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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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California Tortilla
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Preparing for a sale means aligning strategy, getting your financial house in order, and developing a plan for execution.
  • Carty Davis
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Successful Multi-Unit Franchisees Say The Leadership Mindset Can Be Easier When Leaders Cultivate Complementary Skill Sets.
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Why Multi-Unit Franchisees Sometimes Need To Step Back And Pause For Perspective When Leading And Growing Their Company.
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Succession planning tips and advice from those who've already done it.
  • Sara Wykes
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Exposing misconceptions about succession planning and the elements of estate and exit planning.
  • Kendall Rawls
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How Multi-Unit Franchisees Transition From Multi-Unit Managers To Multi-Unit Leaders.
  • Multi-Unit Franchisee
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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
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How Multi-Unit Franchisees Can Face Unexpected Economic Distress, Maintain Control, And Use Options For Financial Renewal And Restoration.
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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.
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A succession planning criteria that goes well beyond operational efficiency.
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You Need To Be Planning With 'The End' In Mind. You Have A Responsibility To The Organization To Prepare For Your Eventual Exit.
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Employee Stock Ownership Plans (ESOPs) Are An Advantageous Succession-Planning Tool That Can Provide Benefits Over Traditional Techniques.
  • Multi-Unit Franchisee
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Now is the time to plan for, protect, and and empower your business for growth.
  • Kendall Rawls
  • 3,110 Reads 43 Shares
Multi-Unit Franchisees Talk About How They Measure Growth and Where They See Their Business in 5 to 10 Years.
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Three Ways To Escape Succession Planning Limbo.
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Structuring Your Franchise Company So That You Are Ready To Sell Or Grow.
  • Kendall Rawls
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New franchisor? 18 tips to get your franchise growing.
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6 traits strong franchise brands have in common.
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Why It Is In Everyone's Best Interest To Develop A Plan For The Continuity Of Profitability At Your Franchise Organization.
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The end of the year is the time to get your mission, vision, and values identified and documented and get ready to move into the future.
  • Kendall Rawls
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Effective succession planning can bring value to your business in the beginning as well as at the end.
  • Kendall Rawls
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Many business owners continue steadfastly as the only key leader in their company, failing to develop employees and managers who have leadership potential.
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With the first quarter done, it's time to review your recruitment results
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Combining Your Dream with a Plan That That Will Help your Business Now and Going Forward.
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It's in the best interest of multi-unit franchisees and franchisors to work together to resolve any differences that emerge. Be a part of a session that addresses both sides of this issue at the Multi-Unit Franchising Conference in April.
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Why it's important to consider current trends and map out what your own future will look like, for the sake of your organization and your people.
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Start the New Year off by ensuring that you focus on all areas of the business including your leadership style and the example you are setting with your people.
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Relationships With Franchisors, Customers, And The Community Are One Of The Most Important Aspects Of Success And Critical To Driving Long-Term Value.
  • Kendall Rawls
  • 5,273 Reads 10 Shares
Change is inevitable and there are always unknowns and the unpredictable to navigate. This should not be a hindrance to developing and executing a strategic plan for your business.
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