The logic goes that it becomes easier to recruit great franchisees during a recession. Economic and labour market turmoil draws people out of stable employment and into thinking self-employment might be an improvement. But just because there are lots of people out there looking to purchase a franchise or franchises does not mean that any of these people will make amazing additions to your business.
So, how can you make your franchise recruitment strategy a success?
Read MoreBack in the day I was involved in a couple of projects that modelled the financial strength of local and national governments for a rating agency. We built a system that on the face of it looked like Excel but did a lot of other stuff in the background to produce a detailed assessment of each entity. The system used something called a recursive algorithm to calculate the formulas.
A recursive algorithm effectively calls itself over and over again to process data. So in the case of formula calculation it would find all the components of a formula, then look for the components of the components, then carry on down the tree until the final set of components that don’t have other components is reached.
Read MoreHow many of us have been on a dodgy training course? As a very experienced training professional I am happy to confess to being really rather fussy when I attend other people training. I am probably your typical nightmare attendee, sitting at the back, or these days in the corner of a Zoom meeting carping away about how I could have done it better. And in the current climate, why would a savvy business want to waste money on training that fails to hit the mark or improve performance?
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