Franchise Succession Planning Puts You in Control
The face paced and complex world of multi-unit franchising by nature is risky. You have to manage the diversity of franchisor expectations, rely on the strength of the brand and remain competitive in an environment where customers experience is critical to your success. Growing strategically and fulfilling the needs and wants of family/employees are also a few of the many issues franchisees juggle to develop a sustainable business. This is why an experienced franchise succession planning team is vital to your business transition.
As experts in the complex, we advise multi-unit franchisee owners on the 10 interdependent Succession Matrix® perspectives, to position your business for growth, to sell to a third party, or transition to the next generation. We leverage our more than 40 years working with franchise owners to provide clarity and a strong path forward.
Whether you are looking to grow your business and/or looking towards business transition, our meticulous attention to the probable, possible, potential details allow you to prepare and avoid any looming franchise succession planning issues impacting your goals.
What happens when you decide to take the next step towards the future you imagine…now? Business ownership by nature is risky; succession planning however creates strategies and structure to put you in control.
Inside Multi-Unit Franchising Succession Planning
It is Possible to Be Equitable
Strategies Evolve as Business & Family Evolves
Resources
Strategies for Multi-Unit Franchisees to Succeed Despite Economic Uncertainties
Even though Wall Street predicts 2022 and 2023 will have 10% growth in earnings and isn't currently anticipating any slowdown, many multi-unit franchisees have expressed concern over economic uncertainties. Talks of inflation, change in tax law, ongoing supply chain issues, and labor shortages have multi-unit franchisees wondering how or if [...]
Create More Control Over Your Future
No one can predict the future, but as a business owner, you can manage uncertainties by strategically thinking through the possible, probable, and potential issues impacting your long-term goals. This is where succession planning comes in. A succession plan provides a roadmap outlining growth strategies, contingency plans, governance guidelines, leadership transitions, and strategic plans. [...]
Leadership VS Management
How often have you seen ineffective leaders in senior-level positions? Likewise, how often have we seen a manager that demonstrates exemplary leadership skills? A question many of us probably don't ask ourselves enough is: what is the difference between management and leadership? Without careful consideration, many of us would probably question if there were [...]
Determining Your Best Multi-Unit Franchising Strategy
We are in some interesting economic times, making it difficult to predict the future. As a result, many multi-unit franchisees wonder if it is time to hit the gas or break. We have talked to multi-unit franchisee owners who have the cash and are interested in investing in the future. [...]
Protect & Grow Your Multi-Unit Franchisee Business Investment
Most entrepreneurs and multi-unit franchisees' long-term vision involves owning a business to build wealth, support a lifestyle and live off the cash after a one-day sale. However, successful owners know this dream can become a reality with the right business succession strategies, starting with the end in mind way before [...]
Make Change an Asset
We fantasize about the day we start our own business or make our first million. Maintaining success is the ultimate objective that many entrepreneurs fail to consider. But achieving success is only half the battle; sustaining success is the challenge because the only constant is change. We are dealing with continual flux now more [...]
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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.
