Four Basic Steps to Evaluating a Franchise System

Posted by Janon Otto on Fri, Jan 13, 2017 @ 14:01 PM

franchisesuccess2.jpg

New businesses are formed every day.  And businesses close their doors every day as well!  The chances of starting a blockbuster business on your own are small.  This is why the whole idea of buying a franchise business is a popular one!  Those businesses should have a track record of being successful, and should have systems in place that you can replicate. 

Running a business can be hard work, and it can encompass many challenges that most people have never encountered. But it's arguable that when you invest into a  franchise system, you have a greater chance of success. Plus, most  franchises (like Shear Madness Haircuts for Kids) do offer the advantage of a successful business history and scalability. However, as implementing a salon franchise system does take effort, you'll want to make sure all your questions are answered through doing a little research. 

How can you research a franchise system?  Because our expertise is in a salon franchise - we will address that situation directly, however most of these apply to any type of franchise system.

1.  Contact salon franchises, reach out to the franchisors, and compare business models!  Which one suits your interests?  Which one has the best opportunity for financial success, etc.

2.  Look at the Franchise Disclosure document and the Franchise Agreement.  Many people confuse these documents.  The Franchise Disclosure document lays out the facts about a franchise, how much it costs, the fees, history, current franchise locations, etc.  This document also lays out the details of the training that they offer - this is an important area to compare systems.  The more training, the better!  The Franchise Agreement is the document that you must sign to become a franchisee of the system.  Here is where the fine print details lay.  How is the Royalty collected, how can I advertise, what is my territory, etc.

3.  Talk to current franchisees.  These are the ones who have been through what you are thinking about pursuing.  They are free to tell you actually more than the franchisor can tell you!  The franchisor is bound by rules the FTC puts out about what they can and cannot say to any prospective franchisee.  But, the franchisees can tell you whatever they would like to tell you!

4.  Seek out a franchise business that currently has a long track record of success. Keep in mind that the franchise system itself may be younger than the actual concept itself.  Find out how long the franchisor has had a history with the concept itself.  Have they really figured it out before offering the franchise? For example, here at Shear Madness Franchising, we franchise Shear Madness Haircuts for Kids salons the Franchise system was started in late 2010, but the first salon has been inexistance since 1997!  

We have worked with our franchisees in growing their business, and truly want to help ensure sure they are on a path to franchise success. Why? Because we understand that having someone who can offer expert advice on growth and scalability is one of the significant advantages of franchise ownership!

Are you interested in learning how YOU can join the Shear Madness Haircuts for Kids family and run your own successful small business? We are one of the fastest growing kids hair salon franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies, resources for small businesses, business tips, how to grow a small business, or how to become a successful owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

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Topics: franchise, salon franchise, franchise buyers, buying a franchise, Business Tips, franchising, franchise research, evaluating a franchise, franchise ownership, business success, business skills, franchise success

5 tips to Encourage Healthy Lifestyles in Children

Posted by Matthew S on Tue, Nov 15, 2016 @ 15:11 PM

healthykids.jpgAt Shear Madness Haircuts for Kids, delivering a great experience for kids is our specialty. Whether it's helping them (and their parents) feel great by getting a fantastic haircut, hosting an awesome party, or providing the very best in hair products, hair related accessories, toys and more, we love being able to share a little happiness with the world through what we do best! Because to us, EVERY child matters!

Kids today have a lot of options available to them in regards to food choices, clothing, entertainment, toys, indoor and outdoor activities and much more. Sometimes it seems like it can be a tough job as a new parent trying to wade through all the noise and figure out what's best for your special little girl or guy. As Shear Madness Haircuts for Kids loves working with kids, and because we're parents too, we thought we'd share some of our thoughts on helping encourage healthy lifestyles in your children.

1. Eating Right is Important! Help your kids start the day out with a healthy breakfast for both mental and physical benefits. Each meal is important of course, but breakfast can sometimes be one of those overlooked meals where kids feel rushed in eating it (in order to get to wherever they need to go for the day). It's important to encourage children to slow down while eating, chewing each bite properly. Also, sometimes kids may eat something that isn't so healthy in order to be on their way more quickly too (like a piece of pizza from the previous night, a candy bar, or a can of pop - yikes!). Plus, breakfast can be a great time to talk with your kids and help them get in a good frame of mind for the day ahead.

