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

January Newsletter: Valentines, Specials, Awards and more!

Posted by Matthew S on Wed, Jan 7, 2015 @ 12:01 PM

Coupons and January Special Sales! 

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Semi-Annual Bow-Out Sale! Shear Madness Haircuts for Kids has an awesome selection of bows. We have so many hair bows and accessories to choose from, that it's sure to be an experience you'll want to come back for again and again! And best of all, right now all of our beautiful Christmas Bows are now on Clearance!

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Valentine's Day Specials! Our Daddy Daughter Makeover or Mother Son Fun Valentine's Package is only $29.95. This includes one Diva Day, a FREE certificate with 4x6 photo, FREE sweetheart ring and a membership to the Diva Club! There's also an option of adding a haircut for Dad for a total of $39.95. But hurry - this offer ends February 28th!

coupons

Great Coupons! Start the new year right by saving a little cash on that awesome item you've had your eye on, and check out our coupon page! Whether it's shopping for an upcoming party or other special occasion, you're sure to find that great deal you’ve been waiting for at Shear Madness Haircuts for Kids!

Locks of Love and Crafts!

locksoflovelogoLocks of Love:  Did you know that at any time in the year your hair can be donated to Locks of Love at Shear Madness Haircuts for Kids? By donating at Shear Madness (click here for a movie), you'll receive a special certificate with a before/after picture that can be framed to remember your gift. Click here for locations, and make an appointment today (Please note: Haircut is at the normal price, but the certificate is provided free as our thank you for the locks donated!)

poppersCrafts for Kids: Start 2015 with some fun! Check out our great Crafts for Kids section on Pinterest, and learn how to make wishing wands (for the new year), party hats, party poppers, confetti balloons and kid-friendly fireworks! From all of your friends at Shear Madness Haircuts for Kids, we wish you a great start for the New Year!

January News at Shear Madness!

albBOC14smallAlbuquerque Best of the City 2014! We're proud to share that Albuquerque The Magazine readers voted the Albuquerque Shear Madness Haircuts for Kids location as Best of the City for 2014. Congratulations to owner Michelle Vick and her great staff! Michelle shares that, "I believe we won 'Best in the City' because our store is a unique, fun and a happy place! My staff is awesome and so great with the kids! They make each visit special." Click here to visit the web site for the Albuquerque Shear Madness Haircuts for Kids.

socialmediaYour Source for Shear Madness Fun! If you'd like to keep up with the fun at Shear Madness Haircuts for Kids, why not check out our Facebook page? Not only do we share a Free Haircut Friday each week, but we also post funny jokes, sales and specials, great photos, customer feedback and more! And if you want more Shear Madness, why not check out our Franchise Blog, InstagramGoogle+ and Twitter! And of course, you’ll want to take a look at some of our favorite Shear Madness pins this month on Pinterest!

Start the New Year with a Franchising Opportunity!

franchising

What is a Franchise, and what makes owning a Shear Madness Franchise so special? If you've ever found yourself asking this question, or are interested in opening a Shear Madness, you might want to check out some of our new resources available through our franchise website. From a great blog discussing the many aspects of franchising, to free downloads and more, we invite you to check out our franchise website by clicking: Franchise Opportunities

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

Topics: kids salon franchise, salon franchise, Shear Madness Haircuts for kids, newsletter, successful franchisees

Albuquerque Shear Madness Salon Franchise voted Best of City!

Posted by Matthew S on Thu, Dec 11, 2014 @ 14:12 PM

albBOC14smallAlbuquerque Salon Franchise Shear Madness Haircuts for Kids was recently voted by readers as Albuquerque The Magazine's Best of the City for 2014! The magazine, which serves as a schowcase for Albuquerque's most interesting people and places, explains that for 10 years the Best of the City award has allowed readers to vote on their favorites in order to "find the newest, the coolest, the most interesting, and most exciting things about Albuquerque."

With a fun mix of mounted cars for styling chairs, as well as TVs and Xboxes at every styling station, it's easy to see how the Shear Madness Haircuts for Kids in Albuquerque franchise location is regarded by customers as a cool, interesting and exciting place to visit! Shear Madness also includes an award-winning YOUniquey Boutiquey where kids and parents can shop a fantastic selection of toys, jewelry, hair products, hair accessories and more. And to top it off, by mixing in the La De Da Spa, themed parties, and a great styling staff - customers are sure to find something to bring a smile to their face! 

Michelle Vick, owner of the Shear Madness Haircuts for Kids in Albuquerque, states that some of the reasons her store may have been selected for the honor is because Shear Madness is a "unique, fun and a happy place! My staff is awesome and so great with the kids! They make each visit special."

