Ever heard the saying, slow and steady wins the race? It applies a lot to franchising. When I was a stockbroker, guys in the office were always coming up with a “hot” stock pick. Most of the hot stock picks my clients and I invested in never worked out. Sure, they may have gone like gangbusters for a while, but they usually flamed out after a while and plummeted back to earth - and took my money with them! Meanwhile, the older guys in my office were always buying Blue Chip stocks, which means that these were stocks with steady companies in steady industries that did well in any environment. This is why I think there's an interesting comparison here between franchising and buying stocks.
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YES! Spring is here and we're having a blast! Here at Shear Madness Haircuts for Kids, we hope you are having an absolutely amazing April too! It's hard not to smile with warmer temperatures, flowers just starting to grow, longer days and much more! And things are certainly heating up with a lot of awesome events going on this month at your local Shear Madness store! Don't miss out - read all about it in this months very cool Madtropolitan Mouthpiece!
Read MoreDespite franchising being a safer way of doing business, it doesn't mean that it's risk free! Because of this, it's important when researching franchises to carefully look at your options, and find out which franchise systems could cause you major problems over the long run - and which franchise systems will provide you with a great formula for franchise success! Below are some of the top problem areas in why a franchise might struggle.
Read MoreFranchise Fee - What does this pay for?
Written by Jim Otto
"What is the Franchise Fee?" This is perhaps one of the most common questions asked by a potential franchise buyer. And while this is certainly one of the considerations when researching a franchise system, it's definitely not the most important figure to look at. Why is this?
FREE DIY Nail Stations! Are you looking for a memorable St. Patty's Day activity to do with your kids? If so, why not visit your local Shear Madness Haircuts for Kids and check out our DIY Nail Stations (at participating locations)? This awesome event will take place March 16th and 17th (Wednesday and Thursday), so be sure to get it on your calendar! It's sure to be a lot of FUN!
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