The staffing industry is growing at a rapid pace, with $147 billion in industry sales only four years ago -- and this number represents a trend that is projected to continue. With the American workforce projected to reach over 163 million by 2022, staffing agencies are positioned to become more and more relevant as a new generation of workers enters the labor force. If you are hoping to start a staffing agency, there is a good chance that opening one on your own will be more overwhelming than you would expect. Take a look at these six reasons to buy a franchise in the staffing industry instead.
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One of the secrets to success in the current staffing market is how well the supply and demand are handled. As more job opportunities begin to open up, more and more people will start to look for assistance in finding available positions. Employers will also need assistance in finding qualified job candidates to fill the available positions. This is why it is a perfect time for anyone who has been waiting to branch out on their own to take full advantage of a staffing franchise.
Running a business on your own is not an easy feat, and being part of a staffing franchise is not going to be any different. Running a small business will require you to invest a significant amount of time, resources, and money, and there will be no guarantees that you will see a return on investment(ROI). Due to these risks, many people let this stop them from leaving the familiarity, security, and stability of their current place of employment. According to research, only about 14% of people decide to become entrepreneurs.
You may think starting a staffing agency sounds like a great idea. With the economy on the upswing and consumer confidence higher than it has been for quite some time, you may feel like now is the time to plunge into going into business for yourself. Yet, at the same time, you're not sure if you have what it takes to make it happen. You know that statistics indicate that many businesses start and fail after only a few years. You don't want to be just another statistic. So, how can you be sure starting a business would work out well for you? Here are four typical characteristics of people who start their own business.
Now, more than ever before, more Americans are becoming part of the franchising industry as a way to make a dream of becoming an entrepreneur a reality. Why are so many Americans looking for franchising opportunities instead of opening their own? What are the benefits of becoming a part of a franchise instead of having an independent business?
If you have ever thought about going into business for yourself, then you are among the many Americans who have thought the same thing. Some people go on to start their own business and to a successful career, while others may dream but never take that step and do it. How does a person know if starting a business is right for them or if they will make it or not? These are difficult questions but all businesses have probably asked them at some point. If you are considering starting a business and have the entrepreneurial spirit, here are 5 questions to ask yourself before taking that step.
Recently, we found a new piece published in the Harvard Business Review. Essentially, the authors asserted how companies that previously failed in their digital strategy could improve by better positioning themselves as intermediaries of transactions in their supply chain. We loved this perspective because it demonstrates how a staffing franchise opportunity enables a business professional like you to focus on many types of relationships. For example, you could choose to specialize more in helping employers to tailor their job descriptions to specific opportunities or you could choose to specialize in recruiting candidates who want to change careers that will use their transferable skills.
Franchises are surrounded by all kinds of myths and rumors. In this blog, we'll go over some of the most common ones and explain how they relate to staffing franchises in particular. The goal is to give you a better understanding of what it takes to buy a franchise, regardless if the myths themselves are positive or negative.
Starting a staffing franchise is a big decision for anyone. Most first-time franchisees come from a long and successful career, have experience managing and running business locations on their own, and are willing to give up a few years of sleepless nights getting the new business running. In other words, franchising isn't for everyone. If you're one of the few called to start your own business and become a successful entrepreneur, you'll know. Many people warm their way up to franchise ownership, thinking about it for a few years as they get their personal life, career, and finances all in order for the big change. Are you ready to start planning to become a staffing franchise entrepreneur? If you resonate with these five signs, then the answer is yes.
The staffing industry is growing at a rapid pace, with $147 billion in industry sales only two years ago -- and this number represents a trend that is projected to continue. With the American workforce projected to reach over 163 million by 2022, staffing agencies are positioned to become more and more relevant as a new generation of workers enters the labor force. If you are hoping to open a staffing agency, there is a good chance that starting your own will be more overwhelming than you would expect. Take a look at these six reasons to buy a staffing franchise instead.
1. The Up-Front Investment may be less