Something bigger than a career

A few years ago in the context of showbiz careers I mused as follows: -

Isn't a successful career just one where you do what you love until you don't have to do it any more?

As I get ready to leave the farm I how this thought might apply to owner-operator agriculture.  Farmers' bodies wear out quicker than most and yet as in Australia 50% will die within five years of retirement, quitting doesn't seem to be much of an option.  If you stay you wear out.  If you leave you die anyway.

'Secession planning' is a growing industry in the bush as smart farmers look to 'step back' and hand the business over to the next generation whilst still retaining some small role for themselves instead of selling the business outright before heading to the coast to die.  Done properly this is a way to extend the enterprise past 40-50 years but done badly it turns into a defensive exercise in personal survival that mortgages the prospects of the next generation.

The critical issue is in the word 'career'.  Your career terminates when you do.  Whereas a successful business is a bigger thing that can (should) outlast you.  Headcount: 1 enterprises are careers that die with us; they can no more be handed on to the next generation than an actor can bequeath her role in a sitcom to her daughter.

The difference is in the asset mix.  Farms must be 'asset-heavy' to flourish whereas any career based on personal talent can function 'asset-light'.  Successful consultants, actors, writers and the like take the fruits of their labours and buy real estate whereas ambitious farmers buy more land, stock and equipment.

This is probably obvious to anyone except a farmer's son who chose to use his brains to make his way in the world rather than stay at home and build a life based on his brains, physical effort and the farm where he grew up.