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The History of the Franchise Business - Learning about Business Opportunities by Looking at the Past


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:http://www.hjventures.com/hair-salon-business-plans.html

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


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Four Suggestions for Developing an Idea for Starting a Business
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Profits Make the Difference: Social Entrepreneurship
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Defining Your Elevator Pitch
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10/23/2017 02:49 PM
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10/09/2017 08:54 AM
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10/08/2017 11:17 AM
Individual Funding Through Bootstrapping
Bootstrapping is very risky because of only relying on one's own personal savings to where it may take a while to see a profit and make any money back on their savings. You may not have enough investment to get a company up and going that could be successful but fails before it starts. On the upside you don't have to worry about investors, and meeting their needs, you can focus on your business and your customers and making them happy and meeting their needs. The entrepreneur is able to have control over all decisions in a bootstrap company, basically they are the investor of their own company. Part of being an entrepreneur is being able to do things the way that you want to do them and make your business how you want, bootstrapping gives you that freedom.
10/06/2017 11:26 AM
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10/05/2017 07:52 AM
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10/04/2017 01:10 PM
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09/30/2017 10:30 AM
Your Attitude - Here Are 5 Things You Should Include In Your Attitude To Be Successful In Business
More people are becoming entrepreneurs. They are pushing the boundaries and they are taking their future into their own hands. According to business magazine, 8 out of 14 people are not satisfied with their job. To help you become success when you start your own business, I have shared 5 things that I believe you should have included in your attitude if you wish to have success in business.
09/28/2017 08:41 AM
3 Keys to Achieving Entrepreneurial Success
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09/26/2017 12:57 PM
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What is your most valuable asset? If you said your brain, that would put you on a great path. Your brain stores information from every experience you've ever had. It also stores knowledge you've learned from others. And it will impart wisdom and knowledge to future generations. The question is: what will you pass on? This article explores how your professional and personal lives come together for the benefit of yourself and others. And it outlines a path for what you can leave behind for the future.
09/21/2017 03:45 PM
Business Anxiety - How To Relax Anxiety Caused By Trying To Start A Business
When you are looking to become your own boss and create income for yourself, it can be a little scary. When you are an entrepreneur, you do not have the guaranteed income that an employed person has. In most cases, an entrepreneur's income is based on how much product and service that they are able to sell. In my opinion, anxiety can cause a lot of problem in business. Anxiety can cause you to worry about certain things to much and can cause you to doubt your chances of succeeding in the business world.
09/21/2017 08:32 AM
The Brand Called You: The 5 Word Branding Exercise
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09/20/2017 01:50 PM
Get Your Business Out of the Dark With These Tools
Have you all heard about Ashers? yes, I am talking about one of the biggest clothing line in Nigeria. They got their business out of the dark and now they are doing well. How many people know how to do that? well that is still a mystery. But following the tips below will help you get your business out of the dark and into the light.
09/20/2017 09:12 AM
The Ups and Downs of Starting Your Own Business
I feel that every business has a life of its own, and we need to get out of the way and let it manifest. I know that when I first had the idea for my own business I was extremely naive as to what it would entail to get it up and running. I thought it was just a case of getting the business registered, bank account opened, website built and off we go! Maybe this works for some people, but I can tell you that it didn't work that way for me at all - and thank heaven it didn't.


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