Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Business » Franchise » Article

The History of the Franchise Business - Learning about Business Opportunities by Looking into the Pa

By Howard Schwartz

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 ( 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 ( 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:
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.

Article Source:
If you wish to add the above article to your website or newsletters then please include the "Article Source:" as shown above and make it hyperlinked.

  Some other articles by Howard Schwartz
Do You Know Who Your Customers Really Are?
Successful marketing of a product or service rests on the effective market research. Marketing research is an answer to various questions that crop up ...

Don't Lose Your House While Starting Your Company
Forming a corporation or a limited liability company is called Incorporating. Getting registered as a corporation can also be an online process where you have to select ...

When Investors Say No - Maybe Your Bank Will Say Yes (with a Little Help from the Government)
Small Business Administration (SBA) loans are provided to loan seekers under section 7(a) of the Small Business Act. This Act gives ...

10 Businesses: Will Your Business Be the One Winner Or Part of the Nine Losers?
A business coach is a person who helps you grow personally and professionally. A business coach bridges the gap between where you are now and where you want ...

Buying a Franchise- What Every Entrepreneur Needs to Know.
The concept of franchising is a couple of centuries old. The franchising business and world economies have developed simultaneously. The term ‘franchise’ comes from old French where it meant freedom, or privilege. Franchising goes back to ...

Startup Advice: Advice from Experts to Start your own Business
Who are the most Famous Investors in History? New Invention Website: New survey reviewing the most famous inventors in the world. The top ten most famous ...

  Recent Articles
Best Franchise Business Opportunity Research Site
by Harry Neubauer

Benefits of Computer Franchise Ownership
by Joshua Feinberg

Computer Franchises: Choosing the Right One for You
by Joshua Feinberg

Tax issue's when selling a franchise
by Joel Bissitt

eEnterprise Integrates NetSuite for Multi-Location Businesses and Franchises
by Elisabeth Lawrence

Buying a franchise? Do your homework
by Joel Bissitt