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.
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 issue 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
Tips For Combining Family, Business, And The Holidays
It is extraordinary for any family to have perfect interactions all the time, and if they say they do they aren’t being honest with themselves. Sibling rivalry, mood swings, personality differences and differing expectations are only a few influences making family communication fun. And the holidays, even though with cheer in the air, are [...]
Video: The Perfect Storm for Estate Planning Before Year End
2020 feels a lot like a Perfect Storm. A pandemic, political and social unrest, and economic turmoil. Depending upon when you watch this, you may be fretting about how the election will affect your asset portfolio and estate planning. David Weaver shares different estate planning opportunities to consider before year-end as well as a [...]
Family, It’s Complicated: Partners, Children, and the Bottom Line
“You Are like Family” is a phrase many often say to friends. Over time and connectivity, the emotional ties with neighbors, teammates and colleagues grow to feel like family. Bring this dynamic to your business, and the size and complexity of your family begins to grow exponentially. As a result, family dynamics can become [...]
Opportunities To Act On Before 2021
The Perfect Storm. You’ve probably seen the movie and this year, we all probably sense that we are making history from within a Perfect Storm of a pandemic, political and social unrest, and economic turmoil. I’ve read several articles recently that have borrowed that title to describe a different scenario - factors that have [...]
Strategic Planning is the compass for your business
Growth can look different for each multi-unit franchisee operator depending on why you are in business and your appetite for risk. And, strategic planning process is a key way to determine the growth that’s best for your portfolio. In general, we find multi-unit franchisees do a solid job in planning as they launch their [...]
Examining How A Private Equity Partnership Can Help Your Business Grow
If you are a risk-taking multi-unit franchise owner and looking to grow your business quicker, you may be considering private equity. Before you jump in , consider the following questions for "How do you get IN, and HOW do you get OUT? From the “How You Get In” consider the following questions: What are [...]
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The Succession 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
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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.
