As a Franchisor, we are constantly looking for people who have the right qualities to make successful franchisees. Without certain business skills and the desire to succeed and work hard, your chance of owning a successful franchise operation is greatly diminished. We have identified the following four traits as MUST haves:
- Sales Ability - In franchising, salesmen are often identified as some of the strongest and best candidates. The ability to motivate and get your staff to understand your culture is essential to your building a quality staff. Communicating to your customers and "selling" your business in your community is also important.
- Operations - Do you know who the head of operations is in your franchise? You guessed it, the owner. Your franchise should give you the systems and processes to be successful, but you will still have to make sure that you execute the strategy and make sure your operations run smoothly.
- Management - The ability to manage all the moving parts of your business is another plus. Management is the ability to be organized and detailed when it comes to the smallest details of your business. This skill is essential if you are planning on owning multiple locations.
- Experience - Candidates who have owned a business before or have been successful in one of the three skills mentioned above have a much better chance of being successful in franchising. Running a business is hard, candidates who have been in business for a while or who have shown they have the discipline and work ethic to be successful are a big plus.
Franchising is a proven business model. Most franchisors will tell you that the biggest variable in any franchise system is the owner-operator. Following the systems and processes that the franchisor gives you are important, but you need to have SOME other skills as well. We would like to show you our proven systems and get you started on your path to financial freedom, just click on the link below!
Make a Positive Difference TODAY
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018 & 2019). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise,
salon franchise,
franchise opportunity,
Shear Madness Haircuts for kids,
how to buy into a franchise,
successful franchisees,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
small business success,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
Every business wants to build the dream team with their employees. The way to do that is to find someone who has these two qualities! Let us help you nail down those two personality traits that will take your business to the top!
When you buy a franchise there are lots of things that the franchisor will teach you. The systems that a franchise has and how well you follow those systems may ultimately be the difference between your success or failure. One area that you will have the most control over is your staff and employees. Your franchisor will help you with build-out, initial and on-going training support, marketing, even guidance on getting to break even and beyond, but you will have to manage your staff. Your Human capital is one of the most vital parts of your franchise operations for a number of reasons. Your employees deliver your product, they are the face of your business, they create the fabulous experience that brings your customers coming back, they create those little interactions that make your customers think, " Wow, this company really gets me". Developing a great staff doesn't happen over night, it takes time. Additionally, if your new hires don't have the following two attributes, getting your franchise to where you want it to be is going to take longer than planned.
* A Work Ethic - You can't teach someone to have a work ethic. Work ethic is a tricky thing, some people have it out of need, they have a family and need to support and provide for their family. Some people learned it from there parents and are modeling it. But one thing is for sure, if you are going to put together a great team, having employees with a good work ethic is critical.
* Attitude - I have heard people say, "That person needs an attitude adjustment”, and you know I have seen that work, but only on a temporary basis. You know what behavioral psychologists will tell you, past behavior is the best predictor of future behavior. Companies spend a great deal of time and money working with and trying to fix people with bad attitudes. Find people with a good attitude about your company right from the beginning, nurture and train them, show them there valued, and your people will work together as a team.
Getting your staff to work together as a team to create a fantastic customer experience is crucial to your franchises success. During the interview process you can ask questions that will give you clues on whether your candidate has these two important attributes. You are going get to where you want to go a lot faster if you can find candidates that have these two attributes.
Make a Positive Difference TODAY
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise,
salon franchise,
franchise opportunity,
Shear Madness Haircuts for kids,
how to buy into a franchise,
successful franchisees,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
small business success,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
When starting your business, you have to think about about a lot of different components. But when it comes to specifically, what your business is going to and who is going to be your target market, you need to get very specific.
When you buy a franchise you may think that you know who your customer will be, "women, between the age of 22 and 44". However, if you want to have a really successful franchise business you have to go a lot further then that. You have to know your Core Customer, and then you have to Zero in on them.
Create a vivid picture in your head of what your most valuable customer looks like and keep this virtual person clearly in your mind. Define that customer in a "who" statement, a who statement is designed to create a clear, defined and definitive picture of who your core customer is.
As an example if you were wanting to own a chain of high end tanning salons your who statement may read something like; An image-conscious single women who wants to look and feel better with little investment in time and money.
