Is a Kids Hair Salon Franchise a Good Investment?

Posted by Matthew S on Wed, Mar 25, 2015 @ 12:03 PM

goodinvestmentIs there really room in the lucrative hair care franchise market for a Kids Hair Salon Franchise? And for that matter, is the hair care franchise industry a good place to invest your franchise dollars? Because let's be honest. There's already a number of low cost family hair salons out there - perhaps some that currently operate within your own community. But what about children? Can this potential for profit within this hair care segment really be there? For the individual investigating franchise opportunities, these are valid questions that are good to consider.

The Unique Opportunities of a Kid's Hair Salon: Following are some reasons why the Kids Salon Franchise continues to be one of the more unique opportunities you might want to explore in the months ahead!

  • While the hair care industry is recession resistant, some of the areas that have been hit the hardest in the recent economic downturn are the high end salon services. Since the childrens salon model doesn't really cater to this segment, they haven't been as affected.

  • Because parents want the very best for their kids, they'll often seek out professionals who not only understand and know how to work with children when it comes to hair care - but also understand the importance in helping children feel great about themselves! And you've probably heard it said before, but it's true! As the Kid's Hair Salon niche is underserved, there's a lot of untapped potential for this salon specialty within many communities. 

  • When talking about salons, there are usually several different types that come to mind. For example, there's the High End Salons (where the client follows the stylist and stylists work on a commission basis), Low End Salons (walk-in salons where clients aren't really loyal to a stylist or to the salon - it's all about convenience), and Booth Rentals (a salon where the stylists rent the space and makes their own appointments, etc.). a kids salon must be designed speciallfy for children (stylists tend to be employees, however they develop relationships with the kids they serve). Because a kids salon doesn't fit any of these typical models, clients will come for the atmosphere - as well as the great stylists! And don't forget, clients will also drive further to treat their children to the more friendly atmosphere!

  • The market serving parents and their kids is the largest dollar consumer base in the nation! This lends itself well to offering other products and services pertaining to children within the salon itself. And when you combine this with a powerful network of moms and dads who blog and talk to their friends about businesses who market to this segment - your cost of advertising may be drastically reduced!

Challenges within the Kids Salon Industry: While we certainly believe that there are a lot of positives to doing business in the Children's Hair Care Industry, there's also some important issues to consider as well.

  • It's important to be aware that although Kid's Hair Salons are resession resistant - they aren't resession proof. Owners must work at assuring their customers that they are getting a great value for their precious dollars spent. Additionally, services must be priced reasonably enough to retain clients.

  • Care must be given when choosing a market for this concept, as it only caters to a certain age group. If there are too many kids salons in one area, they will not be able to succeed. Also, as the age group of a Kid's Hair Salon is limited, the appeal of the best concept should be wide by making sure that it attracts both boys and girls to as wide of an age group as possible.

  • Operating a business within the parents network is a great place to be, but if you aren't providing a great service, then this network can back fire on you as well! The atmosphere of a Kid's Hair Salon must of course be fun and energetic, but it also must be clean, orderly, and up-to-date. This clientel demands it!

  • When choosing what products or services to offer a customer, careful consideration needs to be given as to the costs vs. benefits of those offerings. A franchise system that chooses products and services on a research level is the best kind of system.

One thing to remember is that when an individual buys into a franchising opportunity with Shear Madness Haircuts for Kids, they won’t be going at it alone. Our team excels at being a partner who wants our franchise owners to succeed! We also not only have a lot of business experience under our belt - we LOVE what we do as well! If you’d like to learn more tips on how to achieve success from our team of business experts, click the below banner.

Exploring a Children's Salon Franchise

Topics: franchise, kids salon franchise, salon franchise, kids salons, franchise buyers, buying a franchise, franchise opportunity, Shear Madness Haircuts for kids

Shear Madness Salon Franchise Owners

Posted by Janon Otto on Thu, Jan 22, 2015 @ 11:01 AM

nanke picture

The past two years have been EXCITING years for our team! Owning and operating a kid's salon franchise has it's share of hurtles and challenges, but we maintain a positive attitude and outlook as we keep pressing forward! It has been fun to see all our hard work paying off as we now celebrate having 7 locations open! Our incredibly COOL salon concept for kids has franchise locations now in Lee's Summit MO, Albuquerque NM, San Antonio TX, McAllen TX, and West Des Moines IA thanks to our dedicated and enthusiastic franchisees and our team. Now we would like to take a moment and recognize each one of our fabulous franchise owners and their families. To our ever growing Shear Mad-tastic Family - Here's to you!

