Thursday, September 25, 2014

Tips for Opening Franchise

Do you want to start your own business and be an entrepreneur so that you can be your own boss but aren't interested in starting from scratch with a brand new company? If so, you may be thinking about starting a franchise, such as a Cold Stone franchise or something else along those lines. No matter what type of place you want to run, you know that the key is finding top talent when looking for employees and then retaining the best ones. A low turnover rate means that the business will run well consistently and that you will have to spend less time finding workers. So how do you do it? These tips can help. 

1. Communicate with your employees. 
When your workers are doing everything right, make sure that you tell them. When they are making mistakes, talk to them about that, as well. Not only does this help to make them better workers, but it gives them incentive to stay. Employees like to have a boss who communicates with them so that they know what they should be doing at all times. It makes them feel wanted and appreciated. If they feel ignored or overlooked, they may start searching for another job. 

2. Show them that they can move up. 

There are different levels for workers in any industry, whether they are just starting out, working as a supervisor for a certain shift, working in overall management or something along those lines. Make sure that your workers know that they can move up into these positions, gaining more authority and increased pay as they go. One of the biggest reasons people leave their jobs is that they feel like it's a dead end. They think they have to leave if they want to move up at all and improve their quality of life. If employees know that they can do that by staying with your company, that is far easier for them, and they will stay. 

3. Create a positive work environment. 
There are times when work is going to be stressful. You can't fully avoid that. However, you want to create a positive work environment so that people enjoy their jobs and so that they like the people they work with. This can help reduce stress, and one of the biggest reasons people stay in jobs is because they like their coworkers.