2. Taking Care of Your Body: In addition to eating right, helping kids know how to properly care for themselves is a great skill that prepares them for a healthy lifestyle as an adult. For example, establishing a habit of brushing teeth in the morning and evening before bed, drinking plenty of water each day, getting plenty of sleep, keeping their environment clean and proper hand and face washing are all important considerations in helping kids build a good foundation of caring for their body. 

3. Exercise, Exercise, Exercise! The benefits of good exercise can never be underestimated for people of all ages in our world today. Biking, walking and running are all good ways for kids to get out and exercise. Don't let the idea of exercise be a boring one either! For example, bike rides, running and walks can be to a different destination every day. You can also play little games as you exercise too, such as trying to spot certain birds as you're out, or counting certain colors of cars. And best of all, a lot of these can be done with your kids. Not only are you both getting exercise, but you're also getting in some great family time too! 

4. Entertainment: With the prevelance of electronic toys, phones, portable games and a huge range of entertainment options through televesion, sometimes kids start thinking that the only way to be entertained is via staring at a screen. However, encourage your kids to get outside and have fun taking walks, building forts, playing with toys outside, making crafts, reading a book, playing a board game, writing a story, drawing a picture or helping mom or dad out with an important task around the house. Sure, it's fine to play with the electronic toys a little each day, but too much may keep kids (and you) from missing out on a lot of other fun experiences!

5. Taking Care of Your Appearance: This one is a fun one, as it's a way for kids to really look and feel great about themselves. Help them learn how to properly comb their hair or pick out an outfit to wear for the day. As they get older, they'll be able to do this on their own - although hopefully they'll still seek you out sometimes for those important questions! But in those younger years, it's a great way to spend a little one-on-one time with your child, and help them see you as a source of encouragement and trustworthy council on helping them feel good before they start their day. And don't forget - at Shear Madness Haircuts for Kids, we offer many great ways to help kids look and feel great about themselves too! We not only have cool haircuts and fantastic hair stylists that encourage and build kids up, but we have a carefully hand-picked selection of hairbows, jewelry, hair products, educational toys and much more designed to help kids feel great!

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Are you interested in learning how YOU can join the Shear Madness Haircuts for Kids family and run your own successful small business? We are one of the fastest growing kids hair salon franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies, resources for small businesses, how to grow a small business, or how to become a successful owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

Shear Madness Brochure

Topics: franchise, kids salons, Shear Madness Haircuts for kids, kids haircuts, kids, helping kids, every child matters, healthy lifestyle

Consumer Trends & Franchising - Franchise Buyers Beware!

Posted by Jim Otto on Fri, Nov 11, 2016 @ 12:11 PM

consumertrends.jpgThere's an old adage on Wall Street, "The trend is your friend". The same can be said for franchises and the customers they are trying to attract. Wayne Huizenga, owner of the Miami Dolphins, is a brilliant business man worth billions of dollars. When building his Blockbuster video chain in the 1980s, he was unaware that the 1990s would usher in  a new and deadly competitor called the internet. Services such as in-home and on-demand movie ordering services, along with Netflix, Redbox and others would soon spell doom for Blockbuster - which eventually took Chapter 11 bankruptcy in 2010.

So how do you spot consumer trends? One way is to constantly keep up with all the new technologies available and to try to always stay ahead of the newest and latest trends. May I suggest a simpler strategy, which is looking for services that consumers consider necessary and that are irreplacable. Several examples of these types of businesses would be haircare, senior or child related services or restoration companies. Take our business at Shear Madness Haircare for Kids, where we provide a service for busy parents that cannot be replaced by the internet! Further more, Shear Madness Franchising LLC franchises Shear Madness Haircuts for Kids salons. We have worked with franchise stores in providing franchisee support (in order to encourage continual growth), and have sometimes seen the unexpected happen!  When it does, we help by identifying and helping with challenges that might arise for franchisees. Additionally, we work to present options that can help prevent these events as well. As many franchise owners may not have opened a business before, having someone who can advise them is a significant advantages of franchise ownership!

Another good question to think about in regards to the potential long term growth of a business is to ask the following: What do people consider a necessity rather than a luxury? Or put another way, if the economy slows down or even goes into a recession, will my franchise business survive? One example of this is how haircuts are something that most people consider a necessity and not an option, and no matter what the economy is doing hair is always growing - and it always needs to be cut! Child care is another one. People will always have a strong desire to have a family. If people spend money on anything in good times or bad, they will ALWAYS spend money on their kids. We can probably all think of companies like Blockbuster whose products have either gone out of style or are no longer relevant. Another example is Borders. Borders book stores unfortunately didn't keep up with Amazon's online book stores, and recently closed most of its locations as well.  Again, it's hard to imagine a time when hair care is no longer a need - no matter what happens with technology.

