For several years you’ve been a successful recruiter, helping both clients and candidates find the perfect match. But you’ve realized over the past few months that you want more out of your career. You want to grow.
You are willing to put your passion, knowledge, and connections to work for you and build a recruitment business you can be proud of.
And that’s perfectly normal. But a bit scary at the same time. After all, you’ve worked so hard for the past years, you just want to get this right from the beginning and have the best shot at success.
If this sounds like you, if you are currently on the path to starting a recruitment business of your own and you want to make sure you succeed, then it would be a great idea to consider a recruitment franchise with experience in the industry.
Recruitment agency franchises are accessible turn-key businesses that offer you all the know-how, support and guidance you need in order to be successful, in exchange for a minimum monthly fee or percentage of your earnings.
It’s a win-win partnership that gives you access to all of the knowledge, tools, and flexibility you need and in some cases a community of like-minded professionals to help you build a successful recruitment agency.
But before making a decision that will impact your career and earnings, make sure you gather all the information you need. We’ve put together a short guide that will hopefully bring some value and help you make the best decision when it comes to choosing the best recruitment franchise for you.
While motivations differ from one person to another, it’s important to look at 5 key areas to make sure you are making the right decision for your career, future and your about to be launched recruitment business.
Here are our top 5 tips on finding a recruitment agency franchise that suits you and sets you up for success.
When it comes to choosing your recruitment franchise, service quality is a key indicator of background and performance. Set your expectations high and don’t settle for anything less than great services. Your career is at stake here so try to evaluate as objectively as possible. Check online for references of the franchise, talk to friends and peers in order to get all the data you need about the franchises you are considering.
The idea here is that you want to go with an established business, with solid processes and procedures and the capacity and experience to support you to achieve your goals.
If the service the franchise delivers to its customers is substandard then your business relationship with the franchiser and future clients will be as well.
So when looking for the best franchise business opportunity to invest in, take your time and look at tens, even hundreds, of different companies before deciding which to shortlist.
Gone are the days when just going on a website was enough to decide which franchise to go with. The recruitment industry has become saturated and the competition is fiercer than ever. So while the website and their online presence are relevant to some degree it’s also important to not shy away from picking up the phone to discuss a partnership opportunity and what each one of you has to offer. In today’s overcrowded business landscape standing out is the name of the game.
So spend time doing this research. Leave nothing to chance and search for relevant information both online and offline that demonstrates their expertise. Understand the reasons why you should choose them over other franchises. It will definitely pay off in the end, as you will eventually find the type of recruitment franchise that you want to work with and that has a genuine interest in helping you grow professionally.
To get an insight into what life as a franchisee is really like, ask for case studies, success stories, and strategic plans. These will help you understand their vision and business model as well as get an accurate picture of where you will be in a few years from now.
When you finally establish contact, do more than just ask about the business model. Sure, they’ll have questions to ask you, and ideally, you will have questions to ask them, but equally if not more important is to find some common ground and see if you are a good match.
Let’s put it this way. If by the time you hang up the phone and they have answered all your key concerns, you are not excited about this, then chances are you will never be. Instead, use this time wisely to “interview” them by asking the right questions. Are they in it for the long run? Do they have a clear business goal?
Are they aiming for fast growth and then to exit or for sustainable growth to everyone’s benefit?
Today it’s just as much about them recruiting you as it is about you recruiting them, so it’s a good idea to use your intuition during these talks and leverage your experience as a recruiter.
If you’re in it for the long run it’s best that the franchise business you will be working with is too.
Some other examples of key questions you could ask are:
Only when you understand their franchise motivation, culture, business model and plan, can you commit to setting up a meeting to further discuss a potential partnership?
Of course, prior to this face-to-face meeting, it’s important to also discuss the commission structure they adhere to and what your expectations should be realistic in terms of billings. In order to make a partnership successful, both parties must bring funds or knowledge to the table. So get that out of the way by approaching this subject directly. Only then can you decide whether the partnership is worth pursuing. Recruitment franchisees need a lot of cash flow, so it’s important to determine early on whether the fit is right, for both you and them.
The proven business model, the performance indicators, the long-term business strategy are obvious things to look for and ask about as a future recruitment entrepreneur looking to start his or her own business. But as you are looking for that perfect fit “on paper” you also want to look beyond the numbers. It’s important to invest in a business whose values and ethics are aligned with yours and this often depends on the culture of the company.
A good way to identify the culture of a company is during a face-to-face meeting or discovery day where the franchiser describes its journey and can give you an overview of the type of people they are looking for.
Finding the right franchise businesses is probably the toughest part out of all the processes. But looking for them in the right places will make things easier.
Exhibitions are a smart way of maximizing your time as the amount of information and knowledge you learn during such events will definitely back up your research. And the benefits of attending franchise exhibitions are various.
First off, you get to meet and network with other franchisees. Being able to discuss any concerns or challenges that you’re facing and that they might be facing as well will definitely benefit in the long run.
Secondly, exhibitions offer a great opportunity to meet and discuss face-to-face with potential franchise businesses and even schedule appointments prior to the event. There are several such events across the country every year.
Our website is a great resource as well. We provide professionals on the lookout for starting their own recruitment agency the chance to join our team of experienced recruiters after carefully considering our values, motivators, differentiators and business model.
Through our website we believe we communicate your opportunities as well as our mission to contribute to the growth of your career, helping you achieve the ultimate level of success.