By clearly defining Who your core customer is, you can now turn to the all important subject of What your business does. Knowing your Core Customer and zeroing in on them is the real difference between owning an average location or one that sets the pace for the system!
Make a Positive Difference TODAY
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise,
salon franchise,
franchise opportunity,
Shear Madness Haircuts for kids,
how to buy into a franchise,
successful franchisees,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
small business success,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
There are 3 Phases that will bring your franchise to the moon, around it, and back home! We are here to let you know what those 3 phases are, what to expect, and how to navigate these waters as new owner.
When you open your franchise there are three things that are going to happen. I have done it myself, and have talked to a lot of others who have opened franchises. I can't tell exactly how long each one of these three things is going to take, only that they are going to happen. They are going to happen a little differently depending on your franchisors training and the concept that you bought into. But they are going to happen.
- Phase One: People - You’re going to spend a lot of time looking for the right people. In today's tight labor market finding the right people is a big challenge. It can take six to nine months to get a set staff, and sometimes longer. The people that you think are going to stay don't, and the ones you may not see potential at first may be the ones who rise to the top. As they say, can't "pull the wagon" without the right team. And your team delivers your product.
- Phase Two: Learning - The second month should be focused on a better understanding of the systems and processes. Yes, I know what you’re thinking; the franchisor taught me all the systems during training! The best analogy I can give you is the Astronauts that went up in Apollo 13 trained for two years for their mission. They had prepared for every type of scenario except for the type of explosion that happened and how to replace the oxygen filter to get back to earth. But together with mission control (your franchisor) they figured it out and got home safely. In business we call that "mission accomplished"
- Phase Three: Implementation - After the first 60 to 90 days you will have the real world knowledge of running your franchise. You will begin to find out why the franchisor does things the way they do and why they taught you to do it that way during training. Over time you will start to see your momentum building and the future you are building start to come into focus.
Building a successful business takes time and a franchise is no exception to that. However your ramp up time should be a lot faster with a franchise, and having "Mission Control" to guide you is a big reason why franchising has become such a successful avenue to business ownership!
To Infinity and BEYOND!
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise,
salon franchise,
franchise opportunity,
Shear Madness Haircuts for kids,
how to buy into a franchise,
successful franchisees,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
small business success,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
What makes you the perfect franchise owner? Is it your business degree? Previous experience owning a business? Your people skills? All are great qualities, but being a SUCCESSFUL franchise owner takes something a little different that just might surprise you!
I was recently looking through a research report about what types of people make the best franchisees. The answer may surprise you, although intelligence, business skill, and former experience as a business owner are highly valuable characteristics. However, the fact that you have an MBA did not get you to the top. Neither did the fact that you may have been a CEO of a fortune 500 company. Instead, the report listed Sales Executives as the top candidates to become successful franchisees.
As I began to examine their reasoning, I saw that Sales Executives have the following traits:
- In a way Sales Executives are already small business owners. They believe in their product and have to go out everyday and sell it. In addition they understand that they are paid to produce, unlike people who have been on a salary there whole life.
- Sales Executives don't cower when times get tough. To anyone who has lived on commission you know the sales cycle can be brutal. However, you conquer these cycles by working harder when needed - always believing that things will get better.
- Most of all, Sales Executives relish the thought of unlimited earnings potential. It's what motivates them to get out of bed everyday.
What the article failed to mention was one other thing that is consistent with all great franchise owners. Great franchisees understand that they are not in the product or service business; they are in the Relationship business. Building a relationship with your customers where they understand the purpose of your business, and building relationships with your employees so that they can deliver that good or service to those customers, is the key to great franchisee success!
Success is in YOUR Future!
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise,
salon franchise,
franchise opportunity,
Shear Madness Haircuts for kids,
how to buy into a franchise,
successful franchisees,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
small business success,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
Can the consumer do it themselves? If they can't or just don't want to, well, you just might have the potential to start up a business in your community then! People are willing to pay to forget the hassle and seek help from a business who specializes in that specific service to simply make their life easier, and why not?! Today, we are here to talk to you about the KEY to making your franchise profitable!
Many of you may have seen a show on TV called Shark Tank. If you haven't, entrepreneurs attempt to convince 6 highly successful business people as to why they should invest their money in the next great business idea. Most businesses start this way and unfortunately it's probably one of the biggest reasons for business failure!
