Not content to rely on a salary from their employer, many entrepreneurs have realised that owning their own business is the path to financial freedom.
In a study examining 29 different countries across the globe, The International Entrepreneurship and Management Journal found that almost a quarter of all entrepreneurs are in business for themselves primarily to increase their own wealth. Although everybody knows that money doesn’t buy happiness, it is fair to say that financial security is imperative for the reduction of stress, for increased freedom of choice, and for the improvement of a person’s emotional wellbeing.
There are also a number of factors to be considered when investing in a business with the aim of improving your financial standing. A lot of research should go into the choice of a business, or you could find yourself with a costly investment that is not performing, or providing the expected returns. One of the ways to mitigate this risk is to invest in a franchise business, where much of this research is done for you by both the franchisors, and franchisees who have already invested.
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The choice of industry is also important, as some industries are already saturated, and others might not present the best investment opportunity in the long-term. An industry that has shown exponential growth over the past decade is the nail and beauty industry, and it is one that looks set to continue on its growth trajectory.
In South Africa, the nail and beauty is booming. There are numerous investment options available, but the most financially astute remains a franchise. Tammy Taylor Nails has had a South African presence since 2013, when President and Founder of Tammy Taylor Nails South Africa, Melany Viljoen, brought the brand to our shores. It was after discovering Tammy Taylor on YouTube, while searching for nail tutorials, that Melany recognised the potential that the brand represented, and paid a visit to Tammy herself in the USA. Tammy launched the brand in the USA in 1983, and her almost forty years in the business represent a wealth of experience.
With over forty Tammy Taylor Nails salons in operation in South Africa, this is a franchise investment opportunity worth considering, especially if you have a passion for the nail and beauty industry. The earning potential that this industry represents is high, especially considering the purchasing patterns of repeat customers and referral business.
While various investment opportunities exist for those wishing to increase their earning potential, few are as reliable and consistent as investing in a franchise. Franchises offer excellent business support for new business owners, and Tammy Taylor Nails is no different. The investment journey starts with assistance in location-scouting as well as lease negotiations, both areas that can be tricky for first-time investors. All aspects of the journey are covered, including training of nail technicians by master educators, assistance with recruitment, advice on the correct stock levels, access to a branding toolkit and operations manual, and an excellent team of shopfitters that bring salon designs to life using innovative 3D technology.
All of these components add up to a franchisee experience like none other, where the business owner is supported every step of the way, and freeing them up to spend time working on building their salon into a profitable endeavour.
Investing in a Tammy Taylor Nails salon takes the guesswork out of entering the nail and beauty industry, and sets business owners firmly on the path to success, and by extension, improved earning potential.
Visit the Tammy Taylor Official website now for more info about starting a high end salon franchise.
