Sharing Business Success With The Next Generation

2022-06-21T14:19:40-05:00By |Multi-Unit Franchising, Succession Blog|

Owning a business in this highly competitive market is complex. Add in the relational dynamics of partnering with a sibling, parent, cousin, spouse, child, or friend, and the complexities multiply. Studies show 70 percent of businesses with family involved fail or are sold in the second generation, and just 10 percent of companies survive [...]

Discussing Complex Family Business Issues, the Right Way

2022-06-14T06:11:50-05:00By |Multi-Unit Franchising, Succession Blog|

Summer months often mean vacations with family.  Family may be business partners, employees, or those who influence business decisions as a life partner, husband, or wife.  The difference between a productive dialogue and a blowout conflict often boils down to choice and awareness on both sides.  Timing, environment, preparation, and other dynamics influence an [...]

Knowing Your Why Will Help You Succeed

2022-05-26T10:02:51-05:00By |Multi-Unit Franchising, Succession Blog|

Growth in revenues, depth of bench strength, knowledge, expertise, locations, brands, and profits are all signs of life. If the organization is not growing in some way, competition will better you.  As a leader, it is essential to understand succession strategies as it pertains to growth so you can reach your desired objective. Owners [...]

Respect and Opportunity: Critical to Attracting & Retaining Talent

2022-05-26T10:01:34-05:00By |Multi-Unit Franchising, Succession Blog|

According to a new survey from Pew Research Center 63% of workers quit their job due to no opportunities for advancement, and 57% felt disrespected at work. People know how valuable they are to organizations, and if they don't feel respected and inspired, they will go somewhere else that can give them what they want.  [...]

Turn Your Organization into A Talent Magnet

2022-04-20T10:34:16-05:00By |Multi-Unit Franchising, Succession Blog|

Qualified, loyal, and motivated employees are hard to find, and once you do find them, you want to keep them around.  Therefore, having a pulse on the organization's culture is key to employee retention.  So often, there is a disconnect between leadership and the needs of the people. John Dijulius of The Dijulius Group shared [...]

Golden Handshake: Retaining Key People as Your Business Evolves

2022-04-20T10:24:13-05:00By |Advisor Collaboration, Multi-Unit Franchising, Succession Blog|

Multi-unit franchise owners continue to experience growth. As we have discussed in previous articles, one of the keys to developing sustainable growth is DUPLICATION of successful strategies. Another key to growth is the ability to scale effectively which boils down to process, procedures, and PEOPLE.  People are one of the most valuable assets to [...]

It is Possible to Be Equitable

2022-04-08T13:58:58-05:00By |Multi-Unit Franchising, Success Stories, Succession Blog, Succession Palooza - Celebrating Succession, Video|

Thirty-five years ago, Roland Spongberg started a restaurant company with one El Pollo Loco in Long Beach, CA. Today, WKS Restaurant Company employs 12,000 employees across 375 restaurants in 19 states operating Denny’s, El Pollo Loco, Krispy Kreme, and Wendy’s. From a pure family perspective, with six children, Roland initially [...]

Growth Strategies: Creating the Right Mix

2022-04-20T10:35:29-05:00By |Advisor Collaboration, Multi-Unit Franchising, Succession Blog|

Infrastructure is essential to support multi-unit franchising growth.  Processes, procedures, marketing, talent, attractive culture, capital, and a keen eye for the legal technicalities are only a few of the diversity nuances that must be in sync for success. We recently asked Michael Einbinder, an attorney with Einbinder & Dunn LLP for growth insights from [...]

Duplication: Key to Creating Your Growth Playbook

2022-04-20T08:37:29-05:00By |Advisor Collaboration, Multi-Unit Franchising, Succession Blog|

Successful business leaders know how succession planning develops strategies to fulfill their long-term business vision, which includes business growth. Scaling your business from 5 to 10 units to 100 plus is a transitional process, which requires strong leadership, inspiring culture, talent, and vision. Profitable growth depends upon talent and teamwork as well as rock-solid [...]

People: Essential to Your Growth Infrastructure

2022-04-20T08:39:09-05:00By |Advisor Collaboration, Multi-Unit Franchising, Succession Blog|

Entrepreneurs are inherently drawn to franchising. Diversity of brands, the backing of known names in the marketplace like Wendy’s, Subway, and ACE, and support systems provided by the Franchisors. However, if you want to grow from a nice job of owning 1 or 2 units to building a business and owning 100+ it takes [...]


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