Making A Career Change, Franchisees Offer Five Tips To Becoming Your Own Boss
July 01, 2009 // Franchising.com // Minneapolis, MN - According to the US Census, an estimated 10.4 million people were self-employed in the United States during 2008. This accounts for 6.7 percent of the U.S. work force*. Could it be you, too?
Regis Corporation franchises popular national salon brands such as Supercuts, Cost Cutters, Pro-Cuts and more. We talked with some of the franchisees and got their top tips for anyone considering becoming a franchisee.
- Be Prepared to Jump in with Both Feet
Know the business from the balance sheet to the inventories. Understand what needs to be done to run the business from the inside out and you'll understand and empathize with the people you hire to do the job every day.
- Educate Yourself
To run your business successfully, it's important to learn about the industry you are interested in. If you are running a hair salon, understand products and nuances of customer service. If you've purchased a franchised business, find out what training is available from the first few months of your franchise to years down the road. You need to 'become' your business to run it well.
- Network in the Community
Join the Chamber of Commerce in your community, the small business association and other networks that will help you market your business. Tap into these expertise bases often; they are wonderful resources.
- Find the Best People
Hire people who enjoy what they do and know what they're doing. Knowing that your business has skilled professionals makes a world of difference to your success. If hiring is new to you, Regis Franchise Development offers courses to franchisees about hiring the right people.
- Keep a Life Balance
Make time for your personal life; the balance sets an example for staff. The result is a great working environment that customers will notice.
*SOURCES: US Census Press Release - "Facts for Features" - July 7, 2009