We draw up a business plan in which we calculate the break-even point, the real payback period, and determine possible r
Posted: Wed Jan 22, 2025 4:03 am
Franchisors often require franchisees to buy out a certain amount of goods. At the same time, the level of demand in your beauty salon does not matter to them. You may have to buy products with the money received from turnover and simply store them. Whether you will be able to use them in the future or not is not the franchisor's problem.
If the franchisor works honestly and openly and is ready to engage in dialogue, then he will easily provide contact information of businessmen who have already purchased a beauty salon franchise from him and are working under it.
Be sure to contact these entrepreneurs, ask them to share their impressions, talk about the difficulties in their work and, perhaps, about what in the franchisor’s commercial offer does not correspond to the real state of affairs.
We draw up a business linkedin database plan in which we calculate the break-even point, the real payback period, and determine possible risks.
Beauty salon franchise
If all the issues related to buying a beauty salon franchise have been resolved, it is time to move on to the calculation stage. This step is very important, and therefore it should be treated with full responsibility.
It should be said right away that the franchisor will offer you a ready-made version of the business plan, or rather, its own version. You should certainly take a look at it, but we do not recommend trusting it completely.
The point is that the so-called "optimistic" business model will be the basis for developing the franchiser's business plan. The document will reflect the most favorable version, which takes into account only the main expenses, without risks.
An optimistic outlook on things is certainly not bad, but we are talking about business, where every detail is important. Any business expert will tell you that you should forecast the development of events using a “pessimistic” model, and only after implementing the business plan should you strive for the most favorable outcome.
We analyze the franchise acquisition agreement.
Beauty salon franchise
If the business plan meets your expectations, move on to the legal component of the deal.
Request a draft agreement from the franchisor and study it in detail.
Firstly , you will be able to immediately understand whether the franchisor is using the above-described tricks, which are caused by gaps in Russian legislation regarding franchising.
Secondly , you need to check all the points of the agreement and determine whether they correspond to the conditions that the franchisor provided during the negotiations. This applies to both the acquired rights and material resources, and to your obligations.
If you are not a lawyer and are unfamiliar with certain nuances of the law affecting intellectual property, be sure to seek the help of a professional. Of course, you should consult with a lawyer or a firm that works in this area.
Recommended articles on this topic:
Increasing Beauty Salon Sales: Tips and Methods
Beauty Salon Marketing from A to Z
Attracting clients to a beauty salon: 19 methods and ways
If the franchisor works honestly and openly and is ready to engage in dialogue, then he will easily provide contact information of businessmen who have already purchased a beauty salon franchise from him and are working under it.
Be sure to contact these entrepreneurs, ask them to share their impressions, talk about the difficulties in their work and, perhaps, about what in the franchisor’s commercial offer does not correspond to the real state of affairs.
We draw up a business linkedin database plan in which we calculate the break-even point, the real payback period, and determine possible risks.
Beauty salon franchise
If all the issues related to buying a beauty salon franchise have been resolved, it is time to move on to the calculation stage. This step is very important, and therefore it should be treated with full responsibility.
It should be said right away that the franchisor will offer you a ready-made version of the business plan, or rather, its own version. You should certainly take a look at it, but we do not recommend trusting it completely.
The point is that the so-called "optimistic" business model will be the basis for developing the franchiser's business plan. The document will reflect the most favorable version, which takes into account only the main expenses, without risks.
An optimistic outlook on things is certainly not bad, but we are talking about business, where every detail is important. Any business expert will tell you that you should forecast the development of events using a “pessimistic” model, and only after implementing the business plan should you strive for the most favorable outcome.
We analyze the franchise acquisition agreement.
Beauty salon franchise
If the business plan meets your expectations, move on to the legal component of the deal.
Request a draft agreement from the franchisor and study it in detail.
Firstly , you will be able to immediately understand whether the franchisor is using the above-described tricks, which are caused by gaps in Russian legislation regarding franchising.
Secondly , you need to check all the points of the agreement and determine whether they correspond to the conditions that the franchisor provided during the negotiations. This applies to both the acquired rights and material resources, and to your obligations.
If you are not a lawyer and are unfamiliar with certain nuances of the law affecting intellectual property, be sure to seek the help of a professional. Of course, you should consult with a lawyer or a firm that works in this area.
Recommended articles on this topic:
Increasing Beauty Salon Sales: Tips and Methods
Beauty Salon Marketing from A to Z
Attracting clients to a beauty salon: 19 methods and ways