Top 5 Plus Reasons to Own a Franchise!

Posted by Janon Otto on Wed, Jun 13, 2018 @ 13:06 PM

5reasons.jpg"YOU ARE DOING WHAT!? That's the question we heard most when we told our friends and families that we were franchising a Shear Madness Haircuts for Kids," says Janon Otto CEO of Shear Madness Haircuts for Kids Franchising - as well as a multi-unit franchisee for Shear Madness Haircuts for Kids. "They would also ask us what franchising is, and if we had gone crazy! Looking back, it's obvious that although there are franchises all over the place, most people have no idea what a franchise is. That's why the Shear Madness Haircuts for Kids franchising toolkit (available below) is so important. It really helps explain what franchising is, as well as the advantages of owning your own franchise business."

Ultimately though, it's important to understand that a franchise is a business model. When a business owner decides to expand their business, they have options.  One of those options is to franchise.  Franchising allows others to own their own company yet use the name, logo, and systems of the franchise business owner (the franchisor). And although a franchisee is responsible for the success or failure of their franchise location, there are some significant advantages to franchise ownership. This includes the following...

1. The franchisee doesn't not have to come up with their own unique business idea!
2. The franchisee can use the systems that have already been developed and used successfully by others, which dramatically shortens the learning curve!
3. The franchisee gets training and support with a business partner who knows and cares about the success of their new business.
4. If the franchise system is progressive, the franchisee doesn't have to worry about ongoing costs or keeping up with trends needed to develop the concept further, as the franchisor is responsible for this. Meanwhile, as the system grows, the name brand recognition grows - thus growing the business of the franchisee!
5. Tools to use for advertising and graphic design / marketing is usually provided as well.

And there is a BIG bonus to being in touch with business owners who are all trying to do the same think you are is a wonderful thing - many heads are much better than one!

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 business success), 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 advantage 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 salons in the industry today! If you would like to learn more about this franchise opportunity or small business marketing, great marketing strategies, resources for small businesses, franchise success, how to grow your 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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Exploring a Children's Salon Franchise

Topics: smart investments, franchising, franchise opportunity, kids hair salon, kids haircuts, owning your own business, why buy a franchise, business success, franchise ownership, franchise success, evaluating a franchise, franchisee support, business growth, small business how-tos, how to begin a business, franchise buyers, franchise

10 Reasons to Invest in an AWESOME Shear Madness Kids Hair Salon Franchise!

Posted by Matthew S on Thu, Nov 16, 2017 @ 12:11 PM

Wowfranchise-1.jpgWelcome to Shear Madness Haircuts for Kids Franchising! Not only do we offer an amazing franchising system that can potentially offer an impressive return on your investment, but we really do value being able to help make a positive difference in the lives of kids and their parents. From stylists who truly care about their customers, to franchisees who work hard at helping make a positive difference in their communities, Shear Madness Haircuts for Kids is THE kids hair salon where EVERY child matters! But we also understand that while the concept is important to a potential franchisee, they also want to know how owning a Shear Madness Haircuts for Kids might be a sound business investment too. That's why we thought we'd put together the following list of ten reasons why Shear Madness isn't just a cool place for kids (even though it definately is that), but it's also a concept that may potentially translate into long-term financial success! 

A Record of Success: Franchisors like Shear Madness Haircuts for Kids will have a proven record of success. Through years of experience marketing to their customers, they usually understand what works - and what doesn't. Through becoming a franchisee, you automatically gain this valuable business advantage.

Robust Industry: Shear Madness Haircuts for Kids offers services that are in high demand. The children’s segment of the recession resistant Hair Salon Industry is one such example, It's currently worth around $19 billion. To date, there are around 45 million kids in the Shear Madness age group – and this is expected to grow by about 7 million by the year 2020! 

Marketing Support: Ask anyone who runs a business, and they’ll tell you that marketing not only takes a lot of time – but can cost a lot of money too. However, an effective marketing plan is critical in letting the community know about what your business does, where it’s located, and so much more. For example, Shear Madness Haircuts for Kids understands this, and offers great resources and strategies to help businesses attract new customers.  

Buying Power:  Franchisors usually have experience in knowing what products sell well and what don’t. Additionally, they have the knowledge on how to negotiate for the best prices on everything needed for the successful operation of the business. Many times the sheer number of franchise locations allows the franchise to negotiate for better pricing.

Store Location: Where to locate is an important question any business owner should consider. Franchisors help study your community in order to help you find the best possible location for success.  They know the numbers and other criteria that allow for the possibility of a successful franchised business.

The Brand: A franchise brand is a powerful tool. As an example, the Shear Madness Brand is one that is instantly recognizable as being fun. Those who own a franchise with Shear Madness are automatically connected to the tens of thousands of parents and children who love who we are and what we do. This translates into many repeat customers who share with friends and family about their great Shear Madness experience! 

Building your Store: One of the benefits in buying a franchise is the franchisor's expertise  in designing the layout of a prospective business, working with the right contractors, and knowing how much furniture and equipment will be needed. Again, this helps a business owner save time, money, and keeps the headaches to a minimum! 