Shear Madness Franchise Owners

Picture 1Brenda and Eduardo Morales: Our very first Shear Madness franchise owners, this couple opened their first salon in San Antonio TX at the Village in Stone Oak in San Antonio, TX in November 2012. Brenda and Eduardo have faithfully endured many of the early franchising growing pains with good humor and a willingness to learn. Their store has steadily seen growth despite the tough competition in their area. Their birthday parties have been a very successful addition to their haircutting business. We are so grateful for this caring, enthusiastic, and extremely hard working couple. Brenda currently manages the store while Eduardo assists however he can while also managing his business in Mexico. They live in San Antonio with their two children.

michelle webMichelle and Tom Vick: This couple came to us in 2012 looking for an opportunity to grow our concept in a brand new market in Albuquerque NM. To our delight, Shear Madness in Albuquerque, NM opened in October 2013 with much local anticipation and enthusiasm! Their salon is steadily growing, and with the help of their Fantastic Staff they are successfully building a great reputation with their local people. They also own a construction company. Shear Madness provides diversity to their income. They live in Albuquerque with their 3 sons.

garciafamily

Elsy and Jorge Garcia : Owners of the Shear Madness at the Forum in San Antonio, TX, this couple just moved to the United States from Monterrey, Mexico. Opening their first Shear Madness location while moving their family and and enrolling 4 children in school was challenging - but worth the effort. They have a super location in a high traffic area with fantastic stylists! Their store has been converted completely from a previous children's hair salon into a fantastic Shear Madness Haircuts for Kids!

erin signErin Nanke: Erin was a full time marketing executive for a large television station and owner of our new location which just opened November 2013 in West Des Moines, IA! Her store sits across from Jordan Creek Mall in West Des Moines, and across from the popular local favorite Scratch Cupcakery. Partly due to her incredible location and partly to her mega marketing skills, this franchisee is building her salon into "the place to be" in Des Moines, Iowa! We are honored to have such knowledgable and determined franchisees on our team. Erin lives in Johnston IA with her husband and 3 children.

Our Newest Franchisees in McAllen TX: This young couple is excited to open their first Shear Madness in McAllen, TX! They have a brand new store in Citrus Grove Plaza. They live with their two young children in McAllen.

jimandjanonJanon and Jim Otto: This extremely hardworking husband and wife duo diligently work behind the scenes not only as Shear Madness franchisors, but as salon owners as well! They opened their first location in Lee's Summit, MO in May 2013, and have been successfully building their salon business since. This Madtastic couple sells, supports, oversees, and executes every aspect of Shear Madness Franchising, LLC. No detail is too big or too small for the Otto's. Jim and Janon strongly believe in the kid's hair salon concept and the future of Shear Madness. They live in Overland Park, KS and have three daughters.

1 paula  2011

Paula Thurman (far right): The mother and founder of Shear Madness Haircuts for Kids, Paula Thurman has built her kid's hair salon and boutique concept to be what it has become today. As owner and operator for over 17 years, she is an expert when it comes to customer service, managing employees, payroll, retail, and many other salon related issues. Paula personally oversees all training for new franchise locations and their employees. She is committed to the success and vision of becoming the very Best Kid's Hair Salon Franchise - "The Standard by Which All Others are Measured!" Paula lives with her family in Overland Park, KS and owns the original Shear Madness Haircut for Kids, Olathe, KS location.

Here at Shear Madness Haircuts for Kids Franchising, we work hard to share our many great resources and business experiences 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 or call 1-888-98 GONE MAD!

Exploring a Children's Salon Franchise

Topics: kids salon franchise, salon franchise, franchise buyers, buying a franchise, what is a franchise, how to buy into a franchise

10 Reasons to Invest in a Hair Salon Franchise

Posted by Matthew S on Fri, Jan 16, 2015 @ 12:01 PM

Shear Madness Haircuts for Kids,Kids in a Kids Salon,Kids Boutique

Many people who are interested in opening their own business and becoming their own boss often wonder what the advantages might be of investing in a franchise opportunity. Following are ten reasons why buying a franchise may translate into the long-term success of your investment.

