This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Is Now a Good Time to Start a Business?

NEW YORK ( TheStreet) -- Being an entrepreneur is easier than ever these days, but is it a good time to launch a business?

Brandon Latham is a new business owner. As a franchisee in Austin, Texas for BodyBrite, which offers Intense Pulsed Light hair removal and other beauty treatments, he's no stranger to working long days. Yet just six months after opening his franchise, Latham, 38, says it's already worth it.

Business has been "steadily increasing every month," Latham says. "To get people in the door we did a Groupon (GRPN). I was hesitant because they take a good percentage of the profit, but it's been great. We're getting people in the door and our name out and we've had high retention."

BodyBrite is already established in Europe, the U.K., Mexico and Central America with more than 300 centers open, but is just getting started in the U.S., with just 10 locations here. The company plans to have more than 40 opened in the states in the near future.

"It's been very rewarding," he says.

Prior to opening the franchise, Latham was working at his family's insurance business in Amarillo, Texas, about 500 miles northwest of Austin. In 2009, the family sold the business and Latham thought it was a good time to try out life in a big city, despite the economic downturn. Latham says he dabbled in several jobs including real estate and retail, before deciding that he wanted to own his own business. Knowing that he was particularly interested in the beauty, health and wellness industries, Latham sought out franchises that would do well in Austin.

He decided on a BodyBrite franchise mainly because the $120,000 all-in start-up costs were lower than other wellness franchises, such as Massage Envy, where the upper end of start-up costs could be more than a half a million. But Latham also says there is a prime market of customers from the city's large student body (The University of Texas at Austin has roughly 48,000 students) and professionals.

"I think I've chosen the right franchise for me," Latham says. BodyBrite has been "very supportive and helpful ... The whole process of opening has been fairly smooth. I just wanted to get into something that I was truly interested in."
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $123.80 0.84%
FB $95.54 1.50%
GOOG $630.00 0.44%
TSLA $264.83 4.70%
YHOO $37.92 0.22%

Markets

Chart of I:DJI
DOW 17,642.09 +201.50 1.16%
S&P 500 2,092.21 +24.57 1.19%
NASDAQ 5,089.0990 +49.3230 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs