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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January 17th, 2020
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Preparing for a sale means aligning strategy, getting your financial house in order, and developing a plan for execution.
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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.
- Walter Popiel and Matthew Mason
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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.
- Kendall Rawls
- 1,660 Reads 24 Shares
A succession planning criteria that goes well beyond operational efficiency.
- David Weaver
- 1,978 Reads 23 Shares
You Need To Be Planning With 'The End' In Mind. You Have A Responsibility To The Organization To Prepare For Your Eventual Exit.
- David Weaver
- 1,855 Reads 39 Shares
Employee Stock Ownership Plans (ESOPs) Are An Advantageous Succession-Planning Tool That Can Provide Benefits Over Traditional Techniques.
- Multi-Unit Franchisee
- 1,864 Reads 25 Shares
Now is the time to plan for, protect, and and empower your business for growth.
- Kendall Rawls
- 3,103 Reads 43 Shares
Multi-Unit Franchisees Talk About How They Measure Growth and Where They See Their Business in 5 to 10 Years.
- Multi-Unit Franchisee
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Three Ways To Escape Succession Planning Limbo.
- Jeff Bannon, The Rawls Group
- 3,509 Reads 56 Shares
Structuring Your Franchise Company So That You Are Ready To Sell Or Grow.
- Kendall Rawls
- 2,525 Reads 28 Shares
New franchisor? 18 tips to get your franchise growing.
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6 traits strong franchise brands have in common.
- Eddy Goldberg
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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.
- Jeff Bannon
- 2,054 Reads 30 Shares
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
- 1,975 Reads 13 Shares
Effective succession planning can bring value to your business in the beginning as well as at the end.
- Kendall Rawls
- 3,253 Reads 33 Shares
Many business owners continue steadfastly as the only key leader in their company, failing to develop employees and managers who have leadership potential.
- Kendall Rawls
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With the first quarter done, it's time to review your recruitment results
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- 8,936 Reads 5 Shares
Combining Your Dream with a Plan That That Will Help your Business Now and Going Forward.
- Jeff Bannon
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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.
- Kerry Pipes
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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.
- Kendall Rawls
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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
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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.
- Kendall Rawls
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