Robust Industry: Many franchise systems offer 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.  

A Record of Success: Franchisors 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.

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! 

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.

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.

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! 

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. 

When an individual buys into a franchising opportunity with Shear Madness Haircuts for Kids, they won’t be going at it alone. Our team excels at being a partner who wants our franchise owners to succeed! Learn more tips on how to achieve success from our team of business experts by downloading our free resource below.

Exploring a Children's Salon Franchise 

Topics: franchise, kids salon franchise, salon franchise, franchise buyers, buying a franchise, franchise opportunity, Shear Madness Haircuts for kids, what is a franchise, how to buy into a franchise, Small Business Franchise Information, reinvent your career, Business Tips, successful franchisees, marketing strategies, franchise definition

Career Change Advice: Buy a Business or Franchise?

Posted by Matthew S on Tue, Jan 13, 2015 @ 13:01 PM

careerchangeBuying any business or franchise can be an exciting and rewarding adventure, but success won’t come overnight! You’ll likely spend a great deal of time, energy and financial resources in order to help ensure the success of your business. And in a way, because you’re making such an important investment, you’ll find yourself putting a little bit of “you” into your business too. Therefore, it’s good to take a step back before starting the whole process and ask yourself the following: Does the franchise you are considering really fit with who you are as a person?

Following are several tips to keep in mind when investigating a franchise.

Personality – Does the franchise you are considering fit with your personality? Do you consider yourself an introvert or an extrovert? Do you enjoy leading, or would you rather be behind the scenes? Are you outgoing, funny, regimented, or reserved? Because there are so many different kinds of franchises that provide a large variety of services, you’ll want to look at areas that suit your personality.  For example, many people who choose Shear Madness Haircuts for Kids are generally a more outgoing personality type who enjoys the fun atmosphere our stores have. They also enjoy working with kids, and like the thought of being able to provide a service that seeks to bring a little more happiness into the world!

Lifestyle – Many people consider investing into a franchise system because of the unique challenges and opportunities that running your own business represents. But it’s important to remember that the kind of lifestyle you have (or appreciate) is an important factor in considering a franchise opportunity. Forcing yourself into a system that isn’t really “you”, can quickly lead to feeling burned out and unhappy.  For example, if you enjoy getting up early and going to bed early, certain types of franchise systems that are open late hours (or 24 hours) may not be ideal for you. Or maybe you don’t really like the thought of having to wear a suit everyday, or prefer more low-key environments over fast-paced high energy work spaces. All of these are important lifestyle preferences to take into consideration.

Skills – Think of looking for the right franchise as looking for the right job. If you have 10 years of experience working as a chef, it probably wouldn’t be a good idea to look for a job as an architect. You simply wouldn’t have the right skills to effectively do the job. Or, if you’re someone who really doesn’t have a lot of experience in managing people, a job that requires management of entry-level staff may not be a good fit. Similarly, when making a decision on a franchise, don’t be afraid to perform an honest look at what your skills are. You can do this through looking at your resume and seeing what you’ve demonstrated an excellence for over the course of your work history. Or you may additionally want to consider what you may enjoy doing in your free time as well. Either way, in order to help ensure success as a future franchise owner, be sure to focus on what your talents and abilities are!

Tools for Assessment - If you would like a little help in figuring out who you are and what really motivates you to get through each day, you might want to the following online resources. The Keirsey Personality Sorter is an online personality assessment that can be done for free at http://www.keirsey.com/ (more detailed reports are available for a fee). iPersonic Career Test also has an online personality test available at http://www.ipersonic.com/career/ that may help you more clearly define your work values.

Exploring a Children's Salon Franchise

Topics: franchise, kids salon franchise, franchise buyers, buying a franchise, franchise opportunity, career change, how to begin a business, how to franchise, reinvent your career, Business Tips, Free Resources for Businesses, successful franchisees

Which Salon Franchise is Best?

