FPC National Executive Recruiting Franchise Info: The Top 10 Questions Answered
Following are the top 10 questions that prospective FPC National Executive Recruiting Franchise Owners ask us. If you don’t find the FPC franchise info you’re seeking on this page, please call us at 800-886-7839 and we’ll be happy to answer all of your questions.
What is the profile of a typical FPC Franchise owner?
The majority of our owners have generally worked in the corporate world for a number of years. They have held mid- and high-level positions, and been responsible for major business decisions. When contacting FPC, they find themselves at a career crossroads.
They have established a consistent record of success, but may now be tired of the bureaucracy of corporate life, or the results of downsizing, or too much travel, or the lack of income growth and leadership potential. New franchise owners have the support and encouragement of their families. They are goal oriented, possess positive attitudes and strong work ethics. They are also excited about joining a supportive and encouraging network of colleagues.
How long does it take to open an office?
Approximately 30-120 days. Once your Franchise Agreement is signed, we provide you with our New Owner Checklist, a step-by-step guide to ensuring that your new business opens smoothly. Our staff assists you through the complete process of opening your new office. The goal of this procedure is to have your office ready for business the day you return home from your two-week intensive training program in New York.
In which industries and disciplines will I specialize?
The selection process for your office's specialties begins the moment you join our system. Although some owners concentrate in industries with which they are acquainted, many select ones that are new and unfamiliar. Through extensive discussions with the FPC staff, new owners choose their specialization based on a variety of factors, including areas of growth, potential for utilizing the exchange system, and personal comfort level.
What kind of training will you provide?
The initial training class at our corporate headquarters in New York City is typically two weeks long. During the training you will learn about the intricacies of the recruitment business. You will also learn successful strategies for the day-to-day operations of your new office. If additional time in New York is requested, the initial training period can be extended to accommodate new owners' needs. In addition, we provide another week of training at your office location. This on-site training includes working with your new consultants, setting goals, and establishing a solid foundation on which to grow. Training continues throughout our relationship, including frequent phone contact, periodic office visits, regional seminars and an annual owner’s conference for all FPC Owners nationwide.
Can I operate the business out of my home?
Executive recruiters spend their days speaking with corporate decision-makers; we have found that a professional setting greatly contributes toward their credibility and success. An established office is also the best way to attract and retain top-level, professional recruiters. FPC’s policy requires that all offices be located in a commercial building or freestanding structure.
Do offices work on a contingency or retainer fee basis?
Both. Most FPC offices work on a contingency basis, whereby a recruiter’s fee is based on a percentage of a placed candidate’s first-year compensation. Owners who work on a retainer fee basis are paid a guaranteed fee at the time the job order is placed. In some situations, an office may be working on both a contingency and retainer fee basis.
How do I find, select and train consultants?
FFC works hand-in-hand with new and established owners to help them build and grow their businesses. Top consultants can be the backbone of a solid office. We assist you with the entire hiring process, including advertising, interviewing, and selecting the right people for your franchise. Once a consultant joins your office, FFC will provide training to your new staff member, furnishing the necessary tools to attain realistic and achievable goals. We encourage your consultants to call our 800 hot-line at any time for advice and answers to questions.
How long will it take for me to see positive cash flow?
New York State franchise law prohibits us from making earnings claims. During your training class, you will develop a business plan for your office which sets budget, P&L and production goals. This plan can help your office reach your financial objectives.
How much is the initial start-up investment?
Please call FPC to discuss the benefits offered to you as a franchise owner.
How do I get started?
Call us today to set-up an appointment to visit our offices in New York City for an introduction. We will give you an overview of FPC and what to expect as an FPC Franchise Owner. We will walk you through the day-to-day operations of the executive recruiting business, give you an opportunity to meet our team of trainers, and provide you with the information necessary to determine if executive recruiting is for you.