As Seen in Multi-Unit Franchisee Report – Determining Value Is More Important Than Operational Efficiency
Succession planning covers a broad range of subjects which may be broadly categorized by legal, financial, and people.
Each of these many facets of succession are intimately woven together, interdependent upon each other’s outcome.
Each of these can be broken down into 10 interdependent subsets. Based on your unique business scenario and your perspective and motivation, they can then be broken down even further into more finite categories. Each of these many facets of succession are intimately woven together, interdependent upon each other’s outcome.
As a group, we refer to them as the Succession Matrix:
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The Succession Matrix®
The process of succession planning addresses all issues impacting the continuation of a business through the next generation. Of course, “all issues” includes value drivers which are part of the fundamental components of The Succession Matrix®.