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
Franchise Success: Understanding Your Goals and Planning for the Future
Multi-unit franchising is a popular business model that allows entrepreneurs to start a business with an established brand, products, and services. While franchising can offer many benefits, such as lower startup costs and support from the franchisor, success is not guaranteed. In fact, according to the International Franchise Association, about [...]
Understanding the Difference Between Estate Planning and Succession Planning
Success in the world of business requires not only careful planning for the present but also for the future. To this end, it is essential to engage in both estate planning and succession planning. In a recent video conversation, Jeff Bannon, a Succession Planner at The Rawls Group, and Aicha [...]
How Multi-Unit Franchisees Can Build a Sustainable Future
The multi-unit franchising sector has been on an upward trend in recent years, and it is easy to understand why. Entrepreneurs see the potential for success in owning and running multiple franchises, with this business structure establishing itself as an attractive option in the business landscape. Multi-unit franchising offers a unique set of opportunities [...]
Franchise Growth: Overcoming Challenges and Implementing Winning Strategies
Franchising is a popular business model that offers entrepreneurs the opportunity to own and operate their own business under an established brand name. While it can be a lucrative and rewarding experience, franchising comes with its own set of unique challenges that must be addressed to achieve sustainable growth. In [...]
Family Business: Avoiding the Kicked Hornets Nest
A hornets’ nest or even a beehive from afar appears to buzz with activity. It’s quite interesting to watch nature in action, which ironically is very similar to families and working in a family business. There are roles each individual plays and a set of standard operating procedures that allow [...]
Achieving Success in Uncertain Times: Multi-Unit Franchisees and Tax Exemptions
Multi-Unit Franchisees Face Unique Economic Challenges Multi-unit franchisees need to stay agile in the ever-changing market in order to capitalize on growth opportunities. Even in uncertain times, there are still prospects for growth. For instance, a downturn in acquisitions could lead to more attractive prices, and an influx of employment chances could attract new [...]
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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.
