The History of the Franchise Business - Learning about Business

Opportunities by Looking into the Past

By Howard Schwartz



Need an Idea for a New Business - Hair & Beauty Salons are Booming

Nationwide! Why? Because the Baby Boomers are Demanding These

Personal Care Services.

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 (http://www.hjventures.com/writing/Beauty-parlors-shops-

Business-Plan.html) 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

(http://www.hjventures.com/salon-business-plan.html)? 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

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Author's Bio:

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. For more information:

http://www.hjventures.com