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

RenderSEO
RenderSEO is a marketing technology company that combines a powerful local search management platform with unbeatable client support. Our guiding principle is simple: to help local businesses get found online, placing them front and center.
Request Info
Learn More
MassageLuXe
SPONSORED CONTENT
MassageLuXe
SPONSORED CONTENT
MassageLuXe
SPONSORED CONTENT
Make sure all new employees are qualified for their jobs
  • Kendall Rawls
  • 1,772 Reads 5 Shares
Don't let the wrong hire create a family crisis for your business
  • Kendall Rawls
  • 1,955 Reads 5 Shares
Stepping into a parent's shoes can be both an honor and a daunting challenge
  • Kendall Rawls
  • 2,986 Reads 7 Shares
Succession planning holds the key to maintaining resilience, adaptability, and enduring value
  • Kendall Rawls
  • 3,222 Reads 9 Shares
Sibling partnerships require a proactive commitment to both personal growth and business success.
  • Kendall Rawls
  • 4,295 Reads 8 Shares
With effective communication, conflicts can become opportunities for growth.
  • Kendall Rawls
  • 5,584 Reads 10 Shares
To preserve his business and help his family, Gary Avants hired a family succession consultant.
  • M. Scott Morris
  • 3,809 Reads 4 Shares
How you can strike a balance between the mindset of preparing your business for sale and staying connected to your purpose.
  • Kendall Rawls
  • 4,200 Reads 15 Shares
Guarantee financial safety, wealth, freedom, and a lasting legacy for your family through estate planning and succession planning
  • Kendall Rawls
  • 5,247 Reads 17 Shares
Preparing a succession strategy can construct a strong base for your venture and lay the groundwork for long-term success.
  • Kendall Rawls
  • 4,583 Reads 3 Shares
Looking to sell? Finding the right PE partner can help you to maximize your return
  • Carty Davis
  • 4,436 Reads 38 Shares
Doner Shack
SPONSORED CONTENT
Doner Shack
SPONSORED CONTENT
Doner Shack
SPONSORED CONTENT
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
  • 3,289 Reads 7 Shares
Succession planning is the secret sauce to building long-term sustainable businesses.
  • Kendall Rawls
  • 4,097 Reads 15 Shares
Establish a Successor Development Program to help you pick the right successor leader for your company.
  • Loyd Rawls
  • 4,636 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
  • 4,107 Reads 18 Shares
Considering the possible, probable, and potential issues impacting your business when the economy changes.
  • Kendall Rawls
  • 5,174 Reads 11 Shares
Chris Carpenter went looking for the perfect partner for his first franchise. He found his dad.
  • Chris Carpenter
  • 8,600 Reads 29 Shares
How multi-unit franchisees can take steps to create more control over the future of their business
  • Kendall Rawls
  • 6,601 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
  • 3,413 Reads 4 Shares
Transitioning your business to the next generation will take plenty of planning, preparation, training, and time
  • Emma Pearson
  • 6,742 Reads 12 Shares
JJ Ramsey grew up working in the family’s Schlotzsky’s franchise business. Today he has 18 Schlotzsky’s of his own.
  • Kerry Pipes
  • 9,317 Reads 514 Shares
Subway
SPONSORED CONTENT
Subway
SPONSORED CONTENT
Subway
SPONSORED CONTENT
Now is the time to decide if dealing with the family “petty crap” is worth pursuing a succession plan for your business.
  • Loyd Rawls
  • 5,163 Reads 11 Shares
The perfect strategic plan combines the elements of research, strategic thinking, and execution.
  • Jeff Faulkner
  • 6,930 Reads 7 Shares
Understanding the realities of keeping results and relationships balanced among business partners and family members.
  • Dan Schneider
  • 5,563 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
  • 5,807 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
  • 5,720 Reads 17 Shares
Change is a part of every presidential administration and should also be factored into succession planning.
  • Champ Rawls
  • 4,295 Reads 1 Shares
Avoiding 8 common mistakes owners make when selling their business.
  • Terry Monroe
  • 4,521 Reads 8 Shares
How to know when it’s time to sell the family business to someone else.
  • Terry Monroe
  • 6,924 Reads 27 Shares
Developing policies and procedures for working together keeps family harmony in the workplace and at family gatherings outside work.
  • Kendall Rawls
  • 6,005 Reads 34 Shares
Share This Page

Subscribe to our Newsletters