Posted by Janon Otto on Fri, Jan 2, 2015 @ 10:01 AM

SalonBest

In the franchise world there are many options, and choosing between categories alone can be an interesting challenge.  However, one category that is worth careful evaluation is salon franchises.  Why?  Well, everyone needs a haircut now and then.  Most sectors of the salon industry are recession resistant, and it doesn't appear that the internet is going to be able to replace haircuts anytime soon!

The choices for a Salon Franchise are larger than you think!

1.  The ones everyone thinks of are some of the original hair salon franchises - think Great Clips, Fantastic Sams, Snip n' Clip, etc.  These are low end walk in type salons.  Clientele does not make an appointment and they tend to exist on every major street corner in most metropolitan cities.  These typically have the stylists act as management, and the owner is an absentee owner.

2.  Mens' salons - this niche is relatively new to the franchise sector.  Probably the most well known mens salon franchise system is Sport Clips.  However, many others have opened in recent years.  Everything from very high end Men's Country Club type salons that offer a full array of services i.e. The Boardroom, down to lower end salons that do high volume yet still offer men a good haircut without all the frills.  There are those that appeal to pool players and those that just cater to "players".  Most wives don't really appreciate those, and taking your kids to one is deemed "inappropriate"!

3.  Kids salons - again we have a type of salon that is relatively new to the scene.  There is no real dominant player in this arena.  Shear Madness Haircuts for Kids has been in operation since 1997 - and that's one of the earlier children's salons!  None of the salon systems predate the 90's!  Each franchise has its own personality and philosophy on running a succesful salon.  Extras added to some are kids retail and birthday parties.  Some are run by a manager and others have the stylist/manager configuration. A close evaluation of what makes up the revenue portion of the salon is important to look at.  How easy is that portion to run?  Does it take an onsite owner or can it be run absentee?

4.  Hair Removal Salons - these are also very new to the franchise arena.  Tropical Laser Hair Removal opened in 2007! They still fit under salons as the technicians need to have licenses, just as hair stylists need to have licenses.  These can be combined with the above types of salons or can be a stand alone type. Many times these are partnered with businesses offering massages.

5.  Nail Salons - there really is not a dominant player here at all.  It seems that most nail salons are individually owned, yet we're waiting for a franchise to pull it all together!

6.  Lastly would be Massage Salons - think Massage Envy.  These typically sell memberships as opposed to collecting revenue when the service is actually performed.  This type of franchise with membership fees is very popular, especially in the health club arena.  Many buy memberships, and then don't use them like they should - which in turn makes the franchise system more profitable.

There you have it! Lots to choose from!  Which one is best will depend a lot on your specific situation. 

  • Are you located in an area that already has enough of any one of these types of salons?
  • Do you want to work in your salon or run it absentee?
  • How much income are you hoping to generate on your salon?
  • How many salons can you afford to open?
  • How much support does the franchisor offer vs. how much you need?
  • How does your talent set match with that of the franchisor?  Or, will the franchisor be willing to help provide what you might lack?

If you are thinking that you might like to learn more about franchising, we invite you to download our free whitepaper (available at the link below). Once you know a bit more about investing in a franchise, you'll be more prepared to contact individual franchisors and ask great questions!

Exploring a Children's Salon Franchise

Topics: kids salon franchise, salon franchise, kids salons, franchise buyers, franchise opportunity, Shear Madness Haircuts for kids, the salon business, how to buy into a franchise, Small Business Franchise Information

Salon Franchise Owner Erin Nanke and Des Moines Marketing

Posted by Matthew S on Thu, Dec 11, 2014 @ 16:12 PM

Marketing in Des Moines

Developing a children's salon franchise into a thriving business requires a lot of time, hard work, and the use of effective marketing. Sometimes overlooked, marketing a business to your community not only can be a way to exercise creativity and have fun with your staff - but also helps generate a positive and exciting image to your audience! 

Erin Nanke, the owner of a successful Shear Madness Haircuts for Kids franchise location in West Des Moines, has used successful marketing campaigns to grow her business. Everything from using the famous Shear Madness pink Cadillac for parades, to passing out flyers and coupons at events around town, Erin's efforts have helped raise awareness on who Shear Madness Haircuts for Kids is - and how much fun it can be to come by for a visit! And through the use of marketing, the word is starting to spread. As an example, The Des Moines Parent noted recently that "Shear Madness is totally kid friendly and makes the whole haircut experience fun for the kiddos."

