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Let’s face it, starting a business takes a lot of time, effort, and planning. It’s like they say, failing to plan is planning to fail. When starting your own business, for example, you need a location, office furnishings, equipment, and software. You’ll also need a business model, a leadership structure, and an efficient and streamlined workflow that will allow you to give your customers the best service.
And that’s not all. You’ll want customers to know about your business, so you’ll have to focus on establishing your brand and creating awareness around it. You also have to manage your finances to ensure that your business is successful. And don’t forget about managing your workforce and providing a competitive quality of service. We repeat, starting a business takes a lot of time, effort, and planning.
Advertising and Brand Establishment
Marketing, marketing, marketing. It’s so important that we had to say it three times. In fact, effective marketing strategies are now more critical than ever. We’d even venture as far as to say that, without it, businesses will struggle to survive.
And it’s here where new businesses often face the most significant hurdles. You see, to be successful, new businesses have to establish their brand and create awareness around it. And then, they have to build a strong reputation. Sure, part of building your reputation is in the quality of service you provide, but the other part lies in the marketing.
This is often a bridge too far for many new businesses.
And it’s easy to see why considering that marketing and building brand awareness are complex at the best of times. It’s even more complicated for new business owners that don’t necessarily have the marketing skills and knowledge to know what works and what doesn’t.
For example, new business owners without these skills may spend their whole marketing budget in the first few days of a month on something that doesn’t work. Likewise, other new staffing agency business owners may focus on strategies that aren’t effective anymore.
With a recruitment agency franchise, though, you don’t have to spend a considerable amount of your startup capital on extensive marketing because you’re already working with a brand that clients recognize and trust. In other words, you’re building your business on a solid foundation that’s built on an existing reputation while using a company name and imagery that already has an excellent reputation for service and results.
For example, at NEXTAFF, we give our Franchise Owners the necessary marketing support that allows them to identify and acquire clients. Here, our field support covers sales and marketing. Also, our strategies include providing our Franchise Owners with verified target market lists and automated multi-touch contact they can use to market their recruitment agency franchise and create awareness.
Building an Effective Business Model
No matter what business you start, you’ll have to have an effective business model for it to work. And here, every new business owner goes through a process of trial and error to develop the business model that works for them.
So, when you start your business, you must think of things like your leadership structure, your supply and vendor network, and, last but not least, a way of doing business that effectively generates revenue and builds your brand. Once you know all these things, you can incorporate and implement them into your business model.
Now, we don’t have to tell you that this takes a lot of time and effort to do. And this is often time and effort you could’ve rather spend on generating revenue. After all, without generating revenue, the chances of your business succeeding are slim.
Fortunately, when you open your NEXTAFF recruitment agency franchise, you start with a business model that has worked for years and has helped dozens or even hundreds of other Franchise Owners build a successful business without going through any trial-and-error to develop an effective business model.
For example, NEXTAFF started in 1998, and we’ve been franchising since 2004. Ultimately, this means you get to use a functional business model that’s been in place and refined for close to 20 years.
And it doesn’t stop there. We give our Franchise Owners about 10.5 hours of onboarding, 31 hours of online training, 62 hours of classroom training, and 23 hours of onsite training. This teaches them everything they need to know about our business model and to implement our systems.
Back Office Infrastructure and Support
When your goal is to provide excellent service and lead a great team, inefficient back-office infrastructure and management can really slow you down.
In fact, many new business owners get bogged down doing paperwork in the back office instead of taking on the inspiring leadership role they wanted to. As a result, they don’t get to focus on what they’re good at, running their business and generating revenue.
With a NEXTAFF recruitment agency franchise, this is a thing of the past. The back-office support provided by your recruitment agency franchise home office can help you jump-start all the tedium that often comes with opening a new business. As a result, you don’t have to spend all of your time managing books in the back, and you can focus on providing excellent service and leading your team.
For example, at NEXTAFF, we offer all our Franchise Owners extensive field support covering all the back-office support they need, including sales and marketing, operations, management, and finance.
For example, we provide assistance with Employee Application Compliance, Employee Benchmarking, and Labor Law Compliance. These are just some of the support we provide to our Franchise Owners.
Our robust back-office support infrastructure provides a multitude of resources to our Franchise Owners at a national level, giving them the ability to concentrate on expanding their recruitment agency franchise throughout their region and building a true NEXTAFF empire.
