January 31, 2023

Tricia Oak

Business & Finance Excellency

Retiree Fulfills Business enterprise Dreams, Owns 17 Elegance Salons in Walmart

Steve Ojeshina labored for 28 many years in the automotive business. In1989 he begun at Nissan and moved to Typical Motors in 1995. When performing as a mechanical engineer, Ojeshina lived all about the environment in places like Japan, China, and Australia. On returning to the U.S. in 2004, Ojeshina settled in Michigan and worked for 13 additional yrs till retiring in 2017.

Like several retired People, Ojeshina decided to go to South Florida and swiftly grew to become bored. Ojeshina desired to do additional with his everyday living. When he was youthful, he dreamed of owning his personal organization to impression the life of other people and pass it down to his kids. With that plan in intellect, Ojeshina explored franchising. He opened his first SmartStyle franchise in 2018, which speedily grew to 17 spots by 2019.

“I have a total of 17 attractiveness salons they are all situated within Walmart,” Ojeshina advised BLACK Business.

Ojeshina at his first StretchLab spot in Wesely Chapel, FL

“I took above the initially six salons in April 2018, and I expanded by acquiring 11 much more salons in September 2019. The Franchisor is Regis Company,” Ojeshina shared.

“Our spots are in the Tampa and Orlando marketplaces and have good money move and revenues.”

The Energy of the Franchise Model

Ojeshina was drawn to franchising and SmartStyle for the reason that it is an proven business enterprise with a wonderful name, exceptional purchaser base, great manufacturer recognition, and excellent administration aid.

“Franchises are demonstrated ideas with most, if not all, their techniques in put. In the case of SmartStyle, I had the freedom and means to run the business as if it was an unbiased enterprise with very little to no restrictions—which was quite attractive to me.”

With his accomplishment at SmartStyle, Ojeshina made the decision to diversify and make investments in a unique marketplace. He felt a robust passion for helping many others stay satisfied and balanced life. Ojeshina opened his 1st StretchLab Studio franchise in Wesley Chapel in November 2021. He opened a next spot in March 2022. His third locale is scheduled to open in July 2022 in Tampa, adopted by two extra. While there are several boutique health franchise prospects, Ojeshina selected a 1-on-one particular assisted stretching franchise simply because he observed it as a clean wellness principle that didn’t exist in his community.

Generational Wealth

Ojeshina ideas to go his businesses to his son, daughter, and grandchildren. His tips for future business homeowners is to select a company they appreciate and are incredibly passionate about, have a function and travel to assistance many others, and be positive to investigate the viability of your selected industry. Ojeshina also advises enterprise proprietors to pay out incredibly close notice to earnings and decline statements like income, costs, and funds movement (which is your base line). He claims it is significant to make sturdy business enterprise and monetary strategies that include things like funding, advertising and marketing, and promoting funds.

“Study the regional, state, and federal polices, and if you are investing in an set up franchise, take a look at various destinations in your area and converse with latest entrepreneurs to search for knowledge and advice.”

Steve Ojeshina: Multi-Unit Franchise Owner

Steve Ojeshina: Multi-Device Franchise Proprietor

“Starting my possess businesses has been an exceptional way to pursue my goals of turning out to be an entrepreneur even though passing my legacy — abilities, work ethics, expertise, knowledge, and enterprises to the following era. It also retains my head lively by studying new tips from other businessmen and businesswomen that I am really fortuitous to interact with. It assists to fulfill my social everyday living.”