Erin has also been active in the Des Moines sports scene, and shared her initial idea and subsequent involvement in helping develop a Kid's Club for Iowa Energy (a minor league basketball team). After searching both Iowa Energy and Iowa Wild's (a minor league hockey team) websites last year, Erin discovered that neither team had a "Kid's Club". So Erin decided to contact them to put one together as a sponsor.

"I did both last year to give myself more exposure, being new to the market," Erin explains. "I pushed audio and video mentions at the game and they pushed having booths at the games. What I found last year is I couldn't staff the booths all the time and it was difficult to have interaction with parents and kids because they are there to watch games. We did free hair braiding, free color gel, I had a prize wheel they could spin to win free stuff. However, for this year, I decided I was only going to renew one of the two.  I went with Iowa Energy because they gave me most everything I asked for - which was more Kid's Club games (last year only 2, this year 4), video board mentions all games, PA announcements all games, and NO BOOTH, just signage, etc.  Also they had over 450 kids sign up last year, and Iowa Wild's was half that amount!" 

Erin also notes that her experience working for a local television station for 17 years in Des Moines before opening Shear Madness also helped develop important relationships, marketing opportunities, and negotiation skills. For instance, when Iowa Energy didn't quite meet Shear Madness expectations the prior year, Erin still chose to renew with them because she understood the errors weren't intentional, and that "they would go above and beyond to make it up to me this year. One example is the size of my logo on the t-shirts.  Last year it was the size of a half-dollar, this year it's the entire backside!" 

Meanwhile, after looking into what will deliver more of the results she's looking for, Erin has decided not to focus on having any booths at the Iowa Energy games - and just stick with audio and logo mentions. "For the four designated Kid's Club games I will have a fun interactive 'HAIR CAM' feature during one of the time outs where they put different hair graphics on the fans with my logo bugged throughout the feature.  Last year they wouldn't do it...this year they are for the same investment. And last year I passed out coupons. But this year, kids show their Kid's Club lanyard and they get $2 off a haircut through Mar '15."

"We are so proud of Erin and what she brings to our franchise system.  She is willing to share her ideas and help any store in our system come up with unique marketing strategies.  Erin runs an excellent business because she is not afraid of hard work and asks questions to make sure she is doing everything in the most successful manner." Shear Madness Franchising CEO Janon Otto said.

If you are interested in running a successful kids salon business - a Shear Madness Haircuts for Kids business might be just the match!  To find out more feel free to download our toolkit.  No obligation, just good information!

Exploring a Children's Salon Franchise

Topics: franchise, kids salon franchise, salon franchise, franchise buyers, franchise opportunity, the salon business, Small Business Franchise Information, how to begin a business, how to franchise, Business Tips, small business how-tos, growing a small business, marketing strategies

Reinvented: The Modern Career Shifter!

Posted by Matthew S on Fri, Nov 21, 2014 @ 10:11 AM

careershifter

The global recession that took place in 2008 caused many Americans to lose their jobs. Many people lost their homes, their careers, and their sense of security. "We were starting over in a competitive job market with people half our age and experience we didn't have," says a couple who lost the majority of their income in the construction business when the economy tilted on its side three years ago. Many small businesses folded under the same financial hardships, their owners returning to school or another fallback career. Many of these individuals took a long look at their situations and concluded they must RE-INVENT themselves.

Career Shifters: Whether or not you are an entrepreneur, when it comes to diversifying your income or perhaps shifting careers, there are some important decisions to make. What are my likes and dislikes? What are my strengths and my weaknesses? It can be very helpful to take a career/personality assesment test in these early stages to help determine what you might do best and best match your lifestyle goals with your career. We recommend the PRO-D from TAI, Inc. assesment test. This test will connect your motivations, talents, AND your personality with your best career matches. Many career shifters are looking for a lifestyle change as well. The ability to set your own hours and do something you love is actually what attracts many of these shifters into the world of franchising.

