Home
>
Strategic Planning
>
College Students and Graduates to Run Company Outlets or Franchises

College Students and Graduates to Run Company Outlets or Franchises

Does your overall business strategy include the recruitment of college students to run your locations? Are you a franching company and looking for young, talented, hardworking and dedicated franchisees? There are some things to think about before you deploy such a strategy. There are both positives and negatives to focusing your recruitment efforts on college students, for instance best reason's to use college students include some of the following:

They May Have Rich Parents Who Can Pay Outright For A Franchise;

They May Have Parents Who Are Willing To Co-Sign For A Franchise;

They are Young With Plenty Of Energy;

They Have Little Business Experience And Will Not Try To Rewrite Our System;

They Are Used To A Very Structured Environment;

They Want To Succeed;

They Might Have A Business Degree;

They Are Sociable Animals And Good With People;

They Will Study Our Operations Manual Cover To Cover;

They Will Make Two To Three Times As Much With A Franchise Than Their First Corporate Job;

They Love To Have Fun And This Is A Fun Job.

There are a few drawbacks to be wary of. These are things, which have been observed by me while giving speeches at colleges to MBA students. They are as follows:

They Have Been Brain Washed Into Believing Corporate America Is Where It Is At;

Many Think A Few Business Classes And They Know Everything;

Some College Students Have Never Even Had A Job;

Many Are Only 21-23 Years Old And Have Little Real World Experiences.

If you are focusing on this labor supply or recruiting these young adults into your organization as middle managers, store managers or franchisees you will need to try and turn some of these negatives into positives. First, you need to show them that by owning and managing a franchise operation, they will be more valuable to corporate America in the future. You need to show them that they will make many business contacts by running this business and have experience to put on a resume. They will meet Human Resource directors in the area and gain incite into the real world of business. If you are recruiting these kids to run store operations as a manager in charge of an outlet then you need to show them how this experience they will learn such as working directly with customers, problem solving at the counter, understanding human organizational management and learning responsibility for sales quotas and quarterly objectives at the ground level is what Corporate America really needs in their unending push for shareholders equity, quarterly profits and growth in the market place.

These students think they understand business. You will need to stroke their egos for a while and tell them how valuable they are with their education and then blow their minds with your incredible business model and customer service by showing them you are on the leading edge of high tech information systems, quality product lines, efficient distribution systems, advanced marketing techniques and state-of-the-art service equipment. They will go home and throw away their text books or have a garage sale and this is exactly what you will need to have happen and when it does you know your recruiting techniques are paying off.

Many students have never even had a job. This is good because they will not have picked up any bad habits. Perhaps you could have them work at McDonald's for three weeks. Show you us three paychecks and then we will sell them a franchise.

Most B.A. or B.S. degree students are only 21-23 years old. They have no real world experience. They believe that with their degree they can change the world, that they can make a difference. You will be saving them from themselves, letting them learn how the world really works. Then maybe they can change the local world a little. These kids get out of school and they are so idealistic. They are trying to think globally with visions of grandeur. You really need to focus all that energy and mind power locally, helping the community and securing customers at the unit or store level. It will absolutely make your business recession proof and famous. Together with thousands of units and stores across the landscape with young adults who have that youthful energy to burn, their dream won't die. And your company stores or franchise system will soar, because, together everyone accomplishes more (TEAM).

Sometimes students get half way through and see school for what it's worth. It's a very excellent way to get a good job, but very limiting. Many drop-out, disenchanted, saving their parents thousands of dollars. The parents can then invest this money in a real opportunity that will propel their offspring into more instant success perhaps purchasing a company franchise from you? You do need to watch however, if the reason for dropping out of school was due to lack of discipline, alcoholism or drugs. Your company is no place for that low level of commitment or integrity. Of course the parents of such drop out offspring may not be willing to co-sign for a franchise and this might be an indication of faith in their offspring and added commitment for your company. On a managerial standpoint a college degree program drop out may have done so due to lack of funds to work and go to school at the same time, meaning they can still take courses while running one of your outlets thus you get the best of all worlds, they will be with you for four more years finishing their degree and you will get the benefit of this added knowledge at the local unit level. Once completion of their degree you will then have time to evaluate them for advancement up your corporate ladder, thus everyone wins.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs

shuttle to Midway Beardstown .. Lockport Chicago limo O’Hare

In The News:

The FBI has issued a warning that scammers are impersonating doctors, police and banks using spoofed numbers as "smishing" texts surge nationwide.

Communities with unreliable internet service stand to gain after Amazon's Project Kuiper launched its first full batch of satellites into orbit April 28.

Tech expert Kurt “CyberGuy" Knutsson says unsubscribing from spam might actually backfire. Learn when to avoid it and stop junk effectively.

Tech expert Kurt “CyberGuy" Knutsson talks about how the first nonstop beating heart transplant, called zero ischemic time, at Taiwan hospital changes surgery.

Kurt “CyberGuy" Knutsson: FBI warns of "time-traveling" hackers.

Kurt “CyberGuy" Knutsson talks about a soft, vine-like robot called SPROUT that aids safe survivor rescues in collapsed buildings.

Health insurance giant Blue Shield of California confirmed it had been sharing private health data of 4.7 million users with Google for three years without even realizing it.

Delta and JetZero’s blended wing body aircraft marks a meaningful step toward a cleaner, quieter and more efficient future for air travel.

Recent reports show many common passwords can be cracked in literally seconds. Kurt the CyberGuy explains how to strengthen your passwords.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Iron, a robot that stands 5 feet, 8 inches tall and weighs 154 pounds, combines advanced artificial intelligence with human-like movement and exceptional vision.

Hertz, the rental car giant, recently confirmed that customer information was exposed through a cyberattack on one of its software vendors.

There are a number of features with AirPods you may or may not know about to take your listening experience to the next level. Kurt the CyberGuy explains.

These 35 Chrome extensions have privacy and security concerns. Tech expert Kurt “CyberGuy" Knutsson says to delete them now.

Tech expert Kurt “CyberGuy" Knutsson says 329,000 mph fusion rocket promises to be fast, disruptive and enable deep-space missions.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tech expert Kurt “CyberGuy" Knutsson says a new autonomous AI is a game changer that also raises privacy risks. Is your data safe?

Tech expert Kurt “CyberGuy" Knutsson says robots and drones are revolutionizing fruit farming with faster picking and smarter handling.

Landmark Admin revises May 2024 cyberattack scope to show twice as many people were affected. Kurt “CyberGuy" Knutsson gives tips to help stay safe from an insurance data breach.

Tech expert Kurt “CyberGuy" Knutsson talks about how Yamaha’s hydrogen outboard motor could revolutionize boating with zero emissions.

Tech expert Kurt “CyberGuy" Knutsson reveals how to memorialize or remove a deceased loved one’s Facebook account and protect their digital legacy from misuse or scams.

Tech expert Kurt “CyberGuy" Knutsson says an Apple Watch saved psychiatrist Amanda Faulkner by detecting deadly leukemia early.

Scammers and fraudsters are increasingly targeting the most vulnerable, especially nursing homes and the personal data of their residents. Kurt the CyberGuy has safety tips.

Infected USB flash drives can spread malware among multiple organizations in ways that can easily bypass traditional security systems.

With a fully automated warehouse system and AI-powered robots, Ocado's Hive picks, packs and delivers grocery store orders in just a few minutes.

College Students and Graduates to Run Company Outlets or Franchises

Strategic Planning