Pros and Cons of Buying A Medical Staffing Franchise

art of the Franchise fee, the cost to utilize the companies name will undoubtedly be some where around $25,000. The $25,000 is the Franchise fee, this normally has nothing regarding getting your working environment, hiring employees, paying employees, your marketing/advertising costs, it’s simply the cost the company charges to enable you to use there name.

Does name recognition guarantee success?

No, Franchises inform you that you will have the benefits of established name recognition loyal to the corporation, that is fine and dandy for existing contracts with the franchise, but you will have to develop your personal relationships with the clients. A name in the medical staffing industry has little to nothing regarding being able to provide service continuously and effectively. Your reputation and your capability to generate business is what your success relies on.

Does a franchise have tools and solutions to grow significantly?

Not necessarily, usually when franchises talk about tools and methods they’re referring to manuals they’ll provide for you on the best way to market your company. Many Franchises claim to own proprietary technology to bill and track employees. With today’s marketplace you can find these services easily available and willing to work with you cheaply.

Do Franchises have special forms I need to get started?

Although you will require certain forms to begin with, you may not desire a franchise to provide those forms for you. You have the ability to access those forms online at modest fees. You will find only so many forms you need and as you grow you purchase more forms or contracts, you can then utilize the proceeds from the security franchises company to get more forms.

Are Franchises the sole ones capable of providing 100% funding for temporary employees?

Definitely not, all a franchise did was contract with a vendor that offers factoring. Usually the Franchise isn’t the one who happens to be providing the money. You may find that today there are many companies willing to work with you to cover your payroll 100% and do the billing along with manage your books. Usually there is no fee to cover your invoices; usually a factoring company can deliver the cash for you within days. The fees are often structured within the invoice, quite simply you do not pay anything directly.

Do Franchises have proprietary technology to track employees?

Perhaps they do or perhaps they don’t. Again, online companies offer Internet based employee tracking software. The fees for this service can range between $50 – $300 with respect to the size of your company. If you are small, then perhaps $50 monthly will cover your initial importance of technology to track and manage your work force.