If you’re a qualified, then launching your own salon could be the perfect next step for you. Of course, just like starting any business, it’s important to think the idea through. You need to ensure that you’re aware of all the ins and outs that come with owning a salon, including how to make it successful.
To help you ensure that launching your own salon is the right move for you, here’s a guide to everything that you need to know. Take this advice on board and you can make sure that you know everything you need to before taking the leap.
Experience is essential
Unless you’ve got prior salon experience, you shouldn’t be launching one. If you’re a qualified hairdresser and beautician with years of experience behind you, you’ll make a great salon owner. However, if you’re new to the beauty industry and have limited experience. It might be a good idea to build up some knowledge before launching your business.
Even if you’ve worked in the industry before, it might still be worth attending a couple of courses. Working as a mobile hairdresser and beautician is very different to running your own salon - there’s a lot you need to master.
Think about startup costs and how you’ll cover them
Launching a business is always expensive. The first thing you need to consider is whether you’ll rent or buy somewhere to run your salon from - this is the biggest part of the investment. You also need to think about the cost of salon equipment and beauty supplies, marketing and PR costs, and also how much insurance will cost you.
If you’ve got savings, that’s a great start. However, if you don’t, you’ll need to apply for a loan, to cover your start up costs. To do this, you’ll need a good credit score and a suitable business plan - there are plenty of templates online. If you’re a little stuck when it comes to your business plan, find a business mentor to help you.
Pick the perfect place
To ensure that you pick the perfect place to run your salon from, you need to analyze the location. This means looking at how close to other amenities, whether it’s on a public transport route, and how accessible, the location is.
It’s important that the site you choose for your salon is somewhere that gets a lot of foot traffic. That being said, the closer to the town or city center it is, the more expensive the rent or mortgage on the property will be.
Think about staff
Last but not least, you need to think about how you will run your business. Do you plan on running it single-handedly, or would you like to get some employees on board? You need to account for this in your startup costs, to ensure that you can cover the cost of taking on staff.
Ask yourself whether you want a few helping hands or whether you want someone to run the business for you. If you want to be able to leave your business to run itself, you need an experienced salon manager. You’ll also probably need hair stylists, a receptionist, and a beautician.
There you have it, all the ins and outs of launching a salon.