Creating a Network of Industry Advice Sources
There is no way to get around it; in business, networking is crucial. This is more so for new business owners who need a network of industry experts and experienced fellow business owners to get advice while growing their business.
Just think about it, when you start your business, you’ll need advice on how to successfully launch it. You’ll also consistently need advice on how to deal with demanding clients, how to manage complex vendor or supplier issues, and so much more.
In any of these cases, it’s great to have industry knowledge at your fingertips. But here’s the thing, new business owners often need to build these networks from scratch. Undoubtedly, this takes a lot of time and effort to network with the right people.
Fortunately, when you open a franchise, you already have that network. As a result, you’ll benefit from an entire community of fellow Franchise Owners, and you’ll have expert support to rely on.
At NEXTAFF, we host weekly onboarding calls for the first three months of business, and we have weekly sales and recruiting debriefs and monthly group training sessions. We also host annual conventions for our Franchise Owners. This gives them the ideal opportunity to network with other Franchise Owners where they can share advice and tips on running their business.
This, in addition to our extensive daily support with sales and marketing, operations, management, and finance, sets our Franchise Owners up for success and growth.
Choosing the Best Industry Software
Finally, when you start a new business, you need the right tools to manage and run your business. Think about it like this, a carpenter won’t use a butter knife to build a cabinet. Likewise, you need the right tools to help you make your business’s processes more efficient and streamlined.
One of these tools is software. And here, all modern businesses must all strive to find the best possible industry software for the job. They need the right software for their workflow, managing their employees and internal functions, marketing, and sales, and maintaining adequate data security.
The problem is, however, that there are so many different software platforms available that it’s often difficult to choose the right one that will fit in with your needs and requirements.
For example, just on the marketing technology front, there are over 8000 solutions available. Likewise, there are a multitude of CRMs, payroll solutions, and productivity software platforms available on the market today. Add to this the fact that new products or released seemingly every week, and the choice gets even more complicated.
Fortunately, you don’t have to worry about weighing up and choosing between the hundreds of industry software options available with a franchise. Your recruitment agency franchise brand and fellow Franchise Owners have already done the hard part. You can rely on their expertise to know which software options are the best for your industry, business model, and the success goals on your horizon.
At NEXTAFF, we provide our Franchise Owners with the best industry software for their needs. For example, our Franchise Owners have access to an automated job board and electronic hiring documents that make their job so much easier.
And that’s not even mentioning our industry-leading proprietary X-FACTOR staffing method. This proven system takes profiles of a business’s most successful employees, allowing Franchise Owners to know precisely what kind of talent to find for the business. It’s been statistically proven to outperform competitors by as much as 100%.
This is just one of the ways we allow our Franchise Owners to unlock their potential for greater success and ensure growth and profit for their business’s future.
The Bottom Line
Starting your own business can take a lot of time, money, and effort on your part to make it a success. And this is where new business owners often struggle.
However, starting your own business and becoming a successful entrepreneur doesn’t mean you have to start from scratch. In simple terms, you don’t have to struggle.
When you open a recruitment agency franchise, you can make the process of starting and running your business a lot easier. With the support and infrastructure provided by an established franchise, you can own your own business without some of the hassle, tedium, or uncertainty that comes from possibly striking out entirely on your own.
We’ve already outlined how our support, software, and business model help our Franchise Owners to achieve success. In addition to this, there are some very compelling reasons why you should consider a NEXTAFF franchise for your business opportunity.
- It’s a uniquely profitable business. With a system-wide Average Gross Revenue of $1,953,751* and a relatively low investment starting at $123,000, you’ll enjoy a high potential for return on investment and a 7-month median breakeven point.
- It’s emotionally rewarding. You’ll leave work every day knowing that you helped match someone to the career of their dreams.
- You’ll have an elevated presence in your area. You can expand your reach to business contacts in neighboring regions, and our launch territory sizes amplify your business opportunities to build a bigger, better, local network.
In simple terms, you’ll enjoy a multitude of benefits when you open a NEXTAFF franchise, and you’ll save time and money along the way, which you can spend on growing your business and increasing your revenue.
If you want to know more about NEXTAFF or how you could own your own recruitment agency franchise, visit our franchise website, or contact us for more details.
* Numbers obtained from our 2020 FDD.