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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August 13th, 2025
LT (formerly LaneTerralever) is a marketing and digital experience agency focused on creating meaningful customer experiences based on deep strategic insights.
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Proper planning, valuation, and due diligence can help outgoing franchisees and bring qualified owners into the system
- Pete Baldine
- 1,132 Reads 2 Shares
Stepping into a parent's shoes can be both an honor and a daunting challenge
- Kendall Rawls
- 2,625 Reads 2 Shares
Every franchisee needs to develop a plan for a long-term exit strategy
- Larry Layton
- 2,028 Reads 7 Shares
Succession planning requires practical steps to sustain and grow what you've built
- Helen Bond
- 2,941 Reads 50 Shares
Make sure all new employees are qualified for their jobs
- Kendall Rawls
- 2,054 Reads 6 Shares
Don't let the wrong hire create a family crisis for your business
- Kendall Rawls
- 2,257 Reads 6 Shares
Stepping into a parent's shoes can be both an honor and a daunting challenge
- Kendall Rawls
- 3,345 Reads 8 Shares
Succession planning holds the key to maintaining resilience, adaptability, and enduring value
- Kendall Rawls
- 3,541 Reads 10 Shares
Sibling partnerships require a proactive commitment to both personal growth and business success.
- Kendall Rawls
- 4,671 Reads 8 Shares
With effective communication, conflicts can become opportunities for growth.
- Kendall Rawls
- 5,929 Reads 10 Shares
To preserve his business and help his family, Gary Avants hired a family succession consultant.
- M. Scott Morris
- 4,180 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
- 4,486 Reads 16 Shares
Guarantee financial safety, wealth, freedom, and a lasting legacy for your family through estate planning and succession planning
- Kendall Rawls
- 5,510 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
- 5,008 Reads 4 Shares
Looking to sell? Finding the right PE partner can help you to maximize your return
- Carty Davis
- 4,688 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
- 3,482 Reads 8 Shares
Succession planning is the secret sauce to building long-term sustainable businesses.
- Kendall Rawls
- 4,316 Reads 16 Shares
Establish a Successor Development Program to help you pick the right successor leader for your company.
- Loyd Rawls
- 4,863 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
- 4,415 Reads 18 Shares
Considering the possible, probable, and potential issues impacting your business when the economy changes.
- Kendall Rawls
- 5,359 Reads 11 Shares
Chris Carpenter went looking for the perfect partner for his first franchise. He found his dad.
- Chris Carpenter
- 8,917 Reads 29 Shares
How multi-unit franchisees can take steps to create more control over the future of their business
- Kendall Rawls
- 6,794 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
- 3,592 Reads 4 Shares
Transitioning your business to the next generation will take plenty of planning, preparation, training, and time
- Emma Pearson
- 7,145 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
- 9,941 Reads 519 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
- 5,383 Reads 11 Shares
The perfect strategic plan combines the elements of research, strategic thinking, and execution.
- Jeff Faulkner
- 7,161 Reads 7 Shares
Understanding the realities of keeping results and relationships balanced among business partners and family members.
- Dan Schneider
- 5,732 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
- 6,068 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
- 6,030 Reads 17 Shares
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