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Six Top Reasons Why a Franchise Discovery Day is Important

Posted on September 22, 2023 | Leave a comment

Some of the key reasons people are gravitating towards the franchise business model is because

A. Proven Success: Franchises often come with a track record of success. The business model has been tested and refined, reducing some of the inherent risks associated with starting a new business from scratch.

B. Brand Recognition: Franchisees benefit from the established brand and reputation of the franchisor, which can lead to a more rapid customer acquisition and trust-building process.

C. Training and Support: Franchisors typically provide comprehensive training and ongoing support to franchisees. This can include assistance with site selection, marketing, operations, and more, making it easier for individuals with little prior business experience to succeed.

But if the business itself is just rolling out it’s franchise model here are six reasons why a franchise discovery day is important when considering investing in a franchise like “Need a Hair Makeover,” an award-winning hair extensions and hair loss specialist salon:

1. In-Person Interaction: Discovery days allow you to meet the franchisor and their team face-to-face. This personal connection is crucial to assess the franchisor’s culture, values, and support.

2. Understanding the Business Model: You’ll gain a deep understanding of how the franchise operates, including the products and services offered, customer base, and revenue potential.

3. Assessing the Location: Visiting a franchise location in person can help you evaluate its suitability and potential for success, considering factors like foot traffic and competition.

4. Meeting Current Franchisees: Interacting with existing franchisees can provide insights into the day-to-day challenges and benefits of running the business. You can ask questions and get a firsthand perspective.

5. Evaluating Training and Support: Discovery days often include discussions about training programs and ongoing support. This helps you determine if the franchisor provides the resources you need for success.

6. Legal and Financial Clarity: You’ll have the opportunity to review the franchise agreement and financial disclosures, ensuring transparency and helping you make an informed investment decision.

Remember, a franchise discovery day is a crucial step in your due diligence process before committing to a franchise investment. It allows you to gather valuable information and assess whether the opportunity aligns with your goals and expectations.

It is also worth looking at why Hair and beauty franchises can be more successful than going it alone:

1. High Demand:** There is a consistent and often growing demand for hair and beauty services. People value looking and feeling their best, making these services a necessity for many.

2. Repeat Business: Hair and beauty services often require regular appointments, creating a loyal customer base that returns for ongoing treatments, such as haircuts, styling, manicures, and facials.

3. Brand Recognition: Established hair and beauty franchises often have recognizable and trusted brands. Customers are more likely to choose a well-known franchise over an unknown salon.

4. Training and Support: Many hair and beauty franchises provide comprehensive training and ongoing support to franchisees. This helps ensure consistent service quality and business operations.

5. Proven Systems: Franchises typically come with established business systems and processes, reducing the learning curve for new franchisees and increasing the chances of success.

6. Marketing and Advertising: Franchisors often invest in marketing and advertising campaigns that benefit all franchisees, helping attract customers to individual salon locations.

7. Economies of Scale:** Franchise networks can benefit from bulk purchasing, reducing the cost of supplies and equipment. This can improve profitability for franchisees.

8. Community and Networking: Franchise networks offer opportunities for franchisees to connect, share experiences, and learn from one another, creating a supportive community.

9. Specialisation: Some hair and beauty franchises focus on specific niches, such as hair extensions or skin care. Specialisation can attract a dedicated customer base and reduce competition.

10. Flexible Business Models: Hair and beauty franchises may offer various business models, including full-service salons, express salons, or mobile services, allowing franchisees to choose the one that suits their market.

11. Diversification: Some hair and beauty franchises offer a range of services, allowing franchisees to diversify their revenue streams and appeal to a broader customer base.

12. Trends and Innovation: Successful franchises often adapt to evolving trends and incorporate new technologies and techniques into their services, keeping them competitive in the market.

While these factors can contribute to the success of hair and beauty franchises, it’s important to note that individual success depends on various factors, including location, management, customer service, and marketing efforts. Thorough due diligence and careful consideration are essential when considering investing in any franchise.

Top 7 Reasons for Buying a Hair Extensions and Hairloss Franchise by Diane Shawe

Posted on May 11, 2019 | Leave a comment

listen to our intro video

Buying a franchise can be a life-changing experience. Make sure it’s a positive experience by doing your due diligence before signing a franchise agreement. A properly designed and executed franchise system can be an exceptional method of expansion, but franchise systems that are poorly designed or not well managed are to be avoided. Below are the top 7 reasons to consider investing in a hair extensions franchise.

