselves to for, I mean,
00:55:43.494 --> 00:55:46.274
Tess is 33, for 30 plus years.
00:55:46.274 --> 00:55:50.734
And it's such a great example of the benefit of doing that, that they've got
00:55:50.734 --> 00:55:54.274
a clear vision that their whole family is aligned to.
00:55:54.654 --> 00:55:59.014
Their children have been involved in setting down the core values and the standards
00:55:59.014 --> 00:56:02.274
that underpin how their family business operates.
00:56:02.574 --> 00:56:07.814
They've got a really clear roadmap and documented strategic plan that everyone
00:56:07.814 --> 00:56:10.214
feels like they've contributed to.
00:56:10.414 --> 00:56:14.134
And when the kids come home from boarding school, they look at the plan and
00:56:14.134 --> 00:56:20.134
get on with helping the family drive towards the business goals without even being asked.
00:56:20.374 --> 00:56:24.994
And Rob mentioned work ethic, the business skills, the confidence that each
00:56:24.994 --> 00:56:29.754
of their children have without entitlement to actually back themselves,
00:56:29.754 --> 00:56:34.614
to go after their own business journey and to help the MacArthur family create
00:56:34.614 --> 00:56:36.954
a legacy for future generations.
00:56:36.954 --> 00:56:39.294
It's all there. And so I think,
00:56:39.628 --> 00:56:45.428
I'm just so pleased to share this story and hopefully for some of you,
00:56:45.648 --> 00:56:51.048
it's encouragement to look at how we are communicating with our children and
00:56:51.048 --> 00:56:55.128
the degree to which we're bringing them into important conversations.
00:56:55.508 --> 00:57:00.848
But absolutely, Rob and Ainsley are an example of family leadership done well.
00:57:01.168 --> 00:57:06.328
Just check in on this and determine if now's a great time to bring the younger
00:57:06.328 --> 00:57:11.748
generation into important business conversations proactively and early.
00:57:11.988 --> 00:57:16.548
Rob and Ainsley, I hope this interview has done your story justice.
00:57:16.988 --> 00:57:20.728
You are such a great example of people who learn proactively.
00:57:21.208 --> 00:57:26.628
Contribute significantly, and you're just such a great example of actually applying
00:57:26.628 --> 00:57:32.248
the theories and the principles and the frameworks that we teach and the incredible
00:57:32.248 --> 00:57:36.948
outcome that can happen when you implement really strongly around what we learn.
00:57:37.148 --> 00:57:41.368
Thank you so much. I hope that's been helpful to all of you listening.
00:57:41.648 --> 00:57:44.128
Thank you, Sam, for being part of that interview. And thanks,
00:57:44.288 --> 00:57:47.968
Sam, for the support you've extended to Rob and Ainsley and their incredible
00:57:47.968 --> 00:57:52.228
children over the last five plus years. Take care, everyone. Bye for now.
00:57:52.880 --> 00:57:59.600
Music.
00:57:58.848 --> 00:58:03.648
Thanks for listening to another episode of the Profitable Farmer podcast by Farm Owners Academy.
00:58:03.788 --> 00:58:08.168
If you're new to this show be sure to follow us if you've been a long time listener
00:58:08.168 --> 00:58:12.968
let your friends know about us or come continue the conversation in the profitable
00:58:12.968 --> 00:58:17.168
farmer facebook group all the best as you grow your business and create your
00:58:17.168 --> 00:58:20.428
freedom farm until next time keep being incredible.