Ep. 116 PE & Franchising with Alicia Miller, Founder & Managing Director at Emergent Growth Advisors
Who Should Listen? Franchise Owners and Operators, Managing Partners, and Business Owners.
Topics:
The Differences Between Private Equity Buyers
The Value Diverse Management Teams Bring
The Challenges and Complexities of Turnarounds in Franchising
...and so much more.
Top Takeaways
“One of the common misconceptions is that they're all the same,” Alicia explains the pros and cons of the different types of private equity buyers, emphasizing that the value of an offer for your business extends beyond the monetary figure. It is crucial to understand each private equity firm’s offers, timelines, and where they source their funds.
Diverse management teams generate excitement, align interests, and improve retention. Jordan and Alicia discuss the essentials for business success in today's market. They emphasize the importance of having an active management team skilled in marketing, operations, and day-to-day functions. This helps to keep employees motivated in a competitive market.
Turnarounds in franchising are one of the toughest assignments in business. While investing in franchises offers great rewards, Alicia explores the complexities and challenges of franchising, highlighting the importance of support from the entire franchise community in executing plans effectively. This distinction sets franchising apart from traditional businesses.
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