Shear Madness Franchising LLC, was founded in 2010 to expand the Shear Madness Haircuts for Kids concept that was originally opened by Paula Thurman in 1997. Combining the magic of childhood with kids haircuts, parties, salon services and a fantastic kids boutique filled with toys, hair products, jewelry and more, Shear Madness currently has franchise locations open in Kansas, Missouri, Texas, Iowa, New York and New Mexico. For additional information, please click on our franchise buyer's toolkit below!

Are you interested in learning how YOU can join the Shear Madness Haircuts for Kids family and run your own  small business? We are one of the fastest growing kids hair salons and franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies, resources for small businesses, business tips, franchise opportunities, how to grow your small business, or how to become a owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

Exploring a Children's Salon Franchise

Topics: franchise, franchise opportunity, growing a small business, business growth, franchising, franchise success, consumer trends

September Blog Digest: Starting Your Own Business?

Posted by Matthew S on Mon, Sep 19, 2016 @ 14:09 PM

Sept16BlogDigest.jpgWhen starting a new business by yourself, sometimes it might seem like doing your own research and going at it alone is the most attractive option. But ultimately, this might not be a good idea. Not only could you possibly be doing the wrong research and making investments that might not be financially profitable over the long run, but you just might not have all the necessary information at your fingertips that can help ensure business success! Want to know more? Don't miss the rest of this very helpful article over at: In Business, One is the Loneliest Number! Also, be sure to check out some of our many other latest resources below, or by visiting our ever growing Shear Madness Franchise Blog!

Are you ready to turn your dream into a reality? Shear Madness Franchising franchises Shear Madness Haircuts for Kids salons. We have worked with franchise stores in providing franchisee support (in order to encourage continual growth), and have sometimes seen the unexpected happen!  When it does, we help by identifying and helping with challenges that might arise for franchisees. Additionally, we work to present options that can help prevent these events as well. As many franchise owners may not have opened a business before, having someone who can advise them is a significant advantages of franchise ownership! Click below for our free download - the Franchise Buyer's Toolkit!

Exploring a Children's Salon Franchise

Are you interested in learning how YOU can join the Shear Madness Haircuts for Kids family by starting your own business? We are one of the fastest growing kids hair salons and franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies, resources for small businesses, business tips, how to grow your small business, or how to become a owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

Until next time, have a great rest of the month! - The Shear Madness Team

Topics: franchise, franchising, blog digest, business success, business skills

Blog Digest: What are Franchise Buyers Looking For?

Posted by Matthew S on Thu, Aug 18, 2016 @ 17:08 PM

August16BlogDigest.jpgWhat are prospective franchise buyers looking for when it comes to buying into a franchise system? We opened this question up to some of our Shear Madness Haircuts for Kids franchisees, and this is some of the feedback we received. First of all, Communication is  Key. It may seem like a given, but it's true! Franchise communication is important through all aspects of franchising - from being able to effectively communicate with customers, to being able to have great communication channels between potential area developers, franchisors, franchisees, and everyone in between. As such, franchise buyers should be looking for a communication system that ensures consistency and timeliness of communication. Similarly, a means by which franchisees throughout the system can easily and effectively communicate with each other is also very helpful. Many franchisees join a franchise for the systems and support, so it's critical they get it! To check out more about this topic, please read more atWhat do Franchise Buyers Want and Need? We Asked - Top 8 Answers! In the meantime, feel free to take a look at some of our latest Blog articles for August!

August Blog Resources:

Turn your Dream into Reality! Are you or someone you know interested in learning more about how to become a successful owner of your own kids hair salon franchise business? If so, please click "franchise opportunities", call 1-888-98 GONE MAD, or download our FREE Franchising Toolkit at the link below!

Exploring a Children's Salon Franchise

We hope you've enjoyed our August edition of the Shear Madness Blog Digest. If you'd like to check out our entire library of blog articles, please click on Shear Madness Blog. In the meantime, if you should ever have any questions or articles that you might like to see us discuss in a future blog article, please don't hesitate to call or write us an e-mail. Until next time, have a GREAT rest of the Summer! 

The Shear Madness Team

Topics: franchise, franchising, blog digest, business success, business skills

July Blog Digest: The 3 Must Have Skills!

