Succession Planning - Franchising.com
Share Your Experience60-Second Anonymous Survey

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

AlphaGraphics National Programs
For over 50 years, AlphaGraphics has partnered with businesses like yours. Our National Accounts Program leverages our network of 230+ locations across the US. We help balance brand consistency with local customization, driving operational excellence...
Request Info
Woof Gang Bakery
SPONSORED CONTENT
Woof Gang Bakery
SPONSORED CONTENT
Woof Gang Bakery
SPONSORED CONTENT
As franchise portfolios grow, centralized services can expose hidden dependencies on the knowledge, judgment, and relationships of a few key leaders
  • Kendall Rawls
  • 1,248 Reads 6 Shares
Through discipline, patience, and trust, Tony Lutfi has brought the second generation into his franchise empire
  • Colleen McMillar
  • 2,033 Reads 28 Shares
The perfect time to sell is when the business and market are in good shape, and the owner is ready
  • Mark Herbick
  • 965 Reads 2 Shares
A 30-day tracking exercise reveals where your growing business still depends too heavily on you
  • Kendall Rawls
  • 1,833 Reads 1 Shares
A 30-day tracking exercise reveals where your growing business still depends too heavily on you
  • Kendall Rawls
  • 3,094 Reads 3 Shares
Private equity often exposes operational weaknesses, leadership gaps, and control issues that strong financial performance can hide
  • Kendall Rawls
  • 2,864 Reads 10 Shares
Private equity often exposes operational weaknesses, leadership gaps, and control issues that strong financial performance can hide
  • Kendall Rawls
  • 1,999 Reads 1 Shares
More units can expose weak leadership structures before owners realize it
  • Kendall Rawls
  • 2,193 Reads 4 Shares
Rapid expansion can mean putting out fires, filling gaps, and making decisions that others should make
  • Kendall Rawls
  • 2,241 Reads 2 Shares
Second-generation franchisees must prove themselves through experience, trust, and proper leadership to effectively run and carry on the business
  • Frankie Radochonski
  • 4,519 Reads 2 Shares
With continuity in mind, multi-unit franchisees can scale without compromising the business' future
  • Kendall Rawls
  • 2,748 Reads 8 Shares
AnswerConnect
SPONSORED CONTENT
AnswerConnect
SPONSORED CONTENT
AnswerConnect
SPONSORED CONTENT
Preparing your family for the next generation of leadership goes beyond legal paperwork
  • Kendall Rawls
  • 3,373 Reads 3 Shares
When done right, letting go doesn't mean losing control
  • Kendall Rawls
  • 4,816 Reads 13 Shares
The right approach to change ensures leadership continuity and sustained profitability
  • Kendall Rawls
  • 3,698 Reads 3 Shares
Restaurant franchisee shares advantages and lessons learned through operating a family business
  • Ed Newsome
  • 3,293 Reads 5 Shares
Proper planning, valuation, and due diligence can help outgoing franchisees and bring qualified owners into the system
  • Pete Baldine 
  • 3,444 Reads 2 Shares
Stepping into a parent's shoes can be both an honor and a daunting challenge
  • Kendall Rawls
  • 4,718 Reads 2 Shares
Every franchisee needs to develop a plan for a long-term exit strategy
  • Larry Layton
  • 3,629 Reads 7 Shares
Succession planning requires practical steps to sustain and grow what you've built
  • Helen Bond
  • 6,131 Reads 53 Shares
Make sure all new employees are qualified for their jobs
  • Kendall Rawls
  • 3,517 Reads 6 Shares
Don't let the wrong hire create a family crisis for your business
  • Kendall Rawls
  • 4,088 Reads 6 Shares
AnswerConnect
SPONSORED CONTENT
AnswerConnect
SPONSORED CONTENT
AnswerConnect
SPONSORED CONTENT
In addition to portfolio growth, diversification provides opportunities to develop new skills
  • M. Scott Morris
  • 5,529 Reads 13 Shares
Stepping into a parent's shoes can be both an honor and a daunting challenge
  • Kendall Rawls
  • 4,835 Reads 8 Shares
Succession planning holds the key to maintaining resilience, adaptability, and enduring value
  • Kendall Rawls
  • 5,056 Reads 10 Shares
Sibling partnerships require a proactive commitment to both personal growth and business success.
  • Kendall Rawls
  • 6,311 Reads 8 Shares
With effective communication, conflicts can become opportunities for growth.
  • Kendall Rawls
  • 7,592 Reads 11 Shares
To preserve his business and help his family, Gary Avants hired a family succession consultant.
  • M. Scott Morris
  • 5,851 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
  • 5,883 Reads 16 Shares
Guarantee financial safety, wealth, freedom, and a lasting legacy for your family through estate planning and succession planning
  • Kendall Rawls
  • 6,848 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
  • 7,045 Reads 4 Shares
Share This Page
Content Preferences
Add Franchising.com

Subscribe to our Newsletters