The ROI of a franchise usually ranges between 25 to 50 percent. Here’s what to look for in a franchise opportunity that will produce a lucrative return on investment. GET INFORMED It’s reasonable to assume that a franchise investment should provide a return for both...
Perhaps the greatest benefit of becoming a franchisee is the franchise training and support to which entrepreneurs are entitled; and the reassurance that comes from a partnership with a proven business model. As a franchisee, you don’t have to go at it alone. To be...
The initial costs of opening a business can range from tens of thousands to hundreds of thousands or more than a million dollars, depending on the opportunity. Entrepreneurs can experience sticker shock as they add up their estimated expenses and prepare a budget. But...
A “commercial buildout” is the real estate term for renovating an office space to fit a business’s needs and individual style. A nail salon, for example, will have different construction and equipment needs than a coffee shop; but theoretically, each business could...
Owning a semi-absentee business seems like a dream come true. Owners work an average of 5 to 10 hours per week but still enjoy a full-time salary. This is not a pipe dream. MY SALON Suite franchise owners enjoy the benefits of semi-absentee ownership every day. The...
You want to work fewer than 15 hours each week but make a six-figure salary. It might sound like a dream, but owners of the best absentee businesses live this reality every day. As with any major financial decision, it’s important to analyze your opportunities...
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...