There are so many options to choose from, and all come with varying degrees of risk and reward. High risk investments might be attractive for some, while certain low risk investments don’t provide reasonable returns. Deciding on investment route to follow can be daunting, and the rise of various fly-by-night operations doesn’t make it any easier.
A route many potential investors choose to follow is that of investing in a business, although this choice is also often fraught with obstacles. The risk is not necessarily lower than other types of investments, and there are decisions to be made around whether to invest in an existing business, start your own, or join a franchise.
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Of the aforementioned options, the franchising model has been proven time and again to be the most popular, and for good reason. It offers a good balance of low risk and high reward, something that is difficult to replicate on your own, or when investing in a business you don’t have direct control over.
Unlike a standalone new business, opening a new franchise comes with a host of benefits, not least of which is that much of the potential risk has been mitigated by the franchisor. When investing in a new business, the risks often lie in the industry chosen – whether it will be a success or not; the type of business model adopted – will this be successful in the market; and industry experience – does the potential investor have the experience required to make it a success?
All of these risks have already been considered in a well-established franchise business, with many years of research invested into ensuring that these risks are not passed on to the franchisee.
Tammy Taylor Nails South Africa is one such franchise in the nail and beauty industry in South Africa, relying on many years of expertise and a business model that has proven to be successful, with over forty salons launched since 2013, when Melany Viljoen, President and Founder of Tammy Taylor Nails South Africa brought the brand to the country. “Tammy Taylor started the brand in the USA in 1983, and I discovered both her and the brand when I was searching for nail tutorials on the internet,” explains Melany. “Her commitment to quality and service excellence resonated with me immediately, and I paid a visit to her in the USA shortly thereafter.”
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Melany made quick work of securing the sole ownership and distributorship rights in South Africa, and returned home to start a franchise business that has grown from strength to strength. “Not only do we have the benefit of Tammy’s almost forty years in the business, but after almost a decade operating in the South African nail and beauty industry, we’ve ironed out the kinks to provide our franchisees with a service second to none,” says Melany. “We know what it takes for a salon to be successful in our unique country, and we happily share this knowledge with our franchisees, as their success is our success.”
Taking the inherent risk out of choosing a franchise business is a key differentiating factor, and one that Tammy Taylor Nails South Africa does with style. “Just as each client that walks through our salons’ doors is unique, so are each of our franchisees,” says Melany. “We pride ourselves on treating each of our franchisees as an individual, and understand that each salon has something different that makes it special. Attention to detail is everything, and this is echoed right trough our business. It’s our unique selling point, and something we take very seriously. Any franchisee who decides to invest with us can rest assured that we have their best interests at heart.”
Visit the Tammy Taylor Official website now for more info about starting a high end salon franchise.
