Consider your current situation
| ? | Do you have your own agency and have achieved success to date? |
| ? | Is your agency growing at a slower rate than previous years? |
| ? | Would your returns be greater if you could save on back office administration costs and have more time to focus on the business? |
| ? | Can you successfully win and retain national tender business? |
| ? | Do you find it difficult to attract and retain your staff? |
| ? | Do you feel your agency faces the grow or go question? |
| ? | In the future, should you wish to sell your agency will your departure from the agency have a negative impact on the price you can receive for it? |
Consider your options
A. You could continue on working as you are.
If your business is focussed in a niche area (low volume/high value) that is relatively untouched by competition in the recruitment market and it is more of a lifestyle choice it would be unlikely that you would get much value from an Extrastaff franchise.
If on the other hand you are in a far more competitive sector of the recruitment market and are experiencing a slow down in your growth rate then it would be worth considering an Extrastaff franchise as one of your options.
B. You could partner with other interstate agencies.
Aligning with another agency may be a straight forward way of obtaining national coverage and hence nationally tendered business. There are also informal networks that you can join to obtain a national presence.
In reality, it is a very hard sale to achieve as it generally does not meet the clients’ (or candidates) expectations of a single supplier to deal with. Additionally, it is very difficult to sustain informal or more formal joint ventures with other agencies over the long term due to the alignment of each agencies priorities. What happens to your ability to retain national clients when the interstate agency that you partner with decides to open an office in your state?
C. You could convert your agency to an Extrastaff franchise.
If you are looking for growth opportunities both for your existing operations and for the future and see the benefit of having a highly efficient recruitment agency then converting to an Extrastaff franchise may well be of interest.
An Extrastaff franchise represents a genuine option for people who currently have an established agency and are looking to take their business to the next level. The franchise covers all life cycles of start up, running, growing and selling a recruitment business.