Many people start their search for a franchise without measuring the most important thing: are there customers for the franchise? More importantly - and don't miss this - is doing what you are doing so PAINFUL (so-to-speak) for the customer to do themselves, that they have to come to you? In business we call this the Shark Bite (no correlation to the Shark Tank). If your customer can do it themselves or go to you, well that may be like a mosquito bite - and it may be a nuisance that they are willing to live with. However if the customer's pain feels something like a shark bite, then customers will be eager to pay you to ease their pain!
Great businesses and franchises begin by solving a customer problem. This is why it's so important to try and figure out if the franchise that you are buying solves the pain your customers are feeling. For example, take our Shear Madness Haircuts for Kids salon franchise. I know that many of you reading this may be parents, and let's be honest...have you ever tried to cut your two year old's hair? Trust me, it's a shark bite, and our customers are more then happy to have one of our award winning stylist ease their pain vs. trying to do it on their own. And with our TVs and Xbox games at every station to help provide a positive distraction for their children, they end up coming back for years!
So before you select a franchise, focus on the BIG pain point. Remember that any big problem is a big opportunity, and customers will be more then happy to pay you to ease their pain.
Award Winning Care!
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise opportunity,
how to buy into a franchise,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
Honestly, this process of finding a Franchise that is PERFECT for you is daunting, hard, and takes a long time. But there are some things to help you know that you are researching the best fits for you. We are here today to give you 7 questions to ask when you call the franchisees so you get a better feel for the company you are looking to invest in.
Potential franchise candidates frequently ask me for the phone numbers of our franchise partners so they can validate our concept. If you have never seen or requested a Franchise Disclosure Document, commonly referred to as an FDD, the numbers of all current franchisees should be listed in the back of the document. I recommend that you ask the following questions as a starting point, because without the right answers to these questions you may want to look elsewhere!
1) Tell me about your journey to find this franchise? - Everyone starts his or her search for a franchise with a journey. Remember your asking someone who was right where you are at some point! Why did they move forward? It will tell you a lot why you may or may not want to.
2) Could you have done this alone, without being part of a franchise? If the franchisee feels like they could have done this without the franchisor, well, that defeats the purpose of buying a franchise. The franchisee should have no doubt that without the guidance of the franchisor they would have not been able to succeed to the extent that they have.
3) What does your franchisor provide you that benefits you the most? If franchisees can't tell you what benefits them the most about being part of the franchise system, then the franchisor may not be supporting the franchisees to the extent that you may need.
4) Is the Franchisor accessible when you need them the most? Every business will run into those times when you not only need an answer BUT you need it right now! Making sure that the franchisor is available during those times and responsive to the franchisees needs is critical.
5) What is the impact been on running your business on your social life initially, and now? The most overused word in franchising is: absentee; business is hard and can cause a disruption in your personal life. You can imagine what your day-to-day life will look like, but talking to someone who is living it will give you the real picture.
6) How do you run your business, do you work in the business or do you use a manager? Some franchises you can run with a manager doing the day-to-day operations and some you can't. If you have a full time job that your planning on keeping you better find a franchise that can be run and run well with a manger.
7) What is the most challenging and what is the most rewarding part of owning your franchise? As I mentioned earlier, owning a business is not easy and you should try to find out what challenges the franchisees are facing. At the same time if there is no reward in what you are doing then what good is that? I always like to end with this question; it can go along way to fulfilling your dream or avoiding a nightmare!
These questions are a good starting point in your due diligence process. They will give you a clearer picture of the franchisors support and what your day-to-day life may look like if you buy into a particular franchise system. At Shear Madness Haircuts for Kids your success is important to us, our systems and process have been tested over a long period of time. But don't take my word on that, listen to one of our franchisees answer these questions on the attached recording, and good luck on your search!
The Road to YOUR SUCCESS!
