Considering Jumping Into Franchising? 6 Things To Think About First!
So, business is booming and you’re starting to wonder how you can continue this hot streak. You could open another location, but the thought of all the sleepless nights and long hours makes you shudder. Yeah – maybe not.
Well, what about franchising? While franchising may seem like a great option, there are a few things to consider before jumping right into finding franchisees.
Adapting to the Changing Workforce
I’ve seen many different posts lately disparaging people for being “picky” about where they work and choosing themselves over what seems like a great job. I’ve also seen a lot of arguments about the living wage and what minimum wage work “looks like.” It got me thinking about work differently.
Completing A Pay Analysis
Many small businesses avoid conducting pay analyses for various reasons -- some believe they may not need them, and others think they're too complicated to do themselves. The fact remains that all businesses, regardless of size, should conduct regular pay analyses if they want to stay competitive and attractive to their current and prospective applicants. Sometimes, things may happen in the business that urges you to conduct a job analysis outside of your regular schedule, like a state or federal wage increase or a significant increase in turnover in your long-term employees.
Why aren’t they using their benefits?
Non-monetary benefits can be helpful in retaining and attracting candidates for your company, but what does it mean when they aren’t doing ANYTHING? If you have non-monetary benefits for your team and you think that they aren’t effective – read on to see a few reasons why they may not be working for you.