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Succession Planning

Are you prepared for the next stage in the evolution of your franchise business? Exit strategies and retirement planning can include building a legacy organization to pass on to your children; taking on a partner and phasing out of the business; selling to the highest bidder and walking away; or selling to managers or a buyer most likely to retain the culture and team you’ve so painstakingly built over the years.

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American Freight
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American Freight
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American Freight
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JJ Ramsey grew up working in the family’s Schlotzsky’s franchise business. Today he has 18 Schlotzsky’s of his own.
  • Kerry Pipes
  • 4,181 Reads 503 Shares
Now is the time to decide if dealing with the family “petty crap” is worth pursuing a succession plan for your business.
  • Loyd Rawls
  • 2,454 Reads 10 Shares
The perfect strategic plan combines the elements of research, strategic thinking, and execution.
  • Jeff Faulkner
  • 3,672 Reads 7 Shares
Understanding the realities of keeping results and relationships balanced among business partners and family members.
  • Dan Schneider
  • 3,445 Reads 13 Shares
Don’t leave your business up to fate, take control and put strategies in place to ensure the future you envision.
  • Jeff Bannon
  • 3,114 Reads 21 Shares
The importance of succession planning for the family business; preparing to keep it in the family or sell to the right buyer.
  • Jean Venant
  • 3,535 Reads 17 Shares
Change is a part of every presidential administration and should also be factored into succession planning.
  • Champ Rawls
  • 1,844 Reads 1 Shares
Avoiding 8 common mistakes owners make when selling their business.
  • Terry Monroe
  • 2,308 Reads 8 Shares
How to know when it’s time to sell the family business to someone else.
  • Terry Monroe
  • 3,886 Reads 25 Shares
Developing policies and procedures for working together keeps family harmony in the workplace and at family gatherings outside work.
  • Kendall Rawls
  • 3,593 Reads 34 Shares
The third generation of this family auto repair business prepares to take the reins
  • Kerry Pipes
  • 3,939 Reads 12 Shares
Hungry Howie's Pizza
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Hungry Howie's Pizza
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Hungry Howie's Pizza
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Looking At What's Involved In Making A Private Equity Partnership Successful.
  • Jeff Bannon
  • 2,942 Reads 12 Shares
Will you be prepared for the questions and concerns about the future and how it will affect your business?
  • Kendall Rawls
  • 4,125 Reads 22 Shares
There Is A Positive Side To A Pandemic That Can Offer Lessons In How To Plan, Prepare, And Progress Into The Future.
  • Kendall Rawls
  • 2,639 Reads 21 Shares
You need a minimum of 5 years to prepare a successor to take over the business.
  • Kendall Rawls
  • 2,340 Reads 20 Shares
When hiring your children into the family business, beware of how it might adversely affecting your partners
  • Jeff Bannon
  • 1,328 Reads 1 Shares
Creating A Lasting Business Structure With The Flexibility To Evolve Requires A Discussion Of "What Ifs" Specific To Your Business.
  • Jeff Bannon
  • 2,958 Reads 4 Shares
The 5 Key Areas Of The Business Structure Checklist That Are Essential For Multi-Unit Operators.
  • Dan Iosue
  • 3,285 Reads 21 Shares
When Tony Lutfi decided to pass his more than 200 units to his sons and nephew, it was more complicated than he expected.
  • Eddy Goldberg
  • 5,415 Reads 47 Shares
The Beginning Of The New Year Is A Great Time To Take A Step Back And Look At How You Can Protect Your Family And Your Business With Succession Planning.
  • Kendall Rawls
  • 3,770 Reads 9 Shares
Succession Planning Requires Synergy With The Management Team, Resources For Growth, And Confidence In Successors.
  • Kendall Rawls
  • 5,243 Reads 70 Shares
Red Roof Inn
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Red Roof Inn
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Red Roof Inn
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Successful Multi-Unit Franchisees Say The Leadership Mindset Can Be Easier When Leaders Cultivate Complementary Skill Sets.
  • Multi-Unit Franchisee
  • 2,615 Reads 3 Shares
Why Multi-Unit Franchisees Sometimes Need To Step Back And Pause For Perspective When Leading And Growing Their Company.
  • Multi-Unit Franchisee
  • 2,544 Reads 3 Shares
Succession planning tips and advice from those who've already done it.
  • Sara Wykes
  • 4,572 Reads 39 Shares
Exposing misconceptions about succession planning and the elements of estate and exit planning.
  • Kendall Rawls
  • 4,136 Reads 32 Shares
How Multi-Unit Franchisees Transition From Multi-Unit Managers To Multi-Unit Leaders.
  • Multi-Unit Franchisee
  • 3,666 Reads 49 Shares
There's Much More To Succession Planning Than Simply Addressing Your Estate And Exit Plans. There Are Numerous Other Issues That Impact The Current And Future Success Of Your Business.
  • Kendall Rawls
  • 3,536 Reads 12 Shares
How Multi-Unit Franchisees Can Face Unexpected Economic Distress, Maintain Control, And Use Options For Financial Renewal And Restoration.
  • Walter Popiel and Matthew Mason
  • 3,782 Reads 53 Shares
No One Wants To Consider What The End Looks Like. But It’s Important For Your People And Your Business To Ensure You Have The Proper Protections In Place.
  • Kendall Rawls
  • 2,895 Reads 28 Shares
A succession planning criteria that goes well beyond operational efficiency.
  • David Weaver
  • 3,336 Reads 23 Shares
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