Franchise Succession Planning Puts You in Control
The face paced and complex world of multi-unit franchising by nature is risky. You have to managing the diversity of franchiser 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.
Resources
What Is Happening with 1031 Exchanges For Real Estate?
Currently, as of August 2021, a 1031 exchange allows a taxpayer to avoid paying capital gains taxes when selling an investment property by reinvesting the proceeds from the sale, within specific parameters, into another property(s). Up until now, this part of the tax code has been helpful to those selling [...]
How Can I Protect My Business From the Unknown?
There are a variety of elements to help protect your business from the unknown. The first and probably most important lies in your people. Ensuring you have the right key leaders and managers who can step in and up in times of crisis is critical. It is important to know [...]
Don’t Let An Old Plan Rotten Your Future
We Often Hear “I Have A Plan." At 24 I Had a Plan, probably like many of you in your 20’s. If you are 24 and reading this you may not get the “joke” but if you are at least a year older than 24, say 26, you get it. [...]
What Assets You Should Gift and To Whom?
Making gifts and considering changes in tax law is one piece of the succession planning puzzle. When working with business owners, we often find that they have had some of the best tax planning money can afford. However, when designing the plan, they let the “Tax Tail Wag the Dog” [...]
Is Your Business Held Back By Outdated Strategies?
Feelings, perspectives, attitudes, and goals change at a drop of a dime. What were your priorities and strategies 18-20 months ago before the Covid chaos started. Could you have envisioned where you and your business would be today? Perhaps there are things you recognize you were not prepared for or something you would want [...]
How to Gift or Sell an Asset AND Stay in Control
In our experience, business owners like to stay in control, in control of their business, real estate, and future. So, when we talk about giving something away, we generally get pushback from our clients. Ultimately, the goal from a tax perspective; is to keep as much of the wealth and [...]
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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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Contact Us
Contact Us
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.