Posted by Matthew S on Tue, Jul 26, 2016 @ 14:07 PM

kidsfranchise2.jpgDo you have the three "must have" business skills for franchise owners? Many people that contact me are “romantically” attracted to our concept. They love the idea of a cute, fun and brightly colored place to take kids for a great haircut. Or I hear, “I love children, so I was really attracted to this." However, it is a business!  To succeed you need skills too!  Interested in learning just what those top 3 skills are?  Find out by reading here!

Meanwhile, if you'd like to read about a variety of other subjects related to franchising and the successful operation of a small business, please click on Shear Madness Franchising Blog or check out some of the latest articles below!

Turn your Dream into Reality! Are you or someone you know interested in learning more about how to become a successful owner of your own kids hair salon franchise business? If so, please click "franchise opportunities", call 1-888-98 GONE MAD, or download our FREE Franchising Toolkit at the link below!

Exploring a Children's Salon Franchise

We sincerely hope you've enjoyed our July edition of the Shear Madness Blog Digest. As always, if you should ever have any questions or articles that you might like to see us to discuss in our blog, please don't hesitate to call or write us an e-mail. We're having a great day, and we hope you have one too!

The Shear Madness Team

Topics: franchise, franchising, blog digest, business success, business skills

The Big Red Flag of Franchising!

Posted by Jim Otto on Sun, Jul 17, 2016 @ 22:07 PM

Bigredflag.jpgPeople are requesting information about our franchise on a daily basis. The two most often asked questions I get are, “how much does it cost?” and “how much can I make?” These are questions that most interested franchise buyers have the right to know. If I may, I'd like to offer prospective buyers a question that would answer the other two and save everyone a lot of due diligence and research. You see, I think the most important question that franchise buyers should ask is, “How many of your locations have closed?”

Closing locations are the BIG RED FLAG of franchising. Why? Closing locations are a sign of several franchising problems.

Number one (and the one most people don’t ask enough) is that closings are caused because the franchise may not make enough money. This may not even be the fault of the franchisor, it’s just that it may not be a franchisable business model with enough demand from its customers. Remember: most franchising systems need several key components to be successful. The system must be easily taught to someone else, and that person in turn can teach it to someone else. Most successful franchising models create a recurring revenue model that continuous to expand and produce more and more revenue over time. That’s called scalability.

Number two is that closed locations can be a sign of poor support and training. Franchisors that don’t properly train and then support their franchisees usually suffer from lots of closed franchise locations. Running a business is hard and franchise systems that don’t help get their franchises “over the hump” and through the most difficult part of business, the startup, usually have closed locations.

So how do you know how many of a franchisor’s locations have closed?

The FTC requires that a franchise list all of their closings in the back of their Franchise Disclosure Document (also known as the FDD). If there are no closings listed, then make sure that you ask the franchisor to make sure. Under the FTC’s guide for buying a franchise, which you can find online, they'll say that if the numbers show that more than a few franchised outlets have closed, transferred to new owners, or transferred to the franchisor - then it could be due to problems with the franchsor’s support or because franchises aren’t profitable. 

This is not to say that there is a franchising system that exists with no closings. All franchising systems have locations that close. Running a business is hard and it takes lots of time, effort and perseverance to succeed, no matter how good the systems are. Plus, many people just lack the skill it takes to run a business. But if it were me, I'd always be sure to ask the question, “how many of your locations have closed?” Asking that one question will save you a lot of time and money!

Shear Madness Franchising franchises Shear Madness Haircuts for Kids salons. We have worked with franchise stores in providing franchisee support (in order to encourage continual growth), and have sometimes seen the unexpected happen!  When it does, we help by identifying and helping with challenges that might arise for franchisees. Additionally, we work to present options that can help prevent these events as well. As many franchise owners may not have opened a business before, having someone who can advise them is a significant advantages of franchise ownership!

Are you interested in learning how YOU can join the Shear Madness Haircuts for Kids family and run your own  small business? We are one of the fastest growing kids hair salons and franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies, resources for small businesses, business tips, how to grow your small business, or how to become a owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

Exploring a Children's Salon Franchise

Topics: franchise, salon franchise, franchise buyers, buying a franchise, franchise opportunity, how to buy into a franchise, Small Business Franchise Information, how to franchise, franchising, franchisee support, franchise research, haircare franchise, evaluating a franchise, franchise ownership, red flag, franchise success

What a Franchise Buyer Wants?  What do they Need? We Asked - The Top 8 Answers Below!

