Kendall Rawls — page 6

Succession planning is crucial for franchisees, allowing them to build a plan for the future and ensure a smooth transition of ownership.

The continued growth of the franchise industry along with the growing gap in qualified talent are increasing the complexities of an already complex business.

Renay Winston shares an analogy about building a human resources department with the right recruitment and development tools.

Effective leadership can often feel like a mirage, something you aspire to but often seems fleeting.

Franchise restaurant owners face challenges, including rising labor and food costs, and must adapt to changing market conditions.

This article discusses consumer confidence and does not specifically relate to franchising or multi-unit operations.

The holidays can impact relationships and work productivity for multi-unit franchisee owners, highlighting the importance of family and friends in the workplace.

Why is corporate culture so important for a successful business?

Moving into the holiday season, and a tighter than ever job market, we are seeing reports that hiring for the season may be more costly than what franchisee owners may have budgeted (or be able to pay).

Low unemployment rates can spell trouble for franchisees as the competition to recruit the best employees is as tight as it has ever been.

Due diligence and cleaning house before a sale are critical steps for multi-unit franchisees looking to bring in new investors or sell off units.

Franchise owners are expanding, and new investors are eyeing the franchise world due to its strong growth and economic conditions.

Franchise owners can grow without cannibalizing sales by focusing on long-term profitability budgets and cash flow projections.

The Tax Cuts and Jobs Act is having a positive impact on the future growth of the franchise industry, with increased consumer spending and a boost to household incomes.

The article discusses the importance of succession planning for multi-franchisee owners, including building and implementing a strategy to open more stores and diversify the brand portfolio.

Business owners often fail to develop employees and managers with leadership potential, hindering growth and organizational longevity.

The article discusses the importance of positioning a business effectively for next-gen talent and buyers, including developing multi-unit leaders and preparing for second-generation franchisees.

Business owners should consider the future and what it will take to achieve their goals, with a focus on innovation and community impact.

Franchise owners should look back at the industry's past to learn from changes taking place and adapt to the evolving landscape.

Teamwork is imperative to business success simply because you cannot do it all.

In our last article, "How and Why to Identify Rising Talent" we discussed the 6 C's for evaluating and identifying the next generation of leaders.

Franchise owners should identify rising talent using six key indicators.

In our last article, "Reflections - Past, Future, Present" we talked about reflections and how the holiday season is the one time of year that we find ourselves reflecting, without even trying.

As we prepare for a new year we often focus on keeping/growing what we have gained, or minimizing what we have lost.