We find it interesting that studies show women make up the largest percentage of career shifters in the last four years (over 70%). Many women are starting up businesses or buying existing businesses and running them successfully in a fine balance with their own family and personal lives. It is suspected their social flexibility (often gained as mothers and as wives) allows them to reinvent themselves more readily in the professional arena.

Freedom to Choose: MOST mid-life career changers will choose entreprenuership or small business ownership to ensure financial freedom and a successful future for themselves and their families. It's a point when all acquired knowledge and professional skills come together in an orchestra of Passion, Performance, and Hard Work. The owner and founder of Shear Madness Haircuts for Kids, Paula Thurman was a fiery entreprenuer back in 1997 when she opened her first kid's salon. Her fantastic concepts and relentless work ethic is now reaping the benefits as Shear Madness grows rapidly across the United States. Paula says her only key to success has been “totally believing in the concept and never giving up.” But it doesn’t hurt that she passionately pursues new, innovative ways to bring clients in and help Shear Madness™ grow.

Career Shifters are Franchising

If considering a new career, buying an existing business, starting your own business, or buying a franchise, career shifters can expect a significant impact on their lifestyle and finances for the first year (at least!) Hopefully, initial investment does not outweigh the long term benefits of making the career change. Many career shifters are opting for Franchise Ownership because the professional groundwork has already been laid and a successful business model has emerged. When buying a franchise or mutiple franchises, shifters can choose exactly what type of business they wish to own and what their income will be. Some of the most popular franchise options (especially for women over 40) today include:


8 Suggestions for Career Shifters

1. Self Assessment - Conduct a thorough self anaylysis of strengths, desires, abilities and goals. There are lots of career assesment tools readily available online for a small fee, sometimes for FREE!

2. Research - Talk to others, read articles (like this one) and process the information with family and friends - research has proven itself most helpful for successful shifters in deciding the best career path for themselves.

3. Take Inventory of your Transferrable Skills

4. Get Training and/or Education - many career shifters begin by returning to school.

5. NETWORK

6. Gain Experience

7. Find a Career Mentor

8. BE FLEXIBLE

For more information on Shear Madness Franchising opportunities please contact Jim Otto jim@shearmadnessfranchising.com or download this excellent FREE resource on the Advantages and Disadvantages of Franchising and begin researching (possibly) your new career! To Download the Whitepaper CLICK Here!

We're having a great day at Shear Madness, we hope you have one too!

The Franchise Buyer's Toolkit

Topics: franchise, kids salon franchise, salon franchise, kids salons, franchise buyers, buying a franchise, franchise opportunity, Shear Madness Haircuts for kids, career change, how to begin a business, reinvent your career

Own a Franchise - What about Royalties & Fees?

Posted by Matthew S on Mon, Nov 17, 2014 @ 09:11 AM

RoyaltiesFeesSo, just what exactly is a Franchise fee? How about Royalty fees? What does a franchisee get by paying a franchise fee or royalty fees? For those who are investigating a potential investment into a franchise system, these are important questions.

Think of a franchise fee as the right to use a brand that has been built up over the years, and has many tried and true systems behind it that are designed to help a new franchisee succeed in running their business. Most new businesses go through a period of trial and error when building a following.  This period uses lots of working capital and time.  When buying a franchise you are avoiding many years of this learning curve.  Many times the Franchise Fee may seem expensive, but in the long run it may actually be a bargain for the time and money it will save you!

Royalty fees are those payments a franchisee might send each month in order to continue receiving the benefits of belonging to the franchise system.

For example, these fees not only pay for the rights to use the logos and trademarks of the franchisor's system, but also access to services that are designed to help a franchisee develop their location (demographic information, architectural assistance, site visits, fixtures, signs, and sources for equipment). Franchisees also may receive training, access to software to help run their business, access to advertising outlets (social media, publications, etc.) and access to the franchisor's marketing and graphic design department (which can help deliver customer flyers, ads, artwork and more).  The royalty also gets you the keys to contacting other business owners who are trying to do the same things that you are trying to do - which can save you time and effort.  For example: What is working, what isn't, how can we take something and make it better?  New ideas are sometimes being tried throughout the system, and you'll have access to the success and failure rate of those new ideas.

