The logic goes that it becomes easier to recruit great franchisees during a recession. Economic and labour market turmoil draws people out of stable employment and into thinking self-employment might be an improvement. But just because there are lots of people out there looking to purchase a franchise or franchises does not mean that any of these people will make amazing additions to your business.
So, how can you make your franchise recruitment strategy a success?
Read MoreThe logic goes that it becomes easier to recruit great franchisees during a recession. Economic and labour market turmoil draws people out of stable employment and into thinking self-employment might be an improvement. But just because there are lots of people out there looking to purchase a franchise or franchises does not mean that any of these people will make amazing additions to your business.
So, how can you make your franchise recruitment strategy a success?
Read MoreBack in the day I was involved in a couple of projects that modelled the financial strength of local and national governments for a rating agency. We built a system that on the face of it looked like Excel but did a lot of other stuff in the background to produce a detailed assessment of each entity. The system used something called a recursive algorithm to calculate the formulas.
A recursive algorithm effectively calls itself over and over again to process data. So in the case of formula calculation it would find all the components of a formula, then look for the components of the components, then carry on down the tree until the final set of components that don’t have other components is reached.
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