Posted by Janon Otto on Sun, Jul 17, 2016 @ 22:07 PM

franchisebuyersWhat are prospective franchise buyers looking for when it comes to buying into a franchise system? We opened this question up to some of our Shear Madness Haircuts for Kids franchisees, and this is some of the feedback we received. We hope it helps you as much as it did us!

1. Communication is Key: It may seem like a given, but it's true! Franchise communication is important through all aspects of franchising - from being able to effectively communicate with customers, to being able to have great communication channels between potential area developers, franchisors, franchisees, and everyone in between. As such, franchise buyers should be looking for a communication system that ensures consistency and timeliness of communication. Similarly, a means by which franchisees throughout the system can easily and effectively communicate with each other is also very helpful. Many franchisees join a franchise for the systems and support, so it's critical they get it!

2. Process Support and Education: Running your own franchise can be a challenging, yet rewarding experience. That's why when a Franchisee needs help, especially during the start-up phase, there's a tried-and-true system in place that gives them the support they need. This includes great communication channels with the franchisor and other franchisees, as well as franchise training provided through conferences and monthly meetings.

3. First Class Marketing: Franchisees want to know their marketing dollars are going toward creative, expressive messages that effectively reach their customers and help build their business. Some of these marketing efforts might include social media advertising, traditional advertising (newspapers, magazines, ads in sporting venues), posters for the store to use, banners for outdoor advertising, and much more!

4. Transparency: Franchisees want to clearly see evidence of the franchisor's support of the franchisee's efforts to attain and maintain success. There needs to be the feeling in the franchisee's heart that every day, everyone is working towards success.

5. Independence, Flexibility and Personal Challenge: Many franchisees are seeking to escape the politics, rigidity and frustration of working for others. But they also don't want the risk and harsh learning curve of trying to start a business entirely on their own. Franchisees are also highly motivated by achieving results directly linked to their own creativity and hard work. A successful franchise system allows for all these things!

6. Respect: Each franchisee is going to have different motivations, but ultimately they need to be treated like business owners, and not employees. Franchisees desire the respect of friends, family and peers, and are often a helpful force in the development of new initiatives and programs. Their experience and desire to succeed can also identify emerging trends in their respective industries.

7. Making a Difference: Franchisees often treat their staff as extended members of their own family, and take pride in helping them grow personally and professionally. They also get great satisfaction in helping customers and making a contribution to their local communities!

8. Utilizing Expertise: A franchisee wants to leverage upon the expertise of a franchisor, as well as using the name of an established brand that a franchisor has acquired. A franchisee also expects the franchisor to provide assistance in helping with staffing, training, business planning, operational and business related troubleshooting. This is so the franchisee can accomplish their business goals through an organized business mechanism in the minimum possible time!

There you have it!  If you are evaluating several franchise opportunities this will give you an idea of what to ask about!

Are you interested in learning how YOU can join the Shear Madness Haircuts for Kids family and run your own successful small business? We are one of the fastest growing kids hair salon franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies, resources for small businesses, how to grow a small business, or how to become a successful owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

Exploring a Children's Salon Franchise

Topics: franchise, kids salon franchise, franchise buyers, buying a franchise, franchise opportunity, Shear Madness Haircuts for kids, how to franchise, franchising, franchisee support

Fun Ideas on Marketing to Kids!

Posted by Matthew S on Fri, Sep 18, 2015 @ 09:09 AM

FunideasmarketingEach year, kids are reported to influence around $1 trillion in family spending! And with everything from toys, clothing, jewelry, personal care products (toothpaste, shampoo, cosmetics, etc), to eating establishments, personal care franchises (haircuts, nail salons, and more), it's easy to see why! Kids have an interest in what's new, having fun, and looking and feeling great! So if you're looking for a few ideas on marketing to kids and how to let people know about the kinds of products and services your business offers, consider checking out the following cool and creative marketing ideas!

School is Cool: Find way to let kids know about your business through running an ad in the school yearbook or newsletter. Sponsor a kids club at school by donating supplies for it, or consider helping out with a school fundraiser. And don't forget the Homeschool market! There are many homeschool conventions where businesses advertise kid friendly products and services.

Parades and Town Festivals: There are always lots of kids at parades, town festivals and local fairs! Decorate a cool car and drive it in a parade, or have a booth at a local festival or fair. Consider having a game or two that kids can interact with and win free prizes. Whatever you do, be sure to have fun and decorate in such a manner that it catches kids eyes and gets them excited about what you do!

