Labor shortages are impacting businesses of all industries. Finding the right person to fill an open seat in the organization has been a long-time struggle for business owners. Add on the impact of COVID; employers have to step up their recruiting game to retain and attract the best and the brightest.
Growth and sustainability depend upon three key factors: people, processes, and financial capital. You may have the cash and processes to scale, but without people, your business strategy lacks the fuel to get you where you want to go.
In this episode, Michael Einbinder, with Einbinder and Dunn and The Rawls Group’s succession planner Jeff Bannon discusses strategies successful multi-unit franchisees have used to retain and attract top talent.
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
- Building a Culture People Want
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.