A good franchisor will also use these fees to grow the system through research and development (in order to stay competitive), monthly meetings, and the continued development of training and operational resources.  Software programs, management and cost saving systems are additional areas where the fees are used.

It's also important to remember that every franchise system is a little different. Depending on the industry, the types of services a franchisor may provide could vary. Also, size could play a factor. For example, while a smaller franchise system may not be able to offer some of the services much larger franchisors can offer - a smaller system can provide a level of personal service that the bigger systems can't.

However, if you really want to understand what you're receiving from the franchisor, be sure to read your franchise agreement. This will detail exactly what the franchisor will provide for you. And if there's something the franchisor said they would do, but it isn't a part of the franchise agreement, you may want to discuss it with them. Also be sure to refer to the Item 11, a document that outlines services the franchisor provides.

In the end, a franchise fee could be looked at as a kind of investment into the future success of a new business. By having access to years of knowledge and experience, a franchisee may take comfort in the knowledge that they won't be wasting time and money or processes that just don't work. And even more importantly, they'll have a friend in the business who is there to help them succeed! 

If you are wanting to learn more, our Franchise Buyers Toolkit in an excellent resource - and it's Shear Madness Haircuts for Kids free gift to you! Click below!

Exploring a Children's Salon Franchise

Topics: franchise, franchise buyers, buying a franchise, franchise opportunity, how to buy into a franchise, career change, how to franchise, successful franchisees, franchise definition, what is a franchise fee

10 Questions to ask before Looking at Franchises for Sale

Posted by Matthew S on Mon, Nov 10, 2014 @ 11:11 AM

10questionstoask

If you’re thinking about joining the ranks of successful franchise ownership you might look before you leap! We at Shear Madness Franchising (franchisor of Shear Madness Haircuts for Kids) have put together a list of ten things that might help you decide if you’re ready to take that next step into this rewarding – yet challenging - opportunity.

1. Are you financially sound? Take a look at your financial resources, and make sure you’ll have enough to not only invest in starting up your business – but run it for 3 to 6 months.  And then consider that your income will be very small, but should grow slowly for the next 2 to 3 years while your business is becoming established.

2. Do you value business integrity? As a franchise owner, you’ll have a lot of eyes watching you. From your employees, to your customers and neighbors in the community, being a good example for others to follow will not only help you succeed in the long run – but also helps others succeed too.

3. Are you task oriented? Are you a task-oriented person who understands the benefit in following a set of guidelines dedicated to the successful operation of a franchise? After all, there’s a reason why your favorite Hamburger Franchise doesn’t sell taco food!

4. Are you a team player? Franchise owners are great team players that enjoy working with people. Running a franchise means not only fostering a great environment for your customers, but for your employees, other franchises within the franchise family, and even the folks who are working hard on your behalf at your franchise corporate headquarters!

5. Do you want to delight your customers? Delight customers with efficient services and promptly returned emails and phone calls. And don’ forget to smile, say “Thank You”, and let your customers and employees know how much you appreciate the work they do!

6. Are you resilient? Enthusiasm, optimism, and the ability to bounce back when a difficult business challenge presents itself are all key to being successful as a franchise owner. Apathy, a low incentive to succeed, or constant worry will hinder the growth of your business.

7. Do you have a marketing mindset? Franchise owners enjoy finding unique ways to promote their business in their communities. From taking part in parades, local sporting events, and much more – there’s many opportunities within your community to get the word out about what your business offers!

8. Do you love to learn? Are you someone who enjoys reading, listening to podcasts, attending seminars and talking with others about how to better run a business? 

9. Do you enjoy networking? The more you share and build each other up, the better! Franchise owners who work with other franchises and communicate what works and what doesn’t will have a competitive advantage over those who don’t!

10. Are you a person of focus? Don’t fall victim to being a jack-of-all trades, and a master of none. The risk here is that by spreading yourself to thin, you’ll limit how effective and productive you can be - which may result in poor products or services. Zero in on achieving perfection!

One thing to remember is that when an individual buys into a franchising opportunity with Shear Madness Haircuts for Kids, they won’t be going at it alone. Our team excels at being a partner who wants our franchise owners to succeed! If you’d like to learn more tips on how to achieve success from our team of business experts, click the below banner.

