Multi-Unit Franchise Succession Planning

Four Strategies for Successful Sibling Partnerships

2022-11-14T15:34:45-06:00By |Energy, Succession Blog|

What do the Olsen twins, the Williams sisters, the Warner brothers, and the Wright brothers all have in common?  They are all siblings able to succeed in creating a business together.  Fundamentally, the success of any partnership, let alone a family business partnership, is ongoing work towards maintaining harmony inside the business relationship by [...]

How to Protect and Grow Your Business During Economic Uncertainty

2022-11-10T14:01:55-06:00By |Multi-Unit Franchising, Succession Blog|

The pandemic impacted us all, causing some to reap the benefits and others to be shut down. And our fickle economy is causing many multi-unit franchisees to wonder what the best strategy is to thrive through next year. As the world evolves and changes, basic principles, such as processes, procedures, marketing, talent, attractive culture, [...]

Transfer Daily Management & Remain in Control

2022-10-11T11:16:57-05:00By |Family Business Balance, Multi-Unit Franchising, Video|

Successful family businesses have the power to provide for many lifestyles. Owner(s) and their families, key leaders and their families, employees, and the community it serves. Many owners have the vision to transfer out of daily operations and want the business to remain under family ownership. There are many strategies [...]

How to Adjust Business Strategies to Prepare for Recession

2022-11-14T15:43:22-06:00By |Multi-Unit Franchising, Succession Blog|

As succession planners, we are frequently asked by multi-unit franchisees how to prepare for change and transition. On top of the mind of many multi-unit franchisees is an impending recession and talent shortages which requires adjustments to their growth strategies. Preparing your business for future change depends on whether you are in a mental, [...]

Strategies for Multi-Unit Franchisees to Succeed Despite Economic Uncertainties

2022-10-11T10:49:04-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

Even though Wall Street predicts 2022 and 2023 will have 10% growth in earnings and isn't currently anticipating any slowdown, many multi-unit franchisees have expressed concern over economic uncertainties. Talks of inflation, change in tax law, ongoing supply chain issues, and labor shortages have multi-unit franchisees wondering how or if [...]

Create More Control Over Your Future

2022-09-23T06:14:30-05:00By |Multi-Unit Franchising, Succession Blog|

No one can predict the future, but as a business owner, you can manage uncertainties by strategically thinking through the possible, probable, and potential issues impacting your long-term goals. This is where succession planning comes in. A succession plan provides a roadmap outlining growth strategies, contingency plans, governance guidelines, leadership transitions, and strategic plans. [...]

Leadership VS Management

2022-09-22T11:42:32-05:00By |Multi-Unit Franchising, Succession Blog|

How often have you seen ineffective leaders in senior-level positions? Likewise, how often have we seen a manager that demonstrates exemplary leadership skills? A question many of us probably don't ask ourselves enough is: what is the difference between management and leadership? Without careful consideration, many of us would probably question if there were [...]

Determining Your Best Multi-Unit Franchising Strategy

2022-09-22T13:25:29-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

We are in some interesting economic times, making it difficult to predict the future. As a result, many multi-unit franchisees wonder if it is time to hit the gas or break. We have talked to multi-unit franchisee owners who have the cash and are interested in investing in the future. [...]

Protect & Grow Your Multi-Unit Franchisee Business Investment

2022-09-22T13:21:05-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

Most entrepreneurs and multi-unit franchisees' long-term vision involves owning a business to build wealth, support a lifestyle and live off the cash after a one-day sale. However, successful owners know this dream can become a reality with the right business succession strategies, starting with the end in mind way before [...]

Make Change an Asset

2022-10-05T13:26:06-05:00By |Multi-Unit Franchising, Succession Blog|

We fantasize about the day we start our own business or make our first million. Maintaining success is the ultimate objective that many entrepreneurs fail to consider. But achieving success is only half the battle; sustaining success is the challenge because the only constant is change. We are dealing with continual flux now more [...]

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What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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