Michelle also notes the important part that effective marketing has played. By generating positive brand awareness, the salon has seen steady growth since opening in October of 2013. "I have advertised in New Mexico Kids magazine and ABQ Magazine, participated in public events like ZOO BOO, local school functions, and done joint parties with a large pet store in the same neighborhood."

Shear Madness Haircuts for Kids in Albuquerque additionally has really perfected the art of giving a great haircut and hosting fabulous kids Birthday parties.  The spa party concept has been a real hit in Albuquerque. Girls are treated to wearing spa robes, getting mini manis, twisty updos, and glittery makeup.  They sing Karaoke and also get to make a fun bracelet and take home a headband of their choice.

Janon Otto, CEO of Shear Madness Franchising said, "Michelle has done an awesome job making her store a great place for kids to come to.  She has been careful to follow the Shear Madness systems and has hired an incredible staff - they are all so excited, friendly, and love their jobs!  Michelle is great to work for and someone that everyone loves to do business with! With the Albuquerque store having just opened in late October of 2013, for this store to be honored with this award within such a short period of time is a real accomplishment."

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!

Exploring a Children's Salon Franchise

Topics: franchise, kids salon franchise, salon franchise, Shear Madness Haircuts for kids, the salon business, Small Business Franchise Information, successful franchisees, small business how-tos, growing a small business, marketing strategies

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

7 Things Successful Franchisees Appreciate

Posted by Matthew S on Thu, Oct 9, 2014 @ 13:10 PM

small2textFranchisees should feel like they are being served by the franchisor.  Shear Madness Haircuts for Kids understands that the road to becoming a successful business involves many unique challenges. Our franchisees have taught us that being a great franchisor is important to the success of the individual franchisees.  Here are a few things that we have discovered that our franchisees really appreciate.

1. Great Customer Service: Quickly deliver your quality product with a smile! Time is a valuable resource to your customer. Delight them with efficient services and promptly returned emails and phone calls. And don’t forget to smile, say “Thank You”, and let your customers and employees know how much you appreciate the work they do!  As a franchisor we realize that a franchisees time is just as important!  And just as our salon customers' deserve prompt answers our franchisees deserve prompt answers from us - the franchisor!

2. Optimism: It’s important for business owners to always be optimistic about the future. Attitude will quickly infect your employees and ultimately impact what the customer receives from your business. If a customer believes they aren’t getting a great product or experience from your business, they may look elsewhere.  It takes a while to really build a succesful business of any kind - we understand this!  There are always going to be ups and downs in any business.  We are constantly on the look out for successful marketing techniques to pass along to our business owners.  Optimism and success by others is contagious!  We share store results with all owners so they are able to encourage one another.  Every store has the ability to be a success!  We know this and help provide that optimism in both intangible and tangible ways!

3. Think Different: Think "Outside the Box". This may require a business owner to get out of their comfort zone, but your customers will be drawn to products and advertising that looks different from what everyone else may be doing.  Franchisees buy a franchise because they want to know "how to do it" and they expect that the Franchise IS doing it differently than everyone else!  A succesful franchisee will always ask the franchisor when they are thinking of doing something outside the box!  The franchisor most times has experience with that idea and can guide a franchisee to either do it better - or maybe help them avoid a costly mistake!  Franchisors that reward those franchisees who have thought of something "outside the box" and have a system in place to share this information is much appreciated by all franchisees within the system!

4. Team Building: Good franchisors don’t just hire another employee to do a job – they find people who are excited to be part of your team. These employees will help build your business through delivering great products and services, and caring about your customers as well as you as a franchisee! Franchises typically do not have many employees in their home offices - so those that they hire need to be carefully chosen.  

5. Focus: A good Franchisor will not allow you to 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! A good franchisor will help you with this - if you are thinking too far "outside the box"  the franchisor should alert you to this!  Every idea may have merit, but doing them all well is usually not possible.  

6. Do What You Love: A Franchisor chose you as a franchisee because they see something in you that brings strength to the business.  Building a business around what you enjoy and a good at gives you a greater chance for success. The franchisor may pull you back in and remind you of why you were chosen for the task!  They will also help you get better at those skills that may need improving.  AND they may improve the entire system based on what knowledge your strengths have brought to the system!

