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.

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Every franchisee needs to develop a plan for a long-term exit strategy
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Succession planning requires practical steps to sustain and grow what you've built
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Stepping into a parent's shoes can be both an honor and a daunting challenge
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Succession planning holds the key to maintaining resilience, adaptability, and enduring value
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Sibling partnerships require a proactive commitment to both personal growth and business success.
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With effective communication, conflicts can become opportunities for growth.
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To preserve his business and help his family, Gary Avants hired a family succession consultant.
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How you can strike a balance between the mindset of preparing your business for sale and staying connected to your purpose.
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Guarantee financial safety, wealth, freedom, and a lasting legacy for your family through estate planning and succession planning
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Preparing a succession strategy can construct a strong base for your venture and lay the groundwork for long-term success.
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Looking to sell? Finding the right PE partner can help you to maximize your return
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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.
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Succession planning is the secret sauce to building long-term sustainable businesses.
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Establish a Successor Development Program to help you pick the right successor leader for your company.
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It’s important to put together a plan for when and how you bring any of your children into the family business.
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Considering the possible, probable, and potential issues impacting your business when the economy changes.
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Chris Carpenter went looking for the perfect partner for his first franchise. He found his dad.
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Ongoing dialogue helps the next generation understand the complexities of the business, expectations as an employee, and the potential of becoming leaders.
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Transitioning your business to the next generation will take plenty of planning, preparation, training, and time
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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.
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Now is the time to decide if dealing with the family “petty crap” is worth pursuing a succession plan for your business.
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The perfect strategic plan combines the elements of research, strategic thinking, and execution.
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The importance of succession planning for the family business; preparing to keep it in the family or sell to the right buyer.
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Change is a part of every presidential administration and should also be factored into succession planning.
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Avoiding 8 common mistakes owners make when selling their business.
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