Shear Madness Franchising franchises our award-winning Shear Madness Haircuts for Kids salons (FranCompare™ Best in Child Hair Care 2018). 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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchise opportunity,
how to buy into a franchise,
employee,
employee loyalty,
business growth,
franchising,
franchise growth,
business success,
kids hair salon,
franchise success,
multiunit franchise,
best kids hair salon,
building relationships,
business,
kidshaircuts,
frequently asked question,
franchise investment,
profitability
Of all the reasons to choose a franchise versus going it alone, ramp-up time is one of the most import. I get called from time to time and the conversation typically goes something like this, "Hey, I found you guys online. I have a GREAT children's salon and I really think you guys might be interested in buying it!" I will tell you from experience the two phrases, "great business" and "I want to sell it" don't really go together. Typically when I am presented with the numbers, there's one thing that stands out: the business took a long time to ramp-up, which caused the business owner to burn through a lot of his working capital. In a well run franchise system your ramp-up time should be greatly accelerated for the following reasons:
* Build Out Assistance - If the franchise that you are looking at is "turn-key", then all of your furniture, fixtures, supplies and architectural plans are provided. This allows you to get open sooner! And when you get open sooner you start to produce revenue faster, which allows your working capital to last longer.
* Training - Think about it, can you think of ANY job that doesn't take some training? Then why do potential business owners make the mistake of thinking they can open a business and run it on the fly without any knowledge of how it works? And one more thing...doesn't it make sense to drastically reduce your learning curve? If it does, then I would strongly consider a franchise vs going it alone.
* Ongoing Support - As a business scales it needs to be able to handle more and more volume without harming the customer service or experience. Being able to call your Franchisor for guidance with questions (like when to add additional staff and other important issues) when your business is growing is a big advantage of being part of a franchise system.
* Marketing - Almost always when you research on some of the reasons that businesses fail, you'll probably discover that ineffective marketing comes up in the top 5. A well run franchise should be able to tell you the most effective ways to get your customers through the door and get people talking about your business.
One of the biggest challenges that you will face in business is ramping it up quickly! When your business starts off strong and ramps up quickly, it will take a lot of the stress off of you as the owner and will allow you to scale the business. Because of the past experience and systems that are associated with a well run franchise, franchising offers a huge advantage over going it alone!
Our Experience, Your Success!
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!
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchising,
kids hair salon,
franchise success,
franchise system,
ramp up time
Many of you may never have seen this before, but the Social Security Administration used to send you in the mail what your monthly Social Security benefit would be at retirement (this info can now be accessed online on their website). What always stuck out to me was a statement on the front page, " Social security should not be your only source of retirement income, you will need to have other sources of income at retirement".
I was recently asked the following question on a social media forum that I was participating in: "Is a franchise a good way to create additional retirement income?" My answer is both "yes" and "no".
- Yes - If you do your homework and you understand the time commitment that it's going to take to own and manage a business.
- No - If you are looking for a totally passive income opportunity like a rental property. Most franchises will require you to have business skills and the ability to manage people.
- Yes - Because most franchise's earn between 10 and 15%, well above current rates that banks and bonds are paying.
- No - If you have a low tolerance for risk. There is no guarantee that if you buy a franchise you will be successful.
Creating retirement income comes down to diversifying your portfolio into as many income producing assets that you can find. Because of the return and the limited options in this low yield environment, a Franchise may be the perfect option for you.
Make a Positive Difference Today!
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
Would you like to sign up for our Monthly newsletter? If so, click HERE!
Topics:
franchising,
business success,
franchise success,
smart investments,
franchise system,
retirement
The idea of owning multiple stores when you buy into a franchise is appealing. So why do so many people fail at it? Here are some guidelines for economy of scale that we use in our children's salons:
- Never open multiple stores at one time: Your steepest learning curve will be at your first location. If that location is successful, number two, three and four become easier.
- Find the right people and trust them: At Shear Madness Haircuts for Kids we call these people “charismatic connectors”. They have the organizational skills, leadership skills and understand numbers - and the ability to manage multiple locations for you!
- Make sure the numbers work: At our children's salons we have a number that tells us how many services a day you should do before you even think about opening another Shear Madness Haircuts for Kids salon. You should never move forward to opening another salon until you hit those metrics.
- Know your customer: After your first location you should have a rock solid idea of who your customer is: where they live, how much money they have and WHY they are your customer. This should give you a blue print for your second location.
- Never stop learning: They say in business that the only constant is change. Now more than ever that holds true. Ways of marketing change daily, customers are fickle, and brand awareness is vital. If you like a challenge, you should do well!
Owning multiple locations is an exciting way to build a future income stream for yourself and your family. Just remember one thing, business is a marathon and not a sprint!
The Shear Madness Franchise Advantage!
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 challengean 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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