Dale Carnegie’s Mike Norman and son Matt Norman were featured in a Franchise Times article highlighting family success stories of passing along the franchise to the kids.
“The plan began with just the two of us talking about what we wanted,” says Matt. “What I mean is, he dedicated his whole career to this business,” Matt explains about his father. “He would want someone to come in and pay premium dollars for this franchise. He would want to stay in this business for years. A lot of his sense of worth and so forth was tied up in this business.”
“But what did he need?” He needed to sell the business for an amount so the parents would be comfortable, and “he needed a graceful exit and about one to two years of transition.”
Click here to read more about the Norman family success story in Franchise Times.