An Existing Franchise Is a Turnkey Business

Many entrepreneurs have the skills to run an existing successful business but don’t have expertise in all it takes to get a business up and running, whether that’s obtaining financing or negotiating lease terms.

Buying an existing franchise in a well-designed system can eliminate much of the hard work: choosing a territory, finding a location, negotiating a lease, finding reliable contractors to complete a build-out on time and on budget, establishing vendor relationships, etc. You may also be able to start a business with trained staff already in place.

But, you will still need to do your homework – aside from the transfer fee, your fees and terms may be substantially different than the sellers.

Proven System in Place

When you buy a franchise, you buy a system – an entire method of doing business. Franchises have an established system in place that you must follow to distribute the franchisor’s products or services using the franchisor’s trade or service marks. Having a proven system already in place eliminates the guesswork and errors a common business owner would normally face.

In addition to exercising some control over franchising operations and the franchisee’s adherence to brand guidelines, the franchisor provides the franchisee with franchising leadership and support.

Corporate Image and Brand Awareness

If you buy into a franchise system that is already established, the corporate image and brand awareness is already recognised. Customers are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust.

In the consumer’s mind, a franchisor’s brand equals the company’s reputation. Great franchisors want to ensure that their customers are satisfied every time they shop at a franchised location and that the franchisee delivers on the franchisor’s brand promise.

Higher Likelihood of Success

Buying a franchise is very different from starting a mom-and-pop business. Since there is an already established system in place, there is a higher likelihood of success. If you invest in a proven franchise opportunity and follow the system the franchisor has put in place, you should be on your way to running a successful business.

Easier to Obtain Financing

Lenders are usually very comfortable financing the purchase of a franchise because franchises already have a proven track record. Bankers usually look at successful franchise chains as having a lower risk of repayment default and are more likely to loan money based on that premise.

In addition, some franchise systems will provide in-house financing and/or leasing options. Many systems also offer special discounts for veterans, via the VetFran initiative.

Training

Most franchise companies offer a training program that is typically held at their corporate offices, plus additional training that occurs at the actual franchise location before the grand opening. The franchisor will train you to run your franchise the same way their other franchised locations are run.

It will ensure that you are running your business efficiently, and will help to eliminate any common mistakes a new business owner usually faces.

Ongoing Support

When you buy a franchise, you have the support of the franchisor and the support of knowing you are part of a growing system. You will always be able to pick up the phone and ask questions of the franchisor or even other franchisees.

Established franchisors typically also have field staff who can visit your location to provide coaching and consulting if needed.

Do Hair Extensions, Hairloss and Beauty Franchises work?

It would seem that there is a blind spot towards innovation outside of technology as we forge ahead with directing where the investment opportunities are bedded.

We are living in a new economy—powered by technology, fueled by information, and driven by knowledge. And we are entering the new century with opportunities on our side saddled with huge problems that require new thinking. I believe a percentage of our system must focus on the areas where humans can outclass computers—such as in cognitive skills, interpersonal skills, fine motor skills, and perform tasks machine might currently find unprofitable.

More and more top fortune company’s are giving way to automation primarily to drive costs down, improve reliability, security and accuracy.

I believes that we need to make sure that the type of education and economical opportunity supplied can keep a population in work or self-employment, performing meaningful tasks relevant to todays and tomorrow needs.

http://academyexpresscourses.com/2018/10/17/hair-extensions-franchise-makes-entry-into-market-place/

Find out how to start your own Hair Extensions & Hair Loss Franchise Salon with Need a Hair Makeover http://www.needahairmakeoverfranchise.co.uk

Why buying a Franchise business makes smarter business sence

Posted on February 12, 2018 | 2 comments

Why buying a Franchise business makes smarter business sense

Hoping to be your own boss? OneRick Grossman’s book Franchise Bible and fra

nchise expert outlines the plus side of buying a franchise

The following excerpt is from Rick Grossman’s book Franchise Bible. Buy it now from Amazon | Barnes & Noble | iTunes | IndieBound

Very few people have the natural ability or expertise to be efficient at all aspects of running a successful business. That is where the franchisor’s experience comes into play. Franchise organisations offer a structure for launching, operating and growing a business. Indeed, the successful franchisor will deliver the entire framework around which the business is built. Franchisors usually create comprehensive operations manuals and training programs for their franchise owners that cover marketing, operations, accounting, technology and other areas that are specific to the particular business model. These efficiencies are designed to enable franchise owners to earn more and spend less time and effort than otherwise would be required to open and operate a similar business on their own.

