Succession Planning – Create Options & Avoid Catastrophe

2021-08-17T14:36:43-05:00By |Multi-Unit Franchising, Succession Blog|

It’s been nearly two years of navigating uncertainties brought on by COVID-19. Wouldn’t it be nice to change the narrative and focus on “THE KNOWN” and what we can control? The first KNOWN is our current tax laws, and that they will be changing. In the recent series: “What’s Up with President Biden’s Tax [...]

Is Your Business Held Back By Outdated Strategies?

2021-08-11T12:09:46-05:00By |Multi-Unit Franchising, Succession Blog|

Feelings, perspectives, attitudes, and goals change at a drop of a dime. What were your priorities and strategies 18-20 months ago before the Covid chaos started.  Could you have envisioned where you and your business would be today?  Perhaps there are things you recognize you were not prepared for or something you would want [...]

How Much Should You Pay Your Family as Employees?

2021-07-02T10:20:19-05:00By |Multi-Unit Franchising, Succession Blog|

When your family are employees, understanding how much to pay them is complex.  There are no secrets within a business. Believe it or not, your employees will find out if a family member is being overpaid and resent them (and you). Family in the business have formidable challenges just doing their job and earning [...]

Motivating Family Members To Want To Join The Business

2021-07-02T10:20:56-05:00By |Multi-Unit Franchising, Succession Blog|

Behaviors and attitudes extend beyond the business.  How you treat people correlates to their positive or negative involvement with you, your business, and your brand. Following are simple questions to identify the impressions you are creating: Have you created a culture where everyone is encouraged, respected, and provided growth opportunities? Do family dynamics enter [...]

CFO’s are Critical to Succession Planning

2021-07-02T10:21:31-05:00By |Multi-Unit Franchising, Succession Blog|

CFO's have a vested interest in succession and the continuity of business success – after all, it impacts their own success. They understand the future goals and vision of the current owners and understand that others in the multi-unit franchisee organization also have a vested interest in the continued success of the business through [...]

How Can Franchisees and Dealers Retain or Increase Their Sales?

2021-05-17T16:13:31-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Unknowns and uncertainty can have a direct negative impact on culture. Emotions stir internally, therefore a store manager has to reset the thermostat to a “we will thrive” setting. How you react matters when coming out of a pandemic, crisis, or any other situation in which your employees may be [...]

How Can I Protect Our Multiples & Value During Difficult Times?

2021-05-10T10:05:13-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Protecting the value of your business is what succession planning is all about. When going through, as well as, once on the other side of difficult times, take another look at your business with a fresh set of eyes.  Consider looking at your business from a buyer's perspective.  It is [...]

How Do I Safeguard Business Continuity if I, as the Operator or Key Leader, Gets Sick?

2021-05-24T08:31:33-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

It should not take a pandemic to showcase the importance of planning. Prior to the pandemic, many business owners had not considered the creation of a contingency plan, however, it is top of mind for many now. One way to ensure you have protected the operational and financial continuity of [...]

What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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