It’s Time to Talk – Succession Planning for Your Franchise

Succession Planning
Succession planning is an essential to future business success. The unique quality of franchisees is that this is quite often a family affair. It is a heavy burden to bare for current franchisees to lift into the next generation – familial or not!

Dan Iosue from Franchising.com writes, “You need a forum to provide a safe place for building the skills necessary to listen to one another’s opinions and to encourage productive communication between business family members about the business as it relates to the family. This is one of the most critically consistent factors that can help lead a family business out of the current generation and through the next generation successfully.”

ASE Group has found huge success by creating a platform to encourage the discussion of succession on behalf of their franchisor clients at their annual meetings. Creating an open dialogue with fellow franchisees and their franchisor allows franchise owners to share struggles and best practices that leads to building a safe and secure business plan for the future.

Read more at franchising.com

 

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