Succession Planning - Franchising.com

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.

RECENT HEADLINES

MSA Worldwide
MSA provides domestic and international franchise advisory services to franchisors and companies seeking to establish franchise and licensing systems.
Request Info
Learn More
Dogtopia
SPONSORED CONTENT
Dogtopia
SPONSORED CONTENT
Dogtopia
SPONSORED CONTENT
Succession planning requires practical steps to sustain and grow what you've built
  • Helen Bond
  • 2,653 Reads 48 Shares
Make sure all new employees are qualified for their jobs
  • Kendall Rawls
  • 1,914 Reads 6 Shares
Don't let the wrong hire create a family crisis for your business
  • Kendall Rawls
  • 2,128 Reads 6 Shares
Stepping into a parent's shoes can be both an honor and a daunting challenge
  • Kendall Rawls
  • 3,162 Reads 8 Shares
Succession planning holds the key to maintaining resilience, adaptability, and enduring value
  • Kendall Rawls
  • 3,378 Reads 10 Shares
Sibling partnerships require a proactive commitment to both personal growth and business success.
  • Kendall Rawls
  • 4,492 Reads 8 Shares
With effective communication, conflicts can become opportunities for growth.
  • Kendall Rawls
  • 5,744 Reads 10 Shares
To preserve his business and help his family, Gary Avants hired a family succession consultant.
  • M. Scott Morris
  • 4,011 Reads 5 Shares
How you can strike a balance between the mindset of preparing your business for sale and staying connected to your purpose.
  • Kendall Rawls
  • 4,301 Reads 16 Shares
Guarantee financial safety, wealth, freedom, and a lasting legacy for your family through estate planning and succession planning
  • Kendall Rawls
  • 5,368 Reads 18 Shares
Preparing a succession strategy can construct a strong base for your venture and lay the groundwork for long-term success.
  • Kendall Rawls
  • 4,782 Reads 4 Shares
MSA Worldwide
SPONSORED CONTENT
MSA Worldwide
SPONSORED CONTENT
MSA Worldwide
SPONSORED CONTENT
Looking to sell? Finding the right PE partner can help you to maximize your return
  • Carty Davis
  • 4,556 Reads 38 Shares
An advisor team can provide valuable insights and expertise to help you make informed decisions and set your business up for success in the future.
  • Kendall Rawls
  • 3,391 Reads 8 Shares
Succession planning is the secret sauce to building long-term sustainable businesses.
  • Kendall Rawls
  • 4,204 Reads 16 Shares
Establish a Successor Development Program to help you pick the right successor leader for your company.
  • Loyd Rawls
  • 4,756 Reads 2 Shares
It’s important to put together a plan for when and how you bring any of your children into the family business.
  • Loyd Rawls
  • 4,254 Reads 18 Shares
Considering the possible, probable, and potential issues impacting your business when the economy changes.
  • Kendall Rawls
  • 5,272 Reads 11 Shares
Chris Carpenter went looking for the perfect partner for his first franchise. He found his dad.
  • Chris Carpenter
  • 8,732 Reads 29 Shares
How multi-unit franchisees can take steps to create more control over the future of their business
  • Kendall Rawls
  • 6,701 Reads 8 Shares
Ongoing dialogue helps the next generation understand the complexities of the business, expectations as an employee, and the potential of becoming leaders.
  • Kendall Rawls
  • 3,501 Reads 4 Shares
Transitioning your business to the next generation will take plenty of planning, preparation, training, and time
  • Emma Pearson
  • 6,936 Reads 12 Shares
MassageLuXe
SPONSORED CONTENT
MassageLuXe
SPONSORED CONTENT
MassageLuXe
SPONSORED CONTENT
JJ Ramsey grew up working in the family’s Schlotzsky’s franchise business. Today he has 18 Schlotzsky’s of his own.
  • Kerry Pipes
  • 9,597 Reads 515 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
  • 5,273 Reads 11 Shares
The perfect strategic plan combines the elements of research, strategic thinking, and execution.
  • Jeff Faulkner
  • 7,049 Reads 7 Shares
Understanding the realities of keeping results and relationships balanced among business partners and family members.
  • Dan Schneider
  • 5,656 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
  • 5,929 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
  • 5,876 Reads 17 Shares
Change is a part of every presidential administration and should also be factored into succession planning.
  • Champ Rawls
  • 4,386 Reads 1 Shares
Avoiding 8 common mistakes owners make when selling their business.
  • Terry Monroe
  • 4,617 Reads 8 Shares
How to know when it’s time to sell the family business to someone else.
  • Terry Monroe
  • 7,038 Reads 27 Shares
Share This Page

Subscribe to our Newsletters