The History of the Franchise Business - Learning about Business Opportunities by Looking into the Past
May 9th, 2006 by blogger
Hair care has been around as long as humans have been on the planet.
The earliest record of personal hair care dates back 2.5 million years ago, when brushes used to create cave paintings in Spain and France were adapted for use in hair grooming. Interestingly, many of the innovations in hair design that are still used today originated in the late 19th century.
According to 2002 statistics, there were 1.4 million personal care services (
http://www.hjventures.com/writing/Beauty-parlors-shops-Business-Plan.html) in the United States, 313,000 of which were beauty and hair salons. The hair salon service industry alone had revenues of $55.9 billion, while salon product sales were $5.5 billion. Coloring alone brought in $10.4 billion for the beauty industry in 2002.
The biggest single customer group is the baby boomer generation, who by the way now constitute the largest population segment in America, and who are more than willing to spend money on a hair care services.
What this means is that the prospects for owners of hair care businesses are solid and strong. The 2003 Job Demand Survey, distributed by the National Accrediting Commission of Cosmetology Arts and Sciences, indicated that average total income (including tips) for salon owners was $53,150 per year.
There are three ways you can enter the hair industry. You can open a franchise hair salon, in which you pay money upfront to use someone else s established name and resources such as advertising campaigns. You can buy an established salon from someone who is retiring from the business or has damaged the business and is forced into bankruptcy. Thirdly, you could establish your own salon.
So what does it take to be a successful salon entrepreneur (
http://www.hjventures.com/salon-business-plan.html)? First, it helps to be a risk taker, you have to be willing to try anything to succeed, you have to have determination and an entrepreneurial mind-set to be successful and you need to have a vision and goals for your business long term.
Learn more about owning your own hair salon business:
http://www.hjventures.com/hair-salon-business-plans.html
About the Author
Howard Schwartz is a partner in several business strategy groups, including HJ Ventures International, Inc. Howard has worked with hundreds of entrepreneurs worldwide with a focus on writing business plans for companies interested in raising capital from Venture Funds and Angel Investors. Howard s business plans have secured several million dollars in funding.
http://www.hjventures.com -
Franchising: Realities & Remedies, Forms Volume
Franchising: Realities and Remedies, Forms Volume provides actual franchise agreements and completed pre-sale disclosure statements for some of the most popular franchised businesses, including residential real estate businesses, fast-food restaurants, weight control centers, hotels, and telecommunications consulting businesses. This book is updated as needed, generally once each year.
Planning For Your Franchise Business
“Fail to plan, and plan to fail,” as the old saying goes. And this is especially true when it comes time to buy a franchise business. Studies have shown that entrepreneurs who have done their research, have clear cut goals, and a solid business plan, are more likely to succeed than ones who go buy a franchise without taking all these factors into consideration.
Buying a franchise is a complicated, sometimes risky investment in your future. Every aspect of your prospective business needs to be considered, from choosing the right franchise, to determining the best location, arranging financing, hiring a staff, negotiating contracts, formulating a marketing strategy, and dozens more details that need to be addressed.
Before investing in any franchise system, be sure to get a copy of the franchisor’s disclosure document. Sometimes this document is called a Franchise Offering Circular. Under the FTC’s Franchise Rule, you must receive the document at least 10 business days before you are asked to sign any contract or pay any money to the franchisor. You should read the entire disclosure document. Make sure you understand all of the provisions.
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Lady of America
This report is the Uniform Franchise Offering Circular (Ufoc) for Lady of America
What’s a Ufoc?
If you appear to be a good candidate for a franchise, the franchisor will send you a Ufoc, or “Uniform Franchise Offering Circular.”
This document is required of franchisors by the Federal
Topper’s Pizza - Latest Franchise Report
This report is the Uniform Franchise Offering Circular (Ufoc) for Topper’s Pizza
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