Why do you say that Patrice & Associates is recession resistant?The hospitality industry has grown exponentially over the last decade and is predicted to be the top 5 service sectors industries through 2020 by the Bureau of Labor Statistics. In fact the restaurant industry employs 14 million people daily, and still can’t keep up with the pace at which new establishments are opening. Hospitality is 2nd to the US government in terms of employment. Recruiting in the Hospitality Industry is unlike staffing in any other industry sector. Hospitality isn’t as affected by the cyclical nature of the US economy as other industries. In the words of our recent franchise candidates. “During the most recent economic downturn, the waiting lines at the restaurants didn’t go away!” While no one claim that any industry is truly “recession proof” this industry is projected to grow long into the future. And there is also a “tighter” labor market in hospitality meaning that restaurateurs and proprietors depend on us to help them find the best possible talent.
I’m not sure if I should pursue a job or invest in a franchise. Isn’t franchising risky?We once thought going to work for a company and staying until you get your retirement pension was a great way to plan for the future. In today’s world, employers are less loyal especially in volatile industries and economies. There is no guarantee that if you get a job you’ll keep it for more than a few years. While there is risk in any franchise investment, there is also risk in staying in the job market as well. And where there is risk, such as investing in franchising, there is also reward. The best way to build your Income, Lifestyle, Wealth and Equity is by taking control of your own destiny. And one of the better ways to do that is through franchising, where you have a recognizable brand name, a proven operating system and the great training and support of a franchise. And with Patrice & Associates you also have mitigated that risk because of all clients we provide our new franchisees. We provide an instant business from day 1 of training so cash flow is faster than starting your own business.
Why should I buy a franchise vs doing this on my own?In franchising, you are provided a recognizable brand name, a proven operating system and on going training and support. We have made the mistakes and figured out what works. By starting your own business, you don’t have the benefit of our rich history of success nor can you take advantage of our economies of scale. Patrice & Associates is the “gold standard” in hospitality recruiting. As an unknown entity it would be difficult for you to establish the reputation with both prospective clients and candidates. In addition. You would have to do everything yourself, from finding and selecting the right partners, CRM system, business development, billing and collections, etc.
Do I have to hire recruiters?This business can give you whatever you are looking for at whatever time of life you’re in. You can work the business yourself, hire recruiters when you are ready or open an office if you want to expand. At some point you may want to expand your business with recruiters to build a sustainable revenue stream.
I understand you provide clients and job orders to your franchisees, however, doesn’t everyone compete for the same jobs?A common misconception is that everyone is working the same jobs (corporate accounts). Many of our clients have multiple positions available in any given market. The fact that one franchisee/recruiter is working a job order, does not mean the client is satisfied with the number of candidates they are seeing. Generally clients want to see “more” resumes” than less. We have more job orders than we can fill. In addition, as newer franchisees begin to develop their own accounts that are not open to the general franchise community, they tend to work less of the “corporate” jobs, thereby opening up more jobs for the newer franchisees and recruiters to work.
How many recruiters can each franchisee engage?There is no limit to the number of recruiters per location. You can hire recruiters who work from their homes anywhere in North America. There is no limit.
How are recruiters compensated?Most recruiters are paid a small training wage during their ramp up, and then are compensated on a 100% commission basis. Patrice & Associates has several examples of suggested compensation plans as well as a Hiring Recruiter Toolkit made available exclusively to Patrice & Associates franchisees.
There’s a lot of teamwork. You know, all of that is great. We help each other, which means we have partners. That’s particularly important when you’re just starting out.