Without a succession plan, multi-unit franchisee owners are giving up their control over to the fate of the environment. Every business owner should at least think through succession strategies. Listen to Jeff Bannon’s insight which provides some next steps to get started and key issues to think through.
There is 100% certainty an owner will face a succession dilemma and the only way to ensure you are in control is to develop a plan.
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 and 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.
