Attention Entreprenuers : Reinventing your Career is Easier than you Think
Buying an existing business such as a franchise, is one of the smartest choices today's entrepreneurs can make. Let's face it, MOST new start up businesses FAIL within the first year. Why is this? Let's be brief:
1. If you ask most successful entreprenuers the most difficult part of getting their business up and running is implementing the systems. With a franchised business all the systems are already in place for you to follow.
2. Inadequate Knowledge and Experience - There is no substitute for knowledge through experience. Usually when entreprenuers start a business they can expect years worth of struggle to aquire the learning curve necessary for success. Buying an existing business that has already safely overcome that learning curve can eliminate a LOT of trial and error that buries most entreprenuers within their first six months.
4. Poor Money Management - If this needs further explanation then you are not prepared for entreprenuership.
5. Spreading yourself too thin - Running any business is difficult. The first tendancy for most new business owners is to save money by doing everything themselves. Your mantra should be Do what you do best and outsource the rest!
Investing in a franchise system can be a great opportunity for entreprenuers. And NO, it doesn't mean you need to go spend a million dollars to open a McDonalds!
In the franchise world there are many options. Choosing among all the categories alone is a challenge! However, one category that many times is worth evaluating is the children's hair salon business! Why? Well, every kid needs a haircut now and then! Most sectors of the salon industry are flooded with competition, but not the children's salon industry! - AND it does not appear that the internet is going to be able to replace haircuts anytime soon!
If you would like to receive a FREE whitepaper designed to help when evaluating ANY franchise click HERE!
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We're having a great day at Shear Madness, we hope you have one too!