Never feel that because a recession is under way that there are no opportunities open to you.
Possibly one of life’s biggest misconceptions is the promise of life time security in consistent employment. These days, if there is such a thing, it is very rare. In the current economic times loss of employment through restructuring or redundancy is a real possibility. So what can you do to minimize the impact of sudden unemployment or worse, decent jobs disappearing completely? Take the bull by the horns and work for yourself.
In bad times, there are always ways to thrive, if you are perceptive and agile. People with business acumen, after all, are noted for finding opportunity in the most unlikely places – why not during a recession?
Some businesses strengthen in times of recession, though few really are “recession proof”. Funeral directors and accountants, for example, can safely assume a recession won’t have much impact on death and taxes. And business paperwork also remains a necessary evil – recession or not bookkeeping & GST returns, payroll & PAYE returns still need to be done.
As the economy slows, businesses are looking for ways to cut back on expenses and as a result are outsourcing services that Smart franchises can step in to supply. Learn about Smart
And we need franchisees to provide these services. Become a Smart franchise owner
Are New Zealand businesses looking a ‘gift horse in the mouth?’
If you search the web, various sites suggest that the full cost of employing someone is between about 40% and 100% of an employee’s salary, in addition to their salary. We thought it might be helpful in the current economic climate to review true cost of employing staff so you can see how much money businesses can save by outsourcing and the opportunities that creates Smart franchise owners. Are you looking a ‘gift horse in the mouth?‘
Employees cost businesses more.
It costs significantly less to outsource compared to employing someone to do the admin in-house.
Whether businesses are coping with a cash-flow crisis, or just looking for ways to improve their profitability, right now they need to:
- Ruthlessly review all costs
- Focus resources on the staff that generate income or billable hours
- Cull non-core, unprofitable activities such as administration
- Cut unproductive, disengaged staff loose
- Improve financial controls, bookkeeping, debtor follow up, stock management and reports
For many of the 300,000+ small to medium NZ businesses that means outsourcing the office is the most cost effective option. And they’ll want a Smart franchise to do it for them.
Smart supports New Zealand business with a unique combination of business services (phones, admin, financial, payroll).
Get the facts straight from the horses’ mouth. Why buy this franchise?
Smart franchises available New Zealand Wide. Multiple-Unit Areas available Auckland, Hamilton, Tauranga & Wellington.
We’re looking for high-energy people that are ambitious and seeking a serious opportunity to build their own serious business (or businesses) with multiple income streams.
If you are savvy, dynamic and confident with sales, management or business experience you have all the skills you need. If you can finance an investment of $100,000+ talk to us – it’s the smart thing to do.
You can leave a reply to this article.
Passionately supporting business owners