Networking: Franchising can be a little like a group of trusted friends, and should be a great environment of sharing and building each other up. Franchise owners who work with other franchisees and communicate what works and what doesn’t will have a competitive advantage over those who don’t! 

Training Support: Great franchise systems have worked hard to develop many training resources to help you achieve success. For example, with Shear Madness Haircuts for Kids, we provide our franchisees with in-store training with stylists, and encourage opportunities to network with other franchise owners. Because of this, you’ll have access to a wealth of business knowledge at your fingertips.

Minimizing Risk: Ultimately, as a potential owner of a franchise, the success of your store will be up to you. But through being a part of a franchise system like Shear Madness Haircuts for Kids, the risk of starting a new business is significantly reduced. Sure, there will still be challenges that come your way, but as a franchisee, you’ll have greater confidence and know-how in how to succeed. 

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 franchise success), 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 advantage of franchise ownership!

Would you like to sign up for our Monthly newsletter? If so, click HERE!

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 currently looking for franchise prospects throughout the United States - and especially Tulsa, Oklahoma City, Omaha, Lincoln, Denver and St. Louis! We are one of the fastest growing kids hair salons in the industry today! If you would like to learn more about this franchise opportunity or franchise investments, great marketing strategies, resources for small businesses, how to grow your 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: buying a franchise, evaluating a franchise, franchise success, franchise buyers, franchise, business success, franchise growth, Small Business Franchise Information, business ownership, how to begin a business, small business how-tos, franchise opportunity, franchise ownership, franchise research, franchisee support, haircare franchise, why buy a franchise

2017 Fall Conference - Driven to Success!

Posted by Matthew S on Tue, Oct 24, 2017 @ 12:10 PM

conferencecollage17.jpgThe Driven to Success Fall Conference was held this past October 3rd through the 5th at the beautiful and historic Elms Resort and Spa in Excelsior Springs, Missouri. Exclusively for Shear Madness Franchise Partners, our 2017 Conference featured many great speakers who shared ideas and resources on how to help their business grow into the next year and beyond! In addition to valuable training seminars and plenty of opportunities for networking, Franchisees were also able to meet vendors one-on-one at a salon vendor show in order to view the latest in exciting hair products, toys and other great retail for their location.

The Driven to Success Fall Conference also featured Cindy Graziano of Gray Wolf ConsultingCindy has been a corporate trainer and designer for more than twenty years, and has worked extensively with companies and non profit organizations in assessing organizational issues and providing employee development solutions. Her firm also provides counsel to teams as well as individuals through Executive Coaching. Her management and leadership consulting services have taken her across a wide range of companies domestically and internationally. Some of the companies she has consulted for include Entertainment Weekly, Sports Illustrated, Time, Inc., Wells Fargo, Royal Bank of Canada and many others.

Our 2017 Conference also featured plenty of opportunities for Franchisees and managers to get to talk with each other, engage in team building exercises, and just relax and have fun. This included a Welcome cocktail reception held on the first evening, with a special dinner with vendors on the last night of the conference. In between, attendees could relax by the pool, get a massage at the spa or explore the expansive interior and exterior grounds of the historic Elms hotel.

Also, congratulations to all of our winners who were recognized at our 2017 Driven to Success Fall Conference! Todd Danni of Amherst, New York received the award for Franchise Location of the Year, Carolyn Vanderstaay of Olathe, Kansas received the Number 1 Ranked Location in the System, Jim and Janon Otto of Lee's Summit, Missouri received the Customer Service Award, Erin Nanke of Des Moines Iowa received the Top Franchise Location for Birthday Parties (as well as the Top Location for Retail and Ear Piercing for her Ankeny store), Kimberly Abeyta of Albuquerque, New Mexico received the award for Best Place for a Children's Haircut and Jackie Perkins of Humble, Texas received the Top Franchise Location for Community Outreach. Awesome job!

Janon Otto, CEO of Shear Madness Franchising, LLC noted that, "The Conference was an incredible venue for so many things!  Franchisees and Managers LOVED learning from each other, Cindy Graziano from Gray Wolf made her training SO relevant to all of our businesses and her presentation made it easy to remember what to apply.  The Vendor information shared helped all attendees diversify their inventory selections and choose top sellers for our stores!  So many other great things occurred it is hard to sum up in a short sentence!"

Are you interested in learning more about one of the best kids salon franchise systems out there? As one of the fastest growing kids hair salons in the industry today, Shear Madness Haircuts for Kids is working hard to share our many great resources for small businesses and business tips so that our franchisees will have the tools to succeed! If you're interested in learning how to franchise, develop a small business plan, or become a successful owner of your own childrens salon franchise business, please click below or call 1-888-98 GONE MAD!

Exploring a Children's Salon Franchise

Topics: Fall Conference, Shear Madness Haircuts for kids, franchise, franchising, franchise opportunity, kids hair salon, franchisee support, successful franchisees

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!

Item 7 Download

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

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!

Would you like to sign up for our Monthly newsletter? If so, click HERE!

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

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

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, blog digest, business skills, business success, franchising

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, blog digest, business skills, business success, franchising

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