Growing up, Tony Alarcon wanted to follow in the footsteps of two men: his father, a “Seabee” in the United States Navy, and John Wayne, who played one in his 1944 film, “The Fighting Seabees.”
One of the many reasons people become franchise operators is to spend more time with and better support their families. However, before you embark on any new business venture, you’d better get their support.
That’s because transitioning from the workforce to franchise ownership is a big change that can impact not only your career but also your family’s finances, schedules and lifestyle.
So if you’re thinking about making the switch, make things as easy as possible for you and your family by taking these five tips to heart. Continue reading “Preparing Your Family For Your New Franchise”
After you select the right franchise for you, you need to select the right employees for your franchise. That’s because the quality of your hires can have a massive financial impact on your franchise’s performance.
Unfortunately, many employers — from small businesses to Fortune 500 companies — make bad hiring decisions. According to a CareerBuilder study, 66 percent of U.S. companies have reported making a bad hire. Even more unfortunate is the fact that these poor hiring decisions have cost businesses big time. Research shows that the wrong hire can cost anywhere from two and half to five times that employee’s annual salary when you factor in recruiting costs, on-boarding time and expense, productivity losses, replacement costs and other items.
So how can you make sure you make the right hire? By following these proven steps. Continue reading “How To Hire For Your New Franchise”