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Get the right people on both sides of the balance sheet

Get the right people on both sides of the balance sheet

These days, you might be hearing the term “human capital” fairly frequently. That’s a recognition of the contribution people make to a firm’s value. Most often, we hear it in terms of staff and the increasing competition for the best employees -- what some call a race...

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The strategies behind refranchising

The strategies behind refranchising

Over the past few years, many of the larger restaurant chains have reduced the percentage of their company-owned locations by selling them to franchisees. During 2017, such refranchising was common in our industry. For example, McDonald’s® was wrapping up its...

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Small steps for balancing work and life

Small steps for balancing work and life

Most of the time, our words here focus on ways to grow your RIA business or improve your operations. Sometimes, though, we need to think about work in a different way -- as in why we do it in the first place. It’s not just about providing basic sustenance, because if...

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Driving growth: Outshine your competitors in 2018

Driving growth: Outshine your competitors in 2018

If you want true growth and a high performing business, you can’t afford to exhale and rely on a boost in rates to meet your goals. If you are awaiting revenue growth before focusing on talent growth, you may find yourself in a case of “chicken or the egg.” Deciding...

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Invest in remodeling today, boost sales tomorrow

Invest in remodeling today, boost sales tomorrow

There’s a reason most major franchise chains have initiated redesign programs in recent years. Consumers are more fickle than ever, and they’re drawn to the newer and shinier. If the restaurant down the street looks fresher and brighter, they’ll have a competitive...

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Be a part of your firm’s succession plan

Be a part of your firm’s succession plan

It’s been said that if you don’t make a plan, the world will make one for you. That’s especially true when it comes to your career. If you don’t approach your work with goals and a way to get there, you’re leaving the future in the hands of your employer and the...

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How to get in on conversations about succession

How to get in on conversations about succession

It’s been said that if you don’t make a plan, the world will make one for you. That’s especially true when it comes to your career. If you don’t approach your work with goals and a way to get there, you’re leaving the future in the hands of your employer and the...

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Succession Leadership Roadmap

Succession Leadership Roadmap

He’s a great employee with a good head for business. You’ve hired well over the years, but he really stands out. As you watch him deal with your clients and analyze his numbers, you’re confident that, when the time is right, he’ll be ready to take your business’s...

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Holiday preparation: plan for insanity, reap extra profits

Holiday preparation: plan for insanity, reap extra profits

Franchise owners often have a love-hate relationship with the holiday season. On the “hate” side comes a crush of business from impatient customers who want to get their orders and get back into the stores. They can be brash, they can be rude, and they can push your...

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Recruiting: tactics for adding talent

Recruiting: tactics for adding talent

The business community’s appreciation for the value of what CPAs know has increased in recent years. That’s great news, except for those responsible for finding and hiring CPAs. With so many companies eager to put that financial brainpower to work, a highly qualified...

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Acquisitions can make your firm more diverse

Acquisitions can make your firm more diverse

Diversification to limit risk One of the most basic pieces of advice most CPAs learn long before they take their first accounting course is “don’t put all your eggs in one basket.” Whether that came from your father when he told you to apply to more than one employer,...

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Acquisitions can make your firm more diverse

Acquisitions can make your firm more diverse

If you’re like most RIAs, one of the first pieces of advice that you share with nearly every client is to keep their portfolio diversified. In fact, most of us learned that “don’t put all your eggs in one basket” message long before we began careers in the investment...

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5 Due Diligence Keys When Buying a Franchise Location

5 Due Diligence Keys When Buying a Franchise Location

If you’re exploring the possibility of purchasing an existing franchise location, you’ve probably studied the market area and considered the potential sales volume you could achieve. You’ve probably also looked at the operation itself and determined what you’d need to...

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Don’t make these 5 mistakes when acquiring a store

Don’t make these 5 mistakes when acquiring a store

You’re ready to expand your franchise operation by purchasing another location. That’s exciting, and it presents opportunities for you. Acquiring another store also exposes you to a variety of risks. That doesn’t mean you should automatically change your mind. What it...

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Reasons to keep improving your POS system

Reasons to keep improving your POS system

Because technology can be expensive, it’s easy to think of any new system as a one-and-done purchase. You’ve installed a new POS system, so you can forget about it for a few years and shift to other needs, right? Actually, that’s a shortsighted approach. Even if you...

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Franchise Technology: Real Opportunity or Necessary Evil?

Franchise Technology: Real Opportunity or Necessary Evil?

How technology is transforming franchises and why you can’t afford to ignore it As technology plays a growing role in the design and operation of restaurants, some of those operators are hesitant to change or resistant to replacing the familiar with something new. But...

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7 Habits of Successful Multi-unit Franchisees

7 Habits of Successful Multi-unit Franchisees

While outsiders may view operating a franchise as easy -- after all, someone else has developed the concept and all the procedures, right? -- franchisees know that a substantial commitment of time, energy, and resources is required for success. That commitment only...

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Signs that it’s time to acquire

Signs that it’s time to acquire

One of the most effective ways to expand your agency’s business is to acquire another agency. Whether you purchase a local competitor or an agency in a nearby town, an acquisition instantly increases the size of your book of business and gives you new opportunities...

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