Marvin Babcock fell in love with flying while he was still in college. A friend invited him along for a ride in a small plane. "He let me hold the controls -- I just got hooked. I went home and told my wife, 'I want to be a pilot'." Three days later, he enrolled in flight training.
Since 1998, Babcock has been a pilot for United Airlines. "On a beautiful day droning on between Newark and L.A. and you're four hours into it, it's just a job," he said. On the other hand, "To this day I still enjoy the thrill of taking off and landing a big jet. That never gets old, never becomes routine."
After the decline in the airline industry following September 11, 2001, Babcock decided he needed to diversify. After doing some reading, he decided that a franchise might be the best business opportunity. "Although franchises are expensive, the odds of success in a franchise are much higher because I didn't have business experience. The franchise provides support, name recognition and a customer base," he said.
He looked at "virtually every franchise out there." A fellow pilot who owned a Fantastic Sam's franchise "sat me down and showed me the real numbers. He wasn't giving me a sales pitch -- he had nothing to gain. That was when I felt very comfortable knowing what I was getting into."
Babcock opened a franchise in Forest Lake on June 1, 2005, and a second in Chisago City on November 1, 2011. Babcock had no background in hair styling, but, he said, "I could run a business from a customer's point of view. That was an approach I took, and it's worked." His Forest Lake franchise was named one of the 10 highest earning Fantastic Sam's salons in the country at the 2012 national convention.
"Hair stylists are very creative individuals, very artistic, very free, where I'm extremely structured, black and white," he said. "It's expanded my way of thinking. It's been good."
What's it like being both an employee and an employer?
I appreciate my employer a whole lot more than I did. The average union guy tends to think that the employer has a limitless amount of money and the well will never run dry. As an employer, I know that's just not true.