7. Don’t be a loner: Successful Franchisees and Franchisors realize the value in sharing!  You are NOT in it alone as a franchisee.  Franchisees appreciate built in systems, meetings, conference calls or other systems that the franchisor has put into place to allow them to communicate and learn from other franchisees, employees, and the franchisor. There isn’t anyone out there who can knows everything. Being able to seek out those individuals who enjoy being expert advisors and mentors within the system is valuable.  As each store becomes more successful it helps everyone within the 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! If you’d like to learn more tips on how to achieve success from our team of business experts, click the below banner...

The Franchise Buyer's Toolkit

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Topics: kids salon franchise, franchise buyers, franchise opportunity, Shear Madness Haircuts for kids, how to franchise, Free Resources for Businesses, successful franchisees, marketing strategies

7 Habits of the Most Successful Franchisee in the Franchise System

Posted by Janon Otto on Mon, Oct 6, 2014 @ 16:10 PM

In Franchise systems there is a rule of thumb.  Twenty percent of your franchisees will be great, sixty percent will be average, and twenty percent will be underperforming locations.  Then within that top twenty percent there will be a few superstars.

What makes a franchisee a superstar?        

1. Use What is Provided - They use the tools the franchisor provides to their full extent.  Most franchisors provide tools for their franchisees to use.  These might be personalized web pages per location, advertising design, marketing calendars, discounted printing services, etc.  The star knows and uses what the franchisor provides.  AND if the franchisor doesn't provide something they need - they are not afraid to ask for it!  Many times they find out about a new resource they had overlooked or the franchisor adds something as a result!99watermarktext

2.  Not Afraid of Franchisor Input - They contact the franchisor about ideas they have for product or sales ideas they have.  Franchisors have been in this business much longer than a franchisee.  Many times a franchisee has an idea they think has never been tried - however many time it has already been done.  Contacting the franchisor makes whatever idea the franchisee has - BETTER!  Because if it has been done or tried it either succeeded or failed and the franchisor can guide the franchisee as to whether to throw the idea out or how to make it better.  They can also point out potential problems or successes that need to be thought through before going forward.

3.  Answers Franchisor Correspondence - The star reads all correspondence from the franchisor and consistantly is among the first to answer!  They make decisions quickly and don't wait until the last minute to answer - many times the franchisees who don't answer correspondence and wait - never get to it as the emails, mail, just pile up and they forget.  Usually missing out on opportunities or direction the franchisor has provided.

4.  Plans Ahead - Franchise Systems have to plan well in advance for marketing and product introductions and promotions.  The Star franchisee plans well in advance as well.  They make sure that supplies are on hand when needed, and products are in place for any promotions the franchisor is offering.  They also add to these offerings with ideas of their own to increase sales.

5.  Works Hard - The Star Franchisees in a Franchise System realize that success takes work!  Even though they bought a franchise with proven success this does not happen without work and effort on the franchisees part.  Businesses do not run on their own without supervision and guidance.  Even the owner who is not onsite must be aware of what is going on and the location must also know that the owner cares about the business.

6.  Invests the Capital it Takes to Build the Business - Word of Mouth is the best advertising a business can get.  Successful Franchisees realize this and also realize that this takes time.  They are willing to put in the working capital neccessary to keep the business at its best at all times until the word is out and the business can sustain itself.  A business may break even early, but it really takes about 3 years before it is entrenched and well recognized within its area of operation.

7.  Uses the In Store Systems -The Star Franchisees within a Franchise System make sure that they understand how their business is to operate using the in store methods that the franchisor has provided.  They are the ones that ask and ask and ask again making sure they understand how operations are to go.  They are smart but realize that there is a learning curve that is shortened drastically because they bought into a franchise.  They realize that the franchisor has the experience and that systems that don't make sense must be there for a reason.  They ask so they understand.  Customers want to visit happy and efficient operations!

     Royalty Payments are well worth it - the star realizes that they could not hire an employee with the knowledge of the franchisor for what they pay in a royalty.  They make sure that they get their money's worth out of this payment.  Use what the franchisor provides!  It is amazing that many franchisees in a system will flounder and struggle just because they don't pick up the phone, answer emails, or follow the system.  They pay a royalty and complain that it is not worth it, when in reality they are not taking advantage of what the franchisor is offering them.  

This article was written by the CEO of the franchise Shear Madness Haircuts for Kids.  Franchise systems are not equal and many provide tools that others don't.  If you are thinking about investing in a franchise - find out what those tools are.  Ask other franchisees if they are using them and how valuable they are!

Are you thinking about becoming a franchisee?  You may enjoy reading The Top Four Considerations when becoming a Franchisee:

The Top 4 Considerations

Topics: franchise buyers, buying a franchise, Small Business Franchise Information, Business Tips, successful franchisees, small business how-tos