Why You Need Employees to Grow Your Franchise Business

By Cindy Rayfield

When I talk with clients about the type of business they want to invest in, usually everyone involved in the decision will agree about one thing – employees can be the biggest challenge and they may not be up for it.

Many of my clients – in fact I would say most of them – say they want zero to few employees in a business because – people. Dealing with people can be hard. I know this is true from personal experience.

The reality is, some businesses actually require employees, and if you, as a business owner don’t want to work IN the business but ON the business, then you have to rely on a team.

As a business owner, you will be tempted to try to do everything yourself if you have the skills. But having employees can actually supercharge your company’s growth and success. Here’s why you need employees to scale up:

1. More Hands Make Light Work
   Employees allow you to delegate tasks and focus on operations that make your company grow. Employees may have specialized skills and bandwidth allowing you to offload the day-to-day activities.

2. Increased Capacity Drives Growth
   By hiring staff for customer-facing functions like sales, marketing, services, etc., you can massively expand your ability to grow your business through marketing, leadership and operations. Employees can turn the business into a machine.

3. Automatic Income Without You
   With the right employees in place, your business can run smoothly without you needing to be present. Isn’t that why you went into business anyway? This allows you to enjoy the business ownership lifestyle – maybe not right away, but over time and with growth, you are afforded this benefit as an owner.

4. Fresh Perspectives, Innovation and Coverage
   Employees bring new ideas, energy and approaches, along with their physical presence to run the operation better than you could by yourself. Their talents and input may also allow you to expand your products and services, which means more revenue. A diverse team makes a resilient business that doesn’t necessarily rely on you all the time.

5. Multiplier For Business Growth
   Having employees isn’t just about easing your workload. It’s a gamechanger for rapid growth and scalability with more people creating revenue. Investing in the right team leads to exponential results.

6. Create a Valuable Asset for Sale Later On
   Employees can help a business grow and create value for a potential resale down the road. You may have just built a machine with the help of a team, and other investors like to buy smooth running machines. Create value by utilizing employees.

The results speak for themselves. Employees make a fully functioning business that can grow without you, and that, my friends, is why hiring employees just might be the best decision you can make for your business and yourself.

If you would like more info on buying and growing a business, schedule a call with Cindy Rayfield at bit.ly/schedulecindy.