As an entrepreneur, joining a franchise system is a great way to open a new business. Depending on the franchise, you have varying levels of power and control. Some entrepreneurs prefer to be more independent, while others appreciate the support and backing of a...
The only thing constant in the commercial real estate industry is change. That’s the case more so now than ever, as the pandemic changed the way people work, live, and shop. Centralized office spaces, once a prime real estate target, are making way for private and...
The beauty industry is an ever-changing industry that is always growing. According to Forbes, the global beauty industry is a $532 billion business. Most projections indicate it will reach or exceed $800 billion by 2025. Within this growing industry is a successful...
What if you want to be a business owner, but you don’t want to be committed to working full-time hours? As a MY SALON Suite owner, you can have your cake and eat it too. Being your own boss comes with a certain degree of freedom. You don’t have to ask permission to go...
Commercial real estate investing is a smart way to generate passive income. There are many different types of commercial real estate — some may require a bigger investment, while others may be more time-consuming. Meanwhile, there are endless ways to generate passive...
One of the main perks of owning a MY SALON Suite location is that you have the freedom to be a semi-absent franchisee. You do not need to be at the salon 24/7. You essentially serve as a landlord, and the stylists in your salon, called Members, are your tenants. They pay you to rent space and run their own businesses.
You decided to open a salon suite business. Great! Now what?Starting a salon suite business is an exciting business venture. However, navigating the road can be challenging without proper guidance.
If you are an entrepreneur interested in opening a hair salon, it can be difficult to decide whether to start your own business or join an established franchise system. There are many reasons to open a franchise, and a salon suite business offers many benefits to owners.
So, you want to own your own business, but you don’t have a ton of time to spare. What can you do? This is a common predicament for busy professionals with a full-time job they love who still want to invest in business ownership. You may also fall into this category if you are retired and want to invest but no longer wish to work full time.
Before you purchase a hair salon franchise, not only will you need to research brands — you’ll need to research different types of salons. Make sure you understand all available options before you make the commitment. Here’s how traditional salons compare to salon suites, and which are most in-demand.