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You'll improve the number of individual candidates signing franchise agreements over the next 6 months by up to 30 percent doing a better job with funding, real estate, and territory analysis in the middle of your brand's discovery process.
Here are three action items for recruiters to take with candidates:
In the early part of the recruitment process, which I call the Vision Phase, a good recruiter gets crystal clear about a candidate's goals and life vision, experience, timeline, current financial situation, and decision criteria. A good recruiter helps a candidate understand the business model, industry, unit economics, and traits of top-performing franchisees. At this point, a candidate should feel inspired and excited about the idea that maybe their dreams have a chance of becoming a reality with your brand. They're starting to "see it."
So, what's next? Discovery day? Wrong! Focus on funding, real estate, and territory analysis before a candidate visits the home office to meet with the support team and executives. This middle phase, focused on funding, real estate, and territory analysis is what I call the Grind Phase. This is where a candidate starts to--in a practical and realistic way--connect the dots and color in the picture that was created in the Vision Phase. It's beautiful to see it happen for a candidate.
Consider the three action items above and what you could start doing right now. It could mean up to a 30 percent improvement in signings with stronger, better, and more prepared new franchisees for the support team.
Let's go to work!
Art Coley leads CGI Franchise. CGIF has been helping franchise companies implement and execute repeatable and sustainable recruitment systems for more than two decades through the Recruitment Operating System. Based in Temple, Texas, he works with brands worldwide. Contact him at 254-239-5411 or acoley@cgifranchise.com.