Whatever your strategy is for growth, internally or through acquisition, growth requires the ability to scale. Talent bench strength, leadership succession strategies, flexible and efficient processes, and a strategic plan are essential when developing a growth strategy. Successful business owners know succession planning is about building strategies for today to create choice and take advantage [...]
Jeff Bannon a Partner of The Rawls Group and Aicha Bascaro, President of American Franchise Academy discuss leadership – keys for developing people, attracting top talent, and creating opportunities within your franchise organization for growth. Many franchisees dream of going from owning one unit to becoming multi-unit business owners and building [...]
Franchising.com recently featured Kendall Rawls in "Tomorrow's Legacy Today: The Importance of Succession Planning” Helen Bond, the author, shared succession planning insights from multi-unit franchisees across the country spanning a variety of brands including: Paul M. Booth Jr., President of Cincinnati-based Concentric Brands, a McDonalds Franchisee: Terry Kurth, a Weed Man franchisee, Nick Marco, [...]
What better way to celebrate succession planning than to talk about growth in the business? You, as a business owner, are in a power position. With action, you can create control over your future. Growth, success, and succession are team sport. Welcome to the kick-off episode of The Rawls Group’s [...]
When times are going well, recruiting, and retaining talent is challenging. When times are going great amidst a pandemic, it has become downright almost impossible. Business owners are facing talent shortages like never. The competition is across industries, local and state borders. The transition to flexible and remote work environments are enticing workers to [...]
Expressed wants and needs of employees, family, strategic partners, and customers can feel like a constant push and pull environment as a business owner. Add in external influences such as the pandemic, the political climate, supply chain, and finding workers; our environment is constantly changing, which requires strong leadership with a strategic mindset. Strong [...]
Where are all the workers? The shortage of workers directly impacts our ability to keep the business open during regular business hours. The unfortunate reality is that this is not unique to one specific industry. Over the past year, we have talked to business owners in a diversity of industries; and the following three [...]
Succession planning has gotten misconstrued with estate and exit planning amongst business owners, resulting in the process being delayed or avoided until it is too late. Successful owners know succession planning is much more than estate and exit, it is also about building strategies for today's success so you can [...]
Whether directly or indirectly, family dynamics impact the business' ability to be successful, profitable, and, very importantly, scalable. Whether blood-related or not, how family influences business decisions is either an asset or a liability to your culture. Family comes in those blood-related to the owner, key leaders, and even extended family. Creating boundaries early [...]
Whatever your vision is for your business, it is dependent on your business abilities to succeed through transitions – which is fundamentally the definition of succession planning. COVID 19, Supply Chain Issues, Talent Shortages, Consolidation, and Acquisitions are all examples of Transitions. So essentially, any change to our norm; represents [...]
