As Seen in Multi-Unit Franchisee Report – Building Value In Your Business While Also Planning For The Unexpected
There always seems to be confusion around defining business strategy when it comes to the term succession planning.
Unfortunately, multi-unit franchise owners are not alone in being critics thinking succession planning is not something needed until retirement draws closer. Often what creates this muddied misconception are emotions which tend to lead owners to think what is not accurate. The emotions are to be validated and not ignored, but you should know the dirty truth which is succession planning is focused on allowing you to maintain more control, fulfill your long-term business and personal wealth, and build business value.