Family Business Succession Planning

Associations and Franchisors

Don’t Just Survive Retirement

When business succession planning goes bad for a family, it goes bad for the business's association, franchisor and industry.

Why not help your members and franchisees implement smooth ownership transitions?

Many business owners have family working for them but haven't talked about ownership change. Confusing management succession with ownership succession can have a devastating effect when the controlling shareholder suffers a health crisis or dies, especially when family members don’t actually want to own the business.

Tom's keynote speech is a powerful tool to get business owners talking and planning for inevitable life events.

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Know the Risks to Your Industry and Franchise

Tom has spoken to a wide range of industry associations, customizing his message to highlight industry-specific trends and challenges.

When business owners fail to communicate with their families and implement thoughtful transition plans, wealth destruction is inevitable. This loss is avoidable if associations and franchisors play a leadership role in educating their members.

Will risks and trends in your industry affect family wealth and the overall success of your industry or franchise? A business’s biggest liability is an owner with no succession plan.

Learn about the dangers of thinking that naming a beneficiary is the same as having a true transition plan.

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When There Is No Family to Take Over

Many business owners mistakenly assume that theirs is not a family business if their children or spouse aren't working in it. But if the owner is incapacitated or dies, family may be required to step in, run the business and potentially become the beneficiary of the business.

Tom's keynote speech takes a look at the practical steps that associations and franchisors can take to help their members and franchisees avoid putting family members into positions where they will likely fail.

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A Convention Speech Perfect for Spouses

No one pays a higher price for business succession planning gone awry than a surviving spouse. Tom’s keen awareness of this fact is what makes him such an engaging and relevant speaker at industry association and franchise events. Indeed, Tom’s keynote is perfect for the entire family.

The current generation of aging business owners will live much longer than their parents did. This fact is seriously affecting modern succession plans. Today, the idea that 95-year-old business owners will maintain control while their 70-year-old children manage the business is already proving problematic. With business owners living longer, it is common for three and sometimes four generations to be working in a business at the same time. This new dynamic is creating profound new challenges and leading many to destroy their wealth and family relationships.

When business owners embrace the idea that businesses are meant to be sold in an orderly way, succession plans become effortless. Hire Tom to speak at your next convention or industry event and introduce your member firms or franchisees to a refreshing new message on a subject as old as business itself.
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