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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
A successful family business can provide opportunities to all who are associated with the owners or viewed as family. History has proven, the odds of family business success through multiple generations dwindles with every ownership transition. However; where many family businesses have failed, there have also been many family businesses [...]
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 [...]
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 [...]
Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out, and a father of six kids, with some working in the business and some not, Roland began thinking about the future and opportunities he [...]
Dealership profits continue to soar, and dealership valuations are at record-high levels. This is creating a surge of activity in automotive retail buy-sell. All this activity is creating wonder around buying or selling, prompting many dealers to revisit their succession plans. Champ Rawls, a Succession Planner with The Rawls Group, and Alan Haig, President [...]