Collaboration

The franchise organisation model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. Though each business is independently owned and managed, all franchisees share in the collaborative benefits of the organisation through the support and oversight of the franchisor including:

Group advertising resources not typically available to small, independent business owners
Owning your own business and making day-to-day decisions yourself, guided by the experience of a successful business enterprise
The ability to sell products and services to markets that company-owned outlets have difficulty serving because of higher operational costs and lower motivation of employees in company-owned outlets
The benefit of recognized and proven service marks, trademarks, proprietary information, patents and/or designs
Training from successful business operators
A lower risk of failure and/or loss of investments than if you were to start your own business from scratch
Being a part of a uniform operation, which means all franchises will share the same interior and exterior physical appearance, the same product, the same service and product quality and overall customer brand awareness
Operational support from the franchisor, both before and after launching your business venture, in areas such as financing, accounting, employee training and operational procedures
An opportunity to enhance your management abilities within an established business model that you couldn’t experience in most employment situations

The First of its kind in Europe

From the franchisor’s perspective, this collaboration:

Offers the franchisor a method of rapid expansion
Spreads the brand messaging and awareness over a large network of franchise owners
Taps in to the franchise owner community’s “pride of ownership”
Allows the franchise owner community to grow due to a duplicable system and support
Features increased buying power for goods and services due to higher volume with suppliers
Enables new products and services to be developed in the field with more testing and input
Provides a steady cash flow to the franchisor to facilitate overall growth of the system
Can fund the brand recognition effort to grow nationally and globally

Franchising offers a better chance to succeed

The U.S. Department of Commerce and other authors of statistics concerning franchising have shown that the revenue from franchise establishments accounts for over one-third of all U.S. retail sales.

Government research over the years has indicated that the success rate for franchise-owned endeavors is significantly better than the rate for non-franchise-owned small businesses. In short, the good news is that franchising makes up a significant part of the national economy and presents a statistically better chance for success than other business options.

The freedom factor

Most individuals seek three common elements when choosing a franchised business:

Flexibility
Money
Status

These three elements are important for a variety of reasons and seem to be common denominators when people seek a new business as a career path. Flexibility has always been a hot button for entrepreneurs who exchange the stability of a “real job” for the freedom that comes with being their own boss. Money, or income, is always a factor but surprisingly is seldom the most important. We know many people who have left huge salaries behind because they were miserable, to pursue the American Dream and launch a business. Status is an all-encompassing category that includes not only titles and position, but more important, the feeling of purpose one has and being a part of something significant.

Owning a franchise can provide you with all three of these elements if you operate the business successfully and manage your time and resources properly.

Happy franchise owners make more money

It’s been said that if you love what you do, you can’t help but succeed. There’s a lot of truth to this statement. If you can align yourself with a franchise that really fits, you’ll be much happier, which in turn results in higher productivity. This is a simple philosophy that’s often overlooked. Some franchise organisations have suffered because they lost sight of this reality during the fast growth stages.

The explosive growth that many franchises experience is referred to as “hockey stick” growth due to the way it’s charted on a line graph. Sometimes companies are so successful and grow so fast that they seemingly forget about the little things that made them successful in the first place. In this case, their initial success can lead to their ultimate failure. A franchise organisation that forgets that their franchise-owner community is in fact their “customer” base (each of whom should be treated with respect and with an eye towards making them satisfied) usually comes down like a house of cards.

Think about this for just a moment: If the franchisor understands that its franchisees are the heart and soul of their success and understand a very basic premise — if the franchisees are happy then they’ll generate more revenue — then it will build on that reputation and financial model. But if the franchisor sees its franchisees merely as cogs in a wheel that deserve no respect, the system ultimately fails — and not because the end product is poor, but because the sales force that’s presenting the product to the general public is dissatisfied. We see this all too often.

Disclaimer: Rick Grossman’s Franchise exerts inside this blog are by no means an endorsement of any particular franchise.

Need a Hair Makeover Franchise Info Brochure 2018