People are looking for four main characteristics when selecting an employer: Inspiration, Education, Autonomy, and Feedback. In our tight labor market, culture and opportunity for growth are often the deciding factors between someone choosing your company to work versus another. Successful business strategies depend on people.
In this episode, Michael Einbinder, with Einbinder and Dunn and The Rawls Group’s succession planner, Jeff Bannon, discusses how to nurture a culture that provides what people want to build the team necessary to fulfill business goals.
For more insight:
Visit the Multi-Unit Franchising: Succeeding Despite Economic Uncertainties discussion page or select one of the additional episodes of the series below:
- Strategies for Multi-Unit Franchisees to Succeed Despite Economic Uncertainties
- Determining Your Best Multi-Unit Franchising Strategy
- Protect & Grow Your Multi-Unit Franchisee Business Investment
- Incentives to Attract & Retain People For Multi-Unit Franchising Growth
Resources
- Einbinder & Dunn: Einbinder & Dunn’s founding partners have been practicing law for over 30 years in franchising, litigation, real estate, business, fashion, and trusts and estates.
- Succession Readiness Survey: A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook, impacting business value, growth, and lifestyle, and ultimately achieving your vision.
- Contact a Succession Planner: The Rawls Group can help you with insights and other resources and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business immediately.
The Succession Planning Matrix
The Succession Planning Matrix
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
