Survey: Small Business Owners Lay Off Less, Hire More
April 19, 2010 // Franchising.com // CINCINNATI, OH - Small business owners across the U.S. are starting to show signs of job growth, according to a survey conducted by The Growth Coach, a business coaching franchise system that serves several thousand small business clients annually in more than 150 markets across North America.
Based on survey responses of The Growth Coach franchise system, 37 percent of business coaches reported that their small business clients (defined as less than 100 employees) plan to hire new employees during the second, third, or fourth quarter of 2010. In addition, of the open positions small business owners plan to fill 36% will be new jobs to support growth and 44% will be replacement positions for previous employees.
As small business owners prepare to hire more employees, the survey also highlights that 70 percent of small business owners have no plans to lay off any additional employees during the remainder of 2010.
"Our franchise owners coach thousands of small businesses around the country, which provides us with tremendous insight on the big picture," said Daniel Murphy, President and Founder of The Growth Coach. "From time to time, surveying our franchise owners about how their business coaching clients are navigating in the economic climate, such as the job outlook, gives us important feedback and perspective. This helps us continue to guide and coach our clients in "best practices" and effective business management strategies to reach their professional and personal goals."
The Growth Coach specializes in providing affordable group coaching workshops to business owners and executives utilizing its proprietary Strategic Mindset® process. In addition, they provide face-to-face coaching, Coaching Club (tele-coaching), as well as coach entire sales teams and management teams to be more effective with a strategic-focusing process. All initial coaching services come with a 100 percent money-back guarantee. The coaching process helps clients gain clarity about where they want to go, develop continuous action plans to get there, and receive on-going accountability to stay on track.
Founded in 2002, The Growth Coach is the only pure business coaching franchise system with the single purpose of helping drive the success and balance the lives of business owners. Their goal is to help clients gain greater focus and leverage so they can work less, earn more and enjoy more fulfilling lives. Clients include small business owners, franchisees, self-employed professionals, high-end sales and financial services professionals and managers from businesses of all size. Through an expanding national accounts program, The Growth Coach serves franchise systems, dealer networks and associations. With a presence in more than 150 markets across North America, The Growth Coach encourages diversity within its franchise system, as well as the development of small business and franchising worldwide. Currently, The Growth Coach is a member and/or affiliated with the following professional organizations: International Franchise Association, SBA Franchise Registry, VetFran, Minority Fran and is listed in Bond's Minority Franchise Guide, 2010 AllBusiness.com AllStar Top 300 Franchises, and Entrepreneur's 2010 Franchise 500®.