Exploring a Children's Salon Franchise

Topics: kids salon franchise, franchise buyers, buying a franchise, franchise opportunity, Shear Madness Haircuts for kids, how to begin a business, Business Tips, Free Resources for Businesses, successful franchisees, small business how-tos

Is a Salon Franchise for you? Six important questions to consider

Posted by Janon Otto on Mon, Nov 3, 2014 @ 12:11 PM

describe the imageOh - thinking of starting your own salon business?

You might want to think again before starting!  If you interview successful business owners you will find that owning your own business sometimes is NOT what it's cracked up to be!  It can be hard work!!!  Following are 6 traits that every business owner must have, or chances are he or she won’t have what it takes to stay until the paycheck finally comes in!

Personality type – Are you a competitor?  Most of us think we are, but are you?  When you ran races in grade school, what were you thinking as that other kids caught up to you?  That will tell you a lot about your competitive spirit.  Do you always believe that you have what it takes to win, no matter what?  Do you doubt yourself and your abilities?  In business you MUST believe. You cannot doubt your abilities.  You can second think and learn from mistakes, but that is wisdom and OK - it is not doubting your abilities.  No business owner does everything right the first time around!  And that is NO business owner!  There is always going to be a learning curve, and the learning will never stop.  There are many salons out there so competition is a given - can you take it? At Shear Madness Franchising we give you marketing tools to compete as well as a concept that is the BEST!

Numbers acumen – Can you evaluate numbers?  You may have an incredible business idea, but you may not open it in a place where it has the chance to succeed.  You must do the numbers – you need to evaluate all this BEFORE starting.  If you have already started and aren’t doing what you expected, it may be that your location or marketing are preventing your success.  Sit back and do the numbers.  How many customers does it take to make the income you need?  How many potential customers are in your market?  Are there competitors who will get some of those customers?  How many of the potential customers will actually do business with you?  How far will they drive, etc, etc.  Much of success or failure is all in the numbers!  If you aren’t good with these, find someone who is and ask yourself every question you can and try to estimate on the LOW side before you start.  A salon franchise system can help you with this!

Are you an Idea person or a Follower and implementer of others’ great ideas?  This is an important question to ask yourself.  You can be a great business owner with either trait, but the business you choose will change based on the trait that you have.  If you are an idea person – then owning your own business and starting it from scratch could allow your imagination to flourish!  If you are a great implementer of others’ ideas then you may be a perfect candidate for investing into a franchise system.  In a franchise system you can be the best implementer and most successful by doing well in an already proven successful system.  If you have great ideas, you could improve on an existing system as well.

Instruction Taker or Rebel?  This goes along with the question just asked.  However, it is a very important question to ask yourself.  Do you look at others’ ideas and think that you could do it better?  Or do you appreciate the wisdom of those who have been there before you and know it is best to do it their way?  Rebels are innovators and are great candidates for starting businesses from scratch.  Instruction takers make incredible franchise business owners. We love great ideas, but within the context of what we are already doing at Shear Madness - it's an opportunity for following a system with room for fantastic ideas!

Immune to discouragement – This is a biggy – if you are easily discouraged you will NOT succeed as any business owner.  Yes, there are times when it is wise to throw in the towel.  But there will be many more times that the going is just tough, and you'll need to stay the course with the knowledge that you will get through it and be successful!  If you are married, you MUST have the support of your spouse and family – sometimes they are the best cheerleaders and can help you through those tough times, because even those who are mostly immune to discouragement can have their down moments. 

Support System – This one is not necessarily a trait, but it is something that every business owner needs.  Encouragement, and surrounding yourself around those who are positive about your business is a must.  A franchise system can provide that "cheering" that you may need to get you over those bumps in your business.  Knowing what to expect on a monthly basis and how others' are doing can provide a basis to evaluate your own performance.

A salon franchise may or may not be for you.  But, to help you get more information we have put together a toolkit that can help you on your exploration journey.  Get it sent to your email here:

Exploring a Children's Salon Franchise

Topics: salon franchise, franchise buyers, buying a franchise, franchise opportunity, how to buy into a franchise, Small Business Franchise Information, how to begin a business, reinvent your career, Business Tips