Contests: Hosting a contest can be a fun way to draw positive attention to your brand. This could involve something simple like a coloring contest (with a specially designed coloring page for your business) to a contest that encourages kids to be creative in making something fun that features your product. Other ideas could include a model contest where parents take pictures of their kids having fun with your product or service. Prizes could include coupons, certificates, free stuff from your store, appearing on your social media sites, and much more! 

Free Stuff: Kids love to have fun and get something for free (that their mom and dad won't say "No" to!). These can be inexpensive trinkets like crazy pencil toppers, silly sunglasses, fake mustaches, foam airplanes, trading cards or even helium ballons branded with your product. 

Sports and More: Kids love sports, outdoor activities and special interest clubs (like lego building clubs and summer reading clubs at the local library). Consider advertising at the local baseball or soccer field, or sponsoring a summer reading program. Possibly look at donating sports related items to a kids team, or outdoor supplies for a scouting organization. 

Geek Culture: Kids (and their parents) today really enjoy a lot of popular sci-fi shows, graphic novels, comics and board games, collectible card games and video games. Consider hosting an event at a local comic book shop, game store, comic book or sci-fi convention. Encourage those from your business who attend to dress up as fun characters, and offer cool sci-fi related gifts branded with your product. 

Interested in learning how YOU can join the Shear Madness Haircuts for Kids family and run your own successful small business? We are one of the fastest growing kids hair salon franchise systems in the industry today! If you would like to learn more about small business marketing, great marketing strategies or how to become a successful owner of your own kids hair salon franchise business, please click below or call 1-888-98 GONE MAD!

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Topics: franchise, Small Business Franchise Information, small business how-tos, growing a small business, marketing strategies, kids, franchising

Effective Franchisee Support

Posted by Matthew S on Fri, Aug 14, 2015 @ 09:08 AM

effectivefranchiseLike any relationship, the relationship between franchisees and franchisors depends a lot on trust and goodwill. Following are some of the key areas that Shear Madness Haircuts for Kids has focused on in building trust and nourishing success for our valued franchisees!

Encouraging Communication: Anyone who feels as if they don't have someone to easily turn to when problems or quesitons arise, will often attempt to find their own solutions. Amongst franchisees, this could not only lead to less brand cohesiveness, but also division and discouragement between the franchisor and franchisee. This is why reaching out to franchisees on a continual basis is so important. Some of the ways the franchisor can do this is through newsletters, e-mail, phone and in-person visits. Handwritten notes congratulating franchisees on recent successes are also always appreciated! However, it's also important to understand that difficult situations may arise, and it's that consistent, open communication that will not only help ease potentially frustrating situations, but also save time and money too!

Encouraging Innovation: Every year, it's important to try to assess the effectiveness of your products and services. If it's discovered that a particular product or service isn't providing the desired results, the careful research and development of new products and services may help stimulate business growth in a new direction! And don't forget that innovating in communication methods can also be helpful. For example, while technology may be intimidating or costly to implement, it's also a great way to communicate through newsletters, e-mail and blogs. Website and company portals can also be helpful in allowing franchisees to quickly access important information or provide feedback.

Meetings: Monthly conference calls and yearly conferences can be a fun and helpful way to foster good relationships between franchisees and the franchisor. These meetings are also a great way to inform everyone on changes within the system, as well as helping stimulate innovation and education. Conferences can be especially effective, as it's a great way for face-to-face interaction with other franchisees, the franchisors, vendors, and more. Conferences can also help build exciting momentum with the offering of new products and innovative plans for the year to come!

Focus on the Franchisee! While growth and developing new products and services is always important, the culture of any franchising system should ultimately be franchisee-focused. Not only is respect for your franchisee critical, but positive communication with them can lead to great franchise relationships and a highly effective team. Let franchisees know that their thoughts are needed and valued by encouraging feedback on new services, products, programs, etc. Maintaining effective communication and providing support for your franchisees can be a full time job, but it helps franchisees know that someone always has their back and cares about their success!

Are you looking for a franchising opportunity with someone who has your back and works hard to encourage your success? If so, why not check out Shear Madness Haircuts for Kids Franchising? Not only do we love to have FUN, but we also love sharing our many great business tips and resources for small businesses so that our franchisees will have the tools to succeed! If you're interested in learning how to become a successful owner of your own franchise business, please click below!

The Top 4 Considerations

Topics: franchise, business growth, nourishing